A Note Before We Start

Firstly, let me say that I am interested only in mechanical systems. "Mechanical" as in "no interpretation possible".

Secondly, you shouldn't just take some advice you read on the internet and apply it to your particular situation. You should experiment first. Does what I say make sense? Does what I say make sense for you? Does what I say bring you increased profits? Decreased losses? Lower risk? The opposite?

This information is free. Do you get what you pay for? Or are the best things in life free? That's your decision. In short, I can't be held responsible for what you do with the information I give. I'm just some guy with a website. *You* decided to take action based on what *you* thought was the best way forward.

Finally, I won't be giving "rules" per se. I'll be giving ideas. Ideas for you to play with. To experiment with. To add to your portfolio if you think they're better than what you've got now.

I've bought other people's rules on two occassions. I couldn't get either of them to work for me. I don't consider myself to be unintelligent - quite the opposite. But what I now realise is that trading rules are completely individualised and thus purchasing them is a fallacy. At least it is for me. Other people have probably made quite a bit of money trading those same rules that I couldn't get to work.

So what I think should happen when you go to a seminar, etc, is that you are given a bunch of ideas. Then you mix and match to suit your personality. Of course, it helps if the system you decide upon is profitable :-)

There is a comments section, and I really hope that people will contribute their own thoughts. Especially if you disagree with what I say.

A quick recap of terminology:

A "rule" is something like "buy when the high of the most recently finished price bar is higher than the previous bar".

Many rules combine to form a trading "system".