Hi, new to trading and currently back testing Dark Venus on Gold for a 15min Chart.
I have managed to optimise the settings a bit and can sit with either 10.93 or 15.03 Profit Factor, depending which settings I am using. This is based on a $1000 account, back tested over a 6 month period, at 0.5% risk and lot size of 0.01. It works out at a 75-78% win rate on both short and long trades.
I cannot get the drawdown to reduce from the current 8.8% without halving the profit. But I think the DD rate is ok?
Also, any suggestions how to amend this to make it work on a 5min Chart for Gold to scalp?
The current settings on the 15min Chart are only executing approximately 1.5 trades per week.
Thanks