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Welcome to the fuzziness of discretionary trading ... if you are looking for clear-cut definitions & answers, you should turn towards algorithmic trading. Of course, no-one will give you any decent profitable trading system, but at least in algo trading backtesting gives you clear-cut answers...

You can learn trading with $5000, just don't put it in any brokerage account, instead use it to buy reliable historical data, and do your homework - a lot of it - to find one or several trading strategies that you can prove to yourself would have generated consistent profits over *thousands* of...

Each time you get stopped then the market makes the move you where expecting, you have either an entry-level issue, or an entry-timing-issue, or both, in addition to having a stop-placement issue. If you have a verified edge (through backtesting thousands of trades), then those situations...

It has taken me over a year of live automated trading before the emotional side of being in an (automated) trade vanished ... the corollary of this emotional side being taking over control of random trades (usually to bail out). I added a column ("cost of discipline error") to my trade-log...

The outcome of every single trade should be seen as random, but a large set of trades taken using the same rules can have a positive (or negative) expectancy. What I have found in my research though, is that any signal taken systematically has a net negative expectancy after comms & slippage...

The biggest discovery I made (from a trading performance point of view) is this simple fact: "Everything works sometimes". (actually, it wasn't the fact itself, but taking action on its implications) The key (for me) is to get good statistics on : - where/when something has a solid...

By definition, the mean value of noise is 0, so the practical way of trading noise is by fading moves at the outer band of that noise. Defining price-action as signal + noise, in a trend (signal) entering in a pullback is a form of entry taking advantage of the noise (pullback). The ideal...

+1 I import the trade-list (out of backtesting) into Excel to simulate position-sizing rules & get a compounded view. Note that I am trading futures, and my position size is statically defined for each strategy/instrument, so the only thing I have to simulate in Excel is the evolution of...

Using 25% / year as an average, compounding results over 10 years will get you to 465k. Another 10 years to get to 4.3M. I think it's not bad for a part-time activity. Of course, if you were averaging 50% per year, it would only 5.5 years to achieve the same results (50k to 465k to 4.3M)...

What kind of time horizon are you looking for? I do not have anything simple that I could share for intraday trading, but if your time horizon is longer, there are a couple of things I could suggest.

I know I am repeating myself from another of your threads, anyway, you can't draw any conclusion, not even make hypothesis, based on a single chart. What you need to do is process many years of market data then do statistical analysis of it. You might find some patterns with better than random...

No matter how good the odds are, betting 70%+ is a gambler attitude, not a professional trader attitude.

You are totally wrong & stubborn. Ninja (and likely Multichart) offers the full spectrum of C# to develop your indicators & strategies. I have developed in Ninja/C# systems which complexity is far beyond what you'll ever do. Ninja's framework isn't hard to understand at all, and again, by...

I agree C# is a much better choice than EasyLanguage, however you could use Ninja or MultiChart .NET or TradeLink and develop your strategies in C#. "Excel is better than retail trading system" is just as stupid as trying to develop your own platform. What makes money is the trading algo, not...

j2ee: Your problem is you have no idea what you are doing. And how would you? You don't have any experience in automated trading. You are making this really impossible for yourself. Step back. Start using an existing platform, develop a few profitable strategies, in the process you'll...

I use IB and pure STP orders (my understanding is that these orders reside on the IB servers, I would have to use STPLMT to have orders at the CME), in that setting I have an average 1-t slippage for my stops (which are always placed under a S / above a R, and very much exposed to slippage)...

Have you seriously looked into Elliot Waves, to provide some "context" to those trends? There is a pretty good book by Glen Neely, Mastering Elliot Wave.

The first issue I see with your question is how you mechanically identify those Highs & Lows. From a systematic (automated) trading point of view, I think this is more important than where/how to detect a trend change. When the trend is up, I signal a trend-change to down when the last valid...

I understand the multitude of exchanges for stocks allows all sort of HFT gaming (modern forms of arbitraging) - not to mention exotic order-types that were created by some of these exchanges just to cater to HFT companies. I have a harder time understanding what type of gaming HFT companies...

You guys really make me laugh. Obviously the OP knows nothing about automated trading, and your best advice to him is for him to develop his own trading platform?! OP, my advice to you is to download either NinjaTrader free or Multichart .NET starter, and use either of these plateform to...