Valentino104

Dear All, I have been working on a strategy that looks for reversals in an uptrend off the daily chart, which i will call pullbacks. The strategy suits my trading style i think, and for sure i like these pullbacks much better than breakouts which i've also tried. Typically a hitrate of 35-40% is achieved, with a profit factor of 1.5-2.0 excluding transaction costs. Lately i have been trying to refine the strategy using the higher time frame, being the weekly. The idea is to use the weekly to find the strongest trends, which i will then zoom in using the daily to find pullbacks in the direction of the larger trend. In many articles it is taken as a fact that trading with the larger trend result in higher probability setups, but so far it has not yet worked for me. I've tried MA crossovers, RSI, Donchian channels (resistence/support) and some other indicators to find the strongest trends on the weekly, but to no avail. If i take a look at the charts and select those stocks that i consider to be in stronger weekly trends, it seems indeed that the pullback setup works better but i'm not able somehow to code it such that it results in higher hitrate or profit factor. Has anyone been looking into the same issue and made some progress? Basically it all boils down to the question how to define a strong trend i guess. Then it would be possible to skip those weaker trends and focus on the stronger trends, resulting in higher probability setups. Does anyone have some insight into which conditions when the pullback setup works better? Some general/conceptual ideas are also welcome, i could test it on what i have so far and report back so we can improve together. Thanks, Valentino