What value is an auto label program with 80+% accuracy?

Quote from johnshrugged:

Ok, I thought you were talking about the stock market.

You are correct, I have very limited experience with currencies.

I apologize for my misinterpretation.

Regards,

John
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Ok, I agree stocks are impossible to trade with MAs, then or now, this is what my epxerience tells me. But stock indices you can trade with MAs if you know how to sustain large drawdowns. You need to have a sound risk management method for that.

Don't take me wrong, I don't use MAs any longer, I trade based on price action patterns. MAs is a sound method though is someone has discipline and a sound risk managment method.
 
Quote from ProfLogic:



Would this program be of any value to you? Would this program be of any value to the industry? What would the ramifications of this program being put into mass circulation? What would you pay for this program?
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I`m flat and bored so i`ll play hypothetical situation games.
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1.Yes. Who couldnt use a profitable system.

2.Yes. A system that brings more players in the game providing liquidity would be beneficial.

3.It would die fast if mass marketed.

4.I would consider a share in profits or loss if not mass marketed but no deal/outright subscription/one off would entice me if it was.

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That being said I never bought any systems. Nor would I ever.
 
Quote from TrueRange:

I`m flat and bored so i`ll play hypothetical situation games.
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1.Yes. Who couldnt use a profitable system.
2.Yes. A system that brings more players in the game providing liquidity would be beneficial.
3.It would die fast if mass marketed.
4.I would consider a share in profits or loss if not mass marketed but no outright subscription/one off would entice me if it was.
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That being said I never bought any systems. Nor would I ever.
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Thank you for the responses.

After I get some more responses (if that occurs) I will post mine.

I'm in your court with never buying any systems. One will always have a lack of confidence in anything they don't have an intimate familiarity with and that takes time to build. Most traders don't have the patience to devote that effort into a method or system.
 
Quote from ProfLogic:

Thank you for the responses.

After I get some more responses, if that occurs) I will post mine.

I'm in your court with never buying any systems. One will always have a lack of confidence in anything they don't have an intimate familiarity with and that takes time to build. Most traders don't have the patience to devote that effort into a method or system.
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No problem.

I have had my patience tested enough with my approach that took me 7 years to work out. Buying a system to me is tantamount to playing table games in Vegas or AC...but at least they comp a buffet and room if you blowout. :D
 
Quote from ProfLogic:

The following question is not a solicitation for the sale of a program but simply a question of perceived value. I repeat, the program I am describing does not exist. This is simply a hypothetical scenario where I am looking for psychological results.

Let's say that you could load a program on your own personal computer that would label the highest probability trade entries and exits on any chart increment you choose; scalp, intraday, swing or position where the win rate was 80%+ and the draw down was no more than 1% on any single trade. This program will not self-deteriorate with time. This program would work on stock, future, commodity, option or ETF charting.

Would this program be of any value to you? Would this program be of any value to the industry? What would the ramifications of this program being put into mass circulation? What would you pay for this program?
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No. No. There would be no more markets. Nothing.
 
Quote from ProfLogic:

So idiotic that no one has yet answered all 4 questions. If it is so "out there" then why is it so hard to think and answer 4 simple questions about the outcome of implementing such a mythical program?
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Have you considered that people either A) doubt your motives in this or B) don't want to participate in your sociological experiment?

I'm just saying...
 
A system that wins 8 times out of ten , assuming win size same as loss size, and that size is somewhere near average volatility for that market and time frame Which apparantly suites all "styles" of trading, and making the further assumption that signals are reasonably common , say one per thousand bars ,it would make billions within a year if traded by just one person. The key being the statement in the original question suggesting it could be used to swing trade etc , which means, i suggest, it could be traded in any practical time frame.
 
Quote from slapshot:

Have you considered that people either A) doubt your motives in this or B) don't want to participate in your sociological experiment?

I'm just saying...
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Yes, I knew people would doubt the reason for the thread and posting anything in the thread is participation.

Those answering the questions are as important to this thread as those that are too scared to answer and post their typical rants.
 
Quote from henry76:

A system that wins 8 times out of ten , assuming win size same as loss size, and that size is somewhere near average volatility for that market and time frame Which apparantly suites all "styles" of trading, and making the further assumption that signals are reasonably common , say one per thousand bars ,it would make billions within a year if traded by just one person. The key being the statement in the original question suggesting it could be used to swing trade etc , which means, i suggest, it could be traded in any practical time frame.
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Damn Henry . . . you lumped all of your answers together and basically generalized on a couple but nice responses. Thanks.
 
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