Simple System for Beginners

Quote from ElectricSavant:

According to the original rules Sampson you exit at 15:00cst, if your still in...From what I understand it is a "time target" not a "price target".

Michael B.
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I thought the unfilled stop stayed active but in this case we had two of them !!!
 
These simple things are too hard to understand, I guess I do not get it...

Can't we add some lagging indicators and complicated formula's for quote pages and excel worksheets, folks?

Michael B.

P.S. Would the thread author be willing to start a journal and run it for a month on this simple version of the system?

Quote from Samson77:

I thought the unfilled stop stayed active but in this case we had two of them !!!
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It tells me if i had 2 years of data that told me that type of profit consistantly, i would watch it live until i felt comfortable, then start with 2 contracts and build it up to 20+.
Also tells me there is some potential.....but again, you can't tell much from a method like this with only 2 months of data. At least not enough for me to risk my money on, thats for sure.

Pierson
 
Quote from pierson:

Interesting, i went through by hand and backtested on the NQ July and August like i posted before and got July -23 and August +48 points respectively.

Today i took them and measured from 1:00 central and got July +40.5 and August -23 points.

Almost exactly the opposite but profitable regardless.....i know 2 months is a very small sample but i didn't have anymore time and i thought someone might find it interesting. Maybe trading both of these styles together might smooth out the equity curve. Who knows, i will need to find time to test much further back.

Pierson
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Trading both systems:
July: +17.5 points
August: +25 points
 
Quote from HLB:

Is building trading expert system in Prolog is a KISS? :-)
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My underlying principles are always simple. But building a real-life trading robot is a very complex exercise. The actual trading and money management tools are not that easy to construct. On another hand, manual trading should always be governed by a simple robust strategy.
:cool:
 
Yes,

Now for tougher things in trading contact (555)elementary math.com.

Ok Children, I want you to lay your heads on your desks for 15minutes..... its nap time.


Quote from ms_9901:

That was very helpful for beginners.
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Well call me crazy but i went through June also.

using opening price +45.5 points on 19 trades
using 1:00 price +21 on 19 trades

From what i can tell so far the 2 seem to be a nice hedge on each other. Still only 3 months of data, i think you need around 100 trades to give you a decent sample.

Pierson
 
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