some inspiring videos on RMI
Inserted Video
Another Day, Another Chair, Another Day in the Office 198 replies
Systematic trading 1,566 replies
Nonparametric Association Measures in Systematic Trading 57 replies
A Systematic Approach to Markets 68 replies
Systematic Trading vs. Discretionary Trading 14 replies
DislikedHi alphadude, quick question regarding your strategy on USDJPY. When you say you tested with no stop loss, but exit on opposite signal, does that mean for example if after the first 2 hours of the day, price breaks above that range, you take a long, but if it retraces and reaches the low of that range, you exit? In that case, doesn't the range itself define the SL? Thanks,Ignored
DislikedHi Aplha, I had similar experiences with my autotrading, and turned to descretionary trading. And to my surprise (only in my first few years long time ago I traded discretionary) so far it serves me well. I was convinced automatic trading was the key, but now... I'm not so sure anymore. Will see how this develops, maybe in the end i can filter out a new system and once again go the auto trading route.Ignored
Disliked{quote} Interesting experience; There is big potential in discretionary trading; but the emotional toll and discipline in getting early on time etc is daunting to say the least. I am still manually trading but on a smaller scale. I do that to keep up with the markets; and helps improve the EAs. What I learned so far; - is that manual trading does help in keeping in touch with the markets; and convenient if you only do trading for 3 hours a day; few days a week. Usually during London session. - I realize how good EAs can be when compared to the discretionary...Ignored
Disliked{quote} Most of traders neglect basics. Otherwise trading is not complicated as long as you are properly capitalised and using the money which is not going to affect you substantially. You don't have to stick to FX Now CFDS are available for all kinds of instruments including stocks. Far better to trade them. Stock index is a product which provides a lot of volatility , far more than FX pairs. ADR of Dow Jones is 350 ticks (pips) . GBPJPY ADR is 200 pips. When calculated on the basis of daily ADR, a good broker should not charge more than 2.5% including...Ignored
Disliked{quote} That's excellent. Do you restrict your trading to certain pairs or sessions?Ignored
Disliked{quote} very good question; and yes to both questions. I only trade the majors; and avoid pegged currencies like USDCHF; and avoid all crosses. EURUSD reprepsents 90% of all of my trades. I usually avoid opening hours; London open and NY open; and sometimes even London close as well. In my opinion; it's better to focus on one or two pairs; rather than be all over the place.Ignored