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I LOVE your post. It is the best post I ever read on a trading forum. Someone who is serious about finding edges and ONLY encouraging traders to find them.
No, I will never ask someone for their hard work for sharing their edge with me. No sir.
Do you see how you stated "With all do respect...this is so not true."? Do you know how you can make this claim more believable? Post equity curve of your finding to prove Fonz wrong so you help Fonz realize, yes edges in algo day trading do exist if look and try hard enough. By you doing this you help me and you help other traders reading this thread and provide that confidence to beginner traders or traders in the struggle curve of their journey. This is the reason I do not post on forums, because in my professional opinion, I can not prove anything at this point, so it makes no sense to provide statements or advice to someone unless I have the evidence to prove and debate someone.
So please help other futures traders reading this post and prove your case by showing an equity curve of some edges you find? Your knowledge can make someone day happy.
We all need to start backing up what we say to make a better trading experience for everyone.
I will go first.
Here some curve and stats of an intraday automated system I am working on now. It looks profitable to me and have the edge. I need to run in SIM mode now to make sure backtest not lie to me.
I made a mistakes with my algo back testing. Please ignore the curve and stats above, they are misleading and false. I will explain the error and show the true stats shortly.
Again, those stats are false and I can not edit the post any more and certainly do not want to mislead anyone with false equity curve and back test results.
Hi @goodoboy
I can feel your travel as this is a search for everyone to find an "edge".
That can not be bought by a book or paying for lengthy and expensive courses.
Just find your own path here on fio!
This is to be found in the JOURNAL section.
You can find a perfect base of journals but some of them are live and this for free! You can watch the trader showing his preparation, announces his trade with entry and exit (level or time based) and you can see the trade start, the development and finally the exit of that trade. Finally the result are to be found in the journal with the process of every positive and of course as well the negative results.
You just need to follow the live trading in the journals. Some with actual charts as well. No need for a better proof - as you can it see live.
I know of at least 3 journals that offer such nearly every day.
My approach: No course - no books - just self learning. Building pattern based systems - some easy to program - some not programmable. The main thing is: Forget about back testing. The markets are changing every quarter, every year. You can not find an edge by such tests. Just my opinion.
Thanks for the review woodyfox and I appreciate it fully.
Yes, I was pretty down over the weekend due this I learned. My trading idea have no edge. But I did not lose money, just lose time. I am glad I let algo run in SIM and saw the discrepancies.
Yes, an algo with equity curve display is not proof. Right now, I can show a perfect equity curve in NT by doing some tricks. This is why SIM performance or broker statements from the algo for 6 months to 1 year is the only proof and validation of true edge.
Once I get an algo running live, I will post on the forum 1 year broker statement from my algo(s). I will post back test equity curve, sim tracked curve, and live results curve so I can show off I found the edge in the markets. This is what everyone on the forum should be showing and then advising traders how to get better.
You do the same here woody, just post your back test equity curve and live real money broker statement of the algo so you prove intraday systems do exist.
I do not have any comments on rather or not a course is needed for me. I do not know.
This is not the platform here to exchange "proof "via broker statements.
What we like to see is real time trading if you can. No hindsight results or curve fitting back tests.
Trading is not winning with every trade. But not to lose control of the money you had put in first.
Start here your own JOURNAL even SIM now and show the followers what you are doing live. With this you will learn fast and you will get support.