Thanks stt. So what I really need to calculate is the average lot size per trade. I know that PnL per trade is about 0.12% of initial account, e.g. $12 in a $10,000 account if risking $100 per trade. That's an average of all trades of course - ...

Statistical Analysis of TZs

Absolutely! I stopped trading demo about 10 years ago. Even for new ideas I use live, but with smaller positions. You can never underestimate the psychological factor when trading. One of the best ways of reducing stress is trading with money you ...

Testing High Leverage Compounding

Not all time, just last 15 years. I won't be taking any more UJ shorts until Nikkei calms down!

EURUSD

Is it worth converting this indicator into an automatic trading system? The short answer is probably not. For the long answer, we have to estimate trading costs as best we can. This is because, as I said earlier, the P/Ls posted so far are just an ...

Statistical Analysis of TZs

Lower BE After correcting that mistake about the BE parameter yesterday, I decided to revisit BE and try a few more lower values (from 30% to 50%). The reason being that since TP is now 30% beyond the TZ tip, and the BE trigger is measured to the ...

Statistical Analysis of TZs

Dynamic TPs This one turned out to be a bit trickier than I'd imagined. There were several things to consider, such as: 1. Do you set the new TP before min retrace (entry), or after? In other words, if TP is less than TZ Tip and it hits it before ...

Statistical Analysis of TZs

Setting stops to break even You know, I've often wondered about the effectiveness of setting your stop to break even (or thereabouts) once a trade has started moving in your favour. On the one hand, it's very frustrating to be stopped out by a few ...

Statistical Analysis of TZs

Something else I wanted to mention was that the win rates (% of trades that hit TP) for these positive results varied between 43% and 57% depending on the pair (for the "All TZs" result - 1429 trades). In other words, you had to endure a lot of ...

Statistical Analysis of TZs

Nice results too, Sis! And your different pattern method is intriguing . But yes, there are many ways to trade these things. Looking forwad to the end of May results! Your mention of different timeframes reminded me of something I missed ...

Statistical Analysis of TZs

Excellent trading journal you've got here, shellsnail. I think struggling traders can learn a lot by reading your posts. And you're right, it's not about a high win rate. But many people can't handle a string of losers, or more losers than winners. ...

Testing High Leverage Compounding

So, here are the dynamic retrace results so far. All other parameters and details are the same as before: +46% for First TZs (269 trades = approx 4 trades per year per pair) +86% for All TZs (1429 trades = approx 22 trades per year per pair) This is ...

Statistical Analysis of TZs

Thanks Bill and blueface. The method of dynamic retraces I'm currently testing is very simple and uses only one indicator. I'm pretty sure that this indi is available on any charting platform. But I don't want to say any more about it than that, ...

Statistical Analysis of TZs

So, before I started testing dynamic retrace levels, I spent a bit more time with fixed retrace levels to optimise the existing parameters. A good combination for EUR.USD was 25% min / 90% max. In other words, enter at 25% and SL at 90%. The ...

Statistical Analysis of TZs

Hey everyone, how's it going? Have any of you found anything interesting using the indicator I uploaded? Here's a quick update from me. I've been pretty busy the last couple of weeks enhancing the indicator to test new ideas, then optimising the ...

Statistical Analysis of TZs

Although I don't personally need this information right now, I can appreciate the importance of it when backtesting strategies which avoid taking trades just before, or holding existing trades during, high impact news. It must have been a lot of ...

Hanover replies to PMs

You're welcome pedma Forgot to say, to get that great EUR.AUD probability I mentioned earlier, try h Min = 114 and h Max = 115, over a range of Jan 2008 to now on M240. All other parameters set to default, though to get 60 valid first opposite ...

Statistical Analysis of TZs

Here is the the latest stable version of my TZJ3 indicator. This one produces the reports posted earlier (but not the double sequence stats near the start of the thread), and the data for the parameter optimisation spreadsheets. It also marks the ...

Statistical Analysis of TZs

Yep, it's all about momentum. In trading, like in real life, there's no getting away from it. But there are scales of momentum. A retrace after a strong move typically has weak momentum. You can scalp it if that's your style, but such counter-trend ...

Statistical Analysis of TZs

Thank you for picking up the baton and producing some stats of your own, sis. Great stuff! As well as generating new ideas, generating stats on different platforms - in order to confirm or deny mine - was one of the goals of starting this thread. ...

Statistical Analysis of TZs

Do you want to know an interesting statistic about TZs? Well, a couple of weeks ago Jay mentioned a high probability setup for EUR.AUD on his thread. He said that out of 59 similar setups since Jan 2008 on that pair, ALL of them reached target. He ...

Statistical Analysis of TZs