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Attachments: 1% to 3% Per Day? All things are Possible
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1% to 3% Per Day? All things are Possible

  • #121
  • Feb 10, 2018 5:24pm Feb 10, 2018 5:24pm
Quoting Spreadbetter
I get that buddy, but it’s impossible not to have losing days. Seriously I’ve/we’ve modelled this many, many times. {quote}
Yes i must agree. I won't fight that.
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  • #122
  • Feb 10, 2018 5:25pm Feb 10, 2018 5:25pm
I have a simple screenshot of a system to share and ask what you would do.

Quoting PrinceJ58
I have a simple screenshot of a system to share and ask what you would do.
Nb. The screenshot is from a video.
Attached Image (click to enlarge)
Click to Enlarge Name: How would you trade these boxes.png Size: 571 KB
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  • #123
  • Feb 10, 2018 5:38pm Feb 10, 2018 5:38pm
Another Chart...
Attached Image (click to enlarge)
Click to Enlarge Name: Volatile pairs.png Size: 563 KB
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  • #124
  • Feb 10, 2018 5:40pm Feb 10, 2018 5:40pm
Quoting PrinceJ58
I have a simple screenshot of a system to share and ask what you would do. {quote} Nb. The screenshot is from a video. {image}
A 2016 chart, a bit old but ... If it was me, I would remove the Heiken Ashi.
POW!
  • #125
  • Edited 6:10pm Feb 10, 2018 5:45pm | Edited 6:10pm
Quoting fxprimate
{quote} A 2016 chart, a bit old but ... If it was me, I would remove the Heiken Ashi.
Ok i will create a template for a recent chart. With normal candles now...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF Eg....png Size: 63 KB
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  • #126
  • Feb 10, 2018 6:15pm Feb 10, 2018 6:15pm
Look on Gold from december up to now...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD favourable condition.png Size: 53 KB
Click to Enlarge Name: Challenging.png Size: 74 KB
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  • #127
  • Feb 10, 2018 6:31pm Feb 10, 2018 6:31pm
Quoting PrinceJ58
{quote} Ok i will create a template for a recent chart. With normal candles now... {image}
I do not trade this pair and I have no idea what those highlight candlesticks are.
But according to the PA presented in the chart in that time period would only have done a sell on February 8 and maybe in February 5 and now would be thinking about a possible buy for the next week.
POW!
  • #128
  • Feb 10, 2018 7:32pm Feb 10, 2018 7:32pm
Quoting fxprimate
{quote} I do not trade this pair and I have no idea what those highlight candlesticks are. But according to the PA presented in the chart in that time period would only have done a sell on February 8 and maybe in February 5 and now would be thinking about a possible buy for the next week.
Quoting fxprimate
{quote} I do not trade this pair and I have no idea what those highlight candlesticks are. But according to the PA presented in the chart in that time period would only have done a sell on February 8 and maybe in February 5 and now would be thinking about a possible buy for the next week.


The idea the guy shared was a breakout out method that can be used on any session or any session that ends your day.

{C}· The aim should be to find a range at the end of the session last 4 bars on the hourly chart
{C}· He would find the high and low and place both a sell and buy stop orders to be triggered.
{C}· Its best used in volatile pairs.
{C}· The best assets should have 50 Pips or more as daily trading range.

  1. An ideal scenarios is less than 50% of the range for the range size of the box.
  2. Should the days range be 100 pips and the box is too big like 80/90 pips its not tradable-even though modifications can be done to similar scenarios.
  3. Modifications like, should there be trending day and there is no range at the end of the session, 2 bars maybe used for the range calculations for eg.
  4. Now this same situation can be a day trading scenario or become a swing trade/ long term scenario.
  5. Emas are sometimes used for direction where one direction stop order will be placed instead of two.
  6. If the market is ranging and the box is ideal with the atr being good then two pending stop orders are used.

· Can be traded in all sessions (US/London, Asian)
· Should the market be trending up to the end of the day and there are large candles one can use the last 2 bars
· Some days both sides are triggered
· some days both stop losses get hit- until you understand what is an ideal situation.
· 1:1 would not be good
· a trade that gives 1:2, 1:3,1:5 or more is better.

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  • #129
  • Feb 10, 2018 8:54pm Feb 10, 2018 8:54pm
Quoting PrinceJ58
{quote} {quote} The idea the guy shared was a breakout out method that can be used on any session or any session that ends your day. {C}· The aim should be to find a range at the end of the session last 4 bars on the hourly chart {C}· He would find the high and low and place both a sell and buy stop orders to be triggered. {C}· Its best used in volatile pairs. {C}· The best assets should have 50 Pips or more as daily trading range. An ideal scenarios is less than 50% of the range for the range size of the box. Should the days range be 100 pips and...

When i look on the system not all trades are usually winners, in fact i think there is an ideal scenario which this would best work in and that is a trending scenario, like the gold scenario i mentioned from december 12th it just had a good bull run.
Nevertheless the creator and his team still was able to pick the good from out of the bad and have good trades and know when not to enter the market.
He would leave profits running as long as there were favourable conditions.
Attached Image (click to enlarge)
Click to Enlarge Name: An easy setup.png Size: 832 KB
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  • #130
  • Feb 10, 2018 10:05pm Feb 10, 2018 10:05pm
Remember you can always post something that brought interest that is easily adaptable. I am willing to read and browse through, just imagine what can be shared. The reason i posted that particular breakout system is because its not perfect but you can achieve near perfect trades through the system with a few customizable rules.
What if a system was written for h1 but you think it may do better on h4 or daily etc.
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  • #131
  • Feb 11, 2018 1:37am Feb 11, 2018 1:37am
Quoting PrinceJ58
Our dear hanover had replied to a thread with a comment that i admired and i will post the link here: He started here first based on first interpretation: https://www.forexfactory.com/showthr...=7416193#reply Then after clarity he said this: https://www.forexfactory.com/showthr...=7416473#reply and finally said: https://www.forexfactory.com/showthr...=7416566#reply You see i know some things maybe said and thought...
Then I leave this:
https://journals.aps.org/prl/abstrac...ett.120.050502
"The fun is in the hunt. Not the kill."
  • #132
  • Feb 11, 2018 4:33am Feb 11, 2018 4:33am
Quoting PrinceJ58
{quote} {quote} The idea the guy shared was a breakout out method that can be used on any session or any session that ends your day. {C}· The aim should be to find a range at the end of the session last 4 bars on the hourly chart {C}· He would find the high and low and place both a sell and buy stop orders to be triggered. {C}· Its best used in volatile pairs. {C}· The best assets should have 50 Pips or more as daily trading range. An ideal scenarios is less than 50% of the range for the range size of the box. Should the days range be 100 pips and...
This game does not work that way, but nothing like trying, to see the results.
Good luck
POW!
  • #133
  • Feb 11, 2018 4:38am Feb 11, 2018 4:38am
Quoting PrinceJ58
Greetings everyone, with all the systems, knowledge and varying expertise in the financial market here on forex factory, is it possible to formulate a system for the traders here to consistently make 1% to 3% per day and quit for the day without loss on full automation? Share your thoughts, suggestions & recommendations. Just think about 5% to 15% PER WEEK. 20% to 60% for the month. What is your take/opinion?
On full automation? I don't know, I'm bad with computers.

3% a day is insane. It will turn a 4k account into 1.47mil after 200 trading days. I'm actually trying to achieve this...yes, crazy I know.
  • #134
  • Feb 11, 2018 5:14am Feb 11, 2018 5:14am
Quoting fxprimate
{quote} This game does not work that way, but nothing like trying, to see the results. Good luck
It was an example. There are many ways.
Game as you put has different levels.
A Business, the way I look on it, as long as they are functioning will always face issues, one needs to know how to solve them, once you are in the world of living there will always issues and challenging situations tp overcome or go through as a winner or loser. The aim is to learn from everyone of them.
For every approach there is always another, the possibilities of them being harder or easier is all relative to perspective.
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  • #135
  • Edited 5:35am Feb 11, 2018 5:23am | Edited 5:35am
Quoting MoneyFocus
{quote} On full automation? I don't know, I'm bad with computers. 3% a day is insane. It will turn a 4k account into 1.47mil after 200 trading days. I'm actually trying to achieve this...yes, crazy I know.
You can learn if you want to, it is all up to you. When you stop saying your bad, it starts there. The phrase "I'm bad" is a psychological limitation. You build up your own road block.

You can have success with quality strict rules. The system has to have favourable outcomes. If out of every 10 entries you always leave with a higher balance, thay will help. Ensure that your average winner is much greater than your average losses.

I mentioned doing this without loss but since it is interpreted exactly how it is written.

To clarify it here:
In this session you may have losing trades but the winners you had ended the session with a higher balance therefore your session was profitable. Trading is based on probabilities.
This topic needs an open mind, creative thoughts and limitations shot down like a wounded animal gets put down out of its misery.
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  • #136
  • Feb 11, 2018 5:45am Feb 11, 2018 5:45am
Quoting Redeflect
{quote} Then I leave this: https://journals.aps.org/prl/abstrac...ett.120.050502
Thanks for the post.
Do you actively use this method and how is your experience with it? Would you say it is difficult to grasp for the average person. Should it be a filter within a system which would enhance any system?
Shed some light on your exposure in this topic if you can. Share an example of a system which utilize this technology. If you find like a video that gives an example that would be great.
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  • #137
  • Feb 11, 2018 5:51am Feb 11, 2018 5:51am
Quoting PrinceJ58
{quote} You can learn if you want to, it is all up to you. When you stop saying your bad, it starts there. The phrase "I'm bad" is a psychological limitation. You build up your own road block. You can have success with quality strict rules. The system has to have favourable outcomes. If out of every 10 entries you always leave with a higher balance, thay will help. Ensure that your average winner is much greater than your average losses. I mentioned doing this without loss but since it is interpreted exactly how it is written. To clarify it here:...
Thanks for the encouragement, I'm trying out this right now.

So far, here's my results (only 2 days thus far).

3% a day diary
Initial capital: SGD 3,775
Each day would be classified as 00:00 to 23:59 GMT +8; with the exception of Fridays stretching an additional 6 hours.

Day 1, 8 Feb 2018
Opening balance: 3,775
Target closing balance: 3,889
Projected closing balance: 3,889
Real closing balance: 4,979
+31.89%
Target achieved!

Day 2, 9 Feb 2018
Opening balance: 4,979
Target closing balance: 5,129
Projected closing balance: 4,005
Real closing balance: 6,239
+25.30%
Target achieved!


If you are keen to follow my attempt, you can check out my thread.
  • #138
  • Feb 11, 2018 6:19am Feb 11, 2018 6:19am
Quoting PrinceJ58
{quote} Thanks for the post. Do you actively use this method and how is your experience with it? Would you say it is difficult to grasp for the average person. Should it be a filter within a system which would enhance any system? Shed some light on your exposure in this topic if you can. Share an example of a system which utilize this technology. If you find like a video that gives an example that would be great.
It's the solution to all dynamic systems. And it's easy enough to grasp for the average person. Not so easy to utilize without experience.

http://www.cell.com/current-biology/...822(18)30014-9

https://m.youtube.com/watch?v=p7bzE1E5PMY
"The fun is in the hunt. Not the kill."
  • #139
  • Feb 11, 2018 6:19am Feb 11, 2018 6:19am
Quoting MoneyFocus
{quote} Thanks for the encouragement, I'm trying out this right now. So far, here's my results (only 2 days thus far). 3% a day diary Initial capital: SGD 3,775 Each day would be classified as 00:00 to 23:59 GMT +8; with the exception of Fridays stretching an additional 6 hours. Day 1, 8 Feb 2018 Opening balance: 3,775 Target closing balance: 3,889 Projected closing balance: 3,889 Real closing balance: 4,979 +31.89% Target achieved! Day 2, 9 Feb 2018 Opening balance: 4,979 Target closing balance: 5,129 Projected closing balance: 4,005 Real closing...
Awesome! Is it easy to do? No right?
Are you using systematic steps to achieve this?
Do you experience losses during the sessions?
Do you recommend your method?
I wish the very best for your days MoneyFocus.
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  • #140
  • Feb 11, 2018 8:12am Feb 11, 2018 8:12am
Quoting MoneyFocus
{quote} Thanks for the encouragement, I'm trying out this right now. So far, here's my results (only 2 days thus far). 3% a day diary Initial capital: SGD 3,775 Each day would be classified as 00:00 to 23:59 GMT +8; with the exception of Fridays stretching an additional 6 hours. Day 1, 8 Feb 2018 Opening balance: 3,775 Target closing balance: 3,889 Projected closing balance: 3,889 Real closing balance: 4,979 +31.89% Target achieved! Day 2, 9 Feb 2018 Opening balance: 4,979 Target closing balance: 5,129 Projected closing balance: 4,005 Real closing...
I hope you have a withdrawal percentage plan since you are exceeding targets. You should enjoy and see the effects from the fruits of your Labour.
You know enhance your trading system whether the soft version like alerts or the physical components which assist in the method like your computer, your phone, I pad, buy a U.P.S. Treat yourself...Along the journey.
Next thing how is the risk versus loss, should you experience any unfavorable moments?
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