My favorite author Alan Farley (he hates for me to say that) wrote "They see you coming."
Keeping Records
- Thread starter garage sale
- Start date
My favorite author Alan Farley (he hates for me to say that) wrote "They see you coming."
It's true but it is more of an exception though. Many times on days like today you can never find a good entry point.
Can you imagine the pain I endured holding until the close like my system said to do today? I am liberally rubbing champagne all over my insides to dull it. But I netted over 15 points per contract in compensation. Oh, but the points that got away after the HOD! Women who have spurned me haven't hurt as much. Would have been a better day if lying thieving insiders hadn't had to balance the bad news of AMZN versus the good news of MSFT before the close.
You trade NQ right? Today from 9:30 to 10:00, it moved only 10 pts (1838-1848), then it moved another 20 pts (48-68) after 10:00. [/QUOTE]
It was the 14.5 points it moved from 3:19 to 3:38 ET that hurt. Otherwise I would be drinking White Star instead of Domaine Carneros '06 tonight.
It was the 14.5 points it moved from 3:19 to 3:38 ET that hurt. Otherwise I would be drinking White Star instead of Domaine Carneros '06 tonight. [/B][/QUOTE]
Have you integrated the LeBeau Stops strategy into your automation? I find it works pretty well and could save substantial pts in NQ in both backtest and forward test when you are in profits in automation.
Have you integrated the LeBeau Stops strategy into your automation? I found it works pretty well and could save substantial pts in NQ in automation. [/B][/QUOTE]
I use Professor Joe Doaks' stop strategy. It is an unpublished method. Kindly educate a nearly blind wheelchair-bound old man averse to spending more than 30 seconds looking at others' approaches. What is LeBeau's?
I use Professor Joe Doaks' stop strategy. It is an unpublished method. Kindly educate a nearly blind wheelchair-bound old man averse to spending more than 30 seconds looking at others' approaches. What is LeBeau's? [/B][/QUOTE]
It is a trailing stop strategy based on different ATR (Chandelier_ATR, YoYo_ATR, profit point) and Parabolic_AF and Profit_Switch_Factor and other parameters. you can pick different setting for stocks, future and FX (the numbers are quite different from each other). It uses Globalvariable so you can visualize in backtest that at what price the trade is stopped out and choose whatever level of profit taking setting you like. The nice thing about it is it would tighten stop once the trade is in profit, so when the trend reverses it save a lot of points. I tried other ATR stop strategy but none really worked, finally I found the LeBeau stop and it works pretty well. It is in Tradestation Forum. You can easily find it.
It is a trailing stop strategy based on different ATR (Chandelier_ATR, YoYo_ATR, profit point) and Parabolic_AF and Profit_Switch_Factor and other parameters. you can set different setting for stocks, future and FX (the numbers are quite different from each other) and you can visualize what at what price the trade is stopped out as it uses Globalvariable so you can pinpoint the interaction of your indicators with the Lebeau Stop system and choose whatever level of profit taking strategy you like. The nice thing about it is it would tighten stop once the trade is in profit, so the trend reverses it save a lot of points. I tried other ATR stop strategy but none really worked, but the LeBeau stop works pretty well. It is in Tradestation Forum. You can easily find it. [/B][/QUOTE]
Whoa! You are waaaaaaaay smarter than the average ET dumbass. You new or an alley-ass of a discredited old dog? Thanks for that explanation. If I am understanding you right, it sounds like a tight profit stop. If so, my objection is that trading is not like sex. In sex, you want tight. In trading, you want loose. I don't want my trades screaming in discomfort. Plus, this verges on the theological. I use EasySignal because I am too smart to need EasyLanguage. Plus, my experience is that Doaks trumps LeBeau every time. Quite the genius, that Doaks.