no each trade is counted separately, yes it scales into trades,
so once in a while you take some heat on your first or second entry
but then everything is sold at once. however each trade is
counted separately, NOT as one trade, so sometimes on a position
where you have 4 entries, maybe they will all be winners, or maybe
three out of four will be winners with the first one being a slight
loser, but most of the trades are winning trades (93% of
them). The few losing trades are the 1st entries that got in
a little early, but the point there is that you are
only entering 20% of your
position, so it doesn't affect you much. As far as bad
trades, if it get's into a bad trade, it has stops.
Also it only works on Mulitcharts, and not Tradestation.
MATT -- Does this mean that we will need to get Multi-Charts for
some reason to use the system? Or -- since you will be sending out
email alerts for the trades -- will there be any reason why we
can't simply execute them on whatever platform or brokerage that we
want? This is a non-automated system that triggers simply off your
email alerts -- right?
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no each trade is counted
SSO 30 min system that I'm working on
Posted by matt on 23rd of Mar 2010 at 03:25 pm
no each trade is counted separately, yes it scales into trades, so once in a while you take some heat on your first or second entry but then everything is sold at once. however each trade is counted separately, NOT as one trade, so sometimes on a position where you have 4 entries, maybe they will all be winners, or maybe three out of four will be winners with the first one being a slight loser, but most of the trades are winning trades (93% of them). The few losing trades are the 1st entries that got in a little early, but the point there is that you are only entering 20% of your position, so it doesn't affect you much. As far as bad trades, if it get's into a bad trade, it has stops.
Also it only works on Mulitcharts, and not Tradestation.
MATT -- Does this mean
Posted by puma on 23rd of Mar 2010 at 03:38 pm
MATT -- Does this mean that we will need to get Multi-Charts for some reason to use the system? Or -- since you will be sending out email alerts for the trades -- will there be any reason why we can't simply execute them on whatever platform or brokerage that we want? This is a non-automated system that triggers simply off your email alerts -- right?