I'm doing my best. Can you or anyone else who is confused quote sections that seem unclear to you, and I'll do my best to clarify.

One Way to Develop a Winning System

Hi Seavo, If you are dealing with a single-lot system then it is easier to answer question #2, and the answer can be virtually objective. Look at the Net Profit / Max Drawdown number. The higher the number, the better the system. If you're working ...

One Way to Develop a Winning System

Thanks for the questions Seavo. The first one is a really good one so I'll just reply to that one in this post and follow up with the other two later. Optimization can be helpful and can also be a proverbial black hole that is easy to get lost in ...

One Way to Develop a Winning System

Appreciate your comments. This thread isn't about any single system or my system's rules. It's about system development, or more specifically my method of system development. I think I have a lot to offer in that area. Feel free to ask me any ...

One Way to Develop a Winning System

Thanks Rosco, looking forward to some great discussion!

One Way to Develop a Winning System

I'll pause here while everyone catches up and to see what comments or questions are out there.

One Way to Develop a Winning System

The second step is in clarifying what you want. Once you have a broad idea of what you want, it is time to refine the idea down and create an outline and develop an image of what the system might look like. What markets will this system trade? What ...

One Way to Develop a Winning System

The first step to accomplishing any goal is to first determine what you want to accomplish. In this case my goal is to develop (idea into program form) a fully objective trading system that uses high-frequency data to take advantages of the ...

One Way to Develop a Winning System

You really don't need it. Standard pricing for the pair is in GBP/USD. Simply divide 1 by the price (assume 1.9000 on GBP/USD) and you will get the inverse (0.5263 in this example) or pricing for USD/GBP as you wish.

Need USD/GPB!

One More Thing... — One other thing is that the best breakouts typically occur when there is the highest level of activity / liquidity. This is after the opens - which means the U.S. open and the European open. So look for breakouts after 3:00 ...

Best definition of a breakout?

I'm not trying to sound cute, but the best definition is the one that helps you make profitable trades. Do lots of testing and determine for yourself rather than take the word of people on a forum who probably haven't tested their advice. Best of ...

Best definition of a breakout?

This just goes to show that looks can in fact be deceiving. It is easy to step back, look at it and think how great it is! But run through several dozen examples (it's so easy to do by hand, that there is really no excuse for not getting your hands ...

Very Simple Moving Average

My view on systems is that optimizing stops and profit targets is generally barking up the wrong tree. The main focus in system development should be on improving system logic rather than on finding optimal or robust parameters. My $0.02

This so called "self-destruction" of trading systems...

And yet there is a whole industry based on harvesting hapless sardines for consumption. Case in point:

This so called "self-destruction" of trading systems...

Good point. But also of note is that the relative difficulty in development leads to high profitability of truly outstanding systems for those looking to grab the brass ring. Also, great posts by mathemetician.

Is the "system" part really so easy to come by?

Looks like you're opening an orange juice franchise with those logos.

Turbo's Journal

Many people help out on forums like this for the satisfaction of helping others. I like to help where I can. But there is a difference between helping out and giving away the farm. At best this is naive. The $2 trillion belongs to someone else and ...

Holy grail trading system wanted, or nearest thing to it!

Honestly, if you switched your lot size to 0.01 you would probably be further ahead based on what I'm reading. But I would suggest to anyone starting out trying to find their way to trade at a high enough level that to keep you interested, but that ...

Lack of discipline.

I thought I was fairly clear in my last post regarding price action but I'll try to clarify further. Price action is a quantitative method, meaning it is looking at something that is objective and quantifiable (price) and analyzing it in a certain ...

Finally Naked