I was messing around with Trading View to find the best potential trades for the next trading day. I came across from this interesting strategy called Machine Learning: kNN-based strategy and an indicator called Smoothed Moving Average. I experimented with Apple and SPY today and it showed a win rate of 88% with Apple and SPY with a win rated of 83%. Have any of you guys had the same success with the indicator and strategy? Does this apply to the next trading day? I am skeptical about it but would like to hear your views on this before I take action on Monday.
Not a strat trader so can't comment beyond saying ... check out their Anchored VWAP indicator (I use settings of 0.618 / 1.0 / 1.618 for the bands). Here it is applied to Apple yesterday showing repeated buys could have been made on lowest level 1.618 during a choppy messy day! AVWAP is started on swing lows after IB initial balance. Note you add additional AVWAP's to same chart. Starting one from 9:30am opening bell lines up similar to the one above, which increases probability of a successful trade if properly managed after entry.
I assume that is directed to me (?) but I have no idea what you are referring to? Indicator has a win rate% showing? Never saw such a thing ... ever.
How exactly is the winrate calculated? (You should be skeptical.) For example... If price increased even 1 cent then drops a dollar that's prolly a winrate in their books. Winrate is not important btw! The only thing that truly matters is that your winners are much bigger than your losers.
Found all these trades on Trading View: NVDA win rate= 83% TSLA win rate= 82% Microsoft win rate= 83% Apple= 82%
"Warning: Signals ARE repainting." https://www.tradingview.com/script/GpcT4M6T-Machine-Learning-kNN-based-Strategy/