Quote from increasenow:
I am so serious...please no jokes
Quote from hypostomus:
Ah, would that it were so simple. The old "Fifteen Minute Range Breakout". Sad to say, you can pick ANY specific delay after the open, and the BO from it does not test with positive expectancy for ANY specific profit target without using a breathtaking stop, which typically exceeds the profit target. I use a morning BO system, but it has to be much more sophistrycated to pay off. Next system, please!
Thanks Mr. Hershey...anychance to break this down to 'mear human talk'...Quote from cd23:
Okay I will double the complexity of what I suggested to eliminate the serious complexity you added (the breathtaking stops system).
I did not envision stops just a hold until the 2 ticks was reached.
I will add an alternative exit: once entry is achieved; do exit 1. or exit 2., whichever comes first.
1. Original exit.
2. Wash exit @ entry value or in worst case @ reference value of bar 3.
Also lets up the number of trades per day to make monitoring more fun.
Draw a lateral ray from the reference value of bar three into the future. Do this daily.
Deploy the entry rule with a neutral bias (bilaterally) as the day procedes. Alway use rules 1 and 2 as the exit. I know the consequences of this application of rule two.
As an alternative to the original entry, use the first wall on DOM as a replacement for the bar 3 BO entry; the exit would be the next (opposite) wall on the DOM. Both trades are @ market "inside" the DOM walls. After capital is doubled, use each DOM wall in succession throughout the day and apply all possible capital. Upper limit 50 contracts and withdraw surplus on Fridays.