One of the informative responses so far. Thanks for sharing! Hope people continue in the same manner ...
Your first winning strategy
- Thread starter Alfing
- Start date
What time frame is that chart in?
Do you adjust your window size all the time. Because the smaller time frames are unlikely to have a window that fits them consistently.
yup.... makes me a little mad that I took so many damm years to figure that out
there's a tradeoff, less trades, less sharpe
Uh oh. That was Baby Bear's chair, porridge, and bed. Your better check the settings on that MA, might be too soft!
I don’t remember the time frame but if I did, that information would be treated as proprietary.
I also don’t know what “window size” means, but if scalping, I find gleaning about five pips of profit at a time to reap the most consistent gains, with around a 90% daily success rate.
However, I’m no longer using that style in that this August has seen me finally begin to get a handle on something that has eluded me for a long, long time, that is, adapting my system to longer time frames.
For example, the Euro-U.S. dollar has been falling ever since the middle of February, but has enjoyed a little bit of a break over the last five days or so. However, my daily and 4-hour charts suggest that at 1.1557 the pair is losing momentum, so I anticipate that I will soon be able to enter a short position, and will do so as soon as I get the go ahead from my 15-minute chart setup.
(I’m planning to begin testing this new take on my system publicly before the end of the year.)
I also don’t know what “window size” means, but if scalping, I find gleaning about five pips of profit at a time to reap the most consistent gains, with around a 90% daily success rate.
However, I’m no longer using that style in that this August has seen me finally begin to get a handle on something that has eluded me for a long, long time, that is, adapting my system to longer time frames.
For example, the Euro-U.S. dollar has been falling ever since the middle of February, but has enjoyed a little bit of a break over the last five days or so. However, my daily and 4-hour charts suggest that at 1.1557 the pair is losing momentum, so I anticipate that I will soon be able to enter a short position, and will do so as soon as I get the go ahead from my 15-minute chart setup.
(I’m planning to begin testing this new take on my system publicly before the end of the year.)
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I stand corrected!
My first winning strategy was trend-following. Actually, it found me - I was using chart patterns and swing trading entries and various exotic candlestick patterns. All this was for long-term trading. Results were OK but not as good as I had hoped and they were random so I kept hopping to new entry signals until I finally realised that the biggest winners were those that were with-trend and the quickest losers were those that were counter-trend.
The thing that really helped was keeping a trade journal that logged the strategy, entry signal and stop-loss signal, plus the TA set-up of the index if I was in a stock trade.
After that it was a simple decision to just take trades that followed the prevailing market trend. Entry patterns are increasingly unimportant as long as you take every opportunity that appears and have a rational stop-loss position.
The thing that really helped was keeping a trade journal that logged the strategy, entry signal and stop-loss signal, plus the TA set-up of the index if I was in a stock trade.
After that it was a simple decision to just take trades that followed the prevailing market trend. Entry patterns are increasingly unimportant as long as you take every opportunity that appears and have a rational stop-loss position.
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