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Denver, CO
Experience: Beginner
Platform: NinjaTrader
Broker: NA
Trading: NA
Posts: 62 since Jan 2010
Thanks Given: 383
Thanks Received: 8
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PLEASE NOTE:
X can be any thing (ie any amount of units..1,2,3, etc...)
This set of theory rules is one of an infinite set.
The rules are interesting but far less important than the theory.
Trend_Trade_After_X_Unit:
This tells (you) to add 1 contract to the position at X units.
If X = 1 and the strategy is long,
then, at +1 unit profit (you) should add a contract ...
visa versa for shorts.
CounterTrend_Trade_After_X_Unit:
This tells (you) to add 1 contract to the position at X units.
If X = -1 then (you) should add a contract when the strategy is at -1 units.
Reverse_After_X_Unit:
This tells (you) to reverse the position at X units.
If X = -2 then (you) will reverse (the new net position should be 1 contract)
the position when the strategy is at -2 units.
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