So ya,, the bot is running.. it took two trades in the last three days for a total of 40 pips..
Which is not bad but TOO early to judge it..
As extensive testing showed that i cannot rely on backtesting for anything.. it just messes up the trades.. and this strategy still proves profitable in manual trading..
While studying other pairs.. i have found that GBP/JPY showed much potential using the regular setup, however due to the volatility of the pair.. reversing can happen quite earlier than TP level.. and since anything less that 1:1 is not my game i would not risk it..
So.. i adapted a new calculation.. and converted one great indicator to calgo.. and this is the "Potential" Setup.. i have been plotting signals and TPs on the chart the whole night while the market is moving "just to make sure no repaints occur" .. till few minutes ago.. and decided to share with you what i have got
Over 530 pips in one night!!!!!!!
It's too dreamy i know.. but this method took crazy eyeballing till i grabbed it..
It is so intense that it captured almost every single swing today!
Blue lines are Buys, Purpules are Sells.. Connected Green line is enter buy, Dotted Green is exit buy.. Connected Red is enter sell.. Dotted red is exit sell!
Also may start live testing it soon.. but manually .. as you can see the risk/reward ratio is very compelling..
The indicator is still messy and extremely CPU intensive.. To give you a prespective, it requires 3days+ of testing only 4 variables, on M5 open bars "not tick data", while using almost 80% of my i7 8 cores processor to backtest the last two months , so once i stabilize it i'll share it with you guys, it is based on the modified inverse fisher transform formula if you are in a rush and can do it yourself.. so it''s a non lagging mostly.. here is the link i used for the full calculations: TRADERS’ TIPS - October 2010