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I have written 22,817 posts on the forum, of which you have thanked 18 of them if my MySQL query is correct. So it is clear that you don't agree with most of what I say That's a ratio of 1267:1.
You have written 1,781 posts on the forum, of which I have thanked you 75 times (again, if my MySQL query is correct). That's a ratio of 23:1.
So it seems that neither one of us seems to like too many of the other persons posts, probably because we have such complete polar opposite views when it comes to trading.
That said, I have always respected you which I have demonstrated by asking you to be a presenter (twice, if I recall, both times you declined), and always thanking you when you share your code contributions with the community.
Overall, you've received 2,349 thanks on the site - 1.3 thanks received for every post you make. So it seems clear that many people in the community value your posts. Because of that fact alone, I value your posts as well, even if I disagree with many of them.
It's a diverse community. On top of that, we are traders, which means in general we have big egos and aren't the easiest people to get along with. But the whole point of the community is to share and discuss different opinions to help each other improve their trading.
Hopefully you will reconsider your decision to leave the community. I for one would like to see you stay.
@monpere and @Big Mike have both put great information into countless posts over the years - and I've been here a long time - and read most of them. @monpere is frustrating sometimes because he gives great information, but never quite discloses what he's doing - his choice and I respect it. @Big Mike runs a great forum that creates tremendous value. In fact, I'd say the elite membership is one of the single best investments anyone could make to learn about trading. Personally, I completely disagree with the way @Big Mike suggests to trade - longer time frames, fluid stops, scaling into the market, emphasizing market profile, suggesting that indicators are "not useful or bad", prioritizing discretion in lieu of a rules-based approach, etc. I think he was wrong to drop NinjaTrader and use Multicharts then Sierra Charts. (Of course, I think Ninja is superior - more selfishly, when @Big Mike moved away from Ninja, so did many of the forum members - and several of the Ninja contributors moved on.) And for the record, I think he'll eventually return to Ninja but that's another story. Fortunately, this community is still full of incredible contributors in both Ninja, and other aspects of trading as well. @monpere , while frustrating to get information from at times, has shared very valuable information for the traders who read his approach. Consistently, he advocates a rules based approach, where entries and exits are objective and results are based on positive expectancy. Bottom line, there is nothing wrong with diversity. And... here is the key: there is more than one way to find success in this business. The great thing about this forum is that we can all read other peoples views / opinions / ideas in a non-confrontational way. Please keep posting. If you're actually trading, it's not about the process - it's about the profit. Yes, not a misprint. Feel good all you want about how good you executed your plan or how well you kept your journal today - but you either made money or you didn't. And if you're not making money, you'll soon be doing something else for a living. Keep the posts and the diversity coming.
I mentioned this elsewhere on the forum, but it is my intention to return to NinjaTrader as my primary platform for automated strategy development. I have been losing interest in MultiCharts in recent months after some decisions they've made, and …
From what my VPS customers are saying, it helps, the fills and slippage are better with a low latency connection (<5ms).
Hard to say "how much" better, and still far away from HFT, but this is the comment I had most of the time.
Oh my, didn't expect the drama unfolding in this way. I hoped to stay out of this thread but I have to preface that I'm siding with @monpere on this one; I wrote the entire
artemiso: Brilliant post, you hit the nail on the head.
However, there is one minor glitch. Transaction costs do matter. If you trade ever smaller timeframes, transaction costs will outgrow the intrinsic edge, and you strategy will be making losses.
To put it short, if you know the right set of statistical techniques, you should scalp the living daylights out of the market. Really.
I noticed that everyone focuses on the disadvantages of high slippages relative to profit margins, and those of high commissions. However, what very few (none?) of you have pointed out is that the analysis for scalping is very clean. For example, to have a reasonable set of data to carry out backtesting for a scalping system in futures, you need not look beyond one contract of a specific expiration month. This is ridiculously awesome! You can't do this for a long-term trading setup. So you have to modify your data using either the nearest contract, perpetual contract or continuous contract adjustment. But you must understand that the people who invented these methods weren't statisticians. Some of these techniques are older than electronic trading. You can easily create numerical effects which don't exist in the original data. I'll argue that the difference introduced with each method is greater than the difference between whether you are using IB or Nanex data.
Another thing, you can know if your scalping setup fails - really fast. One of the things I've realized is that trend traders are slow to abandon their strategies when they fail. Scalpers adapt much faster. There's a different kind of "slippage" when you trade larger moves: it's the amount of loss it takes for you to realize that your strategy doesn't work anymore. It's hard to quantify yet it is probably as important as execution slippage. But kudos to you if you have found some awesome strategy which hasn't failed for the past decade or something.
1)Guys need your help, years back there was a challenge where traders would sign up and trade in Sim to see who made the most and a cash prize was rewarded to the winner. Does anyone know if their still doing it or know of any like this because this site it showed info who was leader per week, their trades taken, so one could see if scalper or points trader was better.
2) I dont know anything about Combine bc I have no interest in it, but if they make public the records of trades, I ll take a look.Do they?meaning a scoreboard of everyone
3)I like score boards better than spreadsheets for reasons others have listed, spreadsheets are perfect for there intensive purposes-to make projections or to input true data on. But from what we've said to date in this thread no true data is available and we have to remember 97% are wrong I know its 95 but IMO another 2% B/e or make little so I use 97%
I know most of you are saying why does this guy want this info.... Its very simple, for the Data. Then one would say what will you do with the data. Compile it and analyze winning net combinations. Then if enough data is available you can adapt your style to it "build a better mouse trap" One might ask why dont you do it yourself and see. Main reason is it takes time to build core data, why do you think companies buy out other companies for the foundation and structure, its way cheaper than building it from the ground up. There are exceptions as with anything
Thx in Advance for all replies
R
@monpere shrug it off text is text, Ive had recent threads where I was called lunatic for my way of thinking, told to stop trading, told I didnt know why I entered trades where I did and for me to understand trading, and so on I dont care all I want is the $$$$$$$$.I like futures.io (formerly BMT) (@Big Mike)and show respect to everyone, my Thanks shows this I will even go past the button and make direct comment thanking someone(its a southern thing). I enjoy learning thats what this all about. Each has their way of learning, this is mine(I call it Rad's networking 101)
Not sure why some people insist on putting words in my mouth and turning my objective and rational research into a neurotic argument. Could it be that they are so insecure with themselves and their trading?
I am sorry I shared my research with the futures.io (formerly BMT) community. Won't do that again. All the best.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I know about your thread, and I have read parts of it. You and Fat Tails went back and forth with others, it has tons of data in it. I will agree monpere comment was unnecessary, by no means should anyone stop posting bc of any said individuals, we all have opinions and different views I enjoy hearing them all whether I agree or disagree is irrelevant.
Best wishes,
R
Oh and I like your avatar
I ll tell you a quick story years back I was going to Tornoto to buy a high end drag racecar, had alot of cash on hand for the purchase, you know us Americans we need protection, so guess what happened crossing the border, took me 5 hours to get tow vehicle out of impound,and my friend out of jail not counting the fines......learned the hard way---HANDGUNS not allowed in Canada, but I did enjoy walking around seeing Niagara Falls while he was being processed