Search results

Trading is difficult because: developing a profitable exit system is extremely difficult.

Today's scalping only following PBP. Entry: only when price respects PBP. Exit: profit target of 5 ticks (arbitrary) Stop loss: a) FastMA slope changing b) crossing above/below the "natural stop" set by previous high or low. Sadly on this beautifully trending day I ended up...

...and if you set them too high you also will never win over time because they will never be hit... Kind of ambiguous :confused: Is this what you mean? "Good natural stop?" Vs. "Bad natural stop?" So they don't count as HH/LLs because the fastMA slope didn't actually...

I'm not looking for a holy grail indicator. I'm just concerned because it takes 4 5-tick scalping wins to cancel out that one 20-tick loss I just posted. Then what? Don't small losses have to be offset by one of the following: 1) big wins 2) more frequent small wins? And yes, I'm...

Ok this scalping thing is scaring me I need to come up with an algorithm for profit targets and stop losses as a function of some percentage of the height of the previous wave or something. Or maybe I should just pick some arbitrary number like 5 ticks, since looking at my previous results...

Yes it is. I set my candles to change color based on HMA slope. That's how jjrvat does it in the examples he posts, too. edit - I'm not using Heikin-Ashi candles. I know they follow their own slope rules.

For the rest of the week I'm only going to take perfect PBP setups in my demo account trading. I will compare this against taking everything which is easy to backtest (manually) and I can do it after the close for the day. Right now since I will be setting much lower profit targets than...

Ok well here's my first question of the evening: When there are things that look like LHs, LLs, HHs, or HLs in a slope that isn't changing colors, do you still count them as LHs, LLs, HHs, or HLs? Example:

I feel dumb but I don't see any trades listed on your chart other than the buy at 115 and the sell at 115'300. Is each PBP setup a "trade" then? Are you still liking the Heikin-Ashi candles then? Nice work. edit - between arrows 4 and 5 I see a couple slope-color-changes. Did you not...

jjrvat, those last two posts were very helpful. Thanks. I'm reading them over and over while looking at my charts.

I don't know why he didnt quit/reitre when he had a few million. I would. Or at least i'd stop being risky. A few million is enough to retire with invested conservatively with low/no risk and never touch the principal. That's my goal. I'd rather retire young w a few million (stress free...

I believe you are calculating R/R with known data. Doesn't R/R have to be calculated before you enter the trade so you know where to put your stop? My point is that looks like very good R/R in that image, but you had no idea of knowing how much the trade would go in your favor before you...

Hi Mr_Black, I'm afraid I don't understand what filter criteria you used or what your rules were. (I'm assuming SS = short sale and B = buy)

Hey, welcome to ET :) I think the 240WMA is the macro direction, so trading when both that and the HMA are lined up is trading with the macro direction. Correct me if I'm wrong. So you're only taking long trades after HL and HH, and short trades only after LH and LLs. The reason I...

Are you saying only enter if the second bar closes below (for short) or above (for long) the signal bar? I'm not sure if that's a good confirmation tool. And I assume you would expand this so that if the 2nd through nth bars after the slope changes don't close below it to still go...

What kind of opening strategy takes $1M to do, and why doesn't it work with less?

If you don't have $25k to trade it yourself, why not apply the same strategy to futures or forex, neither of which require a minimum dollar amount or have a wash sale rule.

What is a "heavy?" Write code to backtest your system for a few years. Then trade it yourself for a few years. Profit. Then you'll be able to sell it.

Taking the WMAs slope into account resulted in worse performance over the time that I have data for. For the 3 days I didn't have data, I removed the corresponding data from the control group to keep things fair. This system only took trades if the WMA's slope was more than a certain...

I coded an indicator that shows the change in slope of WMA from one candle to the next. I'm going to see how many bad trades it prevents me from taking and how many good trades it causes me to miss. I'm not planning on adding any indicators to PBP. I just made this one to help me...