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Everything posted by Tams
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MC support forum has what you need
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do I read it correctly? that's more than 500 trades per day? what is your commission to net profit ratio?
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.......... .......... ROTFLMAO why is life so predictable?
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you can't win... if you do backtest only, people are going to ask why not forward test... LOL
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I have neglected to mention in the first post, the idea of this indicator came from Jumbo123. http://www.traderslaboratory.com/forums/f56/half-gap-fill-indicator-ts-7729.html If you found this indicator useful, please say thanks to him. 13.7
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today
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mathematically it sounds good... if life (ie trading) is a linear arithmetic event. consider this: trade#1= 0.50 trade#2= 0.50 trade#3= 0.50 trade#4= 0.50 trade#5= 0.50 trade#6= 0.50 trade#7= 0.50 trade#8= (1.00) trade#9= (1.00) trade#10= (1.00) net = 0.50 1. if you win in the beginning, then lose later, you will break even. but life is not linear... if you experienced multiple losses before accumulating enough "risk" capital, your predicament is a fast wipe out. 2. in reality... most practitioners would win some, then lose some, then win some again... in the best case scenario, the trading career would ended up a statistically perpetual borderline break even event. 3. people increase their trade sizes (especially during a loss. ie average down)... what happens is, whatever (meager profit and inflated ego) you accumulated at the beginning is not enough to cover the magnified losses later. 4. people move their stops and take quick profits... (I know, that is another story....) there are more to it... but this should be enough to stop any semi-intelligent newbie.
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risking one dollar for a 50 cents target is definitely not going to work...
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in general terms, if you can survive not bleeding for one business cycle... you will be ok. otherwise the simplistic lessons you have learned in the down cycle will get you into the same naive trouble in the up cycle... etc., because the up cycle will behave slightly differently than the down cycle, etc., just my 2c
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lots of talks here: http://www.traderslaboratory.com/forums/f34/ma-cross-ranging-day-whipsaws-5995.html http://www.traderslaboratory.com/forums/f34/fresh-first-crossover-strategies-7338.html http://www.traderslaboratory.com/forums/f34/moving-average-crossover-volume-surge-2945.html
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average down is no doubt the biggest sin of all. I have yet to meet a long term survivor who uses average down as a strategy. (it might work on a buy and hold long term investment, but even Buffet got burnt a few times) a side note: What is the quickest way to lose the "newbie" moniker? --- try average down.
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the screw made another quarter turn..... .... LOL
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I am trying to assemble a Catalogue of Strats Which DID NOT Work. if you think MA crossover does not work, then post it here. if you don't know if it works or not, then start a thread to discuss.
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(TS) Recall Specific Day's Value During This Same Time Bar ?
Tams replied to duhhhh's topic in Coding Forum
yes you can. see answer above. -
you are welcomed to start a new thread on the subject.
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(TS) Recall Specific Day's Value During This Same Time Bar ?
Tams replied to duhhhh's topic in Coding Forum
there are 2 ways to reference a previous bar: 1. pre-store the value in a variable... so that you can recall it later. e.g. var: volume_at_901(0); if time = 901 then volume_at_901 = ticks; you can recall the variable volume_at_901 any time and get the value of the volume at 9:01am. 2. if you know how many bars back is the time 9:01, then you can use the [xx] to access that bar's values. e.g. if the time is 9:11 now. 9:01 is 10 bars back. you can find out the volume of 9:01 by ticks[10] . -
Let me kick off the discussion... regarding the old adage... the Trend is Your Friend one strategy that does not work is to go against the trend. but, you might ask... how do I know the trend? a kid can eyeball the chart and tell you the trend. but we are not kids, we over analyze things, we can see the trees, but not the forest. ok, a few people other than kids can see the trend too, I am referring to the price action folks. but not everybody are gifted to be price action traders, what am I to do? May I suggest a moving average? any moving average would do... simple, exponential, weighted, zero lag... etc. what about the length? try 20 period to start... then adjust as required. try this analysis: measure the trough to peak range of the moving average... which range is bigger? the down leg or the up leg? ask yourself... which leg has more profit potential? which leg would you rather be on? side note: what not to trade: instrument that has little volume instrument that has little direction they maybe good for investing/gambling, but not trading
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somewhere else in the forum, there is a thread on Catalogue of Strats Which Worked http://www.traderslaboratory.com/forums/f106/catalogue-strats-worked-7750.html well... let's attack the grail from both sides, let's assemble a Catalogue of Strats Which DID NOT Work the other thread focus on automated systems, I am starting this thread in the general trading area, so that we can talk about Concepts, Methods, Tactics, Strategies as well as Systems.
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word not recognized that means the indicator is using a new keyword that is not yet available in your version of TradeStation.
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General Discussion for Components in Strategies
Tams replied to andypap's topic in Technical Analysis
here's some of my demi-philosophical veiw... it is difficult to make short money if the ma is trending up... it is difficult to make long money if the ma is trending down... if you can pick a top/bottom out of the blue, you should have the power to pick 6 numbers in a lottery. -
are you carrying them overnight?
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you can start a community here... by posting some of your indicators.
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if there is only one edge in the World... and the edge requires such fine resolution, then I will pursue good data with all vigor.
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General Discussion for Components in Strategies
Tams replied to andypap's topic in Technical Analysis
that's a good preamble. there are as many ways to trade the market as there are market instruments... and the market has as many moods as your wife/gf. if you can figure out your wife/gf, you can surely figure out the market... LOL this will be a good discussion. (I mean the market, not your wife/gf) -
you might want to consider this: Stock Screener: Stock Search - MSN Money IE required.