If someone created it do you think for a second that they would divulge it? Let alone put it out on a public forum like we have here at futures.io (formerly BMT) albeit the elite area? I think not however I am curious to know what other traders say about it.
The little thing I have going is good for 1000 maybe 1500 a day in 3 trades provided I can stick to STOPPING when I reach my daily goal. Does that happen always? Can it work IRM in the live market on 10 cars? Perhaps however it would take an account size of $100k or even more to trade for 1000 to 1500 a day realistically. UNREALISTICALLY I am sure some traders MAY be doing it on less. This is one reason why I think sim can be a set up for failure as well as success.
Now 100 to 150? on my account? NOW? EVERYDAY pretty much. Still gotta STOP though!
expect that the perfect system applied by ten different traders would get ten different results. Everyone except a very small minority will immediately apply their hallucination to the idea...guys will start changing things to suit their own bias immediately.
The value in a widespread usage of a solid idea is that smart guys will study how other participants generally respond...say for example to a critical price level...and they will exploit that as edge.
Hence there is no perfect save tat which is perfectly used by you as an individual.
I urge you to exploit that which is working for you the best way you can.
The following user says Thank You to wldman for this post:
What I am using right now I have cobbled together form several different methods I really liked and tweaked and massaged and made what I have now. I did put it up and if it can help someone else so be it. The market is there evvvvvery day waiting for us. RIGHT?
Search, use existing threads instead of creating new ones.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following user says Thank You to Big Mike for this post: