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I have posted the Renko EasyLanguage code here: http://elitetrader.com/vb/showthread.php?s=&postid=2197244#post2197244
Stoshki If you buy at the conclusion of your first blue bar and reverse to short at the conclusion of your first yellow bar it is a losing system. Therefore you must be doing something else which I would love to test.
Wait, you're that trader28 guy or whatever his name was? The SPM that was based on MACD? lol, I read part of that thread. I knew it was BS when people were saying they used MACD profitably.
MACD. SMA +2 enter long when MACD crosses zero line or crosses bullish above zero line. Reverse for shorts. amirite? One of those systems that doesn't backtest profitably but someone is profitable when you use it right?
oh maybe i didn't get far enough in the thread to see the change of MA type (it was super long!) So how do you actually trade then? or do you?
You can either use evidence based techical analysis or not. No one cares. However pounding the table saying something works and then backtesting proves it doesn't, then assault the concept of back testing as the issue??? !!!
And if you proceed to trade without having any idea whether or not you even have a verifiable edge, please do continue. I am sure your own blotter will reflect your own inate skill level.
Do you really believe that (1) you don't need to define a verifable edge for yourself (2) that in real time under pressure you can somehow figure out how to trade without any plan? Real trading has NO pressure that results FROM the trade. The pressure if any is in just making sure you follow your edge exactly. Good luck to you.