entry system is actually a misnomer, you are correct what I meant was the trading method All that matters tremendously, that is the entry point, exit, timeframe, time in trade etc etc
For trading with very short timeframes, which probably you do as mentioned by your previous handle/ posts, the above research results would be, I think, a very solid and sound conclusion.
Pyramiding is as old as the sphinx, since the days of the pharoahs no one has pyramided successfully..... Just kidding..... To see if pyramiding is a esstential part of your trading backtesting would be a good way to find out....Pyramiding excessively can occur bigger drawdowns, but once a trend is going your way hugh profits can be produced but finding a trend and riding it out is a different story...because any drawdown bigger than 40% can make a person stop pyramiding....find out what is your tolerance level for drawdowns because only you can answer that question.....
The comment above might not hold across all styles, even when short term trading Listen, you gotta ask yourself the following question: To succeed at this given my trading personality, is it more important to my proper execution that I: 1) Be more right than wrong? or 2) Be right more than wrong?
Quite right, it's a very important factor to consider, for how much heat we can bear psychologically when encountering adverse movements.
Without good timing/ sizing for entries/ exits, pyramiding would be (probably very) risky. With (truly) good entries/ exits, why would we need pyramiding?
Exactly! That is why all of our traders are advised to "rethink" the entries rather than simply add to them. This way you would have a better capital usage and very tolerable drawdowns.
You summarize the conundrum indeed my friend... Think hard about it. It's almost a mathematical riddle. And don't fall into the trap of believing that since others have tried and not found any satisfactory answers, you won't either.