Trading ES, reverse trade based stops

[romik]

Testing. A stop is a reverse trade. Some trades will be posted not in real time, but there will be big losses and wins, so I have no bias to be dishonest about entries, this is due to automation and I have to sleep sometimes.

Currently Long 2082.50

 

[romik]

The main idea is not to be motivated by a stop based on any chosen price level, but rather on a mathematical interpretation of price action but within a certain time frame. Strengthening = initiate & stay long until it's weakening = initiate & stay short until the opposite starts developing.

 

[Buy1Sell2]

Good fortune on the journal and the method. What time frame chart will you be using for the stop and reverse strategy?

 

[Autodidact]

Best wishes in your journal.

 

[romik]

Thank you. 30 minute frame, obviously 1 contact.

 

[dbphoenix]

Isn't this just SAR?

 

[romik]

PA still bullish on 30m

 

[Buy1Sell2]

PA still bullish on 30m

agreed. Have you brought your stop back up?

 

[romik]

Not trailing stop. If price weakens on chart I will sell 2 contracts.

 

[romik]

Testing. A stop is a reverse trade. Some trades will be posted not in real time, but there will be big losses and wins, so I have no bias to be dishonest about entries, this is due to automation and I have to sleep sometimes.

Currently Long 2082.50

Short 2099 as PA flipped negative right at the the end of session.

+16.5