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The Julia System

  • #1
  • First Post: Dec 18, 2017 12:46am Dec 18, 2017 12:46am
I named it the Julia system because I wanted to name my granddaughter Julia. But my wife said no. So, this is second best.
Criticisms welcomed, because I know that there is something wrong with this system, but I can’t put my finger on it.
Nothing needed on your chart. Direction is irrelevant.
Buy 1 unit of any pair. For example, EUR/USD. Put a RR of 1:1.
If the pair hits TP, start again.
if it hits SL, add a unit, then renter. So now you have 2 units. If you lose again, add another. So, it’s now 3 units. If you WIN, go down to 2 units, and keep doing this until you get to 1 unit.
OK. You get the picture. But try doing this system, but when you enter the transaction, enter a long and a short at the same time and control it like 2 independent trades. Your losing position will will be mitigated by the winning position.
  • #2
  • Dec 18, 2017 12:56am Dec 18, 2017 12:56am
It seems your goal is to lose money ... so why don't you go play the exact same strategy at the casino roulette tables ? At least you will have fun!
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Dec 18, 2017 1:01am Dec 18, 2017 1:01am
Quoting Torontoman
I named it the Julia system because I wanted to name my granddaughter Julia. But my wife said no. So, this is second best. Criticisms welcomed, because I know that there is something wrong with this system, but I can’t put my finger on it. Nothing needed on your chart. Direction is irrelevant. Buy 1 unit of any pair. For example, EUR/USD. Put a RR of 1:1. If the pair hits TP, start again. if it hits SL, add a unit, then renter. So now you have 2 units. If you lose again, add another. So, it’s now 3 units. If you WIN, go down to 2 units, and keep...
In a ranging market you would do ok. But. If the pair starts trending away from you, you would be in shitters ditch with leaky gumboots.
Combat crazy markets with crazy trading
  • #4
  • Dec 18, 2017 1:08am Dec 18, 2017 1:08am
Quoting CrazyOz
{quote} In a ranging market you would do ok. But. If the pair starts trending away from you, you would be in shitters ditch with leaky gumboots.
So, in a trending market, it is better to do the opposite. Add to a winning side and keep the losing side, but keep the losing side constant. But then, how do we know if the market is trending or ranging? We never know. Ok! Back to the drawing board.
  • #5
  • Dec 18, 2017 1:13am Dec 18, 2017 1:13am
Quoting Torontoman
{quote} So, in a trending market, it is better to do the opposite. Add to a winning side and keep the losing side, but keep the losing side constant. But then, how do we know if the market is trending or ranging? We never know. Ok! Back to the drawing board.
That's not a reversing problem.

You are trying to beat the market with some kind of martingaling ... and the end result will always be the same ... soon or later.

Ask yourself how many losses in a row your account will allow before you won't be able to open the next trade because not enough margin ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #6
  • Dec 18, 2017 2:36am Dec 18, 2017 2:36am
Looking forward though to your PL stats.
  • #7
  • Dec 18, 2017 3:05am Dec 18, 2017 3:05am
Quoting FerruFx
It seems your goal is to lose money ... so why don't you go play the exact same strategy at the casino roulette tables ? At least you will have fun!
___
LOL.
Reply right out of a refrigerator. Cold but true.
L.L.L.T
  • #8
  • Dec 18, 2017 3:12am Dec 18, 2017 3:12am
Quoting Torontoman
I named it the Julia system because I wanted to name my granddaughter Julia. But my wife said no. So, this is second best. Criticisms welcomed, because I know that there is something wrong with this system, but I can’t put my finger on it. Nothing needed on your chart. Direction is irrelevant. Buy 1 unit of any pair. For example, EUR/USD. Put a RR of 1:1. If the pair hits TP, start again. if it hits SL, add a unit, then renter. So now you have 2 units. If you lose again, add another. So, it’s now 3 units. If you WIN, go down to 2 units, and keep...
i think you havent think this over, really, have you?
hope next time you decide to post a "system" it has some more thoughts about how it works or not works.
there is always, always another trade!!
  • #9
  • Dec 18, 2017 3:41am Dec 18, 2017 3:41am
Quoting Torontoman
I named it the Julia system because I wanted to name my granddaughter Julia. But my wife said no. So, this is second best. Criticisms welcomed, because I know that there is something wrong with this system, but I can’t put my finger on it. Nothing needed on your chart. Direction is irrelevant. Buy 1 unit of any pair. For example, EUR/USD. Put a RR of 1:1. If the pair hits TP, start again. if it hits SL, add a unit, then renter. So now you have 2 units. If you lose again, add another. So, it’s now 3 units. If you WIN, go down to 2 units, and keep...
Now I knew why your wife said NO ...!!
This is not a system it is so risky and now or later you will lose, You must know the basic problem for all forex trader is the adding to the losing orders
Also adding to the winning orders need a lot of experience about the trend identification and the time frame you use and how much you risk per order ... ,
It is not a matter of GAMBLING it is an art and science ...!!!
I hope you doing well .....
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #10
  • Dec 18, 2017 4:16am Dec 18, 2017 4:16am
@Torontoman

-- it´s about the same value a Casino plays-- you forget the "ZERO" =0 .

that´s the advantage for the bank..

In this case it´s called spread(included or excluded commissions)0 transactions costs.

everything said.. it´s mathematic of elementary class-- out here

In this forum are a couple really good playing systems,
there´s no need to jump in the fire to catch the falling knife..

Good luck
Guido
Risiko birgt immer auch die Chance.
  • #11
  • Dec 18, 2017 4:28am Dec 18, 2017 4:28am
Quoting Sesamstrasse
@Torontoman -- it´s about the same value a Casino plays-- you forget the "ZERO" =0 . that´s the advantage for the bank.. In this case it´s called spread(included or excluded commissions)0 transactions costs. everything said.. it´s mathematic of elementary class-- out here In this forum are a couple really good playing systems, there´s no need to jump in the fire to catch the falling knife.. Good luck Guido
Hi Torontoman,

This is good advice, as is FerruFx's and profitfarmer's (if a little harsh, but it is for your own good). Your system has serious inherent weakness that means failure is almost inevitable over the long haul.

Before you commit your hard earned money to trading you need to come up with something a little more robust than that. Design a system and then think what will happen to it under every possible market scenario you can imagine. Does it still remain standing at the end? If yes, you possibly have something to work on, if not, start again. Your Julia system, regrettably, falls into the latter camp.

Good luck!
  • #12
  • Dec 18, 2017 5:22am Dec 18, 2017 5:22am
Thank you, everyone that answered...even you Ferru!
  • #13
  • Dec 18, 2017 5:48am Dec 18, 2017 5:48am
Come on, do not criticize Torontoman. We respect though disagree. There is knowledge there. Learn. We're not here if it's already a billionaire. If great, what is our technique or strategy. Write down ...
  • #14
  • Dec 18, 2017 6:36am Dec 18, 2017 6:36am
Dear Torontoman ,

Seems you are trying a Martingale system .
In my opinion if you are trying to be a consistent and profitable trader , you should not base your system on a 50 % chance to win and with a martingale system to recover from losses . It all depends on what you re trying to acomplish but i presume we all have tham aim be consistent and profitable.
Also why a RR 1:1 ?

regards
JT
  • #15
  • Dec 18, 2017 8:33am Dec 18, 2017 8:33am
Quoting FerruFx
It seems your goal is to lose money ... so why don't you go play the exact same strategy at the casino roulette tables ? At least you will have fun!

yes you will have more fun and you may get a free beer out of the deal
Live today like theres no tomorrow-- Prioritize like you will die today
  • #16
  • Dec 18, 2017 8:39am Dec 18, 2017 8:39am
Quoting iamsovereign
{quote} yes you will have more fun and you may get a free beer out of the deal
That was the point!
MT4/MT5 EAs/Indicators/Alerts coder
  • #17
  • Dec 18, 2017 9:21am Dec 18, 2017 9:21am
Quoting Torontoman
Buy 1 unit of any pair. For example, EUR/USD. Put a RR of 1:1. If the pair hits TP, start again. if it hits SL, add a unit, then renter. So now you have 2 units. If you lose again, add another. So, it’s now 3 units. If you WIN, go down to 2 units, and keep doing this until you get to 1 unit. OK. You get the picture. But try doing this system, but when you enter the transaction, enter a long and a short at the same time and control it like 2 independent trades. Your losing position will will be mitigated by the winning position.
Not exactly the same implementation, but close enough, and I named if "fxRoulette": https://www.forexfactory.com/showthread.php?t=224694.
  • #18
  • Dec 18, 2017 9:29am Dec 18, 2017 9:29am
This is uber funny. My major trading EA was built out of a similar system. You just have little idea what is next, unless you take the journey...

Most here know me, I am an asshole. Never share anything seriously. But you guys, are really funny. How you do reject something not being worthy?!? LOL!
Maadik Hugiis. IQ 69.
  • #19
  • Dec 18, 2017 10:51am Dec 18, 2017 10:51am
Quoting FerruFx
It seems your goal is to lose money ... so why don't you go play the exact same strategy at the casino roulette tables ? At least you will have fun!
And get free drinks!
Marc -- Saint Louis, MO -- USA
  • #20
  • Dec 18, 2017 11:12am Dec 18, 2017 11:12am
Quoting Torontoman
I named it the Julia system because I wanted to name my granddaughter Julia. But my wife said no. So, this is second best. Criticisms welcomed, because I know that there is something wrong with this system, but I can’t put my finger on it. Nothing needed on your chart. Direction is irrelevant. Buy 1 unit of any pair. For example, EUR/USD. Put a RR of 1:1. If the pair hits TP, start again. if it hits SL, add a unit, then renter. So now you have 2 units. If you lose again, add another. So, it’s now 3 units. If you WIN, go down to 2 units, and keep...
This semi-martingale system idea has been around a while. The danger is that if it works for someone, through luck, they will believe in it and lose everything. Always do proper research before trading.

What I wanted to ask is why you would be naming a grand daughter? And why your wife would be able to countermand your naming? Naming is usually for the mother and father is it not?
Gone to a better place
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