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Good luck, Sick! I'm rootin' for ya. I have been up and down (mostly down!) in this game for years, and would like to see someone prove the naysayers wrong here @ ET whilst helping those of us that have struggled to become profitable. Regards, YM

Electric, Yes, it's a deal. I understand that all of you have taken time out of your busy lives to try and assist me in my development as a trader, and I am thankful for everyone's feedback. I will read over this thread many times, as I already have, and will go to work on trying to...

I have homework for the upcoming w/e! :) Thanks everyone for your comments and suggestions, they are ALL appreciated. -c

Jimmy, Interseting options you've laid out. Yes, TS is good for something, backtesting. I will play around with it and see what I can come up with.

Electric, I have been reading that post...interesting take...thx for the link.

Which is why I haven't really changed it much at all over the last 4 years. I think it's good, too. I do think, sometimes, that I could create a higher w/l ratio, but when ever I try something, my win % decreases, as you'd expect...and the overall system degrades. I will play around with...

Why the sigh, Electric?

Jimmy-Jam, Thank you for your suggestions. I have thought about what you mention, but have not coded it in TS yet. I will look into coding and backtesting this more seriously, I have always thought that if I could let me winners run a bit more, that I could improve this thing. My system...

Based on my backtesting and forward testing results...I didn't take every trade that is shown in those results...(much to my detriment).

Hi Murray, Good point...the main reason I don't take every trade is that I fear the large loss. Because of this, I 'cherry pick' my system trades, forcing my own emotions on the probabilities of the next trade, usually resulting in my sitting on the sideline while my system trade turns into...

Thank you Michael B.

Hi Guys, My how this thread has gone the last few hours. :) I appreciate everyone's input, I heard some good and differring opinions, which is what I was hoping to get. I am just a trader trying to better the system that I have come up with and try to earn some extra $$. I will...

I like Electric's idea to rank my winners and especially my losers and try to identify the largest offenders and attack them. I have thought about setting up a trade ranking to identify the highest probability trades and to filter out the lower prob. trades. Working full time with a family...

Electric, That's kinda my conclusion also. I'm a probability guy, got my BSEE & an MBA...always been involved w/ #'s. I believe that if, over time, backwards and forward testing show a system to have a postive expectancy based on probabilities and statistics, then that's what you go...

Thx, Electric.... I have this site bookmarked, and use it every now and then as a sanity checker.

Thx Tonkadad.... I have, of course, heard of all these books before. But I have never read any of them. I never read any of the trading books b/c I wanted to devlop my system my own way, but now that I have done that, I see the value in investing time reading some of the psychological...

Hi Guys, Good thought provoking comments by all, thank you. Trader666, I have been having trouble creating a MCS excel spreadsheet that would help me to strengthen my MM techniques. I have run Monte Carlo sims in the past, w/ excel, that varies the win% over a certain range so that I can...

Indahook, Thank you for your support. Electric, Again, thank you for your kind words, I hope your prediction turns out true! :) I have always felt that when asking for help/advice, the humble approach was the right approach. Good trading to all.

Electric, Thank you for your encouragement. I know this is something that a lot of us struggle with. People think that the hard part of trading is coming up w/ a positive expectancy system, and that is true up to a point, but I have found it much harder to be a disciplined trader and...

Hi Guys, MCS? My average loss is probably my biggest hurdle to get over. I know this system has a positive expectancy over time, but sometimes it's hard to trust it.