Nitro humble...now I have heard everything I am not "scolding" you. All I am saying is that try to stay humble until you are actually trading it live, and then stay even more humble. nitro
You are right in that regard... I haven't seen these results myself but I don't have any real reason to doubt that at least someone somewhere is doing it, including yourself unless you are really playing a big gag on everyone. I do try to stay somewhat humble but I tend to over-react when assumptions are made, especially by people who dont realize the amount of work I've put into this.
of course, but i am not suggesting opening a position/s which consume/s all of your account value, I only trade with 25% of my total account with the broker. People that trade all of their account are extremely exposed and eventually do fail, no doubt. And then they, I assume, are the ones that try to convince the world that it doesn't work. Consider $500 margin per car, that would last you around 10 index points before you get a margin call, now, if I was to hold out until these 10 points are totally consumed, I would call myself an idiot. Loads could be said on this subject and as this has nothing to do with auto trading, I will stop here. Spike500 has mentioned Larry Williams, here is a quick link, please have a look at his view on market behavior at the bottom of the page. http://www.ireallytrade.com/asiseeit.htm
Your math still sucks but i won't go any further in it. It is clear that your intelligence does not meet the minimum as required to understand my arguments.
Just another quick one as an example: I am a true believer that silver is totally undervalued trading @ $9.45, I do support theories that this commodity is 100% manipulated by the shorts. One of my pals, who also supports this argument, decided to spreadbet and dedicated $5000 to his long position. I told him simply to buy $5000 worth of silver and sit on it. His position has been consumed in 1 day. All I could tell him is "told u so". Moral of this story - no matter how 100% backtested our strategy seems to be, the market can prove us otherwise and I am sure it does so many many times.
Do you think you are the only one here putting in effort, and lots of it? If so, then think again. And it doesn't end once you start trading live. I suppose it goes against the grain of several people here that you should assert yourself so mightily before you even start trading the method you are talking about. And that begs the question, why? Why all the hoopla beforehand? At best, won't it be anti-climactic? Who, exactly, are you trying to convince? If Elvis Presley were alive today, he would probably suggest "a little less conversation, a little more action, please."
My goal wasn't to start any fuss, but to gather input to see if anyone else is thinks it is possible. As you probably already know it is often easy to see things when there is really nothing. I am the only pair of eyeballs looking at my system so it's possible I could have missed something. I was just trying to gather input from other experienced automated traders whether 1% a day was within the realm of possibility (not possible as in "anything is possible" but actually possible). I'm just anxious to start paper-trading in realtime.. one of my last issues is filtering stuck quote feeds and that's driving me crazy since the seemingly complicated stuff I am satisfied with.
in a way they are right man, just try it out for real and you will know for yourself whether it works or doesn't. most important is that u believe in it. who can tell you whether it will work if they can't see your strategy.