Or ridiculed, or threatened with a ban, or actually banned
In fairness to t2w, I'm not 100% convinced that treating members in this way is official company policy, its just as likely to be a couple of rogue elements abusing a position of trust.
Still, its not supposed to be a democracy. As the level of hypocrisy has reduced, I'm less inclined to even mention these things,
Timsk, just a brief look at one thread on FAQ since it's on discussion.
http://www.trade2win.com/boards/tra...egy-system-i-should-use-where-can-i-find.html
Delete lines like:
"You can start by taking one of the many canned approaches found in books"
"Or, you could buy a methodology from someone else."
"However, be wary about paying out for one because – although the vendor may be able to make a fortune trading their own methodology, the probability of you being able to duplicate their success is very slim indeed."
(I realise this is part of the short answer and therefore dumbed down)
"It’s for this reason that backtesting specific chart patterns tends not to produce success rates much above 45%. To develop a methodology with a success rate of 65% or better, you must find ways to filter out the false signals. One way to do this is to look beyond charts, candlesticks and indicators and try to gauge market sentiment. Bearish sentiment will favour the reversal trader looking to short a double top, while bullish sentiment will favour the breakout trader looking to go long upon a breakout to fresh highs. "
I understand what you're getting at, but perhaps a revision of this as it is a bit wishy washy.
"The odds improve with a fully automated mechanical system, simply because there is little or no discretionary element."
Well...depends on who is trading it doesn't it?
Otherwise it is pretty decent.
I haven't read all the FAQ, but I think one could take a a leaf out of the Liquid Valididty book. There is a thread called "A system", which although it's not actually a sensibly tradable system is interesting nevertheless. So is there a FAQ around system building, testing, looking at drawdown, discussing that things with drawdown of 50% are not sensibly tradable, the process of improving the system, dangers of curve fitting and optimisation etc. how one goes about testing all this, what to look out for etc. (there may well be, just asking).
