Someone would like to share some idea on how to track total heat in systems like "Average Crossover" if you dont want to hold/use stops?
thank you
Compute risk when not holding stops
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- Roundtable Knight
- Posts: 138
- Joined: Wed Nov 10, 2004 4:36 pm
The much harder question is how to do this for an ADX crossover system without stops. You would need to project tomorrow's Open, High, Low, and Close, since the two ADX lines that cross over (DMI+ and DMI-) require all four prices in their calculation.
And the VERY much harder question is how to define the word "risk". Do you want to include (possible severe price gaps) in your definition of risk? Although infrequent, they do occur. How about limit-locked days?
And the VERY much harder question is how to define the word "risk". Do you want to include (possible severe price gaps) in your definition of risk? Although infrequent, they do occur. How about limit-locked days?
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