Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

Discussion in 'Technical Analysis' started by Scataphagos, Sep 26, 2023.

  1. Hello hilmy83,

    I also build and test algos as well like you. but I click too.
     
    #21     Sep 26, 2023
  2. hilmy83

    hilmy83

    No need to click anymore once the bot is completed. Go enjoy life, don't stare at screens all day.
     
    #22     Sep 26, 2023
    SimpleMeLike likes this.
  3. deaddog

    deaddog

    Isn't that an oxymoron :D
     
    #23     Sep 26, 2023
    semperfrosty likes this.
  4. SunTrader

    SunTrader

    ! ES today.png

    Red/Blue tweaked Reversal bars

    Yellow RSI(2)

    Magenta Stoch
     
    #24     Sep 26, 2023
    Slope Trader likes this.
  5. Hello Scataphagos,

    Yes, I can understand the mental pressure of having to make money to pay the bills.
     
    #25     Sep 26, 2023
  6. Hello hilmy83,

    I completely understand.
     
    #26     Sep 26, 2023
  7. Arnie

    Arnie

    upload_2023-9-26_13-52-33.png
     
    #27     Sep 26, 2023
  8. M.W.

    M.W.

    And quants and algos don't? You are aware how absurd it is what you have said, right?

     
    #28     Sep 26, 2023
    SimpleMeLike likes this.
  9. Hello M.W.,

    I do not have the resources to compete with quants. This is what I mean.

    I do not know what a quant is, and I do not care what a quant is. I do what is simple and less time consuming. Stare at Price TA and click the buy and sell button.

    I do not have a preference, algo or manual trading. I personally do both.
     
    #29     Sep 26, 2023
  10. M.W.

    M.W.

    There is a middle ground between petabytes of tick and alternative data and highly trained data engineers on one side and sitting like a monkey and watching green and yellow lines that are exclusively derived from historical data and have absolutely zero bearing on the future. The latter is pure gambling and any past edge has been arbed away years ago. And that's generally reflected in the negative pnl generated over the lifetime of multiple accounts. There is absolutely no way guys like @SunTrader make a single dime across any given quarter with the nonsense they are posting. Same goes with the bs @Scataphagos is posting. He should have never been allowed to open a brokerage account and he would be wealthy by now had he just opened up a mom and pop computer shop in his hometown.

     
    #30     Sep 26, 2023