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My expectations is NOT a system that never loses. That is insane. However, what I meant when I said SPM is not always right, is that by ITSELF SPM is not profitable over the LONG RUN. Whoever is trading SPM has to know when to avoid a signal, or when to expect a quick out after taking a...

So price action is always right, but SPM is not always right. SPM helps highlight price action. But the rules of SPM is not enough. Need more rules for a MACHINE to trade it. Hence, where some of SCT came from. Its being used as a substitute for the missing pieces that the machine does not see...

I have been leaving the short side out of the system as I continue to improve it. The performance metrics on the short side of the system is not where I would like them yet compared to the long side.

Shows a net loss on teh short side? Did you miss the very first page of this thread? Short only: Trades: 837 Win%: 34.17% Profit Factor: 1.27 Sharp: .27 Profit; +$17,655 per contract

Since SPM has fairly rigid rules. Why dont you have SPM autotraded? Why bother manually trading it, if it "never" fails. If with the rules you have layed out for SPM if it can not be put into a system and COMPLELTY autotraded then that implies that something else is needed FOR A MACHINE to...

In fact, I would think the SPM lovers would like the results. Since it goes to prove that SPM can indeed be profitalbe long term, IF you can filter with price action some of the trades.

No reason for the SPM lovers to get their panties in a bunch. The actual system is more like SPM than you probably think. Its just been improved with the help of some concepts from SCT (NOT SCT AS A WHOLE) just some core price action concepts. This was done, as I said before that if you take...

True SPM alone did great today, and has done great for about the past 3 months actually.. On top of that SPM has done good but not great for about the past year. HOWEVER, further back than that when volatility was lower, SPM does not do that great. SPM by itself, (by itself i mean a trader...

The system took no trades today. Which is expected when it only trades around once every 4 days.

Starting tomorrow I will be forward testing this strategy. Will not be trading it with real money yet, but will be observing how the strategy performs going forward. If results appear to be in line in a few weeks, will trade it live. To keep a record of how it does, it will be sending its...

As I have done with 2 other systems that I have gone live with or forward tested. I have created threads detailing the results. I am thinking of possibly doing something similar with this one if there is any interest? I am also considering if I should just do a thread, or if I should put it...

For those wondering, the results for the forex. I have only tested EUR/USD. And the only data I have is from 4/1/2001 through 12/1/2002 And then another chunk from 1/1/2007-1/1/2008 Granted my data is very sparse. But I am hoping to get more... the thing is i'm using Gaincapitals forex...

I may be forced to remove a component of the strategy. I already had to remove this piece for testing on forex. Its the volume confirmation. Removal of this hurts the results some, still returns around $33,000 per contract for the long only without this confirmation... But affects PF and...

Austin, neither the long nor the short side is blindly taking trades after the cross of the MACD.

Although I may be curve fitting the system, I am not entirely certain. Generally systems I have curve fitted would fail miserably when I switched to a different instrument which is not the case here. BTW it had initially failed on the forex data I fed it, but after careful inspection of the...

No the system is flat at the end of each day

Looks like the forex data I got is not very reliable.. Anyone know of a good free source to get historical forex data?

Testing from 2001 till now on EURUSD is not profitable after slippage... but without slippage it is... I am new to forex, so perhaps the way the market moves is a little different...

Still struggling with the short side of the equation.. but have vastly improved the long side. Look at this PL chart for this long only, its amazing that is a LONG only strategy. Especially look at the last few months how its making money hand over fist in this bear market.... updated stats...

austinp, That may be true... but its hard to deny the benefit of a truly sucessfull 100% automated strategy