Rom wrote:If it was possible to combine stochatics with a couple of standard indicators and get a profitable system that produces one a more trades every day, that system would easily have been turned into an EA, and would easily have produced a verifiable proof.
And that's exactly why you & your kind fail to grasp the realities & subtleties of professional trading.
Who said there has to be one or more trades every day??
In fact, why does there even have to be a trade every session?
The thing is son, not everything needs to be automated or slotted into a neat little EA box in order for it to function efficiently.
There are some folks out there with perfectly able brains who are smart enough to realize that markets function purely & simply on the back of supply & demand.
When one overwhelms the other with sufficient momentum & directional bias (on whatever timeframe you choose to plot it on), you are then in a positive position to avail yourself of that opportunity, providing of course you have a set up & trigger combination that suits your style, attitude to risk & sits in tune with the current market cycle.
The examples that Carll has presented within the Combination Strategies thread utilizing a very simple moving average & stochastic assistor (on his 5 minute trigger timeframe) to aid his interpretation of dominant bias & entry criteria, is merely emphasizing & highlighting the area's & levels that signify supply or demand imbalance.
If you understand that structure & are able to identify when the higher odds/lower risk opportunities exist sufficiently enough to take advantage of those common market behavior traits, you can use whatever combination of price action and/or indicator based assistors you like. But the important point to remeber here is:
you only execute when the conditions suggest that your odds are favorable & your risk is manageable.
Now, if you’re not comfortable or confident enough in your skill level to be able to partake in that particular aspect of market participation, you’re going to have continue doing what you’re currently doing.
And if you can’t see, or you’re not smart enough to be able to appreciate the benefits of an alternative type of market observation & application, then let it go & get on with your own business, there’s a good lad.
This forum is intended to cater for all tastes & preferences.
Thankfully we don’t all pray to the EA gods. Some of us actually use the brains we were blessed with & cultivate them accordingly.