files as requested
Attached File(s)
A switch: from part time trading to full time trading 8 replies
A system that works for a part time trader with minimum screen time 16 replies
Trading: Part Science and Part Art 28 replies
Dear Full time/Part time Traders – Thanks for your time and help 7 replies
Part Time Wealth Building System - "High-Low Trending" 9 replies
DislikedOne quick result from backtesting at 90% modelling quality...
A buy triggered at 50.5 RSI(45) and a sell at 49.5 RSI(45) gives much better results. 5% equity risk from Jan-Dec 06 gives 80% roi. Not spectacular but more than adequate. This is on closed bar trades not current bar. I'd advise anyone who is testing this in demo or live to log the results of the two methods. At the moment closed bar trades look the best. Just my observation.
i'm pretty new to backtesting an EA so any comments welcome. I know not to put too much store in the results.Ignored
DislikedI will be posting two more proprietary trending systems. The first is called the "High-Low" trending system and the second is called the "Close-Open" trending system. These systems are designed to satisfy inherent trend traders of which I am one.
Thanks for all the feedback on the three threads that I currently have active at this site...
TKIgnored
DislikedThis indicator puts a box on the chart when RSI crosses 50 level. You can go into the program to change RSI setting, I believe the one attached is set at 45. I use this to help choose direction on TK's daily scalping, and have been following all of TKimbles methods.
Thanks TK I appeciate your willingness to share, your fexibility on allowing everyone to adapt your systems to their personalities and your great attitude!
Ignored
DislikedOnly enter when all the conditions for a trade have been met:
SHORT: RSI below 50 and 30 MIN bar has closed below the 50 SMA low
LONG: RSI above 50 and 30 MIN bar has closed above the 50 SMA High
It is that simple..
tkimble,
How many set ups and trades are typical per month or week for GPS/USD...
I use a trend system that averages about 1 trade per week. Could be more but I wait for the very best set-ups. For me, I need to evaluate each good set up to see if I can see the ones that will work for sure (which is impossible). Choppy markets are screened out. It fits my style of "Quality not Quantiy".
Love your Wealth Building Systems...can you reccomend which of your systems I might best focus in on to "Quality not Quanity" pick one trade per week..
generalzIgnored