Ezekiel, You are absolutely correct. You need accelerated growth while inside the perimeters, to keep up with the unrealized. Trends cause unrealized to grow which is ok, but the money is made when you remain between the perimeters. The wider the perimeters get, the longer you make realized and improve parity. This is hard to visualize and explain. The way I have set up the sliding scales will achieve the accelerations necessary to capitalize on an accelerated growth during good times. The system is attempting to remove the "discretionary" out of it. Michael B.
Ezekiel, Let's review the Trade Ticket Percent guidelines: The spreadsheet calculates Trade Ticket Percent based on Unrealized Drawdown. If prices are trending, Unrealized Drawdown will grow, thus reducing the trade size percent for the day. The minimum trade size percent is based on sustaining the distance of the highest high and the lowest low during the previous 10Y (0.02% may be too small, this is still being worked on by the backtesters). If prices are chopping the Unrealized Drawdown improves, thus increasing the trade size percent for the day. There are two accelerations to consider. First the percent set in Oanda under user preferences will calculate the percentage set off of the floating NAV, so when you click "BUY" or "SELL" your trade ticket will already have the number of units entered in (one unit increments possible at Oanda). As you reach targets and close trades during the day and replace them (you have horizontal lines marking your Pivots), your NAV increases as a loss is never taken. So intraday there is a slight martingale. Now, The next spreadsheet will calculate and if we have an improved drawdown...guess what? the trade ticket percent will increase for the next day. Therefore if we are in a multiday chop, you will get a double acceleration..this coupled with the Pivot point float also dynamically based on 1Y range will give the acceleration needed to get the necessary growth to sustain the pool or grid or perimeter. Ezekiel, I believe these accelerations will achieve what your MA's will achieve, while removing the "discretionary" out if it. We actually have created a Chop MA... Michael B.
Now Ezekiel, So that I know that you have read the other thread...did you vote? (read the opening post of this thread). Michael B.
I would like to Thank Ezekiel for taking the time to do all this reading. He is demonstrating the passion required to be a successfull trader (if he has tested this using an MA in the simulator, imagine what he can do with these concepts discussed here?) Thank you Ezekiel. Hope this helps. I need more questions please. Ezekiel...Anybody? Michael B.
Again, I want to thank ET and the Moderators for this opportunity to be a part of the Archive being built here in ET for many to read now and in the future. New and Old alike are welcome. Tell your friends to join ET and participate in the upcoming opportunities presenting themselves in the markets. ET is the best Forum on the internet for traders to discuss their trading ideas . For the new folks joining..you got to check out the search function and peruse the archives. There have been some awesome ideas cataloged for YOU.... The Holy grail is in this forum for YOU to find. I believe the holy grail is to find something that YOU can trade and fits YOU, like a good fitting shoe. Michael B.
yeah I voted, to me it's just a matter of what one knows. Someone who buys 'hoping' it will move in his favor is gambling, but someone who buys with capital in consideration and a set if rules etc... is trading. Ok I think I understand how acceleration works for you in how you vary your ticket size, I think we were thinking along the same lines with different ways of acheiving it.
Yes Ezekiel, But... With one difference.... A bias in direction is not needed, and a forecast is neither needed. A signal is not generated off of a wiggly lagging line. Also, what does chop do to a MA? (you do not need to answer, just making a point) Michael B.
Ok, I need to know. How is this Journal going. How can it be made better? On a scale from 1-10 how is it doing? You are all the authors. This is a cumulative effort for now and in the future.
By the way, I added a new graph to the spreadsheet titled "effectiveness" which graphs a new column titled, "Daily Profit in Percent" Michael B.
Electric, Come to bed. How are you going to trade six currencies and hold down your full time job? You are making about 10 bucks a day on your 5k. Will this pay the rent? I hear you typing in between your phone calls upstairs throughout the day. Shouldn't you be paying attention to your Job during the day? Wifey