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Dave, I suggest using Volatality as a filter for your trades. I
would avoid high volatality instruments as they have high risk
(drawdowns). I wait for the volatality to decrease, before
initiating a reversal (trend-change) position. Also I use a stop
just below the high/low based on short, intermediate and long-term
Gann Swing points (Rule of Eights), so that you can quickly exit the
trade if it goes against me, with minimal loss using Anti-Martingale
method for MM.
But if you are day-trading high volatality can be my advantage if I
use efficient MM strategies like the Martingale Method. I never use
stops for day-trading, instead I use limits and 3BSMA stop from the
next session onwards. Of course, one should be able to distinguish
between a day-trading signal and a short, intermediate and long-term
trend-change signal...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "Dave Merrill" <dmerrill@xxxx>
wrote:
> I couldn't get much happening with confirming MAs, or the TRIX
confirm steve
> mentioned. best I got so far was to delay the entry by a day, and
enter only
> if it was still beyond the threshold. limiting it to long tades
only helps
> in some periods, hurts in others.
>
> it seems to do well overall over some long time periods, but
clearly has
> issues with some types of market.
>
> dave
>
> Joe: LOL (as in Lots of Luck). I worked with it a lot in the
past and
> attempted to reduce drawdowns (the CMOx stuff is usually early in
both
> the buy and sell). Not a lot worked in terms of return, but dd
can be
> reduced -- one approach is moving averages of the CMOx and
looking for
> crosses of the average AND the trigger level---not easy because
they
> occur on different bars usually.
>
> However, that said, I do not want to imply it cannot be improved--
-there
> are countless other ways and perhaps someone can find a way to
make ma
> crosses work in conjuction with trigger levels.
>
> Ken
>
>
> My suggestion would be to improve Steve's example of the CMO5
since
> the thought process has mostly been done and improve it so it
gives
> better signals.
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