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1. The floor pivot levels aka MAJOR Support / Resistance levels WORK 95% of the time for me. How? Example: If price breaks Support level 1 going short, it WILL go to test Support level 2, where my exit / stop be placed and trailed until Support level 2 going short. If it breaks Resistance level 2 going long, it WILL go to test Resistance level 3 and my exit / stop be placed and trailed until Resistance level 2 going long.
2. The EMAs I use for shorter movements / scalping, STILL work to this day acting as a strong support / resistance, hence thereby, acting as a moving / dynamic support / resistance. I EXACTLY know how the price will behave once it tells me the EMA there has started to act as a support / resistance when the price is not breaking those lines AKA telling me when to enter and when to stay away / not enter my trades.
These are based on years of experience and observation. And therefore, very safe to say they do help me getting green everyday. Of course, there are red days like ANY other business out there (even Amazon), but it depends on you when to close your losers to stay in the game.
I think you've overstated your case. Many of the people who have read and commented on your thread are making money using things other than what you mention, including some of the things you are sure "DOESN'T" work.
Many things work, actually. If you haven't found that some do, that's understandable because how they are used in different hands sometimes makes all the difference. Many things don't work also.
But after reading trading journals here for some years now, I have been surprised again and again by what can work, in the proper hands. Just eyeballing a chart and drawing a few lines and levels can work well and consistently for some. How you understand what is going on in the market is more important than the specific tools you use to trade it. Their value is actually secondary to your understanding.
If you've found something that works well for you, then power to you and I hope you have success with it. But you can't draw absolute conclusions for everyone. You can only know your own experience, after all.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Some statement of intent like this is what I have been looking for. So long as there is no intent to market this to the members here, you are welcome to discuss or display or do anything else with your system on the forum.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
It is quite interesting that someone claims Support / Resistance work 95% of time. Everyone sees it different, but most of the time there is no any support neither resistance.
Show me your chart for the same period that I showed mine, display your trades based on your S/R and EMA methodology, then we can talk about it further. But this might be a problem for you, because S/R only works after the fact.
I will refer to my previous post about characteristics of the market. Please read it carefully.
Market is non - Gaussian, non - linear process. S/R, EMA is constructed used linear algebra, therefore it DOESN'T give you any kind of edge in the market. This is a fact, if you believe otherwise, you might as well believe in unicorns.
Sure I can provide my charts and the levels within them, but let me ask you this which I should have asked you already:
With your title 'I have developed a holy grail', are you saying you have succeeded in creating something which works ONE HUNDRED PERCENT FLAWLESSLY? Because the word holy grail means EXACTLY THAT.
Be careful making claims like this when you may not know what you are talking about. I am sure you have done your research on what works or doesn't work for you, but you must know that these things do work for others. You have had a rough time pitching the idea already, then you claim everything that everyone here is doing is wrong. It will spiral from here unless you change your approach.
We cannot really comment on the system unless we know more about it. You don't seem interested in that, and I don't blame you at all. If I could produce that equity curve consistently across multiple markets I would be trading it full time and no one would know anything about it.
It sounds like you don't have the funds or the time to trade it. I don't know how intensive it is to parse the data but if you can fully automate it I would suggest running it on a micro contract and let it run unattended. Sounds like you can comfortably trade it on margin plus 1200 or so drawdown potential.
It may be a good idea to start the system on a drawdown, I did this with my futures system and it worked flawlessly. Just gives you more of a chance of not getting wiped with low capital in the beginning.
As far as this forum is concerned, I suggest starting a trading journal solely to hold yourself accountable for the trades and the system. Post updates as often as you need to stay accountable. Share as much or as little as you like.
It sounds like this thread is a waste of all of our time though as you don't plan to trade it or share anything about it, then bash what everyone else is doing. There is nothing to talk about. Good luck with your system, looking forward to hearing your success story!
FYI, this is my system on NQ (I don't trade YM) over the same time period trading 5 contracts doing all of the things you say do not work. From the red dot are real time trades. Not saying mine is better than yours just saying don't make sweeping statements that "linear algebra doesn't work".
I know there are many others on the site that can show the same.
So everyone else is wrong, even though you don't know them or how they trade, and no one can make money in the markets but you, even though you don't trade your system and you don't make money with it.
I do hope you are successful when you start trading, as I hope everyone is. And for all I know, you could be more right than everyone else. But you are not the only one who is right, and all others are not always completely wrong. And some of them trade, even.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I'm not sure if you read my posts, seems you just wanted to know if I will try to sell my system here. If you find me selling system here, ban me.
Regarding your comments on stuff I shared, you didn't make any logical assumptions based on anything, just "I believe that, I believe this", no one cares what you believe. The so called assumptions I made on market characteristics, it's not something I assumed whether, it is confirmed fact, please google it if you don't believe me.
Here is study about non - stationarity and stationarity of market. Beside this one, you have dozen studies on the same topic.
shorturl.at/pqzDJ
The forecasts based on our nonstationary unconditional modeling were found to be superior to those obtained in a
stationary long-memory framework and to those based on a stationary
Garch(1,1) data-generating process
Where on earth did you read that I don't trade at all? I said I don't have enough capital to trade comfortably with low drawdowns, but I've traded with prop firms, and mentioned reason why I didn't continue.
