The average proces to be good in a 'profession' is about 5,68 years( doctors, lawyers, engineers, and so on) if you 'work' on it 8 hours a day......
Next step: using money management to meet your objectives. Here it is important to know what you want in terms of 'drawdown' and 'ROI'. If...
I see that I have had the equity chart up without the end capital adjustment of the first period... Here is the 'correct' one
The remark about hindsight is a very good remark. It is a trap for most 'newbies' in system design. The most important thing that can help you...
Not in this case: You use the 'prior' months reading to turn your system on or off...
Report of the second period.
Equity chart of our second go period. I have put in the end capital of the first period to have a compound result in total dollars...
Report of first go period
You see that the long flat period is exaclty the same time where there was a 'bear' market. Now in our case it did not realy hurt our equity, but...
Report without marketfilter from 98 untill now.
You can see that the equity chart was in a drawdown from '88 untill '98. This is because AAPL, our test symbol, was not realy in a 'bull' mode in...
Before I go on money management, I will show how important it is to use a market filter for any system. The money management calculation I have...
The trade of the intraday chart has hit the stop of $95.17 and is closed out. This is of course all 'theoreticall' and does not account slipage...
Next step: determine risk and how much you are going to risk in each trade aka money management. Before I begin, there are endless...
As you can see on the graph's, there are multiple 'entry' points during our condition of what a trend is... That is good. You need multiple...
5 min graph
Now because we have picked a stock, there are a few more things that you must consider before using a trend system in 'both' directions. A stock...
Aapl it is...
Okay, lets go some what further. I would like a suggestion on a symbol for our example. A stock symbol or a future symbol...
'Any' time frame can do... It depends if the underlying show trendiness behavior in the past on the specified time frame. The best way is to open...
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