hey if you have already done your tests and it works for you all the power to you. I just believe in doing as little work as possible My goal in life from now on is to produce nothing of value.........
I will say this though, when I trade the smaller time frames on equities, my window of trading is quite small, typically about 1.5 hours of the trading day. When taking into account this small trading window, my win loss ratio is much higher trading equities than FX. In the equities market place, the same pattern repeats itself day after day (it may in the FX as well, it has been a year since i looked at the m1 chart on fx)............the open is insane, i still cant figure out why from a logical point of view, then direction gets picked, a solid move is usually made, then flat for like 3 to 4 hours, and then some action in the last hour.
you could however probably throw up all your work and very few people would take advantage of it and those that do, would probably be able to return the favor in kind. I have offered up my approach to numerous new and clueless traders at work, guys that see me make my day on one or two trades and they will not do it, simply because their head isn't in the right spot and they have a very poor understanding of the way markets move. When they screw up they use excuses like "i can't read the market" or "my head just isn't there". I try to explain to them that thinking like that is like trying to explain why your number didnt come up on a roulette wheel..............
I will say this though, when I trade the smaller time frames on equities, my window of trading is quite small, typically about 1.5 hours of the trading day. When taking into account this small trading window, my win loss ratio is much higher trading equities than FX. In the equities market place, the same pattern repeats itself day after day (it may in the FX as well, it has been a year since i looked at the m1 chart on fx)............the open is insane, i still cant figure out why from a logical point of view, then direction gets picked, a solid move is usually made, then flat for like 3 to 4 hours, and then some action in the last hour.
you could however probably throw up all your work and very few people would take advantage of it and those that do, would probably be able to return the favor in kind. I have offered up my approach to numerous new and clueless traders at work, guys that see me make my day on one or two trades and they will not do it, simply because their head isn't in the right spot and they have a very poor understanding of the way markets move. When they screw up they use excuses like "i can't read the market" or "my head just isn't there". I try to explain to them that thinking like that is like trying to explain why your number didnt come up on a roulette wheel..............
DislikedErr I already said I've done backtests, no I don't really want to share my work for free.
Can't we just think this through using examples? As one example:
You trade daily DIBS. Your expectancy ratio will be X minus the cost of trading (which is in the form of spread plus carry and possibly plus commission). Let's call the cost of trading C and the number of lots you've traded to be L.
So over a long enough timeline, the nth trade profit P = X * Ln - Cn
Fair enough you say, no worries. C is never large enough...Ignored