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The Killing Floor

  • #261
  • Jul 9, 2018 3:17pm Jul 9, 2018 3:17pm
Quoting Sis.yphus
Let The Money and The Fools Talk This will be my last post for at least 90 days, could be longer... Till then, I will let the money and the fools talk... I have loaded up a live trade explorer... No you can't see my size (It's a 5 figure starting equity though). No you can't see my stops and targets. So for all the blind sheep who would like to follow, tough luck. I am sure some of you people will still complain that the TE won't be proof with this privacy. You people will probably say the only way to know if it really works is if I come over to...
It would be a huge loss for you to disappear. For this reason alone, I will never start my own thread
Staying in my lane...
  • #262
  • Jul 9, 2018 3:48pm Jul 9, 2018 3:48pm
Quoting Sis.yphus
Let The Money and The Fools Talk This will be my last post for at least 90 days, could be longer...
This is why I hate the way society and the digital revolution intermesh. To many people think they can sit behind a keyboard and be rude and demanding. This behaviour would not be acceptable in a face to face scenario.
For the people who want proof the only way is to prove it for yourself.
The Op has given you an idea to work with.....nothing more..... and he has given it to you for FREE !
It’s obvious Sis has put a lot of time and effort into producing the material he is posting here.
Trading is the hardest career path you could chose and quite frankly I think we are all idiots for not pursuing something easier.

So please, take the information that is posted here for what it is worth TO YOU.
if you don’t agree.....move on.....quietly.

Sis, please don’t let the trolls discourage you. Just keep hitting the ignore button and continue to post as you set out to do.
Too many threads here get shot down by trolls.....please don’t join that list.
  • #263
  • Jul 10, 2018 2:01am Jul 10, 2018 2:01am
Quoting VEEFX
{quote} It would be a huge loss for you to disappear. For this reason alone, I will never start my own thread
and it would be a huge win, when you disappear!
trading is like dancing, don't think and just listen to the music!
  • #264
  • Jul 10, 2018 9:32am Jul 10, 2018 9:32am
Quoting Sis.yphus
Let The Money and The Fools Talk This will be my last post for at least 90 days, could be longer... Till then, I will let the money and the fools talk... I have loaded up a live trade explorer... No you can't see my size (It's a 5 figure starting equity though). No you can't see my stops and targets. So for all the blind sheep who would like to follow, tough luck. I am sure some of you people will still complain that the TE won't be proof with this privacy. You people will probably say the only way to know if it really works is if I come over to...
Hey sis.y, i’m glad you found your balls and finally showed a t.e. .
good luck and no hard feelings bro
  • #265
  • Jul 10, 2018 11:07am Jul 10, 2018 11:07am
I started a TE and will be following his system, i'm going to try and post screenshots of entries and my scaling strategy. That's the key piece that needs to be extended in this system. Has been very successful so far. Up 5.5% out of 72 trades (many are scaled in on the same move).
  • #266
  • Jul 10, 2018 11:51am Jul 10, 2018 11:51am
Scaling in on a EURUSD buy here

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Price popped above the 200 EMA and then dropped down a bit, then popped above again. Entered on subsequent bars after PA closed above the 200 EMA. In right now for two separate orders of 2.5 lots each.
  • #267
  • Jul 10, 2018 12:01pm Jul 10, 2018 12:01pm
Not to overly complicate Sys' system, but I have added a daily Fibo draw for price levels and a CCI indicator. The CCI indicator is fairly accurate in forecasting whether counter trend trades will be successful. I'm not really using CCI to decide trades however, something I'm tracking seperately for correlations.

I'm looking for EURUSD to test the 23.6 Fibo line (1.17463) after PA reliably moves above the 200 EMA (i've moved my TPs slightly below it for ~9 pips potential profit). Looking back to Sys' statistics, he shows that 200 MA price cycles move 10 pips 50% of the time and 30 pips 75% of the time. I'm taking fairly conservative TPs in this range (or below) in confluence with Fibo lines.
  • #268
  • Jul 10, 2018 1:14pm Jul 10, 2018 1:14pm
PA hit the 23.6 Fibo line. Here's where I'm not 100% sure what to do. My TPs were hit for a nice 9.3/9.6 pip profit for both 2.5 lot orders. Would appreciate any input, especially from Sys

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  • #269
  • Jul 10, 2018 8:29pm Jul 10, 2018 8:29pm
What are your guys thoughts on trading pairs other than EURUSD and USDJPY with this system? I know that Sis only put those two pairs into the rules, but I'm not sure why. I often have difficulty understanding why certain systems only work for specific pairs. Anyone know why that's the case?
  • #270
  • Jul 10, 2018 8:39pm Jul 10, 2018 8:39pm
Quoting Jakob99
What are your guys thoughts on trading pairs other than EURUSD and USDJPY with this system? I know that Sis only put those two pairs into the rules, but I'm not sure why. I often have difficulty understanding why certain systems only work for specific pairs. Anyone know why that's the case?
The answer is because he ran the statistics for those pairs with this system and obtained the TP/SL and time/price cycles with the given EMAs. I am testing this system with ALL the major pairs to see if it works. He only ran stats on the two you mentioned (I think) so that isn't to say this won't work with them. I'm being conservative with the TP and price/time cycle assumptions however as I'm sure they are different by a certain standard error than the two he ran.

I'm trading so frequently though that it won't be until a bit (~1 month) that I can go back to verify whether other pairs match the systems stats.

As an afterthought to this post, I'm 100% POSITIVE that the time/price cycles are different however so far with the right money management and scaling i've been able to come out ahead. I don't think I'm going to be able to generate the MAE/MFE and cycle info that Sys did with the other pairs however.
  • #271
  • Jul 10, 2018 8:47pm Jul 10, 2018 8:47pm
This sounds kind of simplistic, and lacking any statistical evidence, but the important reason you cut your losers is because you were WRONG. PA is moving against you, and is doing so very likely in a trend.

Example on how you should ideally trade and react to a loser:

1. You go in light on a event (e.g. PA closes below 50 EMA) with 0.25 lots
2. It becomes obvious (as the statistics show) that PA has moved against you, and PA crosses and closes above 50 EMA.
3. You close your sell order for a loss of perhaps 5 to 8 pips
4. You go in medium with 1-2 orders totaling 0.5 lots (TP of 4, SL 36)
5. PA is likely going to continue to trend above the 50 EMA so you will have additional opportunities to scale in
6. Ideally, you will capture the new price cycle with 3-4x the lots you used in the sell order

This is what I have been doing after I cut my losers, and as long as i'm not trading during extremely low volatility session times it has been more or less consistent. The price and time cycles are NOT always consistent, and that is why error'ing on the low side with smaller TPs is very very VERY important. Don't get attached to losers. Cut them and MOVE ON.
  • #272
  • Jul 10, 2018 9:55pm Jul 10, 2018 9:55pm
Quoting Jakob99
What are your guys thoughts on trading pairs other than EURUSD and USDJPY with this system? I know that Sis only put those two pairs into the rules, but I'm not sure why. I often have difficulty understanding why certain systems only work for specific pairs. Anyone know why that's the case?
Most likely E/U and U/J were chosen for their low trading costs = spread.
why would you chose a pair with a spread of 3 pips if you can do with a pair with a spread of 1 pip or lower.
no need to try other pairs.
common sense people
  • #273
  • Jul 10, 2018 10:32pm Jul 10, 2018 10:32pm
Quoting yonnie
{quote} Most likely E/U and U/J were chosen for their low trading costs = spread. why would you chose a pair with a spread of 3 pips if you can do with a pair with a spread of 1 pip or lower. no need to try other pairs. common sense people
Common sense is good. Still, no harm in simply asking a question. Positivity and acceptance are virtues my friend! Happy trading nonetheless
  • #274
  • Edited 5:02am Jul 12, 2018 4:47am | Edited 5:02am
Good day today....great week. Loving this system so far, Thanks Sis.yphus
Edit: please ignore the open trades on my charts as I have multiple ea's under test on this account.
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  • #275
  • Jul 12, 2018 5:02am Jul 12, 2018 5:02am
Quoting Moof
Good day today....great week. Loving this system so far, Thanks Sis.yphus {image} {image} {image}
Nice work, i've cracked 1200 pips and just over $1000 starting with a $100 live account since friday.

Curious to know what EA you're running? I run one that auto sets TP 4 and SL 36.
  • #276
  • Jul 12, 2018 5:23am Jul 12, 2018 5:23am
Quoting djhenry1981
{quote} Nice work, i've cracked 1200 pips and just over $1000 starting with a $100 live account since friday. Curious to know what EA you're running? I run one that auto sets TP 4 and SL 36.
Just a order entry tool I built on one of those ea builder websites (not sure I'm allowed name the website here?)
The box with 5 in it is risk%(yeah I Know It should be set to 0.33)
CL closes all long positions
CS.....short positions only
the rest is pretty self explanatory.

Well Done on your results but watch your risk, 1000% per week is unsustainable....slow and steady...I've found overconfidence is a killer.
Now is the time you really want to reduce your size you have a nice little account there to work with.
  • #277
  • Jul 12, 2018 6:14am Jul 12, 2018 6:14am
Quoting Moof
{quote} Just a order entry tool I built on one of those ea builder websites (not sure I'm allowed name the website here?) The box with 5 in it is risk%(yeah I Know It should be set to 0.33) CL closes all long positions CS.....short positions only the rest is pretty self explanatory. Well Done on your results but watch your risk, 1000% per week is unsustainable....slow and steady...I've found overconfidence is a killer. Now is the time you really want to reduce your size you have a nice little account there to work with.
Just took some more on EU, and i'm done for the day, I've withdrawn my initial amount and lowering, my risk this last week started off at 0.3 lots per $1000 and i dropped it two days ago to 0.25 lots, and today down to 0.2 lots, managed 120 pips today, which is lower than average, but as you said, overconfidence and emotions are a big killer of accounts, and I feel myself entering the danger zone, so its time to have a break.

I was looking at writing an EA for the TP management, especially stacking, one where, when you open trades, assuming it's at a higher price than your previous entries, it moves ALL the tp's to +4 from your last entry, saves manually moving, i've missed a few pips because of this when you're just almost at a TP and a new trade presents.
  • #278
  • Jul 12, 2018 6:41am Jul 12, 2018 6:41am
Quoting djhenry1981
{quote} I was looking at writing an EA for the TP management, especially stacking, one where, when you open trades, assuming it's at a higher price than your previous entries, it moves ALL the tp's to +4 from your last entry, saves manually moving, i've missed a few pips because of this when you're just almost at a TP and a new trade presents.
I hear ya, I dont know how to code, but Ill give this a go on the EA builder over the weekend, not sure its capable though
  • #279
  • Jul 12, 2018 7:16am Jul 12, 2018 7:16am
Quoting djhenry1981
{quote} Just took some more on EU, and i'm done for the day, I've withdrawn my initial amount and lowering, my risk this last week started off at 0.3 lots per $1000 and i dropped it two days ago to 0.25 lots, and today down to 0.2 lots, managed 120 pips today, which is lower than average, but as you said, overconfidence and emotions are a big killer of accounts, and I feel myself entering the danger zone, so its time to have a break. I was looking at writing an EA for the TP management, especially stacking, one where, when you open trades, assuming...
Nice work on the risk management / stacking. Can you provide the EA builder you're using or your current build? I'm working on a similar EA for this (very very simple, will likely only throw alerts) and want to add the scaling element to it.
  • #280
  • Jul 12, 2018 7:27am Jul 12, 2018 7:27am
My EA is a really basic one, it just sets the initial TP and SL as each trade as its placed.

I'm trying tp modify the code myself, to achieve stacking TP's but it's not working yet.
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