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    did i apply curve fitting to my system

    You are probably a big time loser. The whole sentence by the way was: "Trading systems are evaluated not based on how they were developed but based on how they perform." You probably have lost everything looking for "constructive optimization" techniques (royal lol) to develop the sure...
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    This is what you call easy money

    It occurs until it is realized that it occured.... Stand by for a hefty correction... today or tomorrow...
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    did i apply curve fitting to my system

    Don't get into the habit... Most people are lazy (1), don't have the required knowledge (2)and have no money to test systems (3). Miracles don't happen... What is quite interesting is that you are asking for free tutoring about key elements of success. You need to pay a lot of money to...
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    did i apply curve fitting to my system

    Oh my, I wonder if you really know what you're talking about. I worked for a consulting firm that applied data mining to a wide variety of business applications, including loan data, automobile sales, etc. I' ve never heard of "destructive curve fitting" or "constructive optimization" What...
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    How long before you were fully automated?

    Jack thanks for your insights. Interesting stuff but isn't the case that hypotheses are just rules? Is it always true that when volume goes up price continuous in the same direction? I think it is not true always. Those rules are also probabilistic in nature. They are inductive in a sense. I...
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    How long before you were fully automated?

    Deduction requires rules too. Markets are not deductive unless we don't mean the same thing. Can you give an example of what you mean by "use deduction and logic"?
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    OCaml.

    No offence you techies but if you cannot program a trading system in excel or basic and make money none of these fancy languages will help you. Technology is a trap. Simple ideas make money. I know people who still take positions in commodity futures with quotes off daily newspapers and make...
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    trend chasers always LOSE !

    A contrarian makes money unless his views are not contrarian to other contrarian with respect to him views than generate moves against most other contrarian positions. I think this should settle the matter once for all...in favor a simple, common sense trend following with sensible money...
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    Neural Networks don't work for trading

    Why don't you keep quite doc? This thread is very amusing! :)
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    Futures are crashing thread for 4/22/09

    Get a second lien in a toxic asset. Then you make money long toxic.
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    Overoptimization

    lol
  12. T

    Neural Networks don't work for trading

    The user does not need to understand how these NN programs work to use them. All that is required to use them correctly is to follow closely the instructions of the developer. One problem is that most people get these programs and never read the manual, they treat them like computer games...
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    Where did the "90% are losers myth come from?

    You are wrong because instead of trying to think of ways to make money you are trying to figure out what, if anything, is wrong. That will take you nowhere, my advice to you.
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    Pattern trading

    jimbojim has attempted in the past to make "exchanges" of software. I think that people who cannot afford to invest at least $5K in software and at least that much in hardware should not bother trading. Markets are crowded with large fish, Market is no place for small time gamblers. They are...
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    what the hell is scalping

    Commission get subtracted from winning trades and added to losing trades. It may be counter-intuitive to some people but in in case of scalping minimizing the impact of commissions to the ratio of avg. win to avg. loss and thus making money with a given success rate of a strategy is...
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    Chinese Renminbi switched to premium in deferred months

    Why? Do you find it attractive to short crude when there is contango more than when there is backwardation? I think it indicates a steepening of the yield curve, meaning higher future expected interest rates.
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    Is the current Trade Planning and Trade Management a farce?

    Well, maybe you should tell us then specifically how one can determine the optimum risk percent given a trading system. All you have done up to now is flaming authors and threatening to burn books but I have not seen a formula. I have a system right here and now, and I am asking Rabbitone...
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    How exactly do "high frequency" strategies work?

    high frequency = low wavelength
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    Is the current Trade Planning and Trade Management a farce?

    Please, please Rabbitone, before you burn the books try to read and understand what the authors say. Most say "don't risk MORE than 2% of your capital on any one trade". Do you understand the difference between no more and exactly 2%? I quote Willian Eng, page 3 of his book Trading Rules...
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    Is the current Trade Planning and Trade Management a farce?

    The 2% rule was proposed many years ago by position and trend following traders (I think one of them was Ed Seykota) and ONLY for systems with relatively low drawdown levels. For high frequency intraday trading like the example you gave professional traders do not recommend more than 0.25% risk...
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