Are you sure your given values for take-profit, stop-loss and indicators parameters are giving you the best results? Do you manually check various take-profit and stop-loss to get optimal strategy? Uff !! too much work !
Let's start by understanding what is optimisation?
According to Investopedia "Optimization is the process of making a trading system more effective by adjusting the variables used for technical analysis"
According to Tradestation "Strategy optimization is the process of testing a range of strategy input values to find the combination that gives the best results based on historical data using a specified fitness function. Optimization is used to enhance a trading idea, it cannot be used to develop one"
In simple words make your strategy better.
Now let's see how does it work?
Optimization, in order to work, requires that systems constantly adjust to hit a moving target. From changing the quantity of periods used in moving averages to just simply taking out what does works. It requires multiple iteration to identify best parameter.
Question is how to do it? Manually !!
Let's machine work for you. With KEEV, simplifying algorithm trading platform you can run 100's of iteration within a min to know best parameter for your strategy. Our optimisation engine helps you to alter stop-loss and take-profit on multiple combination to get you optimise result. Read more to on how to run optimisation.
Keep Trading !!