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Sweet Spotpeter2, 53 positions is the sweet spot for my HYBRID Strategy as testing confirms. (but nothings perfect)Combined strategyI'm running (3) separate breakout systems combined into one strategy. The combination of strategies allow me to set individual parameters making sure I pick up that signal quicker. Getting onto the move at the right time pays huge dividends in overall performance.Taking the signal earlyTrading weekly and getting the signal early makes the difference between a good system to a better system. I've added additional filters & indicators as I use a very large Looping stop (a chandelier stop for a simpler explanation) its in place to keep me safe. (I've explained before I'm a trading wimp)ROC indicatorI've explained in an earlier post how the Exit (stale Stop) works & how I use the (ROC) to gauge momentum (traders interest) going into the trade & when it stalls & downturns I'm out of the trade quick smart.I'm not using a stock standard Rate of Change indicator (ROC) there's a little more to it than that.Don't let other tell you its not all about trendsI'm a Trend Follower & a quick and simple explanation for others - if traders want to jump on & push a stock price higher count me in but as soon as I know the interest starting to wain (lose momentum) I'm off the sucker looking for the next ride.Skate.
Sweet Spot
peter2, 53 positions is the sweet spot for my HYBRID Strategy as testing confirms. (but nothings perfect)
Combined strategy
I'm running (3) separate breakout systems combined into one strategy. The combination of strategies allow me to set individual parameters making sure I pick up that signal quicker. Getting onto the move at the right time pays huge dividends in overall performance.
Taking the signal early
Trading weekly and getting the signal early makes the difference between a good system to a better system. I've added additional filters & indicators as I use a very large Looping stop (a chandelier stop for a simpler explanation) its in place to keep me safe. (I've explained before I'm a trading wimp)
ROC indicator
I've explained in an earlier post how the Exit (stale Stop) works & how I use the (ROC) to gauge momentum (traders interest) going into the trade & when it stalls & downturns I'm out of the trade quick smart.
I'm not using a stock standard Rate of Change indicator (ROC) there's a little more to it than that.
Don't let other tell you its not all about trends
I'm a Trend Follower & a quick and simple explanation for others - if traders want to jump on & push a stock price higher count me in but as soon as I know the interest starting to wain (lose momentum) I'm off the sucker looking for the next ride.
Skate.
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