Disliked{quote} hopped over to your thread last night, brilliant stuff!. Loved the post about following or predicting, not seen it explained that way before and you have a real talent for writing.Ignored
Trade another day through Systematic Trading 203 replies
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Disliked{quote} hopped over to your thread last night, brilliant stuff!. Loved the post about following or predicting, not seen it explained that way before and you have a real talent for writing.Ignored
Disliked"In markets, monte carlo "testing" provides some value, but the fact that it masquerades as providing additional rigor, and comfort, is both erroneous and deceitful. Why? Because there are so many more potential paths in the open future than have ever existed in the limited past."Ignored
DislikedFinally broke below my trail level, just need a close now. Most of my trading is waiting, what I don't need to do is make judgements about where the market will go - that is for a reason, I have not seen evidence that humans are good at it in these types of environments. {image}Ignored
Disliked{quote} Hehehe. I can smell Wayne Himelsein in that. Too true :-)Ignored
DislikedTrading and the problem of random reinforcement In Beating the Financial Futures Market (Wiley, 2006)Ignored
Disliked{quote} Kaboom. I am going to have to share that great piece 60. I hope you don't mind? :-)Ignored
Disliked{quote} Kaboom. I am going to have to share that great piece 60. I hope you don't mind? :-)Ignored
DislikedSomething I strongly disagree with is this mantra of finding a strategy that fits your personality. You need to find something that works and adjust your behaviour accordingly. Most people have no idea what their personality is, how to measure it or how to fit a trading strategy to it. The result is most people end up trading what feels comfortable and appears easy, big mistake. Find something that works.Ignored
Disliked{quote} I ran some tests on the EURUSD daily charts, testing different take profits targets, ranging from 2R to 5R. 5R had fewer winners and larger drawdowns, but ended up more profitable. Now, at a point, you mentioned 5R targets; seems you trail now at 7R. I would like to know how you manage open trades. When do you move to BE; And trailing at 7R, does that mean you move SL to 7R once you get a close below 7R and leave your trade on until it is stopped out or what? Pardon if my questions seem too basic, but my testing has made it clearer to me...Ignored
Disliked{quote} Sorry DJo, I missed this question. For this test I have been waiting for a close over 7R and then trail at 6R, over 8R, trail to 7R etc etc, If it breaks over 10R I trail where feels right. Don't get bogged down too much in specifics though, in general trailing is good, wider trails will have higher returns but deeper drawdowns, tighter trails will control drawdowns at the cost of returns...... all suffer from long runs of losers, thats a hard one to get comfortable with but push through it. I'm glad you ran the test over multiple exits,...Ignored