VantagePoint discussion thread
We also compared trade entries using the "4 out of 5" method and found where I had 4 out of 5 he only had 3 out of 5 not allowing him to enter while I was able.
Howdy all again,
Just wanted to talk about Stoplosses. I have done a little backtesting with the Predicated High & LOws on only a few crosses and found that with 7.0 they seemed to work just fine. I had tested this method with 6.4 and found it didn't work that well so I put it to the side and started using the ATR method of a Stoploss. Usually when the candle broke the Predicated Low on a Long position it usually went through and changed direction.
I had a Long position on the GbpUsd today and as we all know it reversed it's direction and went south BUT using the Predicated Low plus 10pips saved me 40pips on the loss.
Again don't take my word for it check it Urself
Fellow Pip Hunter
Bill
Howdy all,
I wanted to let every1 know that while conversing with another VP user with 7.0 he is using CSI and myself using CRB. We were checking results from backtesting and found he had terrible results using the NI as an entry to go SHort or Long and using the Predicated High and Predicated Low plus 10pips as a StopLoss. While I had great results. We then started to check each trade and found numerous occasions where his NI was 0.00 and mine was 1.00.
What I am getting @ is not to use ANY trading method without 1st backtesting it yourself. Which is a painstaking task since it needs to be done by hand but well worth the effort. What I found with the data providers is they all use different Closing times and the Openings of the New Daily Candles. I know for a fact that CRB closes their candles @ 3:30 Central and Opens the New Candle @ 5:00 Central. They told me it was to compile all the data
I am still using the methods I just mentioned but can't stress enough not to take my word or any1s.
BACK TEST YOURSELF It's Ur $$$$$$$$$
Fellow Pip Hunter
Bill
Howdy all,
I wanted to let every1 know that while conversing with another VP user with 7.0 he is using CSI and myself using CRB. We were checking results from backtesting and found he had terrible results using the NI as an entry to go SHort or Long and using the Predicated High and Predicated Low plus 10pips as a StopLoss. While I had great results. We then started to check each trade and found numerous occasions where his NI was 0.00 and mine was 1.00.
What I am getting @ is not to use ANY trading method without 1st backtesting it yourself. Which is a painstaking task since it needs to be done by hand but well worth the effort. What I found with the data providers is they all use different Closing times and the Openings of the New Daily Candles. I know for a fact that CRB closes their candles @ 3:30 Central and Opens the New Candle @ 5:00 Central. They told me it was to compile all the data
I am still using the methods I just mentioned but can't stress enough not to take my word or any1s.
BACK TEST YOURSELF It's Ur $$$$$$$$$
Fellow Pip Hunter
Bill
I guess U missed the title of the post STOPLOSSES.
I didn't ask for critiquing or advice of my trade I put that out there to demonstrate about Stoploss method differences.
As for my trading I did quite well TODAY not the week:
GbpJpy +100pips
EurJpy +50 pips
UsdJpy +50 pips
EurCad +100pips (have been open since yesterday)
GbpUsd -70pips
==============
Lets see that is OH I ran out of toes
OH my +230pips FOR the DAY
Fellow Pip Hunter
Bill
I wanted to let every1 know that while conversing with another VP user with 7.0 he is using CSI and myself using CRB. We were checking results from backtesting and found he had terrible results using the NI as an entry to go SHort or Long and using the Predicated High and Predicated Low plus 10pips as a StopLoss. While I had great results. We then started to check each trade and found numerous occasions where his NI was 0.00 and mine was 1.00.
Howdy Stoney, I have been always confused on position trading and the sort. I place my trades when there are 4 out of 5 of the Predicted indicators either Positive or Negative. The 5 indicators are the Predicated High, Predicted Low, Predicted Short Term Trend, Predicted Med Term Trend & the Neural Index. When 4 out of 5 of these are again either + or -, I enter @ the market when I analyze all the crosses @ 6:30edt, so most of my entries are before the Asian session begins. The crosses that I trade this way are the GbpJpy(the best so far this year), EurJpy, EurCad, UsdChf & UsdJpy. I am also a believe diversification is the key. These crosses I mentioned trade 70% or better winners but of course not all the same time so I may have 4 trades on and 3 of them are winners.Some of these trades are open for 1 day or on average 3 days so I guess you could call this Position trading doesn't matter long as I'm making pips. I also trade these positions in 1/3s. I have targets @ 50pips, 100pips & 150pips. I'm now testing using 1/4s and letting the last 1/4 run. I'm not going to go on about how many pips I have captured but I will tell U it's plenty.
Happy pip hunting
Bill
Additionally, what does your MM strategy look like? Do you scale back position size after losses?
