The more simple the better!
Do you use risk:reward to tilt things in your favour? (Sorry if you've written about this in a past post).
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
The more simple the better!
Do you use risk:reward to tilt things in your favour? (Sorry if you've written about this in a past post).
Posted Using LeoFinance Beta
As the strategy isn't very accurate (37% win rate), there's probably all sorts of improvements you could do, but the problem is, the strategy out performs bitcoin because it captures every up trend and misses every down.
If you started picking and choosing entry signals, you could miss an up move (and a huge chunk of performance), and if you skipped a take profit signal you could cop a nasty down day like the one that occurred after the last take profit signal (potentially increasing max drawdown substantially and detracting from risk adjusted performance).
Having said all that, you could have a fall back or something, where if you didn't take a signal due to potentially poor R:R or whatever, you jump in a candle or two late if it moves.
Posted Using LeoFinance Beta