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Millionaire in 10 weeks & Conversation with broker
Hey, I primarily use Ninjatrader to backtest so I am familiar with C#, would you want to PM the code for me to play around with? Would love to try this out and try some backtests.
Can you help answer these questions from other members on NexusFi?
In reply to your PM (As I have less than 5 posts and am not allowed to PM)
Well I am not familiar with the MultiCharts proprietary language so I would have to have a look at their manual for what arguments Plot1() and AverageFC() accept, and what else is a requirement for a MultiChart indicator. I'm sure it is not massively different to Ninjatrader
As I said on my post, I am looking to test this on Ninjatrader. Are you looking for someone to learn MultiCharts and code something for you?
b) Your indicator is nothing special and neither is your money management system. There are many better structural indicators and I was using a fully automated version of a much finer resolution scaling many years ago. I just completely failed the psychology test when I hit the first major drawdown well into the process and got cocky, complacent, casual and started changing things. This was despite achieving a 67% win rate with a negative 0.8 R:R to get the 2000% in 3 months over a fully documented 170+ real money trades.
There are several examples on FIO of similar indicators and similar money management systems in use.
c) The stats were Tim's. I wish you well with yours.
d) Unless you automate it fully your success will depend entirely on your psychology.
e) If you do automate fully then it depends on whether you have any sort of system at all, which you don't, only a very basic indicator.
I am clearly going to be put in the load of knockers camp now, so I will leave you in peace and simply wish you good luck.
I have always believed it is better to shoot for the stars and hit the ceiling
Than to shoot for the ceiling and never get off the floor.
Aim high and dream huge.
(also see my signature)
So...I hope this helps without seeming negative.
Not mixing trading system with money management is part of the problem.
Money Management is nothing if you don't have MONEY.
In order to manage your trading money, you must be making money.
(seems obvious)
If you have a trading system and no money management, you will soon have no money...
If you have money management and no trading system, you will soon have no money...
Results are the same...
If your trading is not making money, you are loosing money no matter how well you manage it..
So the first step is to create an 'edge' that will make money to manage.
Does that make sense?
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
No you didn't. That's what I posted earlier. You cannot say this to a new guy you haven't seen who created an indicator you have never seen.
Anyway, I'm done replying to this type of msg... if you think you've seen what I just invented then you are free to not come back here and seen again that it will fail
