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Old 04-13-2008, 07:14 PM
jet jet is offline
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Join Date: Jun 2006
Posts: 160
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Hey Simba,

I am not criticizing at all. My hat goes off to you for standing up to your learning.

I think you are definitely going in the right direction when it comes to looking for indicators with as little lag as possible, as well as concentrating on price action signals.

In my experience any indicators that lag quite a bit are not very useful.

A note of concern: Since you are using digital filters, I read that you do redo the coefficients every week. Be careful. Usually if you have to do that, it means that you are optimizing (over optimizing) and most of the time that spells trouble. It is very easy to get hypnotized with very nice smooth optimized charts and think you have something good going...(one big reason I don't like indicators with many degrees of freedom).

Last comment: You may want to trade your demos the way you would trade your live account money management wise. You've made very few trades but are up 50%. That means you are over leveraging and that gives you wrong impressions about your systems and perhaps makes you over confident when it comes to real money.
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