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Brian:
The equity charts from your trade by trade
spreadsheet can be quite useful. I have noted peaks of mas of the %winning
trades and ave trade are useful to track along with the equity and mas.
You will often see the former 2 factors show short term cycle peaks before
the equity and then diverge negatively as a warning to at least reduce size for
the coming lean period. The reverse can occur prior to equity upswings as
well. One can similarly follow Elliott waves within the equity,
ect.
To chart within TS5, just convert your
spreadsheet column(s) desired for graphing to text (ascii) by a copy and paste
to Wordpad, then save as to a new file. Then use TS5 to create a new
window or workspace and use the "3rd party directory" under "format symbol" to
use the ascii file you created in wordpad. It can be a bit tricky to match
the right parameters with the file, but it works nicely when everything is set
correctly.
Don
From: Brian
Keith Voiles
<A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
Sent: Sunday, May 06, 2001 11:42 PM
Subject: Re: [RT] Charting Equity --
Example
Norman,Thanks for the reply. I will spend time this
week trying to figure out (again) how to do it in TradeStation 2000i.I
appreciate your posts and your seasoned advice.Warmly,Brian
VoilesAt 06:14 PM 5/6/2001, you wrote:
<FONT face=arial
size=2>BKV, I suggest
making it look more like a stock or commodity chart. Then you can add
trendlines and look for price patterns. <FONT face=arial
size=2>Chartingly, <FONT face=arial
size=2>Norman
----- Original Message -----
From: Brian Keith Voiles
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, May 06, 2001 8:07 PMSubject: [RT]
Charting Equity -- ExampleDear Experienced RealTraders,Is
this a good way to chart my equity? If so, am I to assume that once
my accountbalance gets near $25,000 I should consider myself
"overbought" and I therefore need to become more cautious?
These are my actual results over the last month... you can see
Ihad a pretty big "draw-down" on April 24th and 25th... the 2 days
following a nice runup in equity. Should I chart
each trade? This is a chart of daily results... but I'm
thinking that chartingeach trade would be more valuable.
Should I add a 20-period Moving Average, stochastics, RSI, etc...
all to help me know when I'm most likely to hit some losses?
Should I read a book to learn how to do this correctly?... if so
what book is recommended?Thank you for your valued input... I know I
have a lot to learn.Warmly,Brian Voiles To
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