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Yes, transaction costs and slippage (unless opening limits are used) are constants that drag down the performance of any system, even when you invert it. The lower the frequency of trading, the less they affect it. BTW, I was totally serious about inverting this system (it does use fixed...

Well, I designed a mechanical ES system that's been running in paper-trade mode for the last couple of weeks. This thing is a DOOZY!. This week particularly, it's lost thousands per contract. When this thing loses money, it does it with a style and flair quite unmatched in the trading world...

Hi, This site DESPERATELY needs a way to go to any page within a thread, not just from p-10 to p+3 or last page (p being current position). This is usually done by having a drop down list. Otherwise, if I want to go to page 50 of a 100 page thread, it is an ENORMOUS pain in the butt...

Extrapolating current trends is tempting and easy, but often wrong.

Trillion is the new billion.

Both the last posters are right. I've lived in the Detroit 'burbs, and they are one of the worst places I've ever lived. They exemplify everything that's wrong with America's cities. However, on the other side of the state, the Lake Michigan shoreline has some just breathtakingly beautiful...

Now come on, just because parts of it are subject to rampant homosexuality, don't tar us all with the same (brightly colored, scrupulously clean) brush!

It's been crap all week. I put this down to pre-Fed syndrome.

As far as backtesting goes, the longer the time period you test over, the more reliably your system will work. So, obviously, continuous contract is going to provide a longer time period than a single contract. I would recommend testing on at least two years of data, to cover many different...

http://www.cme.com

October 10th? You gotta be kidding. I proved my system with 2.5 years of tick-level data, then 6 months of forward (i.e. real-time) testing.

Extrapolating current trends is always the easiest thing to do, but it isn't always right. If fact, it's seldom right, because the market is manipulated to fool the most people most of the time.

So, you took the seminar then :) Yeah, you lost money, but gained knowledge. Welcome to the (unfortunately painful) learning process. If you can combine enough knowledge with that emotional strength you mentioned, you will make it (may take a couple more busts first though).

Give up the notion that the market is rational. Develop a system based on what actually happens, not what is supposed to happen, and stick to it ruthlessly.

I personally dislike the NQ (too fast-moving and random), but it's your call. I cannot say I've started out with 5k and never looked back. I've started out with 5k and blown up 3x over now, and am only now really starting to hit it big (in e-minis). If you have sufficient reserves...

She's no longer my girlfriend, thank you very much. She's now my WIFE.

Yes, in a word. About $3.5k to trade ES and YM again. Too bad for IB I already defected to a low daytrade margin broker. (I take back anything negative I said about NinjaTrader in the past!).

I've never managed to hold long enough to hear the worlds "Good (morning/afternoon), thank you for calling Comcast ..." :cool:

There was one glimmer of hope in the whole debacle that is this show: one of them had a copy of "Fooled by Randomness" on their desk. At least one of them is likely to "get it" and become a master trader. The fight promoter guy seemed to have a pretty bright head on his shoulders for having...

Doesn't your voice get tired?