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EURUSD

  • #795,401
  • May 7, 2013 9:53am May 7, 2013 9:53am
Quoting SpacyTrader
{quote} New high ? Hopefully 1.3260 or so.
Depends what it does here..the clock is in your favor...
  • #795,402
  • May 7, 2013 9:53am May 7, 2013 9:53am
15m line rejected the price quite good from here.
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  • #795,403
  • May 7, 2013 9:53am May 7, 2013 9:53am
Quoting SpacyTrader
{quote} Certainly not the commercial EAs otherwise nobody would sell them. But secret private ones ? You certainly wouldn't know how those work
Those work. I'm sure though, they're not running on mt4 through some no name broker..
  • #795,404
  • May 7, 2013 9:56am May 7, 2013 9:56am
Trading's over for now.. Why don't I go do something useful?
  • #795,405
  • May 7, 2013 9:58am May 7, 2013 9:58am
Quoting attila
Trading's over for now.. Why don't I go do something useful?
lol
  • #795,406
  • May 7, 2013 9:59am May 7, 2013 9:59am
Quoting SpacyTrader
{quote} Certainly not the commercial EAs otherwise nobody would sell them. But secret private ones ? You certainly wouldn't know how those work
Correct all the EAs I program, I attempt to curve fit them to the current market, with now days spread calculator and a good tick data mining, its sufficient. But I can see the fears of someone who bough an EA.
  • #795,407
  • May 7, 2013 10:02am May 7, 2013 10:02am
Quoting ZacharyRC
{quote} Correct all the EAs I program, I attempt to curve fit them to the current market, with now days spread calculator and a good tick data mining, its sufficient. But I can see the fears of someone who bough an EA.
Problem for me is- how can you trust an EA (commercial or not) that is curve fitted ? You're basically betting that the future output of some random indicators will look very much like the past. There are very good chances that won't be so.

Only reason to trust a system is if it works over an extended period of time without modification.
  • #795,408
  • May 7, 2013 10:06am May 7, 2013 10:06am
Quoting SpacyTrader
{quote} Problem for me is- how can you trust an EA that is curve fitted ? You're basically betting that the future output of some random indicators will look very much like the past. There are very good chances that won't be so.
Be careful of what you deem past and how recent curve fitting is.

Also EAs that are set for all market conditions will diversify risk. But I recognize your concerns.

Please read:
http://www.arabictrader.com/arabictr...1D0C69349D.pdf

It will dive into your concerns and also maybe show some great information that you find attractive.

Very neutral read.
  • #795,409
  • May 7, 2013 10:06am May 7, 2013 10:06am
Quoting SpacyTrader
{quote} Problem for me is- how can you trust an EA (commercial or not) that is curve fitted ? You're basically betting that the future output of some random indicators will look very much like the past. There are very good chances that won't be so. Only reason to trust a system is if it works over an extended period of time without modification.
It also has to work on all pairs, equities, commodities, on all time frames without modifications.. Then that's something worth investigating.. I yet have to see one of those..
  • #795,410
  • May 7, 2013 10:10am May 7, 2013 10:10am
Quoting attila
{quote} I don't believe EAs work in the long run, unless you get into HFT.. but that's a different ball game.. you are talking PHD level stuff... and we don't have the connectivity required by such approach.
Not to be it would have to be practically spread free!
Luck has no place in trading. Leave that for the poker table.
  • #795,411
  • May 7, 2013 10:11am May 7, 2013 10:11am
Quoting Pair-me-up
{quote} Not to be it would have to be practically spread free!
Not necessarily.. Everybody's paying transaction costs one way or another..
  • #795,412
  • May 7, 2013 10:14am May 7, 2013 10:14am
Quoting attila
{quote} It also has to work on all pairs, equities, commodities, on all time frames without modifications.. Then that's something worth investigating.. I yet have to see one of those..
Well, my system seems to only work on a commodity/currency when it is priced in the currency of its main market. So I guess it doesn't fit your requirements And it seems to have some issues on regular time frames which is why I use it on renko. I have considered that it may need non-standard timeframes to make it fit better but didnt bother to test that theory.
  • #795,413
  • May 7, 2013 10:15am May 7, 2013 10:15am
Quoting ZacharyRC
{quote} Be careful of what you deem past and how recent curve fitting is. Also EAs that are set for all market conditions will diversify risk. But I recognize your concerns. Please read: http://www.arabictrader.com/arabictr...1D0C69349D.pdf It will dive into your concerns and also maybe show some great information that you find attractive. Very neutral read.
Long book.
  • #795,414
  • May 7, 2013 10:16am May 7, 2013 10:16am
Quoting attila
{quote} Not necessarily.. Everybody's paying transaction costs one way or another..
Correct you will not avoid expenses.

Dealers: Spread because their based on quote driven
ECN/Brokers: Commissions/ Brokers have to purchase a seat and then usually the clients can use their I.D. to purchase on the exchange paying a commission
  • #795,415
  • May 7, 2013 10:17am May 7, 2013 10:17am
Quoting SpacyTrader
{quote} Long book.
Correct your comment, helps explain a lot to me about your previous comments.
  • #795,416
  • May 7, 2013 10:19am May 7, 2013 10:19am
PA

Buenos dias culeros

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Mi Kid
  • #795,417
  • May 7, 2013 10:20am May 7, 2013 10:20am
Quoting SpacyTrader
{quote} Well, my system seems to only work on a commodity/currency when it is priced in the currency of its main market. So I guess it doesn't fit your requirements And it seems to have some issues on regular time frames which is why I use it on renko. I have considered that it may need non-standard timeframes to make it fit better but didnt bother to test that theory.
For what we are doing here, I think the best we can have is EAs (I'm not actually considering them EAs in the full sense of the word, more like helper tools), but we as traders still make the trading decisions...
  • #795,418
  • May 7, 2013 10:20am May 7, 2013 10:20am
Quoting ZacharyRC
{quote} Correct your comment, helps explain a lot to me about your previous comments.
Yes, I'm an ignoramus. Just wondering if its worth reading that much about system optimization. I see the book is highly praised by MF Global. Should be good.
  • #795,419
  • May 7, 2013 10:21am May 7, 2013 10:21am
OK, let me go do something useful.. like my beauty nap.
  • #795,420
  • May 7, 2013 10:22am May 7, 2013 10:22am
I want Draghi to speak!! Stuck at 1.3080
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