Just been mainly focusing on the systematic side of things for a while now and one of the things that seems to provide a benefit (depending on the system naturally) is a regime filter, i.e. when xao < 200ema, no trades, reduce size, etc. etc.
Do any of you apply something like this to your discretionary trading? Over the last few years just about everything has been hard going, so a regime filter would have helped (maybe?), or at least reduced position sizes when taking discretionary setups, to lower risk in this choppy environment.
This ema above the fib would help a bit with avoiding the chop etc. just pondering a few bits and pieces, hard to back test a discretionary system like this. Unless any of you know a combination of indicators that set up exactly the same each time when the ema crosses the fib?
