Best advice: don't spend any money on systems or methods. Spend money on books and do your own research on forums like this one for free. That way its just pure education, no agenda.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following 2 users say Thank You to Big Mike for this post:
Have you looked into XBOTAutotrader? DPauls first BOT trades TF a few times per month and is 70 to 80% profitable. You lease it to run local on NT or on the broker servers (totally hands off). He is nearly ready to release his next BOT nicknamed Junior and is a scalper that goes for 5T 1st and then 20T and may trade several times per day. I have been watching this one as it seems to be very profitable.
The following user says Thank You to bobc635 for this post:
Beware, this doesn't look very serious.
It's very simple: people or companies who have good bots don't sell them.
So if you see somewhere a bot which is supposed to make money, and costs less than $100k/month, forget about it, it's a scam.
Usually in trading, those who know don't talk, and those who talk don't know. (Al Brooks)
success requires no deodorant! (Sun Tzu)
The following 5 users say Thank You to sam028 for this post:
I have consulted for a commercially available and very succesful automated trading stratgey (it is not available on the NT platform and I will not divulge which it is, either openly or in private, so please don't ask). I can assure you that there is a very good reason why a vendor would want to sell/lease a successful system, other than the revenue, of course.
That reason is to receive user input and ideas. The system I was involved with was pretty good when it was first marketed, but it was the users trading it on different instruments that made it so succesful.
If you want to make sure that you are not curve fitting, give it to different users trading very different instruments. As long as licences are strictly controlled and limited, then you end up with a win win situation as a vendor.
The surprising aspect of this is that as far as I know, less than 50% of the users of this succesful system make money using it, whereas the others make serious profits. So even if you give people a very good trading tool, most people still can't make money using it. Food for thought.
The following user says Thank You to David for this post: