Hello everyone,
Thank you for this thread and the work on this strategy.
I very much agree with the money management behind it. Many traders don't even understand the mathematical edge and start trading.. so nice to hear a professional approach for once !
My take on this strategy is that, obviously if the money management is being respected with perfect accuracy then it is a winning strategy. The volatility, the curve and drawdowns are of course going to be ugly and not the way a trader would like it to be but at the end, the edge catches up so it makes sense.
Now : the signal is what will differentiate this strategy from winning to loosing if the signal can achieve >50% winning trades. So, the current way that the signals are being given are I believe not the best... i mean if we think of how we can put odds in our favor, then we could work it out with a couple moving averages and other stuff which you guys can all figure out.
What would that kind of strategy result for short term trading? let's say 1 day becomes 1 hour. and you take position on the 5 minute bar. ? I think there is a lot to explore here.. so maybe a EA is a good way to backtest these ideas to get vague idea of what it could give us.
Looking forward to see more results of these days trading ! thanks
Thank you for this thread and the work on this strategy.
I very much agree with the money management behind it. Many traders don't even understand the mathematical edge and start trading.. so nice to hear a professional approach for once !
My take on this strategy is that, obviously if the money management is being respected with perfect accuracy then it is a winning strategy. The volatility, the curve and drawdowns are of course going to be ugly and not the way a trader would like it to be but at the end, the edge catches up so it makes sense.
Now : the signal is what will differentiate this strategy from winning to loosing if the signal can achieve >50% winning trades. So, the current way that the signals are being given are I believe not the best... i mean if we think of how we can put odds in our favor, then we could work it out with a couple moving averages and other stuff which you guys can all figure out.
What would that kind of strategy result for short term trading? let's say 1 day becomes 1 hour. and you take position on the 5 minute bar. ? I think there is a lot to explore here.. so maybe a EA is a good way to backtest these ideas to get vague idea of what it could give us.
Looking forward to see more results of these days trading ! thanks