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Forum: Newbie Island 09-28-2009, 11:19 AM
Replies: 4
Views: 158
Posted By triphop
Regarding trading system Why is it that an...

Regarding trading system
Why is it that an effective trading system must integrate a few indicators that are applied in such a way that it is not obvious to most observers?

Regarding Support and...
Forum: Newbie Island 08-10-2009, 04:41 PM
Replies: 109
Views: 3,077
Posted By triphop
Aha... well that explains it then. You are...

Aha... well that explains it then. You are talking about discretionary strategies - a very different kettle of fish.

Market conditions are easy enough (well, some may say hard enough) to adapt to...
Forum: Newbie Island 08-10-2009, 07:10 AM
Replies: 109
Views: 3,077
Posted By triphop
FXElite - I find that a bizarre way of looking at...

FXElite - I find that a bizarre way of looking at the market. If HFT tripled volume across FX, if Australia became the new financial centre of the world, if the average move dropped to a few...
Forum: Newbie Island 08-09-2009, 11:34 AM
Replies: 109
Views: 3,077
Posted By triphop
Market's don't change but market conditions do....

Market's don't change but market conditions do. Ranging/sideways markets are useful trading shorthands to describe... well, there's no need to reinvent terminology eh?
As for the system, people's...
Forum: Newbie Island 08-09-2009, 10:19 AM
Replies: 6
Views: 127
Posted By triphop
Well no - you can make objective statements about...

Well no - you can make objective statements about any instrument. No offence meant if you use Elliott but I find it at best pseudo-scientific.
Forum: Newbie Island 08-09-2009, 09:55 AM
Replies: 3
Views: 88
Posted By triphop
No worries. Rough and ready method - I'd probably...

No worries. Rough and ready method - I'd probably go with an export out of MT4 (latest version allows you to do it), and import into Excel and calculate from there.
Forum: Newbie Island 08-09-2009, 09:49 AM
Replies: 109
Views: 3,077
Posted By triphop
Ha ha! Bang on the money there Dale. Have you...

Ha ha! Bang on the money there Dale. Have you ever read Way of the Turtle? If not, it'd be right up your street - great book that talks a lot about the different biases that makes you do things like...
Forum: Newbie Island 08-09-2009, 09:26 AM
Replies: 6
Views: 127
Posted By triphop
I think it's bloody awful, you might as well use...

I think it's bloody awful, you might as well use tea leaves. There is no real market logic behind Elliott, no two Ellioticians (?!) have the same view, so it becomes so utterly subjective that it...
Forum: Newbie Island 08-09-2009, 09:20 AM
Replies: 3
Views: 88
Posted By triphop
You're gonna struggle - retail brokers all close...

You're gonna struggle - retail brokers all close at different times on a Friday night, plus they use different feeds for their prices. The different feeds account for a few pips either way...
Forum: Newbie Island 08-09-2009, 08:59 AM
Replies: 109
Views: 3,077
Posted By triphop
Likewise Dale, good to hear from you. As a...

Likewise Dale, good to hear from you.

As a matter of interest, of your losses how much would you attribute to your system not working vs you changing the system. By that, I mean when you either...
Forum: Newbie Island 08-08-2009, 07:30 AM
Replies: 109
Views: 3,077
Posted By triphop
Dale, billions of questions you've got, so I'll...

Dale, billions of questions you've got, so I'll tackle just one of them:
"most, if not ALL, trend following trading systems or indicators as designed by very well known authors on the subject do not...
Forum: Newbie Island 08-08-2009, 06:36 AM
Replies: 8
Views: 226
Posted By triphop
Stub, ignore the tosh above. I know what you're...

Stub, ignore the tosh above. I know what you're asking and I don't know of anything that does this - personally I use Excel. If such a program does exist though, I'd look further afield than Forex...
Forum: Free Forex Trading Systems 07-31-2009, 10:11 AM
Replies: 17
Views: 601
Posted By triphop
No disagreement really - switching systems as a...

No disagreement really - switching systems as a means of proving profitability is nuts, true. But it's useful to get your head around the market which to be fair, isn't what this thread is about.
...
Forum: Free Forex Trading Systems 07-31-2009, 09:45 AM
Replies: 17
Views: 601
Posted By triphop
Think or know? I'm not pessimistic - I enjoy...

Think or know? I'm not pessimistic - I enjoy trading. But having tested and designed hundreds of system, I also know 99% of them are doomed to failure, regardless of whether you follow the rules or...
Forum: Free Forex Trading Systems 07-31-2009, 07:38 AM
Replies: 17
Views: 601
Posted By triphop
In short, because most systems have the same...

In short, because most systems have the same expectancy as coin-flipping; and no amount of money or risk management can change that.

Then, newbies come along and try to follow them, and but...
Forum: Free Forex Trading Systems 07-31-2009, 06:28 AM
Replies: 17
Views: 601
Posted By triphop
OK, OK you're right I don't have a need for this...

OK, OK you're right I don't have a need for this so I'll leave you to it ;) I'll just say this though "the reason most traders struggle to make a profit is due to a lack of consistency" = dangerous...
Forum: Free Forex Trading Systems 07-30-2009, 01:18 PM
Replies: 17
Views: 601
Posted By triphop
You're kidding right? Just backtest instead,...

You're kidding right?
Just backtest instead, it'll save you spending valuable hours of your life on crappy systems.
Forum: Newbie Island 07-20-2009, 05:52 PM
Replies: 15
Views: 410
Posted By triphop
Easy tiger (minted)! I just wanted to inject a...

Easy tiger (minted)! I just wanted to inject a bit of realism around here. There are plenty of posters elsewhere giving the sugar-coated fantasy land version of events, can't hurt to drop in the...
Forum: Newbie Island 07-20-2009, 02:26 PM
Replies: 15
Views: 410
Posted By triphop
The UK has tax-free spreadbetting, or if you...

The UK has tax-free spreadbetting, or if you trade through a broker, you'll pay capital gains tax at 20%ish after clearing your allowance (about £8k)

If you've got £100k spare, bucket-loads of...
Forum: Newbie Island 07-20-2009, 06:38 AM
Replies: 12
Views: 373
Posted By triphop
I agree with the sentiment, but ironically, the...

I agree with the sentiment, but ironically, the turtles didn't develop their own system - it was Richard Dennis who gave them the system that eventually returned profits. Those who succeeded simply...
Forum: Newbie Island 07-03-2009, 11:28 AM
Replies: 24
Views: 1,083
Posted By triphop
Aggh! It's not free, it's certainly not all...

Aggh!

It's not free, it's certainly not all available here, there are plenty of secrets, lots of different ways of trading you're not aware of, and many books that can point you in some of these...
Forum: Newbie Island 07-01-2009, 03:08 PM
Replies: 9
Views: 179
Posted By triphop
I'd agree with the posts above - get manual...

I'd agree with the posts above - get manual trading right first and then learn programming (if you think you can mechanise the strategy). A good half way house is Ninjatrader because you can create...
Forum: Newbie Island 06-30-2009, 07:51 PM
Replies: 9
Views: 179
Posted By triphop
Yes I did. Took less time that I expected to do...

Yes I did. Took less time that I expected to do what I wanted but I spent a long time resisting it, thinking I could get away without it. I ended up farming a lot out to 3rd parties, but ultimately...
Forum: Newbie Island 06-30-2009, 07:47 PM
Replies: 5
Views: 299
Posted By triphop
Try ninjatrader to start with. No programming...

Try ninjatrader to start with. No programming required, program is free but you'll need a subscription to a data service to start you off.
Forum: Newbie Island 06-30-2009, 07:45 PM
Replies: 6
Views: 241
Posted By triphop
Very credible. Rather unbelievable I know, but it...

Very credible. Rather unbelievable I know, but it is.
Showing results 1 to 25 of 276

 
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