direct statistical trading a "clearly" defined approach by NTW31

[nukethewhales31]

so lets look at the current eur/usd chart

bar short long
21 .5 36
20 3.3 64
19 5.6 25
18 8.3 36
17 .4 54
16 3.1 22
15 3.1 33
14 1.6 20
13 83
14.5

12 .1 56.5
11 4.3 39.2
10 90
28.6
9 2 70
8 7 69
7 0 66
6 10 54
5 30
28.6
4 67
14
3 .4 51
2 59
30.4
1 1.3 74

LSD= 7 DFO
SLD = 14 DFO
n = 21 bars

entrance= 8 DFO
stop = open
take prof = 14 DFO
MDRR= 4:3
%tile accurate = 19/21 or 90.48%
POT= N trades 114
LOT= N trades 16
NPOT=N trades 98

LSD= longest shortest distance
SLD=Shortest Longest distance
N= period of calc bars
MDRR= market defined risk reward
POT=Profit over term
LOT= loss over term
NPOT= Net POT

next bars trade
open +8 entrance
open + 14 TP
open stop
expected success rate = 90.48%

 

[nukethewhales31]

open to questions...

 

[Ialwayslearn]

Nice work. Thank you for sharing.

 

[nukethewhales31]

3 HR EUR/$

can be modified for other time frames...

 

[nukethewhales31]

what did i not do right...

what protective measure did i not take even tho the trade is going well....

 

[nukethewhales31]

making newer higher highs

 

[nukethewhales31]

2 pips from TP

edite: profit hit blew past by a 1.5 pips

 

[nukethewhales31]

Quote from nukethewhales31:

what did i not do right...

traded both ways and when trade was initiated it was against bias.. tho i liked this trade as it was still high Prob.

what protective measure did i not take even tho the trade is going well....

didnt trade with the bias...

you can trade against the bias just look for your stops to be further and your Take profits to be closer. this will skew MDRR against making the trade MOST OF THE TIMe not all the time...

+54(1500)for the day

had one hourly candle hit a stop but you cant win em all cya for the day

 

[stevegee58]

Let me make sure I understand what that data table was a few posts back.

The first line in the table labeled #21 is the most recent bar in time?

The other 2 numbers after each bar # are (open price - low price) and (high price - open price)?

I imported your data into Excel and tried to duplicate your summary numbers such as LSD and SLD and got different results. The SLD agreed (the MIN of the longs?), but the LSD (the MAX of the shorts?) was 90.

The data formatting was a little funny and my "fixes" may have broken the data.

 

[jetbird]

I'm a little confused. What do you mean by "short" and "long" side? The side of the short wick, or short direction?

thanks