Winning the Loser's Game: Timeless Strategies for Successful Investing (Charles D. Ellis, 1998)

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Investing is not entertainment - it’s a sober responsibility and not suppose to be fun

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MT4 Expert Advisor Full Script for Martingale & Grid Express in Less than 50 Lines of Code

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EA automated trading using Martingale and Grid strategy If you have found this it is likely that you already understood what is this trading strategy. Basically the script will decide on a direction using previous high and low with relative strength indicator (RSI). Once the direction is decided, the script will make a order (either buy or sell) at the designated lots. Every time a trade is made, the script will calculate the take profit price point for all open orders to ensure profitability. If the first order hit take profit, the trade ends and the script will restart. Otherwise, once the live price hit the previous price + pip step, it will open a new trade provided if it is not within the same time bar. The newly opened lot will be in an multiplier according to the LotExponent. It will continue to open trade and draw down till the new take profit is hit. There are many variants of this script but I have simplified it to only 50 lines with the following benefits. If your server is ...
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Technical Analysis of Stock Trends (Robert D. Edwards, John Magee, 1948)

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What is technical analysis? It refers to the study of the action of the market itself as opposed to the study of the goods in which the market deals.  The science of recording, usually in graphic form, the actual history of trading (price changes, volume of transactions, etc.) in “the Averages” and then deducing from that pictured history the probable future trend. Basic Tenets (and Dow Theory) The Averages Discount Everything (except “Acts of God”). The Three Trends. The Primary Trends. The Secondary Trends. The Minor Trends. The Bull Market. The Bear Market. The Two Averages Must Confirm. “Volume Goes with the Trend”. “Lines” May Substitute for Secondaries. Only Closing Prices Used. A Trend Should Be Assumed to Continue in Effect Until Such Time as Its Reversal Has Been Definitely Signaled. Head and shoulder with complex head Right angle triangle = continuation Boardening top = reversal The importance of the spike is highlighted by The strength and length of the action which prec...
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Bollinger on Bollinger bands (John Bollinger, 2001)

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Continuous advice doesn't work Keltner buy line + Keltner sell line = Keltner bands Keltner buy line: 10-day-moving-average typical price + 10-day moving average (high-low) Keltner sell line: 10-day-moving-average typical price - 10-day moving average (high-low) Bomar band Upper band = 85% of data above the average for the past 250 periods Middle band = 21-day moving average Lower band = 85% of data beneath the average for the past 250 periods. Bollinger Bands were born in 1983 The key to Bollinger Bands is volatility BandWidth is most useful for identifying the Squeeze (Upper BB - lower BB)/middle BB Use the Squeeze as a setup Bollinger Bands can help clarify Ws Tops are more complex than bottoms; hence they are harder to diagnose 3 pushes to a high is a very common formation Low volatility begets high volatility and vice versa Avoid collinearity Volume indicator formulas One balance volume = volume + the sign of the change Volume-price trend = volume + percentage change Negative ...
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