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Easy solution for this problem, Program your system to only execute trades in the direction of the long term trend...

CASE CLOSED!!!! it's a catch 22 we could do this for thousands of threads.

Well that was a lack of communication, or lack of understanding on my part, I do not believe that anybody can predict price, I am mitigating the fact that we as traders can predict high probabilties in the direction of price action to maintain the right side of the market.... Earlier you...

I talked to a guy once on a bench in front of the CME who told me he traded by using planets and Lunar cycles, very successful, he looked as crazy as his ideas, I always figured he was independently wealthy and claimed he made money off the market becuase I did not believe him, anyways I was...

That question you quoted of mine was meant to be a rhetorical statement, I was not implying that I could predict the future.. If I could predict the future I would play the lottery...

Now I have thought about messing around with hedging, I was trading euro futures but have moved over too forex becuase I can apply my strategy to multilpe products and start implementing hedging strategies, but I certainly did not realize that it has about 70% success rate, I am definitly going...

You guys are a riot, In such a subjective environment like trading, you have to make an assumption whenever you enter a trade, you are either right or wrong, if you are right about your decision you make money, in order for that to happen, whatever system you are using is taking information...

It does seem ridiculous to think that you could actually figure out what side is the right side of the market after it's been said, but during the heat of the moment it just seems to happen, I can't imagine that you "DON", has made money without figuring out what side has a higher probabilty to...

Out of everything Jerry has articulated, that quote above is the single most important aspect of any system, being on the right side of the market, it also keeps drawdowns and losses to insignificant amounts.

It chooses it's exits based on recent trading range averages and volatility. so if the average of a range has been x number of points over x number of days, it will assume that, unless there is a break out, it should go for x number of points right now.

Try PFXtrade.com they have the fxadvisor which is designed to do what you are trying to do, they may work with tradestation, and they have an API that is able to integrate into many platforms from what I understand.. http://www.pfxtrade.com/signal.htm

Most people are automating patterns found in the market, these patterns are simply behavior patterns of human beings, behavior patterns are consistent as an individual but they change drastically when in a crowd, or when you are drunk, or in trouble, etc, behavior patterns are very easy to...

That is how it felt while I was there, it's like a room full of market makers but the traders don't know it yet... Refco owns so many firms now that is does not matter if you lose money, you just need to trade. I checked my counter trades when they had TT and a large sum of my trades were...

50/50 1$ to $400,000 60/40 $400,000 to 1,000,000 70/30 1,000,000 and above 3 year deal When I was at Refco the deal was similar, but you need to read carefully and ask questions because on a 50/50 split, you must make them 400,000 on their split, so if you make 400k, then Refco takes...

I recently left Refco chicago, all of their contracts are negotiable if you can show a track record...