Surf's Special Situation Journal

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I won't, except for a very very small sample of systems. If you want to draw conclusions off a very small sample size go right ahead :p

Quote from marketsurfer:

If you do the research on systems and stops degrading performance You will what I mean.

surf
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Quote from R. Raskolnikov:

Tobbe, haven't you heard? There are only 3 possible trading methods in the world! :D
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Rasky, haven't YOU heard? A stop degraded my student's performance today, caused his only losing trade :D
 
The fact that the OP uses a mere 3 systems as evidence to draw conclusions about ALL systems shows just how little he knows about the trading world. His behavior on some of these topics is just baffling.
 
Quote from marketsurfer:

I don't trade automated or fully objective systems. You need to ask the system experts on the links I posted. But it is common knowledge stops degrade performance. What can I say?
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100% true. Almost every system I created and backtested exhibited this very characteristic. Except for high frequency trading, mechanical stops cause a much lower average win amount per trade. I came to the conclusion that systematic entries are OK, but that humans are much better at stop placement. Perhaps, it's because the software has no "feel" for the market or the charts.
 
If you are talking about "feel" for the mkt or charts than what you've created was not OBJECTIVE.

Quote from syswizard:

100% true. Almost every system I created and backtested exhibited this very characteristic. Except for high frequency trading, mechanical stops cause a much lower average win amount per trade. I came to the conclusion that systematic entries are OK, but that humans are much better at stop placement. Perhaps, it's because the software has no "feel" for the market or the charts.
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Quote from syswizard:

100% true. Almost every system I created and backtested exhibited this very characteristic. Except for high frequency trading, mechanical stops cause a much lower average win amount per trade. I came to the conclusion that systematic entries are OK, but that humans are much better at stop placement. Perhaps, it's because the software has no "feel" for the market or the charts.
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Thanks wiz--- yeah, its not just your experience but every system trader that I know experience, plus all the academic testing shows this to be true--- Only the "masters" on elite argue this point-- these folks are obviously naive or just jerking my chain with these posts. If not, its a sad case of self delusion.

surf
 
Did you not read his post? Read his last sentence...his systems are NOT OBJECTIVE

Quote from marketsurfer:

Thanks wiz--- yeah, its not just your experience but every system trader that I know experience, plus all the academic testing shows this to be true--- Only the "masters" on elite argue this point-- these folks are obviously naive or just jerking my chain with these posts. If not, its a sad case of self delusion.

surf
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This is how TA doesn't work... You see something on the 4HR USDJPY chart expect it to work out and then it doesn't... Why did this pattern fail...?

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Same thing only on the 1hr chart... Why did this fail...?

I guess one man's bear flag is another man's double bottom...? Right...!?

So how do you decide between the two in an objective way that doesn't involve plain dumb luck...?
 

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Quote from NoDoji:

Oil's trading, slowly, but my price action setups worked fine, between 8:40 and 10:30 ET, six setups triggered, five reached minimum target.

This thread is entertaining, no doubt :cool:
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You had 5 trades which reached your minimum target of 20 ticks between 8:40 & 10:30 when there was only a range of 70 ticks?

That is some incredible trading if I understand correcly.

I see 3 pretty obvious setups which would've given you 20, but I'm not sure about 5 of them................but, I ain't got the skillz just yet. :)
 
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