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Originally Posted by Jyde
To be honest, it did my head in.
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Well, it's an unusual and amusing reaction to BG's thread, I must say ... but I imagine actually that she would be the first to see the funny side of it.
I know exactly what you mean, in a sense. BG is indeed a gifted trader, as those of us who have encountered her in the chatroom repeatedly can attest to.
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Originally Posted by Jyde
I also think in order to get the hang of the discretionary side, one have to start from a simpler beginning and gradually work in the more complex filters and decisions.
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I don't disagree. The people I actually feel sorry for are all the ones trying to "code" and even "automate" the BG system; IMHO this is a huge mistake and they are destined for disappointment. (I suspect, even, that BG might agree with this viewpoint but she is doubtless far too polite to say so and in any case I shouldn't put words in her mouth).
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Originally Posted by Jyde
What I was wondering was if anyone has tried to implement - maybe only in testing - this system, though perhaps with other parameters, so to get the same realiability, though of course for smaller profits - and thus exposures - on a smaller timeframe.
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Yes, I see what you mean. Well, speaking for myself, I tried something very similar on a 3-hour timescale (now you will tell me, very reasonably, that that's not much shorter!) a couple of years ago and I couldn't make it work. But I did not have sr2's PSAR crossing idea.
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Originally Posted by Jyde
It seems worthwhile. Also, since this is a very objective system, maybe it is possible to do a backtesting write-up for eSignal (what I use)... I shall have a ponder.
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Indeed. Mechanical rather than discretionary; but at the moment in need of "exit management". I think we're all agreed about this(?). And that's partly my fault because I keep promising to explain ATR properly here and make some ATR-orientated suggestions for exit-management (of which I do have experience), and things keep getting in the way of that. But I'm planning to do so on Sunday!