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This is a joke. Gallon of gas here costs: $6.90 Average yearly salary: $12'000

The chart you posted seems to show that your indicator is lagging. For example it signaled long entry at around September 2007, and long exit at around November, close to the entry price. Like moving average crossover system, looks nice on the chart, but actual entries and exits are much worse...

Price may not lag, but think of your definition of "choppy period" as just another indicator. Why? It lags as any other useless indicator, you will only see choppy periods after the fact. I also doubt it's "safe" to trade in either direction during the choppy periods, because the choppy...

Isn't this what trend strategies do?

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I can see three possible problems with this approach: 1) Overoptimization problem: you optimized SL and TP over some fixed period. Did you test the best found SL and TP combination in out of sample data set? What were the results? 2) Relying on fixed values. This is invalid approach...

What about Hitler? :D

Yes, I have developed a way to classify price movements. A volatility-neutral way to analyze price behavior, if you wish. But, since the most people here are cynics and poets, I won't disclose it. Let's say I'm tired of people being unobjective. :D

Nice (but useless) poetry. I'll get back at you in a week or two. Got some ideas to test out.

Please, this is already ridiculously overdone in countless threads. I am not interested in this. Stay on the topic or don't post. I thought someone would be interested in the subject, but seems that 99% of the people find more interest in flame wars. I know there are a few people that really...

I'm Eastern European. You have some great misconceptions there. Life is not that bad here. Sure, some stuff (e.g. new cars) is expensive compared to our salaries but everything else is affordable, and we're not living in shit huts like you probably imagine :D Nobody emigrates if they have good...

I can live with $12k a year with no problems. That would be more than 80 years with $1 million. The site does not reflect the truth. Wealth is your buying power, not how many dollars (or any other currency) you rake in.

Also, I wish to add this: When targeting common behaviors and finding non-random components to exploit them the models do gain edges but lose frequency. For example, in the market I currently analyze at 1 day holding timeframe I found out that the most common and consistent behaviors were...

Has anyone successfully implemented this? What does it really mean to trade "100% strategic and 0% tactical"? After spending hundreds or even thousands of hours developing edge-based models I finally got tired of this and started pondering what the hell is strategic trading and where is the...

You already answered your own question. Your actual risk is not 2% per trade, but much bigger than that, if you hold them when the markets are closed. 2% risk would be the case if you held your positions only when markets are open. Your risk model is based on wrong presumptions.

Good one! I don't see any difference between this and 99.99% of the stuff about trading that is there on the internet, seminars, books and videos. All the same untested random crap that's taken for granted.

Thanks very much!

I don't think it is physically possible to capture 3xATR in a single day. Why? I'll try to prove with a simple observation. There is usually not enough price action in a day for you to be able to capture 3xATR even if you somehow managed to be 100% right. How? I took intraday price data...

I don't know if they got deleted, but if you go, for example, to this thread http://www.elitetrader.com/vb/showthread.php?s=&threadid=33654 you will see that attachments are missing, thus rendering the best thread in the whole ET useless. There is some info that could be understood without...