When I try to develop system,I open charts,and I go bar by bar and try to see how system performed.
you have no idea how bad it hurts me when i hear traders say this
Relax and be happy.
- #21
- Oct 23, 2005 12:19am Oct 23, 2005 12:19am
- Joined Mar 2004 | Status: Magic Man | 3,220 Posts
you have no idea how bad it hurts me when i hear traders say this
- #22
- Oct 23, 2005 11:16am Oct 23, 2005 11:16am
OUCH!
you have no idea how bad it hurts me when i hear traders say this
And you can always ease your pain with some good advice.
- #24
- Oct 27, 2005 12:11pm Oct 27, 2005 12:11pm
- Joined Jan 2005 | Status: Keep Learning | 1,180 Posts
regarding your future data idea, i dont do this personally, but i know of developers that do use randomly generated data. i cant get past the theoretical point that market data is not randomly generated, and therefore has no bearing on how my system will perform in the future. i would take solace, however, in knowing that my system can even make money on random data. thats what i call robust!
Thanks,
Nader
Well, I do envy you for finding the system that's right for you.. For me, I'm still on that stage on finding a system that's right for me..
You also have some good trading rules, will adopt most of it, if not all..
Right now I'm making my own set of trading rules.. I've already came up with 4.. plus your advices.. will may be able to come up with 11... good math ey?
Thanks also for all those that replied..
P.S.
I'm sorry to butt in with your coin-flip indicator..
But I recently discovered that based on the value of the coin (a quarter...
- #28
- Edited 11:59am Oct 12, 2009 11:46am | Edited 11:59am
Hey eastmeals,
What I've learned over the time, is that to be able to properly make a system, you HAVE to understand why PA does what it does.
Also, If you think something works, and everyone around keeps saying "it won't work because of this and that" well, test it for yourself, don't dismiss anything just because others say so.
For example, My SmartStop system (this is a Exit system only) is very diverse, and very useful, has saved a number of people from huge losses.
This system is Based on MA's, the one thing that nearly everyone will tell you to avoid because MA's tend to lose more money than they make.
Also, Ichimoku, one of the most successful system of this century (was developed after 20 years of research and became public around the 50's) and it's still used today.
Ichimoku is nothing more than shifted Moving Averages that are unique from traditional MA's, but are still MA's none the less.
My point is that if you think it may work out, test it for yourself. Nobody knows the exact reason your using it. Whatever you use, will have it's own unique purpose with YOUR system.
Oh, and one more thing.
What I've learned over the time, is that to be able to properly make a system, you HAVE to understand why PA does what it does.
Also, If you think something works, and everyone around keeps saying "it won't work because of this and that" well, test it for yourself, don't dismiss anything just because others say so.
For example, My SmartStop system (this is a Exit system only) is very diverse, and very useful, has saved a number of people from huge losses.
This system is Based on MA's, the one thing that nearly everyone will tell you to avoid because MA's tend to lose more money than they make.
Also, Ichimoku, one of the most successful system of this century (was developed after 20 years of research and became public around the 50's) and it's still used today.
Ichimoku is nothing more than shifted Moving Averages that are unique from traditional MA's, but are still MA's none the less.
My point is that if you think it may work out, test it for yourself. Nobody knows the exact reason your using it. Whatever you use, will have it's own unique purpose with YOUR system.
Oh, and one more thing.