Don't get me wrong. I'm not critizing at all! I'm a strong advocate of "big RR is way better than big win rate". Actually the more I study your system the more I like it (please develop on the TP part). The total loss with the 3 first engulfers in ...

H4 Power

What's the difference with Step 1: Entry Sell 0.10 EURUSD @ 1.3073 ------------------> You are net short 0.10 the price going up 60 pips Step 2: Take the loss @ 1.3133 ------------------------------> You are out of the market with a 60 pips loss the ...

Hedge a losing position?

Sorry, it wasn't clear you were adding to the winning entries. I also understood you wanted the M15 trigger to appear within the very next H4. Below G/U 9th of Apr 02:00 UTC. Only the 5th M15 engulfer worked but it happend after the next H4 closed ...

H4 Power

Just an idea thrown in the air... What about drawing a line at the H4 SL then switch to M15 and enter with a M15 SL until the price closes below the line; which void the signal? The sum of the accumulated little losses should be smaller than the big ...

H4 Power

+1 That's exactly what I meant when I said

Question for experienced trade system creators and theorists

I suspect he means to close the hedger partially until completely closed. So he can vary the net lot sizing in the direction of the current move. madmax85 I wish you post an example. For now my optimal solution to the problem of riding the pullback ...

Hedge a losing position?

Don't limit yourself for bad reasons. You can download histo data from here for instance url

Question for experienced trade system creators and theorists

The more trades in a given period the more likely they will be correlated. But I don't know you system. The entry prices will be very near one of the others. In short you get a group of winners or a group of losers. It becomes more or less ...

Question for experienced trade system creators and theorists

Hello. In your example your system triggers a buy right into an obvious resistance; this after a big up move. Wouldn't it be safer to wait for a pullback?

Best Trading System (Only Momentum)

Hi! I don't consider myself an experienced system creator but I'm writing one. You say you are closed to discuss the R:R of 1. I hope you'll change your mind by yourself... Same for the 3 months test period. You need at least testing your system ...

Question for experienced trade system creators and theorists

Would you consider this 2-bar engulfer as a trigger as it closed below the 2 previous lows? image

H4 Power

Say I'm short from H4. I trail my stop on the H4. I use the 2 previous H4 highest (to allow for a minor pullback/continuation). At the end of the day the trade is still alive. Daily prints a candle that confirms the down move (or that you would ...

H4 Power

I'm afraid there is nothing to master. I turned the question in all the possible ways (I think). The results never beat "just close" when you play that game. It happens in any system and so far my conclusion is that if the system is a winner it ...

H4 Power

Hello! What is your decision process when you're in a trade and an opposite setup appears?

H4 Power

You win!

Trading with and without Indicators

To the notable exception of the pSAR which is designed to exit a trade by trailing the SL[1], an indicator is only here to give a specific mesurement on the PA. If you want an indi to tell you "long now!". I see this as a misusage of it. "They are ...

Trading with and without Indicators

Good point! But if you want to use no indicators at all you will also have to exit at random (!), making you unable to manage the trade. Note that by "random" I don't mean you have to roll a dice or flip a coin. To me random means "indepently of ...

Trading with and without Indicators

Everybody trades with indicators. The candlestick chart is an indicator. The line chart is an indicator. Even tape reading is an indicator. You will notice it's going up or down. Not looking at the chart and using fundamentals? Nope you listen the ...

Trading with and without Indicators

Hi, Instead of hammering the signal services let me hammer the management of your example trade. If you exit 50% at 50 pips. You actually bank 25 pips measured in the size of your initial entry. at 4) you close 25% of 100 pips, so you bank another ...

Signal service skewing results: Is this normal?

You are right. I didn't think about it. I didn't plan to use them to find S/R. What about somewhat quantifying the TA methods? It's uncanny how TA works while objectively I see no reason why... Yet it works! On the other hand have a look at daily ...

Trading with altered price chart: P&F, Range Bar, Renko, Kagi, etc.