by ronald3rg » Tue Jan 31, 2012 10:53 am
Apprentice,
I really like this strategy but I would like to understand what makes it work. What is the entry based on. I get amazing results for this strategy on a 4H chart. Maybe adding a little more control would eliminate the number of bad trades may confirmation by ADX, DMI, MAcd Or SAR. I trade this strategy live it does really good but i would like to cut down a bit more on the bad trades. This strategy works great with a 5% risk meaning 1 micro lot for every $500 because at worst even although rare because the strategy tends to take bad trades out before they hit the stop, the stop is set at 250 so at worst case you will loose 5% of your capital but you wont loose on everything you bought into the move.
Also a small improvement right away would be that when the option to allow multiple positions is yes that the limit is above first position entered usually the second and or third entries tend to be below the first and you end up loosing because the entries are closed in order thus for adding to the loses even though it was a good trade in the right direction.
over all strategy works well for the long term kinda like a mutual fund. Overall long term always positive never dips below capital. So a little more control would probably benefit it.
Thanks
here is my 3 year back-test.
- Attachments
-
- multiples enabled
-
- multiples disabled
Right place at the right time
3Rg
Period Extreme Strategy.lua