MT4 MOTHERLODE FEBRUARY 2011

[PebbleTrader]

nickgurtsu:

If the markets can't be beat how would you explain traders (not institutions/insiders) who consistently make XX-XXX% returns every year? Year after year?

Must be something non-random going on, inside all that randomness!

If you don't think it can be done, then you have just created a self fulfilling prophecy for yourself.

[nickgurtsu]

well if you flip a coin 10,000 times you going to get a streaks of heads and tails
now can you call those occurrences a"trend"
same thing if the price goes to days low and then reverses

it's a statistical accident

no system or methodology based on technical analysis can work
and trust me I wrote thousands of lines of code and backtested just about anything that looked promising
from neural networks to digital filters and exocitcs like Hodick Prescott and such ....nothing works

the chance of making living exploiting price patterns is 0

[PebbleTrader]

If we are talking coin flipping, then the probabilities are always heads or tails, 50-50, and have equal chance of occuring (randomness).

Sure there will be streaks, but the more times you flip, the more closer you get to 50-50.

It's irrelevant when it comes to markets because the chances are NOT equally likely (non-random) and probabilities don't exist in the markets.

My personal opinion is that both randomness and non-randomness exist in the markets.

I'd agree with you that most "systems", "back testing", "neural networks", don't work, DON'T FOCUS ON THOSE!!!

Focus only on things that do work.

[endy]

Tro how do i use the TRO_above_below?

[TheRumpledOne]

You load TRO_above_below on your chart.

TRO_above_below tells you how many times price has been above and below the current price in the last X bars.

[robertdavis]

Your working style is very good. Thanks...



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