Shark 5.0

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Rahn Heart

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Jul 31, 2009, 10:37:45 PM7/31/09
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The basic strategy of the Shark 5.0 is similar to the FAP Turbo. It
primarily is designed to take scalping positions in a horizontal
market. It also however is equiped to take advantage of longer moves
if the scalping coding should trigger during a break out. To do this
it uses what I call "dynamic profit taking". Like the Turbo initial
orders are placed without a take profit or stop loss setting. The
price is then monitored for direction before these inputs are applied.
If there is a break out the t/p and s/l are then applied when there is
a reversal. There are only two settings for the t/p and s/l which are
8 and 16 on the t/p and 34 and 70 on the s/l.

The FAP on the other hand had two separate strategies that I am sure
they hoped would work in conjunction with each other. Since the long
term strategy was worthless this obviously didn't happen. The Sharks
remedy does actually work once in a while and the best thing is that
they had a pretty consistant performance of 85% win or better.

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