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"I am not forcing you to accept my concepts. I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore. Thanks for your opinion."
ok, long it is. i doubt it'll make much difference (in the long run). we'll see.
and what do those statistics tell you?
i'm guessing they help you pick your trigger distance (20 pips), and your profit target.
i backtested this over a large set of trigger distances, profit targets, stop losses, MM strategies (since you don't suggest one - 'take what you can'/'let it run' aren't MM strategies). over 9 months of data, over multiple timeframes, over multiple instruments.
actually, in that chart, the maximum trigger distance is ZERO.
apart from being short, what's wrong with this picture?
I first looked at applying this to ES, however ES is a beast with a mass psychology that requires its own set of rules. I then looked at the currencies that TRO trades. Just doing this a few days now, with range bars and with 5 minute timeframes. The fun part is creating a Ninja Strategy that runs in real time SIM mode. I think the RAT strategy is very helpful.
