ETF SWING & DAY TRADING

[KovuLK]

MetalFillBoy re: Tests for next day open


Next Day Open, 1X, Highest Profit
Stop Level = 30%
Profit Level = 30%
Next Day Open, 1X, Lowest Max System Drawdown.
Stop Level = 8%
Profit Level = 2%

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Stop level, does this mean that your stops are set to 30% drawdown?? What is the profit level mean, that you close the trade at that percent??

For the EOD testing results in post #25783, you have 29-40% for stops. Does this mean you tested the whole range and chose a single percent amount?? What was the percent that worked best??

It looks like that the higher stop level allows a higher profit as well. Is this correct??

Just trying to get some clarity for myself.

BYW the weather is great here but we have rain coming soon. The boat has been calling but work will need to be done for now.

Thanks
kovu