I am sorry for what you have been through, it is incredibly tough. your name looks rooted in China. Are you chinese living in USA?
I'm not chinese but an asian decent and yes I'm living in the USA deep in the middle of it. Thanks, but I'm more like a prophet then a king.
So, I have tested it with back data I have for this year and found it's very profitable. The major test I've done on it was how it would perform on the May 6th, 2010 flash crash something I've lived through. I've found it works then. Assuming I followed the rules. At best there was no way to predict a flash crash like that but you would have been trading in the down direction. At the very least you would have been safe and never try to buy into the crash because I think that would have cause any long term successful trader to blow up is a flash crash. So I'm pretty confident it works. I have no problems there.
I have not seen any evidence of this and the reason why is AI Algo are competing against other AI Algo just the same way that humans traders are competing. So the markets is still working the same way as in has in the past. No need to worry about AI. You wanna beat the market, the first step is learning how it works. But that's really harder then you think.
Ok so what made you not follow your system and broke your rules then as how you said in your previous post? Why would you think it could go higher if your system or rules have already predicted for you to earn the highest profit if you exited at the designated exit point? In other words why did you second-guess yourself by not exiting at where your system or rules told you to exit? You obviously don't trust your rules or system. Why is that? Why is it that when you saw that the trading system was profitable in the backtester and yet the moment that you implement it in real trading involving real money, you don't follow the system. Is it the problem with the system? Or is it you? This is what you need to figure out otherwise there is no point in creating a system or rules if you are not going to follow them.
I spoke with another profitable (I think) trader here on ET and one of the things I paid attention to is how he would say he was simply waiting for clarity and there could be hours between a trade. Even the best system will have losses, but I really believe it's so key to learn to eliminate poor trades. A simple example of a poor trade is when you enter with high leverage inside a chop zone and you're stopped out by a random spike.
That's an intriguing comment. Maybe you're right. I can however say from my own experience that index futures in 2024 is much easier to trade than it was around say 2010 - and I would assume the volume of algorithmic trading is much higher today than it was then. The key, IMHO, is to focus on larger moves and to avoid scalping noise on fast timeframes. Just see the overnight move today. Of course, not every session delivers a move as smooth as this one, but they do happen from time to time.
I got greedy and didn't obey my system rules. I said before I'm not a good trader but that's me and not the system. That's my fault and not the system. Technically, the last trade shouldn't even had been made because a good signal was never made. But I got impatient waiting for a signal or I got over-confident and broke my rules. The system by no means is not 100% perfect. There are still false signals, but that's why there are risk management rules like placing in stops in place to compensate for that. The lesson learn is to obey the rules and you'll be safe. Every time you deviate from it something bad will always happens. I'm also taking on riskier trades just to try to make profits. Again I'm a bad trader. Maybe, but I'm not worry. With what I'm seeing with the system is that money can easily be made back. It may even be a good sign that's you're getting very close if things are fvcking up.