Success Stories in Algorithmic Trading - we need more of them! - page 2
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Ioannis, thanks for the honest story. I'm in the same boat: after 22 years, I enjoy the process more than the result.
For me, algo-trading isn't about money - it's about a Dream!
It's interesting you mentioned the industry. Here's a hard truth: what if much of what Industry teaches us is designed to make us lose money?
That's a given fact:
what if much of what Industry teaches us is designed to make us lose money?
I don't blame the Industry or the teacher or the book. I have stoped looking for someone to blame.
The way I see it, separating the industry that teaches from the traders who are taught creates a division between the industry and ourselves.
I, see it differently. I'm not separate from it. I'm part of it. This is a hardest truth because you have to take full responsibility.
Two paths emerge: one of division, where the "affected" unite to oppose the "system," and a path that carries full responsibility.
But they are not two roads but two ways of seeing. One sees the fragment and takes it for the whole. The other sees that the one who sees is part of what is seen.
The second cannot be adopted. It can only be seen, and then it is simply what is.
I have stoped looking for someone to blame.
Ioannis, thank you for such a deep reply. You’re right: taking responsibility is the hard part and the only part we control.
My question wasn’t about blame. It was about seeing how things work - and then choosing with open eyes.
Thanks, Ryan, interesting video. The guy is a well-known personality. He talks about general approach “trading is easy money”, brokers, conflicts of interest and this sort.
My idea goes a step further: what if the entire Technical Analysis is built on false assumptions?
What if all those patterns and price-action setups are leading traders down the wrong path?
I ask because I had almost all TA coded. Once automated, nothing seemed to work (including Zero Lag MACD). Again and again the first backtest over a long history showed the “naked truth”: a balance curve going down.
[W]hat if the entire Technical Analysis is built on false assumptions?
TBH, I've evolved to the point that I won't poopoo any kind of strategic analysis that proves to be statistically and consistently profitable. That includes technical analysis, which happens to be my preferred style of coding/algorithmic trading.
To the extent that we can't simply slap a line on a traditional timeframe chart and make 10,000 USD per month, yes, of course I agree with that statement. Again, I mainly rely upon custom chart structures.
It took me years of dedication, sacrifice, and persistence to crack the forex market. Through continuous learning, experience, and refining my strategy, I have developed a deeper understanding of market behavior and mastered my approach to trading. My journey taught me that success requires patience, discipline, and consistent effort.
TBH, I've evolved to the point that I won't poopoo any kind of strategic analysis that proves to be statistically and consistently profitable. That includes technical analysis, which happens to be my preferred style of coding/algorithmic trading.
To the extent that we can't simply slap a line on a traditional timeframe chart and make 10,000 USD per month, yes, of course I agree with that statement. Again, I mainly rely upon custom chart structures.
When you have a trading idea, momentum can work well for retail as a finisher to conclude that the market is diverging in the way your analysis forecasted. We can use improved versions of existing tools to wash out noisy signals.
Also, it can save you to avoid trading when volume is below the average volume level. I think a Volume Average should be an indicator that comes with MT5 by default (I posted one free in the Codebase anyway).