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BearTrades, Another thought about crossovers: I don't trade them but data presented in Kaufman's book Trading Systems and Methods and in Jaekle & Tomasini's book Trading Systems also suggests that they can work. I'm currently reading the new 6th edition of Kaufman's book, which has had some of...

There's a guy named Steve Burns on Twitter who periodically shows results of backtests suggesting that MA crossovers can produce good results. He's talked a lot about 10/50 EMA crossovers and occasionally about others during the past year. Like a lot of traders posting on Twitter, he sells a...

I selected moving averages and would have also chosen momentum indicators if they had been included in the list. Have been able to develop tradeable systems using indicators such as Ehlers Stochastic, StochasticRSI and Relative Momentum Index.

Richard Dennis has talked about this a bit over the years. “I don’t think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could...

Thank you, those numbers are great food for thought about what success can look like for different traders. Wish you and your family a great Thanksgiving holiday.

In the spirit of Thanksgiving, I'd like to thank everyone who contributed to this fascinating thread. I just read it for the first time. I believe strongly in the idea of deliberate practice that came out of the work of Ericsson and others and I've used the concept to improve my own trading...

GAT, I'm shocked by how low that 5.9% number is. With a large number of people participating, I would have expected the #1 trader to be making at least several tens of percent per year with a reasonable max drawdown and other performance metrics. Does the Fundseeder scoring system give...

Good movie... Great scene... Outstanding last line... (some vids of the scene leave out the last line, but this one gets it right)

Could the average daily range (ADR) be what you're looking for... Some sources indicate that ADR is like the ATR but doesn't include the gaps. One site defined them as "Average True Range is just an arithmetic mean of the True Ranges for the N last candles. Average Daily Range is an arithmetic...

I'm always surprised to see articles like this. I assume these are really smart guys running funds with money that is very precious to them and they would have already done extensive testing of different ways to exit their trades. This would have led them to develop specific rules like "when...

Ssp729, I think better information about use of candlesticks would come from reading an author like Thomas Bulkowski, who has done statistical analyses on candlestick patterns. He tried to reduce their inherent subjectivity though I'm not sure how well he succeeded. You might consider...

Deadtrader, There is a lot of good advice for you in the many responses in this thread. My favorites are the ones suggesting that you take a break for now and then at a later time, if still fascinated by the markets, get involved again in a way that doesn't lose money while you're learning. And...

Tom, I appreciate your contributions to this site and other forums as well. Basically agree about ForexFactory...though I sometimes look at their Trading Systems section because it can be a source for new ideas. Instead of "All well known strategies can be made to work.", it might be better...

"Using a quantum computer, researchers at the information-technology giant had carried out in a smidgen over three minutes a calculation that would take Summit, the world’s current-best classical supercomputer, 10,000 years to execute." My first thought was to wonder about the impact of QC on...

I tracked down a description of a slightly more optimistic study on Brett Steenbarger's TraderFeed site. This study found that a small number of daytraders "are able to outperform consistently". Steenbarger's article is pasted below and can be found at...

Daniel, there are a lot of struggling traders out there and I was thinking that you might get a large number of responses. Have you thought about the best way forward if you get, say, 50 or more requests in the next few days... Best of luck to you. Hope you'll come back later and let us know...

Hi Badget, I have read many books. Some were good primarily because they were very interesting/ entertaining (e.g., Pit Bull, Winner Take All, Liar's Poker, Schwager's Market Wizard books, Confessions of a Street Addict, Running Money, Trend Following, Reminiscences of a Stock Operator...

Hi Padu, What role does the moving average play in choosing entries or exits using this approach?

Would Jack Schwager's Fundseeder or a similar program be of use to you? https://fundseeder.com/home

MK, Accurately and succinctly stated and one of the best pieces of advice given to bluejack in this thread. A rules-based positive expectancy system supported by backtesting performance data is the best path.