Today I'm testing out my holy grail system vs what I've been doing before. Today the holy grail system gave me 8 signals. 2 signals were failure. And 6 signals were winners. Problem is I just can't believe that it works because it goes against everything I though it should have been. I think that because it fails 2 times that it shouldn't work. But that is still much better then what I did before which had an 80% failure rate. It is like this Indiana Jones movies. The Holy Grail isn't what you would think it should be. What should I do?
6 winners and 2 losers can obviously be consistent with a method that works well. And equally obviously it can also be consistent with a method that doesn’t work. It surely can’t possibly, in itself, be statistically significant? What did I miss, here? How can anyone possibly tell that from the information above?
Did you get past The Knights Who Say "Ni"? How about The Black Knight? ("It's just a flesh wound"). How bout the old Gatekeeper guarding The Bridge Of Death?
Yes, I did that last week. https://www.elitetrader.com/et/thre...ver-the-holy-grail.381463/page-9#post-6038095
Well, my problem is I keep fighting against what the holy grail system say to do and doing what I would want to do naturally. Which is always trading to predict. But statistically me trying to predict isn't really working. But it's my nature.
Considering one can generate monstrous profits winning 11 times out of 20, the answer should be clear... you'll be a billionaire within a few years!
I'm so sick of hearing about win loss rates. Trading isn't poker for f***** sakes. The problem is you guys don't know how to read charts so you try to just follow some sort of indicator concoction... It's futile in the long run. Indicators can only confirm price action. They cannot be used to make trade decisions.