Recent content by _coda

Probably the reason I see the advice not to place stops in the obvious positions. If it is possible to predict where a large number of stops are concentrated, this could be the basis of a trading strategy. Maybe it already is and I just haven't come across it yet. Something to think about when...

404 I'm digging through the indices resources. Unfortunately this link (http://www.camni.pwp.blueyonder.co.uk/indices_page.htm) is now a 404. Yes, I know I'm resurrecting an ancient link. But the next person doing so will be forewarned. ;)

Hi Jason MT's backtesting is broken and test results are often invalid as a result. It can skip data which is in the data set. If a trade was active before it decided to skip a couple of months your 50 pip stop could trigger a couple of hundred pips off. When I searched for information on...

The difference is the internet. It has enabled a two things. Firstly, the barrier to entry is much, much lower. We have online brokers, CFDs, Forex and Spreadbetting. Secondly, information glut. Sure the internet has been here since the early 90's but I certainly wasn't didn't have access to...

Thanks for the Odean heads up. I haven't had time to review the papers there but a quick scan shows that the one paper specific to day traders is based on Taiwanese data from 1995 to 1999. The summary quotes 8 in 10 as losing. Maybe this is the source of the 80% losers figure? Further nuggets...

No one is going to do your trading for you Justice, You are asking an open-ended, very subjective, and actually, very difficult question that doesn't have a single answer. A question that has also been asked ad nauseum. Spend a bit more time searching this web site and the web, and then...

Jungle Story Wandering off into the jungle on your own is a sure way of ending up as lunch for some of the many predators lurking in the gloom. So far I've managed to avoid the sharp teeth. What hasn't worked so well is avoiding tripping over my own feet in the dark, and sometimes...

livecharts uses the copydukas site. I'm sure I've seen it turn up at a couple of other web sites as well in my search for online historic data. It has a volume limiter that disables your IP address after a while, so it's not a resource that you can hammer indefinitely. They obviously don't...

http://freeserv.dukascopy.com/exp/

Hi CT et al I'm long cable from 578. (I placed that one 0200 this morning) Added to it at 667 and it's looking good so far. I use simple TA, but it always lags. With the GBPUSD having traced back 600 since the high, I was willing to go long with a tight stop and let it run. Woke up this...

Hi combo looks like we caught the same trade today. I also went long initially. I had had a good run shorting cable on Friday and going long today was me making a typical mistake, thinking I know what the market is going to do. (My official excuse is that I was testing a daily signal on the...

I am in two minds about this. Many here are techies, and I suspect enjoy building something that can actually be put to productive use. I am tinkering with a forex backtesting framework and am enjoying it immensely. At the same time I am looking at commercial backtesting systems. 1. Maybe...

the Peter principle

I am/was in the same situation as you now are. You can do one of two things. First option is to lie. I assume that IB doesn't really care. imo, that requirement protects them against a negligence claim from you when you blow your account and try to come after them. The second is to do what...

Typical web forum participation As a slight tangent to the main topic. Typical web forum/newsgroup activity ratios is believed to be around: (total membership) : (intermittent participants/long term lurkers) : (heavy users) = 100 : 10 : 1 90% take a look, brought by a search engine or a...