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Kind of like sea turtles:)

Just amateur thought process really. I was him last century. Takes some time to eradicate the emotions. Having deep pockets helps, so long as you have a solid plan, which I don’t think this guy has.

Nice little toolbox you’ve built. I love crude shit like this. Looks like you’ve caught on to some form of multi-variable analysis. IMO, this could yield some pay dirt if you can filter and optimize the states properly. Good luck young fellow:thumbsup:

Forward adapting to most recent volatility is the only way. Backtested and optimized is only good for R&D. Can’t be trusted live.

Doesn’t exist. Like others mentioned, you need to custom build from scratch, based on your own trial and error. Invest time, be patient, and have a back up plan if you don’t find gold.

It really depends on the type of strategy. Factors like frequency, catalysts, sizing, balancing, can add layers of complexity. If it’s just conventional indicators and MA’s, that’s easy peasy.

Because you’re dealing with storing and properly manipulating data, building an accurate backtester is magnitudes harder than building a live trading application.

Matlab isn’t really designed for execution. Third party, or custom built C# or Java, that can utilize multi-threading is best. Python fails there, as far as I know.

I think you think too much:)

Shit yes. In a non-stationary environment, it’s pure fallacy and can shift drastically from one significant sample group to the next.

Trading price action/patterns outside of a constrained and quantified framework doesn’t work. If you can’t explain how you make money, you don’t make money. Every profitable trader, retail or institutional, that I personally know, trades within an objective framework. It can’t be any other way...

You can get away with discounting the news information itself, as you’ll never get it faster, but you better pay close attention to the release times/dates, to even stand a chance as a daytrader.

For sure. Signals aren’t time scale dependent, and the required resources are proportional to targeted time scale. I know that sounds like common knowledge, but most retail players can’t grasp the realities. They think a $200 a month trading business expense at 20x leverage, allows them the...

I find it comical, that in this age of data science and technology, guys are still charting around. Just imagine a turtle at a horse race, to see what they’re up against. I’ll beg to differ on your conviction that nothing works now. I can tell you that it’s not in patterns and trend lines. The...

Have you forward tested it? Your responses sound scatter-brained. I’m getting the impression you’re lacking a solid framework to implement.

I know it all too well, and actually sympathize with them. It’s very hard to exercise these cash habits when you’re married to a modern westernized woman. They gots to have it.

The latter of course. Unfortunately most guys don’t come to this realization, until they’ve spent 20 years of life pleasing others, and realize 90% of the money chased didn’t facilitate good health and survival.

I support the idea of fair taxation, regardless of income, but none of what you mention here is what I’d consider a bare minimum necessity. With two kids, he can live in a cheaper 2BR condo far outside the city and commute, and can also send his kids to a safe public school. He can deduct the...

I doubt it. I’d put my money on a teenage video game junkie before OP. Not trying to dissuade him. People grossly underestimate the differences. They’re not subtle.

I can’t devise a method for you, but position size should decrease as volatility increases, and vice versa. A forum, or internet search should yield many results on how to use ATR to do this.