Exactly, if you are a developer you should have the ability to tweak the automated system easily - however, for lay traders, based on a third party code to deliver great results each period is unrealistic. .
Exactly, if you are a developer you should have the ability to tweak the automated system easily - however, for lay traders, based on a third party code to deliver great results each period is unrealistic. .
Hi Folks (1st post)
I'm new to see FX, but I traded futures extensively in the 1990s and for a time held a Series 3 license.
You need to be able to'read' the market from only a pub or candle chart to get any expectation of continuing profit. Why? Since the market is a non-stationary function. Not only do prices vary, but the principles of the market itself vary from time to time. That means that your RSI set to 14 bars can work great while the market is temporarily behaving like a 14-bar RSI anticipates. But as soon as the market abruptly changes to some other behavior model, you lose. Systems that can't self-adapt will almost always lose. If you don't have access to the highly complex methods like financial institutions use, your efforts to make money from crude moving averages and oscillators will probably wind up badly. Been there, done that. You are fighting a war with sticks and stones.
Indiors are very valuable to provide context information that aids in your choices, but you can't ever rely on just indiors. You have to find out what the market is really doing regarding its interaction with support and resistance levels. The market will tell you what is up in the event that you listen.
I recommend that newbies see the market, on 1 minute 5 minute bar charts, for a couple hours every day for many months. See the indiors you intend to use, and observe how they act when normal things occur and when strange things occur. Then apply those lessons to miniature real transactions (0.01 lots). You have to learn to understand patterns and read goals from the way in which the market moves, and there's absolutely no way that can occur IN REAL TIME without experience.
Good luck!
Algo and HFT definitely rule, but you gotta keep an eye on the system.... Summing up all logic to some code is a great idea if it had been even reality.
Why you gotta keep an eye if it definitely rule? Not quite logical
you keep an eye everyday? Or 100 eye everyday? Did you count?
Originally Posted by ;
Because there is no bug free code,
Code can only be as good as the Developer itself
Indeed, over years, I discovered for myself, a retail trader, the tons of efforts/time/energy spent on coding/debuging/eyeing EAs are extremely wasted compared to people on market
several times, EA traders believe they're trading, not really, they are handling EAs instead of markets.
That is why I realise that you has to be manually profitable before considering an EA.
Good day everybody! My apology if I came to join this thread. Only a newcomer question
Only new here in nigeriaforextrading, still don't know how to begin a thread. Hope you could guide me .
Need help... Is there anybody here have an idea where can I hunt for the fiscal events/news since 2008?
Thank you everybody! Have a nice weekend!
LOL I know..used a couple EA's when I was a newbie and yeah, blew my accounts all the way to hell. I guess its all part of the learning procedure, bottom line if a market is evolving, no single egy will deliver results continuously. So choose for manual trading. .
This is the reason why most EAs require appliions tweaks every few weeks. .
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