Here i applied Zig Zag and it has more neater entries !!!
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DislikedSo the system works with a $100 account and doesn't work with a $1,000,000 account? Or is there any value how big of an account do I need for 1 lot trades? "I will dive deep into this later but what it essentially boils down to is this, you need volume to consistently make stable returns. Not volume in size, but volume in deals. This means you must do 2 things: Stay Small Trade Often A short example to illustrate the point. Imagine a grocer who is selling tomatoes. Based on current market demand, they estimate they can sell $100 worth of tomatoes...Ignored
DislikedA statistical look at the spread (gap) vs theta (speed) would be interesting. Data can be analyzed daily, weekly and monthly. Max gap, max speed, max acceleration. Avoiding entries when SMA Slope is accelerating could improve the system.Ignored
Disliked{quote} ZigZag repaints so it will look super good after the fact but using it in the present can be dangerous.Ignored
Dislikedit’s a pretty logical concept - if price can reach over bought conditions (extreme trend strength) while below the 200 EMA - then price was very oversold - and a natural rebalance to fair value is due - safe bet this is using Ema based rsi on a length of 8 i will delete if this doesn’t align with OPS concepts {image} {image}Ignored
Disliked{quote} Yes the Repaint Nature of zigzag is the strength because rarely zizzag obey its first leg, the zizzag indicator i used just prints me the repaints prints, so all eyes on the first print , as shown in this pic {image}Ignored
Disliked{quote} Out of this position now. Starting to build some in AUD/NZD, GBP/NZD, EUR/NZD, and USD/CADIgnored
Disliked{quote} Interesting idea to start small and with decent spread, in hopes of moving back to MA 200. You should post how you managed that AUDUSD long trade, entries and exit. {image}Ignored
Disliked{quote} It's a good entry method for returns you may want to add to but again, the size of the spread and the goal of going for a very high hit rate can be concerning. Mainly because we don't want to assume any one entry will be profitable, as this will cause us to take on too much risk for that entry. You really want to assume the opposite. The smaller the spread, you should assume there is a higher probability of this entry going into drawdown than if it was larger. And the smaller the spread, the larger that drawdown can be. You want to stay...Ignored
Disliked{quote} thanks for the reply, I guess my brain is stuck on the other entry model of trying to produce the highest strike rate possible while protecting the account from as much DD as possible. It’s a fundamental shift from how I trade and would have to re-program my brain hahaIgnored
Disliked{quote} This is exactly why you need to stay small. Additionally, is why you don't want to take every entry signal. You need to weigh the risk. The 2nd and 3rd entry signals mark, provide almost no reward to taking on the access risk... If you were using a fixed lot size so would triple your risk on those entries for almost no cost average advantage. This will only make it require more capital to cost average in the future. After your initial first entry, you don't want to add to the position till the spread between that entry and the fair value...Ignored
Disliked{quote} This is exactly why you need to stay small. Additionally, is why you don't want to take every entry signal. You need to weigh the risk. The 2nd and 3rd entry signals mark, provide almost no reward to taking on the access risk... If you were using a fixed lot size so would triple your risk on those entries for almost no cost average advantage. This will only make it require more capital to cost average in the future. After your initial first entry, you don't want to add to the position till the spread between that entry and the fair value...Ignored
Disliked{quote} How did you judge to skip marked entry points 2 & 3? Is there an objective way to determine it?Ignored
Disliked{quote} please re-read 2nd post in thread. Fair value is ma. Spread is distance between current price and/or entry price to fair value.Ignored
Disliked{quote} Your first entry on AUDUSD was 50 pips below Fair Value, does next entry needs to be 100 pips below Fail Value? Can you quantify when it is beneficial to enter the next trade? Do not "theta us ", just explain 2nd entry as it relates to AUDUSD chart.Ignored