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I think the idea is to put a limit order out at the opening price of the bar.

yep. Happened to me. Thought I had a kick ass strategy. Went directly to dow futures. Pulled the plug on the strategy at -10% capital after a few trades. Now I am trying to trade DIA. Less exciting, not making much money, but not going to blow my whole wad if I sneeze wrong.

The fib numbers are not an edge, except maybe in that gives you multiple signals in the first 30 mins of trading, when every thing is volatile. Also, the reason why this works is that you are trying to jump on a microtrend within the volatility of the market, with a stop just outside the...

Are you trading all times triggers today quah? How has the trading been so far today?

The problem is the overlap period. Illiquid doesn't think it is fair to say it is per contract when there is actually more then one contract on at a time. I think he might have a point. If you only have enough margin to trade one contract, you won't be able to take those overlapping trades...

The "front month" for futures is now December, september's contract expires tomorrow, so the volume there is light compared to december. No to the daytrading rules... thats a stock thing, not a futures thing. Yes to the $2K minimum acct balance, although I don't think you want to do that...

Trade your way to financial freedom. One of the main themes is that for a system to be a system, you must have an entry, an exit strategy, and positive expectancy for the trade. Positive expectancy means that for every dollar risk, you expect to make money, not lose it. He goes on to argue...

Its because Quah has decided that if he is still in a trade when the next trade starts, if the next trade is in the same direction as his current trade, he just adds a new contract and manages it as a separate trade. if it is in the opposite direction, then he flips the first trade, AND also...

Reminds me of a made up story I heard once. A group of rich saudi oil men show up at a casino with $$$$. On the rouelette wheel they bankrupted the casino. How? They bet on only one number. Everytime they lost, they doubled their last bet. Eventually, they had to win, and win big...

Then you just make a best guess maybe use the direction of the last bar or MACD or something. It doesn't matter because if you are wrong, there is a high degree of confidence that the stop and reverse will get you back to breakeven.

But the original entry is usually a winner too. Why leave money on the table? If there is a higher rate of confidence in the stop and reverse, double up the contract size on the stop and reverse. That way you make money on the winners, and money on the "losers" as well. Scalping like...

eom

Quah, have you thought about what your results would be if you picked the exact opposite direction to your signal? I am willing to bet that your system is still profitable, because of the stop and reverse component. The signal is giving you a slight edge in accuracy I think.

I am reading a real good book about trading system development and testing. http://www.amazon.com/exec/obidos/ASIN/0070647623/mastermindforum/102-8435873-1136963

Excellent results! Your percentage of winners is amazing. Hopefully this can keep up! I have just sent you a PM.

This is probably working well because you are thinking the least about it!

Anyone know anything about these guys? Might be fun to try out there system using IB MOO and MOC orders for listed stocks.

I am in the process of defining how scaling in/out would work for TradeExecutor. The key for me is to make it both simple to use, but flexible so that traders can do anything they want with the interface. Also I would like to add trailing stops in the mix as well. So how would you guys...

But I wasn't trying to pull the wool over anyone's eyes. I do use the software, and I think it is worth $50. (Be long one ES contract without a stop and no access to IB before you have a chance to send your stop, $50 will seem like a good deal) I didn't find the software reviews thread...

http://bullhaven.tripod.com/TradeExecutor Check it out!