I'm not sure "controlled" is the right word. The markets are moved by fear and greed but I'm not sure what can claim to "control" the markets (aside from Greenspan, that is).
I do know this: fear lowers IQ points and greed lowers IQ points. The smart traders are the ones who (a) have a plan...
Hi, mmillar
If I get your meaning, I can't use EOD analysis for intra-day trading. I agree. Fortunately I am using EOD analysis for EOD trading. I am trying to get the edge up to the point where I can trade larger than 2% without detrimental risk, but that is another matter for another...
Hi, AusTrader
Thanks for your offer. I'm just trying to set up a realistic backtest on a spreadsheet. If I can enter at the open, that's great, but I didn't want to just make that assumption in my test. I have an indicator that can be used stop-and-reversal fashion but that strikes me as...
Thanks, Vince1
The link on slippage was very helpful, and I stand corrected on the open market buy. Do all brokers offer that sort of market order? Is it available on futures?
And is anyone here experienced in testing trailing stops in their systems?
It's going to be inaccurate anyway. There's something called slippage. Nobody gets filled exactly at the open, unless they have some connections. I don't. And if a market order I put in early doesn't get filled until the close, I'll be mightily pissed, as anyone should be.
Can someone...
Nobody? :(
Well maybe I can get some answers to some general questions ...
As indicated, I am using an EOD system. Assuming a next-day market entry after a buy signal is generated, should I assume the average fill will be, say, one-third of (O + H + L)? Something else?
Assuming I can...
Is anyone familiar with backtesting EOD systems on a spreadsheet, and would you be willing to answer some structure set-up questions?
kut2k2
PS the spreadsheet isn't excel so I can't just buy some trading-system add-on. But the formula syntax should be the same as excel or nearly so.
True. I for one couldn't care less about 'support' and 'resistance'. I look at market direction. And it doesn't hurt that I look at both volume and price, not just price alone. TA is almost like a mirror; people get out of it what they're willing to put into it. Follow the crowd, you get...
You keep missing the point. Everybody is NOT looking at the same chart for TA.
Previously you said "TA used by itself would have had you buying on 'support' all the way from $80 to .80 on Enron.". Again, you think all TA is the same. Ignorance is bliss, I suppose.
Hi
Please tell me the minimum account sizes, and where to find them, that I need for EOD position trading in (a) stocks, (b) futures, (c) options, (d) forex, (e) anything else that may be worth trading.
Thanks :)
kut2k2
Hi
Please tell me the minimum account sizes, and where to find them, that I need for EOD position trading in (a) stocks, (b) futures, (c) options, (d) forex, (e) anything else that may be worth trading.
Thanks :)
kut2k2
No.
You've been given about a half dozen decent ideas in this thread alone and apparently you still aren't satisfied. If you're sitting around waiting for somebody to drop a Holy Grail in your lap, my advice is 'don't hold your breath'.
I agree with everything you said. But to answer your question, you have to look at the history of TA. Imagine you're a young healthy guy fresh out of high school and you get a job in construction, permanently or just a summer job before college. The first day, your boss walks up to you and...
I like your thinking here. Any idea how to gather those past crucial economic indicators so they can be added to backtesting? I'd like to do more than just rearrange price and volume data, but I'm not sure what all else to look at. TIA.
Because I'm looking at going short as well as going long, it's possible to hit that "infinite downside" and get more than wiped out. So "(P99<0," is there in case that happened in a previous cell: I just replace any negative equity with zero all the rest of the way.
(G100/G99)^K99 is my...
Hi, OddTrader
:confused: :confused:
I think you're referring to an error message? If so, that's not the problem. The formula "works" great, I just think it's a garbage output.
Short-selling is the opposite of buying long in more ways than one. With buying long, you have a finite...