I don't remember their setting but they were mention in one of the free video, there is no magic in those numbers, the magic is in how consistency of you using them. I always end up with 21 and 5 for some reason.
how much confidence would you put into any system with only 35% winning rate
in reference to the above,
am just wondering out loud:
how much confidence would those who trade for a living put their money on any trading system that claims about 35% winning and 65% losing percentage wise?....
even though the proprietor(s) would claim profitability for those subscribing to the system?
would you who trade for a living use such 35W and 65L trading system at all?....
not saying what the promotor(s) are claiming has any validity or reliability or not, OK?
come to think of it, tossing indian head experiment in stats 101 for 5 hrs continuously, yielded about 53 to 47 head to tail frequency.... which as randomization goes, seems to provide better odds than the trading system being put on market for novice traders to subscribe to....?
my humble unsolicitated suggestion is.... perhaps, it is much better to stick around big mike forum at the moment.... you won't have to pay anything at all.... and if you wish to join, it is only $50....!
here are some indicators combo, taken today just before noon, on CL, that have been profitable, perhaps could be equally or even more profitable than what have been offered for sale by many promotors practically everywhere....
just wondering out loud, iffy and whenever this set of indicators become practically nonproductive or practically breaking even, or practically whatever....
even then, would think twice before offering it as enticement to those nonsuspecting wannabe profitable traders....
would you do it, sirs/madams, honorable traders; to make a few thousand bucks for bucks sake....?
or perhaps, since the indicators combo were an almost sure fire profitable setups, if and when any would be offered, the promotor/proprietor would GUARANTEE money wise, money back guarantee for any unprofitable months for those learning how to trade profitably--subscribers....
now, that is a revolutionary idea in promoting any INDICATOR product for sale, don't you agree?
THAT is just a personal opinion not intended to antagonize nor infuriate any or all, and there are many many of you who have many legitimate products and activities offered to help traders toward becoming profitable consistently on their own. and may i humbly salute you all.
Last edited by nakachalet; October 3rd, 2011 at 01:30 PM.
Reason: illustration pix not showing
Are all renko bars to be used with even numbers ? (even the default Ninja one ?)
When set to odd numbers, are they displaying wrong information ?
Or does it only concern a few types of custom Renko bars ?
show me trend following system (ruleset) that has more than 40% wining percentage (I mean, seriously). That's about average. Because this simply reflect the fact, that markets are trending about 40% of the time. This way money is made on those big long winners that cover many small loosers. The only thing you can do is to filter out some false positives and calculate high probability entries.
In spitfire renko case mentioned - you cannot trade that way, simply because your stops will get busted with regular renko. Unless you use calculated exits and not hard stops on exchange side. Regular renko gives incredible profitability to almost any strategy, but covers highs and lows that make difference. While such trending systems still can be profitable I think they are becoming more or less obsolete in Today's sketchy markets and requires more sophisticated logic and analysis.