Quote:
Originally Posted by jet
Hey Simba,
I am not criticizing at all. My hat goes off to you for standing up to your learning.
I think you are definitely going in the right direction when it comes to looking for indicators with as little lag as possible, as well as concentrating on price action signals.
In my experience any indicators that lag quite a bit are not very useful.
A note of concern: Since you are using digital filters, I read that you do redo the coefficients every week. Be careful. Usually if you have to do that, it means that you are optimizing (over optimizing) and most of the time that spells trouble. It is very easy to get hypnotized with very nice smooth optimized charts and think you have something good going...(one big reason I don't like indicators with many degrees of freedom).
Last comment: You may want to trade your demos the way you would trade your live account money management wise. You've made very few trades but are up 50%. That means you are over leveraging and that gives you wrong impressions about your systems and perhaps makes you over confident when it comes to real money.
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Jet,
Thanks for your note of concern...I am trading the demo with 5 to 15 lots per trade,I already explained why.
My real accounts,I trade according to monetary value of volatility and distance to stops(with different levels of risk,since I have 3 accounts and one is for Futures) plus the fact that I add 50% to that distance,since my stops are AT CLOSE...I don`t have wrong impressions about my systems,they are fantastic,the one that is not fantastic is myself as a trader,just the opposite,though I am improving on it.
Having made 47% on one month doesn`t necessarily mean I am overleveraging the demo,we will know if the system is overleveraged or not once we have enough data,which,frankly ,we don`t...
Regards
Simba