Dislikedas ive stated many times you can not have a profitable system without one element of descresion.Ignored
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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Dislikedas ive stated many times you can not have a profitable system without one element of descresion.Ignored
Disliked
I'm not saying that there are no 100% mechanical systems that work. Maybe there are although I have never seen one. Whoever has such a system would definitely turn it into an EA and most definitely wouldn't share it on a forum.Ignored
DislikedI've never seen one which is profitable in the long term either, but then again like you say it's unlikely they would ever be openly published, they would be far too valuable.Ignored
Dislikedthe rules of the turtles system i read,allowed some desrecion on which rules within the rules they could use,that to me would be 1 element of descresion,Ignored
DislikedI've never seen one which is profitable in the long term either, but then again like you say it's unlikely they would ever be openly published, they would be far too valuable.Ignored
Dislikedmister me
They were all given the same opportunity,the same rules based system.So why did some turtles make more money than others,and some totally failed?The main reason is because they coudn't or wouldn't stick to the rules.Ignored
Dislikedyes i agree with you,but as i see it ,within the rules ,albeit what instrument to trade and the enrty and exit rules which could be decided by the trader were the diciding factor as to how well each individual trader done.that for me is the element of descresion.
if there was no descresion within that method they would have all got the same resultsIgnored
DislikedI'm touched that you're still following my thread, let me know when you get over your personal issues and i will come change your nappy...Ignored
Disliked9. Nah … dem robotz no good![/b] The EA is losing because we humans can see and feel things about trading … it comes with experience. So let’s forget EA results, forget backtesting, and let’s just trust the thousands of pips reported by the groupies. The system must be good, no doubt!Ignored
DislikedBut lets assume it is 50% win rate going to 1/1 risk to reward... some simple s/r analysis and reading of trend could turn that into a simple consistent strategy.
In fact there is a trading group that trades it on the daily and publishes all its trades and results, and they do very well...
more importantly I believe in it, maybe that's an edge too...Ignored
Dislikedok, some stats...
based on 20,000 instances of the engulfing pattern on daily TF
With no trend or s/r used...
is that an edge on its own? anything over 50% accuracy gets my interest???Ignored
DislikedI follow your thread because I like to see how your system goes through “The life of a trading system on Forex Factory” described in post 1 by LazyPawn.
EA was created so your system now at stage 9
And you want me just to trust 80% win ratio reported by you. The system must be good, no doubt!
Why did you wrote: lets assume and I believe in it? Just write: I make money with 50% win rate going to 1/1 risk to reward and some simple s/r analysis and reading of trend. So who are you? Believer? Money maker? Loser?
Where can I...Ignored
DislikedI follow your thread because I like to see how your system goes through “The life of a trading system on Forex Factory” described in post 1 by LazyPawn.
EA was created so your system now at stage 9
And you want me just to trust 80% win ratio reported by you. The system must be good, no doubt!
Why did you wrote: lets assume and I believe in it? Just write: I make money with 50% win rate going to 1/1 risk to reward and some simple s/r analysis and reading of trend. So who are you? Believer? Money maker? Loser?
Where can I see...Ignored
DislikedNo, discrediting EAs is a scammer teacher's escape route. I can code ALL CLEAR RULES into en EA. If I make an error in coding, or if I can't code a specific rule, then it's my problem. But if I code everything perfectly but the system is not profitable, then it's the system's problem. If that system is given for free, then no harm has been done. But if it has been sold to me as "purely mechanical", then the seller is a scammer. Period.Ignored
DislikedMe.. I'm not spoon feeding anyone anything. Why would I ?
Bob asking like an idiot about SL's... Sorry Bob but ask your momma or Ms. Principal to feed you your pablum.
Dem... No spoons for you either. Learn how to trade. Theirs a thing called Google. Use it and search for engulfing pattern backtests. Yoou might be surprised what you find. But you will probably give up after the first search page.
Turveyed....Decide on a trading system or method and stick to it. Heres a hint get away from your small TF's
Custos...With your purely mechanical...Ignored
Dislikedeeer Dem... we're all waiting for your stats for the week? play the game... it was your idea ?????
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Disliked
You also don't need to find one that will be profitable over many years. You may find something that has been working eg for the last 6 months and keep using it for as long as it works. If it has a losing month, you could ditch it until backtesting shows it's profitable again.Ignored