I'm getting my feet wet all over again with trading. LOL After
the last couple of years, I'm at the energy level where watching
paint dry is good exercise!
So, looking at the BPT MA Deluxe with new eyes. Awesome
stats! Approximately 400 points per year since 2010! So if you just
traded one ES futures contract, if that statistic is maintained,
that's comes to about $20,000 per year. Well, I'm in for one short
ES future - a small enough position that psychologically it doesn't
even matter.
I don't see how the percentage is derived though. If you
start with 100 thousand, and make 14 points the first trade, how
does that come to 1.31% ??
Susan
Yes Susan. But as Matt said, you should really use this with
another (other) indicator (s)
Personally I like to combine the tops and bottoms with positive
and negative divergences/ MACD and RSI. these can get you out
to take profits without the giveback that BPT sometimes
gives...Hope that helps
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Title: BPT MA Deluxe Hi Everybody, I'm
Posted by sschulman on 7th of Oct 2014 at 11:31 am
Hi Everybody,
I'm getting my feet wet all over again with trading. LOL After the last couple of years, I'm at the energy level where watching paint dry is good exercise!
So, looking at the BPT MA Deluxe with new eyes. Awesome stats! Approximately 400 points per year since 2010! So if you just traded one ES futures contract, if that statistic is maintained, that's comes to about $20,000 per year. Well, I'm in for one short ES future - a small enough position that psychologically it doesn't even matter.
I don't see how the percentage is derived though. If you start with 100 thousand, and make 14 points the first trade, how does that come to 1.31% ??
Susan
Title: BPT Susan: You should also
Posted by brophy on 7th of Oct 2014 at 11:49 am
Susan: You should also take a look at what it did during 08 and 09. Very different action than what we have experienced recently, just so you know...
Title: BPT I seeee. (sigh) No
Posted by sschulman on 7th of Oct 2014 at 12:32 pm
I seeee. (sigh) No holy grail. Thanks for the heads up.
Title: BPT Yes Susan. But as
Posted by brophy on 7th of Oct 2014 at 01:32 pm
Yes Susan. But as Matt said, you should really use this with another (other) indicator (s)
Personally I like to combine the tops and bottoms with positive and negative divergences/ MACD and RSI. these can get you out to take profits without the giveback that BPT sometimes gives...Hope that helps