Louis, For what it's worth, my advice would be to simplify your life and just use end of day data. Even if you do eventually develop what appears to be a strong strategy, intraday trading is probably not the best approach for a new trader.
An inexperienced trader will often not have the maturity to control their emotions and to stick to their strategy during live trading. Using end of day data, your trades will take place at a much slower pace, thereby giving you a chance to control your emotions and make better decisions. There's no point in developing the holy grail only to lose all your money because you couldn't stick to the plan. If it's high frequency trading that you are attracted to, try swing trading, holding positions anywhere from 2-3 days to 2-3 weeks, until you're ready for intraday. There are many published strategies, most of which are now of limited use since they are so well known and no longer represent an ineficiency in the market. Still, they can act as a starting point to get an idea of what types of things used to work. Run backtests on them, using different money management techniques, and get a feel for how large an impact money management can have on your end results. Careful money management can turn a moderate strategy into a high performing one. Similarly, run walk forward optimizations on them and get a feel for how reoptimization can give new life to a slowing strategy. Combine techniques of known strategies to produce your own. Look for a consistent performer, if even only a moderate one, before trying to hit the jackpot. A moderate, consistent performer can be leveraged by trading on margin. Finally, if you don't already have a large sum to trade with (i.e. in the hundreds of thousands), you're not likely to be making a living from this any time soon. So, don't quit your day job :) Mike --- In [email protected], "Louis P." <[EMAIL PROTECTED]> wrote: > > Hi, > > I was only wondering... Anyone actually making money or making a living > with AB and trading? > > I've been working on ideas and plans for over 7 months now and didn't find > anything convincing yet. I've been searching daily data, then hourly, > 15-minute and now I am into 1-minute data and nothing seems satisfying. > Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems to work. > > So... Anyone is making consistent money with this, and if so, at which > timeframe and how do you do it? > > I'm beginning to think about switching to tick database; it seems even > 1-minute is too slow for intraday trading. Anyone making money with > 1-minute? > > Thanks, > > Louis >
