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That is a strange thing to say. How do you control your risk? What rule do you use to get out of a losing position? Without predefining your stops in some way, the signals you highlighted lose a great deal of value. It's one thing to post retrospective charts, it's another thing to actually...

Jimmy Jam, Would be interested to hear your answer to the post above. Via: http://www.elitetrader.com/vb/showthread.php?s=&threadid=76297&perpage=6&pagenumber=341 Cheers, es175

Sounds interesting romik. Any chance of a chart to illustrate the trade (and risk taken) you're talking about? Cheers, es175

Interesting post. I've got an 89 period SMA on my chart for trend reference. Going to look into using it as a filter for SPM signals, rather than just for S/R purposes - i.e. if the price is above the EMA, take only long signals, and vice versa. A filter like that would have been good...

Is that a standard Sander MetaStock MACD recipe or a Colonel Custard special??? Either way, I'll have a play around and see if I can match your plots.

Strange... I've got MACD set up on 2 min charts with 12SMA, 26SMA and a 9EMA average. The plots on our two charts look like different animals though. Agree? Probably begining to sound like a pest but it would be interesting to know where you traded today. Just trying to compare notes...

Cheers! Looks like we're using quite different settings for the MACD. Your X marks look a lot better than mine. Not sure whether they represent an entry, an entry then exit, or Stop And Reverse trades though. In any case, thanks for posting the chart.

T28, thanks for the feedback. Too bad the trades I posted worked out at break even minus comms. You mentioned before that you apply a bit of discretion to the system. When would you typically skip a signal? If there's a slow moment in Aus, it would be great to see a chart with your trades...

Hi there, Sim trading the SPM 'Classic' system today. Have attached my efforts so far.... T28, how does this compare to your trades? Any comments? Avoiding entry after wide range bars might be a good idea - or? Any help much appreciated. Cheers, es175

Think I will wait for the bugs to be fixed in MK II. Maybe they'll roll out a better camera as well - this one is only 2 megs. Of course I would love to put some Skype software on it to take advantage of wireless networks but I am not sure that mobile network operators would like that much...

Over harsh to a new poster. How tall are you steve46? http://www.urbandictionary.com/define.php?term=Short+Man's+Syndrome

Out of interest, which books are you keeping? es175

Good example of a stop and a reverse strategy at work here: http://kreslik.com/forums/viewtopic.php?t=270

Thanks for the replies guys. Appreciated. es175

Bump. Anyone able to explain how this system closes out a trade for a loss?

Thanks for the post Austin. I'm still not clear on how the code as posted by piggie closes out a trade for a loss. Could you explain it for a non TradeStation user? Cheers, es175

Many thanks for the reply on this.

Hi there, Please forgive my ignorance of TradeStation. Maybe someone could answer a couple of points I'm not clear on. 1. The orignal post that accompanied this strategy specifies that 5 minute bars are to be used...

A quick diversion. Weekly Bund chart with the MACD below. http://www.futuresource.com/charts/charts.jsp?s=DGB&o=&a=W&z=800x550&d=LOW&b=bar&st=MACD%2812%2C26%2C9%29%3B Looks like the market is just about to cross the zero line, having made a double bottom. Will be interesting to map on the...

trader28, you mention the 3SMA with 2 horizontal shifts - the SMA is clear but what are the horizontal shifts you refer to? secondly, have you ever tried using the core of this method on longer time frames? would be interesting to see how it performs when the 2min chart is set to 60min...