I have translated a PA system that trade S&R breakout into an algorithm It's great to see that the results aren't that bad nor good. But TradingView (Free Version) doesn't allow a lot of data to backtest with. Actually it's more rubbish than anything else BACKTESTING IS NICE TO REMOVE TRASH FROM MY HEAD Might work on NQ 30 min ? .... Might need to add a Level +-ATR to avoid false BO Actually make it worst Can't fix a shitty system xD Thank you NVDA
Here is another PA 'strategy' that a guy taught me once here at ET Pretty similar than the first one but it takes more signals, trades. The 5min is tough to get something to work. It usually works better within RTH than ETH I think one problem is to always be into a position. Either long or short.
I called it the SML @SimpleMeLike strategy 'stare and click' But it's only an approximation. Buy when HK closes green and sell when HK closes red.
Because I look at the charts and I don't understand how you are generating buy sell signals because the chart doesn't really show anything. It's just not how I would be trading. If you still want my help I'm willing to provide some advice. But I don't really know what you're doing to say anything.
It's mostly based on market structure (Highs and Lows) Then draw Support and Resistance and Buy Breakouts.
Breakouts works best if the market is trending. Does your system have criteria to identify if the market is trending? But the 2nd problem you'll face is by the time you can see a trend it most likely near the end. So you buy breakouts but need to be aware that late breakouts have high failure rates and you need to be tight on your stops.