ST sirs post about any method /system
1) If the current system is working fine, we should not try to over optimise it to avoid all whipsaws and late entries....this compromises the simplicity and robustness of the system.
2) There is no system which will have all winning trades and avoid all losing trades.
3) Any mechanical system will have its share of false trades,late starts.We need to make more when right and lose less when wrong.
4) General traders ( myself included) cannot take more than 5-6 trades in a day ...they dont want to make 150 points either .They are happy with 2-3 trades max and make 50-60 points in a day...
Considering the above I think marking support/resistance on OBV and then taking a trade in direction of the breakout should give 1-2 good trades.
5) On a bad sideways day, nothing will work ( only supertraders and God can possibly make money on such days)....so we should not insist that our method should be profitable on the worst possible days....on such days, we should mark the boundries of high and low and trade only when there is a breakout/breakdown or trade on VWAP or avoid trading in sideways price bands.
We can experiment on 1 min/15 period ,1min/10period,1min /5period etc bands to see which band gives us good supports and resistances on OBV.....I am zero in AFL.modification ,so cannot test these.
These are just a few suggestion to make the system useful for most of the traders.
2) There is no system which will have all winning trades and avoid all losing trades.
3) Any mechanical system will have its share of false trades,late starts.We need to make more when right and lose less when wrong.
4) General traders ( myself included) cannot take more than 5-6 trades in a day ...they dont want to make 150 points either .They are happy with 2-3 trades max and make 50-60 points in a day...
Considering the above I think marking support/resistance on OBV and then taking a trade in direction of the breakout should give 1-2 good trades.
5) On a bad sideways day, nothing will work ( only supertraders and God can possibly make money on such days)....so we should not insist that our method should be profitable on the worst possible days....on such days, we should mark the boundries of high and low and trade only when there is a breakout/breakdown or trade on VWAP or avoid trading in sideways price bands.
We can experiment on 1 min/15 period ,1min/10period,1min /5period etc bands to see which band gives us good supports and resistances on OBV.....I am zero in AFL.modification ,so cannot test these.
These are just a few suggestion to make the system useful for most of the traders.