Simple es System

[profitseer]

Here's a simple system that has been working well for me, particularly today.

1. Enter mkt* with fixed stop of n
2. When profit hits n convert fixed stop to trailing stop with a value of n

*It doesn't matter what you use to enter mkt, just always be consistent and use the same thing.

Not sure if it makes a difference, but I only trade one side until I get burned, then I only take signals from the other side until I get burned there and switch back.

 

[Runningbear]

Proftseer,

What lengh stops are you using? Can you get us an example?

Runningbear

 

[Gordon Gekko]

profitseer,

you have some good ideas. i like this one too:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=7663

 

[profitseer]

Quote from Gordon Gekko:

profitseer,

you have some good ideas. i like this one too:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=7663

I posted the one today just for you Gordon. Your post about "If you can lose money you know enough to make it" was your best.

 

[profitseer]

Quote from Runningbear:

Proftseer,

What lengh stops are you using? Can you get us an example?

Runningbear

no, It's going to be different for every trader. I'm a scalper, so the stops I use wouldn't make much sense to people of average intelligence.