@BearBullTraders Andrew, you flash 5 figure wins almost every day without mentioning what you risk (in dollar amount!) on those trades - all newbies suddenly believe that 1 min ORB will easily make them rich fast! And in these posts you pretend you do not see all that.
@marlowtrades@BearBullTraders@PeakCapTrading I think at the very least the community deserves a clear acknowledgment and explanation on this by Andrew rather than another "1 min ORB will make you thousands" letter. For me BBT without you and Thor is smth cmpltly different.
@PeterB_242@AimanBbt@ThorYoung@dastrader@TradingGuardian How do you code the entry and exit criteria in DAS? E.g. size of candles, wicks, certain sequences, entry placementetc? In TradingView I was using Pine scrip for this task, but was not aware it was possible in DAS. Is it?
@samuraipips358 I backtested my strategy for 2 years back on 16 tickers (US large stocks). These are the results. Would be grateful for any views!
Trades: 4,053
Realized R: +539.86R
Win Rate: 37.3%
Expectancy: +0.133 R
Av Win: +2.29 R
Av Loss: -1.00 R
R:R Ratio: 1 : 2.20
Profit Factor: 1.48
@samuraipips358 If I am trading large cap US stocks (the same pool of ~10 tickers) for the first 3 hours after the open (in general terms, it is momentum continuation strategy), what should be the sample size for backtesting. Is going 365 days back for each ticker a decent amount?
@Wordsofrizdom I personally use a system of a predefined dollar amount risk - to enter the trade you must to mouse click on the chart where your stop is placed (and then click hotkey). So it is impossible to start a trade without a predefined dollar amount stop.
I see a lot of tweets/screenshots of green "one and done" trades. But I have NEVER seen a RED "one and done". It is easy to stop when you are green, but incredibly difficult when you start the day red, especially if you break your rules.
@samuraipips358 Key thing is volume creating price movement. As AI-supported systems will compete against other AI, it might be actually very beneficial for traders, helping to spot patterns/moves. Also, the majority of market is already controlled by "AI" algos.