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If they are just black boxes, then it's hard to trust them. But if you know the rules and they are simple enough, then you should not have a problem trusting the system. Drawdowns in mechanical systems is a part of a game. You cannot avoid them and stopping just because of that is sure to...

No, but myTrack would, for an extra $55 a month I guess and you get a bit more than what you can get from IB (TICK and TRIN, for instance). myTrack works with SC.

Good point, precisely why I switched from QT to SC.

You see, who says that trading cannot be fun?:D :D

Don't feel so bad. These so called smart mistakes are easier to avoid than the so called dumb mistakes, it's just a matter of discipline, whereas the dumb mistakes simply cannot be avoided. But, on the other hand, since we are human, we are also bound to make mistakes related to the...

So what else is new? :D I guess, I have made them all, except those involving the PDT rules. If you use entry apps (Auto Trader, Bracket Trader), you will discover a whole new universe of mistakes, partially caused by the apps that do not always perform as expected... They alone cost me some...

Correct in both cases.

I personally don't care how low it is, the problem is that with too low a margin many newbies will get burned and then we may get hit with another streak of regulations because futures are too risky and the public needs to be 'protected' from them. I believe that a reasonable margin for ES...

My thoughts exactly, and then we may end up with yet another PDT rule, this time for futures, because of brokerages like that...

What are their commissions and why do they not mention it on their website?

Good questions, will have to look into that. Yes, losing streaks do happpen, but with reasonable stop-losses you can withstand them. Also, it's good to have more them one system to diversify.

Two indicators? That's already a complex system to me :D . Seriously... breakout systems can be even simpler.

That's always the toughest thing, you will never cease outgessing your system. The solution: take a nap.:D If your systems are simple enough, you can always do it, if not make them simpler. I cannot say I make 20 pts a day, I do have days with 20-30 pts a day, also have days with -12 pts a...

Yes, two of them are in, although at a pretty high price (still I am some 10 pts up with two of them as of the current price of 937.5), as they should anyway because these are breakout systems. The third one did not give any entry, but was biased in the long direction.

To make things work you sometimes need to limit yourself to the circumstances in which they really work. There are no universal methods, some systems that work well for SP500 may not work for other futures. In tight ranges, breakout systems fail most often than not. Same is with timing. The...

Fib Ratios are used for things like that in a simliar way as Fib Ratios are used for price retracements, but not so many people do that, so perhaps that could give you some edge (?). A good book that elaborates on that is 'Dynamic Trader' by Robert Miner. I have it, but never used it for...

The same can be done with the up and down arrows. It's even faster. As far as time frames are concerned, you can have anything from 1 min to any number of minutes.

SierraChart is good, I use it. For the price of $40 per 6 months nothing beats it and it has enough features I need. It has a free trial so you can give it a try without paying anything. It works with IB.

Both are important, you just need to find the right balance, some want bigger ratio of winners to losers others want a bigger ratio of reward to risk. However, you need to treat both of these things together to have a system of positive expectancy which is the only thing that determines whether...

This is a very common pattern in some type of systems. Breakout systems may be an exception here because they aim at big targets and either get there or not. At least I do not see this type of pattern in my systems that are breakout systems, but my statistics are not that extensive, so I may be...