Tradeguider FAQ

[Boggo]

So a buy signal is when you get a signal the day before and it follows through. I could backtest that quite easily in AB you know?

Anyone want to see the equity curve?

Mistake number 1 when testing any system is using the bar that the "signal" is generated on as the entry bar, delay the entry and the exit by one day (bar) and having that bar meet a set of conditions changes everything.

 

[rnr]

But a discerning trader will always backtest ideas to see if it is 1) the confidence or 2) the method that is making the money.

If the method is not making the money where on earth does confidence come into the equation!

 

[tech/a]

I have no problem with tech's approach. He makes money - good on him. .

Ill answer this without being inflammatory because I believe that you could learn GB from your own ignorance.

I'm just saying what he does can't be taught.

Err-- you know this how?
Id say there are a few around who would disagree.

What he has given you is confidence in a system that has no real basis.

Wrong--On a number of levels.

Firstly I've shown him how to have the best opportunity to trade profitably.
How to manage an individual trade.
How to maximize perceived potential in a trade.
REGARDLESS of the method he uses to trade.
I have not shown him a system.
I believe every profitable trader will have their BASIS (Foundation) in
that which I have passed on to Pav.

Confidence is good. Confidence makes money

Misplaced confidence is not good
Confidence in itself doesn't make money.

But a discerning trader will always backtest ideas to see if it is 1) the confidence or 2) the method that is making the money

.

Every beginner who has no idea what he needs to do to have the best opportunity at being profitable should start with systems design. Once he can design 4 or 5 profitable long term trading methods he will have a strong foundation and understanding of why a method is more likely to fail or succeed.
WHAT IT WONT DO
Is guarantee you'll be a profitable DISCRETIONARY trader!

Contrary to opinion and possibly your opinion Discretionary traders can and do out perform systems based traders.

The Confidence a discretionary trader has is far different to that of a systems trader.
For example I'm out of the equities market trading long right now.

When a method is not profitable in itself, then losing your confidence means you start losing on trades.

GB this is like discarding driving a car because you have placed it in gear and it doesn't go anywhere!!
If you dont know that you need to dis engage the hand brake,Let the clutch out (Unless your trading a system and your on AUTO!) and accelerate!
Even that's NOT ENOUGH! you gave to KNOW HOW TO DRIVE

You have to KNOW HOW TO TRADE

Big problems arise when beginners log in here and think "oh great I'll just learn patterns and VSA and I'll be profitable".. It won't work.

It CAN WORK.
You have to complete the book not just read the odd page.

 

[CanOz]

Duh I know that! A signal on TG is like an MACD or stochastic cross, and with as much predictive power. TG has no edge beyond what AB can offer, which is why I advised fifty not to waste his money. Do you have a problem with that?

You don't know what his goals are GB, perhaps he wants to purchase it as a tool to learn and apply the concepts of VSA with a view to developing a trading system with VSA as an element of it.

He can make the decision based on his needs, with the opinion of a trader that is using it with his method that is profitable.

Our opinion doesn't hold allot of weight, we are not using as part of our trading systems.

Personally I just think that AB is better value because it does more stuff, so if in the future you want to do other things you're not stuck with TG.

Only my opinion.

Also, captain black using a version of VSA That he developed to trade the kospi, unlikely that he takes the signals blindly from memory....he applies his discretion.

By the way, where did you get the code for amibroker VSA?

CanOz

 

[tech/a]

Duh I know that! A signal on TG is like an MACD or stochastic cross, and with as much predictive power. TG has no edge beyond what AB can offer, which is why I advised fifty not to waste his money. Do you have a problem with that?

Ill bet you $500 to Joe that over 20 trades I'll out trade you using ONLY VSA and you using Stochastic or MACD crosses. I will show with its correct use more predictive power that ANY OSCILLATOR CROSS particularly if your choosing them!

Do you have a problem with that?

 

[fiftyeight]

Looks like it is good educational tool and something that I will still use into the future so the price seems justified. Of course there are many other areas not just VSA I will have to become proficient in before I am consistently profitable.

Although doubtful, I hope the bet takes place.

GB you are hilarious.

Disappointing I got no advise on finding the "holy grail"

Cheers

 

[Trembling Hand]

Disappointing I got no advise on finding the "holy grail"

Time, work and honest review of your progress. Like any expertise. Unfortunately many make crap up to excuse not doing the first two and wilfully ignore the last one because it a sorry sight to see your own failings and how much more work that is required.

 

[pavilion103]

Ill bet you $500 to Joe that over 20 trades I'll out trade you using ONLY VSA and you using Stochastic or MACD crosses. I will show with its correct use more predictive power that ANY OSCILLATOR CROSS particularly if your choosing them!

Do you have a problem with that?

I'd like to see this. Shall we set a date?

 

[Gringotts Bank]

Picture of a useless trading software. Backtests prove it. Who wants proof? It spoils all the fun of faith!! Such faith!

 

[Trembling Hand]

Picture of a useless trading software. Backtests prove it.

But GB maybe its you. From your repeated admissions you have never been profitable - system trading or other wise. Clearly you do not know the first thing about trading.

Just saying - there is one common theme in all you failed backtest and attempts at trading and attempts at being the psychology guru - YOU. Maybe you are just not able to make things work cuz you're not smart enough?

 

[CanOz]

Picture of a useless trading software. Backtests prove it. Who wants proof? It spoils all the fun of faith!! Such faith!

GB, no one in thier right mind would take those as stand alone signals.

You not even trying to understand anymore, your just being silly.

CanOz

 

[Gringotts Bank]

But GB maybe its you. From your repeated admissions you have never been profitable - system trading or other wise. Clearly you do not know the first thing about trading.

Just saying - there is one common theme in all you failed backtest and attempts at trading and attempts at being the psychology guru - YOU. Maybe you are just not able to make things work cuz you're not smart enough?

lol, I think you need a girlfriend!

 

[tech/a]

Really for the sake of those who are willing to THINK about the things I write up.

For the sake of the exercise lets say your short and your looking for a place to close out your long.
You would be charting the journey as you go.
Here we have an alert by the software. We also have the commentary. If we have no idea what we are doing we can see that there
is no strong rally next bar so most normal people wound not see a change in position



READ the description and the background and the Future



Here is the background etc



So now we get down to here.
Looks like just ANOTHER signal --Is it



So lets add to to the story.



Where to from here?

If I was short Id be looking at closing my position now.
It may well pull back from the last bar as clearly there is some supply.
Would I go long.
No not yet I may consider it in the next few bars.
However pullbacks of 61.8% generally result in consolidation patterns.

Now If you are REALLY INTERESTED---ANYONE--Take the time to BUILD THE STORY.
Now tell me the software is USELESS?

I feel the "tradesman blames his tools!"

 

[Boggo]

Picture of a useless trading software. Backtests prove it. Who wants proof? It spoils all the fun of faith!! Such faith!

I thought that I explained (spelled out) what those items that you refer to as buy signals were.
You don't quite get the concept of being given a heads up signal and then knowing how to apply commonsense and knowledge to it.

I think that you are looking for the holy grail that is going to provide the ideal "BUY" signal, it doesn't exist on a chart, its between your ears.
Everything else is a tool to assist you - but only if you understand how to use it.

Seriously GB

 

[Trembling Hand]

lol, I think you need a girlfriend!

I had a few great ones last night.

Don't feel too crisp today thou.... :

 

[sinner]

Obviously the issue here is that GB is counting the green and red markers as tradesignals without a proper understanding of what they actually are (markers of well known pairs of volume/spread attributes such as a wide range bar on high volume closing in the lower 25% of the bar).

For example, the presence of stopping volume, is absolutely not a buy signal and has never been portrayed as such by VSA proponents.

I once coded my own set of VSA indicators, which look very similar to what TradeGuider shows. What GB refers to as a signal is simply a quantifiable true/false statement such as:

Does the bar have:
* High volume
* Low spread
* Close in the middle of the bar

If criteria is met, then it's a squat bar. If the squat bar is on highs then a red dot will show up and if it's on lows then a green dot will show up. Does that make it a signal? No. It's simply indicating the bar matches some quantifiable criteria of well known VSA bars (e.g. thrust/shakeout, squat, stopping, effort to rise, etc).

What you choose to do with that info is entirely up to you, but it is definitely not a signal to take a trade. Like tech said, it's putting those dots together that makes a story out of the chart, and that story is your signal generator.

 

[sinner]

2 pages worth of google results for Nick Radge discussing stopping volume on ASF:

https://www.google.com.au/search?q=...dge"+site:aussiestockforums.com+inurl:/forums

 

[boofis]

2 pages worth of google results for Nick Radge discussing stopping volume on ASF:

https://www.google.com.au/search?q=...dge"+site:aussiestockforums.com+inurl:/forums

Thanks for teaching me how to structure a good google search!

 

[fiftyeight]

GB has never been profitable? This is interesting as when I first started posting GB felt compelled to PM me and send me a graph of his equity curve (I assume as it was not labeled)

I really need to learn how to google after looking at your search sinner

 

[Trembling Hand]

Would of been a back test of know data. Curve fit guru,