[thalestrader]

Originally Posted by thalestrader »

I am not in the trade, but I am just showing the chart. Let's call the entry 1.4728, and the stop loss would be 1.4743 (-15) (depending upon the brokers feed), with a first profit target at 1.4678 for about a 2.5+ R/R.

EURUSD is moving as anticipated. Though there has been no real bounce attempt to provide a lower stop, I'd have my stop at or near break even at this point.

Best Wishes,

Thales

[Kiwi]

Originally Posted by thalestrader »

Hi Kiwi,

Thank you for posting your charts. Are your exits determined by your system, or do you use your own discretion? I presume the entry is mechanical. Does the system also generate an initial stop loss and a profit target. Or is it a trailing stop, etc.

In hindsight, it is easy to see where I would have bought (if only we could trade in hindsight). Your system had an earlier, and thus a more favorable entry than I would have had. I hope you continue to share your charts with us.

Best Wishes,

Thales

The whole thing is currently mechanical. The two use capture principles (I think thats more descriptive than exit) that are similar but different because they are designed to capture a different subset of market moves.

This should sound more scientific and precise than it is - I start with an objective and sometimes it changes as I discover things when the rubber meets the road. I have only been working on mechanical systems since the beginning of September. The previous 5 years were discretionary day trading but now that Sierra Chart has a set of features supporting full automation I thought I'd change to lower precision over a wider range of markets. I have been trading just one market but will probably set my systems free on 6-7 markets.

I'll post some more of the first system. The second is still a work in progress and might include discretionary non-exits in future as it seems to be good at getting a cheap position in a longer term multi-session moves.

[thalestrader]

Originally Posted by thalestrader »

EURUSD is moving as anticipated. Though there has been no real bounce attempt to provide a lower stop, I'd have my stop at or near break even at this point.

Best Wishes,

Thales

If I were short I'd move my stop down to 1.4709 for +19.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

first profit target at 1.4678 for about a 2.5+ R/R.

Hi Folks,

So with that poke below 1.4678, half of the position would be closed at +40 ticks(pips) with half remaining with a stop loss at +19.

Best Wishes,

Thales

[thalestrader]

Originally Posted by Kiwi »

The whole thing is currently mechanical ... I'll post some more of the first system.

Hi Kiwi,

And you are auto-trading this system? Or does the system issue and alert, and you need manually to place your orders?

Best Wishes,

Thales

[Kiwi]

Fully Automatic.

It places the entry orders, adjusts the bracket, and then manages capture without my intervention.

My goal is to at most check the autopilot. I've decided that, except on interday holds, I won't fly the plane.

[Kiwi]

Today was unimpressive. The system missed the moderate move down. 3 wins, 1 loss for 44 points after slippage and commissions.

.

[ehorn]

Originally Posted by ehorn »

...I have attached some analysis based on the principles of Price and Volume....

I have attached some commentary and an update to the sequences...