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Attachments: The Old Beast, How MurphyMan made this a successful trading robot
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The Old Beast, How MurphyMan made this a successful trading robot

Quoting scooby-doo

What I was trying to say was we keep opening trades on new pairs only if the previous trades are still open but they all have hit BE or recovered. Meaning we are safe to open another new one. The worst case scenario with this is that we will only ever have 1 trade that could ever get into recovery mode.

Example.
GBJPY open but has hit BE
CADJPY open but has hit BE
CHFJPY open but has hit BE
USDCAD open but has hit BE
AUDCHF open but not hit BE or in recoverey
Stop undtil AUDCHF has hit BE or recovered.

Scoobs.
I would not trade this way. It would take forever to get anywhere.

JMHO

Sammy
Quoting SteveHopwood
Despite what I said earlier, this is one filter I am happy to add. If there is a demand for a TradeOnlyOnePair filter, then I shall add it.

Sing out, guys. In the absence of song, I shall do nothing.

Good Morning Steve,
IMHO this would be an excellent user input for any bot being traded live....It would safely allow the trader to run a full compliment of pairs on very low computer resource use with low DD......As usual Scoobs has my vote...

Have a great day

whip
Quoting scooby-doo
Maybe I am not explaining it very well as the Jack Daniels is starting to kick in........

What I was trying to say was we keep opening trades on new pairs only if the previous trades are still open but they all have hit BE or recovered. Meaning we are safe to open another new one. The worst case scenario with this is that we will only ever have 1 trade that could ever get into recovery mode.

Example.
GBJPY open but has hit BE
CADJPY open but has hit BE
CHFJPY open but has hit BE
USDCAD open but has hit BE
AUDCHF open but not hit BE or in recoverey
Stop...
Hi Scoobs,

It is interesting because let us to catch huge movement with only one trade as constant risk. You have my vote for this proposal.
Quoting parrondo
Hi Scoobs,

It is interesting because let us to catch huge movement with only one trade as constant risk. You have my vote for this proposal.
Again, my method here is to use .01 lots per $1,500. That gives you a lot of breathing room. I keep 12 pairs open, but limit the number that actually open to 4 or 5.

I'm just telling you seems to be working for me since last April and has delivered the results seen in post #7.
  • Post #25
  • Quote
  • Edited 7:21pm Nov 11, 2011 3:48pm | Edited 7:21pm
Recovery trading is Martingaling . No ifs ands or buts.
Recipe for disaster.

So you have a 4k drawdown to achieve 4k in profits. SOUND money mgmt.
Recipe for disaster.

PS.
Too bad you have banned me from your threads. I was looking forward to some fun. Sorry to say I am long past blowing accts.
Bob's recovery trading is ajoke much like yours. In the last 3 yrs you have posted nothing but Unprofitable EA's. Sorry I don't need
luck. Save the luck for yourself and your blown accts.
Love this edit feature dont you?

PS SCOOBY: Thanks...So how is your Robot system going on Myfxbook? LOL....I thought so. You should head back to babypips as obviously you dont understand the basics of trading. Losing EA after Losing EA yeah your a real pro. LMAO...You play with pennys too I gather?
The Best Loser Wins
Quoting bluesteele
Recovery trading is Martingaling . No ifs ands or buts.
Recipe for disaster.

So you have a 4k drawdown to achieve 4k in profits. SOUND money mgmt.
Recipe for disaster.
People too thick to do the basic reading and understand what this thread is all about have no place here and I will not tolerate them. You are clearly too moronic to understand Recovery and so must not attempt to use it. You will bugger things up and blow your account.

Maybe when you have blown a few accounts trading on your own, you will return to Bob's threads and the concept of Recovery with a more open mind. I doubt it, because dimwits like you are normally to stupid to grasp the concept.

Good luck. You need it. It is the only thing that will save you. Don't rely on it, will you? Forex tends to be quite brutal with morons relying on blind luck.

You no longer have posting rights in my threads.

Hey guys. In an earlier moment of weakness, I promised to add a filter to the version of TOB posted here if enough people called for it.

Just to let you know, I have changed my mind. The filter discussed recently is undoubtedly A Good Thing, but is irrelevant here.

This thread is about Sam's profitable use of one particular variant of one particular bot. If I amend the code, it ceases to be the bot that Sam trades.

Follow Sam's trading method or not; the choice is yours. His method is based on the EA posted here and I shall not be changing it.

Scoobs, whip, parrondo et al, do not take this as a criticism. I am fairly sure you will know if I am actually ever critical of you.

Quoting SteveHopwood
Hey guys. In an earlier moment of weakness, I promised to add a filter to the version of TOB posted here if enough people called for it.

Just to let you know, I have changed my mind. The filter discussed recently is undoubtedly A Good Thing, but is irrelevant here.

This thread is about Sam's profitable use of one particular variant of one particular bot. If I amend the code, it ceases to be the bot that Sam trades.

Follow Sam's trading method or not; the choice is yours. His method is based on the EA posted here and I shall not be changing it.

Scoobs,...
No problem Steve....I know you will do what you think is best...And that is good enough for me

Have a great evening

whip
Quoting bluesteele
Recovery trading is Martingaling . No ifs ands or buts.
Recipe for disaster.

So you have a 4k drawdown to achieve 4k in profits. SOUND money mgmt.
Recipe for disaster.
You have to be the biggest fcuking idiot i have ever met on FF and there have been a few.

All commercial traders have multiple pairs open and will add to their positions upto a certain level/point. If they didnt then they would end up with more losses than profits.

That has nothing todo with martingale or any other stupid recovery type system.

The systems used on this thread and others have a clear level to goto based on your account/leverage.

Systems i have traded commercially allow a trader to open 4 pairs and allow them to hit certain levels with recovery style increases in lot size.

No one has ever said that you keep doubling your position up hoping for a profit.

Scoobs.
Quoting scooby-doo
You have to be the biggest fcuking idiot i have ever met on FF and there have been a few.

All commercial traders have multiple pairs open and will add to their positions upto a certain level/point. If they didnt then they would end up with more losses than profits.

That has nothing todo with martingale or any other stupid recovery type system.

The systems used on this thread and others have a clear level to goto based on your account/leverage.

Systems i have traded commercially allow a trader to open 4 pairs and allow them to hit certain...
Stay at it Scoobs....You will train all in time

whip
Quoting hiredwhip
Stay at it Scoobs....You will train all in time

whip
Whip,

I am going to Australia soon to get married and am not allowed to take my laptop.

If i send you someting to test for me will you be able to do that ?

Scoobs
Quoting scooby-doo
You have to be the biggest fcuking idiot i have ever met on FF and there have been a few.
Hehe. Come on scoobs, stop mincing your words and say what you actually mean.

I thought I had invective sussed until I read this. Mind, are you absolutely certain that said dimwit was indeed the biggest etc?

Hey, maybe there is a new thread in all this. "The daftest post ever submitted" etc. Sadly, the mods probably wouldn't allow it. Hey ho.

Do let us know when you are about to leave for Aussie, won't you, so we can all sign a 'Good Luck' card.

And offer your bride all our deepest sympathy.

Quoting SteveHopwood
Hehe. Come on scoobs, stop mincing your words and say what you actually mean.

I thought I had invective sussed until I read this. Mind, are you absolutely certain that said dimwit was indeed the biggest etc?

Hey, maybe there is a new thread in all this. "The daftest post ever submitted" etc. Sadly, the mods probably wouldn't allow it. Hey ho.

Do let us know when you are about to leave for Aussie, won't you, so we can all sign a 'Good Luck' card.

And offer your bride all our deepest sympathy.

I never thought I would ever get married again but hey, she must be mad, blind, stupid, nuts or all the above. ?????

She told me no laptops/computers etc.

The good thing is she didnt say other women or gambling!!!!!!!!

O no, i didnt mean that or post it.

Scoobs.
Quoting scooby-doo
I never thought I would ever get married again but hey, she must be mad, blind, stupid, nuts or all the above. ?????

She told me no laptops/computers etc.

The good thing is she didnt say other women or gambling!!!!!!!!

O no, i didnt mean that or post it.

Scoobs.
Let's hope she doesn't trade Forex.

Or ever Google your real name.
Quoting SteveHopwood
Let's hope she doesn't trade Forex.

Or ever Google your real name.
She trades for HSBC in Singapore and knows most things about me!!!!

Scoobs
Quoting scooby-doo
She trades for HSBC in Singapore and knows most things about me!!!!

Scoobs
And she is still marrying you. Boy oh boy, but there are some deep sorts of insanity.

Where will you live? Sunny Aussie or Rainy Surrey. Please answer without unnecessarily unkind gloating, as we all know what the answer will be.

Quoting SteveHopwood
And she is still marrying you. Boy oh boy, but there are some deep sorts of insanity.

Where will you live? Sunny Aussie or Rainy Surrey. Please answer without unnecessarily unkind gloating, as we all know what the answer will be.

We already bought a house in New Zealand (south island) or shoud I say I did.

Scoobs
Quoting scooby-doo
We already bought a house in New Zealand (south island) or shoud I say I did.

Scoobs
Oh wow.

Drool.

Dribble.

Slobber.

I think I can speak for everyone else here when I say, "WE HATE YOU".

We all know tjat you have tragedy in your past, scoobs, so I hope the best is ahead of you.



Still feel sorry for HRH, mind.
Quoting scooby-doo
Whip,

I am going to Australia soon to get married and am not allowed to take my laptop.

If i send you someting to test for me will you be able to do that ?

Scoobs
Send it on Scoobs .....Will do....Marriage is a great thing....Luck to you

whip
Quoting scooby-doo
You have to be the biggest fcuking idiot i have ever met on FF and there have been a few.

All commercial traders have multiple pairs open and will add to their positions upto a certain level/point. If they didnt then they would end up with more losses than profits.

That has nothing todo with martingale or any other stupid recovery type system.

The systems used on this thread and others have a clear level to goto based on your account/leverage.

Systems i have traded commercially allow a trader to open 4 pairs and allow them to hit certain...
Thank you Scoobs for speaking up, we appreciate you knowledge and wisdom.
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