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Scalping - an issue with definition


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Scalping - an issue with definition

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  #21 (permalink)
 AllSeeker 
Legendary Pratik_4Clover
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This might sound silly of me but this is the only thing popping in my mind atm

It "seems to me" that you either need to bump up timeframes of trading in that system or remove all the trade entries if trade target is withing so and so ticks from entry. In your case it seems to be less than 4-5 (?)

Nothing too complicated, its just that you seem to want to be trading on higher timeframe with higher tgts than what usually intraday traders do, so make the adjustments accordingly?

On flip side, if that system is popping up "lot of trades" in that above non wanted criteria, it seems to me that it is more of an intraday system than swing anyhow. Maybe time to get back to drawing board?

fyi, I trade 1 min TF and usually all my trades are in category that you define as noise, in fact I like it very much if I can pin down some sort of range and then possible breakout/down point, irrespective of the tgts.

Just my 2c, sorry if this is not helpful.

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  #22 (permalink)
 syswizard 
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LastDino View Post
It "seems to me" that you either need to bump up timeframes of trading in that system or remove all the trade entries if trade target is withing so and so ticks from entry. In your case it seems to be less than 4-5 (?)

Can't do that...the author has set the timeframe to 1000 ticks....with the intention of intraday swing trading.


LastDino View Post
On flip side, if that system is popping up "lot of trades" in that above non wanted criteria, it seems to me that it is more of an intraday system than swing anyhow. Maybe time to get back to drawing board?

It's is intraday...no overnight trades. One huge problem with his "system": too much discretion is allowed. He changes the targets and stops constantly. I have a problem with that.


LastDino View Post
fyi, I trade 1 min TF and usually all my trades are in category that you define as noise, in fact I like it very much if I can pin down some sort of range and then possible breakout/down point, irrespective of the tgts.

That's fine when you are trading the noise specifically. However, if you have a system that has intentions of longer term trades (5-60 minutes), yet half the trades are < 5 minutes with only a few ticks of profit or loss.....that's a problem IMHO.

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  #23 (permalink)
 omegaknight 
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syswizard View Post

That's fine when you are trading the noise specifically. However, if you have a system that has intentions of longer term trades (5-60 minutes), yet half the trades are < 5 minutes with only a few ticks of profit or loss.....that's a problem IMHO.

This point you made hit something in me that I have been trying to figure in my own trading for awhile. It seems to me, that if you are looking at Time in Trade, and noticing that a lot of the trades are fizzling out at loss, breakeven, or small profit within a very short time frame that the system can be fine tuned a bit more. Some things that come to mind: Look at it as you should be glad that the system figures out for itself that the signal was wrong very quickly and maybe you should reverse position. Maybe it need to have a pyramiding function added to it when say, the trade is open for longer than 10 minutes, to increase overall profitability, because if a trade is open for that long, it's going in the right direction.

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  #24 (permalink)
 syswizard 
Philadelphia PA
 
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omegaknight View Post
Maybe it needs to have a pyramiding function added to it when say, the trade is open for longer than 10 minutes, to increase overall profitability, because if a trade is open for that long, it's going in the right direction.

I'm not a big fan of scaling in or out, but this sounds like a pretty good idea.
Thanks for that.

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