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Re: Market Profile: The Secret Sauce To Mechanical Strategies?
sorry if wasn't clear. Not targeting 2 ticks. the dumb mechanical strategy with 1 timeframe is on AVERAGE profitable by 2 ticks. Target 2 points on this particular strategy... optimization came out target 2 pts, 1.6 pts risk...
the point was more questioning if that is how others think about this... if you can develop simple strategies in a single timeframe that are just breakeven over thousands of trades with no outsize winners skewing the results, you should be able to make that system profitable through filtering out trades that are triggered mechanically that have bad location or some other problem. for example, this particular strategy was 2-5 yesterday while I was 2-0. volume was awful yesterday so you could say that maybe you couldn't do much with the strategy signals and just skip them or you could do only pristine set-ups or you could still take them all and just do them in smaller size. (that said, I should have taken the last signal yesterday, moved stop to breakeven for globex and held overnight for big win...)
I started the thread just to see if others think like me on this subject: using Market Profile (trade location filtering) to super-size your mechanical strategies? maybe not many profilers think like that though...
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