Kris, Forex Trades 24 hours a day from the open in Wellington NZ (Sunday US time ) to the close in New York on Firday night. So there isn't much of an EOD, just an EOW. Actually some market makers suspend trading for 15 mins at 5 PM EST but it's not much of a break. I'm never in a position for more than 60 minutes as the basis of the system is predicting price action two 30 minute bars into the future.....one bar to enter the trade on and the next to exit. Jerry
I've been through this whole thread and the only person who actually answered the OP's query was Hook N. Sinker. Congratulations, Hook N. Sinker, for (a) knowing how to read objectively, and (b) answering a direct question without a load of BS attached. As for the rest of you: the OP didn't ask for your best system, he didn't ask for the system you currently trade, he didn't ask for the Holy Grail, he didn't ask for pics of your equity curve. All he wanted was a single public domain TA strategy that didn't lose money. That's it. As Hook N. Sinker demonstrated, such systems may produce basically insignificant returns but that wasn't the point of the query. I think the OP just wanted some reassurance that he wasn't totally wasting his time even looking at TA.
there is a plenty of them right here- http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/browsechartscripts
i dont get it largest winning rate 16k with that kind of money 200 contract is childsplay you should be making over 40k on small scalps over 100k a day trading futures
##################### In case I have overread something - sorry what do you mean by "applied THESE SYSTEMS"? Which one are you, Jerry, talking about. Thanks for taking your time. GG
Many good concepts still apply. But you have to figure out yourself the variations that are consistently profitable.
Hardly, I am the author of the 2 and 3 most profitable market order scripts, and I have 4 systems in the top 10 most profitable limit order scripts ever written. Good luck to anybody who thinks they can beat that.