Trading Software that actually gives a consistent return

LOL !
sure not the best entries for random entries.
However I wanted to make a point about systems always chasing trends. We only hear about those (well not totally true, but let's say it is overwhelmingly the case). one can make great money once he realizes market don't spend most of their time in trends.

tntneo
 
I know that this may seem a little off topic, but please bear with me... It seems that trading is like most other things I have started to learn this year... everybody has an opinion :)

So, as a new guy, how do you wade through all of the balony and get to some meat? There seems to be a camp that swears by systems, then there is a camp that swears by personal research, another that talks about leaning on brokers, news and talking heads... when will it all end???

To be frank, I am so sick and tired of being ripped off in our society that I cannot stand it! Do you realize that when my parents were 25 years old, they bought a cheese slicer that actually worked, it never rusted, never broke, the wire never loosend up, as a matter of fact, it was the only cheese slicer they ever needed to buy - we still use it when I go to visit them at Christmas! I have already bought 3 cheese slicers this year! Why does everything these days appear to be a "rip off"

What happened to being able to have somebody tell you that if you go down this path, you have a greater chance of being successful and it not be misleading?

So, again, I ask you... where do you start? If you actually want to make money, if you want to be successful as a day/swing trader, what systems do you use to QUICKLY understand what you are looking at in order to not get killed? I am sure that there are plenty of people/industries/companies/entities that do NOT just throw money at the market in the "hopes" that they make a little extra money... right? These folks would never put a penny into the market unless they new for a fact that they were going to realize a return...

And do you think that they really spend hours researching press releases? I doubt it...

Anyway, thank you for your patience and reading this... If you have an idea about where to start I would be interested in hearing it.
 
I understand your pain. unfortunately, there is no magic solution. If there was, everyone would be doing it and it ultimately wouldn't work. In order to be consistent in the market, you need a statistical edge over the masses. I mean, you can flip a coin and buy on heads and that system will work most of the time. You just have to take the drawdowns with the gains and do not give up. Any "magic" system that says to "buy" or "sell" on this and that, only means that the owners of that trading system are the people consistently making the $.
 
I agree with you beldorian. It is hard to find a good value in things these days. I worry consistently about everything I buy, nut just higher-priced goods. I have been lucky recently though with some of the software apps I have bought for my phone. It's one that gives me real-time quotes and it was just $15. Considering that I'm always out and about somewhere, it has been a great buy and has tons of value.........

Don't give up hope Beldorian! good deals still exist!
 
Originally posted by DT-waw
:) What are you talking about?

I have a system and it works well. I've tested many other ideas, DMI, TRIX, RSI, etc. and nothing is close to "my" system, which is based on old, very popular indicator!

1000% a year? That is maybe possible with short-term systems.
There's no magic here.
I dont believe that some people have fantastic systems, they keep them secret, etc. - bullshit.

If we have "easy" market ( like Nasdaq 1998 - 2000 ) its easier to make money. If there's a choppy, chaotic market - nothing works! Thats all.

DT-waw
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I am looking at a chart of the nasdaq between 1998 and now. Looks like the we have had an easy market since 2000, just on the short side!
 
Originally posted by nkhoi
this system use to trade SPX, time: 15m, stoc: 15,3,3, sell when stoc reach 80 and turn down, buy when stoc less than 20 and go up, 8 points stop loss. close the trade at end of day or profit = 15 points.
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Nkhoi...

I do not know if this system works or not, but I want to say "thank you" for at least making a positive contribution and posting a defineable trading strategy. I am trying to learn to trade, have spent thousands of dollars in seminars and software, with nothing positive to show for it in return. I was hoping to find some answers on eliltetrader.com, and you have at least dared to lead by giving a concrete example. It will be with respect that I view your posts on this site.

Sue
 
The trick with a system, any system, is not when you get in but when you get out. All systems are profitable as a general rule at some point in the trade. You have to study and learn the MFE's and MUE's in order to know what your expectations should be. No system will make money for you over time on a stop and reverse basis. Maybe for a while, weeks, months, but not always.

John
 
Originally posted by jficquette
The trick with a system, any system, is not when you get in but when you get out. All systems are profitable as a general rule at some point in the trade. You have to study and learn the MFE's and MUE's in order to know what your expectations should be. No system will make money for you over time on a stop and reverse basis. Maybe for a while, weeks, months, but not always.

John
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John...

Could you please define "MFE" and "MUE". Thank you.

Sue
 
Originally posted by hmap1
Yes, they are. What's the point of giving away secrets of something that works. They would only hurting themselves by diluting the system performance in the general public.
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Ok, clearly you are doing some successful short term trading. And at some point you had a trading strategy you thought might be successful...fastforward....now you are using your system and life is good.

My question is, if your system is very short term, measured in seconds and fractions of a second for turnaround times, how did you ever test this out apriori? I don't want to know what your system is about, just how do you test something that short term and how did you ever trust the data integrity before the fact.

I inquire because I want to back test a system that is best measured in seconds yet the finest granularity I can test is the one minute bar. I am very interested in knowing if there is a software solution that you can recommend.
 
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