Let me illustrate:
When I scalp, I scalp using the RAT,
Uhuh. You don't even know what a RAT means. What the heck is a Rat? Can you provide some empirically validated and/or mathematically derived definition for what a RAT means? Its a freak'n Daily Lower and Upper Shadow on a Candle Stick Chart! I created indicators for this eons ago. There's nothing new here, pal.
Let you illustrate? How about your find yourself a VERTICAL MARKET to trade your HORIZONTAL LINE and/or your Green or Red Rat, THEN come back here and write with the same calmness, after you've been transported to the hospital for severe spinal chord injuries, caused by self-induced, high speed WHIPLASH - lol!
This is nutz! Newbies - beware.
...(which is just a moving horizontal line, btw) and do so profitably.... but heres the catch:
I dump trades when price stalls, unless I have some profit and can take a bit of a retrace. I dont take full stops.
Code That.
Seriously.
There's a huge difference between being able to write trade logic for a system or strategy, and not being able to computer code for that same trade logic or strategy. You mean, you CAN'T code the computer to execute on the trade logic, because there is nothing difficult whatsoever, about writing the trade logic for what you just implied as being too discretionary.
"I dump trades when price stalls..." - that can be specified logically and thus coded.
"Unless I have some profit and can take a bit of retrace..." - that can be specified logically and thus coded.
"I don't take full stops." - that too can be logically specified and thus coded.
You have not written a darn thing here that cannot be put into an EA, where you can then post the Equity Curve, here on this forum. You might have difficulty writing the Trade Management Logic, but that's only due to your lack of experience as a real world Trader, that's all.
Next illustration:
I used to scalp psycho lines, but its not as profitable as the rat...
My goodness - what do you think the Daily Retracement Level is, if not the so-called RAT? This is the problem with a clueless shill - you don't know anything worth posting. You just said that the "RAT" is more profitable than that which
makes the RAT possible! How illogical and absurd is that?
I would enter when price hit the line "with vigour" and dump (again) at a stall in price.
Vigor? LOL! This is hopelessly clueless gibberish. When price hits the line with "vigor." Empirically define "Vigor," if you can? More importantly, define "Vigor," through the much more meaningful tools of the ratio between Price and Time, if you can? Vigor on volume? Whose volume are we talking about - Deutschebank volume, UBS volume - Barclays volume - FXall volume? Whose, exactly?
I cannot make my computer trade these things, but I can trade them myself.
With tons of human error embedded throughout every single trading session you engage. Been there, done that, kid.
Like most actual traders the phrase "about there" is probably the closest I can get to an exact entry or exit price.
This is the problem with holding out "Donational" PayPal threads like this eventually leads to. Especially, for newbies. Newbies don't need to be lured into thinking that all they need is a Horizontal Line and a market that never get's HORIZONTAL itself. Combine the two, and you have a recipe for disaster.
Why do so many people believe that a backtester is somehow the ultimate argument proof against a trading method?
If you back-tested this highly partial method, then you already know precisely why you argue against back-testing. Only a darn fool, would argue against back-testing, as if it somehow demonstrates or validates nothing at all.
Especially when done with backtesting software that does not use timestamped tick data for both bid and ask price? A backtested system is an indictment of the coder first and the system second.....
If you are trading that close to the edge, then the nature of Forex itself, is enough to indict the trader and their methodology.
You write this stuff as one who strikes me as not having much trading experience in the aggregate. You come on here in defense of an unethical character (Avery) and write as if you are posing for Paypal account. There is no central clearing in FX. Furthermore, it is called
Time & Sales data. Thirdly, even a novice trader in FX ought to know by now, that when you back-test your system/method, you do it on the same platform upon which you intend to execute you trades. Why? Because, your Intermediaries bars of data WILL vary from the next Intermediary.
In FX, you don't intentionally design a system or method to the Bid/Ask, you
intentionally design that system/method to the High/Low of the bar. Why? Because, the mathematical variability between any two or more Intermediary's High/Low -vs- Bid/Ask ratios, will always show far greater deviation in the former, as opposed to the latter - and for the exact same reason given above, having to do with WHY you conduct all back-testing on the same platform upon which you execute your trades. Thus, my platform my never see your Entry level, but as long as your Intermediary posted that price on the chart, it matters not to YOU, because YOUR trade will get triggered.
I would say, stop being a water boy for TRO and start really learning something about this business called FX. TRO does what he does, because he does not yet understand Price Action and Market Behavior. And, that is because, he has YET to develop and/or discover the mathematical tools necessary to accomplish that task. When he does, he will, most likely. But, until then, both Avery and YOU, will still suffer Whiplash to a degree that only a total Novice must suffer.
I think the Newbie should be able to read between the lines on this. And, I have ALWAYS stood for the Newbies, as opposed to standing against them - or trying to sell them something disguised as "Donational."
As you were - or as you thought you might have been.
