“In terms of the game theory, we might say the universe is so constituted as to maximize play. The best games are not those in which all goes smoothly and steadily toward a certain conclusion, but those in which the outcome is always in doubt.”
George B. Leonard
In game theory, Nash equilibrium (named after John Forbes Nash, who proposed it) is a solution concept of a game involving two or more players, in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only his own strategy unilaterally. If each player has chosen a strategy and no player can benefit by changing his or her strategy while the other players keep theirs unchanged, then the current set of strategy choices and the corresponding payoffs constitute a Nash equilibrium.
Stated simply, Amy and Phil are in Nash equilibrium if Amy is making the best decision she can, taking into account Phil's decision, and Phil is making the best decision he can, taking into account Amy's decision. Likewise, a group of players is in Nash equilibrium if each one is making the best decision that he or she can, taking into account the decisions of the others. However, Nash equilibrium does not necessarily mean the best cumulative payoff for all the players involved; in many cases all the players might improve their payoffs if they could somehow agree on strategies different from the Nash equilibrium (e.g., competing businesses forming a cartel in order to increase their profits).
The Nash equilibrium concept is used to analyze the outcome of the strategic interaction of several decision makers. In other words, it is a way of predicting what will happen if several people or several institutions are making decisions at the same time, and if the outcome depends on the decisions of the others. The simple insight underlying John Nash's idea is that we cannot predict the result of the choices of multiple decision makers if we analyze those decisions in isolation. Instead, we must ask what each player would do, taking into account the decisionmaking of the others.
http://en.wikipedia.org/wiki/Nash_equilibrium
Welcome to the greatest business and “real” opportunity left on the planet, the futures and forex markets. Knowing a little unique information – for sure – and being able to act on it profitably – has never been as possible or
lucrative as it is today. A prime opportunity is unfolding today as I write this, and it will probably be possible for you to profit from it by the time you read this.
Right now, we have more products for trading available, futures contracts, options on contracts, futures index products, and forex trading banks that cater to smaller capital than ever before!
Joel Rensink
First Strike Pluz
THE RULES :
This method is quite simple and straightforward. Read the following directions a number of times. It will become clear as you work through a few examples on your own.
The most obvious feature of this version of FirstStrike is the fact that the buy/sell distances from the
week's open are adjusted by current volatility wider when the markets are volatile, and much closer
when the markets are calmer. Reliability and an increased win/loss ratio is a primary benefit
In addition, the “First Profitable Open” exit enables the trade to have a longer potential time frame
which can greatly increase profitability in volatile markets. Since time in a trade is one of the strongest
determinents of profitability, this method has the potential to earn more per trade than a fixed buy/sell
point ORB methodology, such as the original FirstStrike.
The ruleset follows....
When you are Flat the market
1. Before the market's open on Monday morning at 00:00 CST; you must know what the total
range of the previous week was, (high  low = range) and multiply that figure by .30 to obtain
the values which will determine our entry points for the next week
(example: EUD/USD: last week's range (Oct. 610, 2008) was 527 pips (high:1.3785,
low:1.3258) Now multiply 527 x .30 = 158.1. Round up to get 159 pips. This figure is added
to/subtracted from the open for your entry orders in the next step. .
2. After Monday's morning open be ready to buy on a stop at the opening price + the quantity
from step (1). Or, be ready to sell at the price on a stop of the opening price  the quantity from
step (1).
3. Now we will determine our position stoploss levels
Check back to step 1 to find the figure for last week's range. Following the example, the previous week's range was a total of 527 pips. Multiply 527 x .10 = 52.7. Again, round up to get 53 pips. If you get long you will place a position stop below the week's open a total of 53 pips (total risk in this example 159 + 53= 212) to protect your capital. The risk per trade will
change every week.
4. If you are not stopped out wait for the open of the next weekly bar, which would be the next
Monday morning at 00:00 CST. (For a short trade, reverse these instructions)
If exiting at the open of the next week would result in a profit, exit the market. If not, continue
holding until a succeeding week's opening price is profitable or you get stopped out for a loss. It
is possible, but not very likely, to be in a trade for a number of weeks after entry.
5. Keep monitoring and placing your current buy and sell prices for each week. Your new buy or sell orders for the week, under some rare circumstances; may be closer than a protective stop loss order for an existing position put on the week earlier that hasn't exited profitably yet.
6. This is good. You can save money by exiting and reversing position at the closer price. If you get out on the week's open at a profit from a previous long or short position, make sure your buy and/or sell orders are ready to be entered or placed in the market for execution for the next
week..
Joel Rensink
Except for this :
4. If you are not stopped out wait for the open of the next weekly bar, which would be the next
Monday morning at 00:00 CST. (For a short trade, reverse these instructions)
If exiting at the open of the next week would result in a profit, exit the market. If not, continue holding until a succeeding week's opening price is profitable or you get stopped out for a loss. It is possible, but not very likely, to be in a trade for a number of weeks after entry.
"I prefer myself to exit all trade on next Monday morning at when my broker open.
Roels Major
Great Thanks for Reyna for the indicator.
Intention : Need to transform this idea into an OCO EA. Wellcome to great coders here to produce an EA for helping this strategy run automatically in full mode and Wellcome to Traders to add more deals in their head here. Thank You.
http://i600.photobucket.com/albums/t...eRealThing.jpg
George B. Leonard
In game theory, Nash equilibrium (named after John Forbes Nash, who proposed it) is a solution concept of a game involving two or more players, in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only his own strategy unilaterally. If each player has chosen a strategy and no player can benefit by changing his or her strategy while the other players keep theirs unchanged, then the current set of strategy choices and the corresponding payoffs constitute a Nash equilibrium.
Stated simply, Amy and Phil are in Nash equilibrium if Amy is making the best decision she can, taking into account Phil's decision, and Phil is making the best decision he can, taking into account Amy's decision. Likewise, a group of players is in Nash equilibrium if each one is making the best decision that he or she can, taking into account the decisions of the others. However, Nash equilibrium does not necessarily mean the best cumulative payoff for all the players involved; in many cases all the players might improve their payoffs if they could somehow agree on strategies different from the Nash equilibrium (e.g., competing businesses forming a cartel in order to increase their profits).
The Nash equilibrium concept is used to analyze the outcome of the strategic interaction of several decision makers. In other words, it is a way of predicting what will happen if several people or several institutions are making decisions at the same time, and if the outcome depends on the decisions of the others. The simple insight underlying John Nash's idea is that we cannot predict the result of the choices of multiple decision makers if we analyze those decisions in isolation. Instead, we must ask what each player would do, taking into account the decisionmaking of the others.
http://en.wikipedia.org/wiki/Nash_equilibrium
Welcome to the greatest business and “real” opportunity left on the planet, the futures and forex markets. Knowing a little unique information – for sure – and being able to act on it profitably – has never been as possible or
lucrative as it is today. A prime opportunity is unfolding today as I write this, and it will probably be possible for you to profit from it by the time you read this.
Right now, we have more products for trading available, futures contracts, options on contracts, futures index products, and forex trading banks that cater to smaller capital than ever before!
Joel Rensink
First Strike Pluz
THE RULES :
This method is quite simple and straightforward. Read the following directions a number of times. It will become clear as you work through a few examples on your own.
The most obvious feature of this version of FirstStrike is the fact that the buy/sell distances from the
week's open are adjusted by current volatility wider when the markets are volatile, and much closer
when the markets are calmer. Reliability and an increased win/loss ratio is a primary benefit
In addition, the “First Profitable Open” exit enables the trade to have a longer potential time frame
which can greatly increase profitability in volatile markets. Since time in a trade is one of the strongest
determinents of profitability, this method has the potential to earn more per trade than a fixed buy/sell
point ORB methodology, such as the original FirstStrike.
The ruleset follows....
When you are Flat the market
1. Before the market's open on Monday morning at 00:00 CST; you must know what the total
range of the previous week was, (high  low = range) and multiply that figure by .30 to obtain
the values which will determine our entry points for the next week
(example: EUD/USD: last week's range (Oct. 610, 2008) was 527 pips (high:1.3785,
low:1.3258) Now multiply 527 x .30 = 158.1. Round up to get 159 pips. This figure is added
to/subtracted from the open for your entry orders in the next step. .
2. After Monday's morning open be ready to buy on a stop at the opening price + the quantity
from step (1). Or, be ready to sell at the price on a stop of the opening price  the quantity from
step (1).
3. Now we will determine our position stoploss levels
Check back to step 1 to find the figure for last week's range. Following the example, the previous week's range was a total of 527 pips. Multiply 527 x .10 = 52.7. Again, round up to get 53 pips. If you get long you will place a position stop below the week's open a total of 53 pips (total risk in this example 159 + 53= 212) to protect your capital. The risk per trade will
change every week.
4. If you are not stopped out wait for the open of the next weekly bar, which would be the next
Monday morning at 00:00 CST. (For a short trade, reverse these instructions)
If exiting at the open of the next week would result in a profit, exit the market. If not, continue
holding until a succeeding week's opening price is profitable or you get stopped out for a loss. It
is possible, but not very likely, to be in a trade for a number of weeks after entry.
5. Keep monitoring and placing your current buy and sell prices for each week. Your new buy or sell orders for the week, under some rare circumstances; may be closer than a protective stop loss order for an existing position put on the week earlier that hasn't exited profitably yet.
6. This is good. You can save money by exiting and reversing position at the closer price. If you get out on the week's open at a profit from a previous long or short position, make sure your buy and/or sell orders are ready to be entered or placed in the market for execution for the next
week..
Joel Rensink
Except for this :
4. If you are not stopped out wait for the open of the next weekly bar, which would be the next
Monday morning at 00:00 CST. (For a short trade, reverse these instructions)
If exiting at the open of the next week would result in a profit, exit the market. If not, continue holding until a succeeding week's opening price is profitable or you get stopped out for a loss. It is possible, but not very likely, to be in a trade for a number of weeks after entry.
"I prefer myself to exit all trade on next Monday morning at when my broker open.
Roels Major
Great Thanks for Reyna for the indicator.
Intention : Need to transform this idea into an OCO EA. Wellcome to great coders here to produce an EA for helping this strategy run automatically in full mode and Wellcome to Traders to add more deals in their head here. Thank You.
http://i600.photobucket.com/albums/t...eRealThing.jpg
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“aim small, miss small”