takingthepip, the chart was the daily chart of AUDUSD.
RussiaTrader, the exits can't be optimized and that's a fact. I know it because I can prove it. The traders who believe that 40SMA is better than 20SMA or any other indicator are in state of delusion regarding the exits. The results of a strategy is a combination of position sizing, compound interest, maximum drawdown and many other factors, some of them which can't be quantified at all. Under some circumstances one exit method is better than other but on the long run the difference between them becomes irrelevant.
And if the guru PC comes so often in discussion, I'd like to remember to all of you that PC has a way of detecting which IB has a bigger chance of becoming a winner. On other words, he optimizes the entry, not the exit.
RussiaTrader, the exits can't be optimized and that's a fact. I know it because I can prove it. The traders who believe that 40SMA is better than 20SMA or any other indicator are in state of delusion regarding the exits. The results of a strategy is a combination of position sizing, compound interest, maximum drawdown and many other factors, some of them which can't be quantified at all. Under some circumstances one exit method is better than other but on the long run the difference between them becomes irrelevant.
And if the guru PC comes so often in discussion, I'd like to remember to all of you that PC has a way of detecting which IB has a bigger chance of becoming a winner. On other words, he optimizes the entry, not the exit.