Topic: 2 weeks forward testing, looking for ideas to improve the strategy!
I've been testing attached strategy for 2 weeks in demo account (Alpari-UK) and I am having some issues that maybe we can work together and improve it.
The test is done on EURUSD 1M.
Back-testing gives some very nice results, but a forward test for 2 weeks gave me only 200 pips profit.
I am not saying is bad, but what I'd like to improve is the exit strategy. Many trades goes in profit, but RSI doesn't cross the level line (sometimes for a few days) and often profitable trades retrace to minus and I have to wait for 1-2 days until trade is closed. On back-testing I don't see it. Last week I had a trade that went 115 pips in profit, RSI didn't cross the level line and trade went back to -100 pips. Recently it closed with -35, not a big deal but had to wait for almost 2 days.
I am going to try to optimize it for USD/JPY or GBP/JPY as this pairs have faster sideways movements and possibly it will work better.
Anyway I am open for suggestion how to improve it.
Stop loss is not a good idea. I think 100-120 pips DD is nothing with the right money management and right exit strategy.
Take profit maybe a good idea, but then we can lose some large moves as happened last week
PS. I do optimization every few days ))