Table of Contents
Your current step-by-step process has both advantages and disadvantages to consider:
Advantages
Strategy diversity: Creating 20 strategies allows for greater trading diversity, increasing the chance of finding effective strategies in different market conditions.
Comprehensive testing: Backtesting with multiple currency pairs and different timeframes provides a comprehensive view of the strategy’s performance in various conditions, making the results more reliable.
Monte Carlo and Walk-Forward Testing: Increases confidence in the robustness of the strategy, as these tests simulate unexpected situations and market fluctuations.
Disadvantages
Time-consuming: Complex steps like backtesting and parameter adjustments for each strategy require significant processing time, which may hinder strategy development and improvement within limited time.
High resource consumption: Testing multiple iterations and multiple timeframes requires high computer resources, potentially causing delays on lower-performance machines.
Complexity of the process: The diverse and complex steps can make result analysis challenging and may increase the possibility of errors during processing.
Evaluation
Positive results if you can efficiently manage processing time and resources, and the results from comprehensive testing can be used to improve strategy effectiveness.
Negative aspects if the long processing time and high resource requirements prevent you from making timely improvements or developing, or causing the strategy to be delayed in responding to changing market conditions.
You can assess which steps take too long and consider reducing or simplifying those steps to improve overall efficiency.
