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Trading Made Simple

  • #105,421
  • Jun 13, 2020 2:31am Jun 13, 2020 2:31am
Quoting emmanuel7788
{quote} hey Tekkies not you so it is not a backlash. I was not referring to you because you did not make such false claims in 2012.... also not referring to Big E the OP. I know him to be a honest person. if a newbie started trading since 2012 and claimed 85% win rate, that newbie would be very rich today...
It is still a backlash regardless to whom it is aimed.
You regard BigE as an honest man and that 85% win rate is a fact because BigE said so.
Then why is it not possible for a newbie who started 2012, not to achieve since then 85% win?
Also what proof do you have that any of the old timers did not become rich with TMS.
(They simply choose not to have their echo stroked by posting about it.)
------
Then this will also be a fact:
I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis.

Question: Why do reader's struggle with this method?
  • #105,422
  • Jun 13, 2020 2:31am Jun 13, 2020 2:31am
Quoting lddd
Guys do you know if there is a trade simulator working with tick by tick data in a visual mode also allows executing trades if markets are closed?
I'm not sure if this is what you want, I haven't used this in a long time but it might do what you want. LFH Trading Simulator
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,423
  • Jun 13, 2020 2:35am Jun 13, 2020 2:35am
Quoting realjumper
{quote} I'm not sure if this is what you want, I haven't used this in a long time but it might do what you want. LFH Trading Simulator
Thanks man, will test this. I tried Ninja Trader Market Replay and FX Blue Trading Simulator but both were not so satisfying. I guess it can’t compare with forward trading on a demo account.
  • #105,424
  • Jun 13, 2020 2:37am Jun 13, 2020 2:37am
Quoting Tekkies
{quote} "Take a screenshot and post it within a few minutes...." That is what I wanted, not lecture on how dumb I am.
It wasn't a personal attack, and I meant no offence. 'Dumbing something down' is a common saying in English, perhaps I should have chosen my words more carefully as you may have not been aware of this saying.


Quoting Tekkies
---- Reading the rest of your post, I wonder myself about this "Honest". > What will the backlash be from member's when they notice the difference between the "live" called chart and a "hindsight" chart is only one item: a SL/BE to protect profit already made. ---- I told you a long time ago to ignore Emmanuel >
I don't see how anyone can 'backlash' against a real time trade being posted??? The only ones who try to cause trouble are those who have been posting trades after the fact and bragging about $1,000's and showing (alleged) statements etc etc, but no live trades. And then they try to post live trades and they fail, for everyone to see. As I said, it doesn't matter if the trades win or lose, if they are posted as soon after entry as possible, then who can argue about it??
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,425
  • Jun 13, 2020 2:38am Jun 13, 2020 2:38am
Quoting lddd
{quote} Thanks man, will test this. I tried Ninja Trader Market Replay and FX Blue Trading Simulator but both were not so satisfying. I guess it can’t compare with forward trading on a demo account.

I remember this one being a little clumsy, but it did work. It might help, good luck.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,426
  • Jun 13, 2020 2:45am Jun 13, 2020 2:45am
Quoting lddd
Guys do you know if there is a trade simulator working with tick by tick data in a visual mode also allows executing trades if markets are closed?
Post 1
  • #105,427
  • Jun 13, 2020 2:51am Jun 13, 2020 2:51am
I have posted several times trying to communicate with the traders here. Several of my posts are not shown and I wonder why.
  • #105,428
  • Jun 13, 2020 2:53am Jun 13, 2020 2:53am
Quoting lddd
Guys do you know if there is a trade simulator working with tick by tick data in a visual mode also allows executing trades if markets are closed?
Consider NinjaTrader. If your data provider makes ticks available, strategies can be coded that can use any or all of bid ticks, ask ticks, last ticks. In addition, the strategy can access time-based bar data for multiple timeframes. This enables a strategy that incorporates both tick-based and bar-based criteria in the same strategy. No synthetic ticks are generated, as happens with MetaTrader backtester.
To free Gazans of Hamas, use whatever it takes.
  • #105,429
  • Jun 13, 2020 2:58am Jun 13, 2020 2:58am
Quoting lddd
{quote} Thanks man, will test this. I tried Ninja Trader Market Replay and FX Blue Trading Simulator but both were not so satisfying. I guess it can’t compare with forward trading on a demo account.
If you found NinjaTrader Market Replay "not so satisfying", I expect you will not find any simulator to be
"satisfying".
To free Gazans of Hamas, use whatever it takes.
  • #105,430
  • Jun 13, 2020 3:12am Jun 13, 2020 3:12am
Quoting Tekkies
{quote}Question: Why do reader's struggle with this method?
Found the answer.
Malcom Gladwell, staff writer at The New Yorker & author of the bestseller Outliers, popularized the theory that 10,000 hours of practice are required to master a particular skill.
Similar to other skillsets, if you are determined to master the art of trading, it requires practice. Unfortunately, the markets only offer a limited amount of live data on a daily basis making that 10,000 hour benchmark daunting at best.
Consider this, real-time trading hours for the U.S. stock markets is from 9:30 am ET – 4:00 pm ET. That is only 6 ½ hours, 5 days a week. Not taking holidays or other factors into consideration, it would take you 1,538 days to breach the 10,000 hour threshold. With a maximum of 262 weekdays in a year, you are looking at nearly 6 years to become a master trader.
https://ninjatrader.com/blog/market-...ck-connection/
  • #105,431
  • Jun 13, 2020 4:00am Jun 13, 2020 4:00am
Quoting Tekkies
{quote} Found the answer. Malcom Gladwell, staff writer at The New Yorker & author of the bestseller Outliers, popularized the theory that 10,000 hours of practice are required to master a particular skill. Similar to other skillsets, if you are determined to master the art of trading, it requires practice. Unfortunately, the markets only offer a limited amount of live data on a daily basis making that 10,000 hour benchmark daunting at best. Consider this, real-time trading hours for the U.S. stock markets is from 9:30 am ET – 4:00 pm ET. That is...
and Big E had more than that 6 years ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,432
  • Jun 13, 2020 4:11am Jun 13, 2020 4:11am
Quoting Tekkies
{quote} It is still a backlash regardless to whom it is aimed. You regard BigE as an honest man and that 85% win rate is a fact because BigE said so. Then why is it not possible for a newbie who started 2012, not to achieve since then 85% win? Also what proof do you have that any of the old timers did not become rich with TMS. (They simply choose not to have their echo stroked by posting about it.) ------ Then this will also be a fact: I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking...
have you watched all those videos Big E posted in his old thread?

if you did, then you would know where he got that "70-80%+ wins for me on a regular basis"....

it is the same videos where it was mention the 12-2 and 4-6 referring to the Stoch %K Slope each time colour changed.

about oldies, I still see some of them in Forex Factory since Big E passed away.
you can put up a post and appeal to all the oldies members who were in the skype groups between n 2010 and 2011, ask them to contact you and tell you what they know about Big E from their conversations and personal meetings with him during those 2 years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,433
  • Jun 13, 2020 5:19am Jun 13, 2020 5:19am
Quoting DrDave
{quote} Consider NinjaTrader. If your data provider makes ticks available, strategies can be coded that can use any or all of bid ticks, ask ticks, last ticks. In addition, the strategy can access time-based bar data for multiple timeframes. This enables a strategy that incorporates both tick-based and bar-based criteria in the same strategy. No synthetic ticks are generated, as happens with MetaTrader backtester.
Thanks, well i will look again at NinjaTrader. Its a bit confusing if having used MT for a long time already.

Shouldn´t the real time tick data not be the same on both platform if downloaded from the same data source like my broker or some other external provider?

Right now i am downloading Tick Data with a tool called Quant Data Manager. It downloads the following

GBP/USD M15
Real Tick
Last Price: Yes
Ask: -
Bid -

Data from Dukascopy.

I then want to try importing it to NinjaTrader for the Market Replay as well as MT4 for Fx Blue Simulator.
  • #105,434
  • Edited 6:36am Jun 13, 2020 5:39am | Edited 6:36am
Quoting Tekkies
{quote} Found the answer. Malcom Gladwell, staff writer at The New Yorker & author of the bestseller Outliers, popularized the theory that 10,000 hours of practice are required to master a particular skill. Similar to other skillsets, if you are determined to master the art of trading, it requires practice. Unfortunately, the markets only offer a limited amount of live data on a daily basis making that 10,000 hour benchmark daunting at best. Consider this, real-time trading hours for the U.S. stock markets is from 9:30 am ET – 4:00 pm ET. That is...
A common misconception about the "10,000 hour master" is that essentially anyone with reasonable intelligence and skill can apply this "10,000 hour" rule and emerge a master of whatever. For those that actually take the time to check, that 10,000 hour refers to studies of ACTUAL masters, such as Grandmasters in chess or music, not studies of people starting from 0, studying/practicing for 10,000 hours, and then evaluating what was achieved. In fact, critical analyses of Gladwell's work indicate that the "10,000 hour to Master" result is not very well supported by the details. In fact, read the book and try looking with a critical scientific eye at some of the metrics, and you will have a lot of questions raised as to why did he select certain criteria, and is there actually any validity in using those criteria?

It is well established that due to individual differences in effective learning, applying the SAME system of practice to a large group of individuals results in a variety of skill levels at the end of the study. The 10,000 hour premise does not even consider these differences but preselects EXISTING "masters" and then works backwards to associate one SINGLE parameter--time spent practicing OVER A SPECIFIC TIME INTERVAL!! That is, it looked at hours of practice put in up until a specific age of the person!!! In addition, other studies concluded that only about 20-25% of deliberate practice hours can predict the acquired skill level!! What does that mean? It means that OTHER FACTORS THAN DELIBERATE PRACTICE contribute to 75-80% of the resulting skill level!! This also means that deliberate practice is only a small part of what shapes your skill level.

Perhaps it would benefit you more to view with a critical eye everything you see that sounds "scientific" or logical as being valid. And that includes everything that I write that does not have citations to sound sources to support it.
To free Gazans of Hamas, use whatever it takes.
  • #105,435
  • Jun 13, 2020 5:45am Jun 13, 2020 5:45am
Quoting lddd
{quote} Thanks, well i will look again at NinjaTrader. Its a bit confusing if having used MT for a long time already. Shouldn´t the real time tick data not be the same on both platform if downloaded from the same data source like my broker or some other external provider? Right now i am downloading Tick Data with a tool called Quant Data Manager. It downloads the following GBP/USD M15 Real Tick Last Price: Yes Ask: - Bid - Data from Dukascopy. I then want to try importing it to NinjaTrader for the Market Replay as well as MT4 for Fx Blue Simulator....

you want to trade tick charts go to this website and you will find many real traders

https://www.elitetrader.com/et/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,436
  • Jun 13, 2020 6:06am Jun 13, 2020 6:06am
Quoting emmanuel7788
{quote} you want to trade tick charts go to this website and you will find many real traders https://www.elitetrader.com/et/


No, thanks emmanuel. I don´t want to trade tick charts. I am just trying to simulate trading as if it were real so i can manual backtest / execute trades under most realistic conditions while markets are closed and demo/live trading is not possible.

I don´t need to test any indicators or so. I just would like to see price bars developing as they happened on past data so i can execute trades on it with the simulator and see how the outcome would be like. I need to test tight SL and TP values so thats why i need most realistic conditions for trading the historical data.

I am just currently not sure if i should include dowloading "bid","ask" for the historical tick data of if "last price" would be accurate enough.
  • #105,437
  • Jun 13, 2020 6:06am Jun 13, 2020 6:06am
10,000 hours

it is not about whether it is 10,000 hours or 8,000 hour or 12,000 hours, or 15,000 hours ...

it is about what you do in that '10,000 hours'.

it is about Deep Practice ...

if what you did in 1,000 hours and repeated that 30 times, you have '30,000 hours'.

I spent 7,000 hours over a 10 years period and learn nothing and lost money.... got wiser.

Do you want to spend the next 7,000 hour in Forex Factory?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,438
  • Jun 13, 2020 6:17am Jun 13, 2020 6:17am
Quoting lddd
{quote} No, thanks emmanuel. I don´t want to trade tick charts. I am just trying to simulate trading as if it were real so i can manual backtest / execute trades under most realistic conditions while markets are closed and demo/live trading is not possible. I don´t need to test any indicators or so. I just would like to see price bars developing as they happened on past data so i can execute trades on it with the simulator and see how the outcome would be like. I need to test tight SL and TP values so thats why i need most realistic conditions...

then forget about tick charts on MT4 and MT5.

you can learn only using on tick charts in realtime markets with real volume.

not offline charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #105,439
  • Jun 13, 2020 6:57am Jun 13, 2020 6:57am
Quoting lddd
{quote} No, thanks emmanuel. I don´t want to trade tick charts. I am just trying to simulate trading as if it were real so i can manual backtest / execute trades under most realistic conditions while markets are closed and demo/live trading is not possible. I don´t need to test any indicators or so. I just would like to see price bars developing as they happened on past data so i can execute trades on it with the simulator and see how the outcome would be like. I need to test tight SL and TP values so thats why i need most realistic conditions...
I am not aware of any trade simulators that offer what you desire--essentially a duplication of live events unfolding tick-by-tick AND ability to execute orders as they would be executed live. NinjaTrader can use tick data to run the simulations, but when it comes to trade execution, unless they made some changes, it has some deficiencies. For example, when the stop loss is hit, the fill will not be at the price of the very next tick but rather will be at one of O,H,L or C of that bar when it closes. So using the Strategy Tester will give you quite good results as to whether or not a specific strategy has the POSSIBILITY of being profitable in live trading or if it is not even worth trying in live markets. In addition, you will get good comparative results for varying indicator parameters.

For Market Replay, in which you can execute orders, the data feed can be either the data that was downloaded in the background during the time you have your charts active or you can import tick data from a 3rd party. You can change the speed of the replay as well. So you will have at no cost a simulated market experience that is very much closer to live conditions than most Forex simulators, free or paid.
To free Gazans of Hamas, use whatever it takes.
  • #105,440
  • Jun 13, 2020 7:06am Jun 13, 2020 7:06am
Quoting DrDave
{quote} I am not aware of any trade simulators that offer what you desire--essentially a duplication of live events unfolding tick-by-tick AND ability to execute orders as they would be executed live. NinjaTrader can use tick data to run the simulations, but when it comes to trade execution, unless they made some changes, it has some deficiencies. For example, when the stop loss is hit, the fill will not be at the price of the very next tick but rather will be at one of O,H,L or C of that bar when it closes. So using the Strategy Tester will give...
Market Reply is what i am looking for, I guess last price selected for the historical tick data instead of bid and ask won’t provide the real spread then?

About order execution, I will see once having the market replay running on the right data.

I don’t need to test any automated procedures or indicators like that just instant market order for the price available at that time/tick for the historical data, pending order would be great but not sure if possible on market reply with NinjaTrader.
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