Kiwi

Tams, There are plenty of nonsensical posts out there including a few of yours. And I've seen you defending people running the big scam. So, if someone wants to say that someone is genuine in their opinion why don't you leave them alone unless its a pattern of behaviour. There are moderators. I'd like to thank the OP for offering something that readers could perhaps use to help their own trading along.

Its fine currently James. It comes and goes with 3.5.3 so I don't know if it sticks with 3.7 or not. I'll log on every few hours and let you know in a couple of days if its fixed.

I wouldn't argue with the result either. My suggestion related more to board based trading where the care is not there. I don't necessarily see the above system as rubbish either ... as long as it is robust with solid expectancy. The main thing is to start with something that has a good number of losses and stop grail chasing. I watch umblue and the people who follow him and I see this chase for better understanding, better edges, and the mysterious "they" and it makes my blood boil a little - hence I think I was wondering out loud about how to find a more robust way of putting people on a workable path. Don't wait until your kids are teenagers though - they might just chase grails to irritate you

Try 3.7 .. it doesnt 3.7 is nice though. It has the chrome style tab ordering so that they all stay together (which is why I upgraded). So whatever is sensitive with 3.5.3 seems 100% on the 3.7. James, While 3.5.3 is a legit build, 3.7 is an alpha so you'd expect it to be sensitive but it does display the problem nicely. Your developer can get it if he hasnt' got it by googling firefox nightly builds and trying the latest version.

James, Something I'd noticed was that on Firefox 3.5.3 sometimes the front page is not rendered correctly. This is even more common with FF 3.7. Here's a snap of what it sees (all is fine with Google Chrome). Note that the problem comes and goes ... here today gone tomorrow so I assume something changeable in the pages is what's at issue.

No. His blog is Infiniteyield Forex but if you can't find the article there then Google the second part of the title

TheRealThing, aka Leonardo, wrote a paper: THE HOLY GRAIL!- Learning to Handle Variance in Returns It should probably be mandatory reading once traders have a certain amount of blood on their hands. Emotions are inevitable when money, rightness, or risk are involved. There are games we play (don't trade for 30min after a loss to let unperceived emotions drop, stop trading after two losers, etc etc) to move past the impact of variance in our returns. The biggy though is that we don't really accept losers as being "ok". And we haven't truly internalized the old system traders adage: you will experience a drawdown bigger than anything in historical testing. The "ok" bit is interesting. I am mainly system trading now and I find it is easy to watch the system lose. By contrast, if I am in a discretionary trade and I lose, then I feel pain for being wrong or being stupid or doing x when I could have done y. So as well as losing money I was "wrong," "stupid," or in some other way emotionally much more impacted. I trade with a friend while my system trades and see in him those same things that used to be so strong in me. And those things had the same effect on me that thales described above. Somehow a trader needs to divorce his or her trading actions from their emotions and perceptions. They need to accept a loss as really truly ok. They need to believe in their system, accept that a 1.5x drawdown is coming and not be driven to incorrect action when it happens. . FWIW I have been thinking that the way to train newbies is to get a pretty poor strategy (pf=1.4, win ratio a little under 50%) and train them to trade it and really accept it. The first version should trade at most once an hour (to reduce emotional entrainment) and they should have a trading platform that doesn't form the next bar (or permit a new trade or adjustment) until the period from 5mins before the hour until 5 mins after the hour. The aim is to introduce a slowish, not overly great, system that will get them through the pain and acceptance phases without building to many bad habits. It would also help them get past holy grail searches (like paranoid micro-interpretations of volume and activity to find out what the "smart money" is doing). What do you think (oops, if this actually stimulates debate it will need a new thread)?

. I recall you had a very similar response to someone else who wondered about you. Perhaps the sign from the TL front page is a word to the wise .

I wondered, even as I was happy to see useful information, whether it was real or it was guru bait. I chose to give you the benefit of the doubt. As you can tell, I have decided that the apology was premature and the earlier view of you and your activities was correct. As they say, fool me twice ... so not again. You continue to misuse the English language as I pointed out in the last post. In this case you choose the word rant (def: to speak or declaim extravagantly or violently.) You are the king. I simply feel sorry for your suckers.

Strangely enough, yes. The interesting thing is that you define strong in a different way to the one I used and hence wonder whether I have heard the quoted words used to define things that happen in markets. But, even if I have heard them, do I assign the same meanings to them that you do? And if different people assign different meanings to simple words like "strong" then what does that mean for markets - good things I'd suggest. What does it mean for trading chat boards? Disagreement and Gurus. And kings with and without clothes. They sure are pretty though. Who's the sucker in the room?

You'd think you were selling something with the bold and frequently baseless or at least poorly supported claims. It might be "important to some successful speculators". It might be "very important to even fewer successful speculators". But it is not "very important to the successful speculator." I call BS hype.

Think about these for a second. Wisdom might arrive. Or not. Strong selling requires strong buying. Most paranoid fantasies are paranoid fantasies. No one is following them. Gurus require acolytes. The king really wasn't wearing clothes. If you can't see the sucker in the room it's probably you.

Official lines are often just that --- tell the big li(n)e. The CME is just serving the people who buy them lunch so they look after their friends. Obviously the small traders need to start buying them lunch (can you even get into the same clubs) or democracy will continue to act as it always has. It is moderated by the need to keep the peasants happy but it spends a lot of time figuring out how to support its supporters. Follow the money and the free lunches

Last couple of days have been kind of boring - tuesday was -46 points - wednesday was +12 points Today was more interesting at +199 points. One last picture. I don't really think that posting system trades quite meets the thread objective .

I have always thought that trading ones equity curve was the nastiest form of curve fitting. Until this weekend. I have an excellent system. It captures the majority of the trend on trend days. Yep. Almost all of it. And its got a great profit factor in my in sample test. Really simple TA with next to no optimization. 1-2 trades per day per market (avg 1). Wow. Yes. The holy grail. And then I tested it out of sample. Oh ... there's a nasty hole there ... and I can't see what I've done wrong. So I took a swing for the dark side and applied a couple of simple equity curve rules ... and the holes became small dips and the world became warm and fuzzy again. Profit factor doubled for OOS test. Now, I will reveal a little more later but can say now that I can't detect the dip before it happens and the equity curve is the quickest way of spotting it .. and coming out the far end of it. So, wise friends, what do you think about this? Is it the blackest of witchcraft or is it a legitimate technique? Any ideas or pointers on how to make it most efficacious?

It is what we would expect bf For the record I tend to use two if I'm looking for support and resistance because the S&R on the next timeframe up is the area where "trend" continuation is most likely to meet dispute (next is typically 3-5x this timeframe although I have become taken with the 15m when considering S&R for a 1m chart). However, if I'm trading trend automatically I use one timeframe but have a couple of mas on the chart and, when you think about what they are (an average of a number of bar closes) then they are a lot like adding other timeframes to the chart.

If you're just picking out support and resistance wouldn't it be better to use time charts rather than tick or volume charts? Why: - if the time is approx same as v or t then same swings show up - time is invariant if you use channels or trendlines - you can read volume at the swings for any advantage that might give you

I will bite. I would NOT recommend Strategy Runner.

Hells Bells, I just read the entire thread looking to laugh at the rudeness and discovered that someone actually gave you a method that will work even on markets as unruly as ES and KOSPI. My advice: Sign off. Clear the cookies from your browser. Wait a few days and then open this site in a new browser (Chrome or Firefox) and enlist again. Then read for a number of weeks and look for boring effective ways of trading. You have made so much of a fool of yourself that most people wouldn't want to maintain your current identity. A wise man said that the holy grail of trading is "learning to handle the variance in your returns." You might search for that phrase and spend the next couple of days looking at the free information he gives away and thinking seriously about the strategy proposed in your original thread.

1. It is extremely bad etiquette to post something in two forums. Rather rude. 2. You are a sensitive wee soul aren't you. I saw your original post and thought ... oh my god, here we go again ... but because this is a refined and restrained forum I didn't explain how little you get it. Others attempted to help you, foolishly it seems. They have saved you a lot of money if you don't chase off after your wonderful idea. You might also gain spiritual benefit if you give the money to a charity instead as some posters suggested.

Today was unimpressive. The system missed the moderate move down. 3 wins, 1 loss for 44 points after slippage and commissions. .

Fully Automatic. It places the entry orders, adjusts the bracket, and then manages capture without my intervention. My goal is to at most check the autopilot. I've decided that, except on interday holds, I won't fly the plane.

The whole thing is currently mechanical. The two use capture principles (I think thats more descriptive than exit) that are similar but different because they are designed to capture a different subset of market moves. This should sound more scientific and precise than it is - I start with an objective and sometimes it changes as I discover things when the rubber meets the road. I have only been working on mechanical systems since the beginning of September. The previous 5 years were discretionary day trading but now that Sierra Chart has a set of features supporting full automation I thought I'd change to lower precision over a wider range of markets. I have been trading just one market but will probably set my systems free on 6-7 markets. I'll post some more of the first system. The second is still a work in progress and might include discretionary non-exits in future as it seems to be good at getting a cheap position in a longer term multi-session moves.

Thales asked me to post a couple of charts on the thread. These are two charts of the same day last week viewed by two different systematizations of my trading style. The first was taking trades this day and took both these trades - the second for 172 points (an unusually high amount for this strategy). The second I've been working on over the weekend and it is trading a longer timeframe and somewhat different state recognition system to the first. There is NO support and resistance in my strategies although it is extremely relevant to hsi, these systems are based on entering when there is the possibility of a trend and a good entry followed by a mechanism to take sufficient profit when the market behaviour they await occurs. Both are shown on the timeframe of the first so the arrows on the second don't line up with bars properly (they are mapped from a different chart). Blue and Red arrows are entries; Black are profitable exits; Greenish are losing exits. .

There is no question. If you have vista you should go to W7. You WILL like it. Hell, I still run xp on all my machines and I liked it ... even the betas. If you have XP and like it then you might not want to move. Changes to the file manager and some of the security stuff will be a pain until you get used to them. Personally I've got a copy of W7 and legit keys but I'm going to keep using XP for my trading simply because I'm so used to it - if I had vista I'd change in a minute.