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Babak>You hit a point. If you have discretionary elements your edge may very well remain. For example, WoodieCCIs have been out there for a while....but it still works (never tried it myself but have seen people doing well with it). However if a black box trader hands away his/her strategy...

The turtle strategy was contractually binded by Richard Dennis. It wore off a few years back and thast why some of the previous ones published that website with the rules. Typically secrets are not shared. I do not believe the fact that experienced traders freely give away their strategies. Tell...

Obviously NO.

Hmmm interest payments are like 1-5 pips only on a 24 hour period. Doesnt seem all that hard to beat to me.

I wouldnt say so. If simple was the way to go, everyone and their uncles would be making money. But sadly they aren't. And I was talking about risk parameters. Having risk parameters that take effect during adverse times by providing for example a possible downside floor, is not adding...

Pipscooter>Very interesting method. Hats off to you from another automated FX trader ;).

Its not possible for me to run the models tomorrow as I really want this additions programmed before I begin risking again as it vastly improves my returns. So no FX for friday. Week's P/L was pretty solid at +$1287.38. Best of luck to you traders.

Some nice trading today although the models sadly didnt capitalize on the big move well enough. The trailing stop took the positions out with a small profit before the big 100 pip move today. Would have been a great home run day. Oh well. The programming is still not sorted out so I will...

Okay some update: Wednesday P/L: +$1065.72 Thursday P/L: -$438.60 The early loser on thursday was a GBPJPY short which was caught offguard after that large move up. I have two trades open: short usdjpy, gbpjpy. I have noticed a possible parameter about the system that needs to be...

Looks like this week is going to be just as bad as last. Still some cash was made: Monday: -$60 Tuesday: +$137.64 (only 5 hours were traded) Wednesday: (as of now) +$395.72 I had to close off a USDJPY short trade as my connection went offline at breakeven. System would still be in the...

Indeed I agree with you regarding the use of whatever works for the trader. I was making an observation where some of the old technical indications and patters might reappear again. I know that TA works because well I make all my money with it :D

I cant help but laugh at this incident. I do feel bad for the trader but I just find this to be a hilarious goof up.

Yes however when you run a global operation you would think there would be independent risk management parameters that dont extract data from just one source alone.That's a disaster.

I actually like the fact that people are moving away from TA. TA only works when others are NOT following TA. So let the other traders trade on funny mentals while I stick to my Technical analysis.

Talk about a bad programming error. You would think someone given 100+MM would be able to put in risk parameters to counter that.

Here is what one of my friend's brother is doing: He graduated with an engineering degree and has worked at ConEd for around 3 years now. He has tried to achieve as many leadership positions as possible and get to manage people. He now has a sizable unit working under him. Currently he is...

Do cash FX money managers need to register to be a CTA? I am not sure about this but I think that they dont. Can anyone please verify? Thanks. Fitrol> Very nice stuff. Congrats on your success.

My trading model is basically 80% mean reversion 20% trend following. The trend following concept is key because even though markets tend to trend 10-20% of the time the magnitude is great. Thus during periods like that the model uses that input and creates a directional bias in that direction...

40%? What about those equity desks that basically fired during the recession (particularly the salemen). How about the bond and arb desks fired during 1998. Yes IB work still needs to be done. Winging means you can BS. Tell me does IB work need any incredible creativity? No. You basically look...

Here we go. On IASG check out Dynamic Allocation CTA Fund LLC.