Three’s Company, One’s a Loser

Three’s Company, One’s a Loser

Oct. 20, 2023

Subscribe to my YouTube Channel HERE.

 

This week we’ve learned that having three indicators potentially taking a trade is better than having just one indicator taking a trade.

At least, we think we’ve learned that.

Sometimes data doesn’t always say what we think it says. For example, people think an octopus can predict sporting events just because data hints at it.

So, we need to check.

For reference, here’s our 1-Hour Master Trend system that enters on Bollinger Band™, RSI, and Stochastics breaks in 2023:

Trading 1 lot each time, trading all three hypothetically makes about $7,800 on the GBPJPY this year.

Now, what if we keep all the settings the same, but only activate the Bollinger Band™ portion of the robot. Here’s how that did in 2023:

It made significantly less. How about just RSI?

Again, significantly less. And Stochastics?

It’s horrible! Just using Stochastics is deeply negative.

But if we again use all three together and go back a decade to January 2013, here’s what we get on the GBPJPY only:

What are the takeaways?

One, after seeing the bad Stochastics report, we could possibly just use Bands and RSI together.

Two, multiple signals seem to give us more opportunity to make more profit.

Even in an odd year like 2023.

Talk soon.

Join the free Newsletter list here .

 

Get Robot information HERE.
Visit my Performance Page HERE.
Buy my new book HERE.
The Inevitability of Becoming Rich
is HERE.
My latest YouTube video is HERE.

 

Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.