I'd recommend spending some time with TsT. They have a lot of good educators. I've been trading with them for over a year. I've never passed a combine, it's really helped me in my development. They have a great team there. I trade live now with a prop firm. I am succeeding in my career and I have this forum to thank and TsT. Still trying to pass that combine, LoL. If only I could learn to stop out of a losing position.
Alligators and crocodiles are not the same. A lot of people don't know that.
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Idk man seems like a lot of different obstacles. I'm not sure why you want to automate and learn programming to compensate for trading. Wouldn't it be better to learn how to trade first successful? Why are you so interested in the TST combine instead of just starting with maintaining your own account to make your way live first? I'm sorry if I missed your reasoning for all of this but they it just strikes me as peculiar as to why you're avoiding just trading sim.
Like I've told you before, If you don't have an undying passion for programming already you're going to have a hard time sticking through to making a algorithm that works. Many people spend years making a decent algo. Do you really want to go down that path considering you don't know how to program? That's a huge investment. You're better off just going back to college and building a nest. Once you learn how to program from college and have a steady job with it then you have better chances with it.
Last edited by Itchymoku; October 20th, 2014 at 12:49 AM.
The following user says Thank You to Itchymoku for this post:
I want to learn programming just so I can backtest more efficiently on NT, as one can not backtest efficiently without some programming knowledge.
I have no desires at the current moment to design an algo lol .
I was already live for year trading the ES.
I am interested in doing a combine since it appears from the numerous posts I've read on this forum, that it is apparently a great learning process (with real trading professionals who can give you useful advice) .
Have a great day mate,
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Are you talking about a 70% drawdown on total capital? If so, that is MASSIVE and I guarantee you here and now that you will break your rules and change your methods (and generally freak out), way before you reach anywhere close to 70% drawdown when trading live.
It's one thing if you've got several large accounts each running different strategies so that they hedge each other. But as we know from your posts over the last 1.5years, that is not your situation. Since you're looking into forex you may want to incorporate position sizing and money management strategies that force you to trade smaller the more you lose. And if it was me, I wouldn't want to see a drawdown of 40%.
It's one thing looking at backtest results and being happy with a 50% drawdown. It's a complete different story when doing it live and your precious account which you've put all your hopes and dreams in to is now half gone.
You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
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I appreciate your curiosity and eagerness to learn with your pm's to me, but I think what you need to do is just find a way to get good at testing if things work by trying them out in sim or replay. It may not be as comprehensive but you can get a good idea if things work or don't by just creating a simple table or list of p/l on if the trade worked or didn't with a specific criteria or set of criteria and go through trade by trade before you go crazy with back tests. What worked for these other people might not be best for you.
You're taking everyone's advice wholeheartedly and that'll cause you go in a thousand different directions. Maybe learning to program would help someone back-test more efficiently but you have to wonder if that is entirely what would work best for you. Think about it, if you back test a few different indicators working in unison you're going to be ignoring price action signals. It's going to be very hard to test price action because it's more complicated and discretionary. It's something you'll need to just practice yourself via forward testing.
No set of indicators is going to be the magic ticket either. Do you really need to back test an indicator for years to see if it's useful? If you replay and test it out over a couple weeks and it doesn't work it probably isn't going to work for those previous years. Back testing may give you a better idea if certain indicators work better in different time periods like before all this volatility but is it really going to help with much more?
You need to think for yourself and analyze if something is working or not. I could tell you what works for me but that doesn't necessarily mean it'll work for you susan or bob. I hope you're getting my drift. You seem like you need everything painted out for you because you want to follow the rules but with trading the rules can be very ambiguous and subject to one's own perception.
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