Buy at opening candle range breakoutlong

Resultados de Backtest @ PLTR • 15 Minutes

The backtest shows some promising characteristics, but I have concerns about the real-world applicability. Let me explain why.

The strategy shows good risk metrics with a Sharpe of 2.35 and relatively low correlation to the underlying asset (0.42). The win rate of 56% combined with a positive R/R ratio of 1.39 gives mathematical edge. What I particularly like is the win rate leeway - being 55.58% above the minimal required win rate suggests robustness. However, the market exposure of only 33% while the buy & hold return was 846.9% indicates we might be missing significant moves.

The concern I have is about the average holding time of 15.2 candles on 15-minute timeframe. This means average trade duration is less than 4 hours. With 0.7 trades per day, transaction costs and slippage could eat into the theoretical 124.3% profit significantly. Also the max drawdown of -14.3% seems a bit high for such short-term strategy. I would suggest to backtest this with realistic commission structure and maybe implement some additional filters to reduce the drawdown.

Madre mia, this strategy is like a bicycle trying to chase a rocket ship! The Buy & Hold profit of 846.9% absolutely destroys your strategy's measly 124.3%. You're basically paying commisions to underperform dramatically.

Look, the win rate of 56% isn't terrible, and the Risk/Reward of 1.39 is acceptable. But why bother when simply holding the asset would have made you 7 times more money? The market exposure of 33% shows you're missing most of the major moves while trying to be clever with your entry/exit rules.

The only thing that looks decent here is the risk metrics - your max drawdown of -14.3% compared to asset's -46.5% shows good risk management. But honestly, who cares about managing risk when you're leaving so much money on the table? It's like wearing knee pads while missing the Olympic gold medal.

This estrategy needs a complete overhaul. Either find a way to increase your market exposure significantly, or admit that your opening range breakout approach is just not suited for this particular asset. PLTR clearly has strong directional moves that you're missing by being too cute with your trading rules.