In your example, if a 1000 people were really following a system, I'd guess that more than half would be in demo accounts and most others would be in micro or mini accounts. I seriously doubt the average trade would be 1 lot. That's not to say a ...

I think it depends. GBPUSD usually works better if you're trying to capture volatility and/or large trending moves. However, that doesn't mean it's "easy." It can get rangebound like any other pair. Also, its large countermoves/spikes make setting ...

This reminds me of something in one of the Market Wizards books. I'll have to paraphrase, cause I don't remember the exact quote, but it was something like There are a million profitable systems. All of them are very hard to find. In other words, ...

Have you tested for other months, too? I'm just wondering how this would do in choppier markets, like we had for the first half of 2005 or during the summer of most any year. If it's profitable in those periods without any serious drawdowns, it may ...

The ol' reverse divergence setup. Good stuff, Leugimo. I agree that indicators (particularly CCI and RSI) can be useful. No, not for entering when they cross over certain levels (a sure way to lose). But they can help you see divergence, trends, ...

Also, the larger the drawdown, the more difficult it is to recover. A 10% DD requires an 11.1% gain to recover. (By recover, I mean reaching your account's previous high point). Compare that to a 50% DD which requires a 100% return to recover. ...

Thanks for the reply! "Repainted" indicators are also worthless if you want to look at old charts and/or backtest. So I'm glad to know it's reliable. Just looked over the PDF. Nice system and idea. I've thought about similar ways to exploit trends ...

Thanks for the system and indicator! Just one question for now. This indicator doesn't "repaint" itself or change over time, does it? I assume not, since it's based on ATR and since you mentioned backtesting it. But I wanted to make sure. Thanks.

Any stop or target? Or is that determined as the trade progresses?

You'll need an extremely high win rate and a reasonable stop loss level...let me know if you can find a system with both of those! In addition, you have to consider your spread. You have to overcome the spread before you can gain the 5 pips, and add ...

My $0.02 here... Multiple systems can be a good thing...provided that you've systematically tested and tracked their combined results. But if you're just eyeballing a bunch of extra systems, indicators, patterns, etc. to make you "feel" better or ...

So if a price bar has closed and a dot is above (or below) it, the dot can move to another bar later? Or are you saying that a dot may appear and dissapear before a bar has closed?

I'm curious as well. I'd like to plot this on a graph and look at it manually. What are the two MACD settings?

I wonder if anyone has designed an MT4 indicator for this as well?

W.D. Gann came up with the 50% retracement idea. He came up with his own insights while Elliot and others started to look at Fib levels for trading. Over time, the some of Gann's ideas have been merged with Fib levels in many trader's tooboxes.

One other thing: I agree with the idea of trading 2 or more systems that have different rules/concepts. I'm not so convinced, however, by the idea that you just "stop trading" one of your systems when market conditions aren't favorable. That's much ...

My 2 cents, for whatever it's worth... I, too, like to be a contrarian at times and trade against the intermediate trend. My current system hasn't been thoroughly tested yet, but looks promising and has two main concepts: 1) Only trade in the ...

Though the "buy-and-hold" (or "buy-and-hope") crowd often says this and supports it with limited studies, there are long-term stock market strategies that have easily outperformed the stock indices for decades. I have a pretty extensive stock market ...

Are you consistently profitable when you shoot for 2-4 pip gains? I'm not questioning your results, but it just seems very hard to make net profits when your gains are about the same as your spreads. What kinds of losses do you take when you scalp? ...

If I'm not mistaken, some other "locals" here on the board (FX-777 and JohnFX of "Magnets" fame) also trade full-time and aren't vendors of any kind. I know of a few other full-time traders as well who don't sell anything. Having said that, they are ...