‘Whats the difference between a good joke and a bad joke the timing…’
OK, OK, I admit that’s a pretty crap joke, but in many areas of life timing can make a big difference to the outcome.
In the last few months I’ve been doing alot of automated strategy creation and advanced robustness testing (using some of the framework taught in the breakout masterclass).
I’ve cut the strategy creation and testing time down to just a fraction of what it would normally take me to do manually, and as a result I’ve been able to test a large number of trading strategies very quickly.
By analyzing the results I’ve come up with some interesting insights and one of those is around timeframes.
Common timeframes for intraday strategies are usually 15 mins, 30 mins, 60 minutes etc, but I’ve found there is one slightly ‘unusual’ or less common timeframe that is giving me much better results than all of the more common timeframes.
I’m not going to give away the secret here (although I am going to share these insights with breakout masterclass students in an upcoming coaching call, along with how I’ve automated the ENTIRE process from strategy creation right through to robustness and stress testing) however I think the key point here is to look out for areas of opportunity that other traders perhaps aren’t using so much.
If everybody is looking at the same markets, timeframes, indicators, patterns etc, you may find an edge by adjusting things slightly, trying something a little different like a timeframe that isn’t so common.
Give it a go and see, you may be surprised (and let me know if you find some interesting results)!
As expert Japanese swordsman Miyamoto Musashi said:
“You win battles by knowing the enemy’s timing, and using a timing which the enemy does not expect.”
16 February 2018