classic example for why no filter..
as you see two trades.. at the time of trigger of each PA is trending very strongly.. at our signal time it seems that this strong trend is ending.. so we take the trade..
if you filter trade 1, bcz you do not want to go against trend, then your filtering philosophy must stand for trade 2 to be filter as well.
.. now if you filter both, which it means you would never go against trend.. then you might as well not be trading counters at all.
if you argue that I would trade counters but not against "strong" trend and only against "weaker" trend.. this where you open a can worm for yourself.. which will opens you up to all kinds of analysis, need for various of indicators for measurements and etc, which normally will lead to second guessing and total disruption of clean trading.
so this is one live example as why i say you will not need filter, as the best filtering is to stick to risk control by cutting losses short at same time being super active to not miss the next trade and the next one and set your sight on the long run results.
anyhow that's what i have done for years.
by the way i was involved on the 1st trade on both gu and ej and lost about 25 on each. I saw the trend too strong i thought it be a good idea to take time for breakfast, and boommmm lost the wining counter.
same kind of deal on gj.
as you see two trades.. at the time of trigger of each PA is trending very strongly.. at our signal time it seems that this strong trend is ending.. so we take the trade..
if you filter trade 1, bcz you do not want to go against trend, then your filtering philosophy must stand for trade 2 to be filter as well.
.. now if you filter both, which it means you would never go against trend.. then you might as well not be trading counters at all.
if you argue that I would trade counters but not against "strong" trend and only against "weaker" trend.. this where you open a can worm for yourself.. which will opens you up to all kinds of analysis, need for various of indicators for measurements and etc, which normally will lead to second guessing and total disruption of clean trading.
so this is one live example as why i say you will not need filter, as the best filtering is to stick to risk control by cutting losses short at same time being super active to not miss the next trade and the next one and set your sight on the long run results.
anyhow that's what i have done for years.
by the way i was involved on the 1st trade on both gu and ej and lost about 25 on each. I saw the trend too strong i thought it be a good idea to take time for breakfast, and boommmm lost the wining counter.
same kind of deal on gj.
Passion, Persist, Patience, Protect