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Hello, The article states "If you don’t have a plan for dealing with the opposite side of your long trade, then all I can say is good luck, because you’re going to need it." The plan should be for anyone who wants to retire one day safely is to continue buying asset allocated index funds every...

Hello digitalnomad, I agree with everything you said!! Finally someone on ET who thinks like me. I do not like long term trend following or swing trading, that is what S&P500 index for.

Thank you for response digitalnomad. So the traditional back test for +10 years of historical data does not apply to your trading system development and real time trading? I agree with this because for me, I trade intraday and normally averages 5-10 trades per week. So after 6 months I can...

Thanks digitalnomad, I am beginner developer of system trading so my questions may be elementary. So basically optimize your user input monthly and use them going forward for the next month. I assume you do this to keep your systems parameters up-to-date with monthly market conditions. Which...

Thanks digitalnomad for response. I also trade intraday and I constant question the following "How many trades for this system I developed and backtested is statistically significance enough". I try to develop on recent data just to see the difference. I am not sure I understand your comment...

Thanks

Hello Euler09, You can search for trading systems on websites that offer trading systems for sale or renting. The websites will show the profitablity of the systems. You simply pay the developer a monthly fee and deposit your inital capital. Then you have your profitable system with no hassle...

Hello digitalnomad, What do you mean by "but high trade frequency and sample size. All intraday" ?

Hello Here4money, I use CQG data feed and it is free if using NinjaTrader. I am happy you are seeing some patterns to back test.

Thank you shatteredx.

Thanks d08, Good information to know.

Thank you d08, I understand now. Very interesting. Would you agree the following are example correlated instruments somewhat: ES , NQ, YM, TF / RTY Noncorrelated instruments example : NQ - CL ES - GC ES - ZN

Hello traderjoe999, Yes, we all have been there before. You see the green and think about "what if fall down, what about that loss I took yesterday, i really need this win". So we take trade early, celebrate, then price goes on to make way more money then the little profit you took. There is...

Thanks d08, What does multiple uncorrelated systems mean please? Thanks

Hello rvince99, Thank you very much for contributing to thread. I read your comments two times and appreciate your well written story and advice. "Time and Nerve" very well described. Thanks,

Hello RedDuke, I apologize. Yes, I can run multiple strategies in NT8 and NT7 concurrently live and simulated. In NT8, I can use strategy analyzer to backtest/optimize multiple strategies at once. One the issues I have is 1) Deciding the amount of historical data to use to backtest/optimize...

Hello Humpy, Please keep the following in mind when it comes to buying a trading system: 1. Confirm X years or Y number of trades with actually verifiable live trading results. Anyone can sell you an over-optimized (curve fitted) back tested trading system. I can sell you one now by just...

Thanks fan27, I use NinjaTrader for developing and testing systems and CQG as my data feed. With NT, I can only backtest/optimize one system at a time. Unless I use more then one computer, but I only have one computer. What do you ask "test multiple systems concurrently"? Thanks

Thanks for comments fan27, Can you please go more into detail with this as I am currently develop and testing automated systems? Are you stating that mulitple ssystems meanin a system that is good for range condition and trending conditions? I have one systems that does well in trending...

Hello RedDuke. Thanks for giving us hope. Glad to see someone is achieving what I am trying to do. I send major congratulations to you and your team developers on finding profitable system. It's alot of work. I know because I am in the process of testing multiple strategies. I have find...