70% success rate Metal intraday strategy

Your success rate?

  • 70%+

    Votes: 4 80.0%

  • 50%+

    Votes: 0 0.0%

  • Less than 50%

    Votes: 1 20.0%
  • Total voters
    5
R

rajesheck

Entry Rules

1# A RALLY of 0.5% or more within 20 minutes.

For example if the script is trading at 100 then a rally of 0.5% means rally from 100 to 100.5 or more



2# WAIT for 10 minutes



3# ENTER when there is a crossover of the rally before 60 minutes.

For example if the rally touches 100.5 by 10:10 am and crossover the same before 11:10 am.



Note : The rally need not be a high/low breakout. The rally can be either with the trend or against the trend.
 
rajesheck said:
Entry Rules

1# A RALLY of 0.5% or more within 20 minutes.

For example if the script is trading at 100 then a rally of 0.5% means rally from 100 to 100.5 or more



2# WAIT for 10 minutes

I've traded futures pretty much full-time for 45 years; some losing years, but rare. I'm an active day trader, oven trading 1,000 lots per day, but rarely holding more than 25-50 lots net. I've also tested hundreds of thousands of iterations in futures backtesting, and trading systems for several years. This as background for below:

The best traders in the world, IMO, have win ratios about 30-45%. Very short-term strategies, might be somewhat higher, but generally anything at 70% and above, I consider a pure lie, or if based on backtesting, then pure data-fitting.

3# ENTER when there is a crossover of the rally before 60 minutes.

For example if the rally touches 100.5 by 10:10 am and crossover the same before 11:10 am.



Note : The rally need not be a high/low breakout. The rally can be either with the trend or against the trend.
More...
 
rajesheck said:
Entry Rules

1# A RALLY of 0.5% or more within 20 minutes.

For example if the script is trading at 100 then a rally of 0.5% means rally from 100 to 100.5 or more



2# WAIT for 10 minutes

rajesheck said:
Entry Rules

1# A RALLY of 0.5% or more within 20 minutes.

For example if the script is trading at 100 then a rally of 0.5% means rally from 100 to 100.5 or more



2# WAIT for 10 minutes

This was filtered incorrectly below, so I'm repeating:

I've traded futures pretty much full-time for 45 years; some losing years, but rare. I'm an active day trader, oven trading 1,000 lots per day, but rarely holding more than 25-50 lots net. I've also tested hundreds of thousands of iterations in futures backtesting, and trading systems for several years. This as background for below:

The best traders in the world, IMO, have win ratios about 30-45%. Very short-term strategies, might be somewhat higher, but generally anything at 70% and above, I consider a pure lie, or if based on backtesting, then pure data-fitting.
More...
More...
 
Broadly speaking there are two approaches to trading.
1. Prediction based
2. Momentum based

I strongly believe prediction based trading is gambling. Momentum based trading is controllable and profitable.

This strategy is momentum (velocity) based....distance (0.18% or more) and time (within 20 minutes).

Intraday trading gives me more control than positional.

The exit strategy can be anything of your own style and preference. It can be either scalping or trend trading or range bound or a hybrid version.

This strategy can also be used for positional trading as an entry strategy.

You can use, play, tweak, experiment, adopt and improvise with this strategy as you wish. Except under extreme market conditions like very high volatility, I would suggest to use this strategy ANYTIME with confidence and without fear. Because there is In-Built safety measures in this strategy. :)
 
i agree 1000%......an attempt at position trading has led to my biggest loses......intraday most times i lose also.....research, trending and scalping the seasonal cycle stocks has led to profits.
 
so today i would like to try and use lumber as the trend commodity........

what is the script and maybe you can help me muscle through this..

what is the script.
 
Algo-Trading VS Momentum Trading

The advantage of Algo-Trading is that it purely depends on the chart pattern and nothing else.

Disadvantage is that Algo scripts cannot be configured to minimise the hit rate of stop loss just before it hits the target. In effect the success rate dips.

On the other hand momentum trading is purely based on chart pattern (like Algos) and at the same time the Rally>>Wait>>Enter approach controls the hit rate of stop loss. Eventually the success rate is maintained at optimal level.
 
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logic is the key said:
so today i would like to try and use lumber as the trend commodity........

what is the script and maybe you can help me muscle through this..

what is the script.
More...

As said above this strategy 100% depends on the chart pattern and nothing outside. But the problem is it has three subsequent events:

1. A rally with a
a. specific price action and
b. within a specified timeframe

2. Wait for a specific period.

3. Entry based on first event's price action.

I am not sure if there is any Algo platform out there that allows us to write script on inter dependent events like this strategy.
 
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