Good and interesting "old stuff" here.
I also made this project some times ago and never had time to go on. Let's see whether I can revisit some of those things and give some suggestions.
In the meanwhile, to say the truth, my brain is much far away... But nice to see there is interest in the topic. I can also confirm that, as is, the RR is the major limitation.
But in addition, I would suggest to think about time filters, here. I think one of the major strenghts of TS' system is the idea that price tends to come back to extremes and leaves daily bars usually with some wicks, at the end of the day. TS usually trades from NY start, and then, if you use "standard" NY 5:00 PM close bars (it depends on the broker, but several of us use such kind of...), he starts trading in the "second half" of the daily bar, where it should be "easier" that extremes revert towards the body of the candle...
Lemer, seasoned wise man... I know you trade from London open. Could you somehow confirm/refuse this last observation?
The hedging mechanism, Lem, is nothing difficult to program, at least in its basics.
Another topic to work on would be to create very smart algorithms for trailing. They should include volatility...
Just my two cents...
BR
BL
I also made this project some times ago and never had time to go on. Let's see whether I can revisit some of those things and give some suggestions.
In the meanwhile, to say the truth, my brain is much far away... But nice to see there is interest in the topic. I can also confirm that, as is, the RR is the major limitation.
But in addition, I would suggest to think about time filters, here. I think one of the major strenghts of TS' system is the idea that price tends to come back to extremes and leaves daily bars usually with some wicks, at the end of the day. TS usually trades from NY start, and then, if you use "standard" NY 5:00 PM close bars (it depends on the broker, but several of us use such kind of...), he starts trading in the "second half" of the daily bar, where it should be "easier" that extremes revert towards the body of the candle...
Lemer, seasoned wise man... I know you trade from London open. Could you somehow confirm/refuse this last observation?
The hedging mechanism, Lem, is nothing difficult to program, at least in its basics.
Another topic to work on would be to create very smart algorithms for trailing. They should include volatility...
Just my two cents...
BR
BL
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