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As good as Perry's rules are and how well he does with them, my observation is that they are still discretionary. You can't make a mechanical system out of them as they are nor do I think Perry intended them to be. Perry may have something to say about this but I just don't see how you can take every signal and be profitable. Assuming I coded the rules correctly, take a look at the PerryStrat and you'll see what I mean. Bottom line is that we still have to know the market we are trading in and pick the times that are best for trading. I think that's just a fact of our trading lives. Perry is gracious enough to share his rules with us but we have to figure out how and when to use them.
Please notice in my previous post that I made the changes in the PerryStrat so it will run in nt7.
Perry stated several times in past posts that this system is intended to take MANUALLY and by all means not automatically. Like I posted before I myself combine the Perry system with other common traders sense.
I backtested your strategy on the instruments I trade on and none of them was profitable. I would never run Perry's system automated. There are other systems better for it (Hurley ?)
I should've know I wouldn't get away with not posting the DMPlusSignals separately. How's that for a wonderful use of a double negative. Anyway, here there are. I actually think this indicator is pretty useful. You minimize the loss of braincells trying to evaluate entries and as I get older I find I need those braincells.
You're welcome. I agree. I merely provide it here for information as opposed to advocating it's use for anything other than backtesting to learn the entries.
Guys, please take note there is a separate thread for the automated strategy for Perry's system. Perry did not want it in this thread the last time this came up.
I received a few private messages enquiring about my automation effort on Perry's set up. I finally have a "beta" version (using Method 1) that can trigger both Long and Short trades. If one has an effective money/trade management plan, he/she …
I suggest re-posting your stuff there, and please ask and answer all questions related to automation in that thread.