The advantage of this early trend strategy is that even if the if the market failed to move in the expected direction we can close the trade with minimal profit or atleast zero loss.
Please BACKTEST the above early trend strategy on your intraday index chart (non currency) with one minute line chart setup and give me your feedback
This cart is less volatile market and the BLUE mark is entry suggestion. You could notice that the trend didn't picked up yet the trade can be closed with minimum profit or atleast zero loss. Basically early trend strategy is meant to avoid stop loss hits. You can use this early trend strategy on stocks or currency or commodities at your own risk.
you seem to be doing it. when I started on the quant desk, I helped developed a day trading strategy that did earn almost every day. But not every trade. even pure arbitrages have marked to market risk.
Interesting that statistics PROVE that 95% of individual traders LOSE money and they are "thinking in the "BOX" -- SO, I guess for most it is time to "Think OUT of the Box" Thanks @rajescjecl !!
Interesting. Per trade basis I don't think it's possible unless you're doing something stupid like no stop loss or have insanely large risk/reward ratio. But pushing for profitable day, every single day is still risky. Right now Im just trying to figure out what my risk of ruin probability is given the current stats. More months needed
If you explicitly define your rules, backtesting might be possible. Now if you really want to know how to avoid stop losses and have 100% of trades be successful, there is already an outside-the-box solution.