LOL gann, you need to see the stellar results posted from backtesting this "system" . just curious on your opinion, but i think you just gave it. LOL next time you are in NYC give me a call
If I read your post correctly, you claim a system with a sufficient d to show a profit based on the breakout from an opening range. That's fine as far as it goes. Now, are you ready to perform a demonstration? By the way, it seems you still don't quite get the challenge question. It's not about drawing a chart of the market before it happens. A requirement of any trading system is that it offer the trader a statistically profitable indication that price will soon move in a certain direction and to at least a certain minimum extent.
??? What do you mean by statistically profitable indication? To what certain minimum extent? Can you elaborate on that???? ROFL.
What was wrong with the results? It was a simple system to show that trendfollowing works, which I beilieve it did. And I bet it beat your performance over that same time period. It sucks to lose to something that simple doesn't it Hank. 5yr
First, it's not a system, it is an entry; there is a difference. Second, it gives, on average, $150 before commissions and slippage. Notice I said on average. It makes no predictions. It does similarly well in energies and the ER2. Again, these are simple statistics from entry research; this is not a system (though I have one developed and trading using the same premise). Third, I really don't feel too compelled to post all of my trades here in real time. What is the point? Should I give away the major points to a system on which I spent about 6-10 hours a day, 6 days per week, for about 1.5 months? Not gonna happen. I've read those type threads; why should I spend my time posting my rules with entries and exits before the trades (for about 8 different markets, no less...)? I don't feel to compelled to spend a large amount of time to hear a bunch of people telling me that I posted an entry after the fill, or any of a number of other issues. I'll keep my trade log at home, thanks. By the way, I'm sure you're going to get a similar response from others who have put a great deal of time and effort into their systems. I noticed you kept your own journal up for about 10 days. You want to post here in real time as well?