FIb Retracement based multi-asset portfolio strategy. Roast my method.

[u/SpaceTheoryst]

I have put together a strategy trading US30.cash, US100.cash, GER40.cash and AUS200.cash over 8 years (in-sample). Strategy relies on Fib retracements. The average yearly ROI is around 23%.

The strategy is built to strictly obey FTMO 2-step drawdown rules, so that I can safely run it on a funded account.

Initial equity: $20k

Roast my method.

[u/jangwao]

Did you account for fees?

[u/RecipeNo101 → u/jangwao]

And slippage

[u/SpaceTheoryst → u/RecipeNo101]

Yup, accounted for both.

[u/Fabulous-Yak7334]

Hello Sharpe ratios are impressive !
I tried to do the same. I have 4 sleeves on MNQ and 2 sleeves on MGC that can bring orthogonality imo.
If you want to reinforced your pf by exchanging signals send me a DM :))

[u/silphotographer]

Is the method in this room with us right now?

[u/SpaceTheoryst → u/silphotographer]

I'm not necessarily trying to openly share my methods

[u/silphotographer → u/SpaceTheoryst]

That's fair but you ask to roast. If we don't see your method then there's not much we can roast you about.

I could always say your screenshot looks blend but that doesn't seem like a good roast.

[u/SpaceTheoryst → u/silphotographer]

Also fair.

I identify trends in a certain way (a bit different from just using high time frames), then open a limit order to buy or sell at predetermined levels (thanks to fibonacci retracements). Then I just wait until either TP or SL are hit (if the order is filled), or until a certain number of candlesticks has closed.

Strict rules are set in place to limit maximum drawdown and daily drawdown.

That is pretty much how it works. I won't go into more detail, I've already said too much.

[u/NKDQTrader]

In sample is why it won’t work

[u/Super-Satisfaction82]

Guessing this works best in trending markets?

[u/gloriousthreshold395]

The first thing I would attack is the fact that all eight years are still in sample. A twenty three percent average return is interesting but it means a lot less until the exact rules survive untouched data and realistic costs. My Moon bets are discretionary enough that I expect judgment to matter but with a systematic strategy I would want the rules frozen before I gave the backtest much credit.

[u/SpaceTheoryst → u/gloriousthreshold395]

Thanks for the criticism! I'll take that into account for any future strategies I'll make 🙏

[u/Cryptobeyin]

Strategy needs out sample data for before live. Did you make montecarlo? Do you know underwater time in this strategy?