You confuse indicators with strategies. Indicators are helpers and rather basic ones as well.
Anyone using indicators successfully for day trading?
- Thread starter Howard
- Start date
You confuse indicators with strategies. Indicators are helpers and rather basic ones as well.
Ditto.
You came in here making an absurd and contentious statement and you didn't expect blowback? Along with the would be vendors and general bullshitters are a good number of people who have made their living for years using traditional technical tools. If you are wanting a gig at an HFT firm then your time is better spent working on your resume, algo's and lining up interviews. I would caution against making ridiculous claims while interviewing tho'....good luck.I never said I was a struggling trader. I'm not looking for an advice. My style of trading is different from 99% of people. I came to his forum because I was looking for a contact at HFT firm. Now I know it was a mistake, because these kind of people do not hang out here. This forum is mixture of retail guys attacking each other and peddles of BS products/courses trying to sell themand now I got sucked into these discussions, what a waste of time
Also work on attitude. Being a douche know it all in this industry only works if you are making 7 figures a year and I doubt rob is.
Lol, my approach to trading is very different from 99% of people here, so that's why the opinion difference. My tests of indicators overlaid on historical price told me there's little value as far as algorithmic trading goes, but I respect all discretionary traders making money with indicators. I don't claim I know it all.
To make that statement credible you should have read a lot on ET to first know how other people trade. I am sure you did not do that. It would take weeks to accomplish that as you are new on ET.
There are two kind of people who think differently from 99%:
- genius
- idiots
Your first mistake was to assume indicators naively predict the price. What made you think it was that simple? Most describe market conditions and you build on that.
Also, you're assuming your trading methods are different than the 99% here while only 5-10% of people on ET have revealed how they trade.
Yes, I'm assuming that because my software is homegrown based on the latest research in AI and I see people here mostly trading discretionary methods using off the shelf software, so I think it's very safe to assume. If there are other AI traders, I'd love to hear from them.
If you'd have spent some time here, you'd know that there are a few using neural networks (or 'latest research in AI') and many build their own software, even more trade algos. Something tells me you're quite young, I get it how testosterone results in grandiosity but you probably should tone it down a bit and you'd actually find like-minded people.
I'm an algo trader as are many here but you shouldn't discredit discretionary as some of them run circles around me and you.
For an HFT application?
Pure genius, right there.
[It is a great and noble thing, for sure, to be loyal to the principles and the various schools of thought that get you to where you need to be. But undoubtedly, Continuous Development is part of the best curricula, no matter what school.
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