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    Simple System for Beginners

    April 05 results: + $1180
  2. A

    Simple System for Beginners Monthly Results

    March 05 results: -$1320
  3. A

    Simple System for Beginners

    March 05 Results: -$1320
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    Going public with a system ruins it?

    http://www.mechanicaltrader.de/randomequity.htm Go play with this equity curve simulator using nearly random but nontheless edge containg ratios such as win/loss ratio of 1.01 and trade probability of 50%. You can see that even with an edge there are some sample runs which produce losses...
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    Simple System for Beginners Monthly Results

    A peculiarity of Tradestation caused the very first trade of the month to be incorrect. Thanks to Manni0805 and Macaw for pointing out the mistake. The repost is attached.
  6. A

    Simple System for Beginners

    A peculiarity of Tradestation caused the very first trade of the month to be incorrect. Thanks to Manni0805 and Macaw for pointing out the mistake. The repost is attached.
  7. A

    Simple System for Beginners Monthly Results

    November results attached
  8. A

    Simple System for Beginners

    November results attached
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    Simple System for Beginners Monthly Results

    FWIW I used the same parameters on the S&P pit contract in 1989. There is no magic number of which I am aware. Varying breakout parameters yield a spectrum of results. A percentage of ATR or previous daily range also "works". Waiting for a consolidation or narrowing of the daily ranges as a...
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    Simple System for Beginners Monthly Results

    Deducting $5.00 commission per trade and no slippage.
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    Simple System for Beginners Monthly Results

    Hey guys, PLEASE post questions and comments in the main thread otherwise this thread becomes very long and anyone wanting to track the monthly results gets bogged down reading alot of questions and answers. Thanks.
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    Simple System for Beginners

    Why a system may continue to work after everyone knows about it After 3 or 4 consecutive losing trades, 90% of the traders using it will have decided that the system no longer works, or they don't like a system which may have losses and will quit using it IMHO. This is where a traders' mental...
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    Simple System for Beginners

    Progers82: Please post the rules or code to trade your system here, otherwise I assume you are trolling for clients for your managed accounts program. If that is the case , your posts here are off topic and I suggest you start a new thread.
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    Simple System for Beginners

    Clarification: The system posted by progers is not the simple system. The statistics posted by him relate to his system and not the simple rules as posted on the first page. The 85% drawdown Ramirez quotes is from the progers system. The monthly results posted in the companion thread are...
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    Simple System for Beginners

    Date Entry Exit P/L(less commission) Trade 1 556.50 556.50 5.00- Long 2 558.50 564.20 565.00 Long 3 559.70 559.20 45.00 Short 7 566.80 566.90 5.00 Long 8 563.30 562.00 125.00 Short 9 564.20 566.00 175.00 Long 10 567.70 569.80 205.00 Long 13 573.10 572.50 65.00- Long 14 570.20 571.40...
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    Simple System for Beginners Monthly Results

    Date Entry Exit P/L(less commission) Trade 1 556.50 556.50 5.00- Long 2 558.50 564.20 565.00 Long 3 559.70 559.20 45.00 Short 7...
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    Simple System for Beginners Monthly Results

    This thread is for posting the monthly results of a simple strategy for beginners to use as posted in the thread noted below: http://www.elitetrader.com/vb/showthread.php?s=&threadid=37520 Please post questions, kudos , catcalls and curses in the main thread. Thank you
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    Simple System for Beginners

    Hi dbphoenix, Thanks for the advice on starting a new thread. I wont be posting here very much. I just wanted to clarify for anyone still reading this thread what the signals actually are. This is the system: 1) use the day session opening price 2) wait til 1300CST to place the orders...
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    Simple System for Beginners

    Signals for 9-01-2004 open of day session = 546.60 Long signal = 546.60*1.0033 = 548.40 Stop Short signal = 546.60*.9967 = 544.80 Stop Place the stop orders at 1300 CST
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