candles movements typically pull back after X amount of pips movement from base... lets say 50 pips usually pulls back so if 6th candle and it ranges 50 pips up its got x chance to pull back to x then x chance to reverse the 7th if it occurs at CM or resistance maybe its a bounce.... exit 1/2 in profit and wait?
direct statistical trading a "clearly" defined approach by NTW31
- Thread starter nukethewhales31
- Start date
candles movements typically pull back after X amount of pips movement from base... lets say 50 pips usually pulls back so if 6th candle and it ranges 50 pips up its got x chance to pull back to x then x chance to reverse the 7th if it occurs at CM or resistance maybe its a bounce.... exit 1/2 in profit and wait?
Oh in case you're interested, word is that Oanda is fixin to add trailing stops. They're beta in the game right now.
trailing stop beta
trailing stop beta
wow thats gonna be awesome ive been writing them e-mails forever about that... now if theyd add some other crap and the ability to write code and clear up the way it closes and says its disconnected all the time i may be happy
seriously guys i need help figuring this out....
http://www.elitetrader.com/vb/showthread.php?s=&threadid=152845 heres the post seriously we need to put our heads together here.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=152845 heres the post seriously we need to put our heads together here.
next uptrend may be around christmas time maybe.... raindeer formation.
v305x90
looks like the only one who succeed untill now
whas Knocks420, but his example (page 30) shows to
many trades, a total of 11000 in 3 years which
makes an average of 10-11 positions a tradingday
so he cant follow the "exact" rules posted here
or he is refering to hourly bars data instead of 3 hour
and so enters more trades on a session basis;
his equity looks greath no DD's to mention altough
i am not sure wether he calculated commissions and
slippage into account
the tread has been very interesting sofar; starting to die
at the moment, but it has opent my eyes for statistical trading
i have tried to code this is EL
the problem is removing the biggest LSD's (bigger then max SLD)
to make them fit NTW31's criterias
in excel it would be easy by removing the "invalid bars"
by hand but i am sure it could be codet untill today i havent
succeed
hey guys sorry ive been neglecting the thread i started ive been working really hard one a new business project so i havent had time to post.
but im still answering questions and what not
this is an approach or idea 4xqs that helps you develop an edge... ill discuss any ideas you have or give ideas on how to maybe. the bar formation that your talking about im sure is different then the curve you saw the one trader post... he probably used tick data like i suggested instead of bar formation with lsd and sld.. this works but it can only be done automatically because you cant place the trade fast enough by hand..
id look at ninja and find a high prob hourly setup and code with fixed numbers
he'f probably figured out how to refine this with tick data on the hourly with an automated system like ive posted up top no with the DD.. the more trades you make automatically the smoother the growth line but the closer you get to a decay point with spread..
if your trying to code this use tick data the bar formation looks good on the exterior but isnt the winning measurement of movement you have to get down and look at hour start and tick from there and find how far it moves... thats the best bet