Hello,
does anybody try to understand a logic of this system? Let's try together.
I have try and think that Franz uses a trailing stop, which moves in minus... for example... He has a position with TP 10 and SL 10.. If price goes to +1, sl moves to -9, if goes to +2 sl moves to -8 etc... but we should understand does his EA use SL 10 or less... step of Trailing (because I have never seen a trade in history with -10 pesult).
The biggest lost, which I have found in recent history is -7. So.. If trailingstop is 7 (for example) and stop loss is 7 and step is 1 we will have:
-7 if price goes to negative
-6 if price goes to 1 pip from open price
-5 if price goes to 2 pip from open price... etc.
Some trades will be closed in minus by Trailing stop, some in plus by Trailing stop, some hits TP +10.
It's just my suppose... what do you think? let's discuss..
PS I have an EA, which moves SL im minus

hello
I send you email , and pm , please answer me ?
why dont answer yet ?

Hello, The point I was trying to make is that the advantage is not that great considering it only has a 3% advantage when compared to tossing a coin at 50% The first thing I would do is to place the stop and the profit target at 10 pips . If we buy every bar the hit rate should be around 50%. We can then add a filter to see if we can improve the performance.

Currently I have a bar pattern that can average around 60% strike. We can add this as a filter also

Peter

Mprinze posted:
    Hello, The point I was trying to make is that the advantage is not that great considering it only has a 3% advantage when compared to tossing a coin at 50% The first thing I would do is to place the stop and the profit target at 10 pips . If we buy every bar the hit rate should be around 50%. We can then add a filter to see if we can improve the performance.

Currently I have a bar pattern that can average around 60% strike. We can add this as a filter also

Peter


I think the comparision to tossing a coin is bad, if you open order in random direction you still have to mess around with the spread. So the probability of closing the random order with tp ist about 30% depending on spread. Vica versa probability to hit sl ist 70%.

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Falk Posted
I think the comparision to tossing a coin is bad, if you open order in random direction you still have to mess around with the spread. So the probability of closing the random order with tp ist about 30% depending on spread. Vica versa probability to hit sl ist 70%.
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Yes I agree with spread but if you only buy you can average around 53% which is an advantage in itself. The point I'm trying to make is that having 47% strike rate with money management is all that is required. There we only have to work on our Risk to reward. I'm sure Franz system is not complicated.

Peter