StewartWarr, is that possible the method doesn’t work and a signal just a fake? Did you test it on history? How many true signals and fake – its ratio?
{quote} Thanks for the answer! Maybe you can make more screenshots for clarifying all variants? The method is interesting and helpful. Want to figure everything out in it... Thank you again
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You are welcome. Okay, I'll see what can I find and prepare more screenshots.
{quote} As for me I always try to determine my profit and loss levels. It's about discipline. I try to make it p/l - 2/1. It's not exact, just something around that.
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It depends on situation and profit/loss could be different. Sometimes even more than 2/1. But if we exclude variants with lower ratio it simply reduse entry quantity. And its will still happen.
StewartWarr, is that possible the method doesnt work and a signal just a fake? Did you test it on history? How many true signals and fake its ratio?
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Yes, I’ve tested my method on major currency pairs history. There were more successful cases. Also keep in mind you need to open orders only with positive profit/loss ratio. It gives positive math expectation. Time to time happen fake signals. To minimize fake signals entry you can use some additional signal or bunch of signals. As examples indicators, correlations so on.
StewartWarr,
And did you check statistics? On what instruments does the method work the best (major, cross, futures so on)? Where are more right signals and where are less right signals? On what instruments it works frequently and for what instruments the method is useless? Just curious about some details.
StewartWarr, And did you check statistics? On what instruments does the method work the best (major, cross, futures so on)? Where are more right signals and where are less right signals? On what instruments it works frequently and for what instruments the method is useless? Just curious about some details.
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Yes, I’ve been checking this method on different instruments. I didn’t do accurate statistics. In general it the same as on classical technical analysis. On major and other crosses works better. On high volatility exotics less sharp. In the end everything depends on market in each time moment.
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Joined Feb 2016
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Status: It's never too late
|11 Posts
According to your observation does the main trend got influence on larger timeframes such as D1, W1, M1 on signal accuracy? As example: if you have sell signal though a main trend is buy. Or such situation: a signal and a trend direction are the same is that another signal confirmation?
According to your observation does the main trend got influence on larger timeframes such as D1, W1, M1 on signal accuracy? As example: if you have sell signal though a main trend is buy. Or such situation: a signal and a trend direction are the same is that another signal confirmation?
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Interesting question. Thank you for that. I didn't do statistics about that and probably it was a mistake…
The whole picture is a strategy on a correction or a turn back of a short trend. If a signal direction is the same as a long term trend direction obviously it could improve the signal rightness. But all tendencies – short and long term – started sometimes and sometime will end. The thing is do not miss the moment.
Do you use the method in your trade on some real account or it just a theory? And what about real profit ?
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Yes, I trade according to that method. I use different methods and slants. I'm intraday trader pretty much all the time. By the way dont put this thread in off-top I decided to open another thread where I will write aboute my real trade: http://www.forexfactory.com/showthread.php?t=582997
{quote} Interesting question. Thank you for that. I didn't do statistics about that and probably it was a mistake The whole picture is a strategy on a correction or a turn back of a short trend. If a signal direction is the same as a long term trend direction obviously it could improve the signal rightness. But all tendencies short and long term started sometimes and sometime will end. The thing is do not miss the moment.
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Still it's too complicated for me, I mean too bulky method. Probably I'm too young trader for such methods). I trade in channels. That's how I predict a momentum. Almost all traders know the channel method so I wont describe it.
{quote} Still it's too complicated for me, I mean too bulky method. Probably I'm too young trader for such methods). I trade in channels. That's how I predict a momentum. Almost all traders know the channel method so I wont describe it.
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If you didn’t get something in the method just spesify what exactly and I’ll try to make it clear for you. Channals are dynamic. Tilt angles are flexible and borders are breakeable. This method applied in channel borders breakining situations with certain specific marks.
