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Anyone use Daytradetowin?

  #7 (permalink)

Trading Experience: Beginner
Platform: ninjatrader
puppeye's Avatar
Posts: 56 since Aug 2009
Thanks: 89 given, 434 received

I wrote a simple strategy in ninja (pretty easy because the method is 100% mechanical) and tested it. The signal is pretty accurate in the sense that it has a winning rate of approximately 65-70%. This is probably because of its HUGE initial stop loss (5 points). The method recommends taking 1/2 off at 2 point profit and the second half at 4 point. However, it appears that price rarely hits the 4 point mark (I move my stop to break even when it hits the 2 point mark).

I tried it on sim and the system can give you 7 - 10 consecutive winning days (taking 2 point profit only) but one losing day (5 points) is equal to more than the profit from 2 winning days.

So ..... 0.7 * 2 - 0.3 * 5 = - 0.1

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