Any pure mechnical traders or system traders?

Don't get hung up on people's assumptions that you are trading off indicators (or arbitrary price points, i.e. pivots) given your ambiguous "x crosses y" trading logic. That's not a big deal.

Get hung up on people wondering what the hell you are doing trading the ES short term with only a years worth of intra-day data to backtest, and your out of sample testing of a month. That (among other reasons) is why some clever people on this thread are wondering why you are trying to trade ES short term instead of working with something easier and using a more thorough approach.

There are some people here giving you strong hints that you should circle back and re-evaluate on a large scale rather than tweaking. This is not in their self interest (short of them feeling good about helping someone) and therefore is probably worth thinking about further.


Quote from feng456:

Wow i need to clear things up because people seem to think certain things that aren't the case and it just keeps snowballing.

Firstly I don't trade off of 30 minute candles. It's just what i have put up. To be honest if I had it on 1 hour or 1 minute or anything in between, it wouldn't matter.

Second. I do not use indicators. I've already said that twice. I don't use MA's or stochastics or fibonnaci even. k? I have volume, which I don't really use, and the candles. That's it. Seriously...third time I've said this.

Stop masking assumptions and then making strong worded comments on them.
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Yes, system trader. Quasi-mechanical; I would term it as 'grey-box'. It is not purely mechanical.

Entry is the satisfaction of two or more mechanical conditions.

Setting the exit (profit target and stop/loss level) requires a modest level of discretion dependent upon the holding timeframe conditions for the client and the volatility of the specific market, but since the exit is set at the time the trade is initiated it is indeed systematic. You put on the trade, let yourself get taken out, and move on to the next trade. Rookies are averaging between 57 - 68% Win to Loss ratio. Newbies who have been paper trading with me for three weeks now all average above 50% Win to Loss ratio.

Since we are monitoring and trading a large number of spread combinations in every market sector, we like to 'cherry pick' set-ups. We live in a 'target-rich' environment.

The reason I don't use the same exit conditional rules as the entrance is because it is far more profitable my way, and I consider it a strongpoint.
 
WOW! GENIUS!
YOU QUOTED MY POSTS ALMOST VERBATIM WITHOUT ATTRIBUTION.
Proves what I already suspected. Bone = Smoke, mirrors, bs.
Either you are too lame to come up with something of your own, or I am a better trader then you and I should be "helping struggling traders" for $6500/month or whatever it is you charge.
And too quote Gekko from Wall Street,"save the cheap salesman talk, it's obvious."

Quote from bone:



Setting the exit (profit target and stop/loss level) requires a modest level of discretion dependent upon the holding timeframe conditions for the client and the volatility of the specific market, but since the exit is set at the time the trade is initiated it is indeed systematic. You put on the trade, let yourself get taken out, and move on to the next trade. Rookies are averaging between 57 - 68% Win to Loss ratio. Newbies who have been paper trading with me for three weeks now all average above 50% Win to Loss ratio.

Since we are monitoring and trading a large number of spread combinations in every market sector, we like to 'cherry pick' set-ups. We live in a 'target-rich' environment.

The reason I don't use the same exit conditional rules as the entrance is because it is far more profitable my way, and I consider it a strongpoint.
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"YOU QUOTED MY POSTS ALMOST VERBATIM WITHOUT ATTRIBUTION."

You think an awful lot of yourself. Delusional. I do my own work, bud.


29eliye.png
 
Yes, I think a lot of myself, and justifiably.
But irregardless, there is no delusion, the proof is <b>written in the threads</b>.
Your pretty graphic doesn't show anything except your attempted distraction from the issue and lousy photoshop skills.
Oh, yes, it seems other people already accused you of something similar on Lescor's thread, right? LEACH.
Bone must be an abbreviation for Bonehead.



Quote from bone:

"YOU QUOTED MY POSTS ALMOST VERBATIM WITHOUT ATTRIBUTION."

You think an awful lot of yourself. Delusional. I do my own work, bud.


QUOTE]
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This thread is following the second law of thermodynamics and degenerating into the usual shitfest. But before it does, I would like to point out that ET still has a lot to offer seekers after trading truth. The Opie, before he revelaed himsef to be a dickhead, coaxed ET systematic traders into help mode. This shows that IF you are willing to listen, and capable of understanding, the ET community CAN help.
 
Quote from munnyhunny:

Yes, I think a lot of myself, and justifiably.
But irregardless, there is no delusion, the proof is <b>written in the threads</b>.
Your pretty graphic doesn't show anything except your attempted distraction from the issue and lousy photoshop skills.
Oh, yes, it seems other people already accused you of something similar on Lescor's thread, right? LEACH.
Bone must be an abbreviation for Bonehead.
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regardless, not irregardless.
 
Quote from rolextrader:

regardless, not irregardless.
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Literacy elitist! You really should cut him some slack for not being able properly to spell "earreagardless!"
 
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