Discussion of article "Moral expectation in trading"
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New article Moral expectation in trading has been published:
This article is about moral expectation. We will look at several examples of its use in trading, as well as the results that can be achieved with its help.
This was a theory. Now let's see what we can do in practice. To do this, write a script that simulate the execution of trades. We will check three options at the same time - with a fixed stop loss and take profit, with a floating stop loss and with a floating take profit.
At first glance, the option with the fixed stop loss and take profit (blue line) wins.
However, it should be remembered that we used the maximum stop loss and the minimum take profit possible. What will happen if we move away from these boundaries by slightly reducing the stop loss and increasing the take profit? Then the situation may change.
Author: Aleksej Poljakov