PRINCIPLES OF GREAT TRADERS

Discussion in 'Trading' started by Sekiyo, Jul 11, 2023.

  1. Sekiyo

    Sekiyo

    Amazing xD

    No commissions ?
    Lovely equity curve !
    Despite the low win rate

    Heard Livermore had a 60% Win rate,
    But the point is ... How much you make vs How much you lose
    Most of the traders from post #1 have low win rate + high Reward to Risk

    They behave like a casino.
    Larry Hite: There are good bets and bad ones.
    He focus on making +EV trade, whether he win or lose.
    He would rather lose a good bet than win a bad one.
    The worst being to lose @ a bad bet !

    "I don't see market. I see Risk, Reward & Money"

    That's why some say trading is a number game.
    Because we shouldn't bother about winning or losing this trade,
    But we should focus on the next 100+ trades. Law of large numbers !
     
    Last edited: Jul 11, 2023
    #21     Jul 11, 2023
    murray t turtle and Darc like this.
  2. Bad_Badness

    Bad_Badness

    Of note, look at the time in trade. If the time in trade goes to longer terms, then things get more complicated. This seems like a good example of meshing time horizon and drawn down potential. Simply put, it avoids, by passes, the issue all together. Well Done!
     
    #22     Jul 11, 2023
  3. Sekiyo

    Sekiyo

    You might cut then re-enter because the market pause.
    The asymmetry just resolved itself. Market found balance.
    But you re-enter because price, after a while, moves to continuation.
     
    #23     Jul 11, 2023
    murray t turtle and Darc like this.
  4. VSTscalper

    VSTscalper

    I just added the Algo Inputs - to the original post.
     
    #24     Jul 11, 2023
  5. Sekiyo

    Sekiyo

    Sounds like the algorithm is pyramiding ?
    50+ average Win/Loss is crazy based on the short timeframe.

    Are you Buying every 20 points up and Selling every 20 points down ?
     
    #25     Jul 11, 2023
  6. DeMurph

    DeMurph

    #26     Jul 11, 2023
  7. Sekiyo

    Sekiyo

    Cool
     
    #27     Jul 11, 2023
    taowave and MarkBrown like this.
  8. VSTscalper

    VSTscalper

    No - not doing that. This is what I call my Bizarro Code. I am sure most traders have heard of AI by now. Well - I have been coding with AI - based on what I have learned - from some programming friends at Microsoft and Google. I live close to the Microsoft Main Campus - in the Seattle area and also close to a Google Campus.

    When I first developed my newer Algos - I actually decided NOT to use it - because the results were too good - so I kind of thought - something is wrong - LOL. One day - I took another look at the Algo - decided to try trading with it - and have been using a version ever since.

    I really don't want to say too much right now.
     
    #28     Jul 11, 2023
    Bad_Badness and Sekiyo like this.
  9. Sekiyo

    Sekiyo

    Thanks for sharing
    Definitely looks too good :p
     
    #29     Jul 11, 2023
  10. Sekiyo

    Sekiyo

    #30     Jul 11, 2023
    Slope Trader and murray t turtle like this.