Been working with Adam on my strategy and would echo 60s sentiments and highly recommend him
thanks
thanks
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
DislikedIf you are still at the stage where you believe analysis is the answer this is a simple system that might make you consider things differently. 1. If the previous week closed bullish only long this week. If the previous week closed bearish only short this week. 2. Once direction is decided (that was your analysis part) wait for a H4 bar to close in agreement with the direction of your analysis. If long buy at the high of the bullish closed H4 bar and set your stop at the low, if short sell at the low of the bearish closed H4 bar with a stop at the...Ignored
Disliked{quote} 60mm, I'm re-reading the thread and came across this post where you suggested a system to try. You mention a trailing stop and suggest that the user comes up with their own. You also mention a TP, but you don't mention where to set a TP. What should the TP be? Or, what was the TP for the examples you posted in the images at the bottom of that post? I'm already running a system (mentioned here) that is doing pretty well, but it has only given me about 10 trades/month...Ignored
Disliked{quote} Sorry didn't explain it clearly. The TP would be the trailing stop. I believe the examples posted were using my favourite trailing for H4 (mainly because it has decent upside but not too much volatility, a nice half way house if you like) - after a close over 3R move to b.e, close over 5R trail at 3R, close over 7R trail at 5R... etc etc You're right about the trade frequency, you need to generate enough trades, as example my system I have been posting here will generate about 400 trades a year which is enough to hit my 20% a year target...Ignored
Disliked{quote} Thanks 60mm. Right now I’m trading the D1. Maybe I should drop down to the 8H chart to get more trades. Win % is 16.7%, average winner is 6.8x the size of the average loser. Average winner lasts 49 days and average loser lasts 4 days. None of these stats mean much, though, since it’s not a large enough sample size (50 trades in 5 months). I notice that you enter on a breakout of the bar. When I have a long bias, I enter at yesterday’s low (vice versa for shorts). It’s working well for me so far. What is your experience with that. Do you...Ignored
Disliked{quote} any edge purely from the entry technique will be just random luck... I would pick what you are comfortable with...My entry selection was so I could execute the entry and get the correct position size....I have to do this everyday, I want simple. Once I finish the year on this strategy I am going to show you another way I trade the same edge...Ignored
Disliked{quote} any edge purely from the entry technique will be just random luck... I would pick what you are comfortable with...My entry selection was so I could execute the entry and get the correct position size....I have to do this everyday, I want simple. Once I finish the year on this strategy I am going to show you another way I trade the same edge...Ignored
Dislikedmanaged to get away with only 3R loss due to a single 6R win Week 43 -3R Results: 377 trades, +97.5R Week 1 +4R Week 2 -14R Week 3 -2R Week 4 -3R Week 5 +3R Week 6 +4R Week 7 -7R Week 8 -10R Week 9 -4R Week 10 -13 Week 11 +21 Week 12 +6 Week 13 +14R Week 14 -3R Week 15 +15R Week 16 +19R Week 17 -6R Week 18 +7R Week 19 -5R Week 20 -7R Week 21 -0.5R Week 22 +11R Week 23 -7R Week 24 +8R Week 25 -12R Week 26 +3R Week 27 -6R Week 28 +5R Week 29 +3R Week 30 -2R Week 31 +5R Week 32 +36R Week 33 +0R Week 34 -4R Week 35 -6R Week 36 +11R Week 37 -6R Week...Ignored
Disliked{quote} entry technique is basically a coin toss fat tail is the edge, it even happens on M1 I currently having opinion that trailing stop is the best way to catch it thus trailing stop is the biggest edge you can have Trailing stop can be anything from PA new low/highs or indicator like MA, PSAR etcIgnored
Disliked{quote} 60! hows it going dude It's been a while since I've posted on this forum. Glad to see your still at it and helping others. Well done on the results. Take care DanIgnored