Quote from: MA_talk on August 01, 2019, 05:10:08 PM

Quote from: olegrey on July 31, 2019, 09:36:16 PM

Quote from: AnonymousCoder on July 31, 2019, 08:26:25 PM

Quote from: olegrey on July 31, 2019, 08:18:38 PM

The DOW elected the bearish daily reversal at 27068.78 with the Dow closing at 26864.3, a 0.76% difference. I have bought DOG which is an inverse ETF for the dow.

Are holding your short for three days now because you concluded that this should be the trading period?

Read this blog starting at page 273 to find out more about computerized fraud

See https://armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog

I am holding according to these rules:

Trading Rules:
Stop loss is set at the nearest opposite reversal, but only a closing basis for the selected timeunit

If elected reversal is less than 1%:
   Sell on second timeunit closing if true
   Sell on third timeunit closing if second is false and third is true
   Sell on third timeunit closing if all three timeunits are false
   Sell on first timeunit closing if true and the corresponding opening to closing is opposite the elected reversal (bearish for an elected bullish and
   bullish for an elected bearish reversal)

If elected reversal is less more than 1%:
   If first timeunit is true, sell on second timeunit
   If first timeunit is false and second is true, check if the first closing is above the reversal for bullish or below for bearish. If so this is a "successful
   retest" of the reversal. Sell on third timeunit (second after the "retest")
   If all three timeunits are false, wait unit the closing is above the election of a reversal, a "successful closing", for the corresponding timeunit, (ex.
   Monthly closing for elected monthly reversals, weekly closing for weekly reversals, daily closing for elected daily closing) Sell two timeunits after
   the "successful closing"

For all elected reversals:
   If the first timeunit is a doji candle but true, sell
   If another reversal is elected on or before the "sell timeunit", then the time is reset for the previous elected reversal, add to position and follow the
   rules for the latest elected reversal for all positions. This signal overpowers all other signals
   If multiple successive reversals are elected and the closing of the first timeunit of the latest reversal is a doji candle that closes very close to the
   election closing, sell all positions (works for bullish to bullish, bearish to bearish, bullish to bearish, and bearish to bullish)

@olegrey, since you did NOT state what's your time unit, and you took your trade not at the CLOSING of the week, and you are using DAILY reversals, I'm assuming that your time unit is DAY for your trade.

You also need to post the reversals, for people to evaluate your entry/exit criteria.

CLEAR trading rules respect to buy/sell CAN be evaluated and tested. Armstrong NEVER posted any complete set of trading rules can be evaluated, since he simply intends to claim excellence through muddy water.

I'm assuming that the ABOVE trading rules apply to EXIT. And your ENTRY was based on the ELECTED bearish reversal ON July 31st for Dow's closing at 26864.27.

Based on your first/second/third counts above, and the elected reversal was less than 1%, I assume that you will be EXITING the trade within 3 days according to your rule.

Once you close your trade within 3 days, please explain which of the above rule was selected.

Then we can repeat your experiment for more times to see how well it works.

I posted my live trade on on page 308