Trading What I see !?

[goat68]

If you have so many consecutive losses, it means that your stop is too close.

So a new iteration (version 11 of my 4th bot strategy!) is ready to go for tomorrow. So you were right, one of my tweaks to my exit criteria at the weekend had closed down the stop loss, and I could see from my logging it was getting taken out too eagerly. I've also tweaked my entry a touch from what my logs have shown.
Fingers crossed for a better day tomorrow.

[LeTiss]

I never use Stop Losses!!

When I trade using pure automation, I always red up just before the market is due to close

[Realrocknrolla]

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[goat68]

I never use Stop Losses!!

When I trade using pure automation, I always red up just before the market is due to close

So you're making the assumption your maximum profit on average is at the close?
What if your lay bet goes 3.0->6.0 and back to 3.5 by the close?

[goat68]

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So the same when you're in profit? so you throw away a big win because it comes back?

[Realrocknrolla]

69C2DD70-98D0-44BE-B82D-5CCCB9960B26.jpeg

So the same when you're in profit? so you throw away a big win because it comes back?

Not me mate, i’m in and out quicker than my wife figuring how to spend the green.

[goat68]

69C2DD70-98D0-44BE-B82D-5CCCB9960B26.jpeg

So the same when you're in profit? so you throw away a big win because it comes back?

Not me mate, i’m in and out quicker than my wife figuring how to spend the green.

ok, so when I say "stop", I actually mean "the reasons for this trade no longer exist". I do not have a fixed "-n tick" stop or anything like that. It's more so i've entered this trade on the basis of X,Y,Z, now X,Y have reversed/changed so I will get out here.

[goat68]

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So you're basically saying when people say "cut your losses" or "keep your losses small", those are not good ideas?

[goat68]

take an example here: download/file.php?id=20346&mode=view
If you had Backed at 12.5, would you have got out at 25 for a loss?

[LeTiss]

I never use Stop Losses!!

When I trade using pure automation, I always red up just before the market is due to close

So you're making the assumption your maximum profit on average is at the close?
What if your lay bet goes 3.0->6.0 and back to 3.5 by the close?

I never trade markets automatically that has that degree of volatility.

If your Stop Loss is too close you will get too many losing trades, because prices very rarely move in one direction consistently. I think Peter Webb has made a video on that, with regards to testing strategies

If your Stop Loss is too far away you will be vulnerable to momentary gaps in the market. I've often seen prices getting matched 5-10 ticks away. Quite often, I reckon they are disastrous Stop Loss bots triggering

[Trader724]

If you have so many consecutive losses, it means that your stop is too close.

So a new iteration (version 11 of my 4th bot strategy!) is ready to go for tomorrow. So you were right, one of my tweaks to my exit criteria at the weekend had closed down the stop loss, and I could see from my logging it was getting taken out too eagerly. I've also tweaked my entry a touch from what my logs have shown.
Fingers crossed for a better day tomorrow.

Today will definitely be a better day. Unless you will have 10 consecutive losses.

[Realrocknrolla]

take an example here: download/file.php?id=20346&mode=view
If you had Backed at 12.5, would you have got out at 25 for a loss?

I wouldn’t have backed that. I’m not proud

In all seriousness no I wouldn’t allow that to happen but then I wouldn’t enter a market in a number of factors. Such as XYZ.

Entering the market is based on confirmation of other things happening.

[Trader724]

I have a strategy that uses a predefined number of ticks to get out and works great. What works and what doesn't work for others is irrelevant to you because only you know what you are doing. The only thing that works for everyone is math.

[Realrocknrolla]

What works and what doesn't work for others is irrelevant to you because only you know what you are doing.

Well said!

[goat68]

What works and what doesn't work for others is irrelevant to you because only you know what you are doing.

Well said!

Yes,i think that's the point we're all trying to make!