Your first winning strategy

One of the informative responses so far. Thanks for sharing! Hope people continue in the same manner ...

 

What time frame is that chart in?
Do you adjust your window size all the time. Because the smaller time frames are unlikely to have a window that fits them consistently.

 

yup.... makes me a little mad that I took so many damm years to figure that out

 

there's a tradeoff, less trades, less sharpe

 

Uh oh. That was Baby Bear's chair, porridge, and bed. Your better check the settings on that MA, might be too soft!

 

I don’t remember the time frame but if I did, that information would be treated as proprietary.

I also don’t know what “window size” means, but if scalping, I find gleaning about five pips of profit at a time to reap the most consistent gains, with around a 90% daily success rate.

However, I’m no longer using that style in that this August has seen me finally begin to get a handle on something that has eluded me for a long, long time, that is, adapting my system to longer time frames.

For example, the Euro-U.S. dollar has been falling ever since the middle of February, but has enjoyed a little bit of a break over the last five days or so. However, my daily and 4-hour charts suggest that at 1.1557 the pair is losing momentum, so I anticipate that I will soon be able to enter a short position, and will do so as soon as I get the go ahead from my 15-minute chart setup.

(I’m planning to begin testing this new take on my system publicly before the end of the year.)

 

I stand corrected!

 

My first winning strategy was trend-following. Actually, it found me - I was using chart patterns and swing trading entries and various exotic candlestick patterns. All this was for long-term trading. Results were OK but not as good as I had hoped and they were random so I kept hopping to new entry signals until I finally realised that the biggest winners were those that were with-trend and the quickest losers were those that were counter-trend.

The thing that really helped was keeping a trade journal that logged the strategy, entry signal and stop-loss signal, plus the TA set-up of the index if I was in a stock trade.

After that it was a simple decision to just take trades that followed the prevailing market trend. Entry patterns are increasingly unimportant as long as you take every opportunity that appears and have a rational stop-loss position.