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Snarly, thinking in terms of 'R' values is very simple. I risk 12 points on each of 3 trades, therefore 12 points = R. Trade 1 makes 24 points profit, = +2R Trade 2 loses 12 points (stop level) = -1R Trade 3 makes 6 points = +0.5R Net result is +1.5R Same whether R = $50 or...

"12,645 (short) 12,625 (liquidate) 20 points, = $100.00" Snarly, what was the R value of the trade ? I mean profit / risk. If you risked 20 points to make 20, R = +1. Useful to monitor R IMO. 3 R profit per day is good going.

One more thing, many traders employ a daily loss limit, in points,$ or whatever. If you use such a limit, you know in advance that you cannot lose more than this amount (+ poss slippage) for the day. Something worth considering. Apply it to your trade history and see how it affects the P&L.

Beeflover, sorry to hear that you are experiencing a drawdown. Look upon your experiences as further education. Couple of observations here: 1. There was a question about avoiding price spikes. The trader has to understand that a price spike represents large numbers of market participants...

Snarly, talking of charts, QuoteTracker is free if you use a data feed like IB. Only recently started using Quotetacker, but it's pretty good IMO. It has most of the popular indicators. www.quotetracker.com

OK Snarly, just kidding, although we do like to complicate things sometimes. By the way, I'm on the sunny Cote d'Azur, not England. Bonne chance !

Eh ? When the the stochastic creep into the SPM ?

Have looked at the 3 bar SMA, but to me it would whip me out of a trade far too frequently to be of any practical use. All depends on ones trading style I suppose. But slippage & commissions eat into any profits made with such short term trading systems IMHO.

Thanks Bearbelly, I guess I'm a bit slow ce soir. Can you tell me how it's actually calculated ? Mo

I use Quotetracker but I'm not aware of the facility to offset SMAs.

"3SMA+2 has been kicking ass all morning" T28, can you explain the +2 bit ? Mo

A great thread, with lots of information on trading using MAs and MACDs. Don't ruin it with abusive comments.

Ah spread. OK. Margin for the Dax is over four times that of the FTSE.

"Yes, I trade SB's with margin of 2 for both FTSE & Dax. ER is 0.3. It hurts sometimes." Not sure I understand margin of 2. You mean 2% ?

Thanks D. Margin on the Dax is a wee bit heavy for me.

Dunedin, OK I see the move on the Dax ftrs now, the move above the 8 SMA around 6695 when the MACD was < 0, thats the one eh ?

Dunedin, Thanks for the reply. I assume you are watching the futures charts, not the cash ? I don't trade the Dax, maybe I should. Tend to watch the eurostoxx 50 though. I don't take the MACD signals in isolation, as they are lagging and it becomes difficult to identify a sensible...

"Although I have been using it on the ER I am in the UK and have found it works well on the FTSE & Dax. No doubt it will work on many other markets as well. " I trade the FTSE ftrs. What timescale charts are you using ? I watch 3, 5 and 15 min charts. One problem i have found is the...

Exits are taken in stages, employing a fixed stop then progressive factor of initial risk (ie R multiple). as I say, I'm just looking at the data at the moment, was hoping someone had done some work of such systems.

Been looking at price history on indices (specifically the FTSE 100 index), looking at a 1,2,3 day breakout strategy. The idea is simple - buy or sell a break of the 3 day high/low of the index by a set % (I'm playing with 0.05% at the moment). The total number of entries is pretty low...