Why do folks reveal Profitable Strategies, are they NUTS?

So you would agree then that they couldn't pay for it. Except for those "couple of guys" in Australia maybe.

Here is how I know you are full of shit (1) you make preposterous claims of profitability, i.e. mid 5 figures to 15 mln in year, (2) you can't explain your method clearly, and (3) you even bother to defend yourself here. I figure that you have built up a website persona that you must defend at all costs, no matter how ridiculous you have to be. Those who question you, just don't get it.
 
To say that a couple of guys in Australia have programmed it is meaningless to me when there are about a thousand posts in your "trading journal" that run along these lines:


"Thats not exactly proof but I know Spyder is going to say that this is irrevelant to the first part of this thread so I will drop it for now but I am looking forward to something definitive on this later."

"Actually, you'll probably find FTT's created under your "confused" circumstance will work out as trades much better than the first."

I liked this one, "My ability to spot FTTs in hindsight and draw channels is progressing nicely. What needs a lot of work though is spotting them real-time."

Sometimes its up, sometimes its down "With regard to the FTT's, it seems everyone would be thrilled with a concrete description like: A bar with a higher high and higher low than the previous bar, with decreasing volume. But it can't be that way. It's more like a detective work weighing the evidence, because they are not all the same during their formation. How the bar formed - speed, retracement, volume, the forward progress - it's always a bit different. Sometimes the next couple bars move up on lower volume then form a FTT, sometimes extraordinary volume is a clue, sometimes it's a reversal bar."

Keep trying "I have read that post of Jack's a number of times and I am watching a display pretty much as he layed out there but so far I cant make much of it but I will keep working on it."

And another huge player, Makosgu "My biz endeavor (~$400MM) of the last 12 months has finally closed as of this week (ie. now open for biz). The first $1B transaction will go on in a few weeks. In other words, I can't wait to get back to contributing and trading. I have a boatload more tools to get out..."

I could go on and on, laughable.
 
Quote from rhymeswithorang:

I could go on and on, laughable.
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You either have reading comprehension issues, or you prefer to selectively quote in furtherance of your own agenda. I'll let you decide which it is.

The 'two guys' who programmed the automation did so in Equities. You quoted from the Futures Journal - a journal where people are attempting to learn the various components of the system. I notice you neglected to include any quotes from anybody who is making money in Equities. They aren't very hard to find (they posted today). Did you simply forget? In addition, the whole point of the 'two guys' was in response to another poster's claim that the "system was discretionary and therefore couldn't be automated."

I've met some 'thick' people before, but come on dude. By all means, continue with whatever agenda you seem to have, and don't allow any facts to interrupt your ranting.

- Spydertrader
 
22 points a contract per day, on average? Do I read this right?

If so, you are exceptional traders, truely on a completely different plane than myself.

I'm over the long haul average ~ 1.3 pts a day / contract on the ES. Thats after slip/comm. Actually the ES isn't my most profitable instrument (quite the opposite actually), but it is very stable in behavior and very liquid.

I don't particularly care if your telling the truth about 22/pts a day, I'll give you the benefit of the doubt and say bravo. You would certainly be one of the most epic ES traders in history. In fact swinging those kinds of numbers, you will become known eventually one way or the other ;)

If I see something posted that is objective and mechanical in nature (in terms of SCT), I will certainly give it a once over. So far I have seen the inklings of a something that shouldn't be so complicated, being made way overly complicated (including odd language and acronyms, almost cult-like).

Best of fortune to you though, I do look forward to seeing the results of your experiment in 2007.
 
Quote from jack hershey:

Do you want a copy of the logic sheets for the mechanical version?
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For starters, how about just giving us a complete and clear backtest of your strategy? Then I can decide if I want to go any further. Thanks.

Here's an example of what I'm looking for:
 

Attachments

Quote from Spydertrader:

A couple of guys down in Australia did fully automate the Equities Methods, and currently trade using those very same methods (fully automated). They often let it run while sleeping.

What part of the methods I have explained did you find unclear?

- Spydertrader
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No offense but I really don't have time to wade through umpteen hundred pages to see if a strategy is worthwhile, especially when so many people who have done that wading are left publicly scratching their heads. Yours may be an exception but generally when there's that much smoke and no obvious fire, somebody is just blowing smoke up other people's arses.
 
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