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Jim, what are you basing the 4 ticks for the SF on? StdDev or some
multiple? I take it you wouldn't want to use an adpative filter design
of some sort?
Regards,
Monte
Jim & Bullseye wrote:
>
> I have come up with a solution that has
> served well for the past several years. It's
> pretty simple. In the markets I follow I have
> a determined a tick filter for each that
> helps avoid whipsaws but at the same time
> retains the validity of the methodology.
>
> Example: In the Swiss Franc, I use a 4 tick
> filter, i.e., if the signal is to go long the
> SF at .5561 I add 4 ticks and enter at .5565
> on a stop or limit. The same holds true for
> short entries.
>
> Each market , of course, has its own filter
> which I have determined through trial and
> error. The filters also have changed through
> the years as the markets have evolved due to
> range and volatility, etc.
>
> I know of some other methods (like using the
> high or low of the entry bar) that other
> traders use successfully.
>
> I would counsel that a "simple" method of
> filters rather than some involved computation
> would serve you well.
>
> Trading is not "Rocket Science"...KISS works
> well.
>
> Jim
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