Based on the work of Samsampop, I once created a few test versions. This one works entirely with standard indicators with standard settings. Which is kind of fascinating. Maybe there are other ways to improve it? Opinions and suggestions are very welcome.
I forgot to mention … of course the whole thing was done with WF70 / 30.
I like the simplicity but too high time in market. And if you test your strategy on 1 million bars you see mostly red quarters.
Such a strategy stays well away from crashes. Sideways movements are also compensated for quite well. I think the problem with 1,000,000 candles is easy to explain. Until 2014, for example, there were completely different lengths of movement. A TP of 170 pips would not work in 2010. More like a TP of 50 pips. As an example: in 2010 we had levels on the Nasdaq of around 2000 points, today we are at 15000 points. So it cannot work over 1,000,000 candles, but you only have to consider the last few years for simple things like TP and SL. There would be an attempt to test over 1,000,000 candles with% profit. It could work for about that long. But 8 years of good, explainable backtest is worth a lot. If we were suddenly back to a price level of 2000 tomorrow, such a simple strategy would not work. But will that happen overnight? 😉 This is more of a gradual process and then you have to adjust something. Or what do the pros say? Do I have a mistake in reasoning?
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Yes thats true. Anyway, if you have an impressive strategy, its necessary to keep it running und proof it 1 time in a quarter.
Question: Is it possible to contact another user via pm?
Well, I’ll put this strategy and maybe a few more times in demo. I am a fan of simple things because I think simple things tend to be less curve-optimized. After all, a highly complex strategy has to be optimized on a regular basis.
PN? Do you want to chat with me?
Is there a chat function here? If I post my private mail here now, will I get wine offers from all over the world? 😉
That’s a good idea, a way to direct message other people would be welcome
Did you get any further with your version?
Been a bit slow of late, I’ve been migrating all my focus to higher time frame (5 – 15 min typically) strategies which fit my personal style better (the holy grail of trading according to Van Tharp) and switching off lower time frame strategies. My personal preference. Also been focused on swing trading US Equities, trading daily breakouts manually to start with. That’s gone well so now I can get back to testing. Will keep you posted.
I added a similar filter to your test version Nasdaq Breakout. That is completely sufficient. These results were almost as good as my MACD version.
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VinzentVega I guess you can post your Twitter account, people can follow you to then message you directly that way
Hello phoentzs
Just wanted to share a revised version of the strategy you kindly posted. I have optimised the MACD settings over the last 50k bars, which includes a range of different market periods.
As you will see from the notes the SL and TP are in percentage, again optimised over the last 50k bars as the values will be more meaningful going forwards. As a result the returns are great in the last year, but this reflects the index value and the %’s used for SL & TP. I have also included code shared by nonetheless elsewhere in the forum to close positions on a Friday night. Overall a very simple but effective piece of code in it’s current form.
The trailing stop could do with more work. I am trying various options, again using ideas in this forum and will keep you posted.
Thanks once again for sharing this strategy.
This looks very good. Maybe you should also create the whole thing as MTF, with trailing stop in the M5?
I will perform an attempt on the occasion. At the moment I’m still on the way in your other topic. 😉
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