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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: peter n matzke who wrote (32336)9/1/1999 4:27:00 PM
From: Lee Lichterman III  Read Replies (1) of 44573
 
Thanks, went long yesterday too early and sold too early so I may just be running early this weak <g> I just don't see how this can stay up on poor breadth, falling dollar and bonds falling as the rate hike gets more and more expected (3 and drop).

As to yesterday's discussion my system is basically based on over sold and over bought primarily using Chandes momentum oscillator, stochastic and then for hard signals a DMI crossover averaged over 2 days. The day value on the oscilators vary depending on short term versus mid term etc. My problem is that they don't always trigger as the idea is to get in on the best probability trades but this also means I can not use them as exit signals since they often miss the top. I have been trying to use trailing stops but they seem to get taken out too often and if I back them off too much, then they don't catch the rare bad trade and the auto system check loses the bank roll where as in reality, a person would exit at a pain point. Example it held a short for an entire up move that was obvious and didn't exit until the equity was drawn way down losing all the gains of the last 20 trades which were substantial. I guess I am just dumb when it comes to using the back tester.

Good Luck and thanks for the input.

Lee
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