Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Guest Tresor

Why So Many Indicators but Little Strategies in TL?

Recommended Posts

I agree, its not a simple piece of work. In addition to what you said, in my 7 years work I also found that you can't accept what many will step forward and tell you as 'givens' in the indicator world.

You have to be willing to think 'outside the box'

Share this post


Link to post
Share on other sites

Hello Folks here is your (almost) free strategy.

 

No parameters. No optimizations. Lots of trades. Low drawdown. But I ask you - who will trade this? I mean actually trade it? Not too many. Why? It's pretty boring.

 

I'll trade you for one concept that has helped you in your trading.

Edited by waveslider

Share this post


Link to post
Share on other sites

Tresor,

 

Though I agree with most of the things that were said here, if you still want to contact a developer - I have a good friend who is an MIT alumni that develops indicators in the TradeStation environment. Feel free to contact me if you want his information.

 

You can also find developers outsourcing to countries like India and Russia (The Ukraine was one of the best outsourcing I have done - but you need a good English speaking project manager there). You can also put a "bid" on your work in websites such as "Guru" and "Elance" (I think they are not allowing Hyperlinks on this forum so I am refraining from doing so).

 

The most important part is that you learn to write requirements - so the developers will understand what your needs are (and even then there is much room for false interpretation).

 

By the way, today you can get one of those quad core laptops (64-bit) with a good acceleration card and RAID - which totally replaces the desktop server (for the most part) without going broke.

 

Hope this helps,

Steve

Share this post


Link to post
Share on other sites
Guest forsearch
Hello Folks here is your (almost) free strategy.

 

No parameters. No optimizations. Lots of trades. Low drawdown. But I ask you - who will trade this? I mean actually trade it? Not too many. Why? It's pretty boring.

 

I'll trade you for one concept that has helped you in your trading.

 

Have you forward tested this yet?

 

LIVE, with real $$$ money?

Share this post


Link to post
Share on other sites
Guest Tresor
Tresor,

 

Though I agree with most of the things that were said here, if you still want to contact a developer - I have a good friend who is an MIT alumni that develops indicators in the TradeStation environment. Feel free to contact me if you want his information.

 

You can also find developers outsourcing to countries like India and Russia (The Ukraine was one of the best outsourcing I have done - but you need a good English speaking project manager there). You can also put a "bid" on your work in websites such as "Guru" and "Elance" (I think they are not allowing Hyperlinks on this forum so I am refraining from doing so).

 

The most important part is that you learn to write requirements - so the developers will understand what your needs are (and even then there is much room for false interpretation).

 

By the way, today you can get one of those quad core laptops (64-bit) with a good acceleration card and RAID - which totally replaces the desktop server (for the most part) without going broke.

 

Hope this helps,

Steve

 

Hi Steve,

 

Thanks for offering your help. I will contact you in a few days.

 

I owe you all guys an update on my trading system that I mentioned I had devised.

 

I briefed a couple of programmers. They came back to me with their offers. The higher offer was $ 5,000 and the lower was Euro 200. I chose the cheapest programmer who said he would program my system in two days while the other claimed the logic of the system was so complex they would need severals days to code it.

 

I paid the guy in advance and the next day my system was coded. It took one day more to test it and debug it. The coding was perfect; just the way I wanted.

 

I was very proud to get my system coded :) I played with it for a couple of days. I made some heavy optimization. Having done it, I must admit that this system is of the worst performing trading system the whole world over :doh:

 

Although my first system is a crap, Euro 200 was a good investment and a fun, too. I learned a lot and now I am more motivated to search for the ways of how this system could be rebuilt and enriched with some filters.

 

Cheers

Share this post


Link to post
Share on other sites
Guest Tresor
Hello Folks here is your (almost) free strategy.

 

No parameters. No optimizations. Lots of trades. Low drawdown. But I ask you - who will trade this? I mean actually trade it? Not too many. Why? It's pretty boring.

 

I'll trade you for one concept that has helped you in your trading.

 

Hi waveslider,

 

Could you elaborate more on this (almost) free strategy?

 

Regards

Share this post


Link to post
Share on other sites
Although my first system is a crap, Euro 200 was a good investment and a fun, too. I learned a lot and now I am more motivated to search for the ways of how this system could be rebuilt and enriched with some filters.
Would you mind posting it, for the edification of myself and others?

Share this post


Link to post
Share on other sites
Hi waveslider,

 

Could you elaborate more on this (almost) free strategy?

 

Regards

 

He's willing trade for a setup of yours. I PM'ed him one of mine and we exchanged...sort of. I got the better end of the deal. ;)

 

Drop him a PM with one of your setups and I bet he'll hook you up. :)

 

Thanks again Waveslider.

Share this post


Link to post
Share on other sites
Guest Tresor
Would you mind posting it, for the edification of myself and others?

 

Sure,

 

This is the description of my system that I sent to the programmer. I had browsed the web for a similar description that I could copycat (logic, structure, wording, etc) but couldn't find one so wrote something unprofessional like this.

 

I do not know if you can profit educationally from this description in any way. But if you can, then its my pleasure :)

 

I already know (i) I need to find a substitute of TRIX (a substitute indicator that would self adjust its length depending on the volume and volatility and... I don't know what else) and (ii) I need to find a substitute of BR Squeeze and (iii) I need to do ... lots of other stuff to get this module of my trading system right. Additional modules will come later.

 

Cheers

Share this post


Link to post
Share on other sites

hey guys great answers and questions ive also relized that you have to just pick and choose different indicators that fit your personality and also know how to see setups for yourself then apply everything the "system" and your own judgement. if you just learn how to trade like your suppose to then apply indicators to back up your own judgement then you should do fine. happy trading

Share this post


Link to post
Share on other sites

Thats a good point. We each have our own styles, risk adverseness and personality that must needs be applied in trading.

 

For instance, my own work targets deep selloffs and attempts to buy in as close to the bottom as possible.

 

While we all know that no system or method will achieve laser precise entries, the real-world goal is to apply a method which gets as much as possible as often as possible.

 

Many people have contacted me about ema based 'wait-until' methods because it makes them feel better if the turn has already occurred.

 

Others enter before a turn based on indicator extremes.

 

The final arbiter should be a spreadsheet or ledger comparing both ideas. As we've all seen, a quick glance at a chart and 'hey that looks good' won't do it.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Renko Full Throttle PRO IndicatorNew Set is released for EURUSD 30 Min Chart: Recorded +650 Pips profit in the last year with28 total trades23 trades hit TP5 trades hit SLSuccess rate is 82%    
    • The HotForex VIP Partners Rewards Contest is back! Dear Client, The HotForex VIP Contest is YOUR chance to win fantastic luxurious prizes by being the Partner with the clients that deposit and trade the most! Earn the returns you deserve, in addition to your usual commissions, by entering this exclusive contest today. Win the Grand Prize of a trip for 2 to Cyprus to meet your broker or many more luxurious prizes worth a total of 100,000 USD! Registrations are open NOW! Terms and Conditions Apply We wish you the best of luck! The HF Partners Team
    • Date : 11th November 2019. Events to Look Out For Next Week 11th November 2019.Important events are coming up this week, with UK, China and US inflation and GDP releases.Monday – 11 November 2019 Gross Domestic Product (GBP, GMT 09:30) – UK growth has “slowed materially” this year due to Brexit uncertainty and global trade wars. September forecasts see GDP growth steady, while the preliminary outcome for Q3 is anticipated to slow down. Tuesday – 12 November 2019 ILO & Average Earnings Index 3m/y (GBP, GMT 09:30) – UK Earnings with the bonus-excluded figure are seen unchanged at 3.8% y/y in the three months to September. UK ILO unemployment is expected steady at 3.9%. ZEW Economic Sentiment (EUR, GMT 10:00) – Economic Sentiment for November is projected at -22.7 from the -22.8 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though is expected to decline slightly further to -32.5 from -23.5. A lower than expected outcome ties in with the stagnation in market sentiment. Wednesday – 13 November 2019 Interest Rate Decision, Monetary Policy Statement and Press Conference (NZD, GMT 01:00) – The RBNZ is widely expected to proceed with a 25 bp cut to 0.75% as it continues to ease policy amid the slowing in growth. However, it will be interesting to see whether RBNZ will signal further easing in contrast with the latest encouraging economic data. Consumer Price Index (GBP, GMT 09:30) – The UK CPI is expected to rebound to a 1.8% y/y rate in October after dipping to 1.7% in September and August from 2.1% in July. Consumer Price Index (USD, GMT 13:30) – A 0.3% October headline CPI rise is anticipated with a 0.2% core price increase, following respective September readings of flat and 0.1%. As-expected gains would result in a headline y/y increase of 1.7% for a third consecutive month, just as core prices rise 2.4% y/y for a third consecutive month. An up-tilt in y/y gains into Q1 of 2020 is expected due to harder comparisons and some lift from tariff increases that should leave gains in the 2.4% area, which may help ease concerns about persistent inflation undershoots of the Fed’s 2% objective. Powell’s 2-day Testimony (USD, GMT 16:00) – Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy. Thursday – 14 November 2019 Employment Data (AUD, GMT 00:30) – While the unemployment rate is expected to have increase at 5.3% in October, employment change is expected to have stabilized, at 15K compared to 14.7K last month. Retail Sales ex Fuel (GBP, GMT 09:30) – UK Retail Sales are expected to have dipped with a -0.9% ex-auto figure on a m/m basis. Gross Domestic Product (EUR, GMT 13:30) – Eurozone Q3 GDP growth held steady at 0.2% q/q – a better than expected report that highlighted once again that it is a mistake to reduce the Eurozone economy to the German manufacturing sector alone. The same outcome is expected on Thursday as well, at 0.2% q/q for Eurozone preliminary reading. Friday – 15 November 2019 Retail Sales (USD, GMT 14:30) – A 0.4% October gains for both the retail sales headline and the ex-auto figures have been estimated, following a -0.3% September headline dip with a -0.1% ex-auto figure. Gasoline prices should give a boost to retail activity given an estimated 4% increase for the CPI gasoline index. Unit vehicle sales should ease in October with a dip to an estimated 17.0 mln pace from 17.2 mln in September. Real consumer spending is expected to grow at a 2.6% rate in Q4, following the 2.9% Q3 clip. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • It is really an amazing too to use, if it really works as it is shown on picture. Many strategies are always based on these high and lows.
    • It is good to see that there are few ones who are sharing their tools for free so that many traders can have a good trade day. Good to see a nice post.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.