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

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To: Tom Trader who wrote (11904)	1/6/1999 3:25:00 PM
From: Stoctrash	Read Replies (1) of 44573

<<I see that you've become a systems trader -- and are exhorting all to follow their signals. Great advice because it's the easiest way to making money. I was telling someone in a pm that it is rare to find a good intuitive trader -- Patrick is one of the few who is able to do that successfully. The acid test for a systems trader is to continue to take signals when one has losing trades -- after all anyone can follow a system when the signals make money.>> We got 1/2 Long yesterday via the PSTOPS & other stuff ....so I'm half way home :-) BTW...I sent this to Scott privately, but I think it is interesting. I asked about Pstops and I got this response: "Some comments on the Parabolic Stop: A study was done by either 'Stocks & Commodities Magazine' or 'Futures Magazine' (I can't remember which), a few years back. They ran tests on all the popular Technical analysis studies using different criteria. They concluded that the Parabolic Stop was the best all-around most profitable study (I'm not sure what all their criteria was however). The Parabolic Stop does not work well when the markets are moving side-ways. As a matter of fact you get whipped-sawed like crazy. However, in the long run it will get you into trends and make a lot of money if you have your Parameters set correctly for the particular market (not too tight). If you can use other studies to identify when a market is going into a consolidation (like the ADX study) and not get whipped, then you are turning up the odds. XXXXXX XXXXXX Software

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