As good as Perry's rules are and how well he does with them, my observation is that they are still discretionary. You can't make a mechanical system out of them as they are nor do I think Perry intended them to be. Perry may have something to say about this but I just don't see how you can take every signal and be profitable. Assuming I coded the rules correctly, take a look at the PerryStrat and you'll see what I mean. Bottom line is that we still have to know the market we are trading in and pick the times that are best for trading. I think that's just a fact of our trading lives. Perry is gracious enough to share his rules with us but we have to figure out how and when to use them.
Please notice in my previous post that I made the changes in the PerryStrat so it will run in nt7.
The following 2 users say Thank You to MWinfrey for this post:
Perry stated several times in past posts that this system is intended to take MANUALLY and by all means not automatically. Like I posted before I myself combine the Perry system with other common traders sense.
I backtested your strategy on the instruments I trade on and none of them was profitable. I would never run Perry's system automated. There are other systems better for it (Hurley ?)
Last edited by MetalTrade; October 10th, 2010 at 07:52 AM.
I should've know I wouldn't get away with not posting the DMPlusSignals separately. How's that for a wonderful use of a double negative. Anyway, here there are. I actually think this indicator is pretty useful. You minimize the loss of braincells trying to evaluate entries and as I get older I find I need those braincells.
Anyway, here they are.
The following 5 users say Thank You to MWinfrey for this post:
I suggest re-posting your stuff there, and please ask and answer all questions related to automation in that thread.
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.
If you want to support our community, become an Elite Member.