If you are pointing your finger at me, I accept. Don't point your finger at everyone here. They are not failing, most are good successful traders.
Individuals given a new job are often given some period of apprenticeship or supervised activity during which they are supposed to acquire an acceptable level of reliable performance. Thereafter individuals are expected to give their best performance in work activities and hence individuals rely on previously well-entrenched methods rather than exploring alternative methods with unknown reliability. The costs of mistakes or failures to meet deadlines are generally great, which discourages learning and acquisition of new and possibly better methods during the time of work. For example, highly experienced users of computer software applications are found to use a small set of commands, thus avoiding the learning of a larger set of more efficient commands. Testing ideas is a function of the (trading)job. In most cases of back-testing there is minimal learning. Why? Because usually, backtest sets out to prove an "alternative hypothesis" instead of proving a "null hypothesis". It's all how you look it. Almost everything works to some degree in trading. Really. The fact an outcome does not meet YOUR expectation is the problem. Meanwhile, you have proven an alternative hypothesis. Now reverse it... Nothing in trading works. And go about trying to prove that. That's the null hypothesis. A single period of back test profitability proves the null (nothing works) is FALSE! That's an opportunity to build on! It's a mindset. Good trades to all. I'll end with quotes from the "doubled my (small) account" link given earlier... It's a real a-ha for the OP!!
That's a great quote. Another good one. It makes a lot of sense. But unless you've been doing this for a while, it'll likely just fly over your head.
That's been MY problem around here for a while now. People would rather argue over stupid shit like what timeframe or how many trades you make in day and turn focus to "you should have done x"... while they unsuccessfully pick a top or bottom, or poo-poo a specific tool because they don't know how to use it. And then want to argue when it's explained! I pretty much gave up on talking trading directly.... it's all about discipline and execution anyway. Discipline is a personal trait I can't teach, not through posts anyway. So that leaves me only with nuggets that fly over the heads of the many. The few already know that the grail is... wait for it... there is no grail. And it takes deliberate time and effort to cognitively progress in trading.
You are correct. I had done many backtesting using TA and often achieved returns similar to what @VSTscalper showed but produced only losses going live. @VSTscalper's data presented in this thread looked suspiciously similar to my failed backtest data. That was why my questions to him. Now you agree back test data are useless?
I have mentioned it before - I DO NOT - Backtest - so the results I show - are NOT BACKTESTED. I went thru the Backtesting stage - long ago - with very mixed results - and personally - I think Backtesting is mostly BullShit. So - I do agree with you. Say I want to go for 5 Ticks - 20 Ticks - 369 Ticks - I just put in the number - my Stop - then the Algo takes care of the rest - Win or Lose. And it does LOSE at times and sometimes - multiple times in a row. Take a look at this snapshot. See where it says - "Maximum number of Bars study will reference". It says "1" - so it may look like that is not possible - but it works. My Algos are far from perfect - they do have Losses. I am sure - someone will say - "he faked this" - put "1" in there - took the picture - and you all have a right to feel that way - but seeing is believing - nothing to hide here. I am done typing for now - you should be relieved - I am NOT rambling on - like I usually do - LOL. Have a great day trading - to all.
im confused... is this snapshot from your algo inputs or from multicharts strategy settings.. looks like strategy settings. thanks toucan
If you do not back test, then what is the purpose of posting your strategy performance results? What is the difference between the backtest and a performance report?
@VSTscalper, It was a trick statement I made. With this statement you have just given yourself away as a classic scammer. Because when your ACV system doesn't work after I pay you for the privilege to use it, you cannot say that it is backtest results. Sim, almost always tracks live results. Since this is my thread, I feel an obligation to look into your claims more carefully. It appears, this is your modus operandi: Guys, why don't you come to my Zoom session for free and observed my wonderful very profitable system. All for free, no obligations. Oh and by the way I have a morning session with paying clients where they trade my system with my guidance. The implication is if you are impressed, you can become a client and make some money. So I search ET posts and read some of your prior posts, starting from 2006 through today. You use a system showing real time ACV. Neither Google nor chatGPT know what ACV is. From your posts, I gathered, it works as a technical indicator related to DOM and order mismatch. You use it for entering & exiting a trade and have been touting it for 17 years. I also know DOM and order mismatch doesn't work very well as an indicator. To show you how outlandish your claims are: Your Sim system has a monthly return of 1712%. So my $1000 invested today will compound into $25,058,348,486.68 in 24 months! With such outsize return, how come you have so many unhappy clients? And with such returns, why do you still have clients after 16 years. If I were you I would be living in a castle somewhere in Europe or in my own Caribbean island. To hell with clients. Jim Simons, the best all time trader, only managed a 60% annual return. I wish he comes to ET and invite me to a free Zoom session. Almost all real time Sim will closely track actual live results, of course with some degradations due to slippages. The slippages for ES, etc. are usually 1 tick coming and going. You said you used 5-25 ticks range. Your system's live result should be at worst half that of your Sim results. Even if it is 1/10 as good, with $1000 turns into $2,505,834,848,67 within two years you are a billionaire. This whole thing doesn't pass my smell test. I hope I am wrong and welcome your rebuttal because you seemed like such a nice guy.