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Once he has a net profit on a trade equal to 1% of his total equity, Brandt will take partial profits. Once a trade gets within 30% of his profit target, Brandt will employ much closer stop protection.
Jack D. Schwager • Unknown Market Wizards: The best traders you've never heard of
Systems work on probabilities. Understand them, don’t ignore them.
Perry J. Kaufman • Kaufman Constructs Trading Systems
These strategies provide a good representation of the different approaches traders can use to trade with trend. Model Type Published Port. Net $$ Trades Avg $$ Brok/Slip Random Trend Trader Coin toss 2020 P24 −$61,957 31,953 −$2 −$51 Hearne 1% Rule Relative price ROC 1870 P24 −$2,056,953 59,294 −$35 −$51 Gartley's 3- and 6-Week Crossover Relative p
... See moreBrent Penfold • The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty (Wiley Trading)
To avoid data mining the trend‐trading strategies I'll review will be run over my P24 portfolio, which contains markets that have been independently and objectively selected based on their diversity and liquidity.
Brent Penfold • The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty (Wiley Trading)
Edwards and Magee book [Technical Analysis of Stock Trends].
Jack D. Schwager • Unknown Market Wizards: The best traders you've never heard of
Example: Volatility-Based Trading System
Löwy Juval • Righting Software
Choosing low-correlation trades was a central feature of the firm’s risk-management system.