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In Chapter 20 of the book “Street Smarts” Connors and Raschke show how to use Historical Volatility to trade with. In the appendix they explain how to calculate it. They use the 6 day / 100 Day historical volatility. I have used a variation of this successfully in swing trade stocks on daily...

I was a DBA in a steel mill where we converted the chemical formulas and mechanical processes into a Oracle Rule based system. They used Smalltalk on PC’s hooked to our MODCOMPs to plug in actual steel making results and modify our rule base. This is not as hard as people think it is. It is...

I forgot to add something as I just got done looking at one of my automated trading systems. This system produces some dam good trades. But I cannot trade it 60% of the time. It is a volatility based system. The problem with this system is if volatility gets too high it produces long strings of...

I’m a retired Computer professional who trades. I taught computer science and wrote my first commercial system in 1973. How hard can it be to automate to trade? It is hard. Try programming the trend. Sure linear algebra is involved. But try to get this trend you program to tell you the most...

I tried to search for the 20 old threads on the subject “95% of retailers lose”, but could not find the answer that has been posted before. So I will give it to you from memory. The last time I remember the press using the 95% stat was when congress was passing the “pattern day...

I agree with you. Back testing is a waste of time for your edge. My guess is many traders here support you a 100%. However, back testing is a key part of my trading. I would not be retired without it as part of my edge. Where is it written in trading we can’t do things different and...

This is about the 100th time I have seen this topic. So, I finally decided to finally toss in my two cents. We all agree traders lose money because they don’t know what they are doing. Here is how it happens to most newbie traders: The majority of newbie traders start out by reading...

TT You said “…the more I see it is as much feel as it is working within the system…” I would like to comment on this. What all successful traders eventually find out is that their trading is a form of artificial intelligence (that is like AI in computers). Each of us develops a...

TT Yes, I still manually swing trade some. Most of my swing trading is now automated. I am almost shut down now. I’m retired and I am getting ready to spend the summer at the lake. I will take a few more manual swing trades until the weather cooperates. How long I stay in a swing trade...

TT When I started stock swing trading 20 some years ago in the early 90s I had wild P&L swings over the span of the first decade. It would do great for maybe a year or two and then it would all change on dime and I started losing. It was frustrating. I kept thinking my technique was all...

A favorite classic line I have heard hundreds of times is: “I am going to make you more money than you ever dreamed of…”:D

How can we be dumb-humble traders when we write such brilliant plans? We all know we are smarter than the plans we write. It is simple. I need to be right at any moment with the chart on the screen. It outweighs my puny plan and its rigid rules that stifle my imagination and creativity...

Hum. Bearish order flow? That must be the reason my long swing trades are doing so well and look the S and P is at about 1308. Huh? I will have to look at this bearish order flow more often.

I read this: “On the technicals: They are not good, in my opinion. Further we've had very good opens and not so great closings recently (apart from today where we had a shit close and a shit open with a grind higher in-between) which is not good. Put/Call ratios are really much too cheerful...

Yes, reversal trading systems are difficult to program. I can attest to that after 14 years of programming them as a retired professional programmer. With reversal systems the exit is your entry so you really learn what makes prices tick (pun intended). Otherwise a bad exit entry cost you on...

MultiCharts accepts TS EasyLanguage code and you could trade using IB's API with MultiCharts.

The UN heard you (from the news): The U.N. Security Council, by a vote of 10-0 with 5 abstentions, authorizes a no-fly zone and "all necessary measures" to protect civilians in Libya. Military strikes are expected within hours. April crude pops another $1 to $102.77/barrel.

From the News: The U.N. Security Council, by a vote of 10-0 with 5 abstentions, authorizes a no-fly zone and "all necessary measures" to protect civilians in Libya. Military strikes are expected within hours. April crude pops another $1 to $102.77/barrel.

There are 10,000 systems available today, from books, magazines, canned software, subscriptions, etc… I spent years and years playing with them. There are scores of excellent authors, for example Michael Harris, who can provide the internal mechanisms (and the code) of a good trading system...

Nice Call. We may see some more strength.