Algorithm? As in, your price action based strategy is automated?

Can statistical methods be used to create a trading strategy?

You have my gratitude; yours was one of the most insightful/constructive posts I have read on this forum so far. It's nice to have found someone who seems to share relatively similar beliefs to myself. Compared to your 25 years of experience, my ...

Can statistical methods be used to create a trading strategy?

Firstly, would you mind explaining to me exactly what price action refers to? When I first began reading up on the different approaches to trading, I took to thinking that price action referred the use of certain types of candlestick (doji, ...

Can statistical methods be used to create a trading strategy?

Just to clarify, this was the textbook you were referring to, right? url

Can statistical methods be used to create a trading strategy?

Thank you very much for your response, that sounds like some very interesting stuff. I know relatively little about statistics - as stated, I've only covered relatively basic concepts that are very much based around normally distributed data. I also ...

Can statistical methods be used to create a trading strategy?

By 'real' hedging, do you mean use of things like options contracts?

Why is hedging not discussed as much?

Thank you for your response. From what you've said, I be inclined to start believing that doji would be better used as confirmation of other forms of analysis. I mean, it would make better sense to use area's of supply and demand to spot ...

How to correctly use Doji candlesticks to spot a reversal?

If that's your honest belief, then why do you have a FF account? Just to warn people that they're going to lose their money? As for the '99.6%' statistic that you seem to include in the vast majority of your posts, perhaps you should consider the ...

Is trading really that hard?

I hear that Jason Belfort is expecting to make $100,000,000 this year from charging people to listen to his drivel...

Is anyone here an institutional trader?

The guy in the video here: video is saying that 90% of what institutional traders do is market making; sitting and watching orders being executed. Has this been the case, in your experience?

Is anyone here an institutional trader?

Why not demo? I would the result not be the same?

How useful are EA backtest results?

Thanks for the response. How long would you recommend running an EA live for (on a demo account, I assume) before deciding that the results are meaningful enough to put real money on it?

How useful are EA backtest results?

Were I want to be in 10 years is likely to be very different to where I am likely to be in 10 years... But still, where do I want to be in 10 years? Well, a a high paying job in a technical/financial field; a solid understanding of the markets and a ...

Is anyone here an institutional trader?

As far as I'm aware, and I'm certainly no expert, quants manage risk, develops structured products and develop models for banks and traders to used. I've also read a bit about their part in developing HFT systems. Is this correct? I find trading ...

Is anyone here an institutional trader?

Thanks for the response. What about a career as a quantitative analyst? Is that something that it's possible to break into with nothing more than a masters degree? I mean, I'm about to start a 4 year Mathematics degree, which I then hope to follow ...

Is anyone here an institutional trader?

I had a couple more questions about EA's and thought it would be better to add them to this thread than to create a new thread... 1. When you create a new EA, the 'MQL Wizard' appears and gives you the following options: What do these options do? 2. ...

A few basic questions about expert advisors

How do you open .ex4 files? I have no problems with .mq4 files, but cannot open .ex4 files in the MetaEditor.

Can anyone help me with an EA for this strategy?