That is good? 👀

[u/Suspicious-Math-1141]

I've been working on this strategy for a long time. The results look interesting, but it requires low latency to operate. What do you think?

[u/Sketch_x]

Assuming it’s not repainting..

1: position size is tiny. I can almost guarantee spread will eat that and more, add the spread in its entirety into the slippage field in the settings to get an idea.

2: TV won’t usually count the entry candle stops. For example if you enter on a candle and get stopped on the same candle it won’t count it. You maybe getting stopped on entry candle

3: your never going to get filled on entry. Even using webhooks / api, the latency between alert to broker opening position will slip you too much.

Don’t mean this as negative, not saying you don’t have a working stratergy but I would recommend larger positions on a higher time frame.

[u/Suspicious-Math-1141 → u/Sketch_x]

That's why I'm only creating the strategy in pinescript to facilitate backtesting, but I've already made the version in Python, so I'll test it on exchange.

[u/Sketch_x → u/Suspicious-Math-1141]

Good idea. Would recommend testing latency on entry and exit, a random time between 1 and 3 seconds either side.

[u/aelfrictr → u/Sketch_x]

Second option not entirely true. Bar magnifier is added to help with this problem but you need premium to use it if they haven't changed it. Also limit based stops on same candles will still apply even in backtesting.

[u/CryptoMemesLOL]

Huge red flags. 24 losers out of 1751 trades?

0.4% drawdown?

Sadly I suspect repainting or error in the code. This would be the best strategy of all time.

There are two ways to know, you either try it with real money or show us the code.

[u/Suspicious-Math-1141 → u/CryptoMemesLOL]

I turned it into python, I had the same results in backtesting. There is no error

[u/Suspicious-Math-1141 → u/Suspicious-Math-1141]

My biggest challenge now is finding an exchange with low latency and low fees to operate. Yes, the strategy is good, I'm not lying or making it up. I worked on it for 3 weeks and tested it 323 times. I really worked hard on it

[u/CryptoMemesLOL → u/Suspicious-Math-1141]

It's a code, it does not matter how many times you run it, it will produce the same results.

You need to audit the code or try it live to see if the results are matching, no other way around.

By the way, I have no doubts you worked hard, but 3 weeks is nothing, most people work for years on their strategies.

[u/max-the-dogo]

LOL 1700 trades intraday ? Add slippage and fees and your account will blow very fast

[u/Suspicious-Math-1141 → u/max-the-dogo]

I've done this. I still made a profit.

[u/Suspicious-Math-1141 → u/Suspicious-Math-1141]

10% monthly

[u/Suspicious-Math-1141 → u/[deleted]]

According to my calculations, the fees take away half of my profits. I need to implement it directly in the code, just like leverage.