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Made a few more changes to the short side... which has helped some... attached is a monthly profit breakdown. It has some losing months.. but overall it seems fairly solid as far as automated systems go... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2139901 width=800>

Godzilla, I'll make this my only reply concerning my decision to add SCT to SPM. After this I would appreciate it if we can stay on track and not turn this into a dispute between the two strategies. I was unable to make EITHER strategy profitable on their own. That is not to say that...

brownsfan, For the most part it will be a "take it and run" approach. Although depending on the question I will answer some questions concerning it, but will in no way lay out what I did. Simply because in those threads the methods are somewhat vague and require the users to "learn" it to be...

Without a doubt this thread will probably get a lot of heat just because of its subject matter. Please refrain from turning this into a "war" between the two methods. The whole point of this thread is that combined they make a decent strategy. If anyone has followed my most recent posts you...

I agree with this. No need for all the nonsense between SPM and SCT. If you think your method is better and making money with it then so be it.. enjoy it.... Just keep the board clear so those of us who actually have a real interest in learning these various techniques can have meaningful...

Godzilla, No doubt there probably are some discretionary tidbits here and there that an experienced trader can do that will make this strategy a profitable one over the long haul... Back-testing can't account for those details. The back-testing does show without transaction costs it does...

here is the PL chart over that test frame incase anyone is interested.. see the spike at the end that represents these recent few months.. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2136102 width=800>

Duplicating this one as I did in my other posts I get the following results: Trades: 216 Profit: +$11,345 Looks good... Now however I test from 2003 till now and I get the following results: Trades: 6590 Profit: -$42,896 So granted in the past 2 months this strategy is great with...

I am trying to somewhat duplicate the other back-testing results.. so here is my attempt: Tested for the sept-oct as he did. Actually did sept 1 through Oct-20 trading is from 8:30 till 3:05 Central time, exit at end of day. Used $5 round trip commission, and .25 slippage per trade, which +...

This Zero line cross thing keeps getting thrown in.. does this mean only enter teh trade when the MACD Line crosses the Zero Line and the macd line crosses over the macd avg line.. such as all happening at the same time? Or was my post a moment ago correct?

Godzilla... i'm just a bit confused... let me make sure this is 100% correct: Look for BUY WHEN: MACD Line >0 AND MACD AVG Line >0 Enter BUY when above is true AND MACD LINE crosses above MACD AVG Line reverse the above for shorts.. Is this the correct entry signal?

What are the exact entry/exit rules you used? I have tried backtesting this several times based on how i understand the rules...and get I negative expectancy every time...

What sort of exit signals are generally used by SPM? The entries appear to normally not be too bad... however I have found tons of good "entry" strategies... but I have never found a good "exit" strategy... In my opinion exits are much more important than entry

You need more data

One thing I would like to point out... if what you have is working right now doesn't mean it always will. The markets are very volatile and the trends are actually very well defined right now.... few years ago was not like this.. and at some point will not be like this again... So although...

I dont see how this should cause you huge problems.. so from jan to june you did a lot of day trading... those stocks you were day trading in.. have you made ANY more trades in them since june? For simplicity, if your flat in those positions, and have not made any more trades in them since...

The automation is coming along fairly well... A few things I have learned while going through this is that many of the cases I proposed at the start of this thread don't really matter too much in the grand scheme of things... At least not if your automating the strategy... For example the...

Neoxx, You are correct my question was in fact aimed at drawing tapes. Will get to channels in future posts. Its just i'm trying to make heads or tails of what someone can actually see in real time. I was just trying to figure out in real time how it was known to wait on point 3 past that...

Neoxx, Do you know if that chart was annotated real time or after the fact... After spending a lot of time lately trying to automate this process, i'm noticing a lot of charts i'm comming across clearly had to have been annotated after the fact, or i'm just missing something subtle in how the...

Thanks, hopefully by breaking this method down into its smallest parts. Such as the way I approached the tape.. how I outlined every possible situation you can get into while drawing the tape and asking what is the correct action to take. Hopefully some of the SCT experts chime in with the...