I don’t know. But I spend a lot of time trying to find reasons for my strategies not to perform. The nice thing about automation is that I have plenty of time to worry about improving the strategy development process as opposed to worrying about specific trades. There are a few ways I go about it none of them bullet proof: 1. The strategy has to work on baskets on random stocks, various stock universes 2. I try to minimize the number of variables and backtest on walk-forward out of sample rolling windows where I try not to pick any parameters 3. If I do optimization i look for consistent intervals and try not to pick the peaks so to speak. 4. I look for consistent results over various trading regimes. If you have any other suggestions I’d be glad to hear them.
What I find particularly helpful that helped me on my trading journey is to watch pro traders and do the same trades they're doing. Example here http://bit.ly/2oUJ5F4 You know what they say, who you hang around with is who you become. Or monkey see monkey do. That gave me an edge
I have been running multiple ones mostly EOD so the profit factor differs by strategy but it’s on average about 1.5. Why are you asking ?
The 1.5 mentioned in my previous post was mostly for mean reversion. For trending strategies I can get closer to 2.0. So maybe that bumps up the average a bit. I am sure strategies in other time frames have different profit factors. Anyone can share some numbers for intraday trades ? Again that’s all EOD stuff, taking in consideration survivorship bias and index constituents.
Cannot understand why peoplebother with forex and stocks-for excitement go buy a motorbike, for trading, use index options. Why put yourself in the bearpit when you can trade on the level playing field?
Promise not to seek excitement in stocks. They say motorbikes are more fun are way safer than stocks anyways. Seriously now. How do trading index options solve the anxiety problem ?