I'm by no means a "collector" of trading systems, but I do have about 5-6 that I follow. I'm sure most of you do as well. They don't really give signals all that often, so I scan through them every day or so looking for a signal or two. Most of the time, when a system gives a trade signal, it's the only one that does so in my arsenal. However, sometimes I'll have 2-3 systems giving a trade signal all at the same time. For example, if I look at EURUSD on a 4H chart, the Vegas 4H Tunnel might be giving a buy signal, "Mouteki's" method might be giving a buy signal, my own method might be giving a buy signal, etc.
How do you guys treat these trades? Do you just trade like normal, with the normal amount of lots and risk, or would trade more lots/risk? For example, if you normally trade 5 lots on a signal, would you trade 6 or 7 when the three systems are in agreement? Similarly if you're about to enter a trade based on one of your systems, would you trade fewer lots if another system gives the opposite signal?
I usually just trade like normal, but I'm wondering if in your experience it's better to increase/decrease your position. I know what the mathematics say the correct answer is, but the markets don't exactly follow mathematics otherwise they would be ripe for the picking.
How do you guys treat these trades? Do you just trade like normal, with the normal amount of lots and risk, or would trade more lots/risk? For example, if you normally trade 5 lots on a signal, would you trade 6 or 7 when the three systems are in agreement? Similarly if you're about to enter a trade based on one of your systems, would you trade fewer lots if another system gives the opposite signal?
I usually just trade like normal, but I'm wondering if in your experience it's better to increase/decrease your position. I know what the mathematics say the correct answer is, but the markets don't exactly follow mathematics otherwise they would be ripe for the picking.