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In a message dated 98-06-20 06:55:10 EDT, cote@xxxxxxxx writes:
<< I don't let 500 get away from me anymore, but then I am not letting
profits run either. I suppose a solution would be to build up the acct
with one lots and later use three lots to scale out and leave one on for
the big pull.
comments? >>
This is what I have been thinking. On backtesting, find the maximum profit on
each entry before a reverse signal is triggered. Then use something like a
standard deviation of maximum profits to find a probable profit range. Take
profits on partial position when that profit target is hit, then run a
trailing stop. On stock system trades my first target is 2%, then a trailing
stop of 62% of maximium move after 3 days. The system takes advatage of
intermediate term swing moves (days to weeks), hopefully catching a few
trends. I almost always get knocked out of trend moves, so am designing ways
to re-enter the trend after being stopped out. The simplest is to re-enter
when the high (for long) or low (for short) bar is taken out on close. Then I
need a stop system on that re-entry.
Styk
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