Tell me about stop and reverse strategies

[bpr]

Bpr

I am not sure I have a program that figures all those stats. All i generally care about is win rate (high) and average win at least twice average loss. I know by the end of the day I’ll be fine. Providing my average win isn’t 1 tick ROFLMAO

Here are 7 one contract ES trades i took this morning. Actually, on one trade I averaged into a losing position then exited both with a profit. Could you figure those stats for me? If 1.4 is pretty good then this should be better. All 7 were winners. So how does this work out? Just interested in knowing...

thanks

View attachment 182827

u can't calculate this with one day worth of trades ...it is meaningless
u need big enough sample size ...
may be take all trades in last 6 months

calculate the number of winners and loosers and thus find the winner percetage
and then calculate avreage winner = summation of winner /number of winners
and similarly average looser and then find the ratio
and use the calculation as shown in my previous post to calculate the expectancy

No fancy stuff very simple calculation.

you can calculate same thing with different 6 months period and compare the numbers it should be similar if you are following a consistent strategy

 

[volpri]

u can't calculate this with one day worth of trades ...it is meaningless
u need big enough sample size ...
may be take all trades in last 6 months

calculate the number of winners and loosers and thus find the winner percetage
and then calculate avreage winner = summation of winner /number of winners
and similarly average looser and then find the ratio
and use the calculation as shown in my previous post to calculate the expectancy

No fancy stuff very simple calculation.

you can calculate same thing with different 6 months period and compare the numbers it should be similar if you are following a consistent strategy

Ok

 

[speedo]

"People who look for easy money invariably pay for the privilege of proving conclusively that it
cannot be found on this earth."
- Jesse Livermore.

 

[digitalnomad]

"People who look for easy money invariably pay for the privilege of proving conclusively that it
cannot be found on this earth."
- Jesse Livermore.

“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”
- Jesse Livermore

 

[volpri]

“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”
- Jesse Livermore

How did Jesse die? Economically that is?

 

[volpri]

Took another meaningless trade. 5 lots this time. so 8 trades today. all winners.

high win rate. very good average win vs average loss. finished for the day.

 

[digitalnomad]

How did Jesse die? Economically that is?

Richer than us probably

 

[volpri]

Richer than us probably

ROFLMAO

 

[murray t turtle]

Five quick, partially-formed thoughts only ...

1. Either the "reversal entries" stand up, objectively, in their own right by having a proven collective edge, or they don't.

2. It's unlikely they do, for quite a few reasons - perhaps including the fact that if you take the concept to its logical conclusion, it leads to an "always in the market" strategy (and I've never seen an "always in" method that has a net positive expectancy, and find it fairly unlikely there is one, really).

3. PSAR itself was invented for stop-loss placement/adjustment, but seems to be "clutched at" for potential trade entries by traders in search of that "perfect, indicator-driven system" (who also seem to believe in predictive powers of indicator-combinations and in entries mattering more than everything else).

4. It wouldn't be relevant to me, because "being stopped out" wouldn't ever constitute an entry at all for my kind of trading: it just signifies "a losing entry", of which I've always had plenty and always will - and that's normal.

5. I suspect that it's a concept that perhaps appeals instinctively to people who like very high win-rates (and they tend not to do so well, overall, for quite a few reasons).

%%
I like the name parabolic time price,[PTP] but i so seldom use it, i really HATE to mention it.LOL
I'm still trying to make sense /spelling of an alligator ossilerator, so i'm not the best one to comment on an indicator And markets seldom stop,[ OK sometimes 3:00 central time ]so i would not get to excited about any dot indicator.......

 

[th0masq]

Anyone use this?

$tick indicator plus candle stick color bar (if $tick is extreme then most indicators would reach there lows or highs)


-1000>$tick>+1000

5min candle stick bar reversed color ((say ES drops 5pts and 5min chart has red bar. (note the low price of ES) next green bar look to enter Long with a stop at 2 ticks from the low)

take profits when STO hits highs or whatever risk reward you use. Risk losing 2pts to make 2 or greater.

this should yield a win rate greater than 50% if you believe that the lows or highs are in place.

Caution!!! if market is down or up big then $tick extreme doesn’t work as good contratrading. Meaning if ES is down 30pts and you see a -1000 tick move down the reversal trade isn’t as good vs a choppy day ES +-10pts range

This strategy will only produce 1-2 trades a day. sometimes none or sometimes 10. Most ppl find it hard to sit and wait for the move..lol