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    A Brief History of my Strategy Development

    So I added a counter measure plan. Here comes a live paper trade (wooo), I would take. Complying with my set of Rules Added a Counter Strategy What I can see here: daily looks messy but weekly shows me, that is no trend but a range on the weekly i spot this as a support area daily: on the...
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    A Brief History of my Strategy Development

    Thank you again. I took my time: Thoughts related were, that counter measures are necessary, if the inital trading setup doesnt work out. Besides I am doing a manuel backtesting. I know that is prone to hindsight and thelike but relying on strict parameters - not to trick myself. This is a...
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    A Brief History of my Strategy Development

    appreciate your finger pointing. I take my time to think it through and share the thoughts related to an example based on your comment.
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    A Brief History of my Strategy Development

    The Rationale behind it: What is a Hammer? It has a long wick, a small body and can close green or red. A Hammer is the most obvious signal for a change in the current market direction. Because in a single time unit, price moves in one direction and reverses in the opposite direction in an...
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    A Brief History of my Strategy Development

    And thats the one I am looking for: daily uptrend, forming Higher Highs and Higher Lows even better: the Signal forms above a former broken restistance line, now a support level box ticked: before the Signal ( Hammer) a correction was evident Take Profit: the beginning of the correction marks...
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    A Brief History of my Strategy Development

    On Backtesting Appreciating your thoughts on backesting. That is the same, what I heard about it from others aswell. Find link here: https://www.elitetrader.com/et/threads/profitable-pattern.339206/page-4 Key fact in that backtesting was a in-sample and out-of-sample backtesting, including also...
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    A Brief History of my Strategy Development

    Basis Concepts This is no backtesting. I am already trying to do it manually (right). It is time consuming and hindsight can be a problem. Anyway I will post a link to a backtest thread once it is finished This is forward testing. This can be a problem. I know that. Especially when tweaking...
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    A Brief History of my Strategy Development

    I digged in this forum for quite some time, before I decided or felt comfortable entering. I view this as "the pit", requiring one to have a base knowledge of trading. I have deep respect for anyone who is sharing insights, pointing in the right direction and taking the time to write a related...
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    A Brief History of my Strategy Development

    I'm a newbie, paper trading since 2016 and approching the trading world like so much others did it before: holy grail searching via programming code, flipping from one strategy every now an then, overoptimizing backtesting results and curve fitting until no loss is left and of course the Youtube...
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    Profitable pattern

    Finally appreciating your insights shwoing different results of the same trade strategy in different markts / trade products. Didn't thought it can make that difference.
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    Profitable pattern

    On "you're asking for someone to analyze your trade strategy" I have no intention for somebody else to do my job. I tried to perform, in order to show that I'm willing to go in that direction experienced traders are pointing and worth an answer of a person spending half an hour answering me...
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    Profitable pattern

    This is the NQ future analysed from 1999 to 2016. I was looking for an Inverted Hammer, that has to meet the following criteria: candle closes “green” (close > open) lower wick / shadow of the candle has to be a least twice as long as the body of the candle lower wick / shadow of the...
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    Profitable pattern

    no matter how short my time - never can be too short to thank for a caring answer. I will reply in depth tomorrow
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    Profitable pattern

    Thank you Mark, Mentioning your old forum name was only intended to be a reference and not to cause any trouble. Sorry from my side, if it was. I hope other newbies, as I regard myself, can use this reference as a paper trail while diving through the forum just as I did in the beginning. I...
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    Profitable pattern

    Hello NihabaAshi, great to get "hands" on you and the only reason why I registered and posting right now. My approach is similar to the one mentioned here and I want to add flesh: First: Rules of the Trade Strategy - Entry Signal is a local High of an Inverted Hammer in an Uptrend in a 1D...
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