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I like how you said ibanking is a "safety" job. Heh. BTW how is Virginia's finance program? Are you at McIntire or Darden? How is the recruiting presence and the work load?

On average the win loss is 60-65%. Winners and losers are around equal in size (winners a little higher).

WTF are you talking about all of a sudden. You just edited your post. Read what you wrote. Tell us how this is in any context with the discussion what so ever. I suggest therapy. But keep it up....you give me something to feel amused about.

Get your math right. If you double your cash every year for 35 years on a 1 million account you would be richer than bill gates. Let me present several factors about you that can be deduced from your post: -You are 30-35 -You have a dead end job -You were a loser in life and hate any one...

I would disagree with this. I believe the correct statement should be: ET seems to get a lot of these newbies that lose a few thousand dollars and already experts designing models which are later sold to the masses (who are typically people in their middle, old age). Moral: Wisdom in the...

How do you determine profitability? I use return on equity. As for success, I shall use a commonly quoted number. 95% of all traders fail. Aka they make less than zero. Anyone who has been able to make more than zero has something to contribute especially if they can put together a record...

This is the way I stress test my models: I evaluate the absolute optimal environment for the model. Then I create the absolute dismal environment for the model. After this the model is tested on the dismal environment's data which nets several key statistical numbers. This data is later...

Current account has 10K or so in FX. Equities has 1600 MUSAW warrants (merger arb). And an undisclosed amount in a money market fund (it has more than the combined sum of both the FX and equity accounts).

I feel sorry for that naive client. Ones clients speak a lot about the manager.

Thanks steve and running bear. Regarding HF>Thats the plan steve!

Well currently I am just 17 ;). I started with equities when I was 12, dabbled a little in options, and currently focus fully on quantitative methods to trade FX. Built up a sizable stake since then. In my early years my success had quite a bit due to luck. But over time I built up my own...

This is really a personal issue. Some traders take years, other are profitable from the start. I am lucky to be in the latter group. But this is because I spend an incredible time forward testing, backtesting, and stress testing my models on demo accounts before implementation on my live...

Nah man thats the 5 second rule :D. Well in my case a little longer heh.

Hey guys I have calculated my daily sharpe ratio but I think that I have probably done something wrong. I am particularly concerned about the Risk free rate. Would be grateful if someone could check it over: Standard deviation: 5.14 Mean Return: 1.69 Risk free rate: 0.4447 Daily Sharpe...

Some performance data for the model: Average Winner: 26 pips Average Loser: 15 pips Win Ratio: 43.2% Expected trade: 2.712 $25.04 profit per 100000 currency units traded These numbers were severely hurt by this weeks results. Typically the average loser and winner is around 20-30...

Total P/L FX: +$5096.69 Total Return FX: +92.67% This week was pretty intense. My first test in dealing with the drawdown with this new method so naturally I had a setback that put me back to earth and stop expecting gravity defying results. Pretty happy with my psychological response...

Wow you made 250 points. You want a cookie for that? Dude I make real cash and you dont see me barging and making idiotic threads on ET talking about stuff you DONT know. Take your demo account statement to MacDs and maybe they will feel sorry and give you a burger.

Thanks. I am looking for a good tradestation programmer myself so I can get my models backtested (not really trusting metatrader 4 although the numbers look more or less the same). Seems like I might have to just learn it. Good luck acary.

Just calculated the daily sharpe ratio after starting the system: Standard Deviation: 5.44 Mean Return: 1.2 Risk Free Rate: 0.4447 (3 month Tbill yields: 3.53 so daily is 1/63) Daily Sharpe: 0.14 Annualized Sharpe: 2.21 Pretty decent numbers. However, tomorrow this may decrease...

Thanks I knew of alpari. The problem I am having is in getting them to work on my MT4 platform. I think I am doing something wrong. I had underestimated how much work it takes to reinstall the OS.