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Money management is not new it has been around for generations of other businesses. A few years back traders borrowed the term “Money Management” from business management along with many other concepts of the business plan (this can be verified by Googling the words “small business money...

They don't communicate they pontificate.

To quote another trader "They are pathetic and dangerous in their incompetence. Get a broker with support staff that actually knows what they are doing." TS continues to operate in a vacumn and do little to satisfy their customers needs. If it was not for the charting capability they offer I...

Before I begin I think RedNeck Trader deserves kudos for politeness. If only my words were so tame in addressing others… Money management is not the “Holy Grail” but rather a business tool. However, I use money management like the “Holey Grail”. This sounds contradictory but it is...

My indicators confirm the markets are leaning negative. Support for the S & P 500 at the 800 level will be key. If it holds we can expect a nice bounce up.

I do not agree with you that all systems need to be tweaked. Many systems just need to be executing in similar market conditions to the ones they where originally created and tested in. This comes out during walk forward testing. You left out which platform your indicators run on. I would be...

Your both correct. I trade automated systems off weekly and monthly charts as well as do reviews of statistics weekly and monthly. Many of the stocks I trade with intermediate term systems such as weekly allow me gage my progress against the markets much easier. I also find these longer term...

Wayne, Thank you. But rapped up in this is an important lesson Ilearned. One of the things most traders tend over look in automated trading using weekly and monthly charts. It may be boring but it gets the job done. In bull markets volatility is lower and these trades can produce nice...

Wayne, Nice Post. However I will answer one question. That's interesting. Do you know anyone that makes a living automated trading "canned" applications? Never heard of it myself. I bought eASCTREND for tradestation when it came out about 10 years (?) ago. I don't trade it for a...

I’m sorry you and others failed to grasp my analogy in the comparison between Ninja Trader and Tradestation. I was not singling out Ninja Trader or Tradestation for criticism or praise. Nor was I saying the Ninja Trader cannot do a Set Trail Stop. I was not trying to draw a defensive posture...

Your forums question is very timely. It is the same as the one we have been discussing in the “Programming experience” forum. The crux of the issue with platforms for trading development is the extensiveness of the toolset for programming. Most platform languages concentrate only on the...

Rosy2 has convinced me that it is time for a retired old dog to learn some new tricks. There are many long time programmers, like myself, who have large base of strategies or profitable systems in older platforms like Tradestation using Easy language that we started developing the in 1990s when...

Rosy2: I beg to differ. These tools are not generally available on trading platforms. Platform does not mean we are putting piecemeal clutter together that have no relationship to each other. We are stating a programming language in a unified testing environment that has integrated professional...

Gaj - The swearing was not the issue we are talking about. Many non-trading corporate professionals swear all day long at computer tubes. I know I did as a DBA at 2:00 AM when I used to recover 2 gigabyte databases before I retired to being a trader. However, I never recall DBA’s being...

Ballsofgold – There are many areas to touch on in professional programming that have not been made available to retail traders. But one area stands out. Professional programmers are tied to testing. Up to 60% of professional programmers work is often devoted to testing. The professional...

These kinds of articles are disgusting. They portray traders as animals in the heat of the hunt, tearing apart their prey as they swear at them. Writers never take the time to show the real work that goes into trading profitably and the discipline that real traders must show in order to succeed...

BallsofGold – I program my own models. I wrote my first commercial software in 1971. Many of the programming tools in that era were easier to use than the software of today. In short the trading industry flunks programming 101.This will continue to happen until Wall Street demands this...

Your back testing sounds reasonable for the time period you chose. However, some other optimization methods may help. I suggest you back test in a period like part of '02 and '03 that has similiar volatility characteristics to todays markets. Then walk forward the optimization settings to...

Thank you for the comment. I agree with you that new traders building automation overlook slippage and commission. I know I did. When I finally used a reasonable slippage amount during testing it allowed me to be see some big holes I had to correct in my strategies algorithms. Without...

You are correct K ratio can be calculated for any time frame. I was referring to TradeStation who does not show K-ratio or Sharpe Ratio from intaday optimizations.