Hi guys, thanks a lot for sharing your experiences! I take with me that stop losses - even trailing ones - in the JBT context are not recommendable for strategies which are toggling positions between short and long and thus are always in the market.
Again thanks a lot and best regards On Feb 25, 6:27 am, ShaggsTheStud <[email protected]> wrote: > 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.
