The most successful automated system in the world

[WmWaster]

Quote from FaderTraderr:
I wouldn't worry about anyone stealing your system. Chances are that if it works it's either counterintuitive or necessitates an open loss prior to putting you in the green. If neither of those conditions are qualified, then it's either do to randomness or your skill and can't be replicated.

Sometimes giving one's system out may be beneficial.

If there're more people to follow (but NOT too many), the signals become more reliable & confirmative.

However you need to find an edge in trading before people will follow you. you can't just say something and expect there're enough people to self-fulfil what you say.

I've been pimping the Fisher ACD method like it was my job whenever given the chance and I seriously doubt anyone has tested it - and i know it works.

Do I care either way? Not really, but the bottom line is that ppl tend to never want to do the hard work to test anything - they all want a guru to give it to them whole to swallow and even then they are rarely have the balls to execute it, probably because it wasn't achieved through failure and hard knocks.

Another thing to discuss:
- don't you think some plain old traditional ideas still work nowadays, with or without some modifications (ie do you think there're already gurus who have told you the "secrets" of trading, but people just don't follow their advice)?

 

[nononsense]

Quote from WmWaster:



Another thing to discuss:
- don't you think some plain old traditional ideas still work nowadays,

NO.
Only SOUND traditonal ideas will keep on working into eternity.

 

[BillySimas]

Quote from psytrade:

You made $10 million in profits this year and your posting in a chatroom?

exactly, so much of the stuff on here is just bs.

 

[FaderTraderr]

Quote from WmWaster:



Another thing to discuss:
- don't you think some plain old traditional ideas still work nowadays, with or without some modifications (ie do you think there're already gurus who have told you the "secrets" of trading, but people just don't follow their advice)?

Abolutely. I know that the ACD system, for example, which has been publicized for many years works remarkably well on certain stocks, futures, etc. Many people can't follow it, however, because they are convinced that they are buying too high (breakout) or selling too low (breakdown). I was one of those people and, frankly, I feel it's the counterintuition of breakout trading that makes it so efficacious.

And, of course, many solid strategies simply don't work for daytraders or those using too much leverage as they are either determined to pull money out of the market each day or can't tolerate drawdowns that many (all) semi or completely mechanical systems require.

A final thought on all of this is that if you think you are onto something and you can't find an indicator or filter to help you test it, then chances are you are onto something. The flip side of that is that almost everything, which can be depicted or strategized using vanilla indicators, is almost surely useless. Bit of a cart/horse argument.

 

[JimmyJam]

Quote from FaderTraderr:

And, of course, many solid strategies simply don't work for daytraders or those using too much leverage as they are either determined to pull money out of the market each day or can't tolerate drawdowns that many (all) semi or completely mechanical systems require.

A final thought on all of this is that if you think you are onto something and you can't find an indicator or filter to help you test it, then chances are you are onto something. The flip side of that is that almost everything, which can be depicted or strategized using vanilla indicators, is almost surely useless. Bit of a cart/horse argument.

Well said, and absolutely true!

 

[inCom]

Quote from FaderTraderr:

A final thought on all of this is that if you think you are onto something and you can't find an indicator or filter to help you test it, then chances are you are onto something. The flip side of that is that almost everything, which can be depicted or strategized using vanilla indicators, is almost surely useless. Bit of a cart/horse argument.

Hi
Would you care to elaborate a bit more on this thought?

GS

 

[WmWaster]

Quote from FaderTraderr:

Abolutely. I know that the ACD system, for example, which has been publicized for many years works remarkably well on certain stocks, futures, etc. Many people can't follow it, however, because they are convinced that they are buying too high (breakout) or selling too low (breakdown). I was one of those people and, frankly, I feel it's the counterintuition of breakout trading that makes it so efficacious.

And, of course, many solid strategies simply don't work for daytraders or those using too much leverage as they are either determined to pull money out of the market each day or can't tolerate drawdowns that many (all) semi or completely mechanical systems require.

A final thought on all of this is that if you think you are onto something and you can't find an indicator or filter to help you test it, then chances are you are onto something. The flip side of that is that almost everything, which can be depicted or strategized using vanilla indicators, is almost surely useless. Bit of a cart/horse argument.

One of the systems which still work is moving averages. I think moving averages, as a simple tool that everyone can understand and use easily, works great to catch mid and long-term trends.

It's easy to understand why moving averages, even publicized, still work for more than 100 years. Simply speaking, if there're trends in a market, moving averages will work.

However this system is not an easy system to follow because you often get a row of lossess and considerable drawdown before a trend coming up to cover all your past losses. That's not really comfortable comparing to what I can achieve as a manual trader.

Some systems just won't fall even if they get publicized. Strange but true.