Thanks,
Don,
That's cool.
Edd
Simple System By T101 - My Thought 18 replies
SIMPLE EA for a simple method needed!! 1 reply
Continuation of T101 method discussions 24 replies
DislikedThat's not realistic. Compounding 5% a day for a year is not possible in reality. In theory is it possible, you're right with your number, but averaging 5% a day for a year, without a significant drawdawn (which would kill the compounding) is next to impossible in the real world.
If you really believe it is possible, then... try, and after a year ask your god where the money has goneIgnored
DislikedDo you like scalping? How about 30 pips a day. That is I think achievable if you have the discipline. Once you got your quota, get out and enjoy the day.Ignored
DislikedYes
30 pips daily
It can be done
But if you trade Basket you can't go for just a few pip
30pips are a poor target
great risks ask for great rewards
When you open a basket trade,you go immediately down 70 pips (avg) for the spreads
So u have to pair this initial loss and aim for an higher target
that's my opinionIgnored
DislikedTo guide us in our Basket Trading, would also appreciate if you guys also post not only your profit but your daily/weekly losses as well. If a scalper could possibly gain consistent 30 pips a day to double his account in 15 trading days, basket trading would then be astronomical. However, if the difference is not that big, then the Criminals will win in the end.
I have not fully discovered Koz/DC's potential method yet because of my problem with my computer locking when I run the Has_Mtf along with the lower and higher TF/T101 1M - 15 TF inspite...Ignored
DislikedYou can take a guess at some other negatively correlated pairs, for instance USDCAD and AUDUSD. Easy to see why there would generally be some negative correlation, in one pair the USD is on top and the other the USD is on the bottom.Ignored
Dislikedhttp://www.forexfactory.com/showthread.php?t=284191
GVC has a thread that uses 8 pairs go here and read how to set up the T101indi and he has the scripts there the way I have the MPTM set up will not work so set trade by magic number to false. Should work but I have not tested
It cuts the memory hogging down for those having problems.Ignored
DislikedIf you hold the trades for less than an hour then the negative correlations are not always the same pairs.
Generally USDCHF trades opposite to EURUSD, but not always, especially when you hold a trade for less than an hour. Today for instance they had a positive 48% correlation over a one hour period. Same for all pairs the correlations are constantly changing.
You can take a guess at some other negatively correlated pairs, for instance USDCAD and AUDUSD. Easy to see why there would generally be some negative correlation, in one pair the USD...Ignored
DislikedHahaha.... Good one Don.
Its so true.
I think there were several Authors in the last quote.
Some that come to mind..... Dali Lama....Muhammad Ali.(LOL)
RegardsIgnored
DislikedGvc,
Note: Begin rant.
Lastly, let me remind everyone that Goldman Sachs traders were more than double my leverage (almost 3x my leverage!) in the crash of '08. These were traders taking positions against their own customers. They got in sells at the top and got out at the bottom. They made money no matter what they'd like you to think. How can one not in their position? And how did my dad's "conservative", managed retirement account lose over half at that time?
This whole "tower of Babel" will one day implode. It CAN'T stand. God will...Ignored