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60minuteman replied May 16, 2018Complexity Bias: Why We Prefer Complicated to Simple url
Systematic Trend Trading
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60minuteman replied May 16, 2018One of the simplest ways to lose weight is to consume less calories and exercise a little more. One of the simplest ways to make profit from trading is to have wins much larger than losers and accept a lower win rate. Both are very hard sells to ...
Systematic Trend Trading
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60minuteman replied May 15, 201818 consecutive losers would kill off nearly all small traders (I don't like the term retail) - but it is well within the systems expected performance. So you have to ask yourself if you believe your data (information) or your biasses. image
Systematic Trend Trading
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60minuteman replied May 15, 2018I guess 60% of traders would have walked away last week and by now 90%+ would ditch a strategy like this. You have to have a sound understand of probabilities to trade for high returns and high RR. You're just going to be mostly losing, not ...
Systematic Trend Trading
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60minuteman replied May 14, 2018"Man is a credulous animal, and must believe something; in the absence of good grounds for belief, he will be satisfied with bad ones." --Bertrand Russell
Systematic Trend Trading
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60minuteman replied May 14, 2018Purely on data Checkz, UJ and EJ test the best. I appreciate that everything that outperforms a base rate will suffer from mean reversion so you have to keep data going forward too. I tested everything for 10 years. 15 minute timeframe because I ...
Systematic Trend Trading
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60minuteman replied May 11, 2018Hi Chekz, the data on trailing stops (which moving to b.e is) is pretty clear, trailing stops nearly always increases profitability but the effect is nullified by moving stops too quickly or too tightly. With a 10R target I like a move to b.e at 5R.
Systematic Trend Trading
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60minuteman replied May 11, 2018'I wish it were not so, but living through losing trades is part of the process of finding the really good trades. Welcome to trading.' Peter Brandt
Systematic Trend Trading
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60minuteman replied May 11, 2018I posted 3 of my favourite entry patterns earlier in the thread. But this is more about high risk reward ratios and a live example of the sort of process you need to go through.
Systematic Trend Trading