ES/ 1 Point Target, no stops

[oldtime]

Quote from oldtime:

Here's the ES strategy that turned me profitable

always trades the same size

put it on with a one point target

use no stops

you can always get the one point target, although sometimes it takes a while

hit rate is 100%

any questions post here

at anyrate, it is almost universally accepted that the above strategy will be a long time serious loser

so wouldn't doing the exact opposite be a long time winner?

1 point stops
no target

 

[abattia]

Quote from oldtime:

at anyrate, it is almost universally accepted that the above strategy will be a long time serious loser

so wouldn't doing the exact opposite be a long time winner?

1 point stops
no target

So when would you exit? Only when it goes to your stop?

 

[oldtime]

Quote from abattia:

So when would you exit? Only when it goes to your stop?

you should have it so bad

the only problem is when to take a profit that is so large, if it was a loss, it would wipe you out

 

[oldtime]

Quote from abattia:

So when would you exit? Only when it goes to your stop?

or do you believe the stop will always be hit?

 

[oldtime]

Quote from oldtime:

or do you believe the stop will always be hit?

100% failure rate?

if so, you might as well trade the 1 point target, no stop, strategy

 

[Pekelo]

Quote from oldtime:

the above strategy will be a long time serious loser

NOW you are telling me, when I am down 260 pts???

Please, I need an expert advice, which strategy should I use, the original or the reverse one???

P.S.: The opposite of dumbass sometimes can be imbecile....

 

[oldtime]

Quote from Pekelo:

NOW you are telling me, when I am down 260 pts???

Please, I need an expert advice, which strategy should I use, the original or the reverse one???

P.S.: The opposite of dumbass sometimes can be imbecile....

opposites attract

 

[Spectre2007]

If you randomly pick a price point in the past and put in a trade with 1 point stops, inline with the liner regression trend (multiyear) at the periphery of ATR. How many trades would stop out and how the one that didnt stop out, would it pay for previous stop out plus more?



thats what the OP is getting at.

Trying to do this will teach you how to trade...

- trade volatile market
- trade at outside ATR's
- trade with the trend
- small losses, large gain (by a factor of 10).


---- this is the holy grail.

 

[marketsurfer]

Quote from Spectre2007:

If you randomly pick a price point in the past and put in a trade with 1 point stops, inline with the liner regression trend (multiyear) at the periphery of ATR. How many trades would stop out and how the one that didnt stop out, would it pay for previous stop out plus more?



thats what the OP is getting at.

Trying to do this will teach you how to trade...

- trade volatile market
- trade at outside ATR's
- trade with the trend
- small losses, large gain (by a factor of 10).


---- this is the holy grail.

Amen, brother. Truth. surf.

Ps-- have you or have you seen this strategy programmed?

 

[marketsurfer]

Looks like the oldtimer has figured out how to beat the market at its own game.

Bravo! First real working method in a long time on elite. No doji or mr Hershey magic powers required.

Surf