Sunnyside

The trading club that I belong to has guests from time to time. We had a mathematician and professional trader who was speaking extensively about backtesting systems. After speaking for an hour he finally admitted that technical systems really only have a 50/50 win/loss ratio on an average. This leads me to definetely take faith in the idea of money management and RRR. I really enjoyed Walters way post which brought me to the same conclusion as our guest speaker. How do other successfull traders here feel about the 50/50 ratio?

Thanks for all the replys. What is a multi chart? Do you have a picture? I am looking into Ninja trader as a possible solution, but the Zen-Fire tech support say my DSL modem will not let thier super fast price qoutes through due to my firewall. I have never had any issues with my current broker. I also had the firewall turned off. What gives. It seems like a simple thing but it has ended up being very complicated so far. I would like to find a chart feed service and software to get going on this. I also ask tech support from two different companies to set me up with a range chart and they said they never heard of it. Oh well, tommorrow is another day.

I have trade navigator and I found out their programming does not let you print volume bars or candles by Ticks. They only allow for time. Is this normal for a trading software to not have this feature? Thanks..

Thank you much TinGull.

If I want a chart to see price movement say for example in the mini Russell. The opening is 842.0 and I would like somthing to chart everytime there is a .8 move to say for example 842.8 as an upward move and represent it as a blue bar. or if it goes down .8 to 841.2 then it would be represented as a red bar on a chart. What kind of chart could I use to visually represent this type of price movement in some way? Any help would be appreciated. Thank You.