MT5 - BTCUSD Optimisation - Any ideas where to start with the settings?
Hello,
Just wondering if anyone has any ideas where to start with settings for crypto?
MT version:
EA version:
Symbol:
BTCUSD
TimeFrame:
5 minutes
Hi All,
From playing around the last few days, I have found the following methodology helpful. I would just keep everything at default
1. Optimise the oscillator signal for oscillator 1
I first start off with the standard setup of BTCUSD on M5 for the current year to date with backtesting in mind. I have just stuck with complete optimisation as I sometimes get strange results with the fast one on a deposit of 1000. I will firstly optimise the type, indicator and time frame. I will produce the optimisation table and select the one with the best outcomes in terms of drawdown, profit, number of trades etc. I will run single tests on different options to look at their individual characteristics like % trades won and time in that position.
To further improve on this, I will then also level up and level dn and run an optimisation on them also.
2. I will then repeat this for the 2nd oscillator/indicator and volatility indicator.
3. Basic Risk Management settings.
After I had selected the best settings for the above 3 indicators, I would then run optimisations on the stoploss pts, global stoploss
4. Profit settings - run complete optimisations on the take profit settings on points.
Going for a brute force approach here as you can see. Thing is, using a laptop on overnight or other computer when you wake up the results are there in the morning.