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I'll join the previous opinion.
You can put me up against the wall and shoot me, but my opinion is that Bill Williams is a fantasist and nothing more.
YEAH! Bill's an inspiration!
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Yeah, it works great.
I'll join the previous opinion.
You can put me up against the wall and shoot me, but my opinion is that Bill Williams is a fantasist and nothing more.
Yeah, I can see Bill's not popular.
As they say: Not a popular trader's manual.
...is also good.
>> In general it all depends on trader and what beliefs he uses in trading. This is important, though. Markets destroy all linear systems, sooner or later.
Bill's strategy doesn't work. Since everyone knows about it. Or soon it will stop. Because you (making 180% a month - no joke!) will buy Deutsche Bank in a year and squeeze the maximum out of it - and not leave us. That's how all the "profitable strategies" come to naught.
I see why he writes vaguely! Think about it: suppose he has a ready-made Expert Advisor code for MT. Or a clear algorithm, and it (oh my God!) works!!! The next step - all begin to play this profitable strategy (including traders from Deutsche, UBS and J.P. Morgan + hedge funds), and the strategy most innocently STOP WORKING. Why? Because it works on the news! The strategy says - buy, everybody buys - and at a certain moment you, poor trader with 1000 USD in your pocket, just can't enter the market - the price gallops up (the demand is growing - everybody buys!). So we are all out of the market.
And when there are general words - there is no catching a liar! General kitchen advice - you can't get caught up in it. That's the beauty of heuristics for such book writers - you can't program it and you can't run it through histories! And a couple dozen transactions by hand - zero statistics. I can win 10 times in a row at the casino, with a good faith. Martnigail.
Take off the rose-coloured glasses. Developers really profitable strategies sit and shovel money, not write books - why? Out of the goodness of their hearts? For the glory? A STRATEGY that has become common (note - CPR, not great-grandmother's recipes), STOP WORKING. It is a market law, based on the simple fact that there are no fools - everyone wants to make money. Better to make an extra billion for his strategy and donate to an orphanage - anyway more fame than to have a reputation as a dubious forex strategist.
I disagree about non-linear strategies. Tell me what you consider linear and what you consider non-linear? Without a clear understanding of the terms it's just words - no more.
I am also writing an EA, on the B.V. trading system. Oasis, please knock on ICQ:320008342. I want to talk to a man who has really studied this system.
I haven't seen a little addition in the BV codes given here and on other sites: for example, for AO and AC we open not by a signal (crossed zero, enough one-coloured bars accumulated, etc.), but only after waiting - if it is up, will the price go higher than High or not. Or am I doing the usual thing again? Then I'm sorry for meddling.
Bill's strategy is not working. Since everyone knows about it. Or soon it won't. Because you (making 180% a month - no joke!) will buy Deutsche Bank in a year and squeeze the maximum out of it - and not leave us with it. That's how all the "profitable strategies" come to naught.
Take off the rose-coloured glasses. The developers of truly profitable strategies sit and rake in the money, not write books - why? Out of the goodness of their hearts? For the glory? A STRATEGY that has become common (note - CPR, not great-grandmother's recipes) STOP WORKING. This is the LAW of the market, based on the simple fact that there are no fools - everyone wants to make money. He would rather make an extra billion on his strategy and donate it to an orphanage - more fame anyway, than to have the fame of a dubious forex strategist.
After all, the stock market is so easy to play! Your mistake is that you are a long-term trader. You don't have enough statistics to say that the strategy is profitable over a long period - the small number of trades may be nothing more than a fitting.
Or you are using EURISTICS or something of your own.