I need you guys to have a look at this script and tell me why it is so profitable in the last 20 years or what i have missed . I can't seem to see anything wrong with it but i'm sure it can't be that easy .
PS. This is my first script here so go easy on me i just seems too simple to be correct.
I notice that average bars in each trade is ONE. I believe when backtesting it is assumed that price moved from bar open to bar close direction only, whereas in real-time that may not have been the case. imho, that is the reason that it looks profitable. Go for strategies which do not have entry/exit on the same bar.
regards,
pjay
trig888
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@pjay, Thanks for the comment pjay, the reason for the average bar being one trade is because the strategy opens on the open and closes the following day which is one bar on the chart. The backtest does take into account intraday trading otherwise the SL and TP would not execute . if you zoom into the bars you can see where the SL or TP has been executed. Thanks again.
trig888
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@trig888, If you look you will see a TP executing on a bar which is red which means that even though the price went down overall for the day the Take profit order was filled when the price rose above the open price, which would suggest that the backtest took into account price movement. Hopefully i am explaining my thought process okay. And if anyone has any other thoughts or am i totally wrong in what i am saying please free to comment.
regards,
pjay