Holy Grail anyone?

FloorTrader

Junior member
26 0
noticed this on another forum:-

www.tradestars.com

its a free site so presumably the mods wont have a problem with the url. it gives you the 'holy grail' indicator, online, any symbol you like in a natty little chart format. Got it to work on the FTSE, and COLT, havent tried any others yet.

knock yourselves out!

Floortrader
 

bonsai

Veteren member
4,106 10
or rope to hang yourself ?

if you had followed the signal you would now be long.

this double top had better fail then !
or you need all your margin.

not for me. (even if it is successful)
120 pt stop losses are not what I call trading.
 

JonnyT

Senior member
2,560 22
120 point stops on FTSE are absolutely fine for swing trading.

For instance I have a system on the S&P500 that has no stop (always in the market), a profit factor of 2.03 and a win ratio of 72%. The maximum losers in a row is only 2, but it has had 7 winners in a row on several occasions. All over the past 4 years.

Worst drawdown is 100 points.

Swing trading cannot be compared to day trading and you have to capitalise and risk manage accordingly.

You can however very successfully swing trade with Spreadbets which gives a greater freedom for stakesize etc.

The system also changes trade on average every 5 trading days.

JonnyT
 
 
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