Hi Billy, can you please explain this? Do you mean trade number 3 when the low fails? Or do you mean not 3rd trade (if not third, what is it?) Regards

Billytt Die happy trading e/j daily breakout

Even if you "pick" the perfect outier/line, no guarantee that the price will "move" away from the line, nor that the price will not "bounce" before you blow out. Even with 1% risk, you the price might bounce 50 times and you are clean

Simple trading but profitable

Hi, Please see my thread here: url Backtesting cannot be used to trade, at all. For example, 2R in your table has mas losing streaks of 19, but that doesn't mean when you trade it you will have 19 max, in other words what would you do if you trade ...

Systematic Trend Trading

Thanks Billy when you come back can you please explain the math behind 5% on 5 pips? For example a £1000 account means £50 on 5 pips. What leverage is required? This also means you double the account in one month. So 5% * 20 trading days = 100% Is ...

Billytt Die happy trading e/j daily breakout

And what if 8am candle break fails?

Billytt Die happy trading e/j daily breakout

Hi Billy and lem, - Are you using same position sizing for brake and for retrace? - What if the retrace fails?

Billytt Die happy trading e/j daily breakout

False url

90% of traders lose money! True or False?

According to the report 24% were winners/profitable over the last year 2017. And this is a market maker broker and offers spread betting accounts

99.99999% lose money

So that's a fixed then. I wonder what you think of dynamic reward? For example you enter a trade and instead of having 40 pips tp you let it run to the end of day or moving average crossover etc?

What's your TP? Fixed reward vs dynamic reward

What is it in terms of multiple R?

What's your TP? Fixed reward vs dynamic reward

In other words

Automation and backtesting

My understanding is backtesting period means nothing! Because you can extend or shorten the period and you get completely opposite results. So the line graph above, the period could have from peak 125000 to 9000 so you end up with 10% of your ...

Automation and backtesting

1% accumulated (blue) , pip accumulated (red)

Automation and backtesting

PIPS (blue) vs 1% Risk (red) 10000 acc

Automation and backtesting

Again same problem, random periods give random (negative) results. Why? Why pro traders say test 100 trades to see if a system has positive expectancy? But when it has, it fails for 200 trades or 1000 trades? Does it matter if 100 trades are from X ...

Automation and backtesting

New analysis, this time adding a comparison of yesterday (for example, buy yesterday and buy today, sell yesterday and sell today, buy or sell yesterday and the opposite today) Y B T B 0.1139 Y S T S 0.0521 Y B T S || Y S T B 0.0521 ALL 0.1481

Automation and backtesting

Why "understanding the market (or similar concepts)" cannot be programmed in the backtesting?

Automation and backtesting