|
PureBytes Links
Trading Reference Links
|
--- In amibroker@xxxx, witold_dabrowski@xxxx wrote:
> IMO good entry depend on good exit - if you want have good entry
> signal you must work on good exit signal in the same time.....
> Usually I use trailling stops where I set how many % I can loss of
> the highest value after buy; .... there are a lot of solutions.
**************
Right on. So far my indicator hits about 30% to 40% winners, but it
is overall profitable (on back testing) because of the stops.
Backtesting shows that 1.5% to 4.0% stops are all about equally good.
The main reason I'd like to get the winning percentage up is
pyschological. Right now my indicator pyschologically rewards me for
SKIPPING a day -- if I skip a day two thirds of the time I will be
rewarded since I don't have to take the small loss. If were choosing
between 2 equally profitable systems but one had a 66% win rate and
the other had a 33% win rate, I'd greatly prefer the 66% win rate
even though it wouldn't make any more profit. Actually, I'd be happy
pyschologically if I could get the win percentage up to 50%.
b
|