PRINCIPLES OF GREAT TRADERS

VSTscalper said:
Here is an example of an Algo - based on what I call - "True Price Action". It was developed to "Cut Losses" - "Ride Winners" - and of course by doing this - we can to some extent - "Manage Emotions".

The Algo has a "VERY LOW" Winning Percentage - which sounds BAD - but by "Cutting Losses" relatively quick - that is what can happen. Look at the following pictures - especially - "Total Trade Analysis" - please take time to really study it.

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Amazing xD

No commissions ?
Lovely equity curve !
Despite the low win rate

Heard Livermore had a 60% Win rate,
But the point is ... How much you make vs How much you lose
Most of the traders from post #1 have low win rate + high Reward to Risk

They behave like a casino.
Larry Hite: There are good bets and bad ones.
He focus on making +EV trade, whether he win or lose.
He would rather lose a good bet than win a bad one.
The worst being to lose @ a bad bet !

"I don't see market. I see Risk, Reward & Money"

That's why some say trading is a number game.
Because we shouldn't bother about winning or losing this trade,
But we should focus on the next 100+ trades. Law of large numbers !
 
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VSTscalper said:
Here is an example ...
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Of note, look at the time in trade. If the time in trade goes to longer terms, then things get more complicated. This seems like a good example of meshing time horizon and drawn down potential. Simply put, it avoids, by passes, the issue all together. Well Done!
 
VSTscalper said:
I just added the Algo Inputs - to the original post.
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Sounds like the algorithm is pyramiding ?
50+ average Win/Loss is crazy based on the short timeframe.

Are you Buying every 20 points up and Selling every 20 points down ?
 
Sekiyo said:
Sounds like the algorithm is pyramiding ?
50+ average Win/Loss is crazy based on the short timeframe.

Are you Buying every 20 points up and Selling every 20 points down ?
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No - not doing that. This is what I call my Bizarro Code. I am sure most traders have heard of AI by now. Well - I have been coding with AI - based on what I have learned - from some programming friends at Microsoft and Google. I live close to the Microsoft Main Campus - in the Seattle area and also close to a Google Campus.

When I first developed my newer Algos - I actually decided NOT to use it - because the results were too good - so I kind of thought - something is wrong - LOL. One day - I took another look at the Algo - decided to try trading with it - and have been using a version ever since.

I really don't want to say too much right now.
 
VSTscalper said:
No - not doing that. This is what I call my Bizarro Code. I am sure most traders have heard of AI by now. Well - I have been coding with AI - based on what I have learned - from some programming friends at Microsoft and Google. I live close to the Microsoft Main Campus - in the Seattle area and also close to a Google Campus.

When I first developed my newer Algos - I actually decided NOT to use it - because the results were too good - so I kind of thought - something is wrong - LOL. One day - I took another look at the Algo - decided to try trading with it - and have been using a version ever since.

I really don't want to say too much right now.
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Thanks for sharing
Definitely looks too good :P
 
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