Originally Posted by
Andrei
Billy,
As much as we talk about this issue, is 3:1 RR cast in stone and can not be modified to make an improvement of the entry points? Yesterday we came to about 0.5% of a Buy signal. I'm sure it frustrates you as much as me to see a large gap up like today.
But there is another side of the coin - sure we are in headline driven environment and no mechanical system can predict, what authorities might or might not do tomorrow. Hence, sticking to the proven rule is the best thing we can do now... Furthermore, probably were it not for headlines, we could get out 68.74 entry today.
My main question - is a slight deviation to a 3:1 RR brings with it a worse long term performance?
Thank you.