madoff

Hi, if you would think a step further about idea of „backtesting“ you will with no doubt recognize, that all the knowlege, that you will get from such backtesting is simple the fact, that you have found some quantity of random outcomes in a series of price , that you have backtested, and no more than that. Than it is logical to assume, that if you after that take another price series, you will get another random outcomes and so on, what is also true. For that reason i dont see any need to backtest anything, coz i dont try to fit any market to any theory what a market should do, or in a particular pattern, but simple observe price action and take my steps. Sure i use a model of market, but this model fits to markets, and not otherwise. The model is very simple, doesnt have any optimizable parameters and is based on volatility and fractality of markets. I think also, that backtesting is only needed for people with wrong perception of makets and through that they want only make theyself (and others) to belive, that it is not that wrong. (Sorry I will not discuss the monte carlo simulation, because it will lead us to the quantitative approach, and in my eyes market are far more, than simple the numbers. We cannot calculate luck or unluck, or simple other unlimitd amount of possibilities, that we cannot derive from data, that we have, as well as litte and big events in the future, that we dont know at the moment of dicision making).
 
Sorry guys, my english is far from perfect, but i hope, it is clear, what i was tryed to say ;)

a indian guy called tom joseph combined macd, fib-ret, some other stuff that was in-vogue in the 80-th in a program. than he found some examples of stocks, fut and cur where the "patterns" "worked" and published that in his manual.
it will work like others swing/reversal pattern, maybe a bit better or a bit worse. it will be wrong often enough that you will loose a lot of money. it is only a illusion, that when you filter your setups (pti, channels, ew-osc, fibs and so on) you "refining" your setups. but it is not true, cuz it was and is and will be a kind of swing trading (and i personally dont like swing trading). if you dont belive me, you can pay 300 $ a month as long, as you belive in some magic in numbers or other *****ical ideas of charlatans like prechter or joseph!
elliott wave is a silly concept and adget is a useles programm. dont waste your time and money. ;) learn how market really is!

hidden fib omg hahahahaha what a ****, stop posting bs!

a indian guy called tom joseph combined macd, fib-ret, some other stuff that was in-vogue in the 80-th in a program. than he found some examples of stocks, fut and cur where the "patterns" "worked" and published that in his manual.
it will work like others swing/reversal pattern, maybe a bit better or a bit worse. it will be wrong often enough that you will loose a lot of money. it is only a illusion, that when you filter your setups (pti, channels, ew-osc, fibs and so on) you "refining" your setups. but it is not true, cuz it was and is and will be a kind of swing trading (and i personally dont like swing trading). if you dont belive me, you can pay 300 $ a month as long, as you belive in some magic in numbers or other *****ical ideas of charlatans like prechter or joseph!
elliott wave is a silly concept and adget is a useles programm. dont waste your time and money. ;) learn how market really is!

a indian guy called tom joseph combined macd, fib-ret, some other stuff that was in-vogue in the 80-th in a program. than he found some examples of stocks, fut and cur where the "patterns" "worked" and published that in his manual.
it will work like others swing/reversal pattern, maybe a bit better or a bit worse. it will be wrong often enough that you will loose a lot of money. it is only a illusion, that when you filter your setups (pti, channels, ew-osc, fibs and so on) you "refining" your setups. but it is not true, cuz it was and is and will be a kind of swing trading (and i personally dont like swing trading). if you dont belive me, you can pay 300 $ a month as long, as you belive in some magic in numbers or other *****ical ideas of charlatans like prechter or joseph!
elliott wave is a silly concept and adget is a useles programm. dont waste your time and money. ;) learn how market really is!