StockBaron
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I've looked at a number of commercial trading systems and the thing that strikes me is that they all seem to have taken what was once a simple idea (be it MA X-over, MACD, Stochastic etc) and overlaid that with sufficient gloss and marketing to justify their price tag. Just my personal take on it.
However, if you take ANY basic system or setup, be it buying above most recent highest high (selling below most recent lowest low) and perhaps, as a maximum, pulling in volume as a secondary confirmation,
AND
use a sensible risk/reward and money management system that you adhere to absolutely - wouldn't that work just as well? (Better in fact, because you'd have the commercial systems' purchase price in your trading account too).
Or am I being rather naive? Has anyone on these boards bought a packaged trading system and successfully used it and has and IS making consistent profits with low drawdown?
However, if you take ANY basic system or setup, be it buying above most recent highest high (selling below most recent lowest low) and perhaps, as a maximum, pulling in volume as a secondary confirmation,
AND
use a sensible risk/reward and money management system that you adhere to absolutely - wouldn't that work just as well? (Better in fact, because you'd have the commercial systems' purchase price in your trading account too).
Or am I being rather naive? Has anyone on these boards bought a packaged trading system and successfully used it and has and IS making consistent profits with low drawdown?