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As Hershey would say, the right trend line defines each. Draw a line to the right of each best fit sequence. This technique is 100 years old. :) *edit* now I see it, the first one is the higher order (longer time frame) chart. The left trend line is your exit. In that case it...

Here's what I see: Chart 1: 4 trends and 1 sideways Chart 2: Shorting oppurtunity Chart 3: Cautious long potential, depending on higher order chart

Lol

Classic momentum analysis is pointing in the opposite direction, as is the broken trendline and dow theory. Who to trust? :D

Lol He's good at hedging his verbiage. He could have a bright future in financial journalism.

trade you way to financial freedom, by van tharp

I notice you accumulate many positions on price weakness, "averaging down" as they say, then dump them all when you're in the green. This would explain your high win rate. I found this out myself trading long options, but didn't have the ballz develop the method further. :D I went through...

Thanks for that. I've got a funny feeling I'm going to settle for 2 simultaneous strategies running from one common program with a money management subroutine based on an historical array of daily buying power divided by leverage, or similar. You would think tradestation should have...

Happy user of Tradestation 9.0, here.

I saw that myself, today. I thought you would short it. :D

I've tested scaling down position size based on consecutive losers and it actually hurt the performance. For some strange reason, my algo likes more leverage with more losers, probably because it just likes leverge. Again, it breaks down at triple the leverage I intend to use, so this may be...

Since I'm an engineer, not a mathematician - I use the back test and try to validate it in live trading. My system breaks down at about 8x. 3x seems to be the limit of my stomach, however, and leaves a good margin of safety. It seems that other trend followers (Eckhardt comes to mind) do it...

So you mean to imply that Mr. H is consistently profitable? :D

I really like this thread and the method presented. The performance report looks great. I have an automated system on the SPY hourly and it's been all over the place this past month. There have been a few minor tails to harvest but the chop has been taking some of it back. I wouldn't...

Try putting that in a prospectus.... :D

Going further......... The market moves in self-preservation. The market always goes where the liquidity is. The market would die if there was no volume. Likewise if there was not a ready bid for every offer and offer for every bid. The market makes a partner with those that...

Assuming a position size of $100, System 1 has an expectancy of 4% and system 2 has an expectancy of 12.5%. However, consecutive losers is also important because drawdowns dictate how much leverage is possible. Also, trade opportunity is a huge variable. If system 1 trades 4x as often as...

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Not that it is anyone's business, but this point is valid. There was a big income behind that bill.