Anyone use my method?
- Thread starter no_pm_please
- Start date
okay great. thanks. the number of trades you are taking nowadays should have gone way down then. you are more strict about your rules and you said in an earlier post that you don't trade for the rest of the day if the first trade is a loser.
i asked this question in an earlier post. not sure if you saw it.
in your previous thread, you said that you trade this method and an advanced method. i am still unsure if the performance stats you have given at various times refer to this method alone or the combined method. can you please give your stats for this method alone for as long a continuous time period as possible?
avg #trades/month for this system alone:
win%:
avg % gain on closed winners:
avg % loss on closed losers:
reward/risk: (calculated using closed winners and closed losers)
longest losing streak:
in previous posts, you have referred to your reward/risk ratio on an individual winning trade as actual gain / anticipated stop loss. this seems to be fine when viewed from one perspective.
however, that statistic can be very different than the average of all the closed gains divided by the closed losses. can you please provided the reward/risk ratio calculated this way?
thanks.
ok makes sense, thx for clarifying, i'll continue to monitor the comments here and make adjustments, also i am wondering how you came up with the cci settings / parameters, was this a trial and error to see what works best or some other method - i have run this system using a standard 3/10/16 MACD instead of cci, it seems the cci with your settings is more sensitive and produces more signals vs macd..., thx, all the best.
Yes it is. I don't take those trades. Decide for yourself if you want to take them.
I'm sorry I don't have all the stats you want. I track risk:reward per-trade, %win, and number of trades. The average reward:risk has been 1.6 for this year. I risk 2% per-trade so the average % loss on losers is going to be 2%. With a reward:risk of 1.6 the average % gain should be 3.2%. The average number of trades per-month has been 18 through November of this year. And the percent winners through November has been 74.8% (148 winners out of 198 trades). Since I make changes on the fly the stats are only best viewed in hindsight. On any given day I might make a change which could throw off any attempt at predicting past,present, or future results.
The cci settings are just the standard setups that come with tradestation. I haven't played with it at all. I just looked at some trades with it and noticed it made looking at divergences easier.
Sorry, I'm very tired and didn't notice.
Well i have read some of the pages from the original and some here also. If it works fine. But i must must say, many short term reversal signals can be deciphered without oscillators. Watching price bars and volume by themselves can do the same thing, as the mkt goes from trending to consolidations is no real mystery to spot.
And with no need to change oscillators either. But in closing, the style you use can help others with something to hang their hat on in developing there own style. thanks.......
PS, as no_pm_please originally stated: On one-way, trender days, this strat loses....YEP, sure will, ....counter trend reversal trading is playing with fire if one is careless. But thankfully NO PM gives the STOP points, that is good. My main mission is to be a breakout catcher to "CATCH" the one way trend days.....................
as a final thought here: Do not mix reversal trading with breakout trading, you might get your signals crossed....OPPS!!!
And with no need to change oscillators either. But in closing, the style you use can help others with something to hang their hat on in developing there own style. thanks.......
PS, as no_pm_please originally stated: On one-way, trender days, this strat loses....YEP, sure will, ....counter trend reversal trading is playing with fire if one is careless. But thankfully NO PM gives the STOP points, that is good. My main mission is to be a breakout catcher to "CATCH" the one way trend days.....................
as a final thought here: Do not mix reversal trading with breakout trading, you might get your signals crossed....OPPS!!!