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Losing an unacceptable amount of money, and then learning to not do that again.

Okaaaaaaaay, you have a degree in financial engineering and you have asked the following questions; How much can a retail algo trader expect to earn? What should my expectations be for the year or two? What can be my sharpe, if i get lucky? Most successful traders are expert at identifying...

Exactly my point, I guess the general definition nowadays is if someone uses a moving average that their charting package has to calculate the value of they are "Algo Traders". :D

Algorithmic trading is a very bandied about term on the retail level. Define 'Algo Trader'? Did you just receive a Masters or Doctorate in Statistics or Financial Engineering? Perhaps you are just wondering if your trading income would change if you were to automate your manually entered...

First off, what makes you think that this stock has taken a breather from its trend? Plotting a simple regression channel off of its lows shows that it is perfectly situated in the mid-range of its trend. For some context, this is not a stock to invest in. The past two years looks like whoever...

No, not necessary to start at 00:00. I have a system that starts at PST midnight and another that starts at 6:30 PST. (I'm based in California) Basically set off Europe's open and US open. Since you are using Sierra Charts you should be able to get a custom VWAP study made that will start at...

Sorry about that, saw all of those dots and thought WTF. I suggest you parse your findings into times of day as well. RTM 1 hour before closing bell on Friday is never a good idea.

I call that 'friction'.

I don't know of any profitable RTM traders who are fading willy-nilly every break of the 1st std dev and then loading up with umpteen contracts as shown by the numerous dots on your image. You previously mentioned about getting in at a FEW different levels, this would obviously be the most...

That is why God in His infinite wisdom created Stop Orders. Trend or RTM, choose your poison.

Based on what you've said, you don't need to hire anyone. You just need to have a basic charting package that has VWAP and then start testing distance from VWAP as entry points. You can test it manually with your own eyes and acquire the information you are seeking. If you simply treat each...

ES, If not for any other reason than entertainment, please post.

as flawed as human maybe, as compared to the perfection of god, if there is one... the point is a less flawed machine can certainly replace humans in most jobs, which was the original point of argument. OK I'll bite, lets shoot the breeze and argue for fun... Wouldn't the above point be refuted...

Intelligence - the ability to acquire and apply knowledge and skills. AI Artificial Intelligence - the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation...

History repeats itself, most jobs cannot be automated and post dated interplanetary utopia checks are still just post dated checks. Trust no future however pleasant. I think most have been around long enough to know what comes after 'the market is screaming at you'.

First part true, second part not necessarily true. If a stop is too small in a high/y volatile market the stops will be hit and then the market will just resume in the direction of the correct daily bias. The only case this would not be true is if you have somehow found a market that the...

Could be read as a liquidation pattern - retail traders wakeup in the morning and see a microdip and in their Pavlovian way buy, buy, buy, as they have been trained to do for the last 9 years, all the while commercials are unloading nine years of inventory on them.

[has anyone ever backtested a method and then traded it profitably?] Simple answer to the thread question - yes, I have. It is my experience that most people new to trading think of backtesting in terms of automated optimization of fixed parameter indicators that results in them thinking they...

Midwestern, Interesting.... Seems like averaging down or averaging up into a trade setup that has a positive expectancy in terms of the day's directional bias would generally always produce better results. The bottom line with a time varied multi entrance method like this is simply trying to...

Discipline gets rid of both procrastination and fear.