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not looking good at all. fact its failed to break support just adds to the evidence of a big nasty head and shoulders pattern.

i havent been on here long enough to know anyone, but in my small time here mark has offered to look at and try and fix a system i was working on. never said anything about his website or products either :confused:

all systems ive worked on (thats not many though) have a trough indicator (e.g. MA has fallen in the last 10 days), so signals come when a good trending stock is having some weakness. something that i have been thinking about lately is designing a system that buys- shares in up trend (trend...

yep, warren buffet. get his work book, its great.

both have characteristics that can make it hard to trade. trend following - could have a very long period where no profits are made, which is often a slight drawdown as well. you must be very disciplined and mentally tough i think. even turtle traders recognise that their accounts may be flat...

daxscalper - construct a plan, you wont regret it and inovest - why are you buying? are you just playing the guessing game... i lost lots of money doing that until i finally came to my senses and got learning about mechanical trading. now i realise how stupid i was. im not saying...

thanks howard, you would not believe this, your book has arrived in my letter box today! yes it was ALL in sample data. i have only just got my own backtesting software so i can now do in and out of sample. looking forward to reading your book. cheers.

only six parameters though??? the rest are stops and what market im trading. my new system has more. but most are just the same indicator using a longer time frame and shorter time frame. so i buy medium term trending shares that are going up short term as well. i had a loose set of...

also, the fact your only trading such a small account may be a set back for you. trading will be ALOT more emotional and harder with a 200k account rather than a 10k account. that may be in their mind. dont let any of these problems get in your way but.

all i can say is welldone and that there is no rush to get into anything right now. your way ahead of most people when they were your age. i turned 19 this year and have given up on the idea of trading for someone else. for now im working purely to build up my own trading account. which...

thanks nizar, well everyone thinks the same thing so ive obviously got a big problem to fix. i will have to try and limit the amount of indicators i use in my new system, im also not even backtesting until my scans are picking up the stocks i want. this will hopefully prevent curve fitting...

hi gtg, thats a good way of looking at it. ive actually gone back to start a new system (no point in keeping the other one i think) and what ive done is looked at great trending periods and looked at the shares that did exactly what i want them to do. ive now set a loose set of rules so...

thanks hooknsinker, i dont see how i can have a profitable short term system by just those few parameters? the entry points would have no edge. i think i might look at simplifying it though. thanks for the tip. im also trading aussie stocks and dont have U.S. data. do you find it a good...

hi GTG do you say this because of the parameters used? e.g. 3 and 4 day moving average? instead of blocks of 5 or 10. could you be a little more specific? and ive got amibroker now so once i get the data i can look at 3D parameter peformance charts, which will be a big help. cheers.

hi jon, back testing software is only one side of it. you need the data as well. do a google search, you may find something. good luck.

some great advice there. so really, my equity curve is fine... IF i have a trend filter (e.g. only trade system when the entire market is trading above its 100MA??) and then develop a mean reversion system to trade when the markets more volatile and even going down? system is as...

im going to post up the whole system tomorrow (late night in australia right now) maybe theres something im doing wrong that people could point out. cheers again everyone.

man, i know, i would love for him to go over my system. i dont however want to waste his time as ive decided to start from scratch on my system. if mark is willing to do it for some fun and for me to learn then id appreciate that heaps. but ive heard theres alot of professionals on this...

thanks for the suggestion malaka. i have read a 50 page thread from him. was very interesting. i never thought to look at other posts he has done but. i think my biggest disadvantage was that i didnt have back testing software until 2 days ago so i couldnt alter my system as much as i...

i wish i could...