Recent content by AyePee

You should have no trouble testing your ideas in excel. You need to find the data (try a google search). If your excel skills arent up to, try this book.....http://www.amazon.com/Excel-2007-Dummies-Greg-Harvey/dp/0470037377/ref=sr_1_1?ie=UTF8&s=books&qid=1268873712&sr=8-1

did you put a lot of thought into that.....thats for your input.

Hi all, I trade a trend following style. I have been in drawdown for some months now, and I was wondering if I was on my own. My drawdown has been slow and boring, and so far, it is about 40% as deep as my back testing suggests is possible (not 40% of my equity). So far, this drawdown hasnt...

It will be very hard for you too make money if you have such a negative attitude. Although the idea can be somewhat comforting, particularly after some bad trading......there is no giant conspiracy at play to relieve you of your cash. Yes, you have to pay brokerage, and cross spreads, but you...

Toast, Can I ask how you reach your estimate of 4? Personally, I find the internet a very useful resource for trading research. You may need to sift through some junk, but there is plenty of valuable info on the web. I wont tell you exactly what I do to make money, but if you ask nicely, I...

This thread is titled "Advice Needed", yet when Amnonco offers some advice, you tell he is wrong, and that you already have the answer (well, you call it your opinion).........do you want advice or not? As far as I can tell, the answer Amnonco gave you is the best on this thread, and the one...

As usual, i have not quite made myself as clear as I would like (I guess that is why you are the author, and I am the trader). To be clear, for me personally, your second book didnt add a lot to my trading. (where as, your first book did). This isnt to say the second book is of no value, it is...

I read both Mr Covel's Book's, and both Mr Faith's books. I found that Mr Faith's first book explained the basic nuts and bolts to get yourself started in backtesting trading strategies, while Mr Covel's first book was a little light on for the basic "how-tos", but very good as discussion of...

FXCode, I couldnt disagree more. I developed a winning system, with average money management rules, and it performed ok. I then worked tirelessly to improve the money management rules, and roughly doubled the performance measures (the usual measures, Sharpe, MAR, etc,etc) of my system. You...

Hi all, I am looking to open a futures account. I will be based in Sydney (Australia), and would prefer a broker with a local presence (although this is not essential). I will want an account based in AUD. Since there are only a few contracts traded in AUD, I am particularly interested in how...

I size my positions by risking a constant amount of equity over a measure of volatility I use. This means all trade risk the same % of capital, in the more volatile markets I trade less with wider stops, and in the quieter markets I trade more with tighter stops. I agree with your point about...

Hi guys, Does anyone have a feeling for what sort of Sharpe Ratio and MAR are attainable for a mechanical trading system? Any thoughts on what may be better (more relevant) measures of performance for a mechanical trading system? Cheers, AP

I would suggest it depends on your size.If you are doing small, I would use the futures market in the more liquid pairs (AUDUSD, EURUSD, CADUSD, CHFUSD, GBPUSD, JPYUSD). As a former forward FX trader, I can tell you that we made a truckload of free money doing overnight and short term FX rolls...

I have 15 years of back adjusted data across over 30 markets. I have tried reducing position sizes after a drawdown of X%, I have tried reducing position sizes after a bad week of Y%. I have tried using moving averages of my equity curve to reduce position sizes as they crossover in a negative...

James, Software for testing: You are best to do your own testing. That way, you will know exactly how the results are being calculated. Also, as this will inevitably take longer than using prepackage software, so you will gain a more intimate understanding of your trading rules and how they...