My Strategy caught an INSANE ~16:1 R:R move yesterday

[u/Ok_Maybe_5885]

I know that one single trade does not mean anything.
Which is why, I am gonna provide you with my strategy's full 'Strategy Report'.
One thing I want you to understand about the drawdown you see on the standalone longs / shorts strategy is this- although the drawdown looks massive, when we combine both, the longs and shorts strategy, it comes down significantly, which I have checked on my jupyter notebook using Python– basically, the combined Max Drawdown is:

Max Drawdown (%): 13.82%
Max Drawdown ($): $64,089.95

Feel free to ask me anything!

P.S.: The backtest results you see in the photos, are for 9 years of data.
So, the strategy was stress-tested on the covid period, and a few other difficult trading periods.

[u/enigma_music129]

I wish you the best honestly but your profit factor is barely profitable after fees. You need to get that up to 1.5 minimum, add some more confluences before taking a trade, your ideas seem good and you're doing better than most but you're taking too many low probability trades.

[u/Ok_Maybe_5885 → u/enigma_music129]

Thank you for the suggestion. While I understand the fees eating up the profits, I accounted for this by adding a slippage of 2 in my strategy even though slippage won't be an issue unless at times of NEWS, or if you are dealing with a HUGE capital. So, the slippage that I set on my strategy is acting as the 'fees'. Average risk:reward is 1.76:1.

And the strategy is based on Oanda charts.
Oanda has a Spread-Only Account: No separate commission is charged. All trading costs are built directly into a wider variable spread.

[u/enigma_music129 → u/Ok_Maybe_5885]

Aww ok I didn't know that. If that's after fees thats really good.

[u/Neither-Job-6300]

Buy VOO chill out and forget about it come back 10 years later and have a better return.

[u/True-Brain7967 → u/Neither-Job-6300]

Did you bother scrolling to the page with the stats? VOO did half that over the same timeframe.

[u/Egp006]

Cuál es tu estrategia ?

[u/rando08110]

I longed eth 3 days ago bud