God Bless Averaging Up

Quote from stevegee58:

Sorry I was editing my previous post when you replied.

Do you add at fixed intervals, or discretionary based on "good" price action?

Do you start trailing immediately for each point in your favor, or trail in jumps?
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Steve,

Almost everything discretionary.
 
Say you could automate some of the drudgery of your approach. What features would you be looking for to make it easier to add and take off positions and manage stops?

Sorry for the obviously loaded question. I'm a software guy and have written my own custom apps for the IB API. I'm selfishly looking for further insights into your approach.

BTW, thanks for posting your ideas and insights. It's refreshing around a place like ET.
 
Quote from stevegee58:

Say you could automate some of the drudgery of your approach. What features would you be looking for to make it easier to add and take off positions and manage stops?

Sorry for the obviously loaded question. I'm a software guy and have written my own custom apps for the IB API. I'm selfishly looking for further insights into your approach.

BTW, thanks for posting your ideas and insights. It's refreshing around a place like ET.
More...

Steve,

I don't think I could automate it, I rely too much on market internals to make sure I don't go against the trend that matters.
 
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