Example Trading System

I was wondering if you are stopped out from a trade do you enter the opposite side or you just do one trade a day?
For example today first i had a short signal, but it proved to be just whipsaw and eventually i was stopped, but i had a buy entry ) ( i am talking demo testing of course

 

This was already discussed in this thread: there are no reversals, one trade a day only according to the original method...

 

thankx )

So yesterday was a losing day...)

 

sidinuk

Can you please tell me what the MFE and MAE columns are? tia

 

MFE = "Maximum Favorable Excursion
MAE = "Maximum Adverse Excursion

 

thx lefty......now what does that mean? lol

 

MFE = max win
MAE = max loss

for example, say you were long ABC at 10.00 and got out at 10.25 at the close of the next 5min bar. the OHLC for that bar was:

O = 10.00
H = 10.35 <--------- MFE
L = 9.95 <--------- MAE
C = 10.25

hope this helps.

take care -

omni

 

omni thx much. I do appreciate it. take care

 

Thanks guys for answering the MFE, MAE querry. I included it on the sheet so that people can test whether stops/targets might help them. I couldn't find any that improved the system but someone might!

 

I will now update the following page everyday to show the results of the trading system the previous day for the 5 index futures and whether or not the filters apply for the day ahead.

Daily System Results Page