Is there any profitable indicator based system?

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Re: Is there any profitable indicator based system?

Postby JimmyMac » Fri May 14, 2010 6:41 am

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.
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Re: Is there any profitable indicator based system?

Postby jjay » Fri May 14, 2010 9:16 am

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.

?? You've totally missed the point of what everyone has been talking about haven't you :lol:
Have you actually read the thread properly?

No-one is using standard indicators or anything else to construct a "system" at all on there. That thread is so far removed from typical "systematic" trading it's unreal.

The content being presented on that thread is a discretionary model. But then if you'd read & properly understood what is being presented, you'd know that wouldn't you :lol:

The very structure & behavior of that type of market execution lends itself to the inclusion of a technical indictor or two at the traders discretion & preference.
It's not an indicator biased system as you're so stupidly attempting to label it.

Rom wrote:The solution require something more than the old indicators combined in the old way with simple TP and SL, and no consideration of trading hours.

And that comment very clearly demonstrates that you haven’t got a fucking clue what the content, structure or objectives of that thread are all about.

You are so far off beam it’s laughable! :lol:
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Re: Is there any profitable indicator based system?

Postby JimmyMac » Fri May 14, 2010 10:11 am

As jj has intimated, you’re totally missing the point.
The filter is the momentum/directional bias of the market rhythm.

You have obviously failed to grasp the concept of why Carll is utilizing his indicator preferences or what they’re being used to signify. If you had bothered to familiarize yourself with the strategy objectives & influences in the first place, you wouldn't have been so enthusiastic to start a seperate thread exclusively dedicated to it.

I have no desire to continue banging my head against a brick wall, & will therefore take no further participation in this discussion.
You might well have time to waste on pointless topics, but mine is a valuable resource.
Good luck & good (future) trading.
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