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Hit Loss limit of $1000 today. The funny part is the price where i got kicked out is the low of the day for NQ.
Low of the day for NQ is 4792.5 and my position is closed by Loss limit algorithm at 4792.25, may be it calculates the loss limit based on bid price.
If it would have closed my position at 4792.5 i would have continued with the combine.
Lessons learnt from combine
Never leave your computer if you are in a trade without a proper stop limit
My strategy is a trend following strategy. It's discretionary mechanical system
It is based on 5, 21, 50 WMA
if 5 and 21 WMA is above 50 WMA i will take only long trades
if (5 wma cross above 50 wma) or (21 above 50 and 5 cross above 21) take long trade on cross.
if in long trade and 5 wma cross below 21 and above 50 - go flat wait for it to resolve and decide
if 5 and 21 WMA is belwo 50 WMA i will take only short trades
if (5 wma cross below 50 wma) or (21 below 50 and 5 cross below 21) take short trade on cross.
if in short trade and 5 wma cross above 21 and 5 wma below 50 - go flat wait for it to resolve and decide
To avoid whipsaws and to decide entry and exit at the crossover points i look at OBV if there is any divergence
So sorry to hear you hit the loss limit. Wow, and you were on roll with such good results. Odd that it would record your loss one tick below the low.
I suggest you reset and try again right away. You know what went wrong, and you can correct those two things. You're too good, and I'll bet you succeed the next time. Go for it and good luck. I'll be following along.
I don't trade ES, but am curious about constant-volume bars. If you can be bothered to reply to a non-Combine question, what would you say is the average volume per minute, or per 5 minutes (a) during the first hour or so of the S&P being open, (b) later in the day, and (c) out of S&P trading hours? I notice you're using 2,500V bars and there seems quite a bit of variability, but I'm not sure which time-zone your charts are set for?