The maxtrade wouldn't have happened if it was a last entry filter setup, because obviously the trades were loaded unnecessarily both sides quickly, IMHO. So, with the last entry filter setup, reaching maxtrades may be less.
Because, kayvan's method looks for breakouts - so last entry filter and pyramid are important.
but if I remember correctly ...I went on a 10-day winning streak with the "H1 Cable kayvan" before one single maxtrade event wiped out all that work...
The market is being rather kind to the Last_Entry_Filter method just now...up 1.5% in 12 hrs....I like the maximizing logic of the WFM ("wolfe floating MM")
When News-Traders get their hands on WFM...gawd help us
P.S. Even the M5 traders can use it.
This is the setfile I am playing with in M5 Cable. If any of you can improve it please share!
WFM just gave me a monster TP...I am up 2.8% in under 24 hrs thus far..
I reached a 3.2 lotsize which is a progression level 6 out of 9.
I kinda like the post in here explaining a custom progression scheme...
0.1, 0.2, 0.3, 0.5, 0.8, 1.3, 2.1, 3.4, 5.5, 8.9, 14.4, 23.3
He added the previous 2 together to come up with the next progression.
P.S. If you looked at my setfile I am merely using doubling currently to see how long it takes to Blow-Up (I consider a blow up 9 trades with 1K initial) ...but this may be the more conservative approach above with 12 possible trades.
We need a LastEntryGap option...right under the LastEntryFilter input.
For those of you interested in Pictures...here is some price action for you....
The only thing is ...how long do I demo this before going live and do I have the balls to do it?
Also is doubling too aggressive...?
If I demo this for 1 month...2...3 ...4 months I guarantee you the nano-second I go live I will hit a maxtrade exit The question is not IF I hit a maxtrade exit of about a 300 buck loss...will i have time to build up profits to absorb it without going below the initial deposit?...if this is a true edge it should be a positve transaction...
Can't we make it to close some (less profitable) of the trades when hit to maxtrades?
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