1. Know that all your tools are reliable: your data, your trading platform, etc. 2. Always be aware of where the theoretical world diverges from the real one. Know with each step that you’re not “cheating”—knowing something you couldn’t access in the real world. Trade Station won’t let you pollute today’s data with something from
Author: Art thoughts
My Interview Cam Hawkins Of 52 Traders
73: Art Collins – Mechanical Trader on 30 Years of Success After Larry Williams Lecture Hit the above link. I’m rather proud of this interview. In it I give away the basics of my most successful system
Cups Caps from Beating The Financial Futures Market
Overnight Cups Caps–1982-2005 (from the Cups/Caps Chapter– Beating The Financial Futures Market) NET PRFT # TRDS % PRFT PRFT/TRD MAX DD ROA S&P (FULL) $35,587 708 53.39% $50.26 $35,825 99.34 NASD (FULL) $18,835 294 52.72% $64.06 $40,985 45.96 RUSSELL (FULL) $26,850 425 47.29% $63.18 $22,725 118.2 DOW (FULL) $1,210 280
My Interview with BetterSystemTrader.com
Click in the following window to hear the interview described below Andrew Swanscott’s archives include interviews with some of the most renowned and respected people in the trading industry. I’m honored to behttps://www.youtube.com/watch?v=t_tkMkA6IEk&t=1s included. Art ——————- I’m excited to share this one with you today. For a number of reasons. Firstly, I’ve been trying
Can Performance Be Improved By Cutting Back After Large Winning Or Losing Periods?
Can trading be improved by cutting back or stepping aside following unusually profitable periods? This is in line with the theory that any account that performs unusually well (or poorly) is sure to revert to its normal mean. It’s a seductive notion, but like many similar ideas that seem like they’d have to work, it
Best Bet–Hold Your Profitable Day Trade Into The Close
The trades that “feel” the best will almost inevitably lose money. There is such a dichotomy between trades we’d like to make and trades we should make that you’d think a contrarian system could be made out of it. I haven’t found a way to do it which might have something to do with the
Combining Simple Biases Into Powerful Money Making Strategies
The above table shows the results of a moronically simple mechanical trading system. It’s taken off daily charts, day sessions only. Every trade involves entering a long or short at the 8:30 Central Time regular session open, and exiting at the 3:15 p.m. close. You get one signal per market nearly every day. The field
Tight stops?/ Loose stops?
Tight stops, loose stops. Which tend to be preferable? I published a recent article that showed how even very close stops can sometimes improve system performance to surprising degrees. That strategy means betting more on the relative anomaly than on everyday market behavior. Your percent profit figure will decrease since quick losses will be
BEFORE YOU TRADE YOUR MECHANICAL SYSTEM—A CHECKLIST
You believe you’ve done the necessary work in creating a mechanical trading system. Your results look good. You’re determined to follow your rules without question or deviation. Still, there’s a nagging feeling in the corner of your mind. Can I really trust my creation or did I miss something? And how would I know if
Welcome to Bids & Offers
I will be sharing a new take on my favorite obsession – markets. New posts will be available every Sunday.