the range of first 15 minutes bar and the trend of intraday

Discussion in 'Technical Analysis' started by robinxing, Jun 8, 2007.

  1. I have serveral trend following trading system

    the ratio of the netprofit/the drawdown is a little greater than 2

    I do not know if it is proper
     
    #11     Jun 8, 2007
  2. trend is our friend

    I find it is easier to grasp profits for trend following system

    for me counter trend system can not grasp much profit as the

    trend follwing system
     
    #12     Jun 8, 2007
  3. joesan

    joesan

    what is the period /time duration of the net profit

    net profit for so far this year or this month ?

    and DD for so far this year or this month ?

    time duration matters a lot



     
    #13     Jun 9, 2007
  4. joesan

    joesan

    counter trend system is not meant to catch home runs which is the job of trend following system, it is meant to be a diversification and smoothe the equity curve. it is generally of bigger winning rate and smaller average profit per trade




     
    #14     Jun 9, 2007
  5. First 15 min range breakout is a pretty well studied concept.

    In fact, many has extended the concept to include first hour, first 2 hours, etc. to see if better stability can be obtained from doing so.

    I did a blog article long time ago,
    http://newsletter.neoticker.com/?p=33

    The important thing is to understand the instrument you are going to trade and see if the range breakout concept fit the behaviour of that particular market.
     
    #15     Jun 9, 2007
  6. I forgot it

    time duration is one month

    almost everymonth in this year the ratio varys between 2-3
     
    #16     Jun 9, 2007
  7. joesan

    joesan

    I think generally it's more meaningful to make duration longer,say the ratio of annual net profit / annual max drawdown

    but if you get a profit/drawdown ratio of 2-3 on monthly result every month, I think that's a superb system with a very good profit factor,
    and since it can always recover itself within a month's time, it is also a very safe system to trade



     
    #17     Jun 9, 2007