What is your Trading Style?

[fxwin]

I trade only "automatic trading" with computerized strategies.

After many years in this field I realized that in order to create a good system, you need to fully backtest it with historical data.

The best way to do it, is to write the system code in EL (I use Tradestation) and to see if it was a winner in previous years. If it didn't succseed in previous years (on history data) there is no chance it will start winning in the future...

My personal conclusion to those of you who are looking for a new system - You must backtest your system!!! from my personal experience I can tell that unfortunately, many systems you find in forums or in books are loosers!!

And actually, once you wrote the system's code and backtested it, and it's a working one, there is no reason to sit all day glued to the monitor... the computer can do it, with no mistakes...

[Crossbow]

Originally Posted by fxwin

Nice post but just one point you've missed. Classifying the stock data into "sets", no two sets are the same and each follow pretty much unique distribution of returns and hence, a system tested to work in set A need not work in set B. Unless a solid concept precedes the creation of a system, the output will more or less be insignificant in generating profits.

[fxwin]

Originally Posted by Crossbow

You are absolutley right. Each market needs it's own optimization and statistics (set of parameters).

Things are getting even more complicated..
In most cases, a specific strategy will work only on a specific market and won't work on another. It means that once you are developing a strategy, you need to find the best market and the best time-frame for it, and only then to look for the most robust parameters.

[jtnet]

how long to program that?

[fxwin]

Originally Posted by jtnet

Wow, very hard to say... for me, from several weeks to many months and even more...
It needs long optimizations (3000-10000 iterations using genetic optimizer) and then long walk forward testings.

You should bear in mind that it is not a "money printing machine" - it needs a very careful money management and intensive maintenence. But I guess it is more accurate than just using traditional indicators with the standard settings...

[amar]

My style of trading is mixed, I mostly trade intraday but will not hesitate to have a position, if I can spot a good trend.

I trade the Indexes, S&P E-mini in the US market and Nifty Futures in the Indian market.
And I love trading the Gold futures, its wonderfully cyclical, but can be extremely violent on certain days. For Gold I mostly trade intraday in direction of the main trend.

My trading strategy is based ion the Intraday pivots and supports and on basis of chart patterns. My typical chart set-ups are 1min, 3min, 60min Candlesticks overlaid with moving averages in combination with RSI and ROC indicators and Bollinger bands.

I use Fibbonacci to identify targets and turning points.

[morro]

Day trading exclusively EURUSD

In the beginning I was jumping from symbol to symbol and it mostly meant that I was either too late in the movement or on the completely wrong side.

Then decided to do EURUSD only and now doing fine : after some time spent with just one symbol it seams as it has a life of its own : its "habits", its "rhythm" and its normal ranges. Help to know "opponents" habits

[Kardel]

I trade forex. fast market are good for scalpers. since i always worried my account. so I just grab what I saw. And sometimes swing.