You'd be amazed how many caveats there are. Another here: url . So, let your account be the one telling you if you are OK. You've probably learn that from a Malcolm Gladwell book, 'Blink...' iirc. At least, he is the one author that generalized ...

Why Simple is better in trading and Complex is not

Well, then I hope for your sake that you belong to the minority of competent human traders.

Why Simple is better in trading and Complex is not

If I had to pick a single reason from those, I'd pick "Not being mentally prepared", cause that one precedes most other reasons.

5 Reasons Why Traders Lose

I don't code either, but I have friends who do, so I have some idea of how complicated, even impossible at times, it is to code seemingly simple concepts. Caveat emptor, most people do not make good traders. Be careful on which person you put your ...

Why Simple is better in trading and Complex is not

Yes, the few EAs that do work for long periods of time are usually based on simple concepts. That doesn't necessarily mean they were easy or simple to code though. Ah, but you miss the point! Any 'loser' can become a winner just by having a good EA ...

Why Simple is better in trading and Complex is not

Ok, TEB fair enough. I'll say it now, they'll have to eat those EAs faster then, because a few of them have been and continue to be consistently profitable for years now.

Why Simple is better in trading and Complex is not

Thanks for the detailed explanation. A picture is truly worth 1000 words Like Hanover and AimHigher, I too find Kelly criterion too aggressive. Most of my trades risk way less than 1%.

Does the martingale system really work?

Imho, your friend the programmer you were talking to is both right and wrong, and he is more wrong than right. Humans do have the potential to be by far better traders than EAs, but let me add a big caveat emptor here, humans also have the potential ...

Why Simple is better in trading and Complex is not

Alex, Thanks for your help

Igrok Method. Q's & A's. Comments, thoughts and ideas

Hi PipMeUp, Well, I'm not going to pretend to have understood everything you've wrote, as my statistics knowledge comes down to the basics. But from what I've understood, bottom line I agree with you. Basically, the strategy determines a strong ...

Does the martingale system really work?

Hi traders, I see traders often mentioning 'unpaid divergence debts', especially here on Igrok's thread. That has always intrigued me. Do divergence targets always have to be hit, or is it the case that they are valid only during a certain period of ...

Igrok Method. Q's & A's. Comments, thoughts and ideas

Thanks David. You're a gentleman. I have much respect for you, hence the need to clear any misunderstanding. Cheers, vox

Does the martingale system really work?

Hey David, Basically, I agree with each and every point you've mentioned on the text above. For a moment I thought you were opening an exception to point 2 (MM can't alter expectancy), hence my state of confusion. The very thought of you stating ...

Does the martingale system really work?

@ Hanover I've re-read the relevant posts, and think my doubt might come down to differences in semantic interpretation. A higher probability trade naturally deserves a bigger wage, whether it happens BEFORE or after, a lower probability trade. This ...

Does the martingale system really work?

Hi Hanover, Excellent post When it comes to putting 'important' money on the line, I share the exact same thoughts you've expressed. One can never be too cautions when it comes not to lose significant capital. Rule #1 Do everything ...

Does the martingale system really work?

80s goodness video

What kind of music you hear while you trade?

Most retail traders don't lose because they use stop loss orders. Most retailers lose because they take profits too soon and stop their losses too late. Easy to check facts: just google it, there are plenty articles with stats published. It's easy ...

Trading Without a StopLoss

This should answer a few questions...

Trading Without a StopLoss