Forexmospherian
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Hi F,
sorry for mixing into the discussion.
i quite understand that trading is not always black and white etc. etc.
I am also a programmer, and in programming (just as in real life), you can not forget something a little.... you just forget or do not forget something.
if i understood correct what you just wrote we can divide these lines in 2 groups:
the 1,2 & 3 belong to the ENTRY rules.
and 6,7,8 & 9 Belong to the EXIT (or the should i stay or leave) rules.
maybe there is more discretionary which we can not fit in rules, but for a programmer it helps tremendous to get it as straight as possible.
(in a WHAT/IF scenario)
further we had for entry:
- the mentioned time window x minutes around the half and full hour
- SR levels (for me not yet clear... but i have lately not done much screen watching)
- ......is there more ??
and maybe there is more, from which you maybe not even realize they are part of your method (but as long as it works
grtz from the land of beer & chocolats (aka belgium)
Bob
Hi Bob
Thanks for your comment
Yes I think you are following the "gist" of the system
I suppose it down to 3 main factors - with each one having loads of variables that effect the main equation
1st - For me is Time . There is a pattern for entries and exits - ie when people take new trades - or exit ones that have made them profit - or losses ie they might be stopped out
2nd - When these entries and exits happen around a S & R areas - not just major monthly levels - but also interim session ones and it coincides with time windows - then we normally get changes of directions - that might be from just 5 pips all the way up to 500 pips. Normally - and maybe 70% of the time they are only 5 -15 pip moves - but they are just great for scalpers working with tight stops.
3. Price action and price structure - that's where I find my LR settings can assist me to be highly accurate.
No experience naked trader would get anywhere near the accuracy I can obtain - proving that the eyes and brain alone are not enough - they need help from other aids.
When you then look at the detail in the 3 main factors - this is were its not just black or white - its a lot of grey and uncertainty unfortunately
So for any programmer - its going to be a very long winded and time consuming job to put it all together.
That's why some commercial programmed automated or even semi automated systems takes months and months to develop etc - and therefore I can understand how costly the whole exercise becomes.
How do you program "grey areas" into a system - that an experienced discretionary trader sometimes just ignore entries or exits - simply down to him seeing more - ie news - 15 mins away etc etc.
I therefore think you need a "default" setting of "dont trade" when all the clues don't line up correctly.
It will be interesting to see how it develops etc - and if it means i have to list every component in my equations - ( i think there could be even 100's) like even level of risks - ie do I take more trades when i have made more money out of the first 5 trades of the day etc then I can do it - but can it all be programmed ??
Regards
F
