Late in here but I hope this gets a reply, this looks a standard indicator system and with NinjaTrader I've tried programming 100s of indicator combinations before finally accepting all indicators are moving averages and none of them will work consistently.
That is unless you get your exits right. Paulus's knack seems to be cutting losses very short, so he gets the good trades and even when a strong trend knocks his Stochastic signals for six, he's out with tight losses. This is fundamental technique I really would like to master, I think I've got the stop loss rules sorted, but when I see the images here:
http://www.charthub.com/images/2008/04/17/System_1_4
I can't quite figure what the two number for each trade mean, eg. 0.3-0.3. Are you taking half profit and leaving half open somehow? Please could someone possibly let me know if how these numbers work and if there is any discretionary/mechanical multiple profit-taking,
Thanks,
Jeremy
That is unless you get your exits right. Paulus's knack seems to be cutting losses very short, so he gets the good trades and even when a strong trend knocks his Stochastic signals for six, he's out with tight losses. This is fundamental technique I really would like to master, I think I've got the stop loss rules sorted, but when I see the images here:
http://www.charthub.com/images/2008/04/17/System_1_4
I can't quite figure what the two number for each trade mean, eg. 0.3-0.3. Are you taking half profit and leaving half open somehow? Please could someone possibly let me know if how these numbers work and if there is any discretionary/mechanical multiple profit-taking,
Thanks,
Jeremy