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jlz

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Posts posted by jlz

  1. 16 minutes ago, DSchenk said:

    Would it not make more sense and be much quicker if you backtest this, instead of forward testing?

    Who wants to wait til June 2021 to see the outcome ha :D 

    And with backtesting you could easily go back to the 1950s, not just do 1 year

    I like what @jlz is doing there - what platform/tool you using for backtesting?

    It is a c# script, the Visual Studio project is at 

    https://github.com/oneangrytrader/backtesting/tree/master/BackTester

    The "New Moon" strategy tester is at 

    https://github.com/oneangrytrader/backtesting/blob/master/BackTester/Strategy/NewMoonStrategy.cs

     

    • Like 1
  2. The forum has an option to ignore users but unfortunately it doesn't remove them from the grid. It just blanks their content creating a weird state where you still see the user but you can't see what they are posting.

     I created a small script that you can add to your browser with the TamperMonkey extension. This extension is very famous among IT fellows in order to remove users from their feeds. It is widely used on Facebook. Attention seekers are completely ignored after installing it.

    Chrome extension:

    https://chrome.google.com/webstore/detail/tampermonkey/dhdgffkkebhmkfjojejmpbldmpobfkfo?hl=en

    Opera extension:

    https://addons.opera.com/en-gb/extensions/details/tampermonkey-beta/

    After the installation within the settings page you can install the script that will do the job. 

    The script is at https://github.com/oneangrytrader/TamperMonkeyScripts/blob/master/IgRemoveToxicUser.js

    Save the content of that script to a local file and add it to the extension. Within the script there is a variable called users that you can edit to add the user you would like to remove.

    The result is below with a couple of pictures:

     

    All Users

    AllUsers.PNG

     

    Filtered users

    Without toxic users.PNG

    • Like 4
  3. In my opinion you can take fundamentals to make a starting point, but that is really it, there is no more than that. After that starting point everything is down to risk management. In some of your examples you mentioned sentences like :

    - Company is not profitable

    - "About to go down"

    Those would be clear places on where to start. You can justify yourself with some indicators as well just for the sake of excusing an entry point, but I would never enter full size on any trade, because that would mean that you are 100% correct on your analysis, and that is never the case. You simply don't have enough information to be correct at that percentage.

    I always create chunks of the size that I am planning to risk and I keep sending portions of that size every time I am wrong. The result is a segregated entry into multiple levels in the way that if I was right the first time I let it run and if I wasn't I have more funds to try again. In one of your example you mentioned that you could use 12 points in a trade. I would divide the usual market range, simple highs and lows per day, by that number (12) and consider 1 as the current market level. I could try again 11 more times at multiple levels in case I am wrong in the first place.

    I separate those portions into distances that divide the usual volatility of the market into the numbers of chunks that I am able to send. This could be very familiar to Fibonacci grid traders, and at all times I never trade anything that would make the account pass 30% of its equity. 

    For me, creating some kind of a multi entry position is what made it to work, up to a point that I was able to remove indicators and ignore fundamentals. Since I am not able to prove myself right anytime in my analysis I am just not using anything else than pure risk management. 

     

    • Like 1
    • Sad 1
  4. 1 minute ago, dmedin said:

     

    Why would they risk money trading if they can get paid 'training' other people instead?  That's a certain (and lucrative) income and the supply of gullible punters is endless.

    Anton Tw4t himself abandoned trading as soon as he made some money and now gets his income from selling sh!t to desperate punters.

    It's the time-honoured way.  Livermore and Gann did the same thing themselves :)

     

    That is what I thought until I saw that the best students join the company and trade with their funds, that made me think something else. Still can't support them because I have no idea of what they do.

    It is easy to think that if they had a method that is working , why would they teach it to people instead of using it themselves? Yeah, your point is valid.

    • Sad 1
  5. These guys claim to have a method that is strongly based on fundamentals.

    https://www.youtube.com/watch?v=t_jCCnr85pc

    If you watch their videos their don't trade any time-frame smaller than the daily ticker. They go through company reports, forex driving macros, macro economics news and so on.

    Many people call them a fraud but they seem to be running the business for a long time. Who knows, maybe they are an example of how to do it. They are all pros with a long trading career, maybe what it takes to make fundamentals to work is to get hit and fail during years to understand them. 

    • Sad 1
  6. https://www.investopedia.com/modern-monetary-theory-mmt-4588060

    Maybe fundamentals worked before 2009 but since some countries are allowed to print money and bypass inflation there is cash flow that is no longer tracked. If that country decides to help a certain company for a very random reason your reports will not make any sense. Pretty much like the US Federal Reserve is doing with the Credit market right now. You would expect that in a global pandemic everything should fall apart but, on the contrary, you are seeing an unprecedented cash flow raising all indices.

    Now try to use any fundamental reports to explain current market behaviours if you can. 

    • Great! 1
  7. 30 minutes ago, majicktrader said:

    Hi Steven, I just found this because I was looking up about daylight saving. 

    The English have British Summer Time BST which is UTC+1, so the market adjusts. It also reverts back to UTC+0 when it goes back in time. 

    Daylight saving also occurs in NY, so they too move forward in Summer by 1 hour and back in Winter. 

    Personally it does my head in, especially when my timezone doesn't change. 

    Every programming language has a core method to convert datetimes to local times.

    Python: https://stackoverflow.com/questions/4770297/convert-utc-datetime-string-to-local-datetime

    c#: https://docs.microsoft.com/en-us/dotnet/api/system.timezoneinfo.converttimefromutc?view=netcore-3.1

    You don't have to deal with time zones yourself. 

    • Sad 1
  8. The never ending battle about a pseudo attempt to build an independent way of transacting goods.

    Let's not forget that every single bitcoin user gives that useless token its value in the so hated fiat currency that their country impose on them. They get so happy when bitcoin raises in, let's pay attention here, dollars or pounds.

    Still they will defend bitcoin like they were living in some kind of cyberpunk era where flying cars and micro-transactions would get them closer to feeling like a blade runner. 

    It is a scam for the very simple fact that a SHA-256 hash doesn't equal to 11K$, it doesn't even equal to 1$. So normally regulators should keep that, pay attention here, very risky financial product to professionals that can handle risk, so not every single idiot that read cyberpunk and feel that they are part of a new movement loose their saving straight away. So yeah, let's close it, at least for retail traders. 

    • Great! 1
    • Sad 1
  9. 6 minutes ago, Caseynotes said:

    actually more people would contribute if they felt they could express an opinion without some ignorant little troll jumping up and down insulting and flaming them at every opportunity.

    The perpetual negativity in the face of any evidence to the contrary gets extremely tiresome and leads people to better trading forums where the moderators actually take an interest and stamp out blatant flaming.

    THIS! This is the point

    • Like 2
  10. 8 minutes ago, dmedin said:

     

    I'm shy and don't speak like this in real life BTW.

    Your personality is very well defined in many articles. There is one big reason behind Facebook's usual way of creating a user in an online forum. People speak very differently when they can't hide behind a username. If you had to use your real name you wouldn't insult like that. You have shown yourself in many posts over the years, don't worry, we know who you are.

    • Like 2
    • Great! 1
    • Sad 1
  11. 23 minutes ago, DSchenk said:

    The internet in Asia is weird.

    Depending on where I am (at home, cafe, co-working space, etc) and connected to the wifi I sometimes can access ig.com and this forum and the app on my phone and sometimes need to connect to a VPN first.

    However, I haven't encountered a way yet to connect to the API without a VPN connection, even if on the same wifi I can access the website and even the API companion (https://labs.ig.com/sample-apps/api-companion/index.html) just fine.

    Anyone knows what's the deal here?
    (Yesterday I missed the open, cause my VPN didn't work hence looking for a solution now)

    I can talk about China, I am not sure about the rest of Asia. A VPN is very random as you say depending on where you are. It is mainly because of the DNS providers that are pretty slow resolving connections. I normally setup a VPS and connect to it remotely via RDP, that way I connect via IP addresses and don't need to resolve any hostname. You can setup a VPS on Amazon for about 20 quid a month and will bypass any issues you have there. 

    • Like 2
    • Sad 1
  12. On 07/10/2020 at 20:08, sysswing said:

    Hello,

    I am working as a quant in the financial markets, I have a background in computer science, big data, machine learning, artificial intelligence.

    I have a personal systematic swing trading project. I'm automating and backtesting a strategy based on a cup and handle pattern, i.e. buy on resistance breakout, on a daily basis for now.

     

    A quant that knows about the 3 hardest topics within computer science tries to use a cup and handle pattern. Really?

    This is how a quant would ask a question:

    https://quant.stackexchange.com/questions/58604/has-a-closed-form-formula-for-the-collateral-choice-option-been-found

     

    • Thought provoking 1
    • Sad 1
  13. 54 minutes ago, dmedin said:

     

    Thanks for confirming that you are Swedish, this explains why you are the way you are.  You have my commiserations.

    I am going to call you Detective from now on. It is much better than troll. Maybe you found your field, who knows. Such a sharp mind needs a challenge to stay motivated. 

    Poor Swedish by the way, they are nice people. 

    • Sad 1
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