Normal
Yes and the resounding result was do not set a profit target or trailing stop (of course you could and results were positive however far below the finally accepted methods results) and give the exit plenty of room. The balance comes in the length of the EMA,and thats only to smooth the curve.Maybe so with a shorter term methodology such as Radges.However longer term your resultant execution will only at best have a 50/50 result,in correctness. One wrong could mean the opportunity of 300% or more is missed.The question of available capital then comes into play.Say I sell CTX as it looked weak at $8 and I bought Something else.Next thing at $9.15 CTX is triggered again and there is no available funds to trade,Im fully committed.I'm sure you see my point,diving in and out of stocks is a habit of discretionary traders who bleed to death and suffer more emotional swings than Melanie Griffiths.Sure you can have a number of exit triggers simply by having "OR" conditions or "IF" and if part of a tested methodology with its set of numbers then fine.If your talking of multiple chart based discretionary exits then consistant profit will be very difficult,as psychological factors will come into play.
Yes and the resounding result was do not set a profit target or trailing stop (of course you could and results were positive however far below the finally accepted methods results) and give the exit plenty of room. The balance comes in the length of the EMA,and thats only to smooth the curve.
Maybe so with a shorter term methodology such as Radges.However longer term your resultant execution will only at best have a 50/50 result,in correctness. One wrong could mean the opportunity of 300% or more is missed.
The question of available capital then comes into play.
Say I sell CTX as it looked weak at $8 and I bought Something else.
Next thing at $9.15 CTX is triggered again and there is no available funds to trade,Im fully committed.
I'm sure you see my point,diving in and out of stocks is a habit of discretionary traders who bleed to death and suffer more emotional swings than Melanie Griffiths.
Sure you can have a number of exit triggers simply by having "OR" conditions or "IF" and if part of a tested methodology with its set of numbers then fine.
If your talking of multiple chart based discretionary exits then consistant profit will be very difficult,as psychological factors will come into play.
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