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Mike Kittleson wrote:
>I trade the currencies on a EOD basis and the system I
>use has two trailing stops. The avergage winning
>trade is 51 days and avegage losing trade is 16 days.
>The stops work fine but I am looking to see if I can
>improve performance.
Is your stop adaptive in any way? A stop that responds to changes
in market noise seems to work well for me.
>I have just started testing Max Favorble Excursion and
>Max Adverse excursion by Sweeney. Has anyone used
>this technique to a good result?
I've seen it, but never looked into it.
>Also, I am reviewing the number of days in either a
>losing or winning trade and seeing if can use this as
>an additional stop strategy. What are your experiences
>with using days in a trade to be a part of an exit
>strategy?
Jack Hershey has a rule that says "if the trade isn't profitable
after X bars, then dump the position no matter what." I can't argue
with his wealth, so he may be on to something. I tried this on
one or two of my strategies, and it appears to be a good rule but
requires some optimization.
--
,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
// +__> Director of Research and Development
// \
// __) Unicorn Research Corporation -- http://unicorn.us.com
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