Trading System Junkyard

[beginner_av]

Here are some itsy bitsy stuff available from other places.

http://www.investopedia.com/university/systemcoding/default.asp

Dont know if it will ever be helpful to anyone. Would anyone care to comment on this?

 

[beginner_av]

blah blah blackbox
have you any trade?
yes sir yes sir
only to fade
coded by the master
with a great head
but if you dare to trade it
you will be dead!

copyright: Beginner_av 2008-infinity

 

[beginner_av]

Larry Williams paraphrased

Systems make money, Traders dont

 

[beginner_av]

Now that the man knows how to fish, would someone care to show him (and me) how to build the boat?

 

[biyasc]

blah blah blackbox
have you any trade?
yes sir yes sir
only to fade
coded by the master
with a great head
but if you dare to trade it
you will be dead!

copyright: Beginner_av 2008-infinity

great av .....

 

[rkkarnani]

blah blah blackbox
have you any trade?
yes sir yes sir
only to fade
coded by the master
with a great head
but if you dare to trade it
you will be dead!

copyright: Beginner_av 2008-infinity

Hilarious and so true in most cases !!!!!!!

 

[beginner_av]

What should be the first step in system development?

 

[SGM]

Wow, another Gaint Thread from Abhijit and this one for Building Systems from the Scratch , thats just gr8 and as usual a nice name to go with this too.

What should be the first step in system development?

We should start with a Premise, lets say for e.g. the premise is

Prices have a tendency to trend beyond random

Looking forward to gr8 learning experiance.

Regards
Sanjay

 

[beginner_av]

Thats good SGM. Lets take that as a starting point. What would you do next?
On the side Sanjay, why and how did you come to that premise (for discussion purposes)?

 

[SGM]

Hello BAV

As you said its just that, a starting point.

As to why and how about the premise, simply because it serves our purpose

For now its just a premise and at this stage we don't consider it as a fundamental truth. Inspired by the commonly available literature we assume prices do trend. During the course of the system development we should be open to discover either it may not be so or we cant really use it to trade.

What do we do next?

Define everything, like whats a trend, when we say its up, down, start, end etc.

BTW for Trend we must have a timeframe

Regards,
Sanjay