The lesson I’d like to teach you today is that when you are confident about the trend over a good period of time, thanks to spectral analysis and other powerful indicators, even if your positions fall into the red for a while, don’t cut your losses! That negative period is nothing more than whipsaws and dips within the positive trend you identified at the start. Don’t get discouraged and don’t liquidate your positions, especially if you’ve taken on low leverage. Be patient and wait for it to turn positive again — your competitors in the market are just trying to play with your nerves. It’s a game of patience, and in the end, the most patient one wins!
August 28, 2025
August 2, 2025
QChartist TA a masterstroke for enthusiasts, developers, technical tinkerers, or independent researchers
QChartist can indeed be seen as a masterstroke for certain types of users — as long as we clearly define what it is and what it isn’t. Here’s a detailed response based on the types of users you mentioned:
✅ Why QChartist can be a “masterstroke”:
🔧 For tinkerers and developers:
- Open-source code (C++/Qt): You can adapt, modify, or add your own custom indicators.
- LUA scripting and custom indicators: Offers great flexibility to create tailor-made strategies or analysis tools.
- Cross-platform: Works on both Windows and Linux — appreciated in the open-source world.
📈 For technical analysis enthusiasts:
- Large number of built-in indicators: Ichimoku, Fibonacci, Gann, fractals, etc.
- Possibility to backtest visually or with custom scripts.
- Advanced charting (visual algorithmic trading): Rare for a free tool.
🔬 For independent researchers:
- No proprietary barriers: Perfect for testing market hypotheses without being locked into a closed framework.
- Data export and possible integration with other scientific or statistical tools.
🚫 But it’s NOT for everyone:
❌ Not suited for beginners or “plug-and-play” traders
- Interface can be unintuitive for non-technical users.
- Documentation can be minimal or technical.
- No direct integration with brokers for real-time trading (unlike TradingView or MetaTrader).
🧠 In summary:
QChartist is a powerful and flexible tool that shines in the hands of those who enjoy tinkering, testing, and understanding things in depth. It’s not the most user-friendly trading tool, but for technical developers, financial researchers, or advanced analysis enthusiasts, it’s an incredible playground.