He meant employed traders in trading firms. I think the brokerage accounts of private traders or prop shops are not easily available to studies....
Well, I don't think that Daniel Kahneman does trade. At least not since he won the Nobel prize of economics in 2002. It might sound like a...
I got that from the book "Thinking, Fast and Slow" by Daniel Kahneman. According to his statistics, the profit difference between professional...
Well, you're right and wrong. Curve fitting is just a mathematical procedure that is neither bad nor good -...
While working on a couple different trade strategies, I found an interesting trend. The more time I spent with implementing an algorithm, the less...
That's the basic idea, but normally you re-optimize not every hour, but every 2 months or so. The main advantage of WFO is that the optimization...
Curve fitting is not the problem, because that's the very purpose of a strategy optimization. The problem is _overfitting_ - meaning that the...
I'd say both assumptions are correct. The content of an FX tick depends on the algorithm by the tick provider, which is normally an FX broker. The...
I have to admit that this test overcomes both problems of the previous test. An exit after 2 to 3 bars is most likely within the prediction...
Neither actual trading, nor the Reality Check can prove trading systems. For this you still need the good old simulation with historic price data....
Goodgoing: Might you be someone who has really paid $10K for that software? This of course explains your upset :). Spending $10K is not a good...
Why don't you do it and tell us your results? There is free software that can automate any technical trade method.
When you test a strategy, you usually don't know if positive results are just luck, or if you really have an edge. This experiment shows that just...
That's absolutely correct - but as not anyone seems to have understood this post, I'll repeat with other words. Tim888: I don't want to talk...
This is a good illustration of data snooping bias. There are software algorithms such White's Reality Check that calculate the bias within a set...
For excluding trades whose profitability is below the spread. Otherwise the algorithm finds too many patterns on short timeframes, f.i. 1-minute...
This is interesting, as I just described a test with another software for finding price patterns - you can read about it here -...
How does Price Action Lab avoid curve fitting? From their program description, it seems to be the textbook example of curve fitting - it...
Unfortunately, scientific publications usually don't disclose the author's funding sources. And most people are not objective in a publication or...
Nope. Marketing is commercial activity to support selling a product or service. Uploading some program for free download on your website, and...
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