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Hello Ed,
Tuesday, January 23, 2001, 12:23:24 PM, you wrote:
EK> I might have sent this email twice. Excuse me for that.
EK> I will have overnight positions. I am using a simple break out system. Trend
EK> following in nature this system gives me nice backtested results from
EK> January 2000 till July 2000.
good long history there ed.
EK> From then the 30 minute based results start to
EK> go down. Obviously a market related problem since the Eurostoxx perform more
EK> sideways since August 2000. I am using this same system for daytrading on a
EK> 5 minute basis.
or if it continues to not perform just keep optimizing until it does.
EK> question 1) I want to use this break out system for my 30 minute charts
EK> together with a money management system. Does anyone on the list use a money
EK> management system with full satisfaction? Is that a system which can be
EK> programmed for TradeStation 2000 users?
try the trailing stops those will be most enjoyable to you. try the
floor and ceiling settings also those can really help out a bunch.
EK> question 2) Concerning my daytrading. Is there anyone on the list who wants
EK> to share ideas about a reliable daytrading system that can be used for
EK> trading futures on a 5 minute chart?
seems like you have a good system - just need to enhance it.
EK> I am running into too much sideways
EK> periods on a five minute basis. My break-out system does not seem to be able
EK> to avoid these periods. Any suggestions or programs that give the so badly
EK> needed satisfaction/positive results?
yea isn't it a bitch when all you focus on is those big runs- called
trends - that everyone else also wants to get on and ride. i would
suggest you stick with this trend chasing system until you have no
more money left and remember the trend is your friend.
EK> I am trading through Refco and the number of trades is not the problem. I
EK> pay nice fees and I am behind the screen all day so I do not have problems
EK> with labour intensive systems.
of course i would have suspected no less, you should have time to
count ticks also - and if you continue to loose money chasing false
trends you can always blame it on poor fills and slow data feeds.
EK> Thanks in advance,
EK> Ed Kiers
ps ed what was your occupation yesterday?
Mark
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