i decided to see if i could come up with a simple system that could generate income devoid of any indicia and no discretion (yes, that's a tautology, i know!)
anyhoo, i developed a simple suite to prove two things, firstly that it can be done by anyone with simple logic and secondly (this is a long-winded secondly) to prove and give evidence to both sides, that is, if there's a reasonable equity curve it is based on the non-seeable costs involved for a trader, the human being and the dollar downsides.......
todate the system runs in several time frames and in this instance i've based it on a 10 min time scale to smooth out reaction times and clutter of data and is ok on fx or common indecies.....
(edited; i've also run this on 10 second bars on the dax, same rules, same relative result (as a regime)
wont cost you anything to see it, study it, trial it and improve where you like
there is no equity curve published and i have the numbers of points gained in each instance, however, i've not publicised those simply because (oh, a catch!) simply because a trader needs to take the responsibility of seeing evidence by logging future history not past history.........if you want to be a real trader from scratch you need to let go of images of "lifestyle" and get to some basic logic, some basic questioning of how things work, prove to yourelf with evidence and realise that that bloke who runs the local seven eleven throws good milk away to make even more on the stuff he does sell.......
hopefully, Jon won't delete this text
go to topstocks.com.au
go to Discussion tab, Dow Jones (DJIA) thread
go to futures/cfd parallel activities dated 26/01/12
go to post # #733034 (this is where the idea develops)
you need to read the text
look at the .gif/.jpegs charts..... to do that you'll need to log-in (free)
no-one is going to try to sell you anything......it's a well mod'd site just like Trade2Win......slightly different set-up chat site....has a live chat room and you can drop me an email if you want to chat ....a date could be set to have a group talk......
i've been coming here for a few years and mostly post at top$tocks site......should be obvious that i'm not selling anything
anyways, my 2c
if you want to know the point of doing a real time exercise; the original reason was to prove that any system can be invented from scratch and any system run like a steel girder, with money management techniques, can produce an equity curve, however slow the slope might be.......of course, that would lead to a rigid way of conducting business....so, if you want lifestyle trading (that cracks me up) maybe a system dependant on trend breaks and a system that makes you suffer with what's either side of a trending price (and price trends less than it does chopping)......well, maybe its not really for you......
i'm trying to think of something that might sound aussie but everytime i do it sounds like a 1950's movie line.....
did Aussie rob say
corker son, corker cracker bonzai you bute buy this fair dinkum snorking non-shonky loaf of bread i made from angel dust
and only 15 grand .......(out the side of his mouth of the side of side of the stage he was heard to say "pakka clueless plonkers")