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Author Topic: NetPicks Live Signal Service - Trading Room/Signals  (Read 12080 times)

Offline adele

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #15 on: August 08, 2011, 05:05:49 PM »
Send them an email to request for cancellation and make sure you get a cancellation confirmation from them. Usually if the vendor confirms that your subscription is cancelled (make sure you give them enough time to do it), then it should really be cancelled. If the charge still appears on your credit card statement later on, you can use the cancellation confirmation from the vendor to support your claim with the credit card company to reverse the charges on the credit card.

But if you really want to be sure, then call your credit card company before the charge is due and ask them if you can either 1) block charges from a specified merchant (the problem here is you need to know the merchant name, or 2) freeze the credit card for a certain period (no merchant can charge anything to your card until the period is over; you won't be able to use it either until the time is up).

Offline tjnoon

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #16 on: August 09, 2011, 06:27:00 PM »
If you try the trial and want cancel, all you have to do is send an email to info@netpicks.com and request to cancel.  If you do get billed again, they are very good at refunding.  It's really no big deal.

We have had an amazing week though, since my last post to this thread.  The Russell eMini gained over 35 points last week.  We are off to a rip roaring start this week too.  In fact today, the Russell had another double digit gaining session.  I realize that the Russell isn't forex.  But it is an excellent market to trade.  As far as I'm concerned, I want to be in the most profitable and easy to trade markets I can be in.  Buyers.. Sellers.. Just bars on a chart.

I copied some of the comments that were posted in the chat box from today's session.  Check it out..  (By the way, you'll see reference to 'poq.'  Poq is our dynamic goal setting strategy.  It actually stands for the 'power of quitting' which may or may not be a weird concept for some of you but to us, it is critical to our ongoing success.)

09:29 am] brandon shoemaker: nice work!


[09:30 am] Mike Koller: This is fun.  You guys make money way to easily,
Troy.

[09:30 am] Richard Butnik: I'm way positive! I didn't take the GBOB after
first win. I didn't want to risk winning after such a good trade


[09:30 am] Roger  LA: Good morning TJ, glad to know you're OK.


[09:31 am] Mike Koller: What the heck am I supposed to do for rest of day,
now?

[09:31 am] Arnie DeBlank: spend the $$$ you made

[09:31 am] Mike Koller: lol tks Arnie

[09:46 am] Steve Sanford: Get In, Get Out, Get Done, Go Play----POQ 2
contracts /TF  157 ticks

10:10 am] CF Trader: I guess I got in too late.  First day here and it
sounds like you are pretty much done.  Sounds like good wins though.
Looking forward to tomorrow.

[10:33 am] joe talerico: TJ, the belief system was the hardest part for me.
i watched the SST win day after day and still thought I knew better. then i
got out of the way, now i'm laughing all the way to the bank. thanks SST!!!!

[10:38 am] Roger  LA: TJ. your advice is always on target.   See you, Will,
or Ron on Thursday.

[10:53 am] Pamela Blymyer: POQ thanks to wheat again

[11:15 am] brandon shoemaker: thanks for offering this room to learn from
you guys

[11:22 am] John M: With all that in mind, how do you reconcile a person just
subscribing to the Trade Signals and putting trades on?


[11:25 am] John M: Just sorting out "taking ownership" of a system vs. just
subscribing to a signal service. In the end, they both take discipliine on
my part.

[11:26 am] brandon shoemaker: its a pretty incredible opportunity to maybe
even make some of the costs for the purchase from the room signals

11:33 am] joe talerico: bye all. thanks TJ
[11:33 am] Yuliana K: thanks, TJ
[11:33 am] Guido Van Hootegem: Bye TJ
[11:33 am] John M: See ya
[11:33 am] marc  c: Thanks TJ
[11:33 am] jesus -: see you thursday amigo


Offline tjnoon

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #17 on: August 11, 2011, 02:08:04 AM »
Thought you might like to see some of the trades we were taking in the live traderoom over the past few days.  Today we took two forex trades and gained over +250 pips.  We shorted the EURJPY for +98 pips using our two position approach.  We also shorted the EURUSD and gained an astounding +162 pips. 

I'm going to try to attach some screen shots but in case I can't figure it out, here's a link to my current blog post, highlighting the trades.  You'll also get a peak at our Monday and Tuesday sessions of the Russell eMini where we went 4 for 4 (2 wins and done each day) and gained over +28 points, at $100 per point.  Our Wheat Futures tradeplan also won its 18th session in a row, with hardly a losing trade in nearly 3 weeks.  All, with no repainting!  ;)
« Last Edit: August 11, 2011, 05:15:59 AM by DamBuster »

Offline jgadefelth

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #18 on: August 11, 2011, 09:20:40 AM »
Thought you might like to see some of the trades we were taking in the live traderoom over the past few days.  Today we took two forex trades and gained over +250 pips.  We shorted the EURJPY for +98 pips using our two position approach.  We also shorted the EURUSD and gained an astounding +162 pips. 

I'm going to try to attach some screen shots but in case I can't figure it out, here's a link to my current blog post, highlighting the trades.  You'll also get a peak at our Monday and Tuesday sessions of the Russell eMini where we went 4 for 4 (2 wins and done each day) and gained over +28 points, at $100 per point.  Our Wheat Futures tradeplan also won its 18th session in a row, with hardly a losing trade in nearly 3 weeks.  All, with no repainting!  ;)



Hi  when i look at the pictures it looks llike you split your position   take the first half off at 15- 20 pips and then let the other one run.  So the true pipcount will be devided in 2 ?  Still verry good trades.

also do you know of any good broker if i dont use  tradestation ?



best regards

Offline tjnoon

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #19 on: August 19, 2011, 04:10:08 PM »
That's right jgadefelth, we do approach each trade with two positions.  One goes to a dynamically calculated fixed target.  The other uses the trailing stop techniques that we teach and that comes hard wired into the proprietary indicators we use.  We count the pips indepently for each position.

As far as brokers go, I like Oanda.  Have you looked into them?

Offline jgadefelth

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #20 on: August 19, 2011, 04:15:30 PM »
Yes i have oanda and i really like them, but did not know they offer more than forex trading.  Can you tell us the result for this week   and maybe even split down to the days please ?



best regards

Offline 6y588

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #21 on: August 24, 2011, 02:45:43 PM »
Hi

I have been using the Netpicks Live Signal Service (Trading Room) during the last 3 days. After much thought and discernment, I do not think I would continue using their service. There are several reasons:

Let me share a bit of background on how the trial went. The screen shows a Tradestation running the SST system, which is a semi-automatic trading tool, ie the buy/sell signals are generated automatically but the trades (plus SL and TP) are executed manually. Also, there are TP/SL levels indicated on the chart. Hence, you have to be physically in front of the computer (unlike an automated system) to trade. Personally I prefer to let the robots trade for me.

The signal seems to be similar to the use of moving averages and bollinger band indicator. There is a channel that appears together with the price, this could be similar to the upper and lower limit of the bollinger band. There is also a center line which could be the 50% line of a bollinger band. A buy signal is generated when the price trends upward, this is similar to a Fast MA crossing up a Slow MA, while a sell signal is generated when the price trends downward, ie. a Fast MA cuts a Slow MA downwards. Also, the timeframe used (for the Forex) are relatively short, ie. 5 mins. Personally, I prefer using a higher time frame as I do not like to trade for small pips.

Disclaimer: I am only expressing my opinion and I am not discussing whether the system is good or bad. While it may not suit my trading style, there may be others who may prefer to use it.

Regards
6y588

Offline jgadefelth

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #22 on: August 24, 2011, 04:01:13 PM »
Hi

I have been using the Netpicks Live Signal Service (Trading Room) during the last 3 days. After much thought and discernment, I do not think I would continue using their service. There are several reasons:

Let me share a bit of background on how the trial went. The screen shows a Tradestation running the SST system, which is a semi-automatic trading tool, ie the buy/sell signals are generated automatically but the trades (plus SL and TP) are executed manually. Also, there are TP/SL levels indicated on the chart. Hence, you have to be physically in front of the computer (unlike an automated system) to trade. Personally I prefer to let the robots trade for me.

The signal seems to be similar to the use of moving averages and bollinger band indicator. There is a channel that appears together with the price, this could be similar to the upper and lower limit of the bollinger band. There is also a center line which could be the 50% line of a bollinger band. A buy signal is generated when the price trends upward, this is similar to a Fast MA crossing up a Slow MA, while a sell signal is generated when the price trends downward, ie. a Fast MA cuts a Slow MA downwards. Also, the timeframe used (for the Forex) are relatively short, ie. 5 mins. Personally, I prefer using a higher time frame as I do not like to trade for small pips.

Disclaimer: I am only expressing my opinion and I am not discussing whether the system is good or bad. While it may not suit my trading style, there may be others who may prefer to use it.

Regards
6y588


Thanks for your review.


Did you make any pips  on your 3 days if so how mutch ?   Did your trades and pipcount match with them the room provider ? 


best regards

Offline 6y588

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NetPicks Live Signal Service - Trading Room/Signals
« Reply #23 on: August 24, 2011, 05:23:04 PM »
For the first day I did not trade as there was too much information to absorb.
For the second day, I followed 1-2 trades but at different entry and exit prices. My execution was dismally slow and painful with manual entries/exits and SLs/TPs. I could only get less than half the profits of the instructor.
For the third day, I opened two long trades same as instructor only to get two stop losses. The instructor then went short on the same pairs. It felt like a Martingale so I left the room early.
Overall, down a couple of pips (it is like tuition fee).

Offline tjnoon

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #24 on: September 03, 2011, 11:50:35 PM »
First I want to thank 6y588 for trying our live traderoom.  His assessment of how we are trading is entirely inaccurate though.  The SST trade system does not use moving avgs or bollinger bands.  Nor is it a martingale system although it will stop and reverse positions at times.  I think 6y588 didn't take the time to really try to learn what we are doing.  There is much that can be read and researched regarding the SST System that would put a 'newbie' in a better position to grasp what we are doing.  Also, it is based on a very specific philosophy.  Perhaps I will post what that is, in case anyone is curious.  Please don't get me wrong.  I completely respect his opinion and understand that our style of trading is not for everyone but he completely missed the mark as to what our style of trading is and as to what our overall perspective is.

We definately require manual trading and don't believe in robots. We feel we can far outperform them.  Whether we do or not, our record is solid and we believe it is better to really know how to trade, which is what we teach along with providing good trade calls. 

Each trade is actually a part of a very tight and concise tradeplan that has been proven to give us a real 'edge' in the market.  We make our money as we trade our tradeplan over time.  We do experience losing trades.  Who doesn't?  That is a part of trading.  The important thing is to grow the equity curve despite the losing trades.  In other words, MORE profitable trades.  We treat our trading as a business and are very businesslike with our approach.


We just finished our first month as a signal service.  The results were posted on the blog.  Here are the summaries:

These results reflect the typical two position approach we use with the SST.  Forex trades have estimated spread costs already taken out.  Futures are just gross point totals and have not deducted commission or slippage.

EURUSD; +960 pips; (+1039 if we also count our first day, which was the last day of July)

EURJPY; + 382 pips

Russell eMini; + 80.9 points; $8,090

Crude Oil Futures; + 11.33; $11,330

Wheat Futures; + 120.5 points; $6,025

One month's trading. Not bad for a couple hours a day, right?  I'd love to see a robot that could have done that.  I'd buy it tomorrow!   But if you could learn to manually trade for profits like this, with only a few trades per day, that would be a good thing too, no?  Keep in mind, we pulled this off during the Dawg Days of August.  This does not include obviously, the stock and etf/option swingtrades that were presented as well, which were also highly profitable.  For example, a recent long in AMZN with Sep 190 calls was closed out three days later for an 83% gain.  I'm sure there are others who have done better.  But I feel real good about the results we achieved and anyone who took the time to learn what we are doing and how to trade the method, and then had the capital and discipline (like a business) to take the trades, would be pretty happy right now, too!

I believe our live traderoom and perhaps moreso, the SST, are the best kept secrets out there right now.  But you really need to give it the necessary time to not only absorb what we are doing, but to gain a broader perspective so that you can be in the best position to decide if you want to commit to learning it.  Best of all, it's quite easy to learn but does require attention, like anything else that is worthwhile.  This method can be learned in a matter of hours and then it is all about repetition and practice.  The live traderoom is an excellent way to get that very practice.

For more information on the SST in general, please feel free to visit its blog:  www.SevenSummitsTrader.com.  There is over a year's worth of material posted on that blog and if you take the time to browse through it, you will get a much broader perspective on just how highly effective and profitable the SST is.   
« Last Edit: September 04, 2011, 12:07:34 AM by tjnoon »

Offline tjnoon

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #25 on: September 03, 2011, 11:54:38 PM »
Since the SST is the strategy we are using in our live traderoom, I thought I would take the time to write a brief description of what the SST is, for those who are curious or who would like more information. I am the author of the trade strategy that I co-developed with NetPicks and which then later became known as the SST.

The Seven Summits Trader (SST) was named after what we believe to be the seven keys to successful trading. Moreover, each continent on Earth has its highest mountain range, or summit and only the best of the best has ever scaled all seven. So with that in mind, we gain an additional benefit -- inspiration. Succeeding as a trader is one of the hardest things to achieve as well, and only becoming the best of the best will suffice if one truly hopes to conquer trading. By incorporating the seven keys (summits) to successful trading, you can put yourself in the best position to succeed. At least, that is my opinion and is what the SST Trading System philosophy is all about. In brief, the seven summits are:

1. The ability to trade multiple markets and timeframes with one system. This eliminates the need to continually learn new trade strategies as markets change. One effective strategy to learn and use for a lifetime. Markets change all the time. Many of the markets we were prospering with back in 1999 and 2000 for example (dot.com stocks), no longer exist today. In those days, no one even knew what an eMini was!

2. Dynamic Trade Setups; market conditions change moment to moment. The SST constantly 'tunes' itself in real time, and presents trade setups that are tuned to the current market condition. It calculates a fixed target with the highest liklihood of being reached, while also placing the stop where it needs to be for the trade to have the space it needs to develop. Then it dynamically reduces risk and seeks to put us into a risk free position as quickly as deemed possible by its 'self tuning.' This lets us take what the market wants to give us rather than what we want from the market. The SST operates under the assumption that the market is king and that we need to be in tune with it.

3. The Ability to Scale and Trail; The SST lets us scale in and out of positions. It also incorporates very effective trailing stop techniques that are built right into the SST Toolset. Not only do we get the benefit of pretuned high percentage fixed targets to hit those steady singles and doubles, but we also have the chance to hit the big homerun trade with the trailing aspects of the strategy.

4. Precise Tradeplans; A system is only as good as the rules that are applied to it, and the ability to trade it with 'ownership' and 'discipline.' Markets are 24 hours per day but that doesn't mean we should be trading 24 hours. Trading should be a means to and end, not the end itself. We want to trade to make money, so that we can have freedom and a better life. SST Tradeplans are designed to have you trading during the best times, dynamic goal setting strategies that once again, allow us to take what the market wants to give us vs. what we want from the market, AND, a winning edge. You've heard the adage, plan the trade and then, trade the plan? We are strong believers of that but we not only plan the trade, we plan how we trade, when we trade it, when we quit, etc.. We try to allow for the 10% art part of trading by reducing much of the 'art maneuvers' down to mechanical rules as well. In essence, we want to remove the human element as much as possible so that we can be completely objective and NOT emotionally attached to our trading.

5. Full Immersion Training; The SST philosophy wants the trader to be fully immersed in high end training to not only learn how to properly trade the SST way, but how to trade in general. There is a very active owner's club which offers a live traderoom where one can really learn the strategy and be surrounded by other traders who are also learning or experts of the strategy. The SST Owner's Club also has a website where one can find numerous tradeplans, trainings, etc..

6. Capital Preservation; The SST philosphy states that one should never over leverage. But on an individual trade basis, the SST has powerful tools that dynamically cut risk and then moves to put our trade into a risk free position. Moreover, the best defense is a good offense. The SST has its high percentage target and the ability to trail a second position for bigger profits. It also identifies when price momentum is increasing and signals a place to add to our positions. These are highly offensive moves but they are also very profitable. What better way to preserve your capital than to grow it steadily, with high percentage, profitable trading.

7. Consistent Profits; What more needs to be said about #7. Consistent profits means you have reached the highest peak and are succeeding as a trader.

The SST has been available now for over a year and continues to ring the cash register. Moreover, it has developed into a 'family' of strategies and effective tradetools. There now is an SST Simple version, which is actually a distinct strategy unto itself. There is also a specialized SST FX Edition. What's more, a new and highly effective setup has been added to the SST called 'GetBob.' GetBob stands for 'Get Back on Board,' and tools have been developed to incorporate this highly profitable trade setup as a plug-in. It's a very unique trade setup, kind of a trade setup within a trade setup. It sounds complicated but it actually is very easy.

There's more on the horizon for the SST as well. It has been so successful that rumor has it, that an SST Pro version might be in the cards. I can't divulge anything else about it because it is still in the planning stages but it will be above and beyond what the SST has already become.

I hope this post satisfies those who were curious about the SST. You can find out more information on it by visiting the SST blog, www.SevenSummitsTrader.com, as well. There you will find an entire year of history and can learn a lot about it. You can also get on an invite list where you can attend a free webinar and/or get free demo time in the SST Live Traderoom where you can actually see it in action for yourself, ask questions as live trades are called out and traded by the active SST Membership, etc.

Offline jgadefelth

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #26 on: September 05, 2011, 11:40:30 AM »
6y588  thanks for you reply.

tjnoon  i cant find anywhere in you post where you say something about the problem 6y588 had that he could not match your exit and enter but was late to the party for that ?   I  am slow at entering my self so this   bother me some can you   tell me why do you think 6y588 was late in and late out and get less pips  than you reported ?  How mutch pips was you aim for on this signals  100 pips then 5 pips or so is no big deal but for 10 pips target 5 pips late is mutch.  I hope you understand my question and consern.

best regards

Offline tjnoon

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #27 on: September 06, 2011, 04:44:06 PM »
Jgadefelth, I do understand your question and concern.  My response is that one needs to take their time and practice.  There are tools anyone can employ to master the method prior to risking real money.  Mainly, a live sim account.  We always teach that one should be able to execute 25 live trades in a row without a single mistake prior to risking real money.  That's a musician's learning technique.  As a drummer (which I am), in order to learn a new rhythm, I have to work it out very slowly and then practice it until I can play it 25 times in a row, in tempo, without a single mistake.  Once I am able to do that, it becomes a part of me.  Like riding a bike.  I'll never forget it.  Trading is very similar in that regard.

That being said, The EURUSD is a 5 minute chart and is not hard to execute.  Some of the faster moving markets we also trade, like the Russell eMini, Crude Oil and Wheat Futures are more challenging, but also tradeable, but they do require patience and practice.  Like anything else worthwhile, one should work hard at mastering the method prior to risking real money.  It is not fair to a great trade system like the SST or the job we do in the traderoom to base a hard and fast opinion from just witnessing a few days worth of trades, expecting to be able to execute the strategy without any prior exposure, understanding, knowledge or practice.  We have thousands of trades under our belts and over a year of trading the SST every day.  Those that have stuck with it are able to prosper with the trades we are calling and the method we are teaching.  It's a great system if you trade it as intended.  6y definitely could not and with just a 3 day exposure, that shouldn't be surprising.

Markets have been very volatile lately.  But if you understand the SST, which we teach every day in the traderoom, you can actually learn how to anticipate setups before they occur, which would give you a heads-up to be ready.  Not all trades trigger in quickly but price action is always challenging and it can happen so you have to be focused.  You don't turn your back on the ocean when standing on the shoreline, right?  People get swept away out to sea at times..  Can happen at any moment to those who are naively unaware.

Remember, anything worthwhile requires some effort to learn.  No one can sit down with a guitar or drumset and expect to play it as well as someone else who has taken the time to learn it, practice it, master it.. etc.  No one would get into the cockpit of an airplane and expect to fly it safely if they had not put in the time and effort to learn how first, right?  Why would anyone think that trading, which is arguably one of the hardest things for someone to do successfully, would be any different?  I hear this all the time.  So many people just want to experience the dream of success but don't want to put in the time and effort.  I don't mean to be hard on 6y588 or anyone else.  This is just how I feel and moreso, what I know to be true based on calling a live traderoom nearly every single day since 2008, and it's always been my style to just speak directly and truthfully.  To get to a truly professional skill level at anything requires about 10,000 hours, I once read somewhere.  Why do you think that most people fail at trading then?

In the end, if you want to learn how to do anything that is worthwhile, and successful trading falls into that category in my opinion, you have to be willing to roll up your sleeves and work hard at it.  Our traderoom is successfully posting a winning record for those that have taken the time to learn what we're doing, and then how to do it thenselves.  I believe we do a great job in shortening the 10,000 hour learning curve by a lot, but there still is a learning curve.  Traders can certainly benefit from the time we have already put in.  In other words, they are not starting from scratch.  But they need to excercise some common sense and take the necessary steps to learn and master, before commiting real money.

Those that just come in and expect to be successful from the first day without any effort in learning, practicing, asking questions, and ultimately doing everything that is necessary to 'take ownership' in the method and tradeplan is probably not going to be able to do what we are doing.  It's logical though, right? 

I hope that answers your question adequately.  For those that are interested, we are offering a FREE webinar this Thursday on the SST.  You can register for this event directly from the www.SevenSummitsTrader.com website.  Come check it out.

Offline 6y588

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NetPicks Live Signal Service - Trading Room/Signals
« Reply #28 on: September 06, 2011, 05:11:01 PM »
Like I said before, I prefer robots to trade for me , and it made 150pips today while I was out. ;) GL with your trading.

Offline hiddenvalley

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Re: NetPicks Live Signal Service - Trading Room/Signals
« Reply #29 on: May 03, 2012, 09:24:47 AM »
I tried a trial of netpicks live signal service. They have some good days with overall profits. maybe 10-60 ticks. somedays over 80 ticks when everything works right. But then they have bad losing days. The SST algo is good at finding running trades. Just be aware there can be drawdowns when it gets caught in a fake breakout. Still the SST signal service seems to have bigger winners and one of the better trade and stop management among trade rooms not only in money management but strategizing in time periods traded according to their well thought out and written trading plans.

The trading room's biggest strength seems to be their emphasis on sticking to a trading plan. They trade a certain instrument at a certain time period. And they trade about 4 different instruments. They also stay out of news and certain volatile inducing periods of a few minutes. They have a "power of quitting" plan based on how many ticks won during the week, or a max loss. And good stop management, although the wide stop may seem to be hit often at times. Tightly ranging markets seems to be the SST's main weakness with too many false signals which stop out or "stop&reverse". One must have faith in the backtesting and percentages and the method itself to weather the drawdowns. When conditions are not so good they have plans to minimize drawdown whether it is "power of quitting" or advising awareness of unfavorable trading condition time periods. When there are good conditions the SST can work spectacularly well and can overcome the drawdowns. One must still manage their own trading size and daily drawdown limit and trade accordingly. Recommend a trial or a look at their site.
« Last Edit: May 04, 2012, 10:54:15 PM by hiddenvalley »

 

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