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Why should it be easy? Not possible to specify unless you say what your backtest should consist of. Excel is free form enough for alot, but too functional for more flexible rules. My current choice is ruby because very little overhead on syntax/semantic rules, types and unnecessary dependencies...

The best Edge is what you can rely on the most. Trading money though, is risk capital and can be lost in a flash one way or another (ie. broker/legal risk). You've said it yourself, you've been taken into unwanted larger losses and this have made you pause for a year or so. If a $10K account...

As long as you're still in the position, there's no realized loss, yet. However, if this is an unbearable drawdown, you should contemplate how and why you put yourself into that position. Ditto if this is a big drawdown. If you sell, you realize your loss. If you can live with it, this is often...

Basic trading concepts / entertainment:

@birzos : Actually, I have no need to ask questions usually, or since I do research myself, I ask myself. Only my own answers will directly be relevant to my current stepping stone in trading, something which will be noise to others. Backtesting still takes a few hours though. Often discussions...

It's Okay. You can also share what you don't want to share, and why ;) I think most people try to avoid hitting highs and lows though. Trading in direction of order flow seems good and safe enough.

He does use multiple timeframe analysis to filter out much of this though.

What kind of trading experiences and knowledge are you not willing to share, and what are you willing to do share? Being firmly break-even and long-only trader my inputs probably often cause more confusion than clarity. However, this guy seems to share something of true value: PS. Please...

Karma == Consequences What you sow, you shall reap. Most religions try to awaken humanity to this fact. But because we're beings prone to deception, superstition, too readily believing any story presented to us, we stumble in the dark. This, until life presents us with enough experiences to...

Short-term retailers tend to be even more short-term than trading on EOD-data (yes, momentum/swing). For these people, buying into commercial buying climax (retail selling climax) is out of the question due to tight stop-losses and high-risk trades. Then the rule could be to look for entries...

You can just say price and volume. TA is price and volume analysis. Direct analysis on what may be profitable, instead of indirection. Some people prefer that. Anybody meaning something else by "TA", I'd challenge them to put forth a precise definition. If price is really high, are you...

I think you show you've got many things going for you - integrity and honesty being one of the most important aspects, not just to others, but most crucially to yourself. Regarding your points, sharing them with others might help you who knows: Have you thought about semi-automating this...

Well done finding a link that clearly state the objective truth, that any official "definition of insanity" is not about doing the same thing over and over again expecting different results. Of course it isn't, but that's actually besides the point of the adage. Sayings like that must be...

Two words that sum it up: Early Optimization What, I'm not that smart I can figure it out in one year analyzing charts and working like crazy with indicators and formulas, thinking I can force understanding out from my magical brain? Isn't this how you're supposed to solve problems: work hard...

Trend or not, directional trading is about being on the right side of price differences. In order to manage to be on the right side more significantly than not, one needs to stop relying on hope, greed and dumb luck. Instead, start focusing on creating a process that may work. You never know in...

Any large volume order may attract more trading around that level or even cause reversals and trends (ie. someone big is supporting the market). Basically large orders will want to hide over time, not create icebergs on the DOM, in order to prevent predatory market behaviour and bad fills. How...

For even very general algorithms beware of in-sample development vs out-of-sample results. If the algo performs poorly out-of-sample you need to figure out why and if this can be improved. Many many sources of biases may lead you to faulty conclusions. In fact, this is a very good argument for...

Simply put you can take any average volatility-measurement and choose which number to multiply with. Ie. 3xSTDDEV or 4xATR added/subtracted to the average has statistical meaning about probabilities. Bonus if you do this in log-space instead of linear numbers to account for percentage growth and...

If there's little volatility, you can expect more volatility soon. So it's about having the right anticipations/setup combined with being able to stand the inevitable losses. Nothing out of the ordinary going on in your charts, but it's all very short-term. Longer-term background can help you...

I think it may just as well accelerate from these levels too. BTFD.. However who knows, could be wrong too. Could be next stage is BS grind or even nosedive. With this thinking you cant be wrong!