[dpaterso]

Hello,

Nick: that calculation is quite correct (for the ADXR).

As far as the Volatility System is concerned I'm NOT 100% sure that the ADX/ADXR values apply to it though EVEN ALTHOUGH it's a trend following system. The only reason I say this is because remember that it adjusts the SAR itself based on the ATR(7) so my logic tells me that when a pair is trending the SAR will move away and if it falls into a tight range the SAR will move closer. That's just my 'take' and I could be wrong. I currently have AUD/CHF open as a VS trade and I'm astounded at the results obtained with what really is the 'simplest' system in the book both in design and to maintain on a daily basis.

Look: (again something that needs to be mentioned): you have just proved the 'theory' that not all systems will work for all people (if I'm not mistaken it's either Wilder or Carter or both that actually re-iterate this point). What I'm saying is that any reasonable person would imagine that whether I followed the TBP System or you followed the TBP System the results should be exactly the same especially given the 'pure' mathematical design of the system but although the TBP System did work for me TO A DEGREE it's really nothing that I'd RAVE about whereas you are having unlimited success with the same system!!! The reason I say this is because maybe for you it's better to take profit when you're satisfied with the profit and move on to the next trade and if that works for you then 'go for it'. I mean to say my business partner would be FAR happier if I took profit or placed a trailing stop as soon as the profit showing has exceeded 100% of the margin used to make that profit (which tends to happen ALL the time and on most trades). I NEED to follow the systems 'to the letter' but I do find myself taking profit early sometimes when there is a 'nice big fat juicy profit' showing i.e. far in excess of the 100% of the margin cost. All I'm really saying is this: while we all love this business (well I do anyway) it is important to realise that we're doing it as a means to and end i.e. to make money at the end of the day. If taking profit early or using another one of the systems as an exit works for you then that's what counts. Because of this book we have 'sound' and 'reliable' and 'consistent' systems and just as long as we don't get too carried away with our OWN 'versions' i.e. as long as we don't mess with the 'core' of the systems then they will generate huge profits by the looks of things. My percentage gains are astounding me I promise you to the point where I STILL find myself thinking that they are 'too good to be true' but I have nearly three months of consistent high gains so at what point do you say to yourself: 'the systems are what they are and they work'!!! Maybe I'm doing things a little different from everyone else who knows??? Maybe without actually realising it in choosing trades or in choosing exits I have indeed gained some experience over the past eighteen or so months and without really realising it this experience (albeit limited) 'kicks in'!!! I don't have all the answers. All I know is that because of 'the old man' and this book and yes the hard work I've put into these systems by way of coding them etc. etc. etc. is paying off well and if things keep going the way they're going now it will only be a matter of months before I will be at very least HALF WAY back to the financial position I was in at the end of 2006. This is in STARK contrast to what happened last year of course.

One other thing though: I know you're obviously happy with Oanda but I cannot really help you out too much over there because I know nothing about their platform and I don't even think you have to facility to code indicators into the system (but I could be wrong). I would really strongly suggest that you open an account at Delta (and I'm NOT saying this to earn commission out of your trades I promise you) because then I can give you the stuff that I've coded and you'll be surprised how easy it makes your life i.e. not having to use Excel. It's really just something to think about.

Edit:

I have attached a Delta chart indicating all the systems that I use on a daily basis (excluding the TBP System but I never use that anymore but it follows the same 'lines'). Aside from the systems take a look at the ADX and the price action an tell me that it's not 100% accurate!!!