Hi FXEZ, There's not much to say except that I pretty much agree with everything you've said in your post. It sounds like you've spent some time with back testing strategies. Thanks for the contribution. Look forwards to hearing more from you. Take ...

My progress as a full-time investor & trader

CONCEPTS, FRAMEWORKS AND ANALOGIES - MIND STUFF In the nine odd months I spent studying systems and looking for edges, I noticed that the way I think about designing trading systems has changed. So I've decided to journal a little about how I think ...

My progress as a full-time investor & trader

Hi erik1, Thanks for your comments, they certainly provide some good food for thought. The field of Neural Network and Genetic Algorithm based trading systems is really fascinating and being a developer at heart it's something I'd love to get into ...

My progress as a full-time investor & trader

Hi 21vs7, Tough situation trying to find a generic and effective trailing stop approach without backtesting. If you've decided to use a trailing stop as an exit strategy the first thing you will need to consider is what type of system you are trying ...

My progress as a full-time investor & trader

Hi Betterlife, Thanks for your thoughts. Yes I am a member of Asirikuy and I have a huge amount of respect for Daniel Fernandez and the work he has done with the Asirikuy community. I think Daniel is incredibly hard working and scientific in his ...

My progress as a full-time investor & trader

SOME NOTES AROUND HOW THE EAs WORK ---------------------------------------------------------- Please note that I am broadly documenting how the current EAs work (without identifying their edges) ... but this doesn't mean that it's the "correct" way ...

My progress as a full-time investor & trader

Just some thoughts as to future topics I plan on spending some time on ...(not necessarily in this order) EA related ... 1. Some specifics about how these EA's work (covered by Hanover to some extent) 2. Some of the indicators which I've developed ...

My progress as a full-time investor & trader

Hi Pip Commando, At this stage in my investment/trading experience I lean towards agreeing with you. I have found programming EA's to be backtesting profitable exceptionally challenging. Although I don't think it's impossible to develop EA's that ...

My progress as a full-time investor & trader

Hi MAC Doug, Thanks for your comments, the main intention of the post you've quoted is more to give some insight into the amount of effort I went into when I started my study of technical analysis. As I mentioned I only found I could develop ...

My progress as a full-time investor & trader

Hi Pip Commando, I look forwards to reading your posts and love your declaration ... "I will either make it in Forex, or die trying." Cheers, mim2005

I will either make it in Forex, or die trying

and a few more ... image image image image Take Care

My progress as a full-time investor & trader

THE SYSTEMATIC STUDY OF TECHNICAL ANALYSIS FOR EDGES AND THE EFFORT INVOLVED When I started forex I decided to systematically study TA and write EA's and indicators that would test PA patterns and determine what sort of edges are available. I spent ...

My progress as a full-time investor & trader

The three EA backtests shown above were started on 1st April 2007 and ended on 24th July 2013. One way of comparing EA's is using the MAR Ratio (which is similar to what you've suggested) - to measure their annual compound growth in equity over ...

My progress as a full-time investor & trader

The truth is that in forex trading I'm not successful yet as the EA's are not proven in live environment, but hopefully I'll have more to add once I see the live results over the next few month, even then it's clear that the EA's can experience ...

My progress as a full-time investor & trader

I agree that the back testing doesn't account for slippage and wide spreads during news events as you've mentioned. Also true, the MT4 strategy tester has a lot of issues (unfortunately I know many of them up close and personal), but ultimately if ...

My progress as a full-time investor & trader

Developing the EA's above took a lot of study and work in collaboration with my trading buddy Hanover. For people interested in EA development I will be going through the broad approach I used over the next few posts. Hopefully it will help to fast ...

My progress as a full-time investor & trader

Lots of things ... — 1) Perseverance ... Making a commitment from the beginning to be a successful trader no matter what lies ahead. Being doggedly determined and being prepared to do whatever it takes to succeed, and having confidence that ...

What helped you the most to be profitable?