Frank Birch Veteran   Posts: 171 Joined: 3/25/2006 Location: UK  User Profile | After trading Forex & futures for many years in Real time you get to see some amazing things but its adding these ideas into a strategy is key! This week I've been testing an ultra cool feature in OT Pro called BarDayOfWeek() (inside the filter block and under TIME you can find it) Now the key features for this to work are as follows. 1/you need a minimum of 5 years of data (I use 60 minute time frame) to make this valid 2/you really do need a very good strategy or concept to then start with day of the week to trade. 3/this really sings if you have separate strategies for Longs & Shorts!! 4/it works better on individual symbols because not all go up!! Now once all these rules are in place there are 2 ways to test this. 1/ set the filter block up with the BarDayOfWeek() and run it on strategy wizard. 2/or has I have done today done individual strategies to show you guys how powerful this really is to improve any of your strategies. Now the formula is simple it reads BarDayOfWeek() = 1 (1 meaning Monday, 2=Tuesday 3=Wednesday 4=Thursday 5=Friday. This Test was done on the AUDUSD Long only, the Test Long (1) strategy trades every day (Monday > Friday) In the Attached performance report its clear to see that Wednesday is the best day of the week to trade this set up, but also shows you that Friday is an awful day to trade for this strategy. So by taking Friday out of the equation your performance report & equity curve will go through the roof!! Now why Friday is the worse day it shouldn't take long to find out why but it could be news???? So if you trade real time this little gem could leap frog your strategies no end!! Regards Frank Birch  Attached file : 15-Jan-23 12-03-10 Day of the Wekk.png (291KB - 159 downloads) |
