Hi Nick (that's the first time you've metioned your name you know)!!!!
Dale here. Nice to finally 'meet' you!!!
Great news about the TBP System and the Volatility System. I'm so glad it's working for you and I hope it continues to do so (no reason that it shouldn't either)!!!
Your observations about this 'other thing' are 'spot on the mark' i.e. that's exactly what happened today BUT I have to admit that today I actually got ASTOUNDING results with it. I was trading 'mini micro teeny' lots of Silver (live) just to test and I'll tell you what: fantastic!!! It does, however, require a lot of self control because when the situation arises that you describe which, as I say did in fact happen twice today, you just have to take the loss 'like a man' but by stopping and reversing each and every single time 'no matter what' I cleared out with nice 'little' 'test' profits. I reckon that the BEST pair to trade with this would be GBP/JPY because of the volatility of the pair and the way it moves (Silver was probably the WORST example for this). I did try it on GBP/JPY on a GCI demo account that I opened for this purpose but was trying it out on the 30 minute timeframe. Not too good i.e. this timeframe is too short for ANYTHING let alone this little 'system'. I would say the MINIMUM would have to be the 1 hour timeframe and, as usual, the longer the better. I will continue to test it tomorrow and if I get the same results then I'll start trading 'normal' lots next week. The 'sky' is the limit with this 'little thing' as well. For example: you could reduce whipsaws by increasing the order distance by more than 5 'ticks' or pips and maybe even use a random number between 5 and 20 on different days. Another idea would be to have the distance based on some or the other factor of the True Range or Average True Range or on some or the other variation of one or two of Wilder's formulae. Play around but the 'concept' seems to be very 'sound' SO FAR!!! Let me put it this way: the INEVITABLE drawdowns are no better or no worse than the potential INEVITABLE drawdowns when using 'pure' Parabolic SAR but the RESULTS are quicker and faster!!! Seems 'sound' to me!!!
Let me say this though: this should NOT detract from the 'real' systems i.e. Wilder's stuff. The way I see it is if this works it will be the 'bread and butter' money and Wilder's stuff will be the 'investment riches' at the end of the day. Just my opinion and that's how I will continue for myself anyway.
By the time you get this message your exams will be over (and I'll be in bed) and I hope that they all went very well for you (which I somehow think they did). Anything I can help you with regarding the Swing Index System then feel free to ask.
By the way: I have to publicly thank a 'new friend' that I made this week (Brian) who has sat with me the whole day giving input on this new 'little thing' that I'm trying out. Thanks for listening!!!