So I test the formula again for the past 24 hours
Instead of earning profit for me from 30th to 31st August, this formula now is losing me money if I would have traded from 31st August to 1st Sep.
So was it just pure luck ?
- Moving Average with those big parameters are meant to catch big trend change and indeed that was what it did exactly. When market goes smaller side trend, it starts to trade too late and caused loses.
- So each formula is good at certain condition and until today, there isn't one formula that can cater for all situations
- The so called world champion strategy has about 48% success rate when left running over a long period of time.
- But The good thing is now we can test our strategies before we actually enter market.