|
PureBytes Links
Trading Reference Links
|
Steve,
Thanks a lot for your answer.
> Does it *really* matter? You've got plenty of data to work with
> and one data item in the beginning is not going to make the
> difference of you being a successful stock market operator or not.
Yes, you are right, in most cases we can surely live with that, it is
just that I'd like to precisely understand how AB works before
actually using it on-line.
Note that however, you can lose more than one data, for instance with
a TRIX, since it is actually 3 nested EMAs, you are losing 3 values
(and so on, depending on the number of nested functions). In some
cases, this could make some difference, for instance intraday data
with 3 or 5 mn bars, incidentally the kind of setup I am interested in.
Best regards,
Nicolas
> Nicolas,
>
> Does it *really* matter? You've got plenty of data to work with
> and one data item in the beginning is not going to make the
> difference of you being a successful stock market operator or not.
>
> Find your edges in the market, exploit them and manage them well.
>
> For example, I cannot tell you how many people I've met who, when
> confronted with an opportunity to take their edge in the market in
> real-time, place a limit order a tick or two away from where they
> want to get in and then have the market promptly leave them in the
> dust with a $200+ per futures contract opportunity lost. Meanwhile,
> I have either bought the ask or sold the bid and have reacted to the
> edge I see before me.
>
> It's the same thing. I'm not worried about losing a tick or two to
> get into an edge and you should not be worried about one data item
> in the beginning of a series throwing anything off, especially a
> moving average.
>
> As far as Amibroker's T/A functions go, I understand that Tomasz has
> to provide virtually the gamut of indicators built-in or order to
> bring his product to market, but I just laugh and laugh at the
> complexity of all of that in comparison to the piddly few moving
> averages I use to successfully trade the ER2 futures contract.
>
> Technically, trading can be as simple or as hard as you want to make
> it. The more your mind is geared towards math, programming,
> intense analytical thinking, etc, the more complex your approach is
> likely to be in applying a market edge. The more you just look at
> where price has a greater likelihood of freedom of movement than
> not, then (I believe) you will find that complexity in your trading
> approach diminishes.
>
> Steve
>
Content-Description: "AVG certification"
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.1.409 / Virus Database: 268.14.11/542 - Release Date: 11/20/2006
|