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Bramble - Your comment - "You comment that you’re getting smaller profits using this method which is understandable, you’re not letting them run. If by using this method you’re also getting fewer losing trades then I suspect it may be an issue with the underlying system itself rather than this bolt-on exit criteria." First, I am comfortable with my entry method, so there is no 'issue' with the underlying system. Second, if I am getting fewer losing trades by trading this way, how is that a problem? By exiting on WRB's in the very simple fashion I have looked at, the vast majority of my trades are profitable and even when a stop out is taken, my stops are usually not more than 7-9 ticks on the YM. |
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'Issue' was a bad choice of word, my apologies. You mentioned lower profits per trade when adding the WRB as an exit criteria and I obviously saw a connection between the two events.
Nothing at all wrong with fewer losing trades. Gets my vote every time. But if fewer losing trades do not compensate for the lower profits on winning trades (i.e if your W:L improves but your P:L decreases) then there would have been no point adding in the exit criteria. From what you're saying this isn't the case at all and your overall profitability on this system has increased. Which is great.
I think that was the point I managed so badly not to make the first time, And probably this time as well...
You're certainly keeping very tight stops which is absolutely one of my never-break rules. It's tough to go out of business when you're keeping costs low.
Good Trading.