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Having read Shipman, Covel and Malcolm Pryor's books I've been trying to find good charting sites which use the ADX indicator which can also alert for stocks, e.g. select all S&P500 stocks with an ADX >=30.
I want to try some of the strategies in these books using simulators before taking the plunge with real cash. I wanted to wait before signing up to a monthly subscription, at least until I've actually started betting.
While I'm at it, where would you find a back testing feature for new strategies?
Can anyone help?
You will lose all your money with that approach. Trust me, I do this stuff for a living. Reading a couple of books like this and thinking you can make money on the markets is a bit like reading a golf book and thinking you could then earn a living beating other gold pro's.
I couldn't agree with you more lemur. I'm staggered that people think that if they read a few books or attend a weekend course they will be able to "play the markets" and make money. Why not get a few more books and have a stab at open heart surgery or particle physics while you're at it!
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