I have been doing an amount of statistical analysis of the methods described in this thread.
I have come to the conclusion that :
1) I am definitely on the right track with presentation.
2) Simplifying the UM into 4 different levels is exactly the correct thing to do.
3) Simplifying several of the operations is essential for a fast moving market.
I have found that the 2nd form of multiple amount trading introduced in this thread is too complex to execute and will, therefore, be deleted.
The 1st multiple amount method will be retained, but its entry method simplified.
Entries and stop losses will no longer be using the limit and stop orders approach. They are simply too slow in this fast moving market.
The new approach is nearly ready.
I have found that the multiple amount method is no match against the Starc bands approach.
Using the Starc bands makes a lot of pips.
The multiple amount method is only about 30-40% as efficient.
I have decided that the
Basic method will use the multiple amount approach.
With this method, there will be no need for 5 minute starc band charts or the 5 minute KC charts.
This level will only need to use the main charts.
It will be easy to use but will make considerably fewer pips than the
Advanced method.
I think that I will include the Starc bands charts in the
Intermediate method.
A big jump in pips gain will be experienced but the Keltner bands will be left for the
Advanced level.
Keltner band entries give a good pip advantage in about 50% of the patterns you trade.
Further progress has also been made on the development of very rapid and precise entries and exits.
The stop loss saga has been totally simplified and is now a traders dream.
The whole emphasis on the 4 levels I propose is simplicity.
Not only in the
Basic level but also in the
Advanced level.
Progress is rapid and the results should be out there soon.
I will keep you posted.
platforms
Progress on simplifying the UM
Linear Mode
