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You have to understand and accept 2 things: 1. Each trade has a random outcome, hence be at peace with both winning and losing, as long as you are following your trading plan 2. If you have an edge and execute your trading plan flawlessly, you'll make money in the long run, but there will always...

and the winner is ... ... pattern Y, which is 6 stdev from the market model on its sample size of actually 2250 (even though only 2150 show-up in this backtest), despite its lower win%, lower avg.net / trade, and higher historical max DD, vs pattern X. I am going to digress a little and rant...

Sorry I should have indicated that using this market-model, "random" pullback entries yield ~62% win-rate, with avg net/trade ~ -$10 after commissions & slippage

So here are 2 patterns, both trading pullbacks in the direction of the last complete trend. Both are "naked" here, meaning only the core-pattern is used, no additional filters. Core-pattern vs. Filter : Core-pattern is always an AND of single-metric criterias, each criteria can only be to...

One of the challenges for us, trading system developers, is to assess the quality of our work, and especially the likelihood that forward performance will match or come close to backtest performance. Most anyone can datamine a good system in backtest, and see it fail to make any money in...

Thank you, and back to the main topic ... did you find anything of interest in that presentation? I am willing to clarify anything discussed in it.

It seems the timestamps for posts are wrong? This is written on Sunday November 1st, 11:05 PM EST

Yes it does (make you an asshole) - and yes it is (a sales pitch). Your reasoning is wrong. I don't have unlimited capital, or even a capital-base large enough to make a living only from trading. I have chosen to make trading my primary activity, and I still have bills to pay, every month...

I have been using statistical analysis to develop my trading systems for about 3 years, with increasing success as I learned from my mistakes. I have a webinar video on the NinjaTrader partners channel, from March 2015 (I think), in which I did provide a lot of information re. my approach to...

If you have an edge on entry+exits smaller than commissions+slippage, Prudent Risk Management won't help you make money ... ... but with a real edge on entry+exits, I agree there is more to look at - position sizing as f(account size) being next.

Hi Maverick1, If you want to test the edge of your rules, then yes, use entry on break-out without any rules. And why select random entries and not enter systematically (on break-out, in your case) ? If you want to test the edge of your entry mechanism (breakout + rules), then you have to...

Since when placing an order at a more aggressive price than other orders already existing in the order book is called "front-running" ? The real - and harmful - front-running comes through resale of order-flow!

DTorSwing: In general: NT7 built-in support for 24/7 strategies operations is limited: It assumes that a single strategy instance can trade a given instrument in a particular account – this excludes running multiple instances with different parameters, and also excludes running different...

I responded to your other thread ... contact me for further information (either PM or through my website - link available in my profile, else google dom993trading).

I have developed on NinjaTrader 7, for myself & others, trading systems which can be safely disabled, then re-enabled, while a trade is active. This is not a trivial upgrade to an existing system, but I have done it multiple times. Contact me for further info.

Welcome to ET. I can suggest you get started with NinjaTrader 7 ... it is free as long as you are not placing live-trades, and from your post it would be perfectly suited. Your first goal should be to procure quality historical data ... there is a significant price-tag associated with...

Results for the week ending November 28, 2014: - BasicTM: 3 wins ; 3 losses ; net -900 - AlternateTM : 2 wins ; 1 BE ; 3 losses ; net -770 Finished testing the "IntradayGap" Alert(s) - there's gonna be 2 of them: one to flag real-time Intraday gaps, with 2 settings (1 for RTH, 1 for outside...

Results for the week ending November 21, 2014: - BasicTM: 1 win ; 1 BE ; 2 loss ; net -1420 - AlternateTM : 2 BEs ; 2 losses ; net -1680 Double frustration last week - 1st I had a "phantom" trade overnight, after a corrupt reload of historical data - didn't see it until that trade was already...

Reminiscence of a stock operator - E. Lefevre The Market Wizards series - Jack D. Schwager Fooled by randomness - N. Taleb The (mis)behavior of markets - Mandelbrot Evidence-based technical analysis - Aronson The only three questions that count - Ken Fisher Plenty more discuss trading with a...

Results for the week ending November 14, 2014: - BasicTM: 5 wins ; 1 BE ; 1 loss ; net +1175 - AlternateTM : 3 wins ; 1 BE ; 2 losses ; net +1330 Way more trades than any week I can remember in the last few months ... of the 7 trades for BasicTM, 3 were from the patterns just activated (2 wins...