I thought about this idea and maybe it is not new even. I don't claim to be smart or wise.
This is not a Strat. Purely a indicator using 2 lagging oscillators. Find out a strat using this and tell us instead.
So what is it doing? It looks íf Stochastic Main Crosses RSI. I give you the Source and if you find any interesting setup or change the Code and make it better, just remember to Share here. I also believe in that one idea can bring other ideas as well so better to tell you all and maybe some really clever person can tell us what to do.
I did some BO-Forensic with Konkistadorr's excellent Bo Tester 2.0
I used EURUSD (forex not .bo extension), 1M chart and 5M expiry and trading time was 04:00-06:59 for 2015-01-01 - 2016-03-30 and it earned money (see screenshot) with a win rate of 61.11%.
Another test EURUSD (forex not .bo extension), 1M chart and 5M expiry and trading time was 13:00-16:59 for 2015-01-01 - 2016-03-30 and it earned money (see screenshot) with a win rate of 80%. See screenshot
Then I did a new test for 10 years, same setup as above but from the date 2005-01-01 til 2016-03-30 and for a good 7 years or so it was above 50% then it went below 50% and then the last years it turned back again and it ended 50% and after ten years I lost 37 dollars. See Screenshot
Is it busted? Maybe, maybe not. It takes hours to do testing over 10 years. Who knows. I will run the same 10 years test but with other settings.
Suggestion on what to do next
- Trading Days, maybe some days are better then others
- Trading Time
- Currency Pair
- Expiry Time
But it is to much for one guy to try all of this alone. So if you find out something or change the code start a new thread, link to the first post from this thread into your first post, and tell us what you did.
Pls remember that back testing and results from it has nothing to do with the future.
Sharing is Caring