sevensa

Couldn't you say the same thing for pretty much any system? There is no sense following it unless you know something or it averages a good return?

Unfortunately, you are completely missing the point. Oh well...

I don't recall saying 25% is fine, although I cannot see how you can disagree with the position sizing method of another person without knowing anything about his method or risk tolerance. If someone has a screen and ranking based method that buy the 4 best stocks every week in 4 equal amounts then in effect he is risking 25% on each trade. Anyway, if you believe that one size fits all regardless of the strategy used and this works for you, then continue to do so and don't change. In the end you are responsible and not other people, so you have to do what you believe to be correct. One last thing... remember that asking for advise doesn't help much if you only want to hear answers confirming what you have already decided the answer to be. Best of luck in your trading.

Yes, the cardinal rule of successful traders are that they do what fits them and their system/methodology and not what fits another person.

Ok, you didn't ask me, but I have a question... Are you developing a plan for you, or for maildigger? If for you, why does it matter if it sounds good to someone else? Shouldn't your plan be one you are comfortable with?

Why not post a chart of your analysis and where you think setups were and ask for feedback? I am sure some of the VSA experts on here would be more than happy to provide their feedback if you do that. I think you will learn much more that way.

Believe no one. If you are going to ask 5 different people you will get 5 different answers. Go through many different charts over and over and over and see for yourself what works and what doesn't. People will always come up with "reasons" why a trade didn't work. Nothing is going to work 100% and sometimes a trade simply just doesn't work. For every setup, there will be trades that work and trades that don't. It is up to you to figure out which ones give you positive expectancy based on your rules. You will only be able to determine that by going over many charts and not by asking which people to believe.

Why don't you start a thread and post your ideas? However if you expect that someone will write a system for you and backtest it for free, you might not have much luck get any takers.

What should the indicator do? What is your definition of "work best"? Works best with regards to what?

You have to do backtesting in your trading software and not in a thread.

At least put some minimum effort in before asking for help. It took less than 30 seconds to find the following link with google. Hull Wealthlab

To be honest, I have no idea what you are saying above, but attached is the code for the function and the indicator in .els format. I only have Tradestation 2000 but I guess TS 8.4 would be able to import .els files. Both compiled and I was able to apply the indicator to a chart, but I did not check if it shows anything meaningful. TRIANGLE.zip

The name of the function needs to be "Triangle" when you create it.

If I may, can one of the moderators please close this thread? This is obviously not going anywhere anymore with the ET people making it just another ET thread.

Please refer to post #37 from trader273. You are happy with the method, so use it. Other people are not, so let them be. Just let it go...

You cannot buy less than one contract in the futures market, nor trade in fractions of contracts. The underlying unit value of a contract depends on the currency futures you are trading. You can read up on the contract specs on the CME's website. CME Currency Futures Contracts

The formula to calculate SCAR over a specific period is: SCAR = ((CV-IV)/IV)+1 Where: IV = Initial Value (beginning portfolio value of time-frame being measured) CV = Current Value (portfolio value as of last trade of time-frame being measured) The formula to calculate return on account over a specific period is: Return = ((CV-IV)/IV) * 100 Where: IV = Initial Value (beginning portfolio value of time-frame being measured) CV = Current Value (portfolio value as of last trade of time-frame being measured) The only difference is that in one case you add 1 and the other case you mulitply with 100. Multiplying or adding a result with a different constant, doesn't give you any new information, but if you think it does, then more power to you.

If you are not sure if you should trust someone on a website, why do you think you can trust this website to tell you which ones you can trust? Unfortunately, there is no easy answer. If you are looking for a website to tell you what to do, then you can just as well invest in mutual funds (or your country's equivalent if you are not in the US) and save yourself the trouble and effort. No one here can tell you what you need to look out for. Everyone trades differently and what works for one person, wouldn't always work for another. What is important for me to look at, might be junk for someone else. You will just have to figure out for yourself what is going to work for you. The only way to learn is to read as much as you can and try things out. After a while you will see that most books repeat the same information and none of them will give you the perfect system and make you rich, but here and there some things will make sense and you will start to figure out what you want to do. Once you have some vague ideas, try them out. Don't just keep on reading new books and never take the next step. When you try things out will help you see what works, what doesn't and what you need to change. This is like learning to drive a car. You can read all you want about how you should do it, but the only real way is to get in and start driving (slowly). If this sounds like a lot of work, a lot of effort and like it will take a long time, this is because it is and it will. Investing or trading for a living is hard work and takes effort and committment to succeed, like any other profession. If you are not willing to put in the time and effort then you are better off leaving it to a professional. After all, this is what you do for anything else, whether it is to fix your plumbing, fix your roof, get a haircut, etc.

These are VSA terms used in a VSA thread. If you have known anything about VSA, you would not call the terms complicated. There is a thread specifically for people like you to post your feelings about VSA. Kindly post your comments there and let this thread stay on topic as your post is not adding value to the goal of this thread. Thank you. crock-or-not

Just click on Chat in the menu above.

This means that you have lost 15% of your account over the last 12 months and has nothing to do with the previous losses. This is a simple calculation to see what your return is over the last 12 months. Just because he decided to give it a fancy name, doesn't mean it is something fancy.

According to the website, the formula is: The SCAR ratio formula: SCAR = ((CV-IV)/IV)+1 Where: IV = Initial Value (beginning portfolio value of time-frame being measured) CV = Current Value (portfolio value as of last trade of time-frame being measured) I don't really see how this is really different than calculating percentage return over a period? Looks to me to be the same thing, just slightly repackaged with a new fancy name. I am always suspicious when someone do that as in many cases they just do that to market themselves so that they can sell you something.

As HLM's has mentioned it is all about positive expectancy. Have you calculated yours? You might be surprised in that with your low accuracy, that your expectancy might be pretty similar to his. There are many ways to skin cat.

I could only trade a little bit today, but managed to get exactly 5 points. Guess that was yours? Sorry.

Try changing the code as above. Or like this: Condition1 = value2 = 1 and value3 = 1; Condition2 = value2 = 0 and value3 = 0;