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I must say I've not seen a system that performs equally (almost) well on both long and short with profit factor of 7.08 overall.
I tip my hat to you and congratulate on finding holy grail.
I would also genuinely suggest (as a fellow programmer and system developer) not to sell such a profitable system (Even though a very short period of data and very short amount of trades are documented) and keep it very close to you till its working and cash in when its not by selling it.
• First open a journal (elite or all)
• Use your system and journal real time as follows:
- I will take a trade long or short now or at time @ xy:zz, entry @
- eventually a handy SL with tt points)
- I close the trade time @ab:cd, exit @
- The trade made a result of bb points
Weekly trades were.... (x positive, y neutral, z negative)
total weekly result is...
dito for the yearly result
Only a developing trade journal is valuable. You can find some here on fio - the big junk are journals in hindsight that are not worth to follow.
I hope you do not count to the second category. So take the rope and give a good picture of the holy grail you are speaking of. No need to present the secrets here - just the results count.
Given a trader is a human and has experience, a system and more:
we see a nearly infinite bunch of instruments to trade around the world. Every instrument has its buyers and sellers. The volume of every instrument traded has a tremendous influence on the volatility and the development on this very instrument - which normally is not attached to one other instrument in the flood of choices.
Markets move within seconds, hours, days or larger time frames. Influences given or sudden breaking news result in difficult to predict moves.
So I do not believe in systems that cover any instrument, any time and any market.
Therefore I am a developer of systems just for one instrument which I know inside out. Even then it is difficult to earn over years stable results - as said - under changing market conditions.
What I have learned: It is not important when to take a trade - but far more when NOT to take one.
All that said - there is no multi purpose tool for traders now nor in the future.
Would love to start a journal, I believe it would help me be accountable and more disciplined in taking the trades.
But
right now, I'm afraid it is not possible. I'm an field electrical engineer, setting up industrial machines across the world.
If in the future, trading becomes my only job, journal will be first thing I would do.
Thanks.
There might be differences in various markets, but all markets are, consider this very important:
Market is non - Gaussian and non - linear process. The market is NOT a stationary process, which means that all tools based on linear algebra 95% traders use, stuff like MA, CCI, RSI or support/resistance, etc DOESN'T work.
Solution to this is to ditch all you've been told. And search for theory and application in physics that can model characteristics of the market I mentioned above.
How can your oscillator have output deviating within an unbounded range and still converge across zero lines cyclically? I think you may be confusing definitions of stationarity if you're considering both a rolling moving average and an RSI to be non-stationary.
I don't have enough capital to trade comfortably with low drawdowns. I've traded with many online prop firms, earned some additional income, but never had time and discipline to do it day after day (sincerely hope I will improve this in the future).
1. Not really, maybe a fraction, I was genuinely interested what others traders have to say, good or bad. I'm always looking for new improvements, models and ideas, sometimes forums can provide useful insights.
2. No, I don't have guts to trade other people money. I have some insights about Jim Simmons RenTec strategy models, but it exceeds my brain capabilities by light years. There is a reason his company employs some of the brightest minds and PhD's in engineering and signal processing.
3. No, this was not my plan before starting the thread. Honestly, I thought about selling it many times through the years, but never could break on it and start commercial company. It would make me immensely happy that someone could earn a living, or transform their trading by something I can offer.
So final answer: at this moment, no, not planning to sell it.
I hope my answers met some of your expectations. Let me know your thoughts or advice about it.
Thank you.