Hi guys, anybody have any performance stats or just general feedback on how long they've been using Perry's method 1 and an idea of how consistently profitable it's been? Unfortunately, awhile back, my first 2 days using it were incredible...on 3 contracts I did $2,000 day 1 and like $1300 the next day...but since then it has been tough. Often I find myself saying, ok, I'm going to STRICTLY stick to Range 4 and 8, all conditions lining up, and ONLY take those trades. But even then I find it tough > example of globex hours stop out > TechSmith | Screencast.com, online video sharing, 2010-10-18_1933 I love the method and all that Perry has done, just want to know if I can hang my hat on it. I am not criticizing the system, just looking for some confirmation. Any feedback appreciated. Thanks!
Bottom line is that you can't take every signal. It just doesn't work like that. Perry's rules do not translate to a mechanical system. I know I didn't directly answer your question about performance stats. Just thought I'd mention that because it seems that some people have a misconception about what rules do for the trader. Regardless whether you use Perry's rules or anyone elses, you should apply a bit of discretion about whether a signal is high probability or not and then beyond that, as Sharky has said many times, it's what you do with the trade after you enter. Sorry, I got started and couldn't stop. Hopefully, I didn't offend or misrepresent anything that Perry or Sharky has offered.
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That's like jumping off the Empire State building to test if gravity is valid. If it can't be proved and documented, discretion is voodoo.
I'll put any of my ATS against a discretionary method. Especially those futures.io (formerly BMT) newly popular, so-called "real world" techniques that are fuzzy and nebulous at best; in fact, I welcome those the most.
For the sake of disclosure, I spoke at length with perry to ascertain if his method could be automated. And despite his belief it was rule based, I recognized it had an element of discretion and therefore could not be coded. Kudos to perry to trade profitably.
There are many long term profitable ATS on Collective2 that "work." If you haven't already done so, check out the site.
I could post live cash trades all day, but what good would that serve? I'm not going to publish the code for preservation reasons. Despite the conventional wisdom of trading communities such as futures.io (formerly BMT), trading is the essence of survival of the fittest (or the one with the biggest bankroll.) We are all competing against each other.
Last edited by Zoethecus; October 18th, 2010 at 11:22 PM.
I apologize but bear in mind if someone asks a question, we may not remember where we are at the time. There was nothing deliberate in starting the ATS conversation again. So, please realize that as long as there is a thread where someone is sharing their rules, there WILL be conversation about automating those rules. That's inevitable. So, please take action you see as appropriate but don't degrade us because we have violated those rules. It was a mistake. Also, if you're the one who is to police that thread then maybe you should just get used to the fact that it will unintentionally happen again.
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why dont you just go on and make your bank acount fat and leave us alone we are here to help others zoe, since your "awsome" ats is so great and you not here to share the code then please please piss off and go bother someone elses website or go play golf or go spend your millions at the mall shit man or give it to some poor kids in southamerica,i got a better idea why dont you go to south america and help the poor kids out yourself,do you really think anyone has any respect for you zoe come on you cant be that stupid or maybe you can,really im saying this from the bottem of my heart because everyone here is to kind to say this to you so i will please go,go away mad or happy go away to mars or the moon we dont care just please go away..peace
KILLING THE MARKETS DAILY
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