My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Scripts for Limit entry, Stop entry, Market entry 46 replies
Is random really random? 231 replies
Coin-Toss Trading Strategy 152 replies
coin toss entry question 24 replies
Disliked{quote} Wait...Enter...Wait...Exit... Wait...Enter...Wait...Exit... .... Wait is not included in your random coin flip.Ignored
DislikedTEB63, Why not simply use your current 20 RSI and 5 & 12 EMAs thread as the entry for all the trades and apply your RRR and MM methods to that setup? I realize this notion spoils the intent of this thread, but it may prove to be a nice enhancement to your other thread... Great trading! BC2Ignored
Disliked{quote} I could be wrong but I believe he's already using similar MM methods in his RSI/EMA strategy that he's been trading profitably for years already. I think the purpose of this experiment is to find out whether a trader can make a profit just by using a good MM method without having a good entry system. In my opinion so many systems are so focused on getting a "perfect" entry as if it's the most important part of trading. I think if TEB is profitable with this method it'll show that MM is just as important if not more than the entry.Ignored
DislikedWith luck, and with the tp and stop losses adjusted to go with the conditions, you should have some interesting results: -I would be interested in how you determined the market conditions, and whether you think some news events could have play with your results: Curious to know how long it would take you to either double your money or go broke. If you double your money rather quickly ( say less than two years) I would say your money management and your ability to judge the status of the market are outstanding. If you lose quickly I would still have...Ignored
DislikedWith luck, and with the tp and stop losses adjusted to go with the conditions, you should have some interesting results: -I would be interested in how you determined the market conditions, and whether you think some news events could have play with your results: Curious to know how long it would take you to either double your money or go broke. If you double your money rather quickly ( say less than two years) I would say your money management and your ability to judge the status of the market are outstanding. If you lose quickly I would still have...Ignored
DislikedWhen people try to improve their results they will nearly always look to reducing losses and rarely look at increasing the size of the winners. I think TEB could/should stretch it even further and look for 7/1 - 10/1 RR, after a certain ratio the win rate doesn't really fall much more anyway and the profits really start to accelerate.Ignored
DislikedThe way I see it all entries are a random coin toss. We like to convince ourself that there's some deeper technical edge going on that increases their chance of success but in reality we're often looking for the wrong things. We should be looking for locations that make then entry viable for the bigger RR trades as opposed to looking for just a winning trade. The difference is subtle but makes a huge difference to your profits. When people try to improve their results they will nearly always look to reducing losses and rarely look at increasing...Ignored
Disliked{quote} Well said. Exits are EVERYTHING. We should put as much effort into them as we do entries. Whether in leaving a trade, a corner, a relationship or a life, focus on making a great exit....Ignored
Disliked{quote} Thank you for clarifying you are only using a random entry. ~~ The exit point can change your profit result. Sure, use a fixed stop loss for losers, and a trailing stop for winners, and I think eventually you will come out ahead. ~~ There is a well known trailing stop method that could help in this situation. It places the stop at the highest/lowest of the previous 3 candles.Ignored
Disliked{quote} I do not think your fascination with trailing stops is a healthy one. I do not say this to challenge your views or even to impact on them, simple to point that we all trade differently and what is suitable for one method is not necessarily suitable for another. Given that Teb has stated his methodology for this thread, I do not see the need for peeps to be telling him what will and what will not work and what he should change. From my own point of view, which I accept is different from many on FF, the reason we pay so much attention...Ignored
Disliked{quote} Well said. If more people had your opinion that we should only read threads and not respond to them, FF would be an online magazine full of one liner articles. Thank you also for criticizing my suggestions for stops and then telling us all how important they are to you LOL. You bank traders always make me smile I don't even use stops, but it is because I too trade entirely different than you. 99% of traders set profit targets, like you right? So when price finally moves from your entry, are you not taught to move your stop to break even...Ignored