I started live Friday and had my biggest DD with this system first day. Figures, but still not that much to complain about. Starting today the reversals happened and so was very nice. Record so far 12 wins and 5 losses. So far increased my account 3.1%.
Only one was -80 the rest I did recoveries on and that worked really good. So the other 4 had profit trades to go with them. Trading .10 per thousand or one penny per hundred dollars just like before and working out pretty good. The one thing I noticed is the margin size at 50:1 just prevents me from running so many trades at once and is making me more selective in my trades. So I guess that is good.
I am now looking at using BB where the outerbands are outside the TMA lines. That would give me better entrances but it would mean using different BB MA. You would then check your screen for which ones are the farthest outside the lines. I will play with that idea some and see how it goes. If that gives me more consistant and better entrances I would then try it. I have checked the 25BB and the TMA seems to filter out a lot of the runners. It would just depend how much those lines move as compared with real time. So far in live trading I have not seen the TMA lines move that much over a week or two. In other words they dont move enough in real time to distort a trade entry on a 4H chart but I havent spent enough time with it to know if they move that much over a period of months. Is what I see two, six, or ten months ago valid info.
My conclusions of trading on entries on a lower time frame off of signals from the 4H chart just gets you in too early too many times. The earlier entries that went for profit were offset by the trades you got in too early on. So going to drop that testing for now. Doing that needs a different set of parameters and I dont have time to work on it right now.
Only one was -80 the rest I did recoveries on and that worked really good. So the other 4 had profit trades to go with them. Trading .10 per thousand or one penny per hundred dollars just like before and working out pretty good. The one thing I noticed is the margin size at 50:1 just prevents me from running so many trades at once and is making me more selective in my trades. So I guess that is good.
I am now looking at using BB where the outerbands are outside the TMA lines. That would give me better entrances but it would mean using different BB MA. You would then check your screen for which ones are the farthest outside the lines. I will play with that idea some and see how it goes. If that gives me more consistant and better entrances I would then try it. I have checked the 25BB and the TMA seems to filter out a lot of the runners. It would just depend how much those lines move as compared with real time. So far in live trading I have not seen the TMA lines move that much over a week or two. In other words they dont move enough in real time to distort a trade entry on a 4H chart but I havent spent enough time with it to know if they move that much over a period of months. Is what I see two, six, or ten months ago valid info.
My conclusions of trading on entries on a lower time frame off of signals from the 4H chart just gets you in too early too many times. The earlier entries that went for profit were offset by the trades you got in too early on. So going to drop that testing for now. Doing that needs a different set of parameters and I dont have time to work on it right now.