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Yes good post Makosgu. Sorry nwb one more qu to Mako - what do you use for automation? Wealth lab and IB?

Ok Makosgu - I will see if I can do it on daily data, but doubt it based on my experience. Im sure you know what an R-ratio is - if you take a 1 tick loss on average but 10 tick gains your reward to risk ratio is 10. Problem is you may lose 10 trades for every winner if you if have only a 1...

Makosgu, thanks for your reply. I dont trade based on a backtested strategy - though I do use backtesting to find out what things work and what dont - then I use myself and a checklist with bar by bar monitoring as the 'system'. ... ...Though, re: backtesting, tight stops usually kills...

Makosgu - good post. However, I think that only works on a fast fractal? I tested on Wealth-Lab reversing after every bar against you, using daily data. The whipsaws kill you. You go long, it closes against you while you are at work, you reverse for the next day - it closes against you...

Rogers is a very nice guy, and a real success. I have talked to him and read his books - wish I had his life! Beware of jealous reviewers on Amazon!

Yes, but that 'objective fact' is lagging reality.

Jack, great post, again. Im getting there much more rapidly than before. Still have a ways to go but am doing 50% wins at about 2:1 currently, so much better. Your posts help. Thanks.

Yes! Thats vital. You have to define and limit your risk. Once I have moved it to breakeven (discretionary) then I dont protect my profits for the reasons mentioned in my earlier post (giving up responsibility, not watching the market for manual exit signals mainly).

Niha, thanks for adding your experience re: a no trailing stop principle.

I used to try to trade with a bunch of indicators. I tested on Wealthlab for more hours than I can count. I now use price and volume only, other than a stochastic for confirmation. The other thing is I used to be an 'expert' on trailing stops. I found though that the whole concept meant I...

Aren't you managing people's money? Very disturbing if you dont know basic math and have to pass it along:(

Why are people getting so angry? Look at yourselves.

Thanks Makosgu for your charts. Do you trade off Heikin -Ashi? A bit generalised is it not?

Jack That post on page 52 is worth thousands if read carefully. You are a generous spirit.

Nicholaf You dont know what you are talking about and it shows in the immaturity of your posts. Working on a cr derivs desk is about the best money for hours job on Wall Street - everyone wants to do those jobs. Try M&A - it is a very hard job and all the people I used to work with agreed...

Jack That is one of the best posts ever - thank you. You are becoming very lucid in your teaching. Jrkob Was using RAND() in Excel. THanks for the link. On a few thousand simulations the average end point of the random number chain (20 bars) was zero, so I expect it is working. The...

Wow - the fastest growing thread ever on ET (except perhaps the marriage one). Jane - there doesnt have to be a structure for a positive expectation. I have developed two systems on completely random numbers that have significant profits (with 99.9% t-test significance over thousands of...

Grob You add a lot of value, but it's difficult when you use lingo noone else uses. Pin-wheels? No idea what that means.

WELCOME BACK JACK! Thought you had passed on. You are a legend. Thanks for all your posts (particularly the succinct ones:))

Outstanding results in the recent journal you posted Spyder. Well done. One qu: It seems four out of the eighteen profitable trades hit the profit target. Could you please remind me how you chose to exit the others? Is it an intraday decline in volume and/or price, or an EOD signal, or a...