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Very much agree here. These retail platforms (Ninjatrader, Tradestation. etc...) lack the capability to perform the broad spectrum analysis needed to recognize alpha factors, as they are one-dimensional. No professional with a clue, would copy, or steal any strategies designed with them, and the...

That's correct. I just emphasized it, since many neophytes don't have a grasp on order flow dynamics.

Unfortunately yes. It doesn't mean you can't use some intuition or context, or even live trade while you develop, but only for research purposes, otherwise you're just dodging bullets, instead of shooting them.

Live testing (small size) gives you a picture of where (or if) your orders might get filled. In many cases, a backtesting model can't be trusted without this live data, so live and backtesting should be combined. Once you're able to build a single strategy with that information, you can then...

“The random walk model of price change has been so durable because it’s nearly correct. The difference between futures prices and certain random walks is too small to detect using traditional time series analysis. Incredibly, this difference is detectable using trading systems.” — William Eckhardt

I can't determine whether you're wasting time, but I can tell you how to invest your time, to have a fighting chance. Hopefully, my advice falls on open ears. Price has minimal conditions that can be measured, filtered, and quantified. This is the area where generic methods fail, as it doesn't...

One month, maybe two, or even three. Consistently year to year, it's a pipe dream.

Even 5% a month, you'd be a rockstar. I think the OP has some hard lessons to learn in the "mathematics of leverage", before he spends a dime on trading software development. That's not going to happen with live trades with long-term track record. It's all hot air. We see guys like this all...

Aren’t we all? I hope this is a joke.

It works, but not the way books and gurus explain it. The technical levels (entries, stops, targets) should be symmetrical and not pattern or OHLC bar based. Real TA is 100x harder to learn, as it’s heavily grounded within a quantitative framework. You need other tools, not just charts and...

Because everything is depressing. We're all living a fallacy.

Not really. Most is learned through trial and error in research and real-time.

Best to just get group mentoring here. No one has incentive to teach you unless you work for them. Do you have an entry technique? Quantitative, chart patterns, indicators? Intraday or overnight? That’s the easy part. The exits and sizing are what make or break you. You need a clear...

Yep, no edge to begin with. Reflect on that for a while and come up with something definitive.

But you're forgetting one huge advantage. It's called leverage. Try buy and holding QQQ overnight with 20:1 leverage. You'd have been wiped out, while i'm still crunching my numbers and taking my swings. Any idiot can buy and hold. Why are you on this forum? Go to boggleheads and circle jerk...

I can definitely attest to this. Once you do get it right though, it's a liberating feeling. The level of control you have with fine tuned custom applications can't be matched. It features and executes only what you want, and nothing else. I still have my off the shelf stuff as a backup plan...

Would you help her out??

This is just wrong. He’s not Hitler :)

That's some scary shit. Hero to zero in a matter of days. It's looking pretty grim for him.

So true. You can turn a tiny edge into a large one with gambling and probability theory, but you need the live trade data.