I was merely passing my opinions to new_trader. I don't plan on using stop losses, except maybe as a halt trading feature for, as I said before, when the markets go wacky or the data feeds get messed up.
On Wed, Feb 24, 2010 at 7:05 AM, John-Crichton McCutcheon < [email protected]> wrote: > Shaggs, > In backtesting that I have done ( and this has been said by others here) > the observation is that stop losses do not increase long run performance. > Seems to me the best way to protect against big down days is to have more > big up days to offset. Having said that, I added an item in the strategy > pop-up that lets me go flat at any time and switch the mode to from live > trading to forward testing. > > Some time ago, I coded a trailing stop that I thought would surely > increase profitability in my strategies. To my chagrin, wound up adding it > to my strategy > scrap heap ( which is substantial) . > > > > > ShaggsTheStud wrote: > > Personally I think the stop loss should be part of the strategy. If you > are looking for an "OMG Get me out because the sky is falling" type of stop > loss, I think the idea would be to stop all trading on the strategy until > human intervention.. which would probably be to restart the program. > > Maybe we are already on the same page with this... > > I have no implementation advice for this. > > > On Mon, Feb 22, 2010 at 1:23 PM, new_trader <[email protected]> wrote: > >> when implementing an own stop loss system for minimizing losses or >> when closing a position via a trailing stop in a strategy to let the >> profits run there is a little "problem": >> the "money management" strategy says to close a position for whatever >> reason and succesfully closes the position. The indicator >> constellation of the strategy, for example in the sample SecondNature >> strategy, will reopen a new position immediately, because the >> indicators still have the constellation to open a position. >> What would be our recommendation to "tell" the strategy that it should >> forget the past and start calculating a new interesting position entry >> from scratch? >> >> Thanks in advance for your help! >> >> -- >> You received this message because you are subscribed to the Google Groups >> "JBookTrader" group. >> To post to this group, send email to [email protected]. >> To unsubscribe from this group, send email to >> [email protected]<jbooktrader%[email protected]> >> . >> For more options, visit this group at >> http://groups.google.com/group/jbooktrader?hl=en. >> >> > -- > You received this message because you are subscribed to the Google Groups > "JBookTrader" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/jbooktrader?hl=en. > > > -- > You received this message because you are subscribed to the Google Groups > "JBookTrader" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<jbooktrader%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/jbooktrader?hl=en. > -- You received this message because you are subscribed to the Google Groups "JBookTrader" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jbooktrader?hl=en.
