"Today, over three quarters of Americans are afraid to ride in a self-driving vehicle." Human resistance to relinquishing decision-making to automated decision aids has been the subject of detailed research (for simplicity, I’ll refer to “automated ...

Systematic Trend Trading

"mature adults make a transition from a desire for praise to a desire for praise worthiness" Adam Smith

Systematic Trend Trading

I really like the buy sell line - and what I found with all these simple systems is they work but the human usually fails (take profit too early, quit too soon etc). I think successful traders all go on to realise this and it's why you find so many ...

Systematic Trend Trading

thank's...once you accept you will have to lose a lot it isn't that hard.

Systematic Trend Trading

The Illusion of Validity During WWII, the US Military developed a technique to determine the best candidates for officer training. They grouped soldiers into teams of eight and gave them a very difficult, but not impossible task to complete - with ...

Systematic Trend Trading

a bit of weekend humour image

Systematic Trend Trading

3:1 RR, 30% win rate, risking 0.5%. The arrow is a 30R drawdown * credit to Rivo for the chart image

Systematic Trend Trading

still following the "myths in forex thread" - you can learn a lot about how not to think from that thread. There are some myths, one of the most obvious is "risk 1% per trade" - fixing one of the most important metrics of your system without any ...

Systematic Trend Trading

true, and I would completely ignore it. I, and a lot of people I have worked with for years have crunched the numbers on this, it makes no difference in the long run even when it appears to in the short term. The initial entry pattern is best when ...

Systematic Trend Trading

"Professor Robert Sapolsky’s book about stress, Why Zebras Don’t Get Ulcers, notes that most animals get stress from physical risks. Humans, on the other hand, now get most of their stress from psychological factors. With animals, stress dissipates ...

Systematic Trend Trading

of course if the numbers make you feel uncomfortable then you use the same edge and fit it to your own personal profit/pain ratio. For example you could trail after 2R which would drastically reduce the returns, reduce the drawdowns and allow a ...

Systematic Trend Trading

I would be happy with 0.5% or below, definitely not 1%.

Systematic Trend Trading

last 2 trades of the week, 165 stopped, 166 running image

Systematic Trend Trading

Long term plan starting to pay off, nothing for me to do other than execute my plan every week and wait. Results: Week 1 +4R Week 2 -14R Week 3 -2R Week 4 -3R Week 5 +3R Week 6 +4R Week 7 -7R Week 8 -10R Week 9 -4R Week 10 -13 Week 11 +21 Week 12 +6 ...

Systematic Trend Trading

wide ranging moves can be as profitable as long sustained trends in one direction, you just need a simple direction filter and a way to maximise gains. Hopefully EJ will trend all the way to the bottom again - perfect market conditions right now. ...

Systematic Trend Trading

Jim O'Shaughnessy‏ @jposhaughnessy 3h3 hours ago If you want to do better than the market, you have to be different than the market. For many, the discomfort this creates is more painful than the hoped for returns. If you're a professional, it also ...

Systematic Trend Trading

Trade 162 +7R Trade 163, 164 stopped image

Systematic Trend Trading

There’s a quick and easy way to test whether an activity involves skill: ask whether you can lose on purpose.” ―Michael J. Mauboussin, The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing

Systematic Trend Trading

Peter Brandt "Win rate is the most over-rated and over-exploited trading metric existing." The metrics that matter are: 1. Max % of total capital risked per trade 2. Ratio of avg. win size to avg. loss size 3. Gain-to-Pain ratio (cume ROR of all ...

Systematic Trend Trading

any of his books, but the success equation is the one I would suggest first. I like your thought process on exits, what we often over look is that the majority will be doing what feels right over what is right, we are best to be very wary of what ...

Systematic Trend Trading