Disliked{quote} One could perhaps use it on an instrument with the lowest 14-day ADR? Cheers, kIgnored
k
No skill in trading! 107 replies
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Disliked{quote} One could perhaps use it on an instrument with the lowest 14-day ADR? Cheers, kIgnored
Disliked{quote} Okay, I see, so once it's that max area, you flip it with a hedge? Is that what you mean when you say counter?Ignored
Disliked{quote} Yes, i agree with the argument that it still loses, so you can actually just use a stop BUT when i have a fail i then adjust my lot size (sometimes) and my FD changes so i make more than 5%. My target for the 08-00 break is 10 but i look for 5. edit, i have a fail (1st part) and i can then chase Daily Range for example.Ignored
Disliked{quote} So that's when you bring out some muscle from the bankroll so the next break opportunity covers the loss (not saying a martingale, just using some muscle like you said).Ignored
Disliked{quote} So that's when you bring out some muscle from the bankroll so the next break opportunity covers the loss (not saying a martingale, just using some muscle like you said).Ignored
Disliked{quote} Sticking with the daily pivot calculation based on Phi (see post#46), I ran the indicator through 2122 days to again achieve 74% hit rate. I further added a frequency distribution of subsequent pivots missed before the actual hit, see upper right corner [missed pivots|%] in the attachment: you can draw your own conclusion. {image}Ignored
Disliked{quote} You guys at the edge and found something but probability will be changed as much as more people starts using it... Processed data is there so for the trained minds already have good ideas to see how to trade thisIgnored
DislikedInteresting observation over 18 years of EURUSD data: there has never been a higher missing daily pivot streak than 4. With the right initial risk and bankroll that should yield a positive strategy...Ignored
DislikedI finally got to correct the stats for # and % of missed daily pivots plus I also added the pip distances from open price of first bar to a) the pivot, if it was hit, and b) the open price of the first bar of the subsequent period, if it was missed. Obviously, opening and closing trades at the first bar, doesn't seem to be a profitable strategy in the long run. Using indicators or S[1-3]/R[1-3] levels to enter at max excursion from pivot levels would undoubtedly bring down the hit rate, but possibly improve the winning:losing pips ratio. However,...Ignored
DislikedThe "problem" is the proximity of the daily open prices to the pivot level, which doesn't give much "room" to work with: 5% <= 1.4 pips 10% <= 2.7 pips 15% <= 4.1 pips 20% <= 5.7 pips 25% <= 7.0 pips ... 50% <= 14.7 pipsIgnored