some comments i got for ur system performance from senior member.
the system -having win rate >50% and Profit Factor 2 to 3, over a period of 4 years - is very difficult, but not impossible. (Anyway, I don't know of a system with similar results )
Whenever, I see a hugely +ve backtest, i look out for few things:
1. Bars repainting - systems looking into future. But Dell tells that it does not look into future.
2. Irresponsible Money Management, where u take maximum risk everytime. But Dell tells that he has a position size of 4 lots throughout. So, system is good on this one also.
3. Not considering costs+slippage, especially in lower timeframes. But Dell says he has take 0.6% for cost, which is good enough.
4. Curve fitting. Though the system tested for 3 years - no way to confirm whether would perform same way in other time periods or in the future.
5. Simple nonsense like considering Buy Price at Low of bars, or all Sell Price at High of Bar. But I think Dell is aware of this, and he mentions that he buys on Close, (but someplace he also mentioned Open)
6. Impractical stuff, like trading the Day Open (first tick), or trading too many signals in a minute, which would not be possible without advanced automation. But the 3 min timeframe seems reasonable.
i got a question from my friend , want to clarrify things clearly so posting here , no other intentions here ;;;;
first i want to clarrify that how trades are done on 15m tf and trade taken on 9;02;59......as my signal taking tf is 15m which is associated with daily and hourly but here i play a trick , system looks around 3mtf to finetune setup trades and for profit booking it will lead to upscenario 3>15>60>daily ,
so it is possible to take trade for finetuning on 9.02.59...........but system is of 15m /60/daily......
second thing i have already attached ami report showing that it doesnot look into future
third thing if we trade constant 4 trades overall time with than where question of irroponsible mm comes place.
fourth thing , let us assume i don't deduct brokerage than lets calculate 800 trades are there so how much brokerage will be there , it is not make much difference
regarding curve fitting , i posted here all years report seperately also , will post all months report in excel , with trade details , and my mm rules details with yearly wise , month wise and day wise ,
one question , all systems are backtested and using curve fitting , is there any system which is not curve fitted ?
if we get only half performance than also we survive ....isn't it ?
trades are completly on closing price of bar , there is no question of using opening price ....that concept is used in abhi report , i am aware of defects using opening price ,so i not used that ........
plz throws ur questions and query's as it helps in understand things clearly ......
it is person trading system , who makes money , it's his phycology , mentality , emotion handling capacity that makes him fit for trading , i am well settled with my earlier system and makes money there also , all is the thing , u have to know where it will perform better , u have to take double quantity there and when u know that this is not favourable setup around , u have to trade less quantity at that time , all main thing is .............let profit running trades as much as and shorten ur loosing trades as much as possible , and first thing is protect ur capital ......market is always there for trade , if u have no money than how u trade later ?
