This is a multi-timeframe strategy patched together during a sleepless night, sparked by sudden bursts of inspiration, hastily pieced together.
Initially, I anticipated its performance to be poor because typically, my initial drafts of strategies require adjustments for profitability or entail fixing logical errors.
Surprisingly, in a relaxed state, it turned out to be more efficient.
Although the profits are still not very high, they’re somewhat acceptable compared to previous strategies.
Strategy Description
Below are listed entry strategies and some parameter values I’ve set. I’ll begin by explaining the long (buy) assessment. This strategy is divided into two-stage assessments, provided for your reference.
- Use Moving Average (MA) to determine if it’s an uptrend.
- Use MACD to determine if a golden cross occurs above or below the zero line.
- Use the weekly chart to assess if the trend is bullish.
Backtesting Validation
Strategy Review
From the backtest data above, it’s noticeable that the number of trades remains quite low. Ha ha!
I found that multi-timeframe strategies seem to perform fairly well.
However, I feel the maximal drawdown is still on the higher side.
I’ll wait for further inspiration to gradually refine it.
If anyone needs the EA, feel free to message me.
I welcome everyone to exchange ideas together.