Registered: Mar 2006
05-19-09 07:45 PM
Quote from kenser:
Yes, that was a good trade(9:40). But what about the signal that followed at 10:51(1000 tick using Ninjatrader) that did not work? What are you using as filters? The 9/34 EMA's & HH/ LL does not work. Are you using a higher time frame to only trade in that direction or something else? I've manually backtested the last several months & can't show a profit using various money mgmt techniques. Have you traded this with real money & shown consistent monthly profits?
Thanks, appreciate your inputs & sharing! Looked at this method in 06 & could not get it to work then, am I missing something?
10:51 was a quick loser for me. You will have losers. I'm a few ticks off of break even with these signals today.
If you keep good records, you will see a pattern where these work. You will also see that the good signals work almost immediately.
I cannot stress enough, the pattern that the 3-10-16 is describing must be watched (see previous post). Remember, this is supposed to give you a good shot of entering on the first pull-back against a new swing trend. If you just follow blindly, without watching for the pattern on your chart, you won't be happy.
Look at 9:47. Was that a good trade to take, long? No, it wasn't any kind of a pull-back in an uptrend, yet the 16 line did cross from negative to positive. I would urge everyone to review the signals that don't work. You'll see that many of those bad signals were not describing the first pull-back in a new swing trend. That is one reason why you cannot back test this. You must make sure it is describing the price action that you are looking for in a successful trade.
I'm not concerned with having a big day (like yesterday) every day. It won't happen. Your equity curve should look like a lot of chopping around with spurts higher once or twice each week.