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Because this has been such a good market for trading index futures contracts, I'm sizing up and becoming a bit more aggressive. But even with tight stops and no overnights, I'm becoming concerned about exposure to a 9/11 type event, should it occur when I am in long positions. Does anyone...

Good point.:confused:

Amen to that! Many tax benefits to being an independent trader.

If you have a system that does not work well with stops, then you don't have a system. What you have is an entry signal that will eventually ruin you. Knowing when and how to exit a trade is as important, if not more so, then knowing how to enter. Your testing may tell you that there is...

Recently went long-term long on a few blue chips and ETFs. Ford, GE, Duke Energy, Citigroup, Financials, Real Estate, Russell 2000. The challenge now is to keep my hands off them for 3 years!

1. I backtest/trade with Investor RT 2. Stop was ENTRY*.9935. Each index may need a different amount of slack, depending on system, time of day, etc. Trailing stops suck. Set hard stops and profit targets (can be time, percentage or points), and let them ride. I do one trade per...

Nice clock! And I've noticed how much IronFist appreciates the help. Typical.

IronFirst, you started this thread in a good direction. Which was, how to improve a SIMPLE system. Now you're making the very typical newbie mistake of listening to a lot of crap that is pushing you into the weeds with detail you don't need. I'll give you one example. Your system is to...

Yes. But you can find your own if you understand that short term trends are best entered mid morning and later afternoon. Backtest this with hard stops and profit targets and you'll eventually get it. Trying to play the trend game between 1100 and 1500 is wasting your time and money...

Okay, with your programming genius, which of the following...from your list...can you NOT program? 1. A 10 point range if recent activity was averaging 25 points might be little, while a 4.5 point range would be to a 12 point range. (What's the problem?) 2. And how many bars do you go...

What's the problem? Everything you just listed can be tested, systemitized and ranked in terms of probabilities. Add in a variety of exit strategies, and you're into maybe two days work at most. So when faced with a split second decision in real time, you'll have the probabilties right in...

Systems that trade equities for any period beyond scalping are highly dependent on the market environment. So a close look at system performance in relation to the broader market will usually reveal what to look for in the future. A 'failure' in a system that's been successful...

Your listing of criteria for this morning is not at all nebulous, and very easy to systematize. (1) Market was hanging around 1400, and (2) Little movement since yesterday. What is nebulous about that? In my case, seeing the same, my system said "stay on the sidelines", as going short...

InvestorRt at www.linnsoft.com Backtest portfolios. Not compartible with TS, as it is a stand alone product that competes with TS. (Not that TS even comes close in backtesting portfolios.)

Sorry to say, but you're on the wrong side of that trade.

The OP obviously hasn't been in the saddle very long. If he had, he'd know that discretion is the number one reason why over 95% of traders fail. The average person entering the trading arena is very poorly equipped to make discretionary judgements about anything.

To be even MORE precise, it would take 6,932 PROFITABLE trades with no unforeseen events or gaps. Good luck with that.:)

Glancing through this thread provides clear confirmation of why woman generally think of men as classless assholes. LOL, the OP can't get a date in Australia, and condemns an entire continent of females for his failings. (Right-o mate. The problem is not you. It's the country!)...

Investor/RT. www.linnsoft.com Create a custom instrument with any indicator or combination of indicators, and put it into a chart. Also interfaces with NinjaTrader and AutoTrader for auto entry or semi-auto entry with chart buttons. (Your custom instrument in this case would simply be...

Well said. I don't use volume at all.