What are the drawbacks?
- Thread starter Spectre2007
- Start date
CL multiyear - how do you take advantage of the consolidative zones implicitly. When you can't predict if a market is trending or consolidating over a multi year period.
FloatingPL
Description
The Floating PL study plots floating Profit/Loss value based on strategy signals. For each bar, this value is equal to the possible Profit/Loss if the position were exited at the Close price.
So you want to erase DD
By modifying the P&L ?
With a rubber ?
Description
The Floating PL study plots floating Profit/Loss value based on strategy signals. For each bar, this value is equal to the possible Profit/Loss if the position were exited at the Close price.
So you want to erase DD
By modifying the P&L ?
With a rubber ?
Didn't know what was that.
Googled it and found the def on ToS Ameritrade.
https://tlc.thinkorswim.com/center/charting/studies/studies-library/E-F/FloatingPL.html
However it's not difficult to reproduce it.
In case you can build indicator with your platform.
The ToS Ameritrade seems like a good platform.
Anyone try it? Is there any latency comparing with TT net?
Somehow with that FloatingPL for CL, my guess is price will start moving up around July period.
Heee... Just another guess~~
Going back to flipping burgers or some other line of work. Best not to even mention the name of a symbol ....or worse disclose what bar interval works best.
Wouldn't matter. Most will not follow something that has been proven to work. The edge in successful trading is Prudent Risk Management. Nearly all traders will skip that in their trading journey.
It would matter to the 1%, vendors, institutional, and brokers, the three who can wipe out a system you might have that shows it can do better than the norm. But you can hand out a million dollar system and but a few of very experienced traders here will run with it, then you are going to compete with those who trade heavy.