I was becktesting this morning before sleeping. Results were poor and I went on a losing streak.
I have gone over and re-read my trading plan to see what I am doing wrong. Currently I am taking the time to sit down and analyse what is going on. I think that I have been taking too many trades that dont fully fit with my initial system and have been forcing trades because I don't want to be sitting out of the market while the pairs I was looking at were providing no real opportunity. I do not think this would be an issue in the live markets as there would be significantly more pairs to look at, but during backtesting it has been tough.
Strongly Trending markets are piss poor for this strategy to enter mid way, although entering before the trend begins is great. (my current vibe)
I am going to restart my backtest and choose different pairs this time. I had too many correlated pairs.
Its time I go back to the beginning of when I started backtesting and start testing that same way as it seems to have given me the most amount of success.
Would love some feedback. I am working at this to make a successful strategy