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Members:
I put this partial post from another trading list I'm on. I decide to put
this here to see what this list thinks of these remarks. Seems to me that
there people out there that somehow believe they can take the gamble out of
trading through more sophisticated trading methods. Maybe there are people
out there taking our money trading against our indicators we use in TS. Has
technical trading already moved to a higher level than TS can offer and
when our indicators work and make us money are we really just considered
lucky by some and doomed long term.
Robert
>From another list a partial post;
Simple gambler functions like RSI, stochastic (which, incidentally, comes
from the Greek "stokhazesthai," meaning "to guess at"), and the like will
be
difficult to find until we and various users write them. However, there
will be no shortage whatsoever of truly valuable functions from many
sources
.
No one makes money over the long term using popular indicators, except by
chance. They work in back-testing only with optimization that matches them
to what happened in the past. They work in the future only in fantasies.
They are great for gambling. They are great for professionals trading
against those who use them. They are worthless to anyone trading with them
for income.
As those who don't already know learn the truth of what I just said through
the loss of hard-earned money, they will be ready to advance to
professional
tools that actually work. When they are, TradeLab and VB will support
almost any advanced market analysis tool imaginable.<
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