Emini Methods- George IV - FAQ for George IV

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George IV

FAQ for George IV

1. What do I need to use George IV?

Answer: A futures brokerage account, a basic charting package such as Sierra Chart or NinjaTrader for which I provide templates and which I recommend highly as they are most cost efficient.

2. Can this system work for markets other than ES?

Answer: Yes. It works quite well for YM, and it is likely to work well for other reasonably volatile emini markets.

3. How many trades does it produce a month?

Answer: About 7 on average.

4. How about its drawdowns?

Answer: They are relatively shallow and rare. The worst losing month in ES has been only 8.5 pts compared to the initial stop-loss of 9 pts per trade (!) and the target of 18 pts, as of June 30, 2008.

5. Is this a simple system?

Answer: Yes. It is a simple system. It is a simple system because it is based on just one fundamental idea implemented in the system in four different ways, which gives this system an always desirable diversity of strategies that is only likely to improve its stability. It is simple because it uses only very basic and very few indicators, such as moving averages, and only two. It is simple because its entries are defined very simply and precisely, with no guesswork required. It is simple, but it is certainly not simplistic. It is as simple as possible, but not simpler. It is indeed very unfortunate that so many systems out there that a new trader is likely to come across are simplistic and thus poor and unreliable. And what's even worse, they give the trader, particularly a new one, a false impression of what simple is about. Simple is not simplistic. Simple is not trivial. If you want a simplistic system that everyone and their grandma is bound to lose money with, look elsewhere.

6. Is this system suitable for beginners?

Answer: Yes. I truly believe that it is an excellent system for beginners. It is excellent if only because it is very important for the beginner to be exposed to sound, reliable trading ideas that are respected by the markets and not to some spurious, simplistic schemes that every rookie uses to lose money with. To paraphrase what Einstein once said ("I want to know God's thoughts... the rest are details."), you want to know Mr. Market's thoughts and not some tabloid rumors spread over countless Internet trading forums.

Disclaimer: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS UNLIKE AN ACTUAL PERFORMANCE RECORD. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

HOME My Emini Systems George IV	FAQ for George IV 1. *What do I need to use George IV?* Answer: A futures brokerage account, a basic charting package such as Sierra Chart or NinjaTrader for which I provide templates and which I recommend highly as they are most cost efficient. 2. *Can this system work for markets other than ES?* Answer: Yes. It works quite well for YM, and it is likely to work well for other reasonably volatile emini markets. 3. *How many trades does it produce a month?* Answer: About 7 on average. 4. *How about its drawdowns?* Answer: They are relatively shallow and rare. The worst losing month in ES has been only 8.5 pts compared to the initial stop-loss of 9 pts per trade (!) and the target of 18 pts, as of June 30, 2008. 5. Is this a simple system? Answer: Yes. It is a simple system. It is a simple system because it is based on just one fundamental idea implemented in the system in four different ways, which gives this system an always desirable diversity of strategies that is only likely to improve its stability. It is simple because it uses only very basic and very few indicators, such as moving averages, and only two. It is simple because its entries are defined very simply and precisely, with no guesswork required. It is simple, but it is certainly not simplistic. It is as simple as possible, but not simpler. It is indeed very unfortunate that so many systems out there that a new trader is likely to come across are simplistic and thus poor and unreliable. And what's even worse, they give the trader, particularly a new one, a false impression of what simple is about. Simple is not simplistic. Simple is not trivial. If you want a simplistic system that everyone and their grandma is bound to lose money with, look elsewhere. 6. *Is this system suitable for beginners?* Answer: Yes. I truly believe that it is an excellent system for beginners. It is excellent if only because it is very important for the beginner to be exposed to sound, reliable trading ideas that are respected by the markets and not to some spurious, simplistic schemes that every rookie uses to lose money with. To paraphrase what Einstein once said ("I want to know God's thoughts... the rest are details."), you want to know Mr. Market's thoughts and not some tabloid rumors spread over countless Internet trading forums.
	Disclaimer: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS UNLIKE AN ACTUAL PERFORMANCE RECORD. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.