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Old 07-04-2008, 10:49 PM   #1

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Free System

I posted this on a dead thread elsewhere and will repost it to see what interest it generates.

ES on any time frame up to 30 min. Six years on the report performance

No parameters. No optimizations. Lots of trades. Low drawdown. But I ask you - who will trade this? I mean actually trade it? Not too many. Why? It's pretty, no really boring - and requires no intellectual input. You are a monkey. Still it makes an important point.

I'll trade you for one concept that has helped you in your trading.

This is barter. But any honest trade will be accepted
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Old 07-05-2008, 03:55 AM   #2

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Re: Free System

One of the things that has helped me most in my trading is that of position sizing relative to market volatility. This is easy to implement for stocks or forex but not e easy for futures unless you are using large size. This way I can pretty much normalize my risk without worrying about highly volatile markets because I have positioned my trade to take account of it


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Old 07-05-2008, 04:31 AM   #3
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Re: Free System

Many have said that the characters of the equities markets worldwide have changed over this past year, less predictable perhaps. I think the best thing to do amidst this environment is to become a master of continuation patterns.
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Old 07-05-2008, 12:33 PM   #4

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Re: Free System

Hmmm, I must have some old junk.....err I mean....holy grail idea to trade with you. Looks like a decent little system. Let me try and think of something you would like I guess anything to do with lines and geometry is likely to be in your toolbox already.
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Old 07-05-2008, 08:21 PM   #5

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Re: Free System

Hi Waveslider,

May I ask how the system performs in other markets or is this strictly for US indexes? Have you tried it on the stoxx50, FTSE, Nikkei 225, or ever bonds and some comods? The system looks pretty good to me. My day is filled with study not really trading - that is what the system are for. If I get bored, then I need to study something that interests me

All my best,
MK
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Old 07-05-2008, 08:39 PM   #6

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Re: Free System

Sorry mk,
its not likely to work, it is a specific pattern for US markets.

Blowfish,
whatever, I know you - just pm me.

OAC,
you're right, markets always changing. Momentum seems to work again sometimes... maybe the turtles will return!

Thanks to everyone who has responded. If you make a million, you owe me a bottle of wine - that's fair right? Or one bottle per million.
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Old 07-12-2008, 05:00 AM   #7

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Re: Free System

Trading only at daily highs and lows can be bread and butter all by itself. This concept can be extrapolated to trading at major support and resistance in general only. Patience required, great payoff.

Another one: take some P&F charting patterns, and map them to standard bar/candle charts for some interesting perspectives.
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Old 07-12-2008, 12:40 PM   #8
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Re: Free System

Quote:
Originally Posted by gooni »
Another one: take some P&F charting patterns, and map them to standard bar/candle charts for some interesting perspectives.
Could you post an example of what you are talking about here?
 
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