Khalel.Fx

First loss of 2024, after a win olats agad!!

The good thing about it is, this loss is according to how I want to manage the trade both risk and strategy wise.

I lost 60 USD but I gained 180 USD which is still good because I did not return all the profits sa market.

Kung baga business expense lang siya...

Wabi Updates

First trade of 2024 and on the challenge!

So far so good! Currently up by 3.01% on capital and looking forward for further good performance in next few days...

Everything is according to plan and according to how we designed it, well at least for the moment hahahaha! Sana mag tuloy-tuloy, however I am open for optimization and improvements...

🥂

WABI-SABI Final Test!!

Looking good! Time to try it...

And we’re back at it again!

Re-optimizing previously made EAs to see if may ma-improve pa before final na isalang!

Goals are all set as well, system nalang kulang 🫶🏻 let’s go 2024!!

Work in progress…

By far the best stats after I re-optimized the previously tested strategy. Similar strategy but different server.

Looking forward to changing some indictors on the base strategy to find out if can still improve.

Note:
All of these test that I am documenting are for the purpose of prop firm which ex*****on starts next month.

Major changes, currently I re-optimized the strategy due to different broker ang gamit, I’ll be backtesting and optimizing the statistics again to fit on the broker.

Note: the image is not the final optimization stats

Quant Trading at its finest 💖

MINIMUM PLANNED STATS ACHIEVED!!!

This is a big progress sa 2nd strategy natin because we are able to achieve the planned stats or requirements of the strategy. The only steps we have to take is to double check its validity, further optimization, and test on live.

Let's gooooooo 2023! See you 2024! 👀💖

Just because you don’t understand something doesn’t mean it’s automatically a scam. A lot of times it comes down to not understanding how the game works.

Surprisingly , UNO has the best potential to pass the firm. I would use this for the application but will continue to the progress on WABI SABI EA.

Working on it!!!

Biggest project this and upcoming year

I don't know where I heard this but, this is one of the things I learned along my journey. More doesn't necessarily mean better, this goes to other aspects of trading. Say, higher risk doesn't necessarily mean better and faster equity growth.

"The best way to take down a big goal is to cut it down into small achievable wins"

For our pre-planning on the statistics that the EA must attain for us to be able to pass the challenge, I conducted an analysis of the Firm's background for me to ensure its reliability and legality in the market, meron kasing prop firm na well establish tapos biglang nag-sara dahil sa regulations nung country where the firm operates.

To simplify the numbers on the images, the goal is to:
📍 2 trades per day
📍 Trading for 4 Days per week
📍 Risking 0.5% of the initial capital
📍 1:3 risk to reward ratio
📍 At 50% Win Ratio
📍 To achieve profit target within 10 days

Strategies and other adjustments are not in place yet, but we'll get there soon! For now the goal is to know the numbers that we want our strategy to perform, create the EA, collect data, improve, and then deploy once satisfied.

“Bakit next year pa kung pwede namang simulan na”

Huling hirit bago matapos ang 2023 at maaga g ex*****on bago ang 2024!

This project is important to me because this opens all the doors of opportunity para ma-build ko ang funds ko which is key to all other goals.

Hoping na maging successful ang ex*****ons, pero kung hindi man, then I’ll try again until makuha natin! 🥂

2023 is about to end, let’s finish strong 💪

“𝖀𝕹𝕺”
Final Testing

✅ 49.33% Win Ratio with +2R
✅ 8.75% DrawDowns
✅ 0.00% Z-Score
✅Tested at 11 Months data
✅ Filtered 75 Trades
✅ 7.69 Sharp Ratio
✅ Max Consecutive Wins of 3 and Loses of 4
✅ + 643.57 Profits per trade and -288.56 average Lose per trade

Features of the EA are:
📌 Dynamic Lot size
📌 Break even compatible
📌 3 Option Break even of your choice and preferences
📌 Easy to optimize and improve
📌 2 separate indicators for buy and for sell parameters, BUY: uses PSAR as bias with Stochastics as Trigger, SELL: uses PSAR as bias and MACD as Trigger

Overall Performance:

The EA is overall great! It is also profitable with good distribution of Losses and Wins. Although the high risk feature of the EA is not compatible with Prop Firm Challenges due to Drawdown regulations but I also re-optimized it dynamic lot settings so the EA can perfrom lots based on balance or fixed lot system.

The fixed lot settings is also good and profitable but personally I’m not satisfied with it, I know I cam lower its risk to 4 percent max.

Strategy wise, very simple cross lang yan like Buy if Price is above PSAR and if the Stochastic cross with signal line and above the optimized Midline.

BUT THE MAIN QUESTION IS, did we achieved the main goal of this project?

A BIIIIIIIIIG YES! Cheers 🥂

the universe always answer a question in your mind, you just have to be open to see it. Perfect timing for my current situation.

☝️

𝖀𝕹𝕺 is the first EA that I would hopefully deploy and use for prop firm trading 🤞

Look up. ☝️🙏

''𝖀𝕹𝕺'' Updates

Profit Optimization for Option two (the use of Ichimoku, Kijunsen, as bias tool), turns out that the indicator is good but the the use of PSAR showcase better performance.

PSAR has the following advantage:
- Win Ratio
- Profit
- Z-Score
- Higher Profit Factor and Recovery Factor

Lesson:
''Do not conduct a decision without the basis of data. Using data to decide a decision will lessen you a lot of troubles and will save you from the question of ''why did this happen to me?''

Trading is not, and will never be, an overnight accumulation of wealth.

It’s a continuous accumulation of experiences and trial and error.

''𝖀𝕹𝕺" - updates
This is by far the best settings of the MACD x PSAR combination with optimized stop-loss, RR, and lot size.

You can see that the win ratio did changed and not 60% anymore, but upon this test, the objective already is to ''maximize'' profits rather than focusing on win ratio.

The test also had increased in number of trades but I don't see that as negative because the win ratio did not changed much. I'd be worry about it if the win ratio shifted from 60% to 40% or 30% with increase in number of trades.

LESSON:
"'Filter out the losses, maximize the wins"

Creation of "𝔘𝔑𝔒" - Updates

The current progress of the 𝔘𝔑𝔒 had increase WR to 58% which is amazing! We would try to further refine this performance and try to add some drawdown controls and other risk management approach.

The additional filter for this EA is the use of different Bias filter, giving us an option to choose if to use PSAR as bias indicator or Kijunsen or the mix of the two.

The data gathering will focus on the optimization of those 3 options for Bias first will keeping constant on indicator of MACD for the entry.

𝐂𝐚𝐬𝐞 𝐒𝐭𝐮𝐝𝐲 - Documented Creation of "𝖀𝕹𝕺"

Below showcase the same indicator (PSAR or Parabolic SAR), This indicator will be use for identifying the bias of the market, 𝗗𝗮𝘁𝗮 𝗦𝗲𝘁 𝗧𝘄𝗼 showcase default settings of the indicator and its results. 𝗗𝗮𝘁𝗮 𝗦𝗲𝘁 𝗢𝗻𝗲 showcase the optimized version of the same indicator.

𝗡𝗼𝘁𝗲, 𝗯𝗶𝗮𝘀 𝗽𝗮𝗹𝗮𝗻𝗴 𝘆𝗮𝗻, we'll still add entry strategy and filters for this EA. A lot of changes can still happen, but the performance of the bias is already promising.

𝐌𝐨𝐫𝐞 𝐝𝐨𝐞𝐬𝐧’𝐭 𝐧𝐞𝐜𝐞𝐬𝐬𝐚𝐫𝐢𝐥𝐲 𝐦𝐞𝐚𝐧 𝐛𝐞𝐭𝐭𝐞𝐫 🤔

The statistics below showcase two Variations of one EA. 𝐃𝐚𝐭𝐚 𝐒𝐞𝐭 1 has added Triggers (Momentum Indicator) while the 𝐃𝐚𝐭𝐚 𝐒𝐞𝐭 2 has no added trigger (Momentum indicator) 📀

I tried optimizing the indicator but still 𝒕𝒉𝒆 𝒑𝒆𝒓𝒇𝒐𝒓𝒎𝒂𝒏𝒄𝒆 𝒊𝒔𝒏’𝒕 𝒘𝒉𝒂𝒕 𝑰 𝒆𝒙𝒑𝒆𝒄𝒕 𝒊𝒕 𝒕𝒐 𝒃𝒆.

Win Rate wise:
- 𝐃𝐚𝐭𝐚 𝐒𝐞𝐭 1 seems to perform at a very low win ratio yet still profitable with 1,275 net profit.

- 𝐃𝐚𝐭𝐚 𝐒𝐞𝐭 2, on the other hand, showcase promising performance with 44.44% WR and 7,689 net profit.

𝐓𝐇𝐄 𝐋𝐄𝐒𝐒𝐎𝐍? ✍🏻
“ its not about the complexity of the strategy that matters, hindi porket maganda tignan or di kaya maganda in concept e automatically will translate to better performance. 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗧𝗲𝘀𝘁𝗶𝗻𝗴 combined with 𝗢𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 is key to building effective strategy that is balanced and profitable”

What a lesson from just a trial EA

𝙉𝙤𝙩𝙚: 𝙩𝙝𝙞𝙨 𝙞𝙨 𝙩𝙝𝙚 𝙨𝙖𝙢𝙚 𝙀𝘼 𝙤𝙣 𝙩𝙝𝙚 𝙫𝙞𝙙𝙚𝙤 𝙄 𝙢𝙖𝙙𝙚 𝙡𝙖𝙨𝙩 𝙩𝙞𝙢𝙚 𝙤𝙣 𝙢𝙮 𝙩𝙧𝙞𝙖𝙡 𝙀𝘼