System

[jamespp83]

hey guys, quick question. i was wondering if there are systems out there where I can set up a couple of indicators (eg MA crossovers) then have it automatically do the trade for me. are there any websites or tools out there that you suggest? I was thinking about opening an account to trade FX with IB as they seem to have low comm rates and good spreads so is it possible to find a system where i can programme my orders and then it gets executed with them???

thanks in advance

 

[amnonco]

hey guys, quick question. i was wondering if there are systems out there where I can set up a couple of indicators (eg MA crossovers) then have it automatically do the trade for me. are there any websites or tools out there that you suggest? I was thinking about opening an account to trade FX with IB as they seem to have low comm rates and good spreads so is it possible to find a system where i can programme my orders and then it gets executed with them???

thanks in advance

of course there are.
not sure about IB, but TS, MT and more...
just search for automated trading.

 

[jamespp83]

I was thinking more like something that could be used through IB rather than useing a trading platform like TS. Also do you guys think it will work out cheaper doing it this way. I know IB offer really good comm rates but buy the time I have paid for a system do you think it would have worked out cheaper to use a platform???

 

[virtuos0]

if only it were this easy

 

[ffsear]

Price action, trendlines, Support and resistance and time to watch/study the markets. Thats all you need! Forget systems like MA crossovers!

 

[The Alchimix]

You can automat your trading with IB with some API software (Ninjatrader for example) or connect on old tradestation 2000i trough Metaserver RT for the feed, and so on.
Go there to find a solution. : http://www.interactivebrokers.com/en/general/poll/ibconsultants.php?ib_entity=llc

 

[The Alchimix]

but i agree with this "Price action, trendlines, Support and resistance and time to watch/study the markets. Thats all you need! Forget systems like MA crossovers! "
K.I.S.S.

 

[jamespp83]

You can automat your trading with IB with some API software (Ninjatrader for example) or connect on old tradestation 2000i trough Metaserver RT for the feed, and so on.
Go there to find a solution. : http://www.interactivebrokers.com/en/general/poll/ibconsultants.php?ib_entity=llc

Thanks Alchimix thats just what I was after.

As for the other guys saying about MA not being simple...I personally dont see why you think MA are complicated!

 

[TAjammy]

just give him a good answer people and stop trying to feed him wisedom forcing price action down his throat.

Not too sure about EAs but you can easily find an EA at forex factory or trader's lab for MT4, open an account with a MT4 broker like FXCM

 

[The Alchimix]

just give him a good answer people and stop trying to feed him wisedom forcing price action down his throat.

Not too sure about EAs but you can easily find an EA at forex factory or trader's lab for MT4, open an account with a MT4 broker like FXCM

your right, if he want's to automat trades on Forex, it's probably the best to use MT4, and FXCM is probably a good solution (if he is not looking for scalping)
If he wants to trade several markets or scalping the Forex IB will be better, i think.

 

[virtuos0]

just give him a good answer people and stop trying to feed him wisedom forcing price action down his throat.

Not too sure about EAs but you can easily find an EA at forex factory or trader's lab for MT4, open an account with a MT4 broker like FXCM

I did give him a good answer, yours however is garbage.

 

[TAjammy]

yours didnt asnwer his question,so it's not an aswer, whereas i did?

"i was wondering if there are systems out there where I can set up a couple of indicators (eg MA crossovers) then have it automatically do the trade for me"
"if only it were that easy"

 

[virtuos0]

yours didnt asnwer his question,so it's not an aswer, whereas i did?

"i was wondering if there are systems out there where I can set up a couple of indicators (eg MA crossovers) then have it automatically do the trade for me"
"if only it were that easy"

It was a crap question, you're not doing him a favour by giving him an answer, you're just ushering him along the same old route that leads to the 95% failure rate.

Newbie traders always ask the wrong questions, and unfortunately no one ever bothers telling them the truth.

 

[TAjammy]

it took a professional to tell me the real truth about to trading to realise that common wisedom spouted by people on forums is what kills the new people. because they think what they are hearing is top notch.

MA crossovers, i doubted them, then someone told me how nothing sucks in trading, that it's ME who can't make money with it.
In other words don't doubt things that you really don't know much about

 

[virtuos0]

it took a professional to tell me the real truth about to trading to realise that common wisedom spouted by people on forums is what kills the new people. because they think what they are hearing is top notch.

MA crossovers, i doubted them, then someone told me how nothing sucks in trading, that it's ME who can't make money with it.
In other words don't doubt things that you really don't know much about

The idea that 'nothing sucks' in trading couldn't be further from the truth. If you spent 10years in a Tibetan monastery dedicating every waking second to studying MA crossovers, you still would make **** all money from them. Ya know why? Because they have nothing to do with where price will go next.

 

[amnonco]

The idea that 'nothing sucks' in trading couldn't be further from the truth. If you spent 10years in a Tibetan monastery dedicating every waking second to studying MA crossovers, you still would make **** all money from them. Ya know why? Because they have nothing to do with where price will go next.

MA x over works for the long run. tested.
took 20 years of EOD data. used 30-50 day (short) and 250-350 (long), it varies but makes decent money.

 

[pedro01]

Is that 20 years of data, multiple instruments or a single instrument ?

I could indeed write an MA xover system that would backtest fantastically over the past 20 years but it would almost certainly fail in the next 12 months.

 

[virtuos0]

MA x over works for the long run. tested.
took 20 years of EOD data. used 30-50 day (short) and 250-350 (long), it varies but makes decent money.

It's hard to know whether to laugh or cry.

http://www.trade2win.com/boards/general-trading-chat/75586-butter-production-bangladesh.html

Did you know that if you had traded the S&P using butter production in Bangladesh as an indicator from 1983 to 1993 you would have been rich beyond your wildest dreams, and you probably would have thought you were a trading genius. Then if you had continued to trade this way after 1993 you would have given every penny back, and more.

Replace "butter production* with "MA crossover" and you hopefully will get the idea.

You can find correlation between two sets of data, but for that to have any kind of ability to predict into the future there has to be CAUSE and EFFECT between the two data sets.

 

[amnonco]

Is that 20 years of data, multiple instruments or a single instrument ?

I could indeed write an MA xover system that would backtest fantastically over the past 20 years but it would almost certainly fail in the next 12 months.

I tested on the 60 most traded (volume/OI) future contracts (back adjusted).
look, there are better systems, but it works. very long MAs work.
the shorter ones are trouble.

 

[amnonco]

It's hard to know whether to laugh or cry.

http://www.trade2win.com/boards/general-trading-chat/75586-butter-production-bangladesh.html

Did you know that if you had traded the S&P using butter production in Bangladesh as an indicator from 1983 to 1993 you would have been rich beyond your wildest dreams, and you probably would have thought you were a trading genius. Then if you had continued to trade this way after 1993 you would have given every penny back, and more.

Replace "butter production* with "MA crossover" and you hopefully will get the idea.

You can find correlation between two sets of data, but for that to have any kind of ability to predict into the future there has to be CAUSE and EFFECT between the two data sets.

the first part of your post isn't an argument, it's your belief. you can believe whatever the heck you wanna, I'm O.K with it.

for the second part - there are 2 points I'd like to address.
1. "predict the future" - no one can, systems work because they are statistically valid, not because of their predictability. furthermore, most optimized (not curve-fitted) systems will perform poorly in comparison to their backtest, but that's understandable, and valid.
2. Cause and Effect. first of all, if you consider price breakout as "the cause" (and not the fundamental crappy hindsight explanation) of a trend, then a MA x over is the immediate effect of a price breakout.

MA x over of very long period works as a trend following system. over 60 markets tested, 1989 to date EOD data used.very simple x over system with no stops and fixed fraction. works. what most people try to do is using the MA x over system with too short of MAs, (13,26,50) which produces a lot of false positives (caused by market noise).