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Either way, thank you guys for the recommendations and advice. They are greatly appreciated. DJP

Man MGJ, and I thought discretionary trading was subjective! ronblack, it has become clear that there are just too many confounding variables to account for when judging these mechanical systems. My next line of thought is how is it that traders develop and optimize their trading systems...

Rabbitone, Thanks for your post. So you define one trend-based system as better than another if it is better able to withstand whipsaws in congestion/consolidation/rollover periods and/or periods with high volatility. In other words, a system is better if it is not triggered by false...

In Chapter 3 of Weissman’s, Mechanical Trading Systems, he gives examples of basic trend following systems based on a diversified portfolio of assets back-tested on 10 years worth of data. For each system, he provides a table of metrics used to judge the system’s success. For brevity, I...

How does the prop firm make money off of this arrangement?