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

  • #41
  • Sep 13, 2017 3:07pm Sep 13, 2017 3:07pm
Quoting MoneyZilla
{quote} This video is just for fun. Do not take it seriously. For me is an inspiration I can ask for what i truly want. Just a reminder to be extremely bold. Yet, the guy is really funny. I like him a lot. {quote} I can't. There are not any. I have never read a book on forex. Start researching..
HOW EXACTLY DO THEY TAKE YOUR MONEY AWAY FROM YOU?
You are almost as funny as the guy in the video. I like your thinking ( except for the agressive aproach).

But I do want to remind you that they have one serious advantage over you : UNLIMITED resources. Unlimited paper $$$. Billions of it. Which you will never have.
And if for some extreme reason the loss happens to them they leave it in the books for couple of years and then write it off. Just like that. Taxpayers cover that hole and they are not harmed. It would be dangerous to forget that.
PVSRA
  • #42
  • Sep 13, 2017 3:08pm Sep 13, 2017 3:08pm
What superpip says is better!
Everyday better.
  • #43
  • Sep 13, 2017 3:10pm Sep 13, 2017 3:10pm
Quoting arlucad
The flipping thing is another thing i dont understand. Do you flip after a fixed Amount of levels or when you think a sell would be better than buying?
Do not worry. Ask anything you want. I might not grant every question with an answer... I hope you do not mind.

Flipping is an art, to be honest. Now when I do it with ease... I remember my first 5-6 EAs. I knew it is wrong to react to every small direction change. That is what grids are doing. And they do pay the price for continuing doing that...

I wondered how to jump over the useless entries, which react to every direction change?

Could not find an answer of that question. Still.

The answer lies beneath the Information how the bankers always win?

It is a deep water zone, mate. You will need time. Lots of time. Less sleep. And money. Lots of money. Unless you can write code by yourself? Then you would need time only. Never leave demo until fully ready...
Maadik Hugiis. IQ 69.
  • #44
  • Sep 13, 2017 3:16pm Sep 13, 2017 3:16pm
Quoting MoneyZilla
Never leave demo until fully ready...
Are you still in demo?
  • #45
  • Sep 13, 2017 3:32pm Sep 13, 2017 3:32pm
Quoting SuperPip
{quote} I think it is something, when you are scalping on 1M, taking many trades. You will leave loser open and hedging and taking new positions based on price action. In sooner or later loser is averaged out or even traded to BE. The same with losing basket, you will leave it open and when in some moment the account balance is in positive, you will close all the trades. Or what you mean under flipping? Hedging with Martin Gale ?
Well, I might have put the wrong wording. When I say keep it open and flip it, I mean a basket. I always keep a basket open and flip it as many times as necessary. I keep the losers opened, until they reach their critical point of flipping. Do not keep the losers opened, unless they need to flip, but that moment has not come up yet.
Maadik Hugiis. IQ 69.
  • #46
  • Sep 13, 2017 3:36pm Sep 13, 2017 3:36pm
Quoting SuperPip
{quote} Are you still in demo?
Yeah. Will not go live unless ready. Right now I am overloading the mt4 terminal. Working over a new EA that compounds baskets into a few larger trades. When this is finished and fully tested and it matches the current results, including being bug-free, then I am ready to go live. As of now, this is the last thing that stops me.

Live traded Mar'14-Sep'15. From Oct'15 till today I am on demo and will stay in the demo for another month or so...
Maadik Hugiis. IQ 69.
  • #47
  • Sep 13, 2017 3:43pm Sep 13, 2017 3:43pm
So to sum up the information of today.

-We have to find Markets in a relative thight range of around 130-150 pips.

-We have to find a bias in one direction not only open buys and sells.

-We have to flip positions at a certain time or price.

We have to see the zigzags of the market. The little swings i would say.

Is that correct?
Everyday better.
  • #48
  • Sep 13, 2017 3:45pm Sep 13, 2017 3:45pm
Quoting Fisher755
{quote} You are almost as funny as the guy in the video. I like your thinking ( except for the agressive aproach). But I do want to remind you that they have one serious advantage over you : UNLIMITED resources.
I am not offended by statements like this one. Being used to all my life.

The really funny thing, from my perspective, is I am a small business co-owner, valued around or over $8-10 mil. And driving a $100k limousine, meanwhile. From 20 to 22 I have lived with 0.50 EUR a day (fifty cents) and slept in an abandoned hotel.

I do not keep track of all guys who once laughed at me till age 30 and something. Kind of, I sense they are not doing even as half as well as I am. So, I really do not care... what people think anyway!

I am following the bankers from a step behind. That is the closest I could ever get. It is OK for me... So, big money I do not need. If you discover the beauty of the USC accounts? You can make there 200k with just $200. If you know what you are doing...
Maadik Hugiis. IQ 69.
  • #49
  • Sep 13, 2017 3:57pm Sep 13, 2017 3:57pm
Quoting arlucad
-We have to find Markets in a relative thigh range of around 130-150 pips.
Yes. You have to find an automatic way of detecting these at their early stage. Visually, anything except M1 or M5 would delude you...

Quote
-We have to find a bias in one direction not only open buys and sells.
Yes, but this bias has to be flexible, too. If it is too strong, you will fuck up everything, if they turn it around sharply. This has to be flexible. Flexible is better than strong. Hedging will not kill you, but the strong bias surely will. You need to be able to open hedges. Ideally is 55/45 towards the direction. Sometimes even 60/40. Keep in mind they do level down the buys and the sells. This is extremely important always to remember.

Quote
-We have to flip positions at a certain time or price.
No time. Price - maybe. Price flip is very dangerous. You need rules. Set up a rule. A smart rule. When do you grant a flip to happen? Price is the most stupid reason of all. That is what the bankers want from you! React on the price! Noooooo! Do not react on the price! React on their intention. Might be false, sometimes. It is still better than just to react on a price...

Quote
We have to see the zigzags of the market. The little swings.
In the zig zags... Everything is in there. The Zig Zag indi visualizes the rules for the flip. The best rules to make a flip are all in there.

An odd number of ziggis means change of a direction. The even number of ziggis means the direction continues. Train your eye to quickly count the tops/bottoms of the ziggis (which lay into one layer or a small horizontal range)...
Maadik Hugiis. IQ 69.
  • #50
  • Sep 13, 2017 4:02pm Sep 13, 2017 4:02pm
Quoting MoneyZilla
{quote} I am not offended by statements like this one. Being used to all my life. The really funny thing, from my perspective, is I am a small business co-owner, valued around or over $8-10 mil. And driving a $100k limousine, meanwhile. From 20 to 22 I have lived with 0.50 EUR a day (fifty cents) and slept in an abandoned hotel. I do not keep track of all guys who once laughed at me till age 30 and something. Kind of, I sense they are not doing even as half as well as I am. So, I really do not care... what people think anyway! I am following...
You took it wrong, I was not laughing at you. I wanted to say that it is FUN to read your posts.
And since I like you I wanted to warn you that while it is of course possible to get a grab of $$$ from market we still need to be cautious and have to be aware who we are dealing with. We are on the same side, bro.
PVSRA
  • #51
  • Sep 13, 2017 4:03pm Sep 13, 2017 4:03pm
Man i will think about that while i sleeping i hope tomorrow i will get the Big idea how this stuff works.

No it needs time i know.

Thank you very much!
Everyday better.
  • #52
  • Sep 14, 2017 12:46am Sep 14, 2017 12:46am
hey money, I noticed a curious thing about your flipping method, why is it that your multiple order basket is hedged by a single larger lot order? Do you base when to cut the larger single lot order from price action? how come you don't just hedge the other side with another basket instead of a single larger lot order? soo many questions on this flipping method! trying to find out the secrets from the data, but the fundamental idea eludes me still... I increased the lot size with the other method, increased my percentage, but not nearly the 100% in a short time like the basket method you use. Keep up the good work tho!
  • #53
  • Sep 14, 2017 3:36am Sep 14, 2017 3:36am
Cyguy, the large hedge lot is taking the open trades offline. This could be a basket or a total closure. It saves money. 1 full commission to be precise. For each trade taken down. This is just an expence optimisation. Has nothing to do with the strategy execution.

Flipping is the most important part of trading. Focus on that one.

I can tell you one thing for sure. The mt4 dev guy I am working with is a very experienced professional. Very expensive, naturally. He has no clue. He built everithing and has no idea?!? This is pretty much descriptive of how impossible the task you have set to reverse back engineer me actually is...

i want to help you, all. But not by just giving my methods directly to you. I want to stimulate the self help element. You help yourself. It is not going to me helping you. You are helping yourself. This is my idea of helping others...

One last thing. If I tell you, they already have placed in each mt4 the tool that is a total crack, right there, for free? How is this going to be helpful to you? Yes! It is there. These bankers are just crazy fucks. Maybe they just know how blind and stupid people really are? I am talking about the zig zag indicator...:-)))
Maadik Hugiis. IQ 69.
  • #54
  • Edited 4:48am Sep 14, 2017 4:14am | Edited 4:48am
I thought the last night about what you told us.

For range what do you think about using a zigzag that draws a line every 130-150 pips as range filter? if this is possible.

A smaller zigzag is for entrys when the price is in between the last leg of the big zigzag we can trade. In the direction of the small leg i open a position and then with a grid.
When the price or leg turns i will close all profitable trades and let the loosers run until a point i dont know yet.

Or i flip the position.

That would be my first version.
edit:
I think closing positions when the next zigzag is higher or lower the previous one would make sense. When the trade goes against me.
And then open trades in the other direction as a hedge.

Okay the zigzag as range filter will not work. The problem for me is to find the range as early as possible.

Entering on the break of zigzags looks better than enter on the beginning of a new one. Well the flipping and hedging part would make alot more sense.

Because of the strong lagging of the zigzag i would only use the last leg of him.

Okay i think im stuck here.
Everyday better.
  • #55
  • Sep 14, 2017 5:02am Sep 14, 2017 5:02am
Quoting arlucad
I think closing positions when the next zigzag is higher or lower the previous one would make sense. When the trade goes against me. And then open trades in the other direction as a hedge.
Exactly.

Quote
Okay the zigzag as range filter will not work. The problem for me is to find the range as early as possible.
I guess you do not need it anymore. You can enter and exit anytime and anywhere you like. Naturally, the range times do come after a big move. Range is 2-3 days each week. At least. Every day, from the 29 pairs I am monitoring, 28 majors + gold, there are like 15-25 pairs in the range list. What else can I tell you?

Quote
Entering on the break of zigzags looks better than enter on the beginning of a new one. Well the flipping and hedging part would make a lot more sense. Because of the strong lagging of the zigzag i would only use the last leg of him.


If you come up with something good, please, do not be shy to share it here. You have figured it out over night. It took me 3.5 yrs of research to see it myself. The flipping part took me the last 2.5 yrs. I am not joking when I say my IQ is 75. It really is. Very slow brain I have. Old model and probably low quality. But I load it at 100% most of the time. Other people are just lazy thinking things over. Therefore it often happens I am telling a lot smarted people than me what to do...

Hell! Very IMPRESSIVE!
Maadik Hugiis. IQ 69.
  • #56
  • Sep 14, 2017 5:06am Sep 14, 2017 5:06am
Quoting arlucad
Okay i think im stuck here.
No, you are not stuck. Take a nap! When you wake up, you will know it!:-)

Now seriously. Start doing what you have described. That was a huge step forward already. One step at a time. You will see the next step once you start putting your leg ahead of the other. Just make the first step...

Keep us updated how it goes, OK?
Maadik Hugiis. IQ 69.
  • #57
  • Sep 14, 2017 5:15am Sep 14, 2017 5:15am
Arlucad, play around with the gold a little. The range I am talking about took place from Monday till Wednesday. But you can include today too. This is bigger range than what I am talking about, but it is a good starting point, as of a now...
Attached Image (click to enlarge)
Click to Enlarge Name: golds-last-3-days-range.png Size: 98 KB

Here is one typical range (for FX pairs), yet not very typical for the gold.
Attached Image (click to enlarge)
Click to Enlarge Name: golds-severe-range-example.png Size: 117 KB
Maadik Hugiis. IQ 69.
  • #58
  • Sep 14, 2017 5:17am Sep 14, 2017 5:17am
Thank you very much for your answer! And for your knowledge of course!

Now its time to watch shakespeare with my wife

But i have time to think about the zigzag stuff I have to learn how its calculated.


I didnt thought about checking every Pair but that makes sense

I have to get rid of the old habits first then i can go further.

Thanks for the charts i will check what i can do with them

Is the zigzag the one u use? its very small ?
Everyday better.
  • #59
  • Sep 14, 2017 5:22am Sep 14, 2017 5:22am
Also, after a big more, range comes naturally. Why? Because they teach you you have to wait for the confirmation. The confirmation comes, but the rate stops. You are entering too late. That is how they teach you all here.

And vice versa. After a long range - there is proportionally big movement.

These two: range and big moves are interconnected.

Range is the price of the next big move. Those who can pay it and stay alive until it is over will ripe the reward of the following movement after the range is no more...
Maadik Hugiis. IQ 69.
  • #60
  • Sep 14, 2017 5:24am Sep 14, 2017 5:24am
Yea everything what your brokes tells you is seriously only good for them.
Everyday better.
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