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Hello Tradesuperstocks, Everyone on the forum and every trader has experienced this before. This is called learning and consider it paying tuition. For example, nurses and engineers make mistakes as well. If the trade was not apart of your plan, then there is nothing to be mad about. However...

systematictrader, I think the same. Maybe for extra income why they trade their own systems?

Hello, My mom often tell me when I talk about trading to her: When I told her about trading course or mentor? 1.Her response: Why would anyone help you trade to make money and give away what is making them money to feed their family, etc? When I told her about a trading system I wanted to buy...

Thanks pauljherrera, This is good to know as I have good experience with trading levels (support and resistance) price action on intraday small timeframe.

Thanks systematictrader, Yes, I will keep it simple. That's a good point.

Thanks pauljherrera, ok, its making some sense to me now. What developing automated systems to trade intraday resistance and supports? I like trading supports and resistance, but i do this manually now. Is it difficult/challenging to code, backtest, and overall automate trading supports and...

Good post pauljherrera. Thanks for reply. So why spend time developing an automated trading system that was back testing for many years, if eventually it will stop being profitable over the long run? If I back test a system for 10 years, should it not work the next 10 years? Maybe its trader...

Hello systematictrader, Very good post and this is a good conversation/discussion. I am confused bit when it comes to automated strategies and the back testing. Forgive my ignorance or lack knowledge regrading automated systems. Question: If a trader back tested (automated or manually back...

Money Trust, It's automated systems produce by humans without the day to day trading undisciplined mistakes. What the OP is stating is the trading game because more challenging with less human error.

Yesss, i like your comment here. I hope to get here one day.

Hello, Good questions. Hopefully I can shed some help as I am learning how to properly develop a system, back test the system, and employ the system live. I belive you should be very confident in your system if you have the metrics from testing your system that shows profitability. All we...

jrp, You are right, and I apologize to the OP for my bias example. My intent was not to discourage anyone from their task but to make sure to have ideas along with the path of learning programming and stay committed. My friend is doing well, but he did tell me he took 3 months away from...

kmiklas, I can write one and sale to you only for $100 bucks today.

O (1), Please share these "never ending supply of stuff to test and program". He trades price action (support, resistance, patterns, etc.) only, and no indicators. He would like to experiment with indicators but outside his comfort zone for now. He and I are in the same boat, so now we...

Hello, I recent friend of mine took a #C programming course at a college for 4 months to build and back test automated trading systems. Now he is done, and have NO trading ideas to programs. I recommend NOT spending time to program if you have no trading ideas that can't be traded manually...

Hello, I am also considering learn to program with either NT or Tradestation. I have read that Traderstation is easier. For now, I am manual trading my system. The reason I have not fully moved to automated trading and learning to program is because I don't have enough trading ideas to...

Thank you nonlinear5, For these books, do I need any algorithmic programming skills? I am not ready for this programming adventure yet. I just manual back test my systems in an Excel sheet. Thanks,

Hello, I am currently manual back testing some trading system ideas. After manual back testing 2 or more systems over a +300 sample trades, I do not have the knowledge or experience of how to determine the future profitability of the system and how to determine if the system back testing...

David Gr, I believe (and I could be wrong) if a trader have a trading system/strategy/plan (that does not experience a drawdown of $2000) that they have back or forward tested and have proven stats to be profitable over a sample size of trades, and have the discipline and time to trade that...

David, You make good points. I was in the $50k as well. After the rule change, whice I like the removal of 10 days, i went to $30k. Per my system past results and my work schedule it would take some time to make $6000, ($3000 in combine and $3000 in FTP) AND prevent a drawdown of $2000 two...