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To expand on the NO. If you take 20 or 30 of the most famous indicators of all time, attach 10,000 bars for say 100 financial instruments and evaluate their ability to objectively with no human involvement to predict future market behaviour you will find that statistically 97% have Zero ability...

No, most technical indicators are useless.

The real question should be 1) Do you want to figure things out and explore concepts and ideas and have lots of fun designing trading mechanisms OR 2) Do you want to generate trades that turn a reasonable profit. If 1) above then my god, yes, do lots of 3D graphs, get 5 monitors, program 27...

The whole premise of selling a system is totally stupid. If it actually objectively worked for a statistically significant period there are tons of private money people who will beg for just a signal feed...no need to sell anything. Of course you can sell any system to Trumpites as they are so...

It you are trying to anticipate future market behaviour you will need something predictive like a Neural Network. Visualization does not do that.

Orange is great if you are doing predictive analytics and wanting to anticipate future market behaviour in contrast to just writing some algos.

Well we might not know the name behind volpunter but he or she is one of the few people on this thread who understands something about data analytics and data science. My suggestion for 74.3438% of you is to stop debating this topic and sign up for some college statistics courses at your local...

It really depends on the observer. If you believe the universe is essentially random noise then that is what you will find and that is what you have to trade. If you perceive a subtle thread of symmetry in the structure of process and the enfolding of time then that is what you will find and...

Sergio, Excellent article that you pointed to in "This is one of the most important articles I have ever read". It has many right on points particularly that most people do not have the education or skill set to not be trapped by randomness is the design of a trading system. However it...

Sergio, Excellent point. However we need to remember that new edges can be created. Modern data mining, knowledge discovery in data applications can only find things that are defined to the application as data. Someone had the idea in the past to define the concept of a "trend line", the RSI or...

It would also depend on if you want to do much "discovery" in search of an edge. What I mean is those who discover a new perspective in a dynamical system like the markets have an edge. It is information predictive of future behaviour that few might have. This gives your trading system...

Your strategy might have some holes in it. If your new system has for example a process that uses let's say uses PCA, Neural Networks or similar to analyze say data component relationships or something like that you will find an almost miraculous occurrence. YOu will be amazed how well your...

So your models could not handle a Black Swan event? Why not just develop separate models for large earthquake, very large earthquake, very very large earthquake with tsunami, asteroid impact destroying 1/5 of Earth surface, outbreak of Zombies and so on? We have them. On slow days I love to play...

Global, One of the downsides of human comprehensibility is the required dumbing down of what is a very complex process. The human mind can deal efficiently with 7 to 10 components/factors in a situation requiring evaluation or judgement. This is probably because for most of the last 5,000,000...

I agree with the above comment especially since the trading utility of such simple rule sets is of little long term utility. My trading "algos" are the result of training 100,000 of bars with SVM, DL, or Neural Networks applications. The resulting learned model when exported to C++, JAVA or XML...

The traditional name for the is The Baltimore StockBroker Scan (it's taught in statistics classes.) It enables you to present prospective clients with a track record of 50 winning traders in a row

I suspect it must be a North Korean plot of some kind trying to destroy confidence in our fine trading firms.

You are correct. The original comment on this is nonsense. The US is not North Korea. One can announce that today I filed a lawsuit against XYZ or today I ate an ABC pizza. You don't need permission from DEF Pizza company to announce you are eating the competition which might imply something not...

What kind of bunk is this? The statement "I have filed a law suit" is a statement of fact....like "I am buyng a toaster at Wal-Mart today at 3:15 PM".

I love those courses where some guy will charge you $20,000 or $30,000 for the secret to making a fortune in the market. There was a guy named W.D. Gann who used to do them...became a kind of financial cult leader, with astrology and magic numbers based on the law of vibrations. Of course when...