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Doesn't it make a lot more sense to allocate more money in a system that is currently in a drawdown, based on the assumption that it will come out of that drawdown?

Get an XBox 360.

With a 29% modeling quality, that backtest is useless. MT's backtester is not very reliable and doesn't look inside the bar. The highest you can get is 90% with 1 min data. I wouldn't trust the results.

The answer is time travel! http://www.timetravelinstitute.com/

forex-forex, Check your PM box.

21 years old Glenview, IL trading forex for 3 years

I was thinking the same thing. It has to be linear regression. I have an indicator that does something similar in a different charting program, but I may need to reprogram it. As you said, his method seems very logical, but there are a few things that I don't understand. Take this chart...

I meant the blue line in the middle, not the dotted line.

Anyone know what type of moving average this is? http://www.elitetrader.com/vb/attachment.php?s=&postid=862286

Of what indicator?

I'm interested as well. I remember reading some of the PDFs about Drummond from the Ted Tick site a while ago. I'm 21. Been trading for a few years unsuccessfully, and I'd like to learn this method. Are there any courses or seminars in or around the Chicago area?

Save your money. I've found the JMA to be no better than the T3 MA, which kind can be found online for free.

Sounds like somebody lost their ass. :D No surprise really. Expect it to drop even further. Euro attempted several times to break support and failed, and now the last swing high was taken out at about 1.1760. I think we'll see at least 1.19 next week.

They are less reliable if coming off a major support/resistance level. I still take the trade though. I don't care. The problem with trading pullbacks to a moving average is that the retracement may be deeper than you'd think it should be, or sometimes it won't even touch the moving average...

Sure, I can miss out on a lot of retracements. I'm trading forex though. Mostly eur/usd, and the stoch seems to oscillate to the extremes much more often than it does on the YM.

The stochs just have to be below 30 if I'm looking for longs and above 70 if I'm looking for shorts. I'm then looking for a doji or a hammer and enter on the close of that candle.

I just enter on pullbacks in the direction of a trend. I define trend using a simple oscillator that's based off of the slope of a moving average. I then use Stochs (5,3,3) to look for pullbacks. When the stochs are below 30, I'm looking for longs. When they're above 70, I'm looking for...

It shows a spike, but I don't believe Oanda took out any stops. Mine wasn't hit. If yours was, contact them and they'll fix the problem.

Something like that. http://trader.online.pl/MSZ/e-w-Double_Stochastic-10_Period_II.gif

Pullbacks. I hate breakouts. I usually always end up buying the top or selling the bottom when I trade breakouts.