OK i agree give it a chance - And yes thanks Endroute for sharing your ideas sounds like this is working for some people so thats great.
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DislikedOK i agree give it a chance - And yes thanks Endroute for sharing your ideas sounds like this is working for some people so thats great.Ignored
DislikedDear Endroute and Thread,
No replies about COG in eSignal and I can't find it either. That being said, could one use Bollinger Bands or some other band indicator as a replacement for the COG? If so, which band indicator and which settings. Would appreciate the heads-up here. Thanks very much and sorry for any bother by anyone.
LenoxerIgnored
QuoteDislikedCindy, I bagged about 150 pips with this system yesterday.
Yes the COG repaints, but I'm finding it is still a very useful filter. I also flick between a number of timeframes and make sure that a potential signal makes sense in the broader context.
Endroute, thanks heaps for sharing your simple and straightforward system. Good trading to you!
Kind Regards,
Matt.
Disliked...
The worse thing we can do is change our trading system, but, we can change our MM.
In trending markets, we have to let our profits run, and protect them using TS.
...
Dani M.Ignored
DislikedALL systems work nicely in trending markets, its how you deal with ranging conditions that are the make or break of most traders.
I think to avoid frustration with being "stopped out" you should instead consider Risk to Reward. If you have risked 20 pips and are up 40-50 in a position then you shouldn't accept a loss.
Then again I don't trade intraday due to the "noise" associated with smaller timeframes, liquidity issues around news releases causes huge spikes as brokers adjust their spreads, most retail intraday traders take a shoeing.
As Dani M says, the WORST thing you can do is change your system, especially after only 4 days just because you are frustrated by the small losses. Try trading the higher timeframes, then the frequency of trades is reduced and signals TEND to be more reliable.
Another thing is you have to get used to losing! NO system is a silver bullet, all we are exploiting is a TENDENCY within the market.
Study TheRealThing's blogspot site to see how a professional trades. He has only had probably 40% winners this year yet his equity is 50% up.
He did this by sticking to his rules and exploiting his edge. Note that he has used this method for years and occasionally has 6 week losing streaks, does he tinker with the rules or add more and more filters? Thought not.
Trading should be kept simple and repeatable, almost boring, like any BUSINESS, the rest is up to the trader.
Your "Holy Grail" is between your ears!
Keep at it!
cheers
CromIgnored
DislikedAre you using all of endroutes COG settings matt? I also bagged about 100 pips today but am trying to minimise the repainting.
DarrylIgnored
DislikedAny chance we could cajole the stoch indi out of you endroute...pretty please.
Ignored