A non answered question about the importance of entry and exit points.
In many threads here on futures.io the discussion if entry is more important than the exit
is still alive. But a trivial answer has not shown up.
For sure there are at least two parties struggling to show the proof.
In the end that criteria is not important:
Instead the goal is to make money and to stay in the game. Everything else is
just one step to the goal.
Being pragmatic - the result is to go for - no matter what system or belief.
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Here an example of the programmed signals für a possible Walzer:
The red diamonds show up when the previous bar body had more than 47 points AND the actual candle shows a body of more than 18 points in the same direction. Then the previous bar will be colored and a signal action triggers a SMS to the phone immediately.
So I will have enough time to look over the development until I fire manually the first Walzer leg. Firing in the chart is
just pressing the button V1 (in the lower left) to sell one contract - or pressing K1 to buy one contract.
Long are the blue diamonds over the second candle - the one we see has no Walzer to start as it is right before End Of
Day. And there is never a Walzer held overnight!
The red diamonds are there to show a short Walzer first. Only if the second candle body is large enough - the marker
appears and sends an SMS to the phone as well as triggering a sound on the machine.
From there the manual set trade will start or can be skipped - depending on the place where the signal occured.
Some optimizing might be a next step - but backtesting is now much easier as all candidates for a Walzer show up
in the chart:
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If away from the machine - a trade can be taken from the phone as well
Last edited by GFIs1; January 4th, 2016 at 12:19 PM.
Reason: added content
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I have a IB TWS (Trading Workstation) on the phone - so I can decide to take a trade manually and set stop.
As the signal is coming in enough before taking the trade I can watch the price move until the moment to
The software is Investor/RT from Linnsoft. The signal triggers an eMail and from there a SMS alert.
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