As promised to Jack yesterday, here is a credible emu-lation of SCT on a one-minute chart. The caveat is that it is applied to ES without tuning from an NQ system. The objective is to achieve a system so confident that Jack's ideal of "always in, no stops, never a loss" is achievable by persons of low to no character who greedily refuse to share their winnings with other less fortunates in financial need. Interpret the chart as follows. The signal may be taken as the bar evolves, but no later than the end of the bar. Pukey greenish colors indicate long. Apoplectic reddish colors indicate short. An improvement over SCT is that the hue indicates confidence in the call. Green and maroon are weak calls. Hot pink and aquamarine are stronger calls. Limeaid and red are the strongest calls. Sequential greenish or radish bars indicate points where you can scale in if you were a pussy at the first call. Unlike the real SCT, this requires zero interpretation, no nut scratching, and no agonizing over volume. Throw away or eat your crayons. No new terms to use. Simply "red light short" and "green light long." No snoozing as in a five minute chart, the speed of this will keep you awake. I personally think of SCT as a random entry system. Did we code this up with six independent random number generators? We are not telling!
I do believe you've captured the spirit of SCT there. Right jolly fun, that, no?
Yes, it brought tears to our collective eyes when we finally got this working. Being thoroughly detestable and reprehensible persons, we had despaired for years of ever be able to trade the SCT style. Spurned by the inner circle for our manifest faults, never invited to the PalTalks or the email list, mercilessly vilified here on ET for our outrageous temerity in seeking to trade SCT without the requisite verifiable Boy Scout character, at last we have found our own way.
Technically, this implementation solves numbrous problems with the canonical formulation of SCT. Notable among them is that it is no longer necessary to seek to divine what is going on inside that opaquely impenetrable five-minute bar body. Set your T&S filter to 50 minimum contracts tomorrow to see it at work. Not only will you see us on the tape, we will BE the tape.