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"There's is no system based on short term indicators generating anything other than real time random performance. It's utterly naive to believe the next few ticks can be handicapped by a stale set of variable equations." Just because YOU don't know how to do it doesn't mean it can't be done.

Man, Doaks is my code bitch, man.

An excellent example, very clear, thanks.

Rafael, you described it eloquently, but it's a bit difficult to visualize. Perhaps you could share a screen shot with us the next time you see that pattern? Thanks and best regards.

Much as I loathe the five minute time frame (it's a Jack thing), it DID keep you short most of the day.

Bronks, I know what you mean. I like to trade drunk myself. In your defense, the retraces were a mite deeper than usual, at least in NQ. They triggered longs in my system that were sucker plays.

Man, the pity of this thread's death is that I was going two somewheres with it. Developing the most perfect bar quality-based system conceivable. And dropping hints about cybernetic-based trading system development. But ET's inability to stay OT killed both educational goals. And now I am off...

Thank you for your kind comments, RiskFree. I, too, like that kind of a bar. There is one like it in Dallas called Shorty's. Pray tell, what magical properties do YOU ascribe to that pattern? With the addition of a little more info it could be described as a candlestick pattern.

Silvermo, you are too kind. But you are also such a comedian! Two peas in a pod, I suppose. Your chart doesn't show what's critical: the time delay between the peak itself and CALLING the peak. That's the part that's kind of important to actually TRADING. At least mine is an honest Puck.

I'm sorry, are you bragging or complaining?

Me too. I am getting filty rich trading the Jack Hershey Method in ES. Highly recommended.

My existing peak detection code (bottom pane of the attachment) upon which I would build an automated channel constructor has 87 SLOCs (logical). Just a WAG but I am guessing that the logic to handle all the conditions of drawing, redrawing and testing channels would more than double that count...

I won't argue with you what I understand less well. ServoTrader is designed to identify and follow rising or falling channels. I use several other codes to handle range-bound behavior. All of them numerical S/R based on market internals.

But you have to use S/R to do it.

What makes me ROFLMAO is that long-awaited SCT software that doesn't even give signals. If you can't stoplight it, you don't know how, or even if, it works. My code has exactly 44 SLOCs (logical) to do very close to what SCT tries to do.

What does Jack say? "Do the work." Besides, you know it's all faked. Photoshopped execution. Stoplights triggered by manual code. Specious theories linking price to hydraulics. Hahahahaha! But I will say this. IMO there is no fucking way to make 3X. I have proved that to my satisfaction several...

You laugh. But Jack reflects what everybody thinks when they look at a static chart. "I coudda seen dat!" "Jes tink if I'da traded all dem peaks!" "Dis is simple!" But in trying to capture simplicity he made the common engineer's mistake of overcomplicating. I could cast SCT as a hydraulic servo...

Thanks. It wasn't held long enough because I had to get on a phone job interview with the next client. That fucking call cost me $200 but made me $50K. And as you well know, that long of a trade is an eternity for me. People who hold all day have my full admiration. They must stay stoned to do...

Since it doesn't work, tell me what it is and I'll tell you why it doesn't work.

Thanks. Five minute view of the system that did it. All based on sophomore servo theory.