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A worst kept secret is the need for accurate statistical backtesting on as much historic data as you can get your hands on. Accuracy generally means real tick data and at least 10 to 20 years of it. I like to use 35 years when I can. I figure that where there is no catastrophic anomaly in 35 years, who cares thereafter because well... I'll be deceased by then. At the end of the day, you have to hang your hat on something. I hang mine on statistics.
"Adaptive" is basically the same thing--but on a cyclical loop of more recent historic data. And if you also backtest it on decades of historic data, then boom! It's even more similar.
Please don't bother asking me for proof. It's prohibited self-promotion in this Forum. I proved that the hard way previously in this thread.
Guys, I have been trading since 2011, I have tried nearly 2000 strategies, I have build almost 2000 Eas and indicators, on this olatform and on other platform, but I have not really found what works, what actually works? and does such a thing exists?
Open Range Breakout, this is a simple and easy strategy you can replicate or automate.
But there are categories of strategies that consistently perform well when used with discipline, risk control, and market awareness.
So no robots work?
But why are so many of you talking about discipline?
So no robots work?
I think that the point is the fact that the GIGO principle is at play. This is to say that poor logic produces a poor trading strategy--whether manual or algorithmic. Garbage-in, garbage out.
And then the catch-22 is the fact that no one in this Forum can prove that EA is profitable. I mean, literally, it's prohibited. But then this thread is titled with "strategy" and not "EA" so...
There's enough proof in the signals section that algorithmic trading is profitable anyway, the stats are the stats, and if someone can do it...you can do it too, it's just never as easy as it seems. Always these small caveats in financial markets that pose big threats.
Personally, I don't take anything posted in the Market as proof of anything. To each her/his own, I suppose.
In any event, you're more or less preaching to the choir. Suffice it to say that I have my own proof.
Personally, I don't take anything posted in the Market as proof of anything. To each her/his own, I suppose.
In any event, you're more or less preaching to the choir. Suffice it to say that I have my own proof.
In some cases some of the signals could be inaccurate with manual closing of positions that were executed by an EA, but you can also look at drawdown, and there is a "100% algo trading" statistic on some signals which proves that there was no manual intervention.
Although I'm happily trading my own 100% algorithmic strategy, I will not promote anything that is a black box product.
On a related note, any algorithmic trader can secretly intervene in any EA via Global Variables that operate within the Tools menu of MT5 and within OnTick() in the EA code.