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This looks like a nice system. 70% hit rate seems about right because markets only trend 30% of the time. This system profits off fading trends and choppy markets. When the market has a solid trend day.. which is pretty rare... this system will always lose. The reason why this system...

Good thing u had a physical stop in there. When I swing I always have a physical stop to avoid situations similar to LEXR. --MIKE

How did you handle LEXR?

What do u do for a living?

I disagree especially regarding nasdaq stocks. Stocks are moved by people and money... they are not individuals. What works today might not work tomorrow. --MIKE

I was referring to the your exit for profits?

DT1.. Just curious as to what your exit strategy is? --MIKE

Palward, Good posts thanks for the info. How do you enter the trade... with a buy/sell stop? How long do you wait for the stock to break its 30min hi/lo. Do you only take trades if the 30min bar is broken immediately by the next bar.. or is it OK to wait a few more bars? What do you...

My thoughts exactly.

He is full of crap.. ever since I read his first post on ET claiming that beginners can easily trade his method and make $100k. Something doesnt add up here based on his posts... The guy is supposed to have made $1.7 million in one lousy day.... he is 70+ years old.. and he posts for hours on...

Not if you are swing/position trading.

Maybe you are just trading the way you are supposed to trade. Instead of saying you made a mistake... maybe you should just accept the losses as a loss. Giving back 80% of profits is not a mistake.. its just an unfortunate outcome of your trading. There are basically 2 types of...

sad & stupid

The exit is where the profit or loss is taken.

Can you scan the market or a group of like 100 stocks in realtime with Amibroker?

They will probably delete this thread too. For some reason this guy seems to get privelages as if he is a paying ET sponsor. --MIKE

They are supposed to come out with an Esignal feed version very soon.. Who knows?

DBPhoenix, Brilliant. --MIKE

No one can help.. because Jack himself is bogus. I read his first post.. then I knew who I am dealing with. You are probably no better off using numerology, astrology, tea leaves etc. This whole thread is a pure waste of time. If anyone can actually make sense out of how to trade based on...

What exactly does IB's peg market order? Is it only available with instinet? Why is it better/worse than a regular market order? Can someone explain? -MIKE