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Pismo10
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Everything posted by Pismo10
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The struggle here is that as you expect more on your winning trades, your win percentage will drop. Need to find a balance.
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Discretionary Trading vs Automated Trading
Pismo10 replied to Soultrader's topic in Market News & Analysis
You have to design these backtest limit orders so they only get filled when the market moves one tick past your limit. You rarely sell at the ask or buy at the bid. Certainly nothing you can depend on. This has to be taken into account when programming. Tradestation/Easy Language does not take this into account, you need to program it yourself. Tradestations ProftTarget strategy will fill limit orders on a touch which is not realistic at all. -
The biggest problem I have with Fibs is that I can justify just about any point on the chart using many Fibs of different highs and lows. So the big questions gets to be, which one of these many points is the important one......I have yet to figure this out.