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Nice, post someones private email address on a public website so they are guaranteed to get on umpteen spam lists from web crawlers. Great going slick.

Its telling that folks that actually have done systematic backtesting have one position regarding stops while it seems those in the other camp advoacting stops do not seem to have any real experience in this area. Its definitely not intuitite - I must admit I was surprised the first time I...

Its quite possible to take a system that consistently unprofitable, reverse the buy/sell signals and end up with a system that is consistently unprofitable.

I guess we are talking about two different things - your proof seems to refer to max (unrealized) drawdown of a trade while the quote that I cited and refuted is referring to the realized loss or profit of a trade: Since that statement said "loss" not "drawdown" I stand by my assertion that it...

My post which you quoted was in response to this statement from walterjennings (which I quoted): [B] That is a false statement and I provided a simple hypothetical example of why it is a false statement. Nothing more. I'm not sure why you are taking my post and example out of context to...

Thousands and thousands? Trading one ER2 contract? The daily range on ER2 was not that much (nothing like YM) and it did have that morning downtrend and a fake reversal in the afternoon - given that I don't see how its reasonable to expect the bot to have been long the whole day. Just...

Why do you say that? Say you have a trade that goes against you for a loss of $1000 before it turns around and ends up positive +$300. If you implement a stop of less then $1000 then you take the loss rather then ending up with a gain. It is quite easy to end up with a (greater) loss on...

Frosty, any chance you would be willing to post the specific entries/exits for today's trades? I know it will only invite a rash of useless comments from the peanut gallery but I think at this point you really don't have anything to lose.

Great post stonedinvestor...

Why is this in the Psychology forum?

As a programming problem, chess is completely different from trading. Chess has a fixed playing field, fixed inputs and a fixed set of rules. With enough processing power a computer can just apply brute force to look-ahead at every possible move it could make and counter-move its opponent...

So far doing the opposite of what you suggest seems to be the most profitable path. But then again, you are only asking on $10,000 for mentoring so we probably shouldn't expect that much from you.

http://en.wikipedia.org/wiki/Ellipsis

Just let me know where to send my $10,000 check.

Have you seen a computer drive a car on a regular street? Ever wonder why not? I just read recently they are working on computer that will simulate a mouse brain. After they get that working they will start work on simulating a rat's brain which is seven times more complex. Want to...

(1) This is not directed at anyone in particular but it sounds like some people are commenting in this thread who have no experience with developing an automated trading system. Its easy to say, "Why not just following the trend and when the trend changes reverse with it". Try coding...

Impressive! Where do I sign up?

I said I would be surprised if he had not done that testing; that is not an assumption. An example of an assumption is the unqualified statement that implementing a daily $500 stop loss would have saved him $xxxx in losses. You just repeated that statement in your last post and again I...

That's a faulty assumption without knowing the details of the individual trades (rather then just the daily totals) What if one of the days that ended up net positive actually started with the first trade being a $500 loss...simply stopping at -$500 would have turned that winning day into a...

I'd don't believe that is possible. Hypothetical Situation: Bid/Ask = 100.00/101.00 with volume of 50 each You place an order to buy @ bid (100), bid volume changes to 51 Without any trades going off you see the bid volume go up to 80, down to 40 then back to 50. What is your place...