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And how do you backtest stocks and futures ? you need historical data from an external provider ! The quality of the data is always an issue but high quality data like Livevol is not for the average Elite Trader :) You need to make a balanced choice between quality and price. Here...

Just found this provider it looks relatively cheap, any feedback ? http://www.premiumdata.net/support/price.php

Noise reduction with minimal lag sounds great , I want to learn more about it :D As far as I'm concern I think you will always be late measuring a trend. If you're able to measure it, it means it already has happened. Consider the market as an alternance of consolidations and trends: you...

Very true. Why bother to measure a trend ? Whatever the method you will use, you will measure something of the past and the risk the trend is about to end is large.

I've been in one of those firms and can confirm what you say is very true. One of the question a (senior) trader asked me when I told him I was going to trade on my own was: "but how are you going to trade without the information we have here in the bank ?" It really made me wonder (one...

Thanks for the advice. I've focused on EUR/USD because I've manually traded this market for a while and found it great as a dsicretionary trader (nice breakouts and intra-day swings) However, it's a totally different beast when it comes to automation. I like the idea to diversify on different...

I'm currently working such on such a system for EUR/USD in Multicharts. Haven't found better that a break-even system for now: it's quite difficult to model the price action in the OR or following the OR to determine if you will take the A up, or fade it or wait for a C ... The human...

Do you also use some kind of martingale money management as the OP did in this thread ?

I appreciate the fairness of your answer :) You're right, this method is flexible enough to make it your own. Keep up the good work.

I think you should read again the "CFA Code of Ethics & Standards of Professional Conduct." :)

Very good thread and thanks for the relevant information provided. Just a quick question, sorry if this has already been answered. What is the time basis for weekly and monthly opening ranges ? 1st day of the week , of the month ? I think I saw 1st Friday somewhere in the thread ? I...

Joman didn't understand this, thanks for the clarification. I now understand how intradaybill avoids curve fitting. :)

I might be wrong but I consider that your system has few parameters. - C is a parameter you can adjust: you can also use O, H, L. - 1 period ago is a parameter you can adjust: you can use x period. - ">" is a parameter you can adjust: you can use "<" or "=". Price patterns can also...

- Check how the neighborhood of your paramaters inflences your result. - Check what percentage of the tested parameters produces positive results. - Test in sample and out of sample. - Walk-forward analysis. - Real Time demo testing. - Use tools to quickly stop the strategy once...

I'm curious to see a system wihout any parameter: can you please give us a short example ?

Indicators can help you to interpret the price, especially with mechanical systems. Discretionary trading is a totally different beast and you should be able to spot chop without any indicator.

Read the thread below and try google. You should find plenty of ideas but unfortunately the perfect answer / indicator stil doesn't exist ! http://www.elitetrader.com/vb/showthread.php?s=&threadid=48845

Thanks for your interesting post. However, I still have mixed feelings about having a system optimized over plenty of markets and timeframes like you do. Of course such a system should be robust but what I've found is it has usually poor results in terms of Net Profit/ Max DrawDown. On...

In 1 month - full time - you're able to program 90% of your ideas.

Easy Language is much much easier to learn that C# ! You might want to give a try to Multicharts.