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  1. SimpleMeLike

    Curve fitting

    Hello sle, I am not understanding your comments in detail, its a very complex writings. Let me ask. Is the below picture I drew the goal of all system developers? I just drew this cause I just start this journey. If I test a strategy that come close to that picture, I am trading it. Please...
  2. SimpleMeLike

    Curve fitting

    Hello boza, In my opinion, there is nothing wrong with curve fitting a system perfectly using in sample data. Just make sure once you have it curve fitted how you want, you test the system again using out of sample data. Split the sample date 50%. 50% data for in sample and another 50% data...
  3. SimpleMeLike

    Should I avoid not invented here syndrome, or do it myself?

    Hello nooby_mcnoob https://www.speedytradingservers.com/ I use this before and the service is terrific. I also use NinjaTrader and the service is terrific and free. Keep it simple, why build something that is already built and ready for use.
  4. SimpleMeLike

    Developing IntraDay Strategies Using ATR for Risk

    Hello all, Just an update. So I wanted to backtest an intraday-strategy I been working with using static stop loss versus using ATR(Period) times a Multiple as the stop loss. I wanted to see how the drawdown and average trade loss looks testing both. Optimization Period: 2006-2011 Instrument...
  5. SimpleMeLike

    Developing IntraDay Strategies Using ATR for Risk

    Thank you Laissez Faire for response. What do you mean by "during the exact time period you're interested in trading" ? Thanks
  6. SimpleMeLike

    Developing IntraDay Strategies Using ATR for Risk

    Thank you Spectre2007, I never heard of Donchian Channels, I will study it this indicator for support and resistance. I will experiment with it.
  7. SimpleMeLike

    Developing IntraDay Strategies Using ATR for Risk

    Thank you fordewind, I understand what you mean now.
  8. SimpleMeLike

    Developing IntraDay Strategies Using ATR for Risk

    Thanks fordewind for your comment. Can you explain a bit more your comments "That`s nonsense. It`ll quickly curve fit your stops to the past optimum,so youll eventually catch the periods where youll be smoked." What is nonsense you are referring to? I always use Optimization for in-sample...
  9. SimpleMeLike

    Developing IntraDay Strategies Using ATR for Risk

    Thank you so much Xela for the good and thoughtful response. You gave me some ideas to think about. I will reply below. You asked why I would like to test using ATR as stop loss placement. I am not sure why use ATR, I read it in a book and online content. I am still learning ATR. I am glad...
  10. SimpleMeLike

    Developing IntraDay Strategies Using ATR for Risk

    Hello, I have been developing and backtesting/optimizing intraday trending (open bell to exit at close) strategies using static profit target and stop losses. Evaluating the performance back tested strategies, I notice not so good results using static profit target and stop losses. I think...
  11. SimpleMeLike

    I would like to become an automated trader. How do I start?

    Hello, I use NinjaTrader because it's free for now til I verify an strategy with a winning edge. Whatever you use, make sure it's free for niw.
  12. SimpleMeLike

    TopstepTrader Q & A

    Lmao hahahahaha you are too funny. That was funny. I'm curoius to see the results.
  13. SimpleMeLike

    TopstepTrader Q & A

    I agree with you fully RDK91, I agree, the coaches should definitely display their results to traders. This is a good thing for us traders to see. Which is experienced traders show their PnL daily or weekly. Can you show the original post or article from TST where they stated coaches would...
  14. SimpleMeLike

    TopstepTrader Q & A

    Thanks for update RDK91, If a trader hit drawdown, its not a bad thing. Perhaps when started trading the trading strategy does not meet current market conditions. I have experienced this a few times while trading in the combine. With a $2K drawdown choosing the time or market condition to...
  15. SimpleMeLike

    Hello Mike, Kevin Davey do not sell systems, he teach how to develop and evaluate winning...

    Hello Mike, Kevin Davey do not sell systems, he teach how to develop and evaluate winning systems. He has about 2 systems at www.striker.net that loss a bunch a money for the investors. Also, his systems require alot of capital. For learning how to develop systems, I would recommend him I...
  16. SimpleMeLike

    How many years are necessary to consider yourself a successful trader?

    Hello, You successful when you make alot of money year after year.
  17. SimpleMeLike

    He Stole $100 Million From His Clients. Now He’s Living in Luxury on the Côte d’Azur

    Good article. It is really amazing how someone with millions of dollars can not just sit their butt down and live a modest lifestyle. Guess what? If I had $3Million, guess what I would invest in. Absolutely Nothing!! Trading for me is done. All I would do is sit down and go outside. The...
  18. SimpleMeLike

    HERE is how to make money consistently trading the open

    LOL HAHAHHAHAHAHA that is too funny.
  19. SimpleMeLike

    WSJ - Big Hedge Funds Want In on Bitcoin

    Hello, It is wise and good investing to just buy bitcoin at low price and just hold it and see what happens. And get back to trading.
  20. SimpleMeLike

    A post every trader should read, especially new traders.

    Hello sle, You are correct. There is difference between trading and investing. Every traders should and better have an investments setups for long term (401K, IRA, ROTH, savings account) retirements. Can't be a trader forever!
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