Diversified Trend Trading Approach

Thanks R. A nice chill piece to end my evening :-)

I just updated my backtest to the end of August....and it was a down month for the portfolio......you can't win them all. A very similar result to my live walk forward result on EDTT.



Ciaou mate

Dear C

In post 2067, you mention two trades that achieved a profit of 11.5 and 14R respectively.
Can you please give more details about those two trades?
I would like to check what my settings would have given me.

Thanks

T

Morning T :-)

Attached are trade details sorted in order by R so it gives you heaps to comparatively test. The trades are from data supplied by Dukascopy.

Those two trades are my two best king hits of the backtest (XAUUSD and BRENT). Let me know how you go with your settings applied.

Cheers

C

T...I just re-ran the gold example and it should have been more like 17R and not 14R as in the backtest the SDC should have been at 0.25 and not 0.5...however despite this, it was still a windfall but not as big as it should have been.

Is this the Chosen One going to the Moon?





https://www.poundsterlinglive.com/gb...mp-in-sterling

I hope so mate. You are nailing it........It is 2.5xR and looking good so far on my walk forward. My short term got nailed with some profit but the longer term is reaching for the sky.




Ooooopps. Gotta remember to reduce SDC to 0.5 at 2.5xR.....Here goes.



That quote made me laugh. At some time in the future it will be a sell so I s'pose he will be right.....eventually *sniggers*

It looks like we may end the week with some well deserved pay back R :-)

I'm having a second crack at EURJPY with some good momentum behind it....let's hope this does the trick. I got nailed the last time. Staying with 1.0 SDC on the short term for a quick result with good position sizing. :-)



FTSE is sinking like the titanic :-)

Food for Thought

Attached Image

 

1. Put into Perspective - Skenderbeg Hedge Fund Report Sep 2017
2. Trading Systems Do Not Remove Emotion from Trading
3. Is this 1929 or 1997?
4. Pundit or Professional?
5. Quantitative Analysis of Market Data free for Kindle this week (time's running out)
6. Our very own home grown trend follower
7. Profit Margins, Bayes’ Theorem, and the Dangers of Overconfidence
8. Don’t Touch the Computer
9. Exiting a trade is more important than entering one
10. Staying Ahead of the Curve
11. The rise of robot currency traders: what does this mean for humans?
12. Using creative thought and automation to bypass human flaws w/ Bert Mouler
13. The biggest mean reversion in 50+ years is underway
14. How To Outperform One Of Investing’s Most Beloved Strategies
15. Volatility-based measures giving false sense of security, warns fund manager:
16. ...and for some philosophical magic from Alan Watts

I had to print this out directly from Skenderbeg. It's always a fun read and highlights why as humans we frequently have catastrophic fails with predictions. Sometimes it's best to park you ego and what you think you know, bow to complexity and just STFU :-)

Some really stupid things uttered by some really smart people History is littered with very smart people saying very stupid things. Here are some examples of quotes that their authors would like to take back:
• Irving Fisher (economics professor at Yale University in 1929): " Stocks have reached what looks like a permanently high plateau."
• Albert Einstein: "There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will."
• The president of Michigan Savings Bank urging Henry Ford not to invest in The Ford Motor Company: "The horse is here to stay but the automobile is a novelty, a fad."
• Ken Olsen (president of Digital Equipment and MIT graduate): "There is no reason for any individual to have a computer in their home."
• Tom Watson, IBM chairman (1943): "I think there is a world market for maybe five computers."
• Bill Gates (2004): "Two years from now spam will be solved."
• You Tube Founder Steve Chen: "(I am worried that) there's just not that many videos people want to watch."
• Robert Metcalfe (inventor of ethernet): "I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse."
• Darryl F. Zanuck (founder of 20th Century Fox studio): "People will soon get tired of staring at a plywood box every night."
• Clifford Stoll (astronomer and author of Silicon Snake Oil (1995): "Nicholas Negroponte, director of the MIT Media Lab, predicts that we'll soon use books and newspapers straight over the Internet. Uh, sure!"
• And another head scratcher From Bill Gates: "No one will need more than 637KB of memory for a personal computer. 640KB ought to be enough for anybody."
• Linus Torvalds (founder of Linux): "Really, I'm not out to destroy Microsoft. That will just be a completely unintentional side effect."
• Steve Ballmer, former Microsoft CEO (2007): "There's no chance that the iPhone is going to get any significant market share. No chance."
• Steve Jobs (2008) in discussing Amazon Kindle: "The whole conception is flawed at the top because people don't read any more."
• New York Times (1936): "A rocket will never be able to leave the earth's atmosphere."
• Henry Morton, president of Stevens Institute of Technology on Thomas Edison's light bulb (1880): "Everyone acquainted with the subject will recognize it as a conspicuous failure."
• Variety passing judgment on rock 'n roll (1955): " It will be gone by June."
• Book publishing executive writing to J.K. Rowling (1996): " Children just aren't interested in witches and wizards anymore."
• Astronomer Simon Newcomb (1888): "We are probably nearing the limit of all we can know about astronomy."
• Newsweek predicting where popular holidays will be in the late 1960s: "And for the tourist that really wants to get away from it all, safaris in Vietnam."
• Senator James Inhofe (R-Ok) in 2004: "God's still up there. The arrogance of people to think that we human beings would be able to change what HE is doing in the climate is to me outrageous."



Enjoy

C

I can't get enough of this guy (or guys)...turn it up :-)

What is on with EDTT

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Below are current open trades on my live walk forward testing of EDTT

Some are the residue of the older Multi-time frame (MTF) trading approach...but progressively the portfolio is reverting to the newer double entry method on M30 with guidance for discretionary entry only on M30 provided by MTF's.

























.....more to come :-)

C

What is on with EDTT.....cont'd


















Cheers

C

Last 10 days correlations on 30m TF:

That's a hefty correlation matrix mate. You can clearly see the GBP impact in any related pair. It tends to be taking a driving seat in terms of momentum lately. :-)

Jerry P has been a bit active on twitter lately R. Some good stuff in these.

 

1. Memoryless Trading
2. Investing Hot Shots Can't Time, Either