RE: I think I've built something INCREDIBLE!
Thank you for the support @starkerz. I appreciate you. I am not going to provide the source to the strategy. It has taken way too long to develope and create. Too much blood, sweat & tears. I hope you can understand.
I do wish I could auto optimize variables. I mean that would be awesome & fun. I would be fearful something like that would lead to curve fitting but I would love an AI program that could auto optimize to find the best take profit and stop levels. Most ideal time to move stop losses. I know with certainty I do not have the most optimal settings. But it is extremely profitable with extremely low risk.
Backtesting on MT4 is not ideal. With the ideal conditions (market data) metatrader 4 back tests are only 90% accurate. Which is way off. Again, back testing could also lead to curve fitting - so I never do it. However, this strategy is traded on the 8 hour time frame with orders updated every hour. This time frame does not come default on the platform making it impossible to back test if I wanted to. You are right, it is going to take some time to confirm that this is the holy grail, but I do think the closest to the holy grail we will ever come across. Thank you for your interest and being a part of this.
:) I back test, optimize and forward test with Ninja Trader. Its pretty damn good once you get the code correct. It certainly gets you past curve fitting. Would be good if you tested this on Ninja....
I was wondering first if you are for real.
90% accurate seem pretty darn good but the again I don't understand the context. I once did the Kaggle contest for the Titanic, just learning a tutorial. A model with 80-85% accuracy was very very good and more would just lead to overfitting.
Speaking of the Titanic reminds me of 1 in 60 rule in navigation. For each 1° off over a distance of 60 nautical miles (NM), it will result in 1 NM off course. Now imagine 10° off is 10 nautical miles. In Forex a 90% accuracy is not nearly sufficient for back testing. It is all about the forward test in real time.
OK, can't say I understood a 100% but say 90% ;) So I'll be following along then.
Hahahahahahaha