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@hyperscalper, @cory, and everybody else who wants to post code or charts or get into the parameters of some code, or some indicator/system, or wants to show their own solution....
This thread has a topic. It goes, "Would you share your Holy Grail?" It's not, "Please show what you think is the best way to trade, with charts and code and extensive explanations." You can certainly express any opinion you may have about trading in a general or specific way that actually bears on the topic of the thread, but this has gone so far off topic that the topic can't be found any more.
All that stuff can go in another thread and it may be great. But for this thread, let's try to stay at least somewhere near the topic.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I agree that these questions should be associated with my Thread where
the TradeFlowIndicator code is being presented... Maybe it was
accidentally posted here...
The unsuccessful Turtles, if you believe the other Turtles, were busted out because they did not have the discipline to stick to the rules-based system they were taught - particularly increasing positions when the market was moving against them. I'm unaware of any Turtle that busted out for performance reasons when the rules were followed during the 'experiment'. HOWEVER, I do know some got in trouble following their exit and trading on their own. Some racked up large losses - I think it was the coffee market?
In other words, the ability to adapt to changing market conditions and trade accordingly (i.e. the exact opposite of what most traders seek, looking for static setups or strategies that make money 'forever').
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I agree for sure with the last part. Also find funny the about the guy teaching. A truly great system is the one that AUTO trades consistently and profitably, so I can golf or fish.
I've noticed over the years that Traders are willing to
put their faith in an algorithm. Their rationale goes something
like this: "I am too much swayed by emotion; so an algorithm
would take the emotion out of it." -- and, so that qualifies
an algorithm as "better" ??
"I have trouble following my Rules, but an algorithm would
follow them precisely." -- failing to even be able to define what
"their Rules" are... and so there is just a lot of "imprecise
thinking" among Traders, and it boils down mostly to
"wishful thinking" since desperation over the true difficult of
successful Trading is Pandemic in the Trader community...
I am a highly technical trader; and I do write BOTs, but such an algorithm
would Trade in a very different way than a Human would, and also need
to consider "pathological" market conditions, and have "circuit breakers"
to avoid ultimate catastrophe...