Trading the Enterprise...!

[msa5678]

A trader who is scared to get a bad trade has already lost the battle. Its like a professional batsman who likes to blame the pitch for his bad performance.

Before we trade any system, even a black box system, we need to see how it performs by doing a BAR replay for at least few months. Watch it live for 1-2 weeks and then gain confidence and only then trade it. There is no excuse for not knowing how a system works under various phases.

The outcome of a particular trade is always unknown. But over a series of trades taken with a system, the outcome has an edge if the system handles the exits very well. With this system i know very well that if a trade goes wrong, the worst case, my loss with be 12 points. It will give me an exit before that 12 point stop is hit. I know that my system wont let me have big losses, which leave only 3 more possibilities left on the table. Either i have a minor profit, minor loss or a big profit. Minor losses will be taken care of by the minor profits leaving the big ones to add to my profit.

Stats says 57% of the trade are profitable and that means i know out of the 6 trades, only 2-3 will be winners. I give myself a 20% slippage on the maximum points system throws at me after deducting cost of transaction @ 0.03% on each leg (brokerage + taxes) from each trade. I have given myself that room for bad trades.

just my 1 cent...!

Either i have a minor profit, minor loss or a big profit. Minor losses will be taken care of by the minor profits leaving the big ones to add to my profit.:clapping:

 

[linkon7]

managed 1 trade today...! so far so good....!

 

[linkon7]

5112 long... tsl at 5120... now...!

 

[linkon7]

tsl at 5133...!

 

[nilesh53333]

please check pm linkonda.

 

[linkon7]

exit placed at 5142...!

 

[linkon7]

30 pointer on my lap...! enough for a day i dont normally like trading...!

 

[msa5678]

30 pointer on my lap...! enough for a day i dont normally like trading...!

Oh ! What a trade ! :clapping:

 

[msa5678]

Went like a ROCKET:clapping::clap:

 

[sumosanammain]

A trader who is scared to get a bad trade has already lost the battle. Its like a professional batsman who likes to blame the pitch for his bad performance.

Before we trade any system, even a black box system, we need to see how it performs by doing a BAR replay for at least few months. Watch it live for 1-2 weeks and then gain confidence and only then trade it. There is no excuse for not knowing how a system works under various phases.

The outcome of a particular trade is always unknown. But over a series of trades taken with a system, the outcome has an edge if the system handles the exits very well. With this system i know very well that if a trade goes wrong, the worst case, my loss with be 12 points. It will give me an exit before that 12 point stop is hit. I know that my system wont let me have big losses, which leave only 3 more possibilities left on the table. Either i have a minor profit, minor loss or a big profit. Minor losses will be taken care of by the minor profits leaving the big ones to add to my profit.

Stats says 57% of the trade are profitable and that means i know out of the 6 trades, only 2-3 will be winners. I give myself a 20% slippage on the maximum points system throws at me after deducting cost of transaction @ 0.03% on each leg (brokerage + taxes) from each trade. I have given myself that room for bad trades.

just my 1 cent...!

Wish you the best with this black box. Though not easy words to digest from someone who loves coding his own systems. Its not a question of ego as you have mentioned before, its just that I wonder how you have managed to place your trust on a process whose parameters you do not know. Its actually a let down for me, to see you accepting a black box. Thats all. Thogh maybe what matters at the end of the day is profits, and if its giving you that, notthing like it. I hope to God that you have tested months like August 2010 June 2010 and Jan 2010. If bar replay is as robust in those months, then maybe you are right in accepting a black box.