(binned per thread starter's request) MoneyZilla replies to Frien

IQ just 75. Sir, do not seriously takens with me!

This is reply to VEEFX post 149 (http://www.forexfactory.com/showthread.php?p=9117617#post9117617) in How to predict markets, Catch the moves at value (http://www.forexfactory.com/showthread.php?t=605011) tread, which tread has a GREAT VALUE, in my opinion.

I have being going through this wonderful tread like four times already. Did not like to enter into a discussion with VEEFX, cause it is out of the tread's topic. So, here I am explaining the beauty of my original suggestion - adding trades in the behind and making them heavier with every next trade. Something VEEFX did not like and thinks it is wrong. Is it wrong? We shall now see this...

For a first time in my life I traded Gold this approach. The detailed report file (xauusd-hedge-01.zip) (http://www.forexfactory.com/attachment.php?attachmentid=2009362&stc=1&d=1472914317) can be found at the bottom of this reply. On 29 Aug I opened my counter trend buy basket. The pip-step in between the buy trades in ahead/behind was set to 1 USD. That was my first and very very dear mistake I made. I should have set the distance in between the buy trades to be at least 3 USD, instead (I call it 30 pips, but my EA developer told me I am the only person he knows about to measure Gold pips this way, anyway). If I have been able to set the buy trades distance to 3 USD instead of 1 USD, I would have had multiple wonderful exit opportunities. By exit, I mean to exit at profit. Just about any time when the price returned to 1310-1313 levels on 31 Aug and 02 Sep. But because my IQ is just 75, I had to figure out something else... I am attaching the expert log's details for this buy basket 1323.20. The closure is at the bottom. On the image you can see it was closed like almost 2 USD BELOW the opening price and like 4 USD BELOW the highest buy trade opened on 31 Aug.

29 Aug 2016 (Buy basket at 1323.20)
0 16:55:51.911 FX4 6.80 XAUUSDpro,M15: Creating TL2 buy basket
2 16:55:52.031 FX4 6.80 XAUUSDpro,M15: open #18162328 buy 0.08 XAUUSDpro at 1323.20 ok
2 16:55:52.168 FX4 6.80 XAUUSDpro,M15: open #18162329 buy stop 0.01 XAUUSDpro at 1324.08 ok
2 16:55:52.293 FX4 6.80 XAUUSDpro,M15: open #18162330 buy stop 0.01 XAUUSDpro at 1325.08 ok
2 16:55:52.373 FX4 6.80 XAUUSDpro,M15: open #18162331 buy stop 0.01 XAUUSDpro at 1326.08 ok
2 16:55:52.480 FX4 6.80 XAUUSDpro,M15: open #18162332 buy stop 0.01 XAUUSDpro at 1327.08 ok
2 16:55:52.576 FX4 6.80 XAUUSDpro,M15: open #18162333 buy stop 0.01 XAUUSDpro at 1328.08 ok
2 16:55:52.723 FX4 6.80 XAUUSDpro,M15: open #18162334 buy stop 0.01 XAUUSDpro at 1329.08 ok
2 16:55:52.810 FX4 6.80 XAUUSDpro,M15: open #18162335 buy stop 0.01 XAUUSDpro at 1330.08 ok
2 16:55:52.910 FX4 6.80 XAUUSDpro,M15: open #18162336 buy stop 0.01 XAUUSDpro at 1331.08 ok
2 16:55:53.045 FX4 6.80 XAUUSDpro,M15: open #18162337 buy limit 0.10 XAUUSDpro at 1322.08 ok
2 16:55:53.375 FX4 6.80 XAUUSDpro,M15: open #18162338 buy limit 0.14 XAUUSDpro at 1321.08 ok
2 16:55:53.469 FX4 6.80 XAUUSDpro,M15: open #18162339 buy limit 0.18 XAUUSDpro at 1320.08 ok
2 16:55:53.560 FX4 6.80 XAUUSDpro,M15: open #18162340 buy limit 0.23 XAUUSDpro at 1319.08 ok
2 16:55:53.660 FX4 6.80 XAUUSDpro,M15: open #18162341 buy limit 0.30 XAUUSDpro at 1318.08 ok
2 16:55:53.751 FX4 6.80 XAUUSDpro,M15: open #18162342 buy limit 0.39 XAUUSDpro at 1317.08 ok
2 16:55:53.845 FX4 6.80 XAUUSDpro,M15: open #18162343 buy limit 0.50 XAUUSDpro at 1316.08 ok
2 16:55:53.936 FX4 6.80 XAUUSDpro,M15: open #18162344 buy limit 0.65 XAUUSDpro at 1315.08 ok
Closed at 02 Sep 2016
0 12:29:22.033 FX4 XAUUSDpro,H4: $$$$$$$$$$$$$$$ - Closing level 1323.08 at TP
0 12:29:22.033 FX4 XAUUSDpro,H4: $$$$$$$$$$ -- CLOSING LEVEL -- Current TotalPl: 872.70, (of which PLSlave is: 0.00)
0 12:29:22.033 FX4 XAUUSDpro,H4: Opening a hedge for LEVEL: 1323.08
2 12:29:22.236 FX4 XAUUSDpro,H4: open #18179091 sell 2.59 XAUUSDpro at 1321.19 ok

To fix the small pipstep mistake, I have decided to open a second buy basket, although it was a major mistake made already and my chances for fixing it were getting down. It was kind of an opportunity was missed for me... But I gave it a try. So, here is my second buy basket opened on 31 Aug at 1306.29. That one was closed at profit, above the most highest trade opened. This is classic closure. In direction. I kind of disrespect it. And this is our major argument with VEEFX. I think the logs and the images does not need any special explanations why VEEFX is most likely not right to label my system the way he did.

31 Aug 2016 (Buy basket at 1306.39)
0 12:51:05.092 FX4 XAUUSDpro,H1: Creating TL2 buy basket
2 12:51:05.167 FX4 XAUUSDpro,H1: open #18170583 buy 0.08 XAUUSDpro at 1306.39 ok
2 12:51:05.249 FX4 XAUUSDpro,H1: open #18170584 buy stop 0.07 XAUUSDpro at 1307.29 ok
2 12:51:05.515 FX4 XAUUSDpro,H1: open #18170585 buy stop 0.06 XAUUSDpro at 1308.29 ok
2 12:51:05.616 FX4 XAUUSDpro,H1: open #18170586 buy stop 0.05 XAUUSDpro at 1309.29 ok
2 12:51:05.683 FX4 XAUUSDpro,H1: open #18170587 buy stop 0.04 XAUUSDpro at 1310.29 ok
2 12:51:05.762 FX4 XAUUSDpro,H1: open #18170588 buy stop 0.03 XAUUSDpro at 1311.29 ok
2 12:51:05.824 FX4 XAUUSDpro,H1: open #18170589 buy stop 0.02 XAUUSDpro at 1312.29 ok
2 12:51:05.887 FX4 XAUUSDpro,H1: open #18170590 buy stop 0.01 XAUUSDpro at 1313.29 ok
2 12:51:05.948 FX4 XAUUSDpro,H1: open #18170591 buy stop 0.01 XAUUSDpro at 1314.29 ok
2 12:51:06.312 FX4 XAUUSDpro,H1: open #18170592 buy limit 0.10 XAUUSDpro at 1305.29 ok
2 12:51:06.417 FX4 XAUUSDpro,H1: open #18170593 buy limit 0.14 XAUUSDpro at 1304.29 ok
2 12:51:06.495 FX4 XAUUSDpro,H1: open #18170594 buy limit 0.18 XAUUSDpro at 1303.29 ok
2 12:51:06.559 FX4 XAUUSDpro,H1: open #18170595 buy limit 0.23 XAUUSDpro at 1302.29 ok
2 12:51:06.657 FX4 XAUUSDpro,H1: open #18170596 buy limit 0.30 XAUUSDpro at 1301.29 ok
2 12:51:06.971 FX4 XAUUSDpro,H1: open #18170597 buy limit 0.39 XAUUSDpro at 1300.29 ok
2 12:51:07.058 FX4 XAUUSDpro,H1: open #18170598 buy limit 0.50 XAUUSDpro at 1299.29 ok
2 12:51:07.135 FX4 XAUUSDpro,H1: open #18170599 buy limit 0.65 XAUUSDpro at 1298.29 ok
Closed at 02 Sep 2016
0 12:23:43.484 FX4 XAUUSDpro,M5: $$$$$$$$$$$$$$$ - Closing level 1306.29 at TP
0 12:23:43.484 FX4 XAUUSDpro,M5: $$$$$$$$$$ -- CLOSING LEVEL -- Current TotalPl: 779.71, (of which PLSlave is: 0.00)
0 12:23:43.484 FX4 XAUUSDpro,M5: Opening a hedge for LEVEL: 1306.29
2 12:23:43.578 FX4 XAUUSDpro,M5: open #18178989 sell 0.79 XAUUSDpro at 1316.23 ok

Finally, I decided to hedge the buys when the rate is gonna go higher up. I have opened a sell basket on 1 Sep at 1314.89. That one was closed like 4 USD BEHIND the opening trade and about 14 USD BEHIND the most distant sell trade opened down there! And it was still closed at profit VEEFX. How about that? Can you close at -140 pips at profit? I am sure you can. Just consider my words better. Think twice before speaking. Not attacking you. Only defending myself and my position...

01 Sep 2016 (Sell basket at 1314.89)
0 15:04:19.697 FX4 XAUUSDpro,Daily: Creating TL2 sell basket
2 15:04:19.849 FX4 XAUUSDpro,Daily: open #18177353 sell 0.08 XAUUSDpro at 1314.89 ok
2 15:04:20.081 FX4 XAUUSDpro,Daily: open #18177354 sell limit 0.10 XAUUSDpro at 1316.90 ok
2 15:04:20.285 FX4 XAUUSDpro,Daily: open #18177355 sell limit 0.14 XAUUSDpro at 1318.90 ok
2 15:04:20.509 FX4 XAUUSDpro,Daily: open #18177356 sell limit 0.18 XAUUSDpro at 1320.90 ok
2 15:04:20.732 FX4 XAUUSDpro,Daily: open #18177357 sell limit 0.23 XAUUSDpro at 1322.90 ok
2 15:04:20.975 FX4 XAUUSDpro,Daily: open #18177358 sell limit 0.30 XAUUSDpro at 1324.90 ok
2 15:04:21.202 FX4 XAUUSDpro,Daily: open #18177359 sell limit 0.39 XAUUSDpro at 1326.90 ok
2 15:04:21.431 FX4 XAUUSDpro,Daily: open #18177360 sell limit 0.50 XAUUSDpro at 1328.90 ok
2 15:04:21.661 FX4 XAUUSDpro,Daily: open #18177361 sell limit 0.65 XAUUSDpro at 1330.90 ok
2 15:04:21.905 FX4 XAUUSDpro,Daily: open #18177362 sell stop 0.06 XAUUSDpro at 1312.90 ok
2 15:04:22.124 FX4 XAUUSDpro,Daily: open #18177363 sell stop 0.05 XAUUSDpro at 1310.90 ok
2 15:04:22.366 FX4 XAUUSDpro,Daily: open #18177364 sell stop 0.04 XAUUSDpro at 1308.90 ok
2 15:04:22.629 FX4 XAUUSDpro,Daily: open #18177365 sell stop 0.03 XAUUSDpro at 1306.90 ok
2 15:04:22.877 FX4 XAUUSDpro,Daily: open #18177366 sell stop 0.02 XAUUSDpro at 1304.90 ok
2 15:04:23.155 FX4 XAUUSDpro,Daily: open #18177367 sell stop 0.02 XAUUSDpro at 1302.90 ok
2 15:04:23.412 FX4 XAUUSDpro,Daily: open #18177368 sell stop 0.01 XAUUSDpro at 1300.90 ok
2 15:04:23.714 FX4 XAUUSDpro,Daily: open #18177369 sell stop 0.01 XAUUSDpro at 1298.90 ok
Closed at 02 Sep 2016
0 14:18:22.386 FX4 XAUUSDpro,H4: Closing all trades for XAUUSDpro. Closed by CloseAllButton. TotalPl: 507.77, OfWhichPlSlaveIs: 0.00, Range: 132 pips
0 14:18:22.386 FX4 XAUUSDpro,H4: Alert: Closing all trades for XAUUSDpro. Closed by CloseAllButton. TotalPl: 507.77, OfWhichPlSlaveIs: 0.00, Range: 132 pips
0 14:18:22.386 FX4 XAUUSDpro,H4: Opening a HEDGE TOTAL trade. Type: 0, LotSize: 1.53, BuyLots: 0.000000000, SellLots: 1.530000000
2 14:18:22.495 FX4 XAUUSDpro,H4: open #18182370 buy 1.53 XAUUSDpro at 1319.50 ok

Here is the report file, in case VEEFX wants to see how adding trades from the back does not seem to be a good idea. Actually, this is exactly how one must hedge, by closing the buys and the sells into a different times.

Last, but not least, I disagree with VEEFX position where you add in the winning direction and increase the lot size while you are adding. Why? Cause when the rate turns against you, your most heavy trades are the most distant ones, adding the most of the DD you will end up in. And it is almost impossible to recover, unless the rate goes back to your direction. While my approach works the other way around! When the rate goes against me, my heaviest trades are the closest ones and my lightest trades are the more distant ones, not affecting my DD very much. And I need about 25% retrace, to just break even. It is kind of a long topic and what was said already is enough for someone with an IQ of 75 to understand it. So no more explanations are necessary on that.

Peace, VEEFX. No offence meant. Writing from an iPad. Cannot properly edit posts.

Impressive outcome. I respect that kind of numbers. Especially the -5% DD is really what catches my attention.

I just wanted to demonstrate how one can close a basket like -140 pips BEHIND the first trade, having overall 5 losing trades in -140 pips range and how the 4 winners, which had a winning range of +100 pips, made it up to +$500 net profit. Kind like, the direction really does not matter, in a way.

One can close a winning sell basket in up movement. The -50 pips comment I made, which ignite your aggressive comment. Well, my IQ of 75 told me to write a table with numbers and it turned out, it is like that. You did not like this "magic". Next time, I suggest, you check it within an excel file, before making a statement like that. If you would not be so aggressive in your "magic" comment, I would have not bother to reply to you. The lack of thinking just stunned me. Sometime having a smaller IQ is BETTER, cause I try to use it up to the maximum. While you guys, with the twice as higher IQs seem not to think, when it is absolutely required for you to think before speak...

Once (2014) I traded similar way to yours. In the very begining I just followed the slopes. Adding in front and behind, steady following the direction. Made like 40k for 3-4 months. Then decided to automate trading. Lost -105k while "automating" it... Now after 3 years of EA's development and a total overall investment (including the net loss of -65k) in between 130k and 150k, I finally have learnt how to hedge right. Some trend lines, too.

great thread. I will try this kind of money management/ strategy.

Did not had much time today for trading. Here is a quick recap of the day.

Traded Gold same approach, this time fixed the trades distance pip step to 3 USD in between two trades, ext. But made a mistake with the number of trades BEHIND the back. It should have be bigger than 8. So I had to open a second sell basket. To cover the first one, when the rate passed the last sell trade of the basket. That is a major mistake, btw. Not good. On the top of that, the stupid Windows wanted a reboot. Granted it. Then two stupid MT4s, when restarted, deleted my trades arrows, which were important for the visual example. Also, I forgot 60 pips as TP on the buy basket and totally screwed the buy basket up, cause it did close twice at TP. The third time the TP target was set to 270 pips or something. It is kind of I do not have a buy basket. Kind of useless. It will become worthy when the rate falls more and then returns up again. Kind of things were slightly screwed up everywhere. Anyway.

Have not measured the exact pips, but the rate was moving up around 270 pips. One direction. From my first sell trade. It did not open any sell trades from AHEAD (below the first sell trade at 1325.85). Then from around 1353 the rate fell like 90-100 pips. I have two screenshots, showing the equity at the bottom. Started at equity of 14,707, now is 15,300+. Take a good look at the dashboards of the three baskets (two sell and one buy). P/L and other details. Avg prices of live/pending trades, ext. So, I am at SOME profit being about -180 pips from my entry sell trade at 1325.85. All trades are sell trades that follow from behind... One needs just 30% retracement or whatever they call this behavior, to get into the profit zone, while the rate goes "the wrong" direction (trading mostly sell trades in a long movement?!?)?!? It does seem, there might not be "wrong direction"... the same way, as in porn, there are no wrong holes!

I am lazy to describe it all in details, so those of you who are eager to explore it or reverse engineered it, please fell free to do so.

Shortly put, I had 4 chances to almost make 100% of the account size at each of the times. Being a stupid trader, at the end it led only to what you can see on the attached images and the whole detailed report from 1 Sep 2016 (xauusd-hedge-09.2016-01.zip) (http://www.forexfactory.com/attachment.php?attachmentid=2027895&stc=1&d=1475080372). Only 50% added to the account instead, unfortunately.

I have learn some things out of my wrong trades distribution during my first four tries. Now properly setting it all up. The problem now is I have to wait a week or two for some action and the profits are so small... Anyway.

This is now with the gold. When placed properly, somehow the drama is no more. So does the profits. They both are very low...

I will wait 2 weeks for the rate to move on and when it does make 50% correction, I will jump on on it and close down what the rate offers (as profit)...

Here is the EA that can hedge and close multiple trades. It locks down the profit. And closes all trades at the desired spread value.

Thanks MoneyZilla,

Been reading your posts. You bring lot of value and also people have to understand that there are multiple views to look at something.

You are one person with a different view which is valuable indeed!!!

BEHIND ....behind...behind...behind

you like the word behind because that is what your trading is behind. Not many viewers download your EA and your basket trading does not work. Here is your basket:
http://www.flickriver.com/photos/hanan/147112635/

hahahahaha!!! Very good basket! iLik(e)It!

That's how trading goes for me nowadays...

Today, billyt (http://www.forexfactory.com/billytt) chiken (avatar is chicken, i not fault!), teach me how to make big money from forex!
From Day BreakOut! Every day?
Yes! Every Days!
Soon iRich! I plenty excited! Yes!

Attached Image (click to enlarge)

Hi MZ,

Would you like to explain more about the Zig Zag counting? I am afraid that if we discuss there, it might distract the thread purpose. Thanks in advanced!!

hey Moneyzilla,

where i can get info about that EA Trendzilla fx4 6.81? also a way to download it as well? let me know

this is some typical high risk daily trading. maybe not so typical anymore, but it was quite recent. 2.5 days of waiting:


this is daily which went wrong (high up to a weekly trading), unfortunately. equity of 40% remained at the lowest DD section. 6 biz days of waiting:


this was supposed to be low risk, monthly, but it went wrong, too. missed the first TP opportunity of +1.7k, by the end of the second week. went down in equity DD of -30% (although the balance shows -48%, the equity DD was just -30%), closed at 50% return. was mad at the high DD value. 4.5 weeks of waiting:

Wrong strategy execution, due to too many baskets look up loop. MT4 terminal is stucked most of the time. Flip set at 10 pips (insanely agressive!). Many baskets flipped 100+ pips instead, entering a new choppy area and making 33 flips, absolutely unneccessary! That glitch in precise caused the ultra high DD of -8k. EQ DD -8k. Profit 8k. Shitted in my pants while monitoring this... I wonder what would happen if the strategy was properly executed?!? I guess, significantly less dd with higher profit...

The daily trading style is probably looking behind the next corner. Comming closer. On Monday we will discuss compound lot for all baskets possibility. That will solve the overload issues I am facing on an hourly base...

last session data (-8k/+8k):


so far +190% from 24.8 till 8.9. not exactly what i am looking after, but i am probably approaching something i can live with:

Ok so I think I'm sort of getting your strategy, do you start your baskets from a breakout position? do you keep a sl or does the other baskets naturally cause a sl?

Breakouts (BO) are wonderful. They are a lot better approach than buy/sell the same level hedge.

Take it from there! BOs are big step forward! Now all you have to do is to flip the losers in a gentleman style!;-)

BOs are my second best overall strategy. You almost shot me dead!

Very funny video! Read the describtion on youtube, prior to watching!
http://youtu.be/dbojJUdyNVA

fxblue link for the funny trading. (https://www.fxblue.com/users/fastmillion). enjoy the funny show!

However, it did inspire me to do something more agressive. In a cent demo. Spread 5-6 pips. On gold. I believe (belief=ignorance), it is doable on live. Hedged with flips. Closed 20.7k usc. It is nothing impressive, but it is my first step towards such bold earnings. In the worst case I can double a 200k usc account within 2-3 weeks or so. Not a bad plan B. Plan A is to try to make a million a day! hahahahah!

seriously, this is completely doable, legally doable, it will take me about 100 to 1,000 tries (to master it!). the guy on the video is really funny, and he admits this scalping cant happen on a live account, but it is doable with hedging, tp 60 pips. no broker can say anything against this. ever. and as we can see, at tp 60 pips, the spread does not really matter. any broker would be just fine...