Long/Short Waves trading system

• 03/26/2020 at 2:54 PM #123441
  Paul

  What I see, on short timeframe, if taking profit (fast ts) and entry-criteria is still active, it enters the next bar after taking profit, but the price paid is with a high risk/reward ratio.

  

  Paul

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  03/26/2020 at 7:25 PM #123514
  nepu77

  mm .. Chart is Chart for me … let me explane.

   

  Every Chart is the same for me because this Wave happens in every Timeframe. 1Month chart as well in the 1 Min Chart. The Idea for it come 10 Years ago.

  For me the best Daytrading Chart is the 1 Day Chart. But you can also use it in 1 H Chart. The difference is the best Takeprofit. This is in a 1 Day Chart better then in 1 Min Chart. In the 1 Day Chart you can use 0.5% – 1% Takeprofit every Day. ( 80% of the time )

   

  Normaly the Chart is not changing till the Top or 5 Waves has finished. But it is not important to know every time the 5 Waves – it is only important to do something , when the trend is Change .

  So the real Risk is in the Future – that the trend is Change.

  The red Points are normaly Levels what not should happens … very often the trend here is Change. So you can use STops on this Levels.

   

  So the Risk is more in the Future

  

  nepu77

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  03/27/2020 at 10:31 AM #123564
  nepu77

  This is a very typical Backtest … 90% by 0.5% Takeprofit .. but no Money

   

  

  nepu77

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  03/27/2020 at 1:05 PM #123601
  GraHal

  nepu77 wrote:

  but no Money

  So why don’t you change the conditions in the code or the Timeframe or the Instrument so it gives better results?

  

  GraHal

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  03/27/2020 at 5:33 PM #123629
  nepu77

  I think I have to do this ..

  When you write for a System .. do you try it only on the last trades ? (Maybe on the last 200 trades )

  Or is it important for you that it works all the time ?

  

  nepu77

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  03/27/2020 at 6:51 PM #123641
  GraHal

  Get it working on the last 10k bars or even 1k bars with a decent average profit per trade (relative to risk / TF etc) and then work back from there so that the System at least does not lose over distant history, but yes more recent trades are more important.

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  nepu77

  

  GraHal

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  04/07/2020 at 2:37 PM #125066
  nepu77

  This is the Idea  with every time 5 Waves. An Elliottwave Pattern.

  It is not perfekt coded ..sorry but it Show the Idea.

  

  nepu77

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  04/10/2020 at 8:54 AM #125530
  nepu77

  I try something in the MoneyManagement … Now it is profitable – i think on every market.

  I reinvest the winners … that´s all

  

  nepu77

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