How many SCT trader have busted out?

Discussion in 'Strategy Development' started by trader225, Aug 10, 2007.

  1. If you look at the thread, you'll see many posters no longer there.

    If you look at the stats, you'll see a diminishing interest in Spydertrader's daily chart posting.

    If you've tracked thread views, you may notice less interest as time goes on.

    So, my question is: How many have looked at it and become discouraged?

    If you consider page views vs. number of traders in the world, does that give you an indication of how well SCT is doing?

    Is SCT dying? Was it stillborn?
  2. Wouldn't you like to know... This type of Q is like swatting at a fly. We both know the fly is insignificant, a nuissance. But, just for entertainment, this is like a summer spectacular (ie. record summer returns). Do you know why though? This is where it PAYS to be a partner and not predict. You just keep in synch... :cool:
  3. That's a good idea -- programming to do SCT.
    The computer can easily find prospective channels, but I wonder how you get it to choose the one out of all the prospective channels that is the current channel?
  4. OK! So it's back testable?

    Do SCT traders wait for a bar/candle to complete before making a decision? I am wondering whether tick data is necessary to test or whether bars are enough.
  5. You are doomed, if you don't pay it forward.
    It's part of karma: "What goes around comes around."
    How do you know that I wouldn't give away the code to find the current channel?
  6. nkhoi

    nkhoi Moderator

    In order to 'busted out' you have to be 'in' first.
  7. Yeah, the thread's title isn't the best.
  8. The way I see it is, sure, price moves in channels, but, gosh darnit, those channels move, too. That's why it's important to know which is the current channel. Once that is known, if price moves out of the current channel all you've got to do is find the best channel that contains the current price, remembering that we've got a lot of prospective channels and adding more as time goes on. Is that so hard?
  9. nkhoi

    nkhoi Moderator

    good way to describe it, no it's not hard one you get it.
  10. Yeah, I wonder why they make it seem so complicated.
    #10     Aug 10, 2007