tradewith60
Trade another day through Systematic Trading 203 replies
Systematic trading 1,566 replies
Nonparametric Association Measures in Systematic Trading 57 replies
A Systematic Approach to Markets 68 replies
Systematic Trading vs. Discretionary Trading 14 replies
Disliked1 win followed by 13 consecutive losers this week... nothing unusual in that.Ignored
DislikedTechnical break down for the coming week... "The market will not go up unless it goes up, nor will it go down unless it goes down, and it will stay the same unless it does either. -George Goodman"Ignored
Disliked{quote} Zen master trader 60! I'm not able to take that many losses in a row and think that's normal, yet! I am beginning to realise that this is what is necessary for the big gains it's just I need to go through the pain and pleasure of the losses and wins first-hand.Ignored
Disliked{quote} This quote kind of makes me think about a number of trading videos I've seen that talk about using 3 different time frames, e.g. daily, 4h and 15 min for entry. Some educators say that you can predict a short term 15 min candle move in relation to the daily and 4H time (when combined with a candlestick pattern) frame but basically it either goes up or down and no amount of multi time frame analysis and candle stick pattern combination. Way too many ducks to line up and probably does not improve the win rate.Ignored
DislikedThis Person share Montecarlo Simulator, useful to predict maximum consecutive losses, average drawdown etc by simulating 200 trade 500 times Monte Carlo Simulator https://www.forexfactory.com/showthread.php?t=582578 try playing around with the setting and you will know that variance is huuuge (variance is win loss sequence, distribution of win and loss eg 50% winrate is not distributed as 1 win after 1 loss in a lot of times, but it can be 10 loss then 5 win then 19 loss then 25 win etc, where on 25 win you'd feel like a god and 19 loss...Ignored
Disliked1. Short 2. Miss TP by a few pips 3. Long 4. Miss tp by 1 pip 5. stopped out by 1 pip before price reverses {image} This is bad luck and you do nothing... just continue to execute your model. Never change your process based on a short run of bad luck!!!Ignored
Disliked{quote} Again I can only admire your self discipline. I assume your analysis tells you that 5/6/7 R isn’t as profitable over time? Have you run a demo forward test using 5/6/7R TP and trailing at 1/2 R behind?Ignored
Disliked{quote} Actually 5,6,7R are all good but at some point you need to hang your hat on one option or another. There is no problem with updating your choice when you have overwhelming evidence to suggest it is wise, and in fact that is exactly what we should do. What we should not do is make changes based on small data samples. We are very skilled at looking at events like the last few days and quickly deciding that we have found a better strategy - but it is very rarely the case if we dig a bit deeper into the data.Ignored