93.33% Accuracy and Better is Achievable with this Forex Strategy.

I freely admit that you guys might very well be right, but I don't buy it. Seventy-five to ninety-five percent of all traders fail, yet I'm supposed to account for the success of a strategy that is working for me day after day for a week, a month, a year, or whatever, by chalking it up to a lucky streak unless I change something and do it again? I don't think so. And besides, I was doing something different before (from 2010 to 2015) and already recognize the difference between the results I was getting then and the results I'm getting now. From my point of view, I ended the testing phase as of this morning and have now begun the process of practicing how to best implement the system (i.e., correctly interpret the information supplied by the various parts that make up the whole) which I will continue to do until September, when I begin to trade it full time (God willing).
 
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IAlwaysWin said:
What do you do? Linger on ET and talk about things you know nothing about. But this is the end of this conversation, because I said so.
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I'm building an automated trading machine that has the ability to adapt to wild forex market price fluctuations. I managed to develop this monster into something special. It's backtested over data from 2016 up until today 2019.

My plan with this thread is to test different markets and post the results here. I am looking for a partner that has some capital and wants to partner up and make some serious pips. This is a strategy that I created and coded into Pine Script.
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Have you hit 93.33333% accuracy in even one week so far? No. Talk to me when you do.
 
IAlwaysWin said:
...Sharpe is almost at 3.0, the only thing I'm looking to get a better hold of is my drawdown, I'd like to see it below 2.0. Also, with this being a scalping setup the machine will be trading more often but pocketing gains more often as well.
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Something I've noticed based on the latest screenshots...

Your sim account is not fluctuating above or below $100,000.00 after all this testing. Do you keep hitting the reset button on the trading equity after each run? If so, that's not a good run of the strat methinks.

Why not just let it accumulate the wins and losses, and see how it performs?

Also, do you actually have $100,000 to put into a live account when you decide to do this for real?
 
expiated said:
I freely admit that you guys might very well be right, but I don't buy it. Seventy-five to ninety-five percent of all traders fail, yet I'm supposed to account for the success of a strategy that is working for me day after day for a week, a month, a year, or whatever, by chalking it up to a lucky streak unless I change something and do it again? I don't think so. And besides, I was doing something different before (from 2010 to 2015) and already recognize the difference between the results I was getting then and the results I'm getting now. From my point of view, I ended the testing phase as of this morning and have now begun the process of practicing how to best implement the system (i.e., correctly interpret the information supplied by the various parts that make up the whole) which I will continue to do until September, when I begin to trade it full time (God willing).
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Lucky streaks can happen in losing strategies as well, and if you reset the strategy that changes the "count". For example, a strategy with a 40% winning percentage still has a streak of 6 winners in 1000 trades. See below for the experiment.

That's all I'm saying.

upload_2019-6-21_18-1-46.png
 
Overnight said:
Something I've noticed based on the latest screenshots...

Your sim account is not fluctuating above or below $100,000.00 after all this testing. Do you keep hitting the reset button on the trading equity after each run? If so, that's not a good run of the strat methinks.

Why not just let it accumulate the wins and losses, and see how it performs?

Also, do you actually have $100,000 to put into a live account when you decide to do this for real?
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I have my reasons why I'm doing it the way I am. And, I won't talk about what funds I have but I do plan on using 20 percent of of 100/1 leverage.
 
IAlwaysWin said:
I have my reasons why I'm doing it the way I am. And, I won't talk about what funds I have but I do plan on using 20 percent of of 100/1 leverage.
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I did not ask you if you had "reasons" for doing what you are doing the way you are. I asked if you were...

A) Resetting the account each time.

B) Why not let it accumulate wins and losses if A is true, and

C) Do you have the $100,000 to put into the live account when you are going live?

I did not ask you how much your total net worth is, I did not ask how big your house is, and I did not ask you for personal information.

You need to learn where to draw the line on privacy paranoia.
 
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