ive seen someone do it and they were very successful they had to modify it a bit i think but it worked good. watching them do it was so incredibly fast tho. had an ea he wrote based off of some stats i ran with fixed 4000 sample of candles then autotraded it.
who wants to help me catch falling knifes ...? the probability of that line breaking was what ? anyone wanna guess?
there are times of the day statistically spreads are closer an further have it turn on and off at those times i know he was scraping something like 1 pip or less at times but over the course of X amount of trades it added up i forget why he stopped using it probably the change in VOL
this week stung the heart usually i trade alot higher wins but i was at 74% this week out of 93 trades i chalk it all up to poor trading not following rules and being a bad trader. -always follow your rules. i need to invest in one of those flogs so i can flog myself when i F up.
to those people that follow this thread check out these VIDEOS http://elitetrader.com/vb/showthread.php?s=&postid=2264081#post2264081
also im sure youve noticed the slow down in my postings... im working on videos real time live action trading in motion as i do it ... i have like 20 systems so ill show some of the ones i no longer use. have to figure out how to block account numbers and stuff tho so give me some time.
Maybe I am missing something here, but there seems to be an obvious mistake. From what I gather you have your entrance at open +x... then stop at open. And you expect it to have the same % accuracy as what you figured when performing the intial calculations.. however that is impossible... Simply because your calculations deal with something such as abs(open-high) and abs(open-low)... so your shortest distance and your longest distance variables are generated from above.. This does not give you any information to be able to say if price moves greater than open+x to enter and then to get stoped otu if it moves back to the open.. it should be if it moves past the open-LSD... That is because its easy for the price to pass your entrance point, still go back below the open or further, not get all the way to open-LSD,then turn around and go back above yoru entrance point as much as your SDL... do you get what I am saying? Am I describing this correctly? Bottom line, I dont get the stop being at open.. using OHLC bars you do not have enough data to know what came first... therefore yoru % of success for the trade numbers are way off... you should be using your stop for longs at open-LSD Which this makes your risk for your trade MUCH greater, makes it more like 2*LSD instead of just one LSD.. comments?