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Rt'ers
could someone post the tules for closint the makrets for today...is the max
30% or something ....what number is that?
Thenks
Mitch
>
> I have been developing a trading system now for a long time. It uses
> volatility and breakouts to enter and exit the market. Many trades are
> profitable in many different markets. However, it tended to trade against
> the trend giving a lot of loosing trades and in order to stop that I
> incorporated a simple MA filter that makes the system only give sell orders
> if the MA x days ago is higher that todays MA. This works fine, but in very
> short ranging markets the system gets really whipsawed, especially on the
> S&P. The enclosed JPG file clearly shows this. In a clear trend the signals
> are good, but it gets totally whipsawed in other periods.
> I know this is probably the most common problem for a system, but does
> anyone have any good advice about indicators that can be used in limit the
> number of whipsaw trades? I tried using ADX, however I found it to exclude
> to many profitable trades. However, I used a simple ADX rule which I first
> read in the old classic "Technical Analysis of the futures markets" by
> Murphy (I think that was the title) where I programmed my system only to do
> trades if the ADX was above a certain number. There may be other better
> ways of using the ADX?
>
> Any comments welcome.
>
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Mitch Ryder
Ynos@xxxxxxxxxxxx
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