Simple Profitable Method

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Quote from Neet:

If anyone knows how to implement this in Tradestation please share your input.

Thank you.
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I assume you are looking to chart this, not backtest the method.
pull up a chart, go to insert indicator, you will see some tabs, under indicator select moving avg 1 line, choose it, click ok. Under the next set of tabs choose inputs, you should see price, length, and displace. In my example you would type 5 for length, and -2 for displace, click ok and you are done.

Here is an example on the ten minute charts, 5 period simple moving average, displaced -2. You may also want to check out
tradestation's website, there is an ocean of info there from beginner to advanced. If you can't get it to work you can pm me or you may want to call them. :D
 

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Kinggyppo,

Ok...now were getting someplace.

Would you do us a favor and plot Trader28's special SMA 3 and
8 Shift +2 on your computer?

Then plot some EMA's and SMA's and see what is closest to his
special SMA's. I am thinking for his SMA8 it is a EMA25, for example.

The problem is, some of us can do it on their computer program's
and some of us can't. But it would be great information for all of
us to have and watch. If we could just approximate it.

Oh...by the way, I just trade the (ym index) and my system isn't set up to watch individual stocks, so I really can't comment on any individual stocks. But I would think the system would trade the same.

Thanks for all your help...

snarlyjack
 
Quote from Mo06:

Have looked at the 3 bar SMA, but to me it would whip me out of a trade far too frequently to be of any practical use.

All depends on ones trading style I suppose. But slippage & commissions eat into any profits made with such short term trading systems IMHO.
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You have to be in a good trend, ie for a long: MACD above zero and MA and price dips below 3SMA+2 then pops back above price without the first two conditions being compromised, basically it is the floor trader method of buying or selling on small pullbacks which is one of the most successful methods in trading, they put great emphasis on the V pattern/shape, the 3SMA+2 seems to capture that nicely and a little quicker than the FTM
Mind you I can only speak for a 2 min chart on the ER2, other time frames and markets would need to be observed for similar consistency

And Snarly there appears to be no substitute for the offset
 
Typical response from someone who doesnt know what the hell he is talking about. I have over a billion backtests consisting of this crap and I pretty much know its worthless.

I dont make money randomly. I make it with skill and using systems that have a proven statistical edge, not silly little stupid shit like this you can find in any book that only works in hindsight.

Have fun pretending to make money. But the fact is, these dumb rookie rules are easy to backtest, so it should be pretty easy to prove if this exact system fails or not. But of course, I doubt you have the talents required to do a such a test, so instead you stick your stupid head in the sand and pretend to be a trader. Have fun with that kid.




Quote from Trader28Lite:

It actually defines a system called the floor trader method but gets you in even faster than those rules. Perhaps making money is random for you but I've found that simple little indicator quite consistent at making money

But if you must backtest something, try this (_!_)
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:D
 
The fact that you dont realize just how constructive my post was, only shows your extreme ignorance of real trading.

I can flip coins and make money, but not in the long run. Post a 5 year equity curve of the profits this system has made and then maybe someone will believe you.

But ive backtested the hell out of thousands of combinations of the kind of indicators you are using and I know they are worthless.

Now go on and keep being fooled by randomness. When you blow out, come back and read my original post, and think to yourself, gee, I could have saved myself a lot of money and time :D


Quote from dunedin:

Traderdragon, that was your 100th post, congratulations! Were the previous 99 any more constructive? Doubt it. T28 isn't the only one making money out of this very simple method. Have you ever heard the expression 'don't knock it 'till you've tried it'?
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More proof you have absolutely no idea what the hell you are talking about :D

Most systems work?? LMFAOOOOOO what a tool. Are you hoping sheeple are going to pm you so you can sell them crap or something? This thread is a joke and contains nothing that contains a real edge.


Again, this stupid system is easy to backtest. I challenge you to post a tradestation report, or whatever software you want to use for the last 5, or even better, 10 years. You cant, because it doesnt work. End of debate.



Quote from trader28:

It is that easy, in fact most systems work, this one happens to work better than most, it's traders that ruin systems, methodology is 5% of trading
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3 posts in a row.... desperate troll alert :)


3 posts in a row tells us everything we need to know about you, no focus, no discipline, no self control... hence, no trading success... and that's the real reason you are here in this thread, you are psychologically projecting your own miserable failure onto others because you cant stand others succeeding... just another loser offended by success
 
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