A profitable system that is durable and robust, by Linda Rashcke - Commodities Futures Trading | futures io social day trading
futures io futures trading


A profitable system that is durable and robust, by Linda Rashcke
Updated: Views / Replies:1,633 / 7
Created: by xplorer Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

A profitable system that is durable and robust, by Linda Rashcke

  #1 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,054 since Sep 2015
Thanks: 6,575 given, 4,825 received
Forum Reputation: Legendary

A profitable system that is durable and robust, by Linda Rashcke

I've come across the following PowerPoint set of slides on Linda Rashcke's website.

http://www.lbrgroup.com/images/Linda%20Paris%20on%20Trade%20Management/TradeManagement.ppt

It describes a system that she calls "A profitable system that is durable and robust based off random entries".

The rationale of the system is basically entering at random (long in an uptrend and short in a downtrend) with certain stops and target criteria - resulting in a profitable system.


It sounds interesting and something I'd like to consider for me in the future.


Has anyone tried it?


Last edited by xplorer; February 20th, 2016 at 07:48 AM.
Reply With Quote
The following 2 users say Thank You to xplorer for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,420 received


when I click on the link I have that and I don't like it ?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Reply With Quote
 
  #4 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,054 since Sep 2015
Thanks: 6,575 given, 4,825 received
Forum Reputation: Legendary


Okina View Post
when I click on the link I have that and I don't like it ?

The website apparently has a problem with the https certificate.

Anyway, I have updated the link in the original post. If you try it now you should not get that error anymore.

Reply With Quote
 
  #5 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 401 since Apr 2015
Thanks: 894 given, 486 received


xplorer View Post
It describes a system that she calls "A profitable system that is durable and robust based off random entries".

That's what she describes as what she's seeking, anyway.

They're not really "random entries", if you read the detail.

The ideas behind the methods presented there are still probably far too random in their outcomes to be of much value to independent traders. When they're successful, they're successful only over a percentage of markets in any given year.

Many of her subsidiary points (e.g. trailing stops making performance deteriorate, overall) are clearly both right and provable, though.

Reply With Quote
 
  #6 (permalink)
Trading Apprentice
Carmel, Indiana
 
Futures Experience: Advanced
Platform: TOS
Favorite Futures: ES
 
Posts: 13 since Feb 2016
Thanks: 0 given, 2 received

Interesting....thanks for the link...other good stuff on her site as well...

Reply With Quote
 
  #7 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,054 since Sep 2015
Thanks: 6,575 given, 4,825 received
Forum Reputation: Legendary


Tymbeline View Post
That's what she describes as what she's seeking, anyway.

They're not really "random entries", if you read the detail.

The ideas behind the methods presented there are still probably far too random in their outcomes to be of much value to independent traders. When they're successful, they're successful only over a percentage of markets in any given year.

Many of her subsidiary points (e.g. trailing stops making performance deteriorate, overall) are clearly both right and provable, though.

Well, they are random in that you don't wait to be in a general area of support/resistance, or wait for a retracement... you simply enter the market at random but with the idea of going with the general trend.

As for the success rate, the slides state

This system was run 100 times on each market with randomly generated trade entries each time. The time period tested was from 1995 to 2005 on 22 domestic futures markets that included currencies, bonds, index futures, metals, agricultural products, and softs.

In the next slide it is further stated

The system was profitable between 92 – 100% of the time on all markets with the exception of live cows and hogs, (which tend not to trend for extended periods of time), as well as silver and natural gas – (probably due to its extreme spiky nature in recent years). All index futures were profitable 100% of the time over 100 randomly generated runs over 10 years of daily data!

Reply With Quote
The following 2 users say Thank You to xplorer for this post:
 
  #8 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,238 since Dec 2010
Thanks: 1,165 given, 1,754 received
Forum Reputation: Legendary

slide 8

I think that this slide covers her key message - its all about the exit ( for this experiment she ran), which she cautions as "not the way to trade". I like Linda as she uses some of the techniques I relate to such as chart patterns.

---
"the larger the target the lower the percentage win rate."
This would definitely be true if the target range to stop range is increased.

Of course a systems profitability is not just a measure of win rate.

With multiple targets and multiple contracts a system can be tailored to reduce contracts can lessor targets (getting a higher win rate on smaller amounts for these)
and on condition set x
with a smaller percentage of contracts use the larger targets - probability moving the stop to BE on these


Condition set x could include
Target 1 is met
ADR has increased
Mom has increased
no S/R is blocking
and
placement in H-L range is not > 80% (uptrend) <20% downtrend

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Keep your mind in the future, in the now.
Reply With Quote
The following user says Thank You to aquarian1 for this post:

Reply



futures io > > > > A profitable system that is durable and robust, by Linda Rashcke

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Most robust automation platform? Blaze182 Platforms and Indicators 7 December 25th, 2015 07:05 AM
Most Robust and Profitable Trading Strategies? fiverr Traders Hideout 22 October 19th, 2015 04:54 PM
Profitable sim/market replay = profitable live? nourozi NinjaTrader 7 January 20th, 2014 11:03 AM
Multicharts & Automatic Trading System Profitable bomberone1 Elite EasyLanguage Automated Trading 8 February 23rd, 2012 01:17 PM


All times are GMT -4. The time now is 02:12 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.14 seconds with 20 queries on phoenix via your IP 54.82.56.95