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TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF

  #229 (permalink)

new york
 
Trading Experience: Intermediate
Platform: ninjatrader
Broker/Data: mb trading
Favorite Futures: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010


monpere View Post
The thing about statistical analysis in trading is it has to be pretty specific. Felton may have determined the 79% win rate on a daily chart of the Japanese Yen with a 250 tick stop, and a 5 tick target. That 79% win rate no longer holds water when applied to a 6 tick range of the ES with a 2 tick stop, because then it becomes comparing apples to chickens, that's why I asked the questions. Any stat you use has to come from your own backtesting of the exact method (instrument/entry/stop/exit/trade managemnet) you are trading.

BTW, not trying to ruffle any feathers with my posts.

Monpere,
My friend, I truly appreciate and WELCOME your input, As well as everyone elses, maybe in the process we can all pickup something from this dialog!!

As Spock said in one of the StarTrek episodes "The needs of the many, outweight the needs of the one"

Please bring it on!if it can help improve my(our) skills.

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