Is this strategy Worth trading?
I have developed this strategy for eur/usd, and backtested it using amibroker. I got the following results Which I have attached along with this thread. But the ulcer index is too high , maybe it is because of 1:20 times levelrage which i m taking in the strategy. I wanted the valueable feedback from this forum. It will be of great help if u give me ur insights as to wether I shud trade using this strategy or not.
Highlights of the strategy
Initial capital 25000.00
Ending capital 41993.61
Net Profit 16993.61
Net Profit % 67.97 %
Ulcer index 8.38
CAR/MaxDD 2.29
Profit factor 1.10
Standard error 2379
No of trades 2150
The rest of the statistics are in the word document. TIme frame I have chosen is 5mins, On higher time frames, the results r better but the anual ROI is less. Kindly advice.
