Anyone expecting to compound average +5% a day with a retail setup, should just play the lottery, since your chances might be a bit better. I don't mean to say that arrogantly, but a good system is one that is feasible and pragmatic.

What Defines a Good System?

url Haven't read it though...

Is there a book on metatrader?

Not that I've read it with much scrutiny, but for a pretty good translation, run the page through babelfish url cheers, Jam

Anyone heard of Break acceleration system from japan

Mikkom, That was an interesting article. One of the few areas of interest I haven't explored too much is the idea of agent based trading (which will take a heck of a lot of computational power); and I think this article falls along these lines. I ...

Systematic trading

Hi Daniel, Nice article btw; thanks for sharing. A few points of observation... 1) I think (with respect to mikkom's comment) that the the article's system is still static, however, the system itself is 'kind' of adapting in the sense that it is ...

System Analysis for Successful Trading

Hi Daniel, Sounds like starting your own thread would be a great idea, because I think It's going to get filled with specific questions to you rather quickly! I like your initial ideas. Can you expand a bit on some successful illustrations of ...

Systematic trading

Sure, there's a paper I referenced along those lines in this thread if you wish to stop by: url #7 The most difficult and time consuming process for me is to generate the actual hypothesis (through intuition or other means) to test itself. There ...

Pro Traders in a Random Market

Literally three posts ago I referenced an academic peer reviewed paper that you can go hog wild dissecting. Again, the only reason I don't link to OP is that I (primarily out of respect) am trying to avoid sparking some kind of unnecessary flame war ...

How to understand an edge

You know, I find the last comment particularly interesting. I've seen so many traders hurtle zen like statements regarding markets; a particular one that relates to your last paragraph is that, 'slaves predict, kings react.' Now I find it hard to ...

Pro Traders in a Random Market

People tend to look at the concept of prediction with great derision, because as we all know precise prediction of market movements is about as likely as seeing a unicorn. However, people tend to look more favorably upon probability, possibly ...

Pro Traders in a Random Market

Yes I read that thread. And figured some posters would attempt to use that as a rebuttal, without thinking it through. Unfortunately, the results of that thread do not apply here. Nor did the conclusion apply to all cases; as mentioned earlier, if ...

How to understand an edge

I'm fairly certain that the particular study was triggered from end of close from day1 to dayn (of course there is no SL and TP factoring, which would cause large variance in results), in which case the theoretical pattern result is reversible. I'm ...

How to understand an edge

If you search under the codebreaker thread, I believe mbkennel gave an example towards the end.

Kaufman's Efficiency Ratio Indi Needed

It's rare to find a refreshing thread and poster on any forum. In one respect, I get annoyed that they are lifting the bar for others who have spent years making similar discoveries, in another-- I appreciate hearing ideas that resonate soundly with ...

A Systematic Approach to Markets

It's possible I am misinterpreting you, but then again, maybe you can elaborate. To paraphrase you stated that based upon the tables you pasted, "edges are 'so' weak" therefore the patterns were useless; beyond that you implied publishing such ...

A question about the book "Candlestick charting explained"

So if I tell you that I found a coin that comes up heads only 40% of the time in 14 million tosses, it implies a losing system? I honestly hope you understand the flaw in your line of thinking; it's a pretty important concept.

A question about the book "Candlestick charting explained"

Not arguing pro or con at the moment; but a few comments: 1) The fact that they took the time to add statistics is a lot more than many other TA books do. I like to see stats. 2) What is so horrible about the stats? a 59% edge over a million samples ...

A question about the book "Candlestick charting explained"

FWIW, IF traders here agree with the adage to cut your losses and let your winners run, the very premise of martingale betting is increase your losses and cut your winners. At the outset, common intuition should tell you there is something amiss ...

Why martingale doesn't work in trading

I thought this was an interesting problem. Although I haven't went so far as to find a general form; I believe it's not too difficult to do. There are a few (argumentatively non-practical assumptions) that need to be made, however. 1) Each one unit ...

Trailing Stop Expectancy - A Mathematical Problem