Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

what can we do with 90% winrate? 129 replies

MACD +60% Winrate 1:1.5 RR 63 replies

Made a 100% Winrate EA 25 replies

Does anyone use a statistical edge 0 replies

How do you gain, and measure, your trading system's statistical edge? 29 replies

Attachments: Statistical Gambling System (High Winrate, but NO EDGE)
Exit Attachments

Statistical Gambling System (High Winrate, but NO EDGE)

Quoting Mikkk01
{quote} If you prefer to live in delusion without ever having a way out - it's your choice. Don't equate all people with yourself. If Proxy keeps on listening to muppets who's info is of zero value he'll never succeed.
share you brilliant idea instead of bashing.
Ok i will simply ignore the last 63 posts where you guys were bickering eachother.

Now lets get back to business.Yesterday i had some important thing to do, do i had no time to respond.But still finished the backtest and i came to a crossroad.

We have to take a choice:

-Either we go with the AUD pair to do the carry trade strategy, which would be fine, but unfortunately the AUD is trending way too much, so the chance of margin call with my strategy is almost tripled.So not very nice.We either have to put a damn stop at lets say, 2-3 days high or low?

Or

- We stay with the EUR/USD, where the chance of a MC is very low, but we lose money if we hold the trade too long because the swaps are negative in either direction on the E/U.

Or

Other solutions.

Now guys please help, because its a big dilemma, so we have to put our heads together if we want to make something out of it.
"There's a sucker born every minute" - P.T. Barnum
Quoting Mikkk01
{quote} That is you who missed the point. Turvy gave lots of misleading info I proved him wrong in every single statement. What I meant is: if you feel comfortable with unjustified claims and lack of market perception which both Turv and Proxy share - my condolences.

Understood Mikkk01. Sometimes people just have to live and learn.

But you and I both know Turveyd is not going to give in. Best to just walk away sometimes. No offense Turveyd.

Stage is yours Prox.
Remember, Red. Hope is a good thing, maybe the best of things...
Quoting Proximus
Ok i will simply ignore the last 63 posts where you guys were bickering eachother. Now lets get back to business.
As I promised I won't try to persuade you until you reach the stage when you're ready to accept facts which don't coincide with what you currently believe but you'd better read last 63 posts [counted? lol] - maybe you'll finally come to terms with some points...
Quoting ForexFury
Understood Mikkk01. Sometimes people just have to live and learn. But you and I both know Turveyd is not going to give in. Stage is yours Prox.
I won't write anything related to him if he doesn't give more misleading info. I don't do it for him - other people like Proxy can buy his crap and then just lose a great lot of time figuring it out. Good to see you understand. I hope Proxy will also...
The single most important factor is having control of your own life.
Quoting Magix
{quote} You seriously counted the number of posts?
Quoting Mikkk01
{quote} As I promised I won't try to persuade you until you reach the stage when you're ready to accept facts which don't coincide with what you currently believe but you'd better read last 63 posts [counted? lol] - maybe you'll finally come to terms with some points...
Wtf guys, when i log in i see how many new posts have been made in my thread, didnt you think that i counted them all? I just saw the usual bickering and i was tired to read them.

Quote
And, this is what I was waiting for.

As JM says...All hat, no cattle.

You opened the thread here Prox. Now you want audience participation?

Kind of a SHAM if you ask me.

Not to mention, you flat out ignore when suggestions are put forward.

Ya don't need to put me on your iggy list...

I think I have let you prove my point.

Hey i`m not a grandmaster trader, neither you are, so i still believe the collective minds can bring us better ideas than i myself alone.

Besides this thread is to discuss the system, if i could do it alone, then i would never opened this thread in the first place, just trade alone and cash in the big bucks while you guys would still only bicker eachother.

Quote
I won't write anything related to him if he doesn't give more misleading info. I don't do it for him - other people like Proxy can buy his crap and then just lose a great lot of time figuring it out. Good to see you understand. I hope Proxy will also...

Open for suggestions.

I put forward 2 possible outcomes, help me choose the best one.Or give me alternative ideas.

I`m really tired of nonproductive posts, i want some progress on the system which improves it.
"There's a sucker born every minute" - P.T. Barnum
I have a question too, Prox.

Have you studied risk management?

I like what you are doing here in a least trying to get some actual data in place. It will help you immensely, as you will stop repeating mistakes.

We need to discuss risk management.

Just so you know, I don't place stops in the market either.
If you are good at something, never do it for free--Joker
Quoting Mikkk01
{quote} You didn't learn much then. You still believe in holy grail and trash indicators, change your methods every other day but don't even know how to trade, code some worthless EAs instead of practising real systems that already work, disregard everything previously said by me and Magix thinking you know better but buy crap of Turvy who is actually in a much worse position than you. Next suggestion [question]: are you consistently profitable?
I learned my basic knowledge mostly from there.I was trading before that, but that was more like a game rather than serious trading.

Quote
Next suggestion [question]: are you consistently profitable?

If i were, do you think i`d be sitting here talking with you? As a matter of fact, i dont think your are either consistently profitable, if you were, you should be now on holiday in Bahamas.Not wasting time on big newbies like me hmm?

You talk like if you were some grandmaster trader who can make billions daily, but reading your posts, doesnt show any trading wisdom at all.
"There's a sucker born every minute" - P.T. Barnum
Quoting Proximus
{quote} I learned my basic knowledge mostly from there.I was trading before that, but that was more like a game rather than serious trading. {quote} If i were, do you think i`d be sitting here talking with you? As a matter of fact, i dont think your are either consistently profitable, if you were, you should be now on holiday in Bahamas.Not wasting time on big newbies like me hmm? You talk like if you were some grandmaster trader who can make billions daily, but reading your posts, doesnt show any trading wisdom at all.
I have good holidays when on holidays. I don't really like beach tours - I prefer going to US.

Your illusions about billions are just ludicrous. Same goes for assumption that a man can't afford going to Bahamas if he doesn't trade successfully let alone participating in a forum.

As for my profitability: I post trades on a daily basis. Some live. Really:
Quoting Magix
Where's yours?
to say anything at all in this matter...

Back to suggestions.

If you're not profitable what makes you think that you know any better? My posting history may be not that long but fuck... I don't advise you to follow me - there're some successful long term members around. You'll never hear anything remotely close to what you currently think is verity. But you gotta put in efforts to identify who's worth trusting. You see now Turvy who's desperately trying to make you believe him - make your choice. And I don't really care what it'll be as it doesn't affect me in any way. Wanna listen - go ahead, don't wanna - up to you...
The single most important factor is having control of your own life.
Hi guys, hope everyone is good. I see no Proxy so I shall leave.
I just posted 3 compounds in Simple Strategy room, and before the baying dogs start to snarl with ridiculous analysis of hey man it doesn't seem to flow in a compound way, well it does if iexplained, which I wont. be good and catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Proxy, instead of trying to get an ea to fit your trades, actually this is aimed to any ea traders. EA hardly ever works , a couple of trades you'll gain due to the odds but how about approaching your boob method in a different way, ie using them as triggers plus you can even incorporate a grid type system
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
e/u is in a nice indecision area and the oil hasn't shifted YET,

add on e/j is indecision too

update, 20 minutes later e/j has dropped just over 20 pips from that indecision area
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting billytt
EA hardly ever works
This is not true. You have nothing supporting your claim and can't prove it.
Quoting billytt
incorporate a grid type system
He needs to get the hang of it without this stuff first. And that doesn't mean 2 days backtest. Actually U pattern is the only his idea that makes some sense...
The single most important factor is having control of your own life.
Quoting Mikkk01
{quote} That is not true. {quote} He needs to get the hang of it without this stuff first. And that doesn't mean 2 days backtest. Actually U pattern is the only his idea that makes some sense...
I agree for most of it, First thing being the market doesn't do as you would think ..
second thing,,, don't think or assume.
I am sure we will get him into a trader
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting billytt
{quote} I agree for most of it
But you just said EAs don't work...
Quoting billytt
First thing being the market doesn't do as you would think
I don't think what market will do - I think what I can do about it.
Quoting billytt
I am sure we will get him into a trader
Only on the condition that he starts accepting facts which contradict his current beliefs and comes to terms with the fact that a man saying 'you're right' ain't always right...
The single most important factor is having control of your own life.
Quoting billytt
I mean as guidance not to just assume/think the market will do as expected as you know it doesnt
That's true.
The single most important factor is having control of your own life.
yep, trade was posted in Simple strategy room, 3 trades compounded. start from 1 again
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Using my Trade Explorer on your thread?

This is total Bullshit!!

FALSE ADVERTISING!!!

Thread SCAM ALERT!
Attached Image (click to enlarge)
Click to Enlarge Name: lies.png Size: 38 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
Using my Trade Explorer on your thread? This is total Bullshit!! FALSE ADVERTISING!!! Thread SCAM ALERT! {image}
Huh, scam alert...

He'll probably drop a line, we'll see...
The single most important factor is having control of your own life.
motley crue music has now been turned off, It was beginning to do my head in, got classical on now, Grieg piano concerto

I assume Proxy would like e/u to go down, it seems to be wanting to go north out of the indecision area
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting Mikkk01
Only on the condition that he starts accepting facts which contradict his current beliefs and comes to terms with the fact that a man saying 'you're right' ain't always right...
Mikkk01,

As is with commodities, do you not believe mean reversion exists with Forex; at least for the major pairs Proximus is trying to "trade"? Yes, the mean moves but not in the short term, not immediately. The problem with this system is when the mean does move and the system gets stuck in a trade it could possibly implode. If he can find a way to cut these "danglers" as I call them, why can't the system succeed? However, to do this would require thinking outside the norm. No 1:1 RR, no tight stop loss, no 1% of account wagered. In my opinion, that is why most newbies fail; because they follow those re-hashed guidelines without knowing what they are in for.

This is just my opinion.
Remember, Red. Hope is a good thing, maybe the best of things...
0 traders viewing now