For those experienced in system development

[kenokabe]

Quote from prox:

I have about 4 contracts worth of backtest results for a fairly simple volatility based ORB system. Basically it enters based on a calculated factor, uses a protective stop at the LOD at the time of entry for a long, or HOD for a short, and then exits MOC .. so it's fairly crude and could easily be improved with BE stops or expected range projection profit targets.

I don't really know what to make of it, other than the basics and would welcome any feedback.

This has also been backtested with the same month contracts on the NQ and YM with very similar results. Around 55% wins and a 1.05 W/L ratio

prox,

None of them is promissing.
Look for a system that has at least 2.0 profit factor.
This value may be down to 1.5 sometimes depending on time, but the average you see shuold be over 2.0 for robustness.
You use Qchard data source for WLD..
Oh now I see it is the result of the same system tested for the different ES contract, then this system is not good at all.
Profit Factor is so poor.