The never-ending search for the Holy Grail with those system guys...hmmmm They are trying to measure a non-linear world ( the movements of the markets) with linear tools (technical indicators). You have to be much more sophisticated in your approach to be able to come in the neighbourhood of the Holy Grail.
There is no such thing as the Holy Grail. Only the pursuit of finding it! The sooner you realize that the sooner you will grow as a trader. Not that you should stop searching either... From another "system" trader.
All the information of the market is in the chart itself. From the moment you use a technical indicator as a decision tool, you base your decision on reduced information. Technical indicator's should be used a a distant guide, not more. And the most effective technical indicator is for me still a simple moving average.
I agree Sabena... there is no holy grail. I do know there are systems that work well though, even if they aren't "holy grails". I think it was on the omega list that I saw one poster saying "it amazes me how good a system has to be for most traders to be willing to use it". I totally agree with that statement. So what that a system doesn't rack in 900% ROI in one year. Anything over 100% ROI is good in my book... especially if the equity curve is fairly stable and the drawdowns minimal, then you just leverage yourself more.
agreed, I have yet to see a system based on a technical indicator that works well for any significant period of time. If it works in the short term it is purely chance, imo.
____________________________________ All the information of the market is in the chart itself. From the moment you use a technical indicator as a decision tool, you base your decision on reduced information. Technical indicator's should be used a a distant guide, not more. And the most effective technical indicator is for me still a simple moving average. _____________________________________ that is the best post I have yet seen on this entire msg board. I couldn't have said it better. I am a strong beleiver in chart patterns, price levels, and volume. I don't have a single indicator on my charts except for price and volume. All indicators are contained within the market. If you havent found the grail yet thats cause your looking in the wrong place.... look at the chart.
When you have an income between $6.000 and $7.000 every month is that not good ????? When you do better, please let me know !!!! Jeanmichel
JeanMichel: Can you elaborate more on the settings of your Emini's Trading system ? Are those colored lines moving averages, if so what period are you using ? If you can get to explain me the setups for entry/exit in a more detailed and objective way, I can do a backtest using Tradestation and see if the system can withstand the test of various market humor phases.(Non trending, trending) hsanson