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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (13995)	9/20/2001 12:13:16 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

May I suggest that we wait until AH to discuss trading systems? Not trying to be heavy-handed here, but we can use all the keen eyes here today to concentrate on trading.

To: Jack of All Trades who wrote (13995)	9/20/2001 12:22:01 PM
From: fut_trade	Respond to of 209892

"I can't see why you would back test a 1min time frame for 20 years worth of data, things change." Mine is a longer term system like you suggested earlier. The 1 minute data is my tick data feed used for testing. I can derive longer bars from the test feed. Most people use 5 minute data for testing, but the bars are wide enough that sometimes one doesn't know if a profit was taken or the trade was stopped out first. I want to be as rigorous as possible and I assume the worst case - that a trade was stopped out for a loss before any possible profit trigger. "I'll say one thing about my system is that I only use fib numbers..." I look for price break-outs or break-out failures. No fib, Bollinger Bands, Stochastics, DeMark junk. "When your trading system gives you an entry what min are you expecting to take with a 4pt stop?" I'm not sure I understand the question. A stop is placed at a fixed price level and trades are closed out at the end of day if not stopped out.