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I got one simple idea, but don't know how to code that is I'm not programmer unfortunately.
1. To measure in % decrease/increase of present volume bars against previous one
2. Calculate "average middle" volume since regular …
post # 68
BTW, how you "manage" your CPU, I have all fast, but recently not quite satisfied with my CPU, think now how to test that and tweak if necessary, like in Vista remove some unnecessary processes, etc.
Have to agree. Way back when TradeStation was first launched we (1 programmer, 1 institutional trader and myself) designed many systems and found NONE that made money intraday but several that made money on daily data. The only way to make money was to trade a basket of markets with various systems. So a fund was essential.
The best system was a fade one. Every time the market went against by say 40 points add and keep adding for total of 4 times then kill at stop for big loss. It had fantastic PF etc and we traded it and made money 73% winners. But it was such a 'I feel lousy trading this dog system' that no one wanted to take responsibility for it.
The best systems also made us relook at so many trading rules. Like 'no stops' made many systems very profitable. Some gap systems were great. Again all daily.
In the end that fund grew huge and is still running but remember you only have to make 15% a year consistently and you can have hundreds of millions to manage.
I returned to discretionary trading and use old systems as indicators.
The best strategy for myself is ironically 'stop and reverse'. For years I was never out of the market, always either long or short. I took big hits and huge gains.
Few know how to reverse a trade wisely. You might like to focus some attention on this.
I find his reply very disrespectful and it's a shame that a professional trader comes to the forum to share an experience and that is the reply he gets. I hope you won't leave on his account as I assure you he does not speak for the majority here.
I found your post interesting and I'm very curious to hear about the method used to teach your new traders. Would you mind sharing some insights there? Are they given the basics and then they come up with their own setups? Does your company give them a list of setups to trade? I've always been curious how that works for trading firms.
first I have been on the other side of the fence too, but a little longer than 8 years. even the same location. and I can assure you, I've never seen any trader not using indicators.
and do you really think in order to be a good trader you need to trade a decent size? which is the better trader: trading 5000 lots for 20 - 30 points per week, or trading 10 lots for 30 - 50 points?
he says volume is a useless information, you need to watch order flow and open interest. well order flow is part of the volume. and imo open interest is not very useful.
I do agree to be careful about buying indicators, systems etc.
there are more remarks I have to laugh about. (sim, graduates, )
now go ahead and blame me if he's not coming back. as he said, he only needed 10 posts so he can download something (prob an indicator lol).
now please feel free to delete that post and put me on ignore again.
since I already know nobody will miss my posts, I'll better not waste anymore time.
I only delete posts that are rude, disrespectful, argumentative, or off-topic. I find your last post much more respectful than the first one, and also notice that I deleted his reply too so I'm not picking on you.
I think when he was talking about indicators, he meant price indicators just as I meant in my OP.
Everything else being equal the former. Lynx21 already gave a couple of reasons. Another is trading that sort of size you will need to start 'working orders' in all but the most liquid of markets. This is a skill that the 10 lot trader has not needed to learn yet.
"Unfortunately" that is must to avoid most retail brokers and search/use as "direct" and pro service as trader can (clearing firms, but again not all) due to various reasons