I look for value wherever it can be found
Do you make a living trading small timeframes? 58 replies
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(can) small accounts make a living ?! 611 replies
How can I make a living trading forex? 25 replies
DislikedAll strategies, whether manual or fundamental, can be replicated by a bot. If a trader doesn't try to code his strategy, that could be : He doesn't know how to code and doesn't feel comfortable in giving the rules to some coder He is afraid to see that his strategy is not profitable in the long term which will destroy his confidence and bring him back to step 0. He is bored in his life and unconsciously wants to keep himself busy every day. His ego wants him to believe that he has some special power that will keep him out of bad trades.Ignored
Disliked{quote} you don't have a clue about programming pattern recognition software, don't you?Ignored
Disliked{quote} With great difficulty, I guess it would come down to introducing some kind of randomness and testing those "mutations" against desired behaviour, an evolution machine as it were.Ignored
Disliked{quote} I think I do... If you think you cannot do it, maybe someone else can. You just need to define what you want. If your system has to avoid consolidation, then you must be able to define what is a consolidation. Otherwise, your system has a part of discretion. Therefore, it cannot be called a system. For example, John Ross has attempted to define what a consolidation is, by counting the number of bars and comparing the open and close of those bars. Everything else can be. Robots can pilot planes, rockets, spacial shuttles...I think it's much...Ignored
DislikedNice twist...talking about creative things. Thats coool... I agree with some previous post...ur robots/ea can only look at things at their face value, creativity comes from human mind and that part can't be coded into machines . Human brain storage capacity vs robots? Unimaginable As long as human beings are making robots and are involved in AI projects, there is no chance for these machine to get ahead of humans in creativity. Peace {image}Ignored
Disliked{quote} Explain to me please, how that "discretionary feel" improves my trading. A lot of traders go on and on with that kind of statements. From my experience the biggest part of that "feel" is traders own emotions. And every time i relied on my emotions I got burned. That is why trading is so hard, because controling emotions is hard. That means a trader must be always emotionally stable, every time and every moment when entering the position, sl, tp, money management, ... always. For me at least that is mission impossible. That's why i had some...Ignored
Disliked{quote} The point of the 'feelings' is to identify trade setups before the indicators/system send off signals. If you thoroughly understand your system and how it works then you can rely on your feelings before the system actually detects the changes (hence DISCRETIONARY feel). There is a big difference between 'feeling' and 'emotions'. Feelings can be intuition structured by logic. Emotions are just neurochemical responses to abstract stimuli.Ignored
Disliked{quote} I agree on feelings vs. emotions. I'm still not convinced though why one should not code an idea if it's codeable, but trade it manually instead. I can think of funnier things than sitting in front of a screen waiting for sth to happen and then click the mouse. Besides, again, it's not as scalable as a robot. Discretion when making changes in the settings? Oh yes, totally.Ignored
DislikedHi, I've been trading for few years now and being "consistantly profitable" is not the biggest problem I have. The problem I have is with low trading capital. Some friends advised me to open a small live pamm account and connect it with trade explorer, myfxbook, fxstat, ... to prove that I can trade. So I did that a few months ago. As I was told getting the funds for consistant traders shouldn't be a problem ("the money will find you if you are good" I was told, hehe). But apparently it is a problem (at least for me) because I don't even know what...Ignored
DislikedI live in germany and I trade for a living. In Germany the average salary is 28-30 thousand Dollar a year. If you expect to increase your capital 50 % a year you need 60 000 $ + Drawdown Year 25 000 = 85 000 $ It was a hard time to gain enough money to live from trading. But it is possibleIgnored