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burak UMITVAR
Added topic IR deposit to demo account?
whats the "IR" deposit added to the demo accounts 1st day of every month. its only a couple of bucks, but whats to purpose it is added to a demo account? anybody knows the reason? any moderator can help ? thanks
7
burak UMITVAR
whats the "IR" deposit added to the demo accounts 1st day of every month. its only a couple of bucks, but whats to purpose it is added to a demo account? anybody knows the reason?
· 2
burak UMITVAR
Added topic IS %100 PROFIT RATIO POSSIBLE IN LONG TERM
I SEE SOME SIGNALS WHERE THEY HAVE %100 PROFIT RATIO , ONLY WINNING TRADES NO LOSSES. CAN SUCH THING MAY BE POSSIBLE IN LONG TERM TRADING , LETS SAY FOR 1 YEAR MINIMUM OR 500 TRADES OR WHATEVER. WHAT DO YOU THINK? OR ANYBODY HAD SUCH WIN OR SAW
2
burak UMITVAR
Added topic is only technical analysis or fundamental analysis is enough for trading?
do you thing 1 analysis is enough for trading ? only technical can be enough to make money? or only following news releases is enough ? or how to combine them together
11
burak UMITVAR
Added topic WHATS YOUR TRADING STRATEGY?
hi anybody wants to dicsuss their trading strategy up there? and your risk apetite also
9
burak UMITVAR
Added topic whats your yearly profit aim? %1/daily is enough?
daily %1 is enough for you or you aim more ..? or less is way enough
· 1
14
burak UMITVAR
The Myth about Autopilot
Let’s assume that a stranger comes up to you while you’re in your garage and tries to sell you a fully automated driving system, “for just a couple hundred dollars, you can get this computer chip which will drive your car for you.” You can just sit and sleep while you are being driven to work. You would probably laugh at such an offer. But would you laugh if someone offered you an automated system for investing in the markets?
Traders who believe in the "autopilot" myth think that making money can be automated. Some try to create automated systems themselves, others try to buy ready-made ones. People who spend years crafting their trades as lawyers, doctors, or business then turn around and try to buy the equivalent of years worth of experience in the form of an automated trading system. These types are generally ruled by greed, laziness and profound misconceptions about mathematics.
In the old days, such systems were written down on scraps of paper; now they are on protected disks. Some are very primitive, others are quite complex with built-in optimizers and rules for money management. Many traders are looking for magic – a way to turn a few lines of code into an endless stream of money. Those who pay for automated trading systems are reminiscent of knights from the middle ages who paid alchemists for the secret of turning simple metals into gold.
Human behavior, with all of its complexity, doesn’t allow itself to be automated. Computer programs haven’t replaced teachers and computer-based accounting systems hasn’t led to mass unemployment among accountants. Most human activities require the ability to make decisions – something computers can help with but can never fully replace humans.
If you had managed to get a hold of an automated system, you could retire to Tahiti and live the rest of your days in luxury, picking up a never-ending stream of checks from your broker. But so far the only people who have made money from automated trading systems are the people who sell them. They have created a small but quite attractive little niche for themselves. If their systems worked, why would they sell them? Instead of hawking their systems, they could have long ago themselves retired to Tahiti. Of course such salesmen have an answer ready. Some say that they like programming more than trading on the market. Others say they are selling their system just to acquire capital for making further investment.
But the market is always changing and what worked yesterday may not work today. A good trader is always correcting his methods when he sees that things are changing. An automated system will be unable to make the necessary adjustment and will inevitably crash and burn.
Take the airlines. Even though they all have autopilot systems in their airplanes, they all nevertheless continue to pay pilots rather large salaries. This is because the pilot, unlike the computer, can deal with an unexpected situation. When a plane flying over the Pacific suffers damage to the fuselage and needs to execute an emergency landing or when a plane flying over Canada unexpectedly runs out of fuel, only a human can deal with such a situation. Trusting your money to an autopilot system is a good way to have your account destroyed by the first unexpected event.
There are good systems out there but they have to be managed and their trades have to be watched. You can’t simply turn it on and let it go.
Let’s assume that a stranger comes up to you while you’re in your garage and tries to sell you a fully automated driving system, “for just a couple hundred dollars, you can get this computer chip which will drive your car for you.” You can just sit and sleep while you are being driven to work. You would probably laugh at such an offer. But would you laugh if someone offered you an automated system for investing in the markets?
Traders who believe in the "autopilot" myth think that making money can be automated. Some try to create automated systems themselves, others try to buy ready-made ones. People who spend years crafting their trades as lawyers, doctors, or business then turn around and try to buy the equivalent of years worth of experience in the form of an automated trading system. These types are generally ruled by greed, laziness and profound misconceptions about mathematics.
In the old days, such systems were written down on scraps of paper; now they are on protected disks. Some are very primitive, others are quite complex with built-in optimizers and rules for money management. Many traders are looking for magic – a way to turn a few lines of code into an endless stream of money. Those who pay for automated trading systems are reminiscent of knights from the middle ages who paid alchemists for the secret of turning simple metals into gold.
Human behavior, with all of its complexity, doesn’t allow itself to be automated. Computer programs haven’t replaced teachers and computer-based accounting systems hasn’t led to mass unemployment among accountants. Most human activities require the ability to make decisions – something computers can help with but can never fully replace humans.
If you had managed to get a hold of an automated system, you could retire to Tahiti and live the rest of your days in luxury, picking up a never-ending stream of checks from your broker. But so far the only people who have made money from automated trading systems are the people who sell them. They have created a small but quite attractive little niche for themselves. If their systems worked, why would they sell them? Instead of hawking their systems, they could have long ago themselves retired to Tahiti. Of course such salesmen have an answer ready. Some say that they like programming more than trading on the market. Others say they are selling their system just to acquire capital for making further investment.
But the market is always changing and what worked yesterday may not work today. A good trader is always correcting his methods when he sees that things are changing. An automated system will be unable to make the necessary adjustment and will inevitably crash and burn.
Take the airlines. Even though they all have autopilot systems in their airplanes, they all nevertheless continue to pay pilots rather large salaries. This is because the pilot, unlike the computer, can deal with an unexpected situation. When a plane flying over the Pacific suffers damage to the fuselage and needs to execute an emergency landing or when a plane flying over Canada unexpectedly runs out of fuel, only a human can deal with such a situation. Trusting your money to an autopilot system is a good way to have your account destroyed by the first unexpected event.
There are good systems out there but they have to be managed and their trades have to be watched. You can’t simply turn it on and let it go.
· 2
burak UMITVAR
Added topic what should be the value of center of gravity indicator?
hi what should be the back bars variable value you think.? it comes up with 125 as default setting. and should it be values according to the timeframes? any ideas
burak UMITVAR
Added topic does traders have a union against fraudelant brokers ? or can it be arranged?
does traders have a union against fraudelant brokers ? or can it be arranged? does anybody know anything about this?, because i heard and also i saw myself some brokers making unreal prices to work peoples stop losses . on the terminal of the broker
2