Real or fake?
- Thread starter PitchBlack
- Start date
Thanks for the response. I won't ask about the details of your system, but did wonder about one other thing you mentioned once: that MACD was one of the most important and overlooked indicators. Do you actually use MACD as an important part of your system? Or were you just encouraging others to look into it since it approximates some aspect of your system? Thanks.
(BTW, I agree with your time line with respect to training and learning. It never made any sense to me to just "jump right in" to trading, and I spent a few years first studying the markets and what others were doing.)
(BTW, I agree with your time line with respect to training and learning. It never made any sense to me to just "jump right in" to trading, and I spent a few years first studying the markets and what others were doing.)
Local Crusher, let's make sure we get our facts straight. He did say on page 8 "it works in every kind of market" However, it's very clear he meant up or down trending stock index markets.
(another out of context quote) as in trading unobjective people see what they want.
Spike, that will cost you$29.95 for defending you.
nononsense excepted.
PS: point #5 being arguable
facts have value
Programming was not a good solution because of several reasons:
-combining data from multiple time frames is not evident to me.
-programming would take a very long time too.
-programming would have to be tested manually to be sure the results are reliable.
-if the results would be bad all the programming would be worthless, and after each new idea i would have to program again.
-and last but not least i'm not so good in programming (but there are surely people on ET who would like to do the programming for free).
I spoke about MACD because i'm a trendfollower. MACD is to me the best trendfollower within the standard indicators.
I don't use MACD, in fact i don't use any of the standard indicators at all.
If one of the standard indicators would have been that good he would never have been published or everybody would use him now.
I create scenario's for all the possible trends in the market. Each scenario uses "indicators" and stats about probabilities. This creates a complex but very powerful system.
Quote from VictorS:
Local Crusher, let's make sure we get our facts straight. He did say on page 8 "it works in every kind of market" However, it's very clear he meant up or down trending stock index markets.
(another out of context quote) as in trading unobjective people see what they want.
Spike, that will cost you$29.95 for defending you.
I'm sure you're not an american lawyer, because than the bill would be a thousand times higher.
I suggest that local crusher tells us about the day of his marriage . If he would have to do the same thing in one month and again in two months, we would probably get three different stories, and with a bit of luck or fantasy there might even be a contradiction in it somewhere. So he probably lied, he never got married.
I'm not a computer that can reproduce time after time exactly the same text, i'm a human being. I already posted that there are 2 ticks in 1 point ES, although i know that there are 4 ticks in 1 point. So i was lying?
spike,
What do you think is the effect of program trading on your own trading? Your system has been tweaked to much greater performance just as program trading became a much higher % of total volume (from 20% in the 90s, to 55% now?). Did you just figure out ways around the programs? Or are you targeting them?
What do you think is the effect of program trading on your own trading? Your system has been tweaked to much greater performance just as program trading became a much higher % of total volume (from 20% in the 90s, to 55% now?). Did you just figure out ways around the programs? Or are you targeting them?