Showing 1–10 of 10 matching strategies
Evidence: ModerateBeginner
Testing a Strategy Before You Trade It
the page that decides whether any of the others are worth anythingEvery page in this library ends up in the same place: you have to find out whether it works on your instrument, your timeframe, your broker and your costs. Nobody else's result answers that.
AnyFoundations · Method
Evidence: WeakBeginner
Candlestick Patterns: What the Testing Shows
the page that explains why the others are rated lowDoji, hammer, shooting star, morning star, three white soldiers. There are dozens of named patterns, thousands of courses teaching them, and remarkably little evidence that any of them predicts anything on its own.
AnyPrice action · Reference
Evidence: ModerateBeginner
Mapping Swing Structure
the definitions everything else in this book depends onBefore any structure strategy can be traded it has to be possible to say, mechanically, where the swing points are. Almost nobody does this, which is why two traders looking at one chart disagree about whether structure has broken.
Any — apply the same definition on every oneMarket structure · Foundation
Evidence: StrongBeginner
The News Blackout
a gate in front of every other strategy you runThis is not a trade. It is the rule that decides when none of your other strategies are allowed to be in the market, and it belongs in this book because the same research that makes news tradeable is what makes it dangerous to everything else.
Any — applies to every timeframe you tradeNews · Filter
Evidence: ModerateBeginner
Trading to a Drawdown Budget
the maximum loss is the only number that mattersA challenge gives you a profit target and a maximum loss. Almost everybody optimises for the target. The arithmetic says to optimise for the loss, because the target can be reached late and the loss can only be breached once.
Any — the arithmetic is the same on every horizonProp firm · Risk framing
Evidence: ModerateBeginner
Fixed R Multiple
decide the destination before you leaveThe simplest exit there is: measure the distance to your stop, call it 1R, and place the target at a fixed multiple of it. Two R, three R — the number is a choice, but it is made once and applied to every trade.
AnyExit · Fixed target
Evidence: WeakBeginner
Partial Scale-Out
what it buys, and what it costsTake half off at a modest multiple, move the stop to break even, let the rest run. It is probably the most widely used management rule in retail trading and it is worth being precise about what it does.
AnyExit · Position management
Evidence: ModerateBeginner
The Time Stop
if it has not worked yet, it is not going toClose the position after a fixed number of bars, whatever it is doing. No level, no indicator — just the clock.
Any · the bar count is set by the entry's own horizonExit · Time
Evidence: ModerateBeginner
Fixed Fractional Risk
the same percentage every timeRisk the same fraction of the account on every trade. The position size is whatever makes that true given the stop distance — so a wide stop means a small position and a tight stop means a large one, automatically.
AnyRisk · Position sizing
Evidence: ModerateBeginner
Daily Loss Limit and Trade Cap
the two numbers that end bad daysTwo limits, both checked automatically: a maximum loss for the day, and a maximum number of trades for the day. Either one is reached and the platform is closed until tomorrow.
Any · a daily limit, reset at your own session boundaryRisk · Behavioural