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Not academic at all and not impressive. The basic error you committed, which is a practical empirical truth you denied, is that for trader A to open a long position in forex, someone has to take the opposite side. Forex involves transactions between counterparties, just like in futures. When...

Jack, honestly, I've been reading your posts and I cannot understand what you are talking about. Maybe you are way advanced. I don't even know what those 6 degrees of freedom are and what they mean. I remember from college a rigid body has 6 degrees of freedom in space, like a plane for example...

Crazy. If someone has such an outstanding performance why get a job at a hedge fund? How much does a proven track record with a Sharpe ratio of 15+ worth?

but your portfolio risk is maximum given that USD moves opposite to US stocks...

Given that USD moves opposite to US stocks for some time now, (1) If you profit from US stocks you lose from the exchange rate (2) if you lose from US stocks you profit from exchange rate (nice trick of the European traders). Thus, in this environment there is no viable currency...

Can you share some links to automated trading forums? If you don't want to do it here maybe you can send via pm. I would appreciate it as I just started to work on full automation of order entry and money management and I would like to get some good ideas about the tools they use.

I find this forum extremely helpful and I have learned a lot so I never hesitate to tell other people what I think works. Also keep in mind that only a fraction of traders participate in this forum. I think the majority of traders are gamblers and will lose to those who are systematic and...

Trader 1 sells to trader 2 at p2: profit = p2-p1 -> p2>p1 Trader 2 sells to trader 2 at p3: profit = p3-p2 -> p3>p2 Trader 3 sells to trader 4 at p4: profit = p4-p3 -> p4>p3 --------------------------------------------------------------------------- Trader n sells to trader n-1 at...

Retail forex is a new thing. It may end suddenly after begging currencies to a standard, something that is being talked recently. Thus, your statement is false and your argument as a result is unsound. Retail forex has been around for a finite time and thus it has winners and losers and more...

Thanks. I understand now. Probably your system was good but transaction costs exhausted your edge and you end up working for the broker for free. I have gone through this in the past. I made 20K profit and my broker received 40K in commissions. I promised to myself it will never happen. You...

NNs is just another method of fitting data to an equation or systems of equations. Of course, it is more involved and complicated than that but this is more or less the end result. It boils down to this question: is there an equation or process that can predict market moves with high...

Beginner's luck: http://en.wikipedia.org/wiki/Beginner's_luck it's hard to make money in zero-sum games like forex unless you know how to entice others to pay you for what you are doing.

I don't understand why you don't just translate the EL code to MT4 and get everything running there, or am I missing something?

Interesting post. Can you elaborate more on #6?

I think the question is not what software is good, most packages I believe are fine for stocks. The real question has to do with the quality of the data.

You can consider everything that is already presented, or will be presented in the future, as an exhausted edge.

Those programs find systems based on a few input criteria and historical data. The systems are fully disclosed and you can test them to see the results. Why do you think they should post systems and their results on their websites? The name of the game in trading is finding an edge. If anyone...

Do you also want a future edge in addition to a documented past edge? If so, you won't probably get a future edge if many people know about the system. There are some good systems you can use to develop fully disclosed systems automatically based on input performance criteria. This one...

One problem is that countries like Italy, Greece, Spain, etc. cannot monetize their debt. They will feel a lot of short term pain but longer term they will be ok. Countries that monetize their debt, like UK and USA, they will have short term gains but longer term pain if inflation gets out of...