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Strategies & Market Trends : Forex Forum -- Ignore unavailable to you. Want to Upgrade?

To: Defiant who wrote (10)	6/18/2002 11:20:53 AM
From: fut_trade	Read Replies (1) \| Respond to of 50

First - I don't trade the system because I don't trust it's predictive power yet. I have been using a simple indicator like Williams %R - buy when %R rise above 25, sell when it falls below 75. I only use a single indicator at present. I haven't thought about combining two or more indicators yet because it just seemed like adding additional fitting parameters. When I watch intraday charts, I see price bouncing off %R = 25 or %R = 75 levels several times in a row and I trade on a discretionary basis. When I optimize say two parameters, I don't take the best two values, but instead make a 2D plot and look for a region where parameters produce profitable trades. On a 2D plot you would see a circle where a lot of profitable trades are made. I don't know how to combine multiple indicators. Going short would be the reverse of going long... I look for between a 50 to 60% win%, but a greater average win then average loss. Also, I want the system to make a lot of trades to help reduce the chance of finding some freak that can't repeat itself again.