Are technical Trading Rules making profits?

• 10/26/2017 at 7:25 AM #50561
  gabri

  I stumbled across this study and, as a buy and holder trying to get some further education on technical analysis, I thought it was pretty interesting. I believe some of the indicator were not used properly to get entry/exit signals but the conclusion is pretty clear.

   

  What do you think about it?

  https://www.researchonline.mq.edu.au/vital/access/services/Download/mq:50823/SOURCE1

  6 users thanked author for this post.

  Leo, Juan Salas, manel, Henrik, Yannick, Despair

  

  gabri

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  10/26/2017 at 8:19 PM #50645
  Yannick

  Thanks interesting document and conclusions 🙂

  

  Yannick

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  10/27/2017 at 7:40 AM #50664
  Leo

  Thanks

  

  Leo

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  11/11/2017 at 1:36 PM #52367
  wurstbrot

  I also asked at my “Welcome-Post” in the german section. Now i found this thread here with a similar issue.

  I’m sorry for my lousy english. I am not using english language very often.

  So my question…

  Are there members in this forum who consistently make profits with 100% automated trading strategies? Completely without human decisions.

  I’m asking because i’m not sure whether its possible or not. If it would be that easy (optimize some parameters and click the auto-trade button) everyone could be a millionaire?! Because of the “self reflection” of all stock markets every system that becomes too popular will loose. But is it generally possible to use full automated strategies (that are distributet not that much) with consistent success? And what is the secret? Change the system with changing market (Bull/Bear) (but this one means that you have to estimate the market behavior in the future correctly and this already would be a discretionary action) or frequent optimization of the parameters?

   

  Thank you for this great coding place and thank you for your replies.

  

  wurstbrot

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  11/11/2017 at 4:08 PM #52382
  gabri

  I don’t automatically trade. I manually invest 🙂 I believe though that it’s possible to make some profitable strategies but I also believe these strategies only works on carefully selected titles. In my opinion a good screener can be more profitable than many of the best strategies. Also portfolio building is extremely important.

  

  gabri

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  11/11/2017 at 6:22 PM #52400
  AutoStrategist

  @wurstbrot

  The question of if people are making money or not was discussed here:

  https://www.prorealcode.com/topic/time-management/

  I hesitate to say I am making money, I am well up at the moment but who knows what will happen going forward, I have had some scary drawdowns but so far have bounced back to regain new highs each time.  I try not to manually interfere with my systems, whenever I have I find I would have been better off leaving them alone.  The exception is when there are multiple strategies running on the same market (Dax or Dow) and I have too much capital at risk, then I may close position(s).  Annoying to have to do this but strategies are blind to the total open positions making  fully automated risk and money management impossible, it’s like they gave us the nice car with all the features and accessories but never fitted the seat belts 🙂

  

  AutoStrategist

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  11/13/2017 at 12:04 PM #52541
  wurstbrot

  Thank you for your replies.

  I go with you gabri, that manual investing with some good screener can be more profitable than auto trading. I also save money every month and do longterm invests. Trading is more a “hobby” (i just don’t like to call it a hobby because hobbies always cost money). So Trading and coding is just something that makes the head free – something different to my normal work.

  So i will stay on the ball…

  

  wurstbrot

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  11/13/2017 at 7:07 PM #52588
  Derek

  Consider that technical trading rules provide the security of executing your orders according to plan.

  You will not stay with a trade longer than expected because there are clear rules. “Take profit if…” and “get out if…”. This way we save a lot of money by avoiding discretionary mistakes in the very moment.

   

  

  Derek

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