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Michael,I agree with you on a number of points, particularly the impact of the money management on system performance. You can make most systems profitable if you get it right...However I'd argue that certain breakout entries provide an edge because of the risk/reward r'ship they present. Essentially, the entry may as well be random but the pattern provides a risk/reward 'filter'.Not neccesarily the 'best' R:R but the most robust protective stop which minimises the chances of getting 'whipped' out of the position, while also minimising the loss if the pattern does fail.I'm just not sure if you could effectively program these types of entries.
Michael,
I agree with you on a number of points, particularly the impact of the money management on system performance. You can make most systems profitable if you get it right...
However I'd argue that certain breakout entries provide an edge because of the risk/reward r'ship they present. Essentially, the entry may as well be random but the pattern provides a risk/reward 'filter'.
Not neccesarily the 'best' R:R but the most robust protective stop which minimises the chances of getting 'whipped' out of the position, while also minimising the loss if the pattern does fail.
I'm just not sure if you could effectively program these types of entries.
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