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The title of your post is rather presumptuous, as if engineers in general have some kind of special knowledge of the market. I sincerely wish you the best nonetheless.

What else is new? Big Brother at its best, as usual. Soon we will have some freaking miniature drone equipped with cameras in our bathroom, to protect us from "evil terrorists" they will say. Thanks for the links.

How true. But once again, the location of your stop/target depends entirely on the logic of your fully backtested trading system. A trader cannot enter a trade and then later say something like this :" Mmm...I believe my stop should be here, or perhaps here... and my target should be....Oh...

My friend, any trader who does not know his stop and target in advance (or at least have a clear exit strategy) won't be a trader very long.

No, this has nothing to do with Collective2. A profit factor is a well known metric, it is simply the historical net profits of a trading system divided by the historical net losses of the losers. On the other hand, the risk/reward ratio is obtained by dividing the number of units you want to...

You are turning the problem (or the solution) upside down. You backtest trading system X and the test reveals that a 3 to 1 risk reward ratio is the optimal value for system X, so you choose your take profit accordingly. For example if your stop is 15 pips on trade #502 then your take profit...

Then you just backtested a losing trading system.

My stop is 30 pips, my take profit is 90 pips, what is my risk-reward ratio? 3 to 1. Most traders will simply multiply the size of their stop by 3 to get their profit target.

It only depends on your average winning percentage, period. If you risk $1 to make $3 but you only win your bet 20% of the time you will lose in the long run. On the other hand if you win 30% (or more) of the time you are set for life.

Yes you can also do spreads on Collective2, like Gold and Silver spread for example. You can go to their forum and ask any question you like about the spread trading strategy you intend to use, they will give you all the details.

True. False. You can risk $1 to make millions and still end up losing a truckload of money in the long run. Play the lotto if you are not convinced. On the other hand you can risk $100 to make $50 and still make money in the long run. You risk/reward ratio is not a guarantee of...

Money cannot destroy you, YOU destroy yourself, money is only a medium of exchange, a tool. It's like saying that alcohol destroys people. No, YOU destroy yourself by choosing to drink, because when was the last time you saw a beer put a Magnum 357 on your head and force you to drink it...

Hi Tandh: There are a few profitable trading systems on Collective2, you can go to the "grid" and select the type of financial instrument you want to trade (Stocks, Forex, Futures, Options or All), the minimum "age" of the system in days (for example more than 365, > 365), the minimum number...

The Fed website, pffff.... it's like asking Satan to explain the Holy Bible for us.

True, it's called the "Global Currency Reset" and it's coming soon. Those interested can google or youtube for it. Let's just hope that it will not change things for currency (Forex) traders like myself. :mad: Oh no, these evil corporations known as central banks know EXACTLY what...

This website allows you to backtest all kinds of trading strategies directly from the website, while you wait: trend-following, counter-trend, breakout, gaps, etc...on up to 10 years of daily data (stocks only) ...

Really? Why on earth would CNBC invite you to appear on TV? Who are you? Did you write an article in the Wall Street Journal, Barron's or Investor's Business Daily? Did you get published in Stocks and Commodities Magazine? Futures Magazine? Did you write a trading book and...

You know what they say Kut2k: the bigger the lie, the more they believe... :D

Sure, computer money is useful, BUT FOR WHOM? Virtual currency has been created by the Elite so that they can put microchip implants in your body and store your money/paychecks/ID there, in the not so distant future (google or youtube "RFID chips" or "microchip implants" and see what's...

The expected breakout on the EUR/NZD (1H chart) did occur, I have a limit buy order at 1.6780. Hope I am not too late to the party... :p