Hi Dale
As usual excellent work, and great ideas and contributions from others too.
I mentioned earlier that I have been keenly followingn the ideas initiated by you in theis thread, and I can tell you I am now losing sleep - in a good way - because of it.
I am becoming excited too, because you have not only proven that PSAR works, but your discipline and seems to be improving - thanks for your transparency there too.
Some of my "sleepless moments" are spent wondering how to extract profits in a mechanical way that fits hand-in-glove with your "PSAR-That's All" System.
If we stay with only PSAR, then it may be possible to exact an earlier exit at better profits, by looking at PSAR in a slightly shorter time frame.
Some charting packages do have the function that allows 8 hourly charts. But I suspect this may be too far removed from the daily PSAR, and if anyone knows of a demo package that has 12hr or 18hr charting, please let us know.
This might be getting very near to ideal for the purpose of selecting opportune exit for this system.
Note that we are still using "PSAR - That's All" but varying one component for the sake of potential efficiency. We won't know until we are able to experiment with it. I do know that whenI was using a certain indicator in the 4 hr charts, I was able to get an earlier exit nailed by switching to the hourly view to assess trend change, then switch back to the 4 hr to see what the candle looked like, and make a judgerment.
But it was getting away from the mechanical strategy at that point.
What we need to see is the shorter timeframe PSAR working BETTER than the exit from the one timeframe.
How do you feel about such an approach?
I did have other thoughts on exit, but perhaps best not to introduce them here, as it does not involve PSAR, and would wreck the thread and the idea. Plenty of time to experiment with other exits later.
But I will ask: What do you think about adding a second indicator for exits?
Sorry I have not contributed more, but night shift chops me around too much, and I have even neglected my own demo trades this week - have no idea what is happening to my open position with GBPCHF.
Work is th' curse of th' tradin' man!
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