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Entry Efficiency
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Member Since Jul 21, 2011 9 posts
Shaun Overton (ShaunOverton)
Nov 29 2011 at 14:33
Hey everyone,
I've done six years worth of strategy research and program trading strategies for a living. In that time, I've coded thousands of strategies and seen a number of strategies with genuine exit efficiencies. Despite all that experience, I've never seen a strategy produce a consistent entry efficiency above 55% (i.e., random). Does anyone out there have a strategy that produces a real entry efficiency? I don't mean this in the sense of profitability - I mean it in the sense of the entry efficiency graphs that come with NinjaTrader and/or TradeStation. I'd be happy to trade ideas if you have some insight. |
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Member Since Feb 07, 2011 617 posts
PipGnostic (TheCyclist)
Nov 29 2011 at 17:49
Please define 'exit efficiencies'.
To me it sounds like you you're saying you have a good strategy for getting out. If that is the case then the entry is easy. It's any point. Take eurusd for example. 1.3344, run that left for a year's data, see how many times price goes through that level. 11? 20? 100? So then the exits be the same. There is no efficiency. Doesn't really matter what point you take, it will be crossed many times and can be used as both exit or entry. Show me your pips!! |
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Member Since Jul 21, 2011 9 posts
Shaun Overton (ShaunOverton)
Nov 29 2011 at 18:23
This link explains the idea of measuring entry and exit efficiency:
http://www.ninjatrader.com/support/helpGuides/nt7/efficiency_graphs.htm |
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Member Since Feb 07, 2011 617 posts
PipGnostic (TheCyclist)
Nov 30 2011 at 09:49
Well, I've given up on those type of systems some time ago. As far as I am concerned there's nothing which will help you get a better entry.
Show me your pips!! |
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Member Since Dec 01, 2011 95 posts
Forex Signals By Forex RingLeader (Fxringleader)
Dec 08 2011 at 04:13
Does no matter were you get in at there really is no such thing as a perfect entry.., just be correct on the direction of the trend.
Trying to Find the perfect entry 'Picking tops and bottoms. is a pain and not worth the amount of missed good trades you will have because you missed the entry by 5 pips trying to get the perfect entry. |
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Member Since Jul 21, 2011 9 posts
Shaun Overton (ShaunOverton)
Dec 08 2011 at 13:56
That's not what I was referencing.
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Member Since Jun 07, 2011 6 posts
yg10
Dec 09 2011 at 09:08
ShaunOverton posted: This link explains the idea of measuring entry and exit efficiency: http://www.ninjatrader.com/support/helpGuides/nt7/efficiency_graphs.htm |
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Member Since Jul 21, 2011 9 posts
Shaun Overton (ShaunOverton)
Dec 09 2011 at 13:14
yg10 posted: ShaunOverton posted: This link explains the idea of measuring entry and exit efficiency: http://www.ninjatrader.com/support/helpGuides/nt7/efficiency_graphs.htm |
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Member Since Jul 21, 2011 9 posts
Shaun Overton (ShaunOverton)
Dec 09 2011 at 18:46
I wrote this blog post to explain the idea better:
http://www.onestepremoved.com/backtesting-efficiency/ |
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Member Since Jun 07, 2011 6 posts
yg10
Dec 11 2011 at 02:05
ShaunOverton posted: yg10 posted: ShaunOverton posted: This link explains the idea of measuring entry and exit efficiency: http://www.ninjatrader.com/support/helpGuides/nt7/efficiency_graphs.htm |
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