beathespread

Comments

• • JohnLast@JohnLast

  

  JohnLast 4332 days ago

  Here the methodology is explained.

• • JohnLast@JohnLast

  

  JohnLast 4305 days ago

  От 21 октомври 2011

  I was thinking about what he was talking about and I made my own implementation using

  -the open orders knowledge to define exit levels

  -low leverage 1 to 1 (2) of of the positions

  -classic technical analysis with several improvements: market state analysis (and momo's ideas for fractal market state analysis), fractal dimension analysis and entropy data discovery for defining pockets of predictability). 

  -order management as described in the video by Peter Campbell.

   

  I think that one of the greatest myths is that you need a lot of leverage to make money. The opposite is true. You need a low leverage to make money. That is because the market fluctuations are difficult to predict and if you use a lot of leverage that puts you in a big disadvantage. The market is fractal there are zig zags. When you use a lot of leverage you would be forced to close at the zig, with low leverage you can wait for the Zag. LOL.

  And we have some instruments telling us when to close. 

  Now I just have to figure out what exactly I did. And to formalize the decision making process.

   

   

   

• • JohnLast@JohnLast

  

  JohnLast 4305 days ago

  От 21 октомври 2011

  When I use a whole lot of leverage I would use it only when in a pocket of predictability. So when we combine both the equity looks like that.

  /As I have problems with overtrading for 10 entries on a demo I take only one in my real account, so this is what it looks like in the demo account/.

  However this can be used to win demo competition with no risk with the possibility to take the prize.

   

   

• • JohnLast@JohnLast

  

  JohnLast 4305 days ago

  I just want to say that it is discretionary trading and not an optimization over past history.