Search results

about 11:00 am I am convinced 859 is the number to key off based on volume (not the spike however) I fool and fool around with it trying every combination until 863 is trading and I can finally make that 50% and the 859 comes out at 0 I'll spare you the details but I'm afraid my 863 limit...

see? Now if you were using one of my specially designed system computers, it would start flashing you msgs like, "Are you sure?" and "I don't think I can go on this way" And then you would be saying, "Now listen here you stupid pile of chips! I'm the one that thought this system up and I'll...

I hear ya, Now I am probably one of the most unsuccessful channel traders still surviving, but when you figure all the time I've spent studying them, I probably only lose about minimum wage per hour. But no doubt about it, there are certain days when certain lines are crossed without even a...

Ok ditch, let me format the topic in a way that even you can understand. Dear fellow members, Do you sometimes find it hard to discipline yourself to adhere to a system? I think it would be interesting to discuss this topic. marketnoize, What are your thoughts? (and I already had...

I work for myself with no one to fall back on. Especially after a good week, I have this nagging thought. "You're only as good as your last trade." That's where I think the lure of mechanical trading comes in. Maybe it is just an attempt to fulfill some craving for immortality. But now...

I think the reason beginners like myself like straight money management systems is because that's all we can conceive of programming into a computer. So setups get ignored. I'm doing well just to figure out how to set up an aol account, so how do I tell a computer, "If you see it bumping up...

I'm going to design a computer especially for trend system traders. It will be programmed so that after a few whipsaws, it will start sputterng and spitting out garbled data. Then all the traders will stand around and say,"It's ok Nellie. We've paper traded this system a thousand times...

I'll tell you what I do when I am trying to trade system and I have an unrealized profit. I say, "System or no system, this market is turning and I'll be danged if I am gonna sit around and wait for the system to figure it out." What I need on my computer is one of those dollar bill feeders...

Plenty! That is why even if you can get this to backtest at 75% return, it will be more like 25% because you will need to allocate a lot of margin money. You could do away with the secondary whipsaws from step 2 by just assigning a profit target. For instance 20 times the number of whipsaws...

See, the idea is to quit complaining about whipsaws in always in trend systems and to just turn around and incorporate it into the system. Instead of saying, I hope I don't get whipsawed You are now saying, I wonder how many times I will get whipsawed.

*More inventors notes. I've traded step one of this system using mkt orders and was able to keep the average loss at under 1.5. So after you test, add 1 tick per trade for a total of 1.5 per whipsaw (That is standard procedure but it is fun to write stuff like I am a scientist.) possible...

for es example 1. use a 1 point stop and reverse but do not trail. 2. When market finally moves away from your stop, then trail a very very wide stop. 3. When wide stop is triggered go back to step 1. *Inventors notes: This is an original system I just stole. Optimiztion and curve...

The aphie exit then you get basically a trailing stop and reverse system. The only difference is you might have one value to trail the line, and then once the line is triggered another very tight value for the ensuing battle. And then there is the DMZ method, where you stay neutral in a...

and then we could go with out of the box exits, like, just take profits whenever you need them. or, Once you get this trade up and running, just refer to John Bogles books on buy and hold investing.

runningbear, If you double your money and then exit, what then? If you think about this awhile, you start to see how all the different components of a system are the result of another part of the system. For instance, this system as it stands has no setup. Without a setup, why do you need...

Andy, The only way I can find to enter a stop limit is to set it as the default. But that screws up my close position hotkey because I think it uses whatever order is in the default and I like to keep close position as mkt because sometimes I forget if I'm long or short. Are you entering stop...

oh yeah, one nice thing, when you enter as a buy with trailing stop, you only have to hit the transmit one time and both are entered, and the stop can easily be cancelled or modified while the trade is on.

I've used IB's trailing stops on es. Once you enter the stop, it trails, but it doesn't show you where the stop is. So it is difficult to judge exactly how flawlessly it is working. profitably? Those doggone trailing stops. I trade because I want to be able to control my income. Once I enter...

thanks big j, maybe that's why the only thing that ever works for me is something different. I'm about ready to start system rotational trading. That's where you divide all systems into 5 sectors. You trade the worst performing system until it becomes the best performing system and then you...

Well they said it couldn't be done for a reason. I checked all my trades and every single profitable trade I reversed made the next trade a loser. But every losing trade I reversed ended up either a scratch or a winner. Now this gives me concern, because what it has degenerated into is a...