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Ernest,
I have MasterSuite, so I applied several of their systems, the most
successful being the Eurodollar trendfollowing system applied to 2,3,5,&10
minute bars, using different combinations of Asctrend(which is a great
indicator), Stochastics, RSI, and MACD, using day SP only, and also SP
which includes Globex which alters signals generated. I experimented with a
range of inputs, stops, and profit targets. I can make money with it but
they all overtrade.
What I have decided to use, and am comfortable with is the %CDT system
from Creative Breakthrough. It consists of 7 subsystems with different
methods of entry, and conservative stop placement($600 to $700). Exits are
market on close or by reversal. I have also used Asctrend stand-alone,
paper and live, using their suggested trading methods, with some success.
Unless I confirm with other indicators I'm forced to over trade. By the way
Robbins Trading can verify %CDT as they have traded it for their clients
for several years now.
Good luck
Steve
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> From: Ernest Cespedes <demoman@xxxxxxxxxxx>
> To: schnake1@xxxxxxxxxxxx
> Subject: Re: Day Trading
> Date: Monday, July 14, 1997 11:23 PM
>
> Hi Steve,
>
>
> Can I ask you what systems you're currently testing? I still learning
> Futures trading (by force) - I lost a lot of money. I'm currently
> testing TTC, DGL with WaveWise, and CAndlestick and so far, I'm getting
> a 60 - 75% hit rate. Also thinking about buying Natures' Impulse for
> $2 grand, but it's a little too deep for my pocket.
>
>
>
> Regards,
>
> -ernest
>
> Steve Schnake wrote:
> >
> > Hello fellow RT's,
> >
> > I'm a MasterSuite trader, have been paper-daytrading several systems
for a
> > while now. I just went live last week and did $3750 in the S&P. There's
no
> > reason we can't make money day-trading from home! I just don't have
much of
> > a track record yet.
> >
> > Steve Schnake
> > ----------
> > > From: 5150@xxxxxxxxxxxxxxx
> > > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > > Subject: Re: Day Trading
> > > Date: Monday, July 14, 1997 2:11 AM
> > >
> > > Will all who are daytrading any market and consistently winning
please
> > speak
> > > up? It would be most interesting to see if there are any traders in
this
> > group
> > > who are and are willing to say so. It would also be most interesting
to
> > know
> > > some results like typical annual returns. This seems to be an age old
> > debate
> > > as to whether off-floor traders can make money daytrading. The
markets
> > seem
> > > very different now and perhaps things have changed...Phil
> > >
> > > HSpielb908@xxxxxxx wrote:
> > > >
> > > > Day trading S&P seems like a lucrative business;
> > > > Gary Smith who himself has written systems and books on day trading
the
> > S&P
> > > > has dared anybody to show him their brokers statements to prove
that
> > they can
> > > > successfully day trade the S&P off the floor.
> > > > Another very famous system vendor says he spoke to 450 S&P
daytraders
> > and
> > > > none of them made money.
> > > > Anyone new to trading should beware of the above and he or she will
> > save
> > > > themselves literally thousands of dollars!
> > > > Position trading in trending markets is the way to go, unless you
are a
> > floor
> > > > trader
> > > > on one of the exchanges.
> > > > Mark
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