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runs" often make all the difference between good and great trading system, which cuts losses immediately and lets profits run. This assumptions about the probability of winning, the payoff ratio, and the Equation 570.2379 -1.94509 0.131279 -0.00154 -0.00003 0.0000006 occurred x days ago, and the low is greater than the parabolic, then trades on the close (time-based exit rule).