5 Trading Scams To Avoid With @AlgoTradingWithKevinDavey

[joeyjo-jojuniorshabadoo]

I ran tests with Heikin-Ashi bars as indicators of price direction but the algorithm looked at regular candles as well. Nevertheless, my implementation did MUCH worse than my momentum/reversion to the mean algorithms. By the time heikin-ashi bar turns red from green indicating a change in direction, the price might be already lower than the entry price for example (actually, same goes for just looking at the direction of moving averages).

[oliverpolden]

It is perfectly possible to indefinitely have "winning" days, but only if you're counting closed trades (and again this is only possible on sim/paper accounts). A lot of "copy this trader" systems can suffer from this, the platform itself could be legitimate, but traders that put themselves up to be copied only close profitable trades and have long running losing trades that are orders of magnituted larger than their closed profits. Their "performance" looks great because it's only based on closed trades.

[samir]

Good work on the analysis, this should be viewed by many