The truth is that this forum sucks! I noticed when someone comes on here with anything not related to a "sponsor" they get attacked by lonely meat beating retards. I'm starting to think that at least 80% of you so called forum members are paid to post. Actually I remember reading something about that at another forum. So yeah, it doesn't matter what you assclowns think.
I just looked at the first chart. You traded 50 times in 4 years. Once a month. Time frame matters a bit. Number of data points matters more for statistical significance. 22 average. Once a month trade isn't going to excit anyone. Win percentage is meaningless on that few trades.
On that test I was only using 2 levels for signals. I'm adding 6 more so that should ramp up the volume a little. All though, I don't plan on using all 6 unless I turn it into a swing trading system. I'm just a little putback because you'd think people on this forum would have a level of class to them but they don't. I didn't even expose the inner workings of this system and I got trolls talking trash about it. On top of the criticism from people who don't trade Spot Forex, just blows my mind. I think I'll take my strategy to a forum built for actual forex traders.
Sorry you feel that way. They might have been harsh but there are legit criticisms to your strategy. Are the 6 levels uncorrelated to you current levels? If not that would just be the same as increasing size. In all honesty it doesn't look promising to me. Maybe try on other contracts to increase frequency? Make sure everything you are doing is out sample.
This forum is like the market: it's trying to fuck you over constantly, but if you make it through, you know you have something. I've done a few live discretionary calls on this forum that (if anyone followed with leverage) would have made a nice return. I don't like discretionary trading though so I only do it if I'm bored. So my advice is to listen to what people are saying and see if there is anything you can learn. And from what I can tell, they're asking you to provide proof. That shouldn't be controversial.
OP, abnormally high winning pcts have abnormally high losing trades relative to the avg gain. That's just the way the math of the markets work. Sooner or later, probably later in your case, you'll come to the final realization that, in the long-term, the avg win/loss ratio ALWAYS has an inverse relationship to the avg gain. If that confuses you, upsets you to resort to more name-calling, give it time. You'll eventually understand.
From my research I found that Sharpe Ratio more so applies to stocks and mutual funds. It's the comparison of 2 or more diversified portfolios. Also, I'm in the act of live testing so that will be what I post next if the results look promising. I've trading forex manually for some time. Including Nadex options and have made an income from both. I'm just saying, don't think I'm so scammer or a noob because my strategy isn't what you would do. I know for sure that the calculations I'm using show results. I don't really need advice from Futures traders, stock traders or anyone else who doesn't trade spot fx.
No it isn't. Unless you are referring to the risk free rate, which in the current environment can be set to zero for most purposes. It is a statistical property of any sequence of returns. Arguably high Sharpe is even nicer in FX since you have access to huge leverage and can amplify returns further on a high Sharpe strategy.
So what I did was, instead of using data from a demo account or historical data, im now using live market data for backtesting. I know this data is accurate because I personally use it when manual trade cross platform TV/MT4 through Forex.com. I'll post the results later. Sharpe is around 1.65