Are you really making money in the Forex market? - page 4
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Of course, this is not an exhaustive list of BB observations and we have not even delved into the most obvious indicator--price bars, themselves. And then naturally, the interaction of price bar elements with BB elements must be analyzed.
The point here is that the human eye might be seeing things that the human brain behind it can fail to adequately quantify in the process of conversion to code. For example, simple "close above" and "close below" logic is much too low of a logic and analysis resolution.
☝
To be clear, this was an exploratory reexamination of Conor Mcnamara's BB strategy conversion--not a post about its profitability nor how to code it:
Bollinger bands is something that people love, but wow, after I put the classic BB strategy into automation, the amount of losses I saw wasn't good enough. Clearly people have a better edge with that indicator in manual trading.
☝
To be clear, this was an exploratory reexamination of Conor Mcnamara's BB strategy conversion--not a post about its profitability nor how to code it:
But it's really not just about bollinger bands. Show me any indicator (or group of indicators) that are automated perfectly and providing profitability. It is not that if any indicator (or combination of tools) is automated perfectly, it will be profitable. It honestly won't be longterm. Risk management is also succumbed to point-rule based risk managment, not contextual risk management. You sometimes need trading times locked down in automation, and with the shortcoming of lesser trades taken.
To @Ryan L Johnsonand @Conor Mcnamara!
Please understand that both manual and algorithmic trading are valid and useful. Both can be profitable.
Neither is better than the other. They are different and complementary. There is no reason to pit one against the other.
Each have their advantages and disadvantages. Both have their own unique "edge". We can learn from both.
Some traders are better at one or the other. Few are good at both.
What is important, is that which ever method you favour, you are able to make it work for you consistently.
To @Ryan L Johnsonand @Conor Mcnamara!
Please understand that both manual and algorithmic trading are valid and useful. Both can be profitable.
Neither is better than the other. They are different and complementary. There is no reason to pit one against the other.
Each have their advantages and disadvantages. Both have their own unique "edge". We can learn from both.
Some traders are better at one or the other. Few are good at both.
What is important, is that which ever method you favour, you are able to make it work for you consistently.
That's fine with me.
@Conor Mcnamara, I'm not allowed to post the proof that you requested here in the Forum.In forex making money is an art that is built by consistency and persevearance,not untill you master the two you will forever be a doner for the market.Change to EA trading,it will help you reduce your emotions in the market.
Doner - a stacked and roasted meat kebab. Your metaphor is making me hungry.😅
Making money in Forex is possible, but it’s rarely consistent unless your EA or method is highly optimized and backed by solid risk management. Many traders experience short bursts of profit followed by steep losses—especially when overleveraged or trading against strong trends.
Making money in Forex is possible, but it’s rarely consistent unless your EA or method is highly optimized and backed by solid risk management. Many traders experience short bursts of profit followed by steep losses—especially when overleveraged or trading against strong trends.
Highly optimized = overfitted.😟
The best EA, or manual strategy for that matter, stands the test of time. I use 20+ years as my standard--a bit problematic for forward testing... unless you happen to be a vampire.
To @Ryan L Johnsonand @Conor Mcnamara!
Please understand that both manual and algorithmic trading are valid and useful. Both can be profitable.
Neither is better than the other. They are different and complementary. There is no reason to pit one against the other.
Each have their advantages and disadvantages. Both have their own unique "edge". We can learn from both.
Some traders are better at one or the other. Few are good at both.
What is important, is that which ever method you favour, you are able to make it work for you consistently.
I agree with these sentiments, and the reason why I'm more interested in automated trading is because it can prove that markets aren't entirely random. I would rather deal with the cons of automated trading than the hardcore stress of manual trading
I'm more interested in automated trading is because it can prove that markets aren't entirely random.
Well said. You've just summarized an age old debate going on in my head--Random Walk Theory versus Probability Theory (e.g., Dow Theory).
Interestingly, I see a Random Walk in traditional time-based charts but a Probability in timeless Custom Charts.
Perhaps the markets are a synthesis of both.