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-   -   5 years and still no strategy (https://www.forexfactory.com/showthread.php?t=656830)

gabjo May 18, 2017 2:31am | Post# 1721

I totally agree with keep clean, trading is a business that needs to be mastered, and mastering a strategy takes lots of discipline... you need to understand charting pattern and also watch out for consistence pattern since history repeat itself.

I have been dealing with emotional trading and I seems to have fund a simple Technic that will help overcome losses

Steps

1. Reduce your leverage to 1:50
2. watch out for recognizable patterns
3. Follow the trends
4. try and recognise breaks in trend pattern...
5. Reduce entry volums...

follow this simple steps and you will be successful in building a successful trading pattern

Cheers...

Kanzler May 18, 2017 2:38am | Post# 1722

{quote} Lets hear it. Everyone is talking whatever shit is on their mind on this thread so don't be shy. This thread is stuck in a range so perhaps you could kick it off into another round of meaningful conversation.
Don't count on it. His sole purpose for registering at FF is to enlighten us as to how hopelessly stupid we are.

jmn5611 May 18, 2017 2:49am | Post# 1723

{quote} Yea, but you still get up early, get on the train, and go to work. Still a job.
Amen, I just got up out of my bed, and headed to my pc. Time to get to work.

yousername May 18, 2017 2:49am | Post# 1724

{quote} If you are trading to pay the bills then don't trade. You will not succeed. Trading is not a job. A job is slavery so is a mortgage so is rent. Most of people's lives suxs because they are slaves to money. Trading is like looking in the mirror and seeing all the flaws you have as a person.
I trade to fuck the world like I owned them. How about that Ronda? Does it sound like a good motivation?

jmn5611 May 18, 2017 2:55am | Post# 1725

{quote} Trading is not a real job. It's a pie in the sky, piped dream, fantasy that some work on to try to solve a real problem in heir lives. As an escape from their current condition to something they think will be better... It's total delusion. So you hate your boss, your real job and all the crap that comes with it. Retail Forex is not the solution. ... let's see.. with a real job when shit happens in your life you can take sick days or vacation or work out something with the boss and still get paid ! Imagine in trading when shit happens and...
A job is doing a set tasks in a manner that is set forth by your employer, right?

If you a trader you do a set of task that is set forth by youself. Now if those tasks do not give you the desired results, do not blame the industry, blame yourself. That is like blaming the construction industry because you bought a terrible house at a terrible price, and now you are upside down in it. That is simply dumb, Ming.

yousername May 18, 2017 2:55am | Post# 1726

{quote} so how to achieve it? apart from looking at the fucking mirror which I am so sick of reading :-(
Make amend brother. Like use a trading simulator and try kill your self over and over again. Learn why you died.
I guess he/she meant that.

PayTheLimit May 18, 2017 2:55am | Post# 1727

{quote} Here's mine... Consistency by definition is a measurement of quality of ___??_____ that does not decay over time (or stays within an acceptable margin of +/- variance) __?__ could be monthly income, average loss/win, profit factor, winrate, application of trading plan/rules, etc etc Why trade if we cannot have some concrete expectation of a possible outcome from this endeavor ?
Sorry man, I don't know what any of that means....

yousername May 18, 2017 2:56am | Post# 1728

{quote} A job is doing a set tasks in a manner that is set forth by your employer, right? If you a trader you do a set of task that is set forth by youself. Now if those tasks do not give you the desired results, do not blame the industry, blame yourself. That is like blaming the construction industry because you bought a terrible house at a terrible price, and now you are upside down in it. That is simply dumb, Ming.
Sane, wise!

hilmy83 May 18, 2017 2:57am | Post# 1729

1 Attachment(s)
{quote} Consistency is hard to achieve however it is a requirement to succeed in trading. You can have shit day at work and still get paid. You can be sick at work and still get paid. But if you have a shit day at trading you get wiped out.
tru dat.

on the flip side, i have to be somewhat presentable and act decent while at work. but in trading, i can jack off to ebony porn in bed and still pull off thousands

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jmn5611 May 18, 2017 2:57am | Post# 1730

{quote} Consistency is hard to achieve however it is a requirement to succeed in trading. You can have shit day at work and still get paid. You can be sick at work and still get paid. But if you have a shit day at trading you get wiped out.
You don't get wiped out if you have ANY kind of clue as to what you are doing. No, you do not get paid every day. But you will get paid at some point. Do you know any commission based real estate agents?

yousername May 18, 2017 3:03am | Post# 1731

{quote} i am into algo trading so getting there...whats missing is deep machine learning and we cant do that in a rigged market... plus big data :-(
Inserted Video

yousername May 18, 2017 3:07am | Post# 1732

{quote} Darwin said it is not the strongest or the most intelligent that survives, it is the one that can adapt. If your algo cannot adapt you are doomed.
Please show, demonstrate, sell me your Algo.

yousername May 18, 2017 3:12am | Post# 1733

{quote} Good Video. My son is a rock star in mario brothers.. rules are still static (although a large variation, they are all known and could be learnt from). The obstables and challenges are also all known and programmed and more importantly, they are TIMED. The unknown factor of time when something can happen in FX is a challenge
I was wondering if we;re able to make such FX machine learning algo that can learn particular trading strategy. How could we test it and store the mistakes it learned of the past so it can give the best trade decision?

yousername May 18, 2017 3:21am | Post# 1734

{quote} Account Leverage of 1:1 ? No SL based lot size calculaton? no SL/TP at all? trade MarketInfo(Symbol(), MODE_MINLOT) ? lot size with true/effective leverage of 1 {quote} yes .. we most certainly can learn from our trading stats and evolve out of it {quote} I have a similar technique 'learning' from the quality/success of trade signals and ignoring the ones which don't perform.... but only on a weekly basis... as my laptop runs for 48 hours to come to that decision {quote} I will have to run this model for atleast another 12 months to see...
If you need a VPS I can give you one! I mean borrow with no fee.

yousername May 18, 2017 3:23am | Post# 1735

{quote} i don't trust VPNs
only you and I have the access to it. I have a VPS located in Equinix data center have direct fiber optic connection to FXCM, Forex.com, Pepperstone etc.
For your little project, Forex Machine Learning.
100Gbps internet
4GB RAM, Intel Xeon quad core.

yousername May 18, 2017 3:26am | Post# 1736

{quote}
Yes because it's my VPS
I pay like $200 per month

techboy46 May 18, 2017 3:27am | Post# 1737

There are a lot of expert wannabes and whining traders in any forum and FF is no exception.

yousername May 18, 2017 3:30am | Post# 1738

{quote} Outside of the 'unknown' market events, ML/DL is definitely a possibility but not with CrapT4 platform in within the retail broker framework. we need to go Prime Brokerage
Prime brokerage like who?

jmn5611 May 18, 2017 3:41am | Post# 1739

{quote} http://www.fxall.com/clients-served/active-traders If you are looking for a reliable Prime of Prime, I challenge you to find the one that 1) has a Tier 1 PB relationship; 2) offers post-trade transparency: granular execution reports with timestamps and fill rates; 3) has solid technology to aggregate and for you to manage risk; 4) works with bank liquidity only; 5) offers as much as 1:100 leverage; 6) offers ~100% execution ratio; 7) does not work with the retail fx clients.... from here...
Welp, us yanks are out of that picture.

{quote} we cannot rely on history, we cannot look into the future., we turn our head over and UJ can drop 200 pips in a fraction, north korea farts and shit goes down hill, we place SLs and brokers wont guarantee, we spread trades across pairs, across timeframes, we manage margin, we trade small, we do this, that and everything in between and yet there is no consistency. What is fuck is wrong with this picture?
I have to admit that Oanda really solidified my confidence after the CHF fiasco. They guaranteed all of the stops in that pair.

Mingary May 18, 2017 3:46am | Post# 1740

{quote} If you are trading to pay the bills then don't trade. You will not succeed. Trading is not a job. A job is slavery so is a mortgage so is rent. Most of people's lives suxs because they are slaves to money. Trading is like looking in the mirror and seeing all the flaws you have as a person. And seeing what you have been taught about trading as complete garbage because it doesn't work.
Any way you look at it. Don't call it a job if you want. I don't. Is playing at the black jack table a real job ?
Complete garbage because it does not work is correct.
Pay the rent with a real job, lose money in Retail Forex as a hobby..
Some people like gardening, so they will buy 50 dollars worth of supply to grow 2 tomatoes worth 50 cents. They enjoy gardening ... but better I think, to be the one who gets the 50 bucks (:


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