23/27 system was working in some conditions but it is overoptimized, because the data sample is too low, so it wont work anyway in the long run. Just my opinion.
"I wouldn't say that the volatility is killing the newbies. I had my best month so far after 6 months of live trading"
Well lets see after 5 years:-) There are many mechanical strategies that can get you 500% gain over short period but then drop to $0 after longer time. This is no secret.
Vector Vests TA is not worth anything. Yes, you can duplicate their "TA" very easily with any charting package. I would not advice you to pay for this software.
I am looking for a TA software which has as much strategy performance results as TradeStation 7, but where I could backtest my strategies on my own data-ASCII. It would be great if it would graph max adverse excursion percent for every trade.
Let me know if you know of such software. Does...
"...you are getting a 3 pip spread on the majors. Does that make it worth scalping even? It's still 6 pips round trip to breakeven."
If you buy and then close the position you get a spread of 3 pips, how did you get 6 pips?