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I'm with this guy. I keep track of how many times I am stopped out too early, or close too soon. If I see a trend then I'll adjust my stops and/or exits.

It's because you know when to trade the system. The computer does not. Another reason is your brain's "bullshit filter" on divergences. When you see one you can think about if it's "real". To a computer they are all real.

Glad you're back.

For the eminis, I will usually close some of a winning position with an equal or higher price peak (for longs) on lower avg volume. Likewise for shorts on a lower price peak on lower avg volume.

A good free one is TSim+ available on the web. I use it to forward test new trading methods. Actually it's shareware, I sent the guy $10. Well worth it. The catch is you need an IB account to use it. Failing that you can go to prophet.net and watch the 15 min delayed streaming...

add a "most ignored" list which counts # times a user is on another's ignore list. Now THAT'S entertainment.

Nothing wrong with investing at this point. I started with $1k and $100/mo. in two different mutual funds. Pick two or three stocks that pay dividends and hang on for a while. Add a small amount of cash each month so your cash builds up. While this is going on you can continue to paper...

Not asking for your trading method. Just wanted to learn about mathematical ways to choose which system to trade. p.s. Unless you have a few billion you can't move the market.

Some very nice ideas I must say I know not much about. But what you described above is called a bad system. Also, by "system" I see we might be talking about very different animals. The "system" I am talking about cannot adapt to jack shit. It is more like an ambush, it sits around and...

Cool! Maybe you could tell us about some "methods used to choose systems". Sounds very very interesting.

the other idea, of multiple systems on one market, is mathematically sound, but what do you do in practice, when one system calls for a long and the other calls for a short?

The system will capture market action that appears which it is designed to capture. We cannot help or make that market action appear, no matter how badly we want it. An we cannot design a system which captures all market action. A system which is b/e or out most of the time is perfect to...

I'd go with this one on multiple markets. This way you only worry about one system, and the markets might take turns printing money for you.

Try this thread

Indeed-- Both are based on the accumulation/distribution line. To make an A/D line you add (subtract) a portion of the bar's up (down) volume to a running total. It is a weigthed version of on-balance volume (OBV), where the bar's whole volume is added or subtracted. (Add for up bar...

Like "Porky" from Martin Schwartz's book shows us, discipline in one area is not necessarily correlated to another. There are also plenty of crappy, undisciplined, but athletic, traders.

How about a top 10 "most ignored" list. It would count up how many different users ignore a given user.

Now it's looking more like an agressive short. Resistance at $39, clear downtrend the the OBV. $37 is a conservative target, with stops just above $39. If I was going to do it, I'd wait for the next run at $39, short the reversal bar. The closer I could get it to $39, the less risk.

How about a quick tape reading lesson? Just something to get us started. I don't even know what exactly to look at, or look for.

Again, until you write down in columns the P/L for each method, and figure out how you doubled your account, you are still operating on feelings. From your posts it is not clear you have objectively evaluated the performance of your several systems. How the heck do you know in one day...