Dump it Here

[Skate]

Quite simply: Your system is not accessible at all to any readers. At all. Start sharing calculations that you use.

Respectfully, @Richard Dale, I appreciate you taking the time to provide detailed feedback. Your extensive trading and coding experience is clear, and I'm grateful you're willing to engage with me on this topic.

Rather than focusing on what may be lacking in the details I've provided, I'd welcome the opportunity for you to share some of your own insights and approaches. This thread is meant to be a collaborative discussion, where we can all learn from each other's perspectives and experiences.

I understand the frustration of feeling that the system I've described lacks accessibility. However, I believe there is value in providing a starting framework, especially for those new to trading systems. My goal is to spark ideas and encourage thoughtful engagement with the markets.

If you have an alternative point of view or a different approach that you've found successful, I'm genuinely interested in hearing it. The purpose of this discussion is not to determine what is "right" or "wrong", but to have an open and constructive dialogue that benefits everyone involved.

Skate.

 

[farmerge]

Respectfully, @Richard Dale, I appreciate you taking the time to provide detailed feedback. Your extensive trading and coding experience is clear, and I'm grateful you're willing to engage with me on this topic.

Rather than focusing on what may be lacking in the details I've provided, I'd welcome the opportunity for you to share some of your own insights and approaches. This thread is meant to be a collaborative discussion, where we can all learn from each other's perspectives and experiences.

I understand the frustration of feeling that the system I've described lacks accessibility. However, I believe there is value in providing a starting framework, especially for those new to trading systems. My goal is to spark ideas and encourage thoughtful engagement with the markets.

If you have an alternative point of view or a different approach that you've found successful, I'm genuinely interested in hearing it. The purpose of this discussion is not to determine what is "right" or "wrong", but to have an open and constructive dialogue that benefits everyone involved.

Skate.

Professor .... crystal clear.

 

[Skate]

You appear to want to post here to help people with trading systems

@Richard Dale, many new traders face challenges in discovering or coding a profitable trading system. Successful trading systems pinpoint opportune moments for entering positions in an upward-trending market. A blend of technical indicators is crucial for this, guiding informed decisions about the optimal times to buy.

I believe if you can master the three key aspects of what to buy when to buy, and when to sell, you're well on your way to developing a successful trader's mindset. Using technical indicators can help define the "favourable conditions" for entries and exits. This is where the journey starts to become more challenging, but also more interesting.

I understand your concerns about the accessibility of the trading system I've described. As an experienced trader yourself, I appreciate that the details may not have been as comprehensive as you would like. However, I think it's important to recognise that those just starting out often need to begin with more simple concepts and strategies.

Following a straightforward approach, like a signal generator strategy, can have advantages that I've already outlined - such as sparking ideas, encouraging thoughtful engagement, and providing a structured starting point. While experienced traders may desire more complex systems.

Skate.

 

[Richard Dale]

Skate,

You're asking me to do what I am asking you to do. You said this is an accessible system for the beginner when I have clearly stated why it is not at all.

You provide no detail.
You provide no evidence.

However, you continue to provide trading results.

I am simply questioning your lack of disclosing any meaningful mention of your methodology and backtesting results. No disclosure of any backtesting results seems to be either a) Here's a untested trading strategy idea or b) I've been unable to test this strategy, and won't tell you the parameters, but check this out from date X onwards.

Exactly how either a) or b) is useful to any traders is clearly questionable.

If you can do better, do it now.

 

[Skate]

You said this is an accessible system for the beginner when I have clearly stated why it is not at all.

@Richard Dale, the 4-coloured dot system is an accessible starting point for complete beginners. The colour-coded approach provides a clear, visual framework that could help new traders begin to understand the mechanics of position entry and exit. I understand your frustration and the desire for more transparency and substantive details about the trading system being discussed.

My question
Is there an easier trading system such as the "Signal Generator"?

The system has only two rules
(1) Buy the next day after a "Lime Dot" and
(2) Sell the next day after a "Fuchsia Dot" - what could be simpler?



Skate.

 

[farmerge]

@Richard Dale, the 4-coloured dot system is an accessible starting point for complete beginners. The colour-coded approach provides a clear, visual framework that could help new traders begin to understand the mechanics of position entry and exit. I understand your frustration and the desire for more transparency and substantive details about the trading system being discussed.

My question
Is there an easier trading system such as the "Signal Generator"?

The system has only two rules
(1) Buy the next day after a "Lime Dot" and
(2) Sell the next day after a "Fuchsia Dot" - what could be simpler?

View attachment 181316

Skate.

Well Professor as thick as I am I understand, if it is of any consequence.

 

[Richard Dale]

The system has only two rules
(1) Buy the next day after a "Lime Dot" and
(2) Sell the next day after a "Fuchsia Dot" - what could be simpler?

"What could be simpler?"

Well, quite simply, your system is indeterminate.

You have not defined any definitive aspect of the "dots" or even trading universe.

Backtest: Not supplied
Trading rules: Not supplied

Stop hiding behind "I understand your frustration and the desire for more transparency and substantive details about the trading system being discussed."

You talk about yout trading system's signals, with convincing "signal generator" charts, plus trades and results over time, yet you appear to be unable to substantiate any aspect of your system. Provide more transparency and substantive details.

 

[Skate]

You have not defined any definitive aspect of the "dots" or even trading universe.

@Richard Dale, I understand your perspective, but I believe you may be missing the intent of this exercise. For those new to trading, having a simple system with just two clear rules could actually be quite beneficial. Even if they don't fully comprehend the underlying code. If the system has been thoroughly tested and proven effective, it provides a no-cost opportunity for new traders to evaluate and begin experimenting with a structured approach.

Skate.

 

[Richard Dale]

@Richard Dale, I understand your perspective, but I believe you may be missing the intent of this exercise. For those new to trading, having a simple system with just two clear rules could actually be quite beneficial. Even if they don't fully comprehend the underlying code. If the system has been thoroughly tested and proven effective, it provides a no-cost opportunity for new traders to evaluate and begin experimenting with a structured approach.

Skate.

Except you provide no details of the structure at all - just vagaries..

Your universe is not clear at all.
Your two clear rules are not clear at all.

Clearly you HAVE defined something in order to produce your charts, yet you are unwilling to share any meaningful aspect of this other than nebulous 'n' statements.

What makes you even believe that such an approach is worthwhile for new traders to even try and use?

You must have some evidence/confidence? Why not let others also know this?

 

[Skate]

Comparative Equity Curve Analysis
@Richard Dale, here is more detail. The displayed equity curve provides a comparative analysis of three trading strategies: (a) the original "Signal Generator", (b) the "Enhanced Signal Generator", and (c) the "10-Position Breakout Strategy". This analysis aims to offer a clear assessment of the relative performance of each approach over time.

Even today, the start of a new week wasn't kind to most traders the equity curve highlights the divergence in performance between these three strategies, providing valuable insights for evaluating their viability. While the ongoing progress appears limited to a few, I'm interested in understanding how these strategies might perform over the long run. If any of them prove to be consistently profitable, it could encourage others to further investigate and evaluate these approaches for themselves.



Skate.

 

[Skate]

Except you provide no details of the structure at all - just vagaries.

@Richard Dale, new traders don't know or even care about the structure of what they are trading - they just want to know: What to buy, when to buy it, and when to sell it. The rest is not important when starting out.

Skate.

 

[Richard Dale]

OK - So you are stating that all of your reported results are opaque and unknowable, unbacktestable, and nobody here could possibly replicate any of it.

Got it. Nice.

 

[Skate]

World Champion
Mick Doohan, was an Australian former Grand Prix motorcycle racer, who won five consecutive 500 cc World Championships. When he arrived at a new track, he wanted to know two things.

(1) Which way the track ran (clockwise or anticlockwise)
(2) What was the lap record.

@Richard Dale, I would encourage you to read one of my previous posts (above) about Mick Doohan, as it may help explain my perspective on why I'm trying to present these trading ideas in a simple, accessible format. I'm frankly struggling to understand why others feel the need to overcomplicate a process that I believe can be quite straightforward, especially for beginners.

My code is specifically designed to provide three core pieces of information:
1. What to buy
2. When to buy
3. When to sell

Truly, what else does a new trader need to know, at least as an initial starting point? The goal is to give them a clear, actionable framework they can use to start gaining hands-on experience in the markets. The deeper structural details can come later, as their skills and understanding progress. But for now, focusing on these three critical elements seems like the most logical approach.

Skate.

 

[Skate]

@Richard Dale, thank you for the engaging interaction - it's been an enjoyable experience. Your alternative perspective has been a refreshing contribution, and I appreciate that we've been able to put forth our respective viewpoints in a respectful manner. I wish this exchange could have started earlier, as I believe the dialogue has been productive.

In conclusion, I believe providing a simplified, visual framework with clear entry and exit signals can be an effective way to help novice traders start developing hands-on experience, without overwhelming them with technical complexities.

Goodnight.

Skate.

 

[Richard Dale]

@Richard Dale, I would encourage you to read one of my previous posts (above) about Mick Doohan, as it may help explain my perspective on why I'm trying to present these trading ideas in a simple, accessible format. I'm frankly struggling to understand why others feel the need to overcomplicate a process that I believe can be quite straightforward, especially for beginners.

My code is specifically designed to provide three core pieces of information:
1. What to buy
2. When to buy
3. When to sell

Truly, what else does a new trader need to know, at least as an initial starting point? The goal is to give them a clear, actionable framework they can use to start gaining hands-on experience in the markets. The deeper structural details can come later, as their skills and understanding progress. But for now, focusing on these three critical elements seems like the most logical approach.

Skate.

Whilst you state that your code provides 1, 2 and 3, you don't state any substantial code - only nebulous statements.

There is nothing actionable here.

Why not provide it as an example?

 

[Richard Dale]

@Richard Dale, thank you for the engaging interaction - it's been an enjoyable experience. Your alternative perspective has been a refreshing contribution, and I appreciate that we've been able to put forth our respective viewpoints in a respectful manner. I wish this exchange could have started earlier, as I believe the dialogue has been productive.

In conclusion, I believe providing a simplified, visual framework with clear entry and exit signals can be an effective way to help novice traders start developing hands-on experience, without overwhelming them with technical complexities.

Goodnight.

Skate.

I'm unable to agree with your conclusions here - I think you are being deliberately obtuse and haven't provided any clear entry and exit signal rules at all.

The visual framework/chart examples you have provided are based upon opaque trading rules.

I disagree with the technical complexities because your system also ignores any basic market regimes.

You have not addressed any of my previous points on backtesting.

For example, your systems appears to fully completely subject to recency bias (starting late une 2024 - in a short-term (maybe more?) bull run). Hey, let's start a system (and continue posting about it) when the market is trending up. This is complete FIGJAM.

 

[Captain_Chaza]

I prefer Forward Testing and See how she goes
and like to Check the Logs as we go MYSELF

Vertical Lines on significant dots and Stronger colours would be helpful

 

[Richard Dale]

I prefer Forward Testing and See how she goes
and like to Check the Logs as we go MYSELF

Vertical Lines on significant dots and Stronger colours would be helpful

Forward testing is fine, too, but understanding the past gives a perspective.

Certainly a trading system "starting June 2024" in July 2024 is not much of a perspective. Some would call this recency bias.

Specific rules on how both could be generated are important. None of that is provided, to date.

 

[Skate]

My observation is not directed to anyone in particular
When people have a firmly entrenched mindset, it can be tremendously challenging to change their thinking, regardless of the information or evidence presented to them. Furthermore, a single word or phrase can sometimes shape another person's opinion about the ideas being conveyed, without them fully understanding the concept.

@Richard Dale, I appreciated your engagement and the time you've taken to share your thoughts yesterday. I understand your desire for more specific details about the trading strategies and their parameters. My intention is to provide a framework for others to build upon and conduct their own research. I believe that this approach fosters a deeper understanding and encourages independent thinking.

The comparative equity curve analysis I shared is an overview of three trading strategies: The original “Signal Generator”, the “Enhanced Signal Generator”, and the “10-Position Breakout Strategy”. This analysis aims to offer a clear assessment of the relative performance of each approach over time, not to provide a detailed breakdown of each strategy's code or parameters.

I understand the need for transparency. While I prefer not to share the full details of my strategy code or parameters at this time, I have committed to supply the TradingView Pine Scripts to everyone free of charge after each strategy have gone through the paper trading phase to establish if they are profitable.

I believe the underlying reason for your combative remarks might be summed up in your use of the term "FIGJAM." Over the years of posting, I have never sought to give anyone this impression, as everything I post is in the vein of helping others just starting on their trading journey.

Remember, this is a "Beginners Thread," meant to be a collaborative discussion where we can all learn from each other's perspectives and experiences. Rather than focusing on what may be lacking in the details I've provided, my goal is to spark ideas and encourage thoughtful engagement that will ultimately benefit everyone involved.

I've remarked many times that people's "perception drives their reaction," and it seems that your perception of me has led to these comments. I intend to foster a positive and collaborative environment where we can all learn and grow together.

Skate.

 

[Skate]

@Richard Dale, after reviewing your posts, I understand your concerns and appreciate the opportunity to address them in more detail. Here are my responses to the main points you raised:

(1) Lack of Clearly Defined Entry, Exit, and Risk Management Rules
You're absolutely right that without these specifics, it would be very difficult for others to replicate or backtest the system. In the interest of transparency, I should have provided more clarity around the entry/exit criteria and risk management parameters I use. Moving forward, I will be sure to include these details when sharing additional information.

(2) Absence of Robust Backtesting and Out-of-Sample Testing
This is a fair criticism. While I have done some basic testing, I agree that more extensive backtesting across different market conditions would be necessary to truly validate the system's performance. I will commit to conducting more rigorous historical testing and sharing those results.

(3) Potential Recency Bias
You make a good point that the results I've shared may be skewed by the recent bullish market environment. It's important to evaluate performance across a variety of market cycles. Going forward, I will include performance details to demonstrate the system's robustness.

(4) Frustration with Vague Descriptions and Lack of Code
I understand your frustration with the lack of specificity in my previous posts. While I'm hesitant to share the full Pine Script code at this stage, I have provided details and logic underlying the strategies so others can better understand the trading idea I'm proposing.

My goal is to develop a trading system or systems that the community can actively engage with and enhance after this exercise concludes. When posting, I strive to balance sharing valuable insights with providing sufficient information for others to consider and build upon.

Skate.