[waveslider]

Dogpile,

It's a good project. The system is simple and has no parameters, that's great. I think the problem is where you said "I may even skip signals if Market Profile context or something else strongly favors it".

So what exactly is your mission statement here? I think its great to add mechanical aspects to your trading.. its an objective signal staring at you in the face. Problem is the objective signal is no good if you pay no attention to it.

Maybe you could just use the strategy as a filter - so you would only take long trades (using market profile, or whatever) when the system is long. Then if you decide to go against the system you could track how well you are "beating the system".
I know Art Collins is pretty opinionated on over-riding systems, you probably read that in the book (is it a good read by the way?)

The problem with just tracking the system mechanically real time is that its really boring. The chart you put up has the system going sideways (commissions included?) for over a year. Most people would drop the system or over-ride it in that time.

I think that is the one of the main attractions to discretionary trading - the idea that you can outsmart the market with your own intelligence. I run a daytrading system on all of the minis that makes money. I basically babysit it and trade my clients money on an end of day basis (hence why I am here typing). So it makes money -that's the point. But its boring. Someday when I feel super financially secure I will start trading using discretion -for fun mostly.

I think you are embarking on a good project! By watching mechanical systems trade real time, you actually can learn quite a bit, especially when you juxtapose the results with your own bias and emotions.

ws