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MarkHocky
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Everything posted by MarkHocky
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Hi Illcrx, Don't pack it in just yet. From reading your post, you already know what to do: "I have no written strategy, I have no written trading log and no money management policy and I understand that all of this goes against good practices..." One of the things I'm still constantly struggling with; is stopping myself from playing around with different systems or parameters in testing, hoping i'll come across a winner. But of course hoping doesn't doesn't bring in the cash. I now am forcing myself to follow a structured approach to improving my trading. You've already recognised the things you need to do. Uncross those fingers, and get stuck into the nitty gritty work. There's no other way. I haven't mastered this yet either, and will be there struggling along beside you (in spirit anyways). Keep at it! Mark.
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Introduce Yourself Here - Don't Be Shy!!
MarkHocky replied to trading4life's topic in Beginners Forum
G'Day all, Another newby, this time from Australia (i've noticed a few Aussie's on here already). I've been learning for about 3 years now, and am currently working on my mechanical system, which will be (at least initially) focussing on equities on the ASX. I have the structure of the system sorted, and am now testing and refining the concepts. Have already read some great material on TL, and am looking forward to learning from the crew here. Hopefully I can occasionally add another view to the topics discussed. Cheers!! P.S. - Love the TL lab flask logo. -
Hi Alfassy, Difficult to provide detailed advice without more details about how your spreadsheet is set up (e.g. frequency of price data), but the first thing that came to mind was: You could calculate this as a separate 'indicator' in a new column in excel. When the pivot point is set, start calculating your boundary (e.g. 0.5 points), and then switch on or off the indicator according to the other conditions you need to meet. This might look something like this (in psuedo code): '=IF(AND(Pivot point = ON, Time stop = NO, Price > Pivot level), take position, no position) You might need seperate columns to calculate your pivot boundary, and time stop switch.... Hope this helps! Mark.