Quote from: Goomboo on May 25, 2013, 02:13:27 PM

Throughout my life, I have found that the true masters of fields are those who are able to express advanced concepts in terms that the common person can understand. Trading is no different. Without fail, the most successful traders I have met have been those who are able to take their decades of experience and logically present their method in less than 30 seconds to the listening ear.

The serious trader should ask himself if his method actually makes sense.

To my mind that's the key!!!! I'm a student (electronic PHD) and I have many teachers almost all are doctors (8 years or most studying a specific field). You cant understand some of them even if they say they are detailing something very simple and easy but they take 1 hour to explain it. Others always start with Look its very simple and can detail something way more complex in 2 minutes.

In our case if your trading system is easy to understand then that dont mean that he is to simple for trading but that this system make sense. Thats all. And with sense youll be able to keep trading even in a 7 loss row and keep your feelings apart.
If your system is too complex youll have much more chances to be confused and lost.

Im just a trader for 15 days now so I cant really speak with my experience but Ive elaborated a bit the EMA system:
Ive added a warning message (python bot) when I have BTC (that mean the EMA 10 is over the EMA 21) which calculate the differentiation of the EMA 10 (a*x+b function) if a<0 then the bot send me a message like look at BTC price. This does not enter in the trading system Ive just added it as a warning because Ive noticed that under a certain a coefficient the market tend to be short quiet often.

With this method I can trade using a Hourly based EMA. And by the way Im also considering to use 2 EMA base or more in the trading system. Like checking on a 4-hour base to have the trend of the market and selling when the 1-hour base EMA are crossing. Is it an admissible idea?^^ I suppose youll tell me to back test this method. I tried to do so but failed when I needed to use Ninjatrader :/ is any one able to supply me some help or documentation on back testing using ninja or any other tool?

Eventually, on 10 days of active trading I made 3 full trades (USD->BTC->USD) and I had 6.7% profit, -4.3% loss, 7% Profit: ~9% of profit (including the Mt. Gox fees), Im definitely a Pro trader^^ (just kidding). But I never though that trading would be following a system and keeping away information influencing the price of BTC and I support this now Wink