As long as the rules for trailing are specific and non-discretionary your plan will be in compliance with the Mark Douglas exercise. Process over profits. Wishing you all the best in your trading as you embark on the next 20 trade sample size, ...

The PriceBob Strategy

rinse, repeat You're doing all the right things, giga. Process over profits. Always process over profits. Get the process right and follow it precisely, the profits will take care of themselves.

The PriceBob Strategy

Because that is what his trading plan directs him to do. No one here answers to anyone else. This is not the thread to come to advertise your Algo-bot by making arbitrary posts that have nothing to do with the very important work we're doing here.

The PriceBob Strategy

This reminds me of my relationship to the Nazzcrack ... video

The PriceBob Strategy

So I get a private message asking "why can you only change one thing after you finish 20 trades?" Because that is the only way to test and measure! If you change one thing, and results improve dramatically, it is fair to conclude that the credit for ...

The PriceBob Strategy

We all hate him. Dang it to all those like blue who make us think. Thinking is hard! And we all love him. Except for the tin foil hat wearing MAGA-types - they just love to hate him lol Let the IGNORE'ing begin!

The PriceBob Strategy

I use it to trade Gold futures. It should hold up to trading XAUUSD with speadbet-type bucket shops, but as with all bucket shop trading, it really depends upon the integrity of the bucket shop and the degree to which your bucket shop broker ...

The PriceBob Strategy

Take your shoes off, set a spell. Always happy for your company, turnip!

The PriceBob Strategy

You had a resting buy limit at the take profit and it wasn't filled?

The PriceBob Strategy

The 3 point table was a generic simulated example. Trading plans should be built on the specific tendencies of the particular edge that is the basis of that plan. I wasn't meaning to suggest that one should only take 3 point ES profits. The example ...

The PriceBob Strategy

We've talked about this in the past. Dave Scott spells it out better than most, in my opinion. video

The PriceBob Strategy

When you guys post your charts, you should post so that the time axis is also visible. After all, a chart isn't a chart without plotting price over time.

The PriceBob Strategy

When my instrument is pumping or dumping into the closed of the reference bar I will often just market order in either just before the bar closes or on the open of the next bar. Can't let a few ticks keep you from the trade. If it triggers, get in, ...

The PriceBob Strategy

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The PriceBob Strategy

Average of 3 points per day, not per trade. The simulation does not assume no losing trades. It merely assumes an average net profit of 3 points per day, which given the current daily range of the ES should not be difficult. As with everything (and ...

The PriceBob Strategy

The simulation is set up to trade one emini per $4000 equity. Current day trade margin is $500 per contract, so the simulation is much more conservative than "the average guy trading 1 or 2 contracts" most likely. Here is the same simulation run for ...

The PriceBob Strategy