I read the same article - in no way is Simons insinuating that markets are predictive and his use of that adjective is confined strictly to the study of linguistics. I have also read his much earlier pieces in "Institutional Investor". During the heydays at Renaissance, his trading models were built upon highly correlated displacement spread arbitrage strategies that were automated.
Renaissance’s other, bigger funds have done less well. Simons said that this is a consequence of their size: large amounts of money cannot be traded as quickly, and longer-term trading makes algorithms less useful. “It’s like the weather,” he says—the nearer in, the higher the certainty.
This morning's trades:
(I ran out of working capital after buying AUDPY and CADPY.)
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AUDJPY and CADJPY (The J-key on my laptop failed to respond.)
Yeah! After a day of intense evaluation, I very much like what I have here...
There is a little bit more to it than what I am stating next, but to put it simply, I enter a long position when the crimson lower-panel oscillator crosses above the the dotted gold line, and then switch to a short position when the oscillator crosses below it.
The only problem is, the indicator repaints, which led to one losing trade today before three winning trades...
I normally don't create indicators that repaint anyway, so I'll simply rewrite the code for all the graphics I have on this setup so they no longer repaint as well. Hopefully it will result in a day like today being even more successful.
good results
The authorization channel from Post #55 was the right idea, but I now have a better setting for it, and my new "automated" stop loss is triggered when what I call the instantaneous moving average makes contact with what I am calling the moving average cluster.
Try to add price action than just staying with indicators as Price is faster than indicators, plus indicators change reality of what is going on with the chart. Trading less often and make losing smaller percentage allows for increase of size. Indicators are ok but they are usually better to exit based off price action, like you can't see size of range of a bar with a moving average immediately. IMHO
And we are ALL predicting the future when we trade or for that fact anything we do in life, you cross the street is predicting that traffic will stop at red light.
