Example Trading System

I was wondering if you are stopped out from a trade do you enter the opposite side or you just do one trade a day?
For example today first i had a short signal, but it proved to be just whipsaw and eventually i was stopped, but i had a buy entry :)) ( i am talking demo testing of course :)
 
Quote from dbs119:

I was wondering if you are stopped out from a trade do you enter the opposite side or you just do one trade a day?
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This was already discussed in this thread: there are no reversals, one trade a day only according to the original method...
 
Quote from eminitrader_1:

thx lefty......now what does that mean? lol
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MFE = max win
MAE = max loss

for example, say you were long ABC at 10.00 and got out at 10.25 at the close of the next 5min bar. the OHLC for that bar was:

O = 10.00
H = 10.35 <--------- MFE
L = 9.95 <--------- MAE
C = 10.25

hope this helps.

take care -

omni
 
Thanks guys for answering the MFE, MAE querry. I included it on the sheet so that people can test whether stops/targets might help them. I couldn't find any that improved the system but someone might!
 
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