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I have been developing strict index futures rule-based trading systems for over ten years, and I find that they achieve better expectation trading at IB that at any other brokerage.

Thanks for explaining, Bob. Trade well!

Bob. Dumb question. Given the accuracy of your strategy and the poor fills from limit orders, why do you not use market orders? My stupidity is that it sounds to me like the lost profits with limit orders should exceed the losses with market order spread and slippage. Thanks.

You got it. And also in the early aftermarket session. And unwind into the composite stocks the next morning.

Thanks. I look forward to your sharing that. Sounds eminently testable, depending on the other rule. I would not be so bold as to compare myself to you as a trader, but I have quite a different mindset. You appear to be looking for the logical. I thrive on the illogical. The absurd. The...

Petty, I am sure that everyone appreciated that explanation. So you are a binary guy who still wants to have analog ways to think. Please accept my profoundest apologies, Traitor, for wanting to learn how to trade from my betters. I did post a chart supporting the directional opinion I...

So is a guide signal like a simple rule, "short if the overnight market gaps down", and the entry signal is something additional that improves the expectation of that simple signal? An important question to me, because I really get hung up on trade entry complexity.

I am impressed! THAT is subtle! Three times a year. I would never think to test something like that over such a (to me) long time span. Although I have zero confidence in statistical confidence levels, trading something which occurs that rarely would be a stretch for me. Are you taking the trade...

You have backtested that "probably?" Never checked that out in the evening session, but I know gaps don't mean shit in RMH.

Jjf, you are too kind. I thank you all for permitting a simpleton NQ trader to run with the big dogs today. I apologize for endlessly repeating myself over the years. But my favorite quote of all time is attributed to Lao-Tzu ("Old Man") in the I Ching: "Those who know, do not speak. Those who...

Thanks. I am always open to learning new trading styles. Five-to-one reward to risk keeps me from having heart failure when I trade. Death (and risk of ruin) must still be optional for you.

Petty, clearly I am missing something. For the long term the picture is bearish, but I would think that the weak lower low on the daily is short term bullish. But what do I know? I don't trade ES. Also, was your 10 point stop a typo? That is a breathtaking stop. Ten point risk for twelve...

Thanks. Midstream is not down as bad as services. So that canary is just lightheaded.

Sorry, annual. Not as ambitious as your 80 ES ticks a week.

Wiz, thanks. I got it. My bias is the all day trade. I can't afford to miss the entry if it is right. And if it was wrong I want the hell out now.

Thanks, Plunger and Hawk. I own some energy, so that is good to know. But what about the midstream ETF AMJ? I like to watch that because I own some LINE.

Please accept my apologies. I did not mean to pry. Some here might have construed an answer as marketing, the suspicious bastards. As to my disabling my PM, I fancy myself to be a trading educator of sorts. Sort of like Socrates was an educator. When he wasn't "corrupting the morals of the...

Mr. Plunger, please edify an old fool. What's OIH and why should we care?

Thanks, Petty, that is really savvy. Only trade one system per client account. Being my own client, that's what I do, too. But like the autodidact has a fool for a pupil, I have a fool for a client. I don't know about the "do I use it?" part, though. IMO if you help one ET trader become...

Thanks for explaining, Wiz. I asked because I only use market orders, but I am a strict system trader. Are you implying that the cumulative lost profit from paying the spread is worse than the lost profit from missing trades you wanted to be in but couldn't because you didn't get filled?