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Replies to #318064 on Monk's Den
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Jagthetrader

11/23/10 11:18 PM

#318068 RE: ryanmnly #318064

Someone waked him up suddenly..
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Ninja7

11/24/10 12:27 AM

#318069 RE: ryanmnly #318064

OK, I'll play along...

Just out of curiosity, how did you back test it (e.g. what platform, etc.) and what time frame was used (5, 15, 60, daily?) and over how long (the past year?). Which Monk system did you use, the 1 min version or the swing version? Also, how did you address entry/exits? Did you simply use the open price of the bar after you got an entry/exit signal? Did you account for commissions and factor in any sort of slippage? Was any sort of curve fitting done before publishing the results?

FWIW, the reason I didn't bring any of this up a while back was because a while back I was a loyal team member slapping the ask on the FLD's and didn't want to rock the boat. Since exiting the FLD's a couple months ago, I've come to believe that people should make informed decisions and consider all sides of something before jumping in. I never said don't attend a Monkinar. If you think it's a good thing to spend your money on and will be successful because of it as so many claim, then by all means attend one.