that was very interesting. i'm a crypto trader. there are no "pips" in crypto (or at least no one uses pips), so how can i calculate it to fit to crypto please? Thank you for another great video!
I always test the first profitable close with any entry I'm testing. It typically gets me a very high win rate, but of course very small individual profits. For a strategy to work, all of those small gains have to offset the intermittent larger losses. That's the trick. But I started testing this exit inspired by this channel. So thanks for that! Also just to mention first profitable close can be hard to trade psychologically - when you are taking one of those rare losses. You don't have the positive feedback of larger wins.
Have you tried adding a far placed stop loss at a threshold where the probability of a large loss occurring is high ie. Above 1.5x avg losing trade or so?
@@dklox Yes I do. It's an excellent idea. I typically test 15 exits for every entry, and some of the exits involve stops. As with many, I find that stops usually harm performance; even relatively large ones. But your thought is very logical.
Now April 19, 2024, Friday definitely the highest close last 14-days, 0.86130 on Tradingview after huge daily move of 66 pips vs ADR(10) of 25. Let's see what happens next week, could be easy reversal pips unless it gaps huge on open. Trade Responsibly.
From what I've observed, anyone who says the phrase "sell short" is guaranteed to be a good trader. 😂 Maybe I should say this phrase more often to manifest my profitability 😅
Time 6:56 look back of 12 has a win Rate of 89.41% why not use that when it the highest win rates
thank you but how to set up Donchian the way in the video ?
Create a strategy with cci. Use double cci if needed
that was very interesting.
i'm a crypto trader.
there are no "pips" in crypto (or at least no one uses pips), so how can i calculate it to fit to crypto please?
Thank you for another great video!
On my chart the candles never close outside the donchian channel...is there a special set up? Is it the offset ?
THere are pips only no one uses them. Google pips to %s in pine script.
Greetings from Spain
I always test the first profitable close with any entry I'm testing. It typically gets me a very high win rate, but of course very small individual profits. For a strategy to work, all of those small gains have to offset the intermittent larger losses. That's the trick. But I started testing this exit inspired by this channel. So thanks for that! Also just to mention first profitable close can be hard to trade psychologically - when you are taking one of those rare losses. You don't have the positive feedback of larger wins.
Have you tried adding a far placed stop loss at a threshold where the probability of a large loss occurring is high ie. Above 1.5x avg losing trade or so?
@@dklox Yes I do. It's an excellent idea. I typically test 15 exits for every entry, and some of the exits involve stops. As with many, I find that stops usually harm performance; even relatively large ones. But your thought is very logical.
Now April 19, 2024, Friday definitely the highest close last 14-days, 0.86130 on Tradingview after huge daily move of 66 pips vs ADR(10) of 25. Let's see what happens next week, could be easy reversal pips unless it gaps huge on open. Trade Responsibly.
Greetings from india❤
From what I've observed, anyone who says the phrase "sell short" is guaranteed to be a good trader. 😂 Maybe I should say this phrase more often to manifest my profitability 😅
3 percent annual return is a joke mate
I would trade it SHORT ONLY to earn interest -- and only as part of a portfolo.