Search results

Ron, Thanks & congrats on being busy. You've used APS so I'm sure I'm missing something but I was just basing my understanding on the description of what APS does in this older paper by Mr. Harris. Starting on pg 6 he provides a description of the software. Probably more to the...

Thanks jimbojim. In terms of APS, from what i recall it basically: - allowed you to determine profit targets and stop levels - determine profit factors or win ratios etc - allowed you to set a pattern length and then identified all/any patterns that met your criteria. Is that...

Anyone have experience with Trading System Lab? Quite expensive so one has to wonder where is the value. What would you say are any drawbacks or limitations? Also, as is the case with many similar packages, the vendors claim that limited knowledge of NN, GP, etc is required but - in my...

time to get an new banker :) if the systems really do generate the stated level of return (a big if), then why not just trade the systems for another 4-5 months instead of selling them for 20% of the annual returns? That way to get your 20% + keep the systems for future trading without...

Handle123, Just curious - what would be your top recommendations for "read a great deal"? KL

Perhaps Before agreeing/disagreeing, let's make sure we are talking about the same things. I've defined my understanding of expectancy and probability earlier (essentially van tharps view of the world). Could you please define yours so we can then meaningfully debate your assertion...

RFT, Thought about this some more... understand that the risk (i.e. initial stop) definitely impacts probabilities but what would the reward side - why is that not a factor? (i.e. for a given risk, trying to get a higher reward leads to lower win ratio) Or are you saying something else...

RFT, Can you please explain further. Not sure I get it.

Interesting question. Here's my thinking....from a purely conceptual perspective, it should not matter. However, from a practical standpoint, there are a number of other, often inter-related, considerations: a) # of times you get to trade each setup. If two setups/systems have equal...

In terms of the question that was asked around the definition of expectancy...I'm sure one could potentially define expectancy many different ways, however, one that is often most helpful in terms of characterizing a trading setup/system...

1a2b3cppp, ProfLogic, Just trying to follow along here.... using Tradestation, I'm trying to create the same chart / ergodic as you have posted. I notice there are some differences between what you have posted and what I am able to get. I've obviously tried to tweak the settings but that...

I think the attachment was missing?

Price action traders, I feel like I'm making improvements in my trading but obviously still have a lot to learn. Question for PA traders out there - how did you, or how would you, trade the the attached chart. Especially interested in when you would go long as the trend turns.... thanks.

Should add that I will be trading multiple contracts, will add to positions. I guess today was a lucky day to start. +$3490

I am starting a journal for the same reasons I assume most start one. I have been trying trading on/off for a few years and figure I should attempt something more regularly. My objective is to improve my trading. I will try to keep disciplined around price action and ignore indicators...

agree about forums being general. but can you help me understand difference between a mathematical vs. statistical proof in this context. How would one mathematically prove that an edge works?

Andrewbee, Thanks. Let me just confirm... you say that you know you have an edge when you can make money consistently. What i dont understand is that many (if not most) of the posts here are from traders who are not consistently profitable. (just from reading the comments)...

Hi, Had a relative newbie question .... how do you know when you have found an edge? From everything on these forums, it seems that to be a consistently successful trader, you have to have *at least* three things: a) An edge b) Sound money management (minimizing losses, position sizing...