But, doesn't that all depend on how you define what "thinking" means? Is a software developer a problem solver, or a specifications executor? Where does the genesis for an idea begin - in the mind of the developer, or in the mind of the one who ...

Do Software Developers Make Better Traders?

LOL! That was hilarious. I think it highlights one of the distinctions that I made in my original post: All Algo trading is machine trading, but not all machine trading is HFT trading. Any automated trading process, no matter how elaborate, is a ...

Do Software Developers Make Better Traders?

I'm up between 5am and 6am each day, and typically don't see my bed until after 12am, when I'm doing research. Right now, I'm doing system development using a Visual EA builder tool, so I don't put in those same hours each day. I'm only using the ...

The life of a trading system on Forex Factory

That's certainly one of the illusions of trading FX, I would agree. I think that if you put the scalping method to an empirical test across a broad enough range of history and all four (4) market conditions, that you might find a different ...

The life of a trading system on Forex Factory

This is part of what makes the learning curve so steep - but locating the SL as a function of increasing net/net profitability, is only part of the game. It is only one dimension, of a multi-dimensioned process that has to be optimized, without ...

The life of a trading system on Forex Factory

Yeah, but getting there is the hard part. There's absolutely nothing easy about "getting there." That part is very, very tough to accomplish. Just ask any Ph.D., that has attempted to become a consistently profitable trader, under all market ...

The life of a trading system on Forex Factory

Lines and Price Action Triggers. That's just as good as any trading tactic, or method. And, there are people out there who have been successful with simple ideas. But, not until they learn what works and what does not work and that process takes ...

The life of a trading system on Forex Factory

I'm sure I've found yet another one, too.

The life of a trading system on Forex Factory

Consistently profitable over what consistently, continuous time interval? That's the thing that people who claim its really easy never seem to define. Profitability over what time interval? That's the question. I outlined why this is important to ...

The life of a trading system on Forex Factory

I used to do that, but got booted off forums for speaking my mind about trading ideas. It was like those forums wanted people to be consistent losers.

The life of a trading system on Forex Factory

Yes, true. But, it does not become the exact opposite until after one puts in the hard work, study, research, testing, development and design to make it so. That's the strange reality of becoming consistently profitable. The vast majority of ...

The life of a trading system on Forex Factory

Actually, I was just thinking the same thing about programmers. They often times think that it's easy developing real trading systems that are consistently profitable in any market condition, until they find out that software development, is not ...

Using MQL Print and Comment Functions?

No problem and thanks again! iD

Setting Tester Default Chart Template?

Yes. It is extremely difficult for the retail trader to make it and for the reasons I outlined above. Your post is a testament to the fact that you get it, whereas many will never get it. You are halfway there, but the second half is where the real ...

The life of a trading system on Forex Factory

Great post, LP! You pretty much summed-up what goes on inside forums like this and has been going on for many years in retail forex. Many have (unfortunately) experienced exactly the steps you laid down. You should make a 12 Step Program out of it, ...

The life of a trading system on Forex Factory

12 x 200 = 2400 Dividing H1 by M5 = 12. 60 minutes is 12 times the size of 5 minutes. The known MA period was 200. To maintain the same ratio down to the 5 minute chart means to multiple the size of the differential between the 60 minute and the 5 ...

1HR moving average on a 5M chart

This seems like a Ratio & Proportion problem: 60min chart = MA21 5min chart = x 60min/5min = 12 12 * 21period = 252period The MA period on your M5 chart would need to be 252, or 12 times the size of your M5 chart.

Moving Average on Different Timeframe Chart

LOL, this is actually as uncomplicated as my system's get - which means MT4 might not work out for me, if its this difficult to do something this uncomplicated. These are really simple formula to price conversions. I've got some that run for pages ...

Using MQL Print and Comment Functions?

Essentially, this is what I need to plot lines for on the chart. This is the manual version in Excel. Its funny how it only took me 30 minutes to build this in Excel, yet I'm still trying to find a way to get it done with MT4, LOL! image One line ...

Using MQL Print and Comment Functions?