Any measure that contains the standard deviation of profits (Sharpe Ratio or T-Score) is automatically incorporating a notion of 'smoothness'.

How to evaluate consistency?

No problem, and cheers for the link. I think where I get confused with the Sharpe Ratio is when people start quoting 'Annualized' Sharpe Ratios, there is a discussion on this in 'Quantitative Trading' by Chan where he explains the corrections which ...

How to evaluate consistency?

I'm not sure on the Sharpe Ratio stuff, that always seems a little tricky to get right, but the formula I use for the t-score (sorry if I confused you with the z-score stuff, I got the terminology wrong) is... t-score = (average profit * sqrt(number ...

How to evaluate consistency?

I take a rolling window of my last ~100 trades with a particular setup, I do a students t-test on the mean profit not being zero, if the z-score exceeds 90% I trade live, if not I paper trade, if a setup does not make it to live for say 6 months, I ...

How to evaluate consistency?

Good call, another favorite of mine.

Forex Books you would Recommend

Another vote for 'The Way of the Turtle', one of the few trading books I have read which is not complete and utter garbage, in so much as it actually discusses system development pitfalls etc, as opposed to just presenting the same old 'Discipline + ...

Forex Books you would Recommend

LOL.

will brokers steal your charts

I'm not sure if this is relevant, but nobody seems to have mentioned it. The change in order entry style for MT5 only brings it into line with 99% of other trading platforms for all forms of trading (stocks, futures and most forex). What MT4 does is ...

NEW MT5 Seriously Stuffed For Traders Platform

Get me out of this trade and I will never trade drunk again.

Toilet Hugging Trade Promises

The one and only correct answer.

Forex Factory Hall Of Fame

Search for the posts of Hanover, he has gone to great lengths to explain to the mathematical equivalence of the two different order styles. He explains things far better than I ever could. The NFA hedging ban thread is a good place to start.

NEW MT5 Seriously Stuffed For Traders Platform

Wrong.

NEW MT5 Seriously Stuffed For Traders Platform

I think you are right, though, for awhile I suspect it will be a double edged sword, given the amount of time it took to get MT4 stable. This why I went to C++ Metaquotes seem to have the 'not invented here' syndrome (which is common in IT), ...

How about this excellent ea?

They need your copy/paste skills over at the 'MT5 Bad' thread, the usual suspects are clattering on about how the lack of multiple positions is somehow inhibiting their trading options. It is an interesting study in human nature and how the need to ...

How about this excellent ea?

90%, given the assumption that central limit theorem will guarantee my results coverage to a Gaussian distribution.

How certain can you be that you have an edge?

You have the patience of a saint.

How about this excellent ea?

Exactly! The idea behind any good scaling is to increase your reward whilst keeping your risk constant.

Trade manage, Scaled out or no?

I wanted to be encouraging in the last paragraph, but when I read it back I thought it sounded a bit naff. Reading acrary is an excellent place to start.

Systematic trading

I'm not sure that I've ever read anything where acrary said it didn't matter which strategy you use, but he also had a habit playing the odd joker to see if anybody was actually thinking about what he wrote. Quote: 'You would expect logically that ...

Systematic trading

Scaling in is simply a way of trying to maximize winners for momentum based strategies, of course placing successive trades does not dictate the future direction of the market, but as always it's about the right tool for the right job, the market ...

My case against a Millionaire Trader