Looking For Breakout or Trend following strategy

Discussion in 'Strategy Building' started by Daniel Hakimian, Sep 19, 2024.

  1. Hi Daniel Hakimian,

    I have a strategy that fits these criteria. How much are you willing to buy?
     
    #31     Sep 23, 2024
  2. I won't quote a price until I know more about it. Please email me or contact me on discord to proceed, which is in my bio.
     
    #32     Sep 23, 2024
    CFD.Trader likes this.
  3. If your interested in selling this or telling me more about it, email or message my discord in my bio and we can talk more about this strategy. Thanks
     
    #33     Sep 23, 2024
  4. My strategy meets all your criteria. While I’m not keen on selling, I’m open to considering it if you make a compelling offer :finger:
     
    #34     Sep 23, 2024
  5. Here is one for $ 15

    The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires Kindle Edition
    by Michael W. Covel (Author) Format: Kindle Edition
     
    #35     Sep 24, 2024
    Dollardogs and Sekiyo like this.
  6. Sergio123

    Sergio123

    What?

    Its all right there. I ain't no grifter.

    I read your journal and don't think you need a market strategist. I think you need a psychologist.
     
    Last edited: Sep 24, 2024
    #36     Sep 24, 2024
  7. Sorry I completely read that message wrong. Thanks for the advice and its my bad.
     
    #37     Sep 25, 2024
  8. danw

    danw

    It's entirely possible, if you meet a few conditions:
    a) Decent capital to handle wide stop losses 3.5-5.5 ATRs range, and ability to be diversified - it doesn't work so well if you only trade a few markets.
    b) Decent software to run a daily process. To be diversified you can't be checking 50+ charts manually every day. I use Realtest to do the whole end to end process.
    c) Decent data source that has the daily futures data you need. I use CSI Data for futures, and Norgate for Stocks (can also do trend following on stocks).

    This is not the system that I trade, but it's a simplified demo version:
    • 43% win rate
    • Payoff ratio 2.26
    • No TPs, exits on stop loss
    • Example screenshot of entries and exits below. LCC is London Cocoa long trade. CU is Euro short trade. Cherry picked of course, but the outliers are the whole point of trend following.
    • Trades 135 times per year on average
    I'm just a trader, so I don't sell stuff. But I'm appreciative of the work done to make this software (RealTest) do everything I need, so I'm happy to share in the hope that maybe it results in someone else discovering RealTest https://www.mhptrading.com/

    I'm sure I can share this script and very few people will actually make the effort to do this, but IMO in 2024 here and now it's never been easier to launch this kind of strategy yourself without a team behind you like the CTAs had to have in the past.

    It's an unoptimized simple demo - so you still need to tailor it for yourself and plan suitable futures contracts and rollovers etc. It can be drastically improved with a little work.

    If anyone does give it a go, keep in touch and let me know how things work out. Long term trend followers are rare in the world of scalpers and ES day-traders so I'm always interested to hear from people doing the long term thing.

    upload_2024-11-29_11-45-33.png

    upload_2024-11-29_11-38-36.png

    Based on Non-Compounded average returns, not marked-to-market, risking only based capital not unrealised P&L (classic trend style):
    upload_2024-11-29_11-57-6.png
    upload_2024-11-29_11-43-17.png
     
    #38     Nov 28, 2024
  9. i want to know what the meaning is about the calculation,could you tell me more ?
     
    #39     Dec 8, 2024
  10. schizo

    schizo

    And I ain't so sure what you're asking. Are you asking about what each box means, or how I came up with those parameters?

    upload_2024-12-8_21-18-16.png

    Anyway, here's what each box means:
    • Balance: This is your seed money or how much you're willing to invest.
    • Typical Risk: From that balance, this is how much you're willing to risk. So, for example, 2% of $100,000 would be $2,000.
    • Risk:Reward: If you're risking $2,000 and your risk:reward is 3, then you're aiming to make $6,000.
    • Win/Loss: This just means you win 40% of the time (and lose 60%). While this might sound crappy, you need to keep in mind the risk:reward is 1:3, which means the winners are 3 times as big as the losers.
    As to why I chose those particular parameters, well, that's what the OP wanted. :)
     
    #40     Dec 9, 2024