Disliked{quote} ADD ON. get an edge with the first trade,,, 08-00 bar break for one,Ignored
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Disliked{quote} ADD ON. get an edge with the first trade,,, 08-00 bar break for one,Ignored
Disliked{quote} So do you go long with a counter trade of the same size or double the initial size? Thanks in advance..Ignored
Disliked{quote} Let me try and address your confusion here. I too, was in the same boat at the start. People think the purpose of the counter is to try and get out of the losing trade. That's not the case here. The purpose of the counter is to hold the loss in place. You could easily use a stop loss (should definitely use a stop loss to start with, until very experienced). Now that the trade is held in a 15 pip loss (or whatever that number is), Billy and others here choose to forget about it for now. They then look for different triggers on the same day,...Ignored
Disliked{quote} Avery, read the above post from June this year. The information contained within this post should set you on the straight and narrow hopefully. As I say in the post, all of the information I have gleaned has been from this forum, from the counter/hedge masters themselves. Billy, Claudia, Lem and all of the regulars, hope you guys are all well. I haven’t been on much due to personal reasons. Will hopefully be back soon.Ignored
DislikedThank you Billy. 5 Pips/day is fine for me. I was going back through several months of the current year. The only way I found out to end up net positive / get away with +5 even if that’s only by the end of the week, by just trading the BillyBar setup, would be to fix any of the „fails“. So it is essential to fix it otherwise the math is simple you end up negative more often than not or were lucky not trading it every day and left out the bigger fails where you had to counter. I guess luck is no option for people doing this seriously, great if you...Ignored
DislikedLem - better very late than never. Seem to have moved on to nights. https://www.youtube.com/watch?v=nQDjSGnmYBIIgnored
Disliked{quote} Let me try and address your confusion here. I too, was in the same boat at the start. People think the purpose of the counter is to try and get out of the losing trade. That's not the case here. The purpose of the counter is to hold the loss in place. You could easily use a stop loss (should definitely use a stop loss to start with, until very experienced). Now that the trade is held in a 15 pip loss (or whatever that number is), Billy and others here choose to forget about it for now. They then look for different triggers on the same day,...Ignored
DislikedBeen doing some stat taking/backtesting on the weekend and sometimes I would notice that some days would do better than others. For example a trigger may fail more on a Wednesday. Is there any merit in not trading the Wed for that trigger or would I be overfitting the curve/over optimizing? Appreciate your thoughts. Thanks!Ignored
Disliked{quote} What setup do you talk about. I noticed something similar. For the BillyBar setup Monday and Wednesday looks not that good compared to the other days. I just looked back for 2020 so far.Ignored
Disliked{quote} I am actually trying to look for other extra triggers. Looking at the 0900 15 min bar currently, doesnt look that good. But also I am testing it as a momentum bar (trading in direction of the color).Ignored
Disliked{quote} Have a look at the bar pre to the UK open 07:45 - 08:00. If you trade the open range breakout of the single bar for small points, like 5-10, this one is providing quiet good stats for it too. Actually for some months this year according to my own tests it was often performing even better. Also the range is of smaller size on average compared to the BillyBar, therefor providing you with lower risk (if the plan is to cut/hold your loss at the opposite end of that bar). Unfortunately i don't know what a momentum bar is or what you mean by trading...Ignored