In my view in a good and secure long term profitable system the significance of the entry sign become lesser and lesser.Originally Posted by ;
But I'm not a croc that traded 5 times annually. I trade a lot of currencies with my ea. We all distinct, so yes.
However MM have so much more opportunities as a simple sign, so that is how I go.
I have to acknowledge I have always swayed between the discretionary and automated approaches to trading. The issue with discretionary approaches is that there's no statistically valid method to determine whether or not the approach has a quantifiable advantage, and furthermore there's no certain method to transfer those skills to others in a manner that guarantees the outcomes can be exactly replied. The track record you need to demone a approach's effectiveness is the PL which rarely or not is released for public viewing. Retail traders are dependent on remarks and heresay as the sole guide which is inevitably full of biases.
One reason I've faith in the fully automated approach is that we have a verified track record from the fund management industry who use'black box systems' of between 20 to 30 years (and in particular the Commodity Trading Advisors) that is hard to dismiss.
The only other verified track records I am familiar with and may rely on are people of finance managers such as the'Deep Value Investment supervisors' whose investment decisions are based on a specialised understanding of fundamental strength underpinnings and people fund managers representing the traditional'Buy and Hold Camp' who might be technically or fundamentally orientated.
What all these records show is that'an advantage' can simply be truly quantified over a really large sample collection and that portfolio diversifiion is an essential element to any investent/trading egy to manage risk and allow for opportunities to be obtained when market conditions pose themselves instead of trying to forecast when these circumstances occur.
Regrettably as retail traders, we just don't have the resources to buy in to this space in which a legitimate quantifiable advantage exists as our commerce capital is extremely limited, we don't possess the time/expertise/systems and ability to diversify into the necessary extent required to capitalise on any'real advantage' that can be obtained in the market. Because of this we inevitably make complied egies that try to squeeze that last dollar out of any term price minute that may or might not be a random jitter. In addition, we often overtrade as our livelihoods depend on cashflow. In short we have a tendency to exchange the'illusion' instead of the'fact' that is evident through the Law of numbers. Generally a retail traders lifespan is simply not long enough to determine whether or not they have a quantifiable edge for the long term.
As retail traders we don't have the patience required to sit out extended periods where conditions are not favourable and drawdowns eat into funds. Drawdowns are a characteristic of any investment/trading technique and therefore are a necessary evil in order capitalise on functionality but given the retail traders aspirations and circumstances, only a few possess the cohonas and persistence to tolerate them. Because of this, the machine is thrown off and we try a new approach to reap these illusive'millions'.
The thing about games with a high part of chance is there are always a few winners....but whether or not those winners are only a random chance or those few who have found a statitical border can only be determined within an extended sample collection. That means that since you expand the sample collection, less and less traders live to tell the tale. That which we translate as'market terms shifting' may just be a characteristic of randomness as opposed to a statistically legitimate rationale.
I believe we as retail traders just need a great dose of reality by digging into the data. It is then that we can step back, take a breath and look to capitalise on these figures with realistic expectations. Regrettably however then it turns into an investment game instead of a trading match....but that which we really just want is an adrenaline rush or to live the illusive dream.... right. C'mon admit it. What we should be doing is investing in shoe firms as the longer we click our heels together and repeat our mantras, the nearer we get to having new shoes
I suggest reading the interviews of Ed Seykota, Larry Hite, Billl Eckhardt and Tom Basso in the Market Wizards series. You may not just be convinced of this approach, you might even come to think its the best way to exchange.
Have you tried changing your broker? I have also faced difficulties for two decades and altered brokers because of this before I discovered my current broker which helped me a lot to make money in Forex.
One of the greatest monitoring.
Tnx buddy
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