A Challenge..

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Viewing 15 posts - 16 through 30 (of 44 total)
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  • 05/27/2018 at 11:29 PM #71447
    Glen Marquis

    Over the years, in fact since 2005, like most dedicated enthusiasts. I have looked at Oscilators, Moving Averages, Volume, Price Patterns: Head and Shoulder, inverted H&S, Candle formation, candle patterns, time of day: session times. I am convinced these so called tools are loaded by Brokers and Banks against traders as strategies to loose money used by retail traders. The only thing I found works is Price Action itself.

    05/28/2018 at 8:16 AM #71477
    jebus89
    Glen Marquis wrote:

    Over the years, in fact since 2005, like most dedicated enthusiasts. I have looked at Oscilators, Moving Averages, Volume, Price Patterns: Head and Shoulder, inverted H&S, Candle formation, candle patterns, time of day: session times. I am convinced these so called tools are loaded by Brokers and Banks against traders as strategies to loose money used by retail traders. The only thing I found works is Price Action itself.

    1. Have u tried systematic trading or is this all just “manual trading” / “trading by hand”?
    2. Ur conviction towards these “indicators being tools of banks and brokes to fuck all traders” is very very very wrong… Indicators are nothing else but math.. its just recent price data pushed into a mathematical formula that gives u an output… Does indicators predict the future? No i dont belive they do. But they can help u determine if a bottom or top might have peaked and give u an indication about when to enter/exit the trade..

     

    3. When u say “price action works”, what exactly do you mean? Are we talking stuff like “close above daily high yesterday” kind of stuff? Cus u know u can make an indicator thats “= 1 when price > daily high yesterday”.. Or are you talking more about “green candle” + candle must be above xxx pips?”

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    avatar bezieh
    05/28/2018 at 9:12 AM #71492
    Vonasi
    jebus89 wrote:

    Indicators are nothing else but math.. its just recent price data pushed into a mathematical formula that gives u an output… Does indicators predict the future? No i dont belive they do. But they can help u determine if a bottom or top might have peaked and give u an indication about when to enter/exit the trade..

    A well made point. Indicators purely take historical data, put a calculation or two on to it and return the result in an easily analysed graphical format. It is the traders analysis of that that is then the difference between profit and loss. All indicators can do is increase our probability of being right if we get our analysis of the indicator right.

    Even a price action trader will benefit from one or two correctly used indicators to help with their decision. For example price variation from the mean used when trying to find bottoms in a market – even a purely price action trader will benefit from not picking a bottom when price is way above the mean.

    05/29/2018 at 1:02 PM #71578
    Glen Marquis

    Indicators are math they are purely statistical in their results, 50:50 over time, they allow others to know where people’s entries & stop zone will be.

    05/29/2018 at 1:43 PM #71588
    jebus89
    Glen Marquis wrote:

    Indicators are math they are purely statistical in their results, 50:50 over time, they allow others to know where people’s entries & stop zone will be.

    Well, if u take off your tinfoil hat and look at who made the indicators u might change your mind.. Some of the top traders in the world made a mathematical model that takes input and gives you output to use as say “oversold or overbought” areas. Its not “everyone must buy at rsi 30 and sell at rsi 70 or whatever u think might be the case.

     

    The indicators are not part of a bank/brokers masterplan to steal all ur cash. They get their cash easy from spreads and loosing customers. I dont think “they” use indicators to screw over “us little people”

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    avatar bezieh
    05/29/2018 at 4:48 PM #71619
    Vonasi
    jebus89 wrote:

    Well, if u take off your tinfoil hat

    This really made me titter and so I just had to look it up in the Urban Dictionary. Now I just feel a bit old and behind the times for not knowing this phrase before!

    There is definitely no conspiracy theory. Every indicator is just one man’s way of trying to quantify the market by giving the current situation a value either compared to another value or within a known range. They are not buy and sell switches just a graphical representation of a value. If you stare long enough at any chart with any indicator applied you will see something that may help you once you have tuned the indicator to the chart and your needs. It is all just about improving probability of being right by taking positions only when your indicators suggest (and that is an important word) that now is a highly probable time.

    05/30/2018 at 2:13 PM #71692
    immo_vienna

    I am trying a system just based on math and probability. i am new at coding – thats why u see me posting stuff in german and english forum. my german is better – but i gonna share my code sometimes when its ready (still far away now). i am sure some people here have good strategies – if they share – perfect – if not – okay too. i am writing here in the forum cause some of the ideas here are good ideas and can be used.
    my dream is a code of no indicators – just based on math. should be work when the new update with “timeframe” appears on PRT.

    dont know how to say in english so i say it in german:

    erste regel des  schach: du wirst nur schlauer wenn du gegen schlauere gegner spielst.

    so i share and ask everything i can (and want) – cause we all have a dream and want to get better.

    greetz from vienna 🙂

     

    PS: i would be also open for a facebook or whatsapp group 🙂 would be a funny idea

     

    05/30/2018 at 5:36 PM #71724
    Vonasi

    Bezieh – I have removed both of your recent posts as they are not related to the subject under discussion in this thread. Please can you try to stick to the subject when posting on the forums. 🙂

    05/31/2018 at 12:30 AM #71744
    Glen Marquis

    I understand what you mean by “tin foil hat” I see your side, yet spread-betters loose money in our gains, robots can be programmed to counter indicator entries while countering Stop placements there of.  Oscilators could not work anymore than 50% of the time, overtime. With good money management this can be profitable, yet not due to the oscilator or moving average ‘knowing’ or gauging a best place to enter, it works simply by statisticly as per a coin toss. Whereby as above can be countered by Brokers or Banks who can sell and buy (for their entries) into static pools of Stops.

    So yourself with strong commitment to such methods, what do you find works best over what space of time?

    06/04/2018 at 7:44 AM #72153
    Leo

    Glen Marquis, I feel you are a bit lazy. Do you want a plug-in code to make you money? Stop wasting your time. Go to another platforms and buy them.

    We have post plenty of strategies that work in certain scenarios and is your work to modify them and improve them.

    Until prorealtime do not support Arrays we won’t have Machine Learning.

    Then stop being lazy, get a course online in Artificial Inteligent, learn programming mathlab,invest plenty of hours and get rich yourself by automatic trading.

    you chose the wrong platform and strategy from the beginning

    06/04/2018 at 8:48 AM #72161
    Nicolas

    There are as many trading strategies that work as there are traders. Everyone has their own vision of what works for them or not, it can be very long debates but in the end all that matters is that your trading account remains in the green. At the end of the week ? At the end of the month ? Or in the next decade? It’s up to everyone to decide how they measure their trading and their systems. Only invest money in what you understand and in what you believe. Not a fan of oscillators? Ok, there are many other things to explore, do you like statistics? Do as much as you want! Do you make money with your ideas and systems? Good! The fact is that in our environment, there will never be a single vision of things that are valid and that must be imposed on others, never! 🙂 and that’s what makes the charm of trading: exploring, testing, measuring, gauging, and discussing it with other partners.

    06/06/2018 at 9:22 PM #72510
    Glen Marquis

    Nicolas, “not a fan of oscilators” may I ask why anyone should be a fan unless it works? There are no profitable strategies here using oscilators. This is not intended as ridicule not am I intending to be rude, I am merely expressioning my experience of backtesting the very kindly shared strategies posted here.

    Leo, your response for myself is a bit odd, allow me to explain my thinking. If somebody did expect to find strategies on a web for that purpose from those here very kindly publishing public strategies to share freely AND comment/improve freely – then why would anyone not login expecting to find functioning strategies?

    06/06/2018 at 10:47 PM #72513
    Vonasi

    Glen Marquis You have to view every strategy posted on these forums and everything posted on these forums as a lesson, an education, a way of improving through sharing. If you are looking for just one strategy that makes money and makes money forever then you are looking in the wrong place. There is someone somewhere out there on the internet who will sell you that.

    If you feel you have tested every indicator to its full and every combination of indicators to their full and can provide analytical evidence that they are all rubbish then that is a statement that you can make – otherwise it is not.

    Have you studied/read any of the works of any of the successful traders of recent times? They pretty much all invented indicators that gave them a trading edge and helped them make decisions as to when to enter and when to exit. I guess you should try to have a conversation with them and persuade them that no indicator works! No single indicator is a black and white – buy now – sell now – it is just a view of current market conditions to assist with your own decision making process.

    06/07/2018 at 5:49 AM #72514
    Inertia

    @glen Marquis

    Following up on my post #70524, you owe me an answer boss (20 days ago).

    No code posted from your side in the next 48hrs, I may personaly consider you as a troll on this forum.

    So switch 180° , AND look at the brightside !

     

    06/07/2018 at 7:37 AM #72523
    Vonasi

    If you think about it logically even a candlestick is an indicator so even a purely price action trader uses at least one indicator. Move the starting point for a candle or change the time frame and you draw a completely different candle so even a purely price action trader has to choose a couple of settings for their indicator of choice – the candlestick.

    So Glen Marquis why don’t you share your strategy ideas for trading with this one indicator – it would maybe start an interesting conversation and others may be able to learn something from it which is really the point of this forum rather than just the supply of working strategies in return for zero effort?

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    avatar Inertia
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