ShareFree Trader (by alexre) Vienkārša statistika
|
|
|
Free Trader Diskusija
| Abonēt šo tēmu | Iepriekšējās 1 2 3 4 Nākamais |
|
Biedrs kopš Jul 31, 2009 28 ieraksti
alexre
Dec 29 2009 at 15:53
(labots Dec 29 2009 at 15:53 )
Elkart, I don't think the RSI uses volume so - I'm almost certain.
I use the rsi to spot divergence/convergence which does help to filter out a lot of bad moves. Combining it with support/resistance gives a rather simple but effective trading system. Fill or Kill, thanks for taking the time to go through my history  . I do have some big losers, but as every trader has experienced, it was with the beginner's mentality - 'it must come back, I'll wait just a bit longer', and we all know where it leads to.. (Hint: starts with Margin, ends with Call  ).I do try to tilt my ratios towards the positive side; ie have at the worst case scenario a 1:1 risk:reward ratio, and not anything lower. Regarding the GBPCHF trades - no, I'm not doing any carry trades, it was just some experimenting with my system using different pairs. If it moves up and down, and I can sell and buy it, I'll trade it! |
|
|
Biedrs kopš Dec 19, 2009 87 ieraksti
Fill or Kill (cateful)
Dec 29 2009 at 15:56
no problem, mate! You're almost there:) Keep up the good work!
|
|
|
Biedrs kopš Aug 01, 2009 941 ieraksti
Elkart (Elkart)
Dec 29 2009 at 23:48
(labots Dec 29 2009 at 23:52 )
Alright,
I had a quick look and no volume in RSI. Just to be sure. So, if RSI itself is working as it should, then what's not working? Is it your entries or exits? Chang beer is evil. |
|
|
|
Biedrs kopš Aug 01, 2009 941 ieraksti
Elkart (Elkart)
Dec 30 2009 at 01:04
61% winners - so guess only the exits needs attention.
Chang beer is evil. |
|
|
|
Biedrs kopš Aug 01, 2009 941 ieraksti
Elkart (Elkart)
Dec 30 2009 at 01:46
Quick question, that open trade you have, was your interest in USD or JPY?
Chang beer is evil. |
|
|
|
Biedrs kopš Aug 01, 2009 941 ieraksti
Elkart (Elkart)
Dec 30 2009 at 02:51
And in which direction?
Chang beer is evil. |
|
|
|
Biedrs kopš Jul 31, 2009 28 ieraksti
alexre
Dec 30 2009 at 08:06
(labots Dec 30 2009 at 08:06 )
Elkart posted:
Quick question, that open trade you have, was your interest in USD or JPY? Oh sorry, I actually don't have any open trades currently - I'm just too lazy to update the account  .Elkart posted: 61% winners - so guess only the exits needs attention. Yep - you've hit the nail on the head. I get into an entry just fine, the problem is when I want to exit - in most cases I exit either too early, or too late. Maybe I should use another indicator for the exit, I'm not sure. If it moves up and down, and I can sell and buy it, I'll trade it! |
|
|
|
Biedrs kopš Aug 01, 2009 941 ieraksti
Elkart (Elkart)
Dec 30 2009 at 08:26
k, but do you often have one trade open?
Chang beer is evil. |
|
|
|
Biedrs kopš Jul 31, 2009 28 ieraksti
alexre
Dec 30 2009 at 09:51
Not likely.
An open trade will remain open while the trade signal is valid, or the stop loss is hit, or I spot a counter signal. In terms of time, I don't have a limit - it can be minutes, hours, days etc'. I'm waiting to resume trading next week, so I'll concentrate on my exits and will see how can I improve them. I will post my progress here (if any...). Thanks for your help Elkart! If it moves up and down, and I can sell and buy it, I'll trade it! |
|
|
|
Biedrs kopš Aug 01, 2009 941 ieraksti
Elkart (Elkart)
Dec 30 2009 at 10:13
I haven't helped at all I'm afraid.
What I'm trying to figure out is how you view trades. I haven't dealt with individual trades for some time. So I have no use for stops or TP's or Sl's for example and exits become a consequence of money management as apposed to an action to lock in profit. What I'm trying to get to is that if you're handling individual trades maybe it's time for plan B. Rather handle positions. When you do an individual trade you basically do a double un-diversified prediction. I tend to do single diversified predictions. And there is a fundamental difference between those two. If you do the former you probably have about 20% the chance I have to walk away with a profit. Now if you have a way of entering trades, which you do, can the same way be used to enter positions and can profit for example be used to seek exits, instead of trying to find the right spot in all the noise? Chang beer is evil. |
| Abonēt šo tēmu | Iepriekšējās 1 2 3 4 Nākamais |
