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Vegas 4 hour Tunnel mods

  • #1
  • First Post: May 12, 2006 9:14pm May 12, 2006 9:14pm
I was thinking, if Vegas gives 3 "strike targets" for exit on his 4 hour tunnel, would it make more sense (addage "Let your profits run") to trade with 4 units, so when all 3 targets are reached and exited, you still have one more that is running "Free Willy" to the ends of the earth until the trend is exhausted?

I will probably be trying that, to see if I can squeeze a few more pips out. Just was wondering if anybody else has..
google:
  • #2
  • May 12, 2006 9:40pm May 12, 2006 9:40pm
Quoting twoblink
I was thinking, if Vegas gives 3 "strike targets" for exit on his 4 hour tunnel, would it make more sense (addage "Let your profits run") to trade with 4 units, so when all 3 targets are reached and exited, you still have one more that is running "Free Willy" to the ends of the earth until the trend is exhausted?

I will probably be trying that, to see if I can squeeze a few more pips out. Just was wondering if anybody else has..
Nothing can be more detrimental to a good trading plan than nickel and diming yourself to death trying to squeeze pips. That's when you start getting into the deep water.
  • #3
  • May 13, 2006 9:19am May 13, 2006 9:19am
Quote
Nothing can be more detrimental to a good trading plan than nickel and diming yourself to death trying to squeeze pips. That's when you start getting into the deep water.

This is true, but do you really consider what I am suggesting as nickel and diming??

From some of the backtesting I see, if you exited all 3 positions, the 4H still climbed and climbed; my thought is, if you are going to let "profits run" would it make good sense to have at least 1 unit keep running if it still remains profitable and the exit signal has not been reached??
google:
  • #4
  • May 13, 2006 10:06am May 13, 2006 10:06am
I say go for it. Vegas encourages taking his models and tweaking/testing them to suit your own personal goals/lifestyle.

If you demo it first then the worst that can happen is you prove yourself wrong.

Let us know how it works out.

Quoting twoblink
I was thinking, if Vegas gives 3 "strike targets" for exit on his 4 hour tunnel, would it make more sense (addage "Let your profits run") to trade with 4 units, so when all 3 targets are reached and exited, you still have one more that is running "Free Willy" to the ends of the earth until the trend is exhausted?

I will probably be trying that, to see if I can squeeze a few more pips out. Just was wondering if anybody else has..
  • #5
  • Last Post: May 13, 2006 10:15am May 13, 2006 10:15am
Any other point in time, I wouldn't be thinking about this, but since the Cable and the Yen have been running away recently, I thought, if I did the Vegas 4H method, yes I would have exited with a tidy profit, but like the energizer bunny, the market is still going and going and going..

[img]file:///c:/tmp/moz-screenshot.jpg[/img]Posted an example chart of why I thought about this.. In this situation, I would have loved for the 4H Tunnel method to let me keep making $$$$ all the way up and up..
Attached Image
google:
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