If you underleverage your initial winner(s) and generate successful trades, and then experience a series of trades where the market consolidates and you experience a series of losers, your system fails. What you are doing is creating a model based on gambling, which in and of itself is not a bad thing, but you just can't take it to the bank.
Did you vote? You can take it to the bank & it won't fail. I have seen so much p/a that it is not a gamble to say that it is Holy Grail in trading
TY! You see if I was to choose a range of say 500 ES points, then there would be little point in this exercise, but what is ES's ATR for the last 20 years? If you know a value of an average oscillation, then it becomes less of a coin toss to estimate range of next oscillation. Bring in timing factor it becomes even less of a coin toss.
You must be the third richest poster in ET. I'm very happy to have found you. Let's not wake up any more fools. Please close the thread a.s.a.p.