Scalping_My Way with ACV

themickey said:
Shows how much you don't know!
For some, possibly yourself, backtesting is trying out different time frames on indicators.
"Let me try 22ma, nope, lets try 24, nope, oh maybe RSI 10, nope, dang...."
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You're demonstrating total ignorance and a lack of common sense.
 
themickey said:
You're one if thousands of traders with no ability for lateral thinking.
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No, that's not fair themickey. Something doesn't pass the smell test here. See my post...

https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-56#post-5790426

If he said he was working with AMP-style day trading margins, it is believable. But he is clearly not as he prefaced his system with. You simply cannot take a $750 account and turn it into 10 grand in a few days on micros on a day-trading basis with those margins.
 
Overnight said:
No, that's not fair themickey. Something doesn't pass the smell test here. See my post..
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From my understanding, OP's algo is a template, it's not what he actually trades.
What it does imo is supply buy & sell signals, then he uses that as a mechanical guide only.
 
ZTrader888 said:
You're demonstrating total ignorance and a lack of common sense.
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Ask him to show his performance. Surely the calls posted on ET for index futures using the Mickey Mouse algorithm is worse than a coin flip and not applicable for accurate, leveraged trading.

Maybe his actual performance is better, but that would be a surprise.
 
themickey said:
From my understanding, OP's algo is a template, it's not what he actually trades.
What it does imo is supply buy & sell signals, then he uses that as a mechanical guide only.
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The first chart in this post is what I was refering to, regarding his parameters. Look at his trade activity there, and compare it with his self-imposed restrictions. It doesn't make sense.

https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-52#post-5789090

On that chart you can see he seems to be short a total of at least 32 contracts at one point. That is more than 4, yes?
 
Laissez Faire said:
Ask him to show his performance. Surely the calls posted on ET for index futures using the Mickey Mouse algorithm is worse than a coin flip and not applicable for accurate, leveraged trading.

Maybe his actual performance is better, but that would be a surprise.
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Why would he do that? A performance summary would be a BACKTEST, and we can't have that! They guy is smoking some strong stuff if he thinks traders will fall for bs like that. Doesn't matter if you're a discretionary trader or an algorithmic trader. Everyone backtests to some degree or they're just throwing mud at the wall hoping that some will stick.
The whole scenario is ridiculous.
 
This thread has turned into a clown show magnet. I'm out ffs, can't convince clowns.
The biggest mistake here is OP attempting to be benevolent at a circus.
 
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