With all do respect...this is so not true. Although most traders do believe this.

"I can't do it , so it must not be true"

Don't get me wrong, the process does come with its own issues...but the profits way out weigh the drawdowns.

@goodoboy

Yes I use NT8 and others.

I have found many edges in several markets using many different approaches. (Swing, Intraday, Trend, Mean Reversion, etc.)

I'm addicted to finding them...Its this obsession and not the money that caused me to make the turn in trading.

And no I won't share them. (I realize you did not ask, but for others that may read this)

If you can't find them yourself, you will always be trying to copy from others.

At least, coding and automate a strategy will give you a sort of confidence.

Perhaps, looking for part of the solution to help us to create our own solution, could be the approach that we should have.

With all do respect...this is so not true. Although most traders do believe this.

"I can't do it , so it must not be true"

Don't get me wrong, the process does come with its own issues...but the profits way out weigh the drawdowns.

Morning WoodyFox,

Do you see how you stated "With all do respect...this is so not true."? Do you know how you can make this claim more believable? Post equity curve of your finding to prove Fonz wrong so you help Fonz realize, yes edges in algo day trading do exist if look and try hard enough. By you doing this you help me and you help other traders reading this thread and provide that confidence to beginner traders or traders in the struggle curve of their journey. This is the reason I do not post on forums, because in my professional opinion, I can not prove anything at this point, so it makes no sense to provide statements or advice to someone unless I have the evidence to prove and debate someone.

So please help other futures traders reading this post and prove your case by showing an equity curve of some edges you find? Your knowledge can make someone day happy.

We all need to start backing up what we say to make a better trading experience for everyone.

I will go first.

Here some curve and stats of an intraday automated system I am working on now. It looks profitable to me and have the edge. I need to run in SIM mode now to make sure backtest not lie to me.

prrof 2


proof 1

Hello all,

I made a mistakes with my algo back testing. Please ignore the curve and stats above, they are misleading and false. I will explain the error and show the true stats shortly.

Again, those stats are false and I can not edit the post any more and certainly do not want to mislead anyone with false equity curve and back test results.

Don't fetch too far!

Hi @goodoboy
I can feel your travel as this is a search for everyone to find an "edge".
That can not be bought by a book or paying for lengthy and expensive courses.

Just find your own path here on fio!
This is to be found in the JOURNAL section.

You can find a perfect base of journals but some of them are live and this for free! You can watch the trader showing his preparation, announces his trade with entry and exit (level or time based) and you can see the trade start, the development and finally the exit of that trade. Finally the result are to be found in the journal with the process of every positive and of course as well the negative results.
You just need to follow the live trading in the journals. Some with actual charts as well. No need for a better proof - as you can it see live.
I know of at least 3 journals that offer such nearly every day.

My approach: No course - no books - just self learning. Building pattern based systems - some easy to program - some not programmable. The main thing is: Forget about back testing. The markets are changing every quarter, every year. You can not find an edge by such tests. Just my opinion.

To the end: Don't give up!

GFIs1

@goodoboy

Yes always include your commissions. I will post some example strategy stats soon...I just been really busy. I'm also thinking of a good way to post a strategy I use without giving to much away. An equity curve by itself is not much proof a strategy works. Just look at your example.

Also, I see you thanked Kevindog and he has not posted in this thread. Although he has a proven track record and I agree with a lot of what he does. You don't need a $3,000 class to teach you how to build a strategy. Vendor's like to lurk in the background and PM traders to earn trust and then sell you things. Been there, done that Sorry Kevindog, nothing against you, just looking out for goodoboy.

Of course that its your business and education goodoboy, so do as do.

I did notice he thanked a post and then pulled it. Classic cover your tracks.

I will post more soon.

Thanks for the review woodyfox and I appreciate it fully...
You do the same here woody, just post your back test equity curve and live real money broker statement of the algo so you prove intraday systems do exist.