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I should probably delete my elitetrader account now :)

I'm not talking about ticker tape only. I'm talking about limit order flow in and out of order book. There are imbalances, spoofing and icebreak orders... Some orders are sitting there, some orders are canceled and some added. All have a potential to drive price. This is not a history. You're...

wow, it's like one attack after another... I'm not saying it's a definitive proof. Trading is based on disagreement and there are many methods that you can use to make money. I'm saying is: if a trader is looking at indicators and doesn't have much success, he should try to look at the pure...

"Reading the tape is the best indicator we had 20 years ago, and is still the best indicator we have today" Mike Bellafiore, SMB capital, net > $1 billion.

Yes, I'm assuming that because my software is homegrown based on the latest research in AI and I see people here mostly trading discretionary methods using off the shelf software, so I think it's very safe to assume. If there are other AI traders, I'd love to hear from them.

Lol, my approach to trading is very different from 99% of people here, so that's why the opinion difference. My tests of indicators overlaid on historical price told me there's little value as far as algorithmic trading goes, but I respect all discretionary traders making money with indicators...

I never said I was a struggling trader. I'm not looking for an advice. My style of trading is different from 99% of people. I came to his forum because I was looking for a contact at HFT firm. Now I know it was a mistake, because these kind of people do not hang out here. This forum is mixture...

Well yeah, I agree, but I was talking about laying indicators on top of charts and looking for patterns in history to guess what will happen to the price in the future - the classical TA.

Ok, so why would you want to know what happened in the past? Maybe to guess what will happen next? Mickey, we obviously are on a different wave length. My background is in financial software engineering with very technical and scientific approach to the markets. Being fresh on this forum...

:) Mickey, please enlighten me, if an indicator does not have any kind of predictive power to help determine future direction of the price, what is the value of an indicator then? Why would anyone use it? To make the chart look pretty? For an emotional support? Maybe I should go back and re-read...

I thought this was a trading forum. not investing forum... I can take almost ANY indicator and curve fit it to ANY market on 1 day candle yearly charts by using parameter optimization, and show you a beautifully smooth equity curve beating the market. But the truth is it will fail in the future...

When someone claims "indicators works" that means he is claiming that they have predictive power to help him forecast future price or direction to some extent, do we agree on that? Using statistical methods and writing a testing software you can test this claim, which I did on FX. If you do...

Well, I should clarify that I tested “the shit out of indicators” on the FX market which I concluded are pretty random. I spent almost 3 years reading guru’s books and testing various algo strategies. I also did correlation tests of most common indicators and also fancy “adaptive” indicators...

I guarantee you, that if I generate random number chart with Gaussian distribution, dress it up with indicators & trend lines you will not be able to tell it apart from a real stock chart. I did this exercise myself and was shocked how my brain was recognizing all the patterns guru's books tough...

Yes, correct, all garbage :) Do this: Generate a chart using using Gaussian distribution random generator. It's gonna look exactly as any stock or forex price chart. You will see resistance and support levels, head and shoulders, flags, bounces, break outs... etc.. you can draw lines, overlay...

Indicators may have worked in the 1970's, 80's maybe even 90's. Traders were using them successfully make money (eg. turtle trading rules) markets were trending. The first guys in 70s who applied computers for the first time and moving average crossovers made like billions :D Then they stopped...

I read this thread and I went and opened a demo account. I see red flags: 1) Advertising "Spreads from 0.0 Pip on BTCUSD - Pure ECN Spreads" While in fact they have fixed 18 pip spread, almost $2. 2) Offer 100% bonus deposit. Except of casinos who does that? 3) Lots of errors and not working...

Here's live trading on a real account. If you refresh this page, this image will update itself. 2077 trades right now over 5 days. I asked the admin to delete this thread. Case closed.

Thank you John! :) Finally I found one person not attacking me on this forum :)

Your retail experience and things "gurus" told you indicate that making money with long trades in downtrend is not possible, I understand. They usually say things like "don't try to catch a falling knife", I would not attempt to do this with manual trading. Let me remind you this is a bot that...