Search results

Max draw is random. Only tells you what happened in the past. Ron

As opposed to having a black box make the decisions for you, I guess. Ron

Hi Harrold, the answer to your question is the following: you need such a program for analysis and automation purposes. You can use a data miner to find the patterns, analyze their historical performance and get the programming code to automate buy/sell signals. There are only two software...

Can you do shorter timeframes? Like 4h charts? Thanks, Ron

Anyone using this program to trade forex? http://www.tradingpatterns.com/Software/APS/forex/forex.html The program -- apparently a data miner -- can find good numbers of patterns in daily and intraday forex data but I need to figure out a way of selecting those with the best potential to...

By the way, I just noticed that most of your recent posts are in Politics & Religion and you constantly attack other posters. You have a serious problem, these threads are not for you. No trader has time to participate in a forum about Palestinians. Since you have done that, it is clear you do...

Put it well in your mind that electronic brokers will screw you at one point or another, intentionally or unintentionally. and it will cost you more than a full service broker. You have limited experience trading, this is clear. You are probably a small time trader who counts the pennies...

Put it well in your mind that electronic brokers will screw you at one point or another, intentionally or unintentionally. and it will cost you more than a full service broker. You have limited experience trading, this is clear. You are probably a small time trader who counts the pennies...

You are right. The reason is simple. The OP was not smart enough to close each short position slowly using buy orders but he was so lazy that he used the basket trader. When you do that a broker (I'm not say IB did that by the way) can front run the basket order for several minutes and find...

Illegal operation! Since you have already assumed a = b, you cannot remove the multiplier (a-b) because a-b = 0 and removing it means dividing by zero, which is an illegal operation you learn in elementary school algebra. So actually you have proved how silly people can get with basic algebra...

Hi Hugin, this is an interesting approach but maybe problematic. Besides the problem you mentioned about decreasing quality of entries, another important consequence is an uncontrolable win/loss ratio. This often demands a higher success rate. This is an excellent article by someone who has...

What does "trading against it" means? Is this a public admission that brokers trade against their customers? Ron

IMO the FED has sidetracked from its main objective which should be ZERO INFLATION and it is now acting as a liquidity provider to corrupt investment bankers in exchange for worthless paper. American taxpayers will pay the bill at the end of the day with higher prices as the dollar is debased...

You cannot have increases in the CPI and prolonged deflationary environment. I wonder why nobody spotted your contradiction. If inflation goes up this year it will stay high maybe beyond your 5 year target period. The optimum action now is to raise rates by 0.25 bp otherwise the dollar will...

http://www.sec.gov/news/press/2008/2008-38.htm Ron

Maestro, I had the same views about technical analysis in the past until I paid more attention to the possibility that anomalies do exist and can give rise to patterns one can use to make money. Michael Harris wrote an article back in Sep. 2002 where he used a program to find price patterns in...

Bad 0 to 1 (negative profitability) decent 1 to 1.5 (if realized in bear market. Not if prices trend) good 1.5 to 2 (if realized in bear or volatile market. Not if prices trend) very good 2 to 5 (in any market) exceptional +5 For most people, if the wins are 2x...

Gambler's fallacy is tarders worse enemy. Ron

No, that is the profit factor PF = amount of wins/amount of losses = 7/3 = 2.33 The win/loss ratio = avg win/avg loss I look at PF as the most important parameter. Read carefully the following artcile to understand how the profit factor and win/loss ratio are related to the success rate...

When you play poker to you get paid for your labor? or for your service to the other players? Does the zero-sum nature of the game depend on whether a player tried to cheat? or does it depend on whether a player is a great bluffer? No Ron