Strategy but no instinct

Discussion in 'Strategy Development' started by michael21, Feb 19, 2012.

  1. I have developed a great strategy which is very very simple but for some reason, maybe nerves, can't execute it properly. I want to know what software or broker is best for me to be able to tell it to buy when 2 very basic things happen and sell when something else happens?

    For example, Buy when MACD crosses or Sell when RSI reaches 80...stuff like that...

    Any help is very much appreciated.

    Thank you
  2. cqm


    very easy to program something like that in Prodigio, Td Ameritrade's thinkorswim platform

    you can also backtest it to see how often a strategy like that actually fails.
  3. kut2k2


    That's your subconscious telling you that the strategy isn't all that great. Traders with truly great strategies are eager to execute them, not reluctant.
  4. Better donate your money to charity if youy are going to trade with MACD and RSI or any of that stuff. Otherwise the money will go to the pocket of your broker who drives a maserati to work and pays for $2000 an hour hookers.
  5. Rotflmao. Wisdom.
  6. He'll find out the hard way. Be sure about that. He's been tweeking those parameters in permute mode for a week now.:)
  7. pakua42



    What a great answer about reluctance to trade a system is really your subconscious telling you the system isnt that great. I always believed one's guy should be respected. George Soros even said that when he wakes up with a back ache, he knows to take that day off from trading. So maybe you can help me too......I started trading to build my moms retirement account and was a "fundamental" position trader mostly,all with her money and did well. But the allure of swing and day trading always had me distracted, and I began studying technical analysis day and night. I held a job and always wound up in somebodys trade/chat room any day I had off.

    I loved being in a prop firms chat room trading equities with 400 guys from around the world all taking many of the same plays, and always getting flat by end of day. Problem is the firm went belly up, taking a good chunk of my "disposable income" with it and I started frantically learning on my own. I started studying fibonacci clusters and found 1 guy had a trade room in which he called out trades on the ES and Bonds along with a couple of currencies and definitely he made a profit. I paper traded with him but wanted to get back into mequities and left the room. Now I feel burnt out. The desire and the belief that I can day trade or even swing trade the markets for a living is for the first time, not that appealing anymore.(I also lost my confidence that despite being sharper now than ever before, that I can really succeed at swing and day trading enough to make iot worth leaving the job world for.)

    I dont like to wake up early to trade anymore and now I just trade a micro account in Forex as I can set it and forget it. Im up 10% in my account papertrading last 2 weeks but if this system doesnt work, I feel Im ready to give up. But LITTLE VOICE in my head is screaming" Are you crazy? Youve been studying for too many years not to make a living trading!" Now... I just dont care. I took a long rest of 6 months before I found this forex system and still, I have just a small amout of enthusiasm left. Im sure if my account skyrocketed Id be feeling very different but I never ever have been lucky in trading. Ive always been the guy that when he thought he was flat a position in gold futures, im the guy who woke up the next morning and saw 30% of my acct was gone, never the other way around. I got into apple at 33 and sold it because it went to 31. Id have been rich from that alone and I just forgot to keep my eye on it and re-enter when it broke 36 as planed. Went to over 700 as you know. So Iv e been beat up pretty bad.

    Should I quit? Is this apathy my subconscious telling me this is not the profession for me? I used to stay up till 4am studying charts and reading articles. Now..................out of the clear blue sky I have this urge to get into law enforcement to be around people. WTH!!!??? Yeah, Im burned out from being alone in my apt all day and night weekdays. But if I give up trading id regret it the rest of my life. what do I do?

    Any comments from anyone would be appreciated.

    ps-I also see the short term pip range and daily volatility in many markets has dried up. We are all chasing the same nickel now it seems. I bet more pro traders went back to their "real" job this year than any other since the naz meltdown of 2001. Who...after all is making money anymore.? Why do you think we see sooooo many trading systems being sold today. Those are the once profitable guys that are now stuck with a system that cant pay the bills. Any ideas?
  8. Sanz


    Is this EOD? Have you backtested?