Rule-Based Trading Systems

[gloe]

<<you don't need much of an edge to beat the market>>

Exactly, in fact "woodie" at woodiescciclub.com used to do a coin toss session every once in a while using RUT futures. He usually made money, sometimes alot. Heads go long, tails go short. Use a 10 tick stop and a 20 tick target. It's all about money management.

Also this article: Small Edges, Consistent Returns:
http://traderfeed.blogspot.com/2008/07/small-edges-consistent-returns.html

". . . even small edges in the market generate consistent returns if they are consistently acted upon. This is the message of Henry's Axiom of the Small Edge: you don't need a huge edge to make good money; you need to act consistently on the edge that you have."