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In for this!

Did you get any bites on any of the other forums where you posted the same exact thing? http://www.fxfisherman.com/forums/forex-metatrader/trading-systems/9755-live-trading-professional-chartist.html http://www.italkcash.com/forum/news-feeds/275202-live-trading-professional-chartist.html

Agreed.

Looks like that hasn't been profitable since 92.

Instead of futures markets, what about using different currencies. Are those uncorrelated enough? And you could use a small lot size so that each position was a small percentage of your account, that way you could have a really big trailing stop without running out of margin.

If you can call tops and bottoms, scaling in will lower your profit. You will want to get the most shares at the best price. If you can't call tops and bottoms: Adding to a winning position with smaller subsequent lots can help you profit in a big trend. Adding to a winning position...

I recall hearing something about some test they did where they randomly entered various uncorrelated markets long with a huge trailing stop, and over time the account balance became very positive. I don't remember if they added to open positions or not. I don't remember the name or any other...

Pretty sure Buffet doesn't use MACD or other indicators.

Or perhaps, the Turtles were just lucky: http://www.automated-trading-system.com/turtles-just-lucky/ If it won't work with a stock that is "mean reverting" (such as the indexes apparently?), why not just fade it, then. Intraday.

I read somewhere else it was tested in "Trader Magazine" (or something like that) intraday and it didn't perform well. So if it doesn't work you could modify it into a fading/averaging down system (with hard stops of course so you don't blow your account). But we might just be getting back...

I just realized something that may be detrimental to day trading this strategy. What if you're still in the trade at the end of the day. Do you hold overnight? That's a big no-no in day trading land.

lol @ the guru ambiguity in this thread.

How is intraday any more "mean reverting" than hourly or daily charts? If I posted 10 charts without labels could you tell me which ones were intraday and which ones were daily? Now I agree with you there. That's why I prefer longer term trading to day trading: less noise and stuff to...

What about anti-turtle intraday :eek: I know. I like to stick with the indexes tho because they're all I've traded for the last few years and I'm comfortable with them. There's too much crazy stuff that can happen with individual stocks, plus I tend to spend hours playing around with stock...

Nah this was just kind of a secondary discussion I wanted to have. SPY gaps didn't close very often i the last 6 months. I never "got" gap trading. I understand how it's supposed to work, but it seems like if the gap doesn't close then you end up on the wrong side of a runaway. But SPY is...

System 1: Enter long on 20 period donchian channel breakout to the upside, short opposite. Exit long when 10 period donchian channel low is crossed. Exit short when 10 period donchian channel high is crossed. System 2: Enter long on 55 period donchian channel breakout to the upside...

it will be awesome when the wind chops back and forth and it's blowing the way you want to go so you put your sail up only to be caught by a huge gust in the opposite direction. "And so it is with trading"

See, I dunno. I've heard it argued that those big tall candles mean the trend is ending because they form when the herd jumps onto the trend, and the herd loses money. Of course, that rule is broken probably as often as it is true.

I thought I remembered reading somewhere about how the Turtles method no long worked because of some change in market structure or something. But I'm sort of familiar with the story, wasn't it a breakout-buying system? And it was entirely mechanical and the people that lost money did so...