twinchell, this is a very informative thread, I searched for the market analysis software and it looks really good, that is going to save me a lot of time, keep the good work, we need more threads like this on this forum!
If you have Excel you must also look at critbinom, hypgeomdist, negbinomdist & poisson depending on your need.
Best Regards, Chris
DislikedIn any event the software mentioned here is great and your notes great also. I have an aerospace engineering background and have been a index money manager for a large bank/broker for 14 years. Live Spot Forex less than one year. I had just began programming using my usual VBA Excel platform the various monte carlo, f, t, std. dev., std. error, etc. statistics. Thanks for the software recommendation, it will save me alot of time for my personal investments. Again, great thread!Ignored
DislikedTwinchell, would you please elaborate on this statement? I like the sound of optimal returns. How I get there is irrelevant. My psychic trading partner is Spock.Ignored
DislikedI regularly, deliberately and routinely violate quite a few of your "rules of trading" above - most notably the injunction not to try to predict the turning point of trends - and while I understand they are sensible guidelines, don't accept them as engraved in stone until I have thoroughly examined them and found them to be genuinely non-productive.Ignored
DislikedNice job twinchell! This should be required reading for all new traders. The fact is that position sizing can have a much greater impact on the returns of an account than the system used. Yet for every 500 threads on systems we get only one thread like this. Thanks for your contribuation!Ignored
DislikedAnother great and informative post twinchell. Risk and Position sizing is one of those areas where, as you put it, "I still just pick arbitrary values". I read Fooled by Randomness, and it talked a lot about Monte Carlo Analysis.
DislikedI want to share with everyone why I am such a "jerk" on this forum. I think it will be a special post #500.
When I started out trading forex I was a complete idiot. I knew nothing. I started threads asking people if they traded specific systems that totally sucked. I started threads asking people how to attach an indicator in MT4. I was one of the people I would be a "jerk" to today. I wish someone was a "jerk" to me at that point in my trading. I really do.
There are so many stupid things that we do and think as...Ignored
Dislikedthat post gives me a long in my shorts....
fyi : last activity jan 12, 2007Ignored