Thanks for the reply again Cyco. I was thinking the same too and just taking everything that signals an entry!
The chart analysis and journal logging is taking longer and longer these days. I was hoping it would become more streamlined so I could add more strategies. Maybe a few more weeks will do it.
I just noticed the rollover financing with 20+ positions is making a big hole in equity too - around 0.3% of capital per day for me.
I just had a look at that pair and I’ve personally got 3 open shorts there: trend analysis, 55/20 channel and conqueror. In this situation you’d have to apply some discretion.
Cyco said before that he uses the tightest stop of the strategies of open positions on the pair. So I would assume if there was a 55/20 break and a Conqueror, and the rejection rule popped up he’d use the rejection rule. This is a protecting profits kind of stance that I have adopted in most parts. If I only had the 2 strategies up like your current situation I think I would have closed the trades out with the rejection rule too.
Because I have the extra TA trade open though, I’ve decided to let all positions ride first using the conqueror stop. My argument is that 2 of 3 strategies still favour an open position and I could technically “shift” the risk over to the other 2 strategies. Trend analysis seems like a stronger strategy than the 55/20 breakout and conqueror so I’m hoping to ride out the trend. I’m not sure if this is the right choice but with more experience I’ll find out.
I believe that whatever the choice, just have a good reason to do it and if it does fall over you’ll learn from it.