grahamb33

 

to test out products first

 

Bwaaaaaa ha ha ha

juat pay the data if you cant afford that why are you still considering trading ? we all work and struggle with trading free is dead

 

This has nothing to do with being able to afford it or not. A lot of professionals running huge hedge funds are using free, open-source tools like python. Besides, if you like to pay for things, then why are you hanging out at indo investasi? ;-)

 

Odd, I still evaluate stocks with NT

 

Great, then never ever upgrade your PC, nor NT, and pray that your current PC never ever dies, because the moment you reinstall it, you will need to sell your soul to NT.

 

I used to use NT with the API connector to get Ameritrade free quotes. Occasionally I also used Kinetick, as well as Finance Yahoo to get free quotes. They are all gone without warning. This is a perfect example of why we should not rely too much on any commercial software. I think the way of the future is open-source stuff like python. It will take at least a decade until all these commercial softwares like NT are able to offer just a tiny fraction of what you can achieve with python for free. With python, you can even develop machine learning and AI-powered trading systems now.

This once great and free platform that served my stock backtesting needs for over a decade has now decided to quietly REMOVE all ability to get stock quotes, and instead requires full registration and a live futures trading account just to open the program. I even spoke with a sales rep that keeps calling me every day after I made the mistake of registering and I said I stopped using NT because they removed the crucial ability to analyze stocks and ETFs from the software and he told me with a puzzled tone that he didn't know what I was talking about and that NT was always a futures-only platform. LOL. Forget this cr@p.

A really long time ago I watched a few of Chris Lori's videos from a pro trader course...

I sure learned a lot about BOBSLEDDING, but not a lot about actual trading. LOL.

I love all the words that were used to describe this gambling business of binary options: "effortless", "easy", "terrific payout guaranteed", "safe", "profitable", "leading brokerage firm all over the world"... Just shut up and TAKE MY MONEY already!!!😍

 

Thank you very much!!! You guys are the best! I use The Downloader too, but the problem is that it requires too many steps to convert the data. Anyway, I started using Amibroker instead and it seems like a much better charting program. I might go back to Metastock though if this converter allows me to get many different symbols with less steps.

If by "beginner" you mean undercapitalized and uneducated you are most likely doomed to fail regardless of which system you pick. As others have already pointed out, the majority of traders lose money (some 90%+). The majority of the traders are using all the same great professional tools, indicators, and systems that are available to everybody else, and they all lose. Some are even capitalized properly and are highly educated, but they still fail miserably. Therefore, success is really about psychology, risk management, and position sizing. Notice that the two latter things are not posible to do well with small accounts, but you have to start somewhere...

 

Start by educating yourself and reading Reminiscenses of a Stock Operator, The Market Wizards, and Best Loser Wins. Once you understand these 3 books thoroughly and can quote Reminiscenses of a Stock Operator in your sleep, then try using deep-in-the-money call or put options to cap your risk and leave the upside uncapped (asymmetrical leverage) to try to grow your small account in the most unconventional way. Since you can't risk just 1% on each trade on small accounts, you will need to break all rules of trding and have lots of luck in the beginning. But, if you hit a normal drawdown early rather than later, you will blow out your small account. Don't get discouraged, just go back to work, raise another stake and try again! But, be careful not to fall into a trap of switching systems, taking new courses, and reading new books every time you hit a streak of losers. It is not about the system! Nothing works all the time. Read about the struggles of Michael Marcus, Mark Cook, and Marty Schwartz (Pit Bull!) for inspiration. They all started with small accounts and achieved the impossible. Jesse Livermore himself started with only his lunch money.

 

Any entry system is OK, really. If you need some entry system ideas, read Linda Raschke's Street Smarts... Just assume that every trade is low probability and most likely will be a loser, and then place it anyway! Get out quickly if it doesn't work and don't ask why, just cut those losers short! When and IF a trade actually works, just SIT TIGHT and let the damn thing ride with a trailing stop, and even ADD to your position at progressively higher prices! It will be extremely difficult and stressful to do this, and everybody else will naturally do the exact opposite. The majority will ride the losers and even average them! Then, they will cut the winners short because they tell themselves that a bird in the hand is worth two in the bush! With such a recipe, you are guaranteed to blow out even if you have a lot more winners than losers.

 

Some people, like me, like to enter on overbought or oversold technical conditions (mean reversion). Trend followers, like some Market Wizards, like to enter on new high and new low breakouts. Some people even use fundamentals for trading (Jim Rogers, Victor Sperandeo, etc), but be extremely careful because that's the most dangerous way to trade of all. Timing and risk management are impossible with fundamentals trading and small accounts. Turn off ALL the news and only look at price. Do not listen to anybody, no matter how reputable they are, and never mix politics with trading. Turn off the TV, the radio, and the news webpages. It's hard enough to deal with your own psychology while on a trade. Reading the news and getting scared out of your trades will make you feel like a sucker every time. Shut it off completely. I really mean this.

 

To summarize, I think it boils down to picking either mean reversion or trend following, whichever goes with your personality more. Pick a time frame that you like. Some people like to trade daily bars, others like 5 minute bars... You can make money from a small position and large moves, or big positions and small moves. There are a million ways to make money. Enjoy the journey, because it will be a long and difficult one.

I used to play with an old version of Elwave 9.5 years ago with EOD quotes imported from Metastock 11. I guarantee you that it has no virus. The crack is just a DLL that you can replace in the installation folder. If your antivirus flags it, just white list it. If you are really paranoid, you can try it inside of Windows Sandbox (a built-in feature of windows 10). Not sure if this still works with windows 10+ because I don't use Elliot Wave and Elwave anymore, but I hope it works for you.

 

https://www.mediafire.com/file/xvkeh.../ew95.zip/file

password: indo-investasi

 

I hope this is not off-topic, but I don't think Elliot Wave works. I've been trading for over 2 decades and I have tried to make it work, but the only thing that I found useful are:

 

1-Corrections often do have an ABC pattern, but of course, not always.

2-Corrections can be identified by wave overlaps. See page 50 of Robert C. Miner's High Probability Trading Strategies.

3-OK, maybe this one works due to the sheer fact that the markets will always try to fool the greatest number of people: The rule of Alternation. Example. If the last bottom was a V bottom, the next bottom is likely to NOT BE a V bottom.

 

That's it. Only 3 things that work for me when it comes to Elliot Wave. Everything else is garbage that will make you lose money, really. And, you don't need special software to see ABC patterns, or rule of alternation in action. I hope this helps.

Also, if anybody has TaderXL it would be amazing. I have version 6.1.18 which only works with Office 2003 and the yahoo finance quotes downloader is broken. Thank you!

Hello, can someone please share recent versions of a software called "TextToMS" or "Convert2Metastock" with serials? I have some old versions that I found on the internet, but they either don't work or have a horrible millenium date bug. Thank you very much.

Can someone please share this? I know this post is 10 years old, but I still need this and I am sure many others are still using metastock 11. Thanks!