The quotWeighted Taylorquot Method -
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thread: The quotWeighted Taylorquot Method

  1. #31
    Junior Member Pippas's Avatar
    19
    ,

    It is very good to see folks pull my machine apart and ask questions - and yours is quite valid. The 18th was the start of me putting my own egy to the evaluation. And the trade you are talking about has been practically my first commerce with the Weighted Taylor Method.
    The motive was took the trade was that I was hoping to use additional information which comprised the price at its greatest (1.3850) on the 24th. That is the highest its been around for ages. I must admit that I took a chance at this commerce, as I thought it'd come down.
    Additionally, I must admit that I was to impatient to get more transactions in, so even though the RSI and MACD was above their redlines, I knew that in the future (I didnt understand just how long) they would fall. It paid off, but not without abit of stress and hair.
    Ever since then I have to take steps to try out subject myself and keep out of bad trades.

    I must ask - where could I find out more info concerning the GMMA system you mentioned.

    Hope this helps,
    Brendan
    Brendan, you can searchcliqforexor even google for GMMA or guppy multiple moving average... that should give you all you need to understand.

    Again, this is not meant to be unique to your own system at all, but I want to voice some things I've found in my short trading experience. The thing I've discovered with ALL moving average-based systems, EVEN the GMMA system, is they work excellent when a trend is developing, and work badly when a pair/stock/whatever is ranging or oscillating. Especially with a MA crossover system, if price decides to leap back and forth, MAs will do you no good, and my concern is that following a rigorous system when this is happening will permit you to lose much more than that which you've earned during the nice trending times. I suppose that if you receive a pair that has long-range trending fashions, then you could weather the ranging intervals, but those may last a LONG time.

    AgainI hope that your system is going to do very well when your pairs are trending, and probably suffer losses when they aren't. It is not to not have faith on your own body, but it's only that the logic behind why MAs work means this will happen. I suppose RSI and MACD will filter out some terrible transactions, but my guess is they might also filter out some good ones.

  2. #32
    Senior Member Tataylo's Avatar
    435
    Hi Brendan

    Thanks for sharing. I've read your very well-written Word doc and, for whatever my opinion is worth, you've developed an extremely good trend following system.

    There are pros and cons of investing in a longer timeframe. The major benefits are that prices tend to trend , since they tend to follow the economic tendencies as well as the moves of the banks and large institutions. Also trade costs are relatively less, i.e. a 5 pip spread across a 200 pip transfer puts you in a 2.5% handicap every time you trade, while (such as an intraday trader) a 5 pip spread across a 20 pip transfer is a 25% handicap.

    Perhaps the biggest disadvantage is the fact that it takes such a long time to assemble enough of a track record to determine whether or not your system will be profitable in the long run. The point Josh makes (see the quote below) is very valid, IMHO.

    Concerning interval, Daemien discusses a few of these pros and cons in more detail here:
    https://www.cliqforex.com/bitcoin-cr...rogrammer.html

    IMHO adding more specialized indiors to the same timeframe chart doesn't necessarily provide independent confirmation, because all indiors are finally derived from precisely the exact same OHLC info, and finally the best they can do is have us enter (and leave ) in an earlier or later price bar in the emerging fashion.

    I wish you all the best with your system.

    Thanks again
    David
    ________________________________

    Again, this is not supposed to be specific to your system at all, but I'd like to voice a few things I've found in my short trading experience. The thing I have found with ALL moving average-based systems, EVEN the GMMA system, is that they work fantastic when a trend is developing, and operate poorly when a pair/stock/whatever is ranging or oscillating. Especially with a MA crossover program, if price makes the decision to jump back and forth, MAs can do you no good, and my concern is that after a rigorous system when this is occurring will cause you to lose much more than what you have earned throughout the pleasant trending occasions.
    Josh, excellent comment, I have reached exactly the same conclusion after analyzing many trend following systems.

    David

  3. #33
    Junior Member jarivfer's Avatar
    11
    Hi Brendan,

    How has your system been performing the last months? Any modifiions?

    Due

  4. #34
    Hi Brendan,
    Send us your last statment

    Best Regards,

    Marcelo Marques

  5. #35
    Senior Member elaydora's Avatar
    116
    I would like to introduce everybody to a egy I have developed. You can download the ebook about it which explains and shows you all that you have to understand and utilize the method.
    Hope that you find the information useful and I appreciate any feed back.

    Thanks
    Brendan
    Hi Brendan,
    Would not like to include in an exel MM calculator and say trade under 3 percent risk?

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