Hello,

I have just one silly newbie question after reading many posts in different sections and after downloading many of the indicators that are extreemely useful for me.

Many thanks to Blue Ray and other contributors for their input and making replicas of the stuff for which I and other users of this forum with no coding knowledge would have paid hundreds of dollars.

Now, I am wondering if any kind soul with good coding expertise would like to make a step further and try to make better savings at pockets of the non-coders and help saving not hundreds but thousand dollars by coding replicas of some of top trading systems?

Would this be possible? Sorry, if this question for any reason seems insulting.

Regards

[brownsfan019]

I too would like the top performing automated systems coded up here for free. Come on BluRay, what's the problem here?



I just hate having to work and learn on my own. I'd much rather download something off the internet for free and just turn the ATM machine on.

Thanks in advance BluRay.

[MC]

Originally Posted by Tresor »

Hello,

I have just one silly newbie question after reading many posts in different sections and after downloading many of the indicators that are extreemely useful for me.

Many thanks to Blue Ray and other contributors for their input and making replicas of the stuff for which I and other users of this forum with no coding knowledge would have paid hundreds of dollars.

Now, I am wondering if any kind soul with good coding expertise would like to make a step further and try to make better savings at pockets of the non-coders and help saving not hundreds but thousand dollars by coding replicas of some of top trading systems?

Would this be possible? Sorry, if this question for any reason seems insulting.

Regards

Well the thing is unless he can code your mind you're not going to get much out of a canned system. The market is dynamic for one...add to that the mind is the real key to winning the market and I think you'll see why BF was so sarcastic in his reply. You have to develop a profitable plan that fits your mind and trading goals and then execute. One size does NOT fit all.

Originally Posted by brownsfan019 »

I too would like the top performing automated systems coded up here for free. Come on BluRay, what's the problem here?




I just hate having to work and learn on my own. I'd much rather download something off the internet for free and just turn the ATM machine on.

Thanks in advance BluRay.

Hi brownsfan019, no problem, I can pay for a few strategies like sell when DM- crosses DM+ or similar (but not several thousand dollars). You know, whenever I try to code something myself I always get ''compiled with error''. It is a frustrating always-losing battle for someone who writes song lyrics only and has no mathematical logic in blood.

I do feel your pain Humans are not properly mentally equipped to perform work. If they had been, they would't have hated working so much

Regards

Originally Posted by MC »

Well the thing is unless he can code your mind you're not going to get much out of a canned system. The market is dynamic for one...add to that the mind is the real key to winning the market and I think you'll see why BF was so sarcastic in his reply. You have to develop a profitable plan that fits your mind and trading goals and then execute. One size does NOT fit all.

Hi MC

I like sarcasm. Just wanted to provoke a discussion. What you said about coding someone's mind is interesting. Would this mean that any system sold without coding someone's mind (I guess all systems are sold this way) would be just robbing silly newbies out of their money?

Regards

[OAC]

Sorry newbie. Our top performing systems are confidential. After all, we still have to put gas in our Bentleys.

[Kiwi]

The question was: Why So Many Indicators but Little Strategies in TL?

The answer lies in the question: What type of forum is this?

The forum was started by James a few years back and James has a strong interest in Market Profile, the epitome of a discretionary trading method. I think most of the early posts were in this theme. I had certainly come across from a systems trading forum (Curtis Faith's one) and note that there are other sytems forums out there (Forex Factory is one of the nicest examples).

I don't want to be insulting in what I say next but its an observation of both the forums I have touched in the last 10 years and my own evolution as a trader: the love of indicators and systems is largely a newbie thing. So those forums are full of newbies.

A small percentage of traders succeed and remain system traders. Most who have long lives in trading seem to move to discretionary. Those who stick with systems accept the drawdowns and the low quality statistics that systems give (2:1 is a good profit factor in systems but I do staggeringly better with discretion).

I think its possible to mix systems and discretion in such a way that you get most of the benefits of both and will probably try that at some stage but success seems to come most easily with the learning that comes with discretionary trading. Part of that is because discretionary traders become naturally adaptable.


So the forums that have experienced traders in them tend to be largely discretionary. And here at TL we have a relatively quiet, polite, forum with a high ratio of experienced traders.

[MC]

Originally Posted by Tresor »

Would this mean that any system sold without coding someone's mind (I guess all systems are sold this way) would be just robbing silly newbies out of their money?

Regards

IMO yes, people sell systems they don't trade for profit. Who's going to sell their true edge really? We have a few members here that are hardcore coders, I would bet that their 100's if not 1000's of hours spent programming a blackbox system will never be up for sale, at least not if they are still working.

I really intended for my main point to be that even if someone was to sell a legit edge...
"Good execution can save the worst strategy, Poor execution will destroy the best strategy"
In other words, the execution and discipline of the trader is often the difference between winning big or losing big.