Matt, in this case wouldn't the trade have been stopped
out when price broke above the high of the doji candle by 2 points
unless you had a wider than normal stop?
let me rephrase that. On backtests on the automated MACD
KISS/Stoch strategy I backtest the number of ticks I use, most of
the backtests show that using more than one tick is best
now for my subjective manual trades I use a one tick stop much
of the time, and other times I'll give it more room. All depends on
the subjectiveness look of the chart, things like, is price above
or below an ATR, what does the MA ribbon look like. This morning on
that bounce the charts looked really bearish and so I was would
have been willing to take some heat on a short. If I see 5 clear
waves down and MACD divergence then I may not take a MACD
KISS/Stoch Short, and if I do, I might keep it really tight and
take profits much faster more for like a scalp.
I can't or don't know how to code all those complexities into
the auto system - auto systems will always be a bit different than
how you subjectively trade
Matt, in this case wouldn't
ES 15 min MACD KISS/Stoch example
Posted by craigm on 17th of Mar 2023 at 11:17 am
Matt, in this case wouldn't the trade have been stopped out when price broke above the high of the doji candle by 2 points unless you had a wider than normal stop?
I've found on backtests that
Posted by matt on 17th of Mar 2023 at 11:18 am
I've found on backtests that giving more than 1 tick worked best - that's why you gotta test things
let me rephrase that. On
Posted by matt on 17th of Mar 2023 at 12:03 pm
let me rephrase that. On backtests on the automated MACD KISS/Stoch strategy I backtest the number of ticks I use, most of the backtests show that using more than one tick is best
now for my subjective manual trades I use a one tick stop much of the time, and other times I'll give it more room. All depends on the subjectiveness look of the chart, things like, is price above or below an ATR, what does the MA ribbon look like. This morning on that bounce the charts looked really bearish and so I was would have been willing to take some heat on a short. If I see 5 clear waves down and MACD divergence then I may not take a MACD KISS/Stoch Short, and if I do, I might keep it really tight and take profits much faster more for like a scalp.
I can't or don't know how to code all those complexities into the auto system - auto systems will always be a bit different than how you subjectively trade
whether or not that last
Posted by matt on 17th of Mar 2023 at 12:51 pm
whether or not that last one will play out who knows, obviously the one from a couple days ago was big
thanks for the clarification
Posted by craigm on 17th of Mar 2023 at 11:21 am
thanks for the clarification