Hi hsa013 -
In this system, increasing or decreasing the number of trading options isn't necessarily about getting more or fewer trades, its more about increasing the probability of having more winners than losers at the end of the day. For example, if the first three options are set to "true" and all 3 trends are long and you get a buy signal, then you could get 3 trades on a single bar. If all 3 trends are short and you get a buy signal, then you get no trades. If two trends are short and one is long and you get a buy signal, then you would get only one trade.
Second example, if you use the last trade option in our list, then all 3 filters have to be indicating the same trend at the same time for a trade to be executed. It is assumed (but not yet proven) that this would increase the chances of a winning trade. For example, if you get a sell signal then all three filters have to be indicating a short trend in order to get the trade executed. Even if only one of the three filters indicates a long trend, no trade would be placed in this example. In terms of number of trades per unit of time, this triple alignment of filters will happen less often than any one filter matching a buy/sell signal.
Last example, Let's say you had the first 3 trading options = true and the last trading option = true. All three filters indicate a short trend and price action gives you get a sell signal. In this case you would get 4 sell orders executed.
There are many combinations to be tested.
So yes we are increasing or decreasing the number of trades with adding and removing trading options but are we increasing our odds of winning with these various combinations? Overall, as I understand it, we are trying to find a combination of trading options which produce the most positive results. Whether its using one trading option at a time or some combination of options has yet to be determined. Thats why all the testing by you, me and others is providing data to help us determine the profitablilty of the system and to fine tune it for maximum positive results. Thanks to damonl we have a blueprint and we are trying to build and test some tools to help construct the final product.
Hope I'm not wasting your time with something you already understand.
Gary
In this system, increasing or decreasing the number of trading options isn't necessarily about getting more or fewer trades, its more about increasing the probability of having more winners than losers at the end of the day. For example, if the first three options are set to "true" and all 3 trends are long and you get a buy signal, then you could get 3 trades on a single bar. If all 3 trends are short and you get a buy signal, then you get no trades. If two trends are short and one is long and you get a buy signal, then you would get only one trade.
Second example, if you use the last trade option in our list, then all 3 filters have to be indicating the same trend at the same time for a trade to be executed. It is assumed (but not yet proven) that this would increase the chances of a winning trade. For example, if you get a sell signal then all three filters have to be indicating a short trend in order to get the trade executed. Even if only one of the three filters indicates a long trend, no trade would be placed in this example. In terms of number of trades per unit of time, this triple alignment of filters will happen less often than any one filter matching a buy/sell signal.
Last example, Let's say you had the first 3 trading options = true and the last trading option = true. All three filters indicate a short trend and price action gives you get a sell signal. In this case you would get 4 sell orders executed.
There are many combinations to be tested.
So yes we are increasing or decreasing the number of trades with adding and removing trading options but are we increasing our odds of winning with these various combinations? Overall, as I understand it, we are trying to find a combination of trading options which produce the most positive results. Whether its using one trading option at a time or some combination of options has yet to be determined. Thats why all the testing by you, me and others is providing data to help us determine the profitablilty of the system and to fine tune it for maximum positive results. Thanks to damonl we have a blueprint and we are trying to build and test some tools to help construct the final product.
Hope I'm not wasting your time with something you already understand.
Gary
DislikedI know Gary, I know...
I simply wanted to see some nice pos pips, that's all.
but, it was rather surprising to see 4 entries for every bar, yesterday - with ALL filters set to TRUE - I haven't experienced this behaviour at all. That's why I said sg went wrong on my platform.
Shouldn't have been maybe 7 entries with all filters on yesterday ? If I'm reducing the number of filters, the entries should go down accordingly, is that right? (and vica versa)
Basically as I figured the "safest" setting is the 3x filter on true, and "most risky"...Ignored