direct statistical trading a "clearly" defined approach by NTW31

Quote from frostengine:

Maybe I am missing something here, but there seems to be an obvious mistake.

From what I gather you have your entrance at open +x... then stop at open. And you expect it to have the same % accuracy as what you figured when performing the intial calculations.. however that is impossible...

Simply because your calculations deal with something such as abs(open-high) and abs(open-low)... so your shortest distance and your longest distance variables are generated from above..

This does not give you any information to be able to say if price moves greater than open+x to enter and then to get stoped otu if it moves back to the open.. it should be if it moves past the open-LSD...

That is because its easy for the price to pass your entrance point, still go back below the open or further, not get all the way to open-LSD,then turn around and go back above yoru entrance point as much as your SDL...

do you get what I am saying? Am I describing this correctly? Bottom line, I dont get the stop being at open.. using OHLC bars you do not have enough data to know what came first... therefore yoru % of success for the trade numbers are way off... you should be using your stop for longs at open-LSD

Which this makes your risk for your trade MUCH greater, makes it more like 2*LSD instead of just one LSD..

comments?

read the thread through is said the built in stat loss is around 20% because it revert to open thus and stops from my data about 20% of the time thus making a 90% level 90%*80%= 72%

notice then later i said that while you learned that ...now we can fix a mistake in thought process and use tick data and run the stats for what you just mentioned..... thats the next step perfecting and removing 20% tendencies. while the system in the beginning does work it have a unremovable built in loss around 20% we take our idea a step further in the next few posts to really form the idea we were looking for .... this is an "approach" to helping create a working system that you know your odds. this just shows you how and gives you an idea to using stats.

now the info we gained is not in vain because we can now look at our past way of putting this in a spreadsheet and finding formation probs... showing us tendencies in formation its helpful.

then show you how to apply the same logic to tick data now you know your direct odds... this is a thread that builds on itself. IM not giving you a system to give you a system is to give you nothing. to give you an approach is helpful.
 
Quote from nukethewhales31:

read the thread through is said the built in stat loss is around 20% because it revert to open thus and stops from my data about 20% of the time thus making a 90% level 90%*80%= 72%

notice then later i said that while you learned that ...now we can fix a mistake in thought process and use tick data and run the stats for what you just mentioned..... thats the next step perfecting and removing 20% tendencies. while the system in the beginning does work it have a unremovable built in loss around 20% we take our idea a step further in the next few posts to really form the idea we were looking for .... this is an "approach" to helping create a working system that you know your odds. this just shows you how and gives you an idea to using stats.

now the info we gained is not in vain because we can now look at our past way of putting this in a spreadsheet and finding formation probs... showing us tendencies in formation its helpful.

then show you how to apply the same logic to tick data now you know your direct odds... this is a thread that builds on itself. IM not giving you a system to give you a system is to give you nothing. to give you an approach is helpful.


You my friend are a NOOB and full of bullshit
 
Quote from DreamerLikeYou:

You my friend are a NOOB and full of bullshit

yup your right im a bullshit noob you caught me...

anyways way to be contructive

and that puts you on NTW31's famous ignore list.
 
Quote from nukethewhales31:

yup your right im a bullshit noob you caught me...

anyways way to be contructive

and that puts you on NTW31's famous ignore list.

one day when you become a good trader

you won't share your methods

I was like you once, young and innocent
 
ANYWAY here you go i got cut off after 5 min so i gotta work that and surprisingly im kinda nervous haha oh well ill get over it


anyways ill be using a demo account to show my trade live cause i dont want my real account name or account # or anything transaction history blasted all over ET..

so deal with it.

im just kinda hoping to help some people out with this next video im just going to start re-explaining everything from the start again but in video. more in depth.
http://www.savefile.com/files/1971128
 

Attachments

Quote from nukethewhales31:

a statistical traders wetdream i just bought....

www.statsoft.com
statistica

Hey nuke, which package did you get and how much was it? Their web site doesn't list prices that I could find; they want you to request a quote.
 
new video

statistical analysis tradings
-as approach/method/system
-system desig - fix point analysis/variable point analysis
-ability to adapt-to market conditions
-why use with currencies
-personality in currency movement
-characteristics - eur/usd
-who are we trading against
-what we are looking for.

http://www.savefile.com/files/1971865

35 meg - 20 min
 
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