I agree...it also feels better the deeper it gets..... Now I know I am going to get participants in this thread with a comment like that above. Michael B.
Tier 1 1.00:1.25 Tier 2 2.50:1.50 Tier 3 4.25:1.75 Tier 4 6.25:2.00 Tier 5 7.50:2.25 Tier 6 11.00:2.50 Tier 7 13.75:2.75 Tier 8 16.75:3.00 Michael B.
Would anybody be able to backtest 1 year worth of 24hr. tick data and 24 hrs worth of trading perpetually on this system to discover the percentages each tier was reached? Please PM me. Michael B.
Each tier increases with 1 tick on the target and 1 tick on the stop and 1 CONTRACT. Don't get greedy and just do this: 1.00:1.25 1 contract 1.25:1.50 2 contracts 2.00:1.75 3 contracts 3.00:2.00 4 contracts 4.00:2.25 5 contracts 5.25:2.50 6 contracts When you get your target just re-enter the same direction at 1 contract. Sometimes you just keep getting the 1 point target with one contract in a strong trend. If you get stopped out just advance to 1 more contract and new target/stop level in the opposite direction and keep advancing and reversing until you get your target. Any comments? Michael B.
Can this be automated with one of those front ends for IB. Do they allow for number of contract changes in the automation? Will they allow 6 tiers of instructions? Michael B.