P&F strategies
-
Hello everyone.
I am new to P&F charts. I was impressed with the ease with which we can read the charts and the objectivity also. All going through several and tying to understand Double Top Buy, Triple Top Buy, Bullish Turtle Breakout and Double Bottom Sell, I tried to do a back test. I got AI to help me write a script (I dont know anything about coding).
Please see below results that I obatined. Totally underwhelming. The average P&L from these strategies is -ve. There are some big winners, and losers are contained, but still the result is not good. I have a feeling that something is not ok in the backtest. Any view of anyone who have done similar work?
P&F Pattern Backtest
Box size: 1% | Reversal: 3-box
Signals from: 2024-01-01
Signal filter: All (Fresh + CB)
Exit: DBS (structural O column breach)
Min turnover: ₹5 CrProcessed 200 stocks...
Processed 400 stocks...
Processed 600 stocks...
Processed 800 stocks...
Processed 1000 stocks...Processed 1107 stocks, 23801 total trades
Pattern Trades Win% Avg P&L Med P&L Avg Win Avg Loss Max Win Max Loss Avg Days
DTB 13272 32.7% -0.3% -5.8% 18.4% -9.4% 2918.8% -80.6% 39
TTB 2044 30.1% -0.8% -5.8% 18.2% -9.0% 530.2% -45.5% 40
Turtle 7359 36.8% 0.7% -3.9% 18.3% -9.5% 2200.0% -80.2% 42Open trades (no DBS exit yet): {'DTB': 583, 'Turtle': 418, 'TTB': 125}
Pattern <-20% -20/-10 -10/0 0/+10 +10/+20 >+20%
DTB 465 3081 5081 2308 1065 1272
TTB 69 467 837 351 132 188
Turtle 253 1679 2522 1480 646 779 -
@Definedge @@Definedge-Experts Any comments please.
-
Sir you can backtest there strategies on our platform (Rzone) and see the results.
-
@Karan Dattani Thank you for your response. I do not have access to RZone as it is a paid feature. That is why I had to do it using a Python programme on my database. However, can you please confirm if this is the type of result you see or have I made some mistake?
