Think and grow rich

[Overnight]

Hello Overnight,

I will tell you anyway cause you are a nice guy and good ET leader.

Forwarding testing without back testing first, is called "Getting Fooled By Randomness".

Work smarter not harder my friend.

Fine. You have been on this forum for 8 years. Longer than I have. But at some point you gotta' knock off the training wheels, and start doing it LIVE, man! "Getting fooled by randomness?"

Your backtests were randomness, just as your forward tests will be.

Just figure out what the markets do MOST OF THE TIME, and you have the +50% win ratio! That's the winner!

 

[Millionaire]

Just figure out what the markets do MOST OF THE TIME, and you have the +50% win ratio! That's the winner!

You are sending him down the wrong path.

The markets (especially intraday) are close to random most of the time.

But occasionally they make a non random big move.

 

[SimpleMeLike]

Just DO it.

*sighs* Anything that worked in the past is no guarantee that it will work in the future. You will spend your ENTIRE LIFE backtesting, but never implementing.

Just GO, dude. Figure out what the market does MOST OF THE TIME, and follow THAT.

This only took about 2 days to build and test. Here are 2 in test now.

I would like to be rich one day and make alot of money too.

 

[SimpleMeLike]

You are sending him down the wrong path.

The markets (especially intraday) are random most of the time.

But occasionally they make a big move.

Hello Millionaire,

lol, there will be no sending me down the wrong path my friend. My algos are live and I tasting the life of freedom.

"But occasionally they make a big move." Best thing you ever said, and so true.

 

[Overnight]

...

The markets are random most of the time...

FALSE!

The markets trend north, and have been doing so since their inception. That is by design. The trends sometimes goes askew, as is evidenced from Jan 3rd this year, but they do trend up. So...What do markets do MOST OF THE TIME when the Fed pauses rate hikes? It goes UP!

Watch for the pause!

 

[MacBookProHo]

I would like to be rich one day and make alot of money too.

What happened to that man just last week.....who said he wants to make $100/everyday in the market, and not more.
He is a simple man. He doesn't want more money or more problems.

The Devil has hooked you,

 

[SimpleMeLike]

SimpleMeLike will still be here on ET in 2032 talking about the same things.

Hello MacBookProHo,

What is up big captain?

Yes, I will be here on ET in 2032, perhaps talking about the same things.

Is there something wrong with that?

 

[Overnight]

This only took about 2 days to build and test. Here are 2 in test now.

I would like to be rich one day and make alot of money too.

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That strategy is not feasible in the real world. You'd need tens of millions in the account to even attempt that.

 

[SimpleMeLike]

FALSE!

The markets trend north, and have been doing so since their inception. That is by design. The trends sometimes goes askew, as is evidenced from Jan 3rd this year, but they do trend up. So...What do markets do MOST OF THE TIME when the Fed pauses rate hikes? It goes UP!

Watch for the pause!

Hello Overnight,

What @millionare is stating is that a trader needs to be in position when the market makes the moves at minimum of 30% of the time to gain those big profits over the next X,XXX amount of trades.

 

[SimpleMeLike]

What happened to that man just last week.....who said he wants to make $100/everyday in the market, and not more.
He is a simple man. He doesn't want more money or more problems.

The Devil has hooked you,

Hello MacBookProHo,

I am working on that algo as well good buddy. Its coming.