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We are talking here about a serious nut case. Are you going to stop farting around moron? Do you understand that what you wrote down is a very special, almost trivial, case of risk of ruin? Do you understand you moron that there are trading systems with p < q and avg. win >> avg. loss your...

What you learned 50 years ago doesn't apply today. Why don't you quit and go enjoy your retirement fishing or playing golf with other gold bugs like you?

Chance of 100% account loss 100.0%

If a system makes money why publishing its signals in C2? So it stops making money?

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No, you are playing with yourself... Capitalism is a philosophy, just like socialism. Philosophies do not fail. The systems that apply them fail. Capitalism was never applied correctly, just like socialism. The politicians who tried to apply capitalism failed the same way socialist fail...

Do you have the rules used in the backtest? We backtested the turtle method on System Writer Plus early 1989(now you know I've been around the block a few times). The backtest results were exceptional. I bet hundreds of others were doing the same at the same time because when we started...

It is clear he doesn't understand the problem or even what is being discussed here. He copied and pasted an informal proof of the probability of reaching T before reaching S for the trivial case when win amount = +1 and loss amount = -1, given that p>q. As I said this is an informal proof...

Where's is the meat? I know, promises, pormises of math but I never see any. P.S. This guy does some basic math. Not a lot but he does some and uses it to explain some things, not all.

It is easy to find it. He won't come here though. It's a tough place for alchemists.:)

Do you know how the system really works, or just read about how people think it works?

I usually get filled at the reported open/close for liquid stocks. For illiquid stocks you will get slippage. Keep in mind that MOC orders must be submitted ahead of time depending on broker. Mine requires at leat 20 minutes ahead for MOC and 10 minutes for MOO.

You forgot 0 charts. ---> Do you think HFT use charts? ---> Do you think fast scalpers use charts? ---> Do you think all price action traders use charts? I know of some people that use only a feed and their algos with no charts at all. When you enter their office you will never be...

He is probably using the indicators for confirmation or something along these lines.

Ron Paul doesn't understand basic differences between US and EU money creation and some people want him to run this country? http://pragcap.com/debunking-ron-pauls-talking-points P.S. I agree with some of his points, like the need for a strong dollar.

Use anything that works for you and gives you a good feel of the market. Do not assign names to it. As soon as you label something, all sorts of logical dichotomy falacies emerge. How do you label the analysis of this guy below, TA or price action? http://t.co/QEiEJoNT

Tom, this was a masterpiece, one of the best - if not the best - post I have seen in ET. Thanks. 10^100 ***

Well you didn't specifically but I have no porblem with that. It's good to find out that some people are still backtesting. It's like hearing that some people are still using Morse code to send text messages. I think these ET threads may help you to move forward...

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+ I wonder about that too....