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The Killing Floor

  • #381
  • Aug 17, 2018 4:37pm Aug 17, 2018 4:37pm
Quoting Ivanyo
Shame this thread has come to this... I guess what people need to understand is that although there is a 80-90% win ratio with TP 4 pips and SL 36 pips, you do not hold until you hit the full 36 pip stop loss. That is there for you in case of emergency (lose power, lose internet connection etc etc). In reality, I personally hold and if it goes to -15 pips I am out. If you randomly enter trades, you will have an 80-90% win ratio per sis analysis. However you need to remember we are not entering trades randomly - we are entering them at the optimal...
Exactly, trade it how it works for you, or don't, it doesn't matter to anyone. I'm having success with the system, and idc if losers like metta don't believe me.

I crunched some data the other day, was able to determine that ~90% of your 4 pip winners, will NOT exceed 15 pips draw down, and ~95% will not exceed 21 pips. So as you say, letting a loser run to 36 pips should rarely, if ever happen, it's an emergency stop, but some people cant seem to grasp this simple concept.

These figures were based on 310,612 trades, following all 7 rules mechanically over a 15 year period on EU. I'm yet to simulate the time MAE and MFE vs Candle hold time, my PC is still crunching the data.

I trust Sis's stats, but it's unknown which pair he used, or whether he used both pairs, in any event he's gone for a bit, and I want to break down his stats a bit more specifically into pairs, time of day, day of week and determine for myself whether this impacts MAE/MFE and if so, how it can be exploited for profit. There might be a difference, UJ behaves differently in the Asian session than EU for example, so, IMHO that should be factored in statistically when making trading decisions, rather than a simple 15 or 21 pip hard fixed SL. I'm yet to run the simulation on UJ as i'm still crunching numbers for EU. But it will happen, in time.

I like statistics, and ultimately, i'll program an Excel App and gives you a perspective candle by candle, trade by trade, based on time of day, day of the week and rule, to allow you to make better trading decisions. EG. When to hold, when to abandon ship and when to stack the hell out of it.
  • #382
  • Aug 17, 2018 8:33pm Aug 17, 2018 8:33pm
Quoting RondaRousey
{quote} The killing floor? you got killed by the markets looking at your TE. It happens to noobs. Don't care how smart you are. Brains does not equal profits Yet to see a profitable trading system on FF backed by a profitable TE. It's noobfactory after all, newbies join and years,a decade later they are still a noob. You join as a noob and leave as a noob. Wiser for the experience but still an unprofitable noob. Experienced noobs spend a lot of time on FF teaching new noobs to be a more experienced noob-that is what noobfactory offers
"Yet to see a profitable trading system on FF backed by a profitable TE. "....me too bro. There is no one out here in loserville including you and me :-)
Staying in my lane...
  • #383
  • Edited Aug 18, 2018 12:18am Aug 17, 2018 8:40pm | Edited Aug 18, 2018 12:18am
Quoting AmmaBoss
{quote} my god you are an idiot, you stack entry therefore it will vary but the principles of the system is base on 1/9 RRR. And again you dodge my questions and responds with some bs that 100% false. TP OF 4 SL of 36 variation occurs however due to stacking ofc so call it whatever RRR you want. It only takes a few min to understand the system the OP , he describe it in details on the first page , then I took a few min and read thru some of the addition post he made. Then apply some logic and realize that even if there was an edge in the method...
The only time reverse RR works in my experience is when you have a PROVEN strategy with 80+% entry accuracy backed by at least 500 trade stats and supported by myFXbook to believe in your entry system. I focus on both entry and exit accuracy...they are the holy Grail. Everything else is just garbage in your trading stats.

Edit: By Entry/Exit %Accuracy, I mean the one that myFXbook beautifully displays for historical trades once you authenticate your account information. I believe it is the only site that has this capability.
Staying in my lane...
  • #385
  • Aug 18, 2018 1:25am Aug 18, 2018 1:25am
Quoting VEEFX
{quote} "Yet to see a profitable trading system on FF backed by a profitable TE. "....me too bro. There is no one out here in loserville including you and me :-)
Dude, I am on your ignore list. Why are you replying to my post?

If you have over 100 posters on your ignore list then what is the point of being on FF? Obviously you hate being on forums, why still be around?
You came here for the truth and let me unveil it for you
  • #386
  • Aug 18, 2018 2:03pm Aug 18, 2018 2:03pm
Quoting AmmaBoss
{quote} swear to god you are the literally blind and your post make zero sense.
Let me get this right , please tell me if i am misunderstanding what you just said.
Based on 310,612 trades, following all 7 rules mechanically over a 15 year period on EU , you have determine that 90% of the time your 4 pip winner will not experience draw down of 15 pip ?
If this is true then with a 16pip stop loss you would win 9 out of 10 trades.
that means for every 10 trade you take you would have a net gain of 9 x 4 = 36 - 16 = 20 pip.
with a trade risk of 6 %...
It's like talking to a brick wall here, one last post and you stay permanently on my ignore.

The concept you fail to grasp is that if you is that if you cut your losses at 16 pips automatically you will instantly LOSE more, and therefore your win rate will not be 90% win rate.

What I said was very clear.... If you set a 36 pip stop loss, (albeit the part you don't seem to understand that this is an emergency stop and should not ever be taken out, trades should be cut based on dynamic statistics as the trade progresses and the if the probabilities of each trade becomes a loser outweighs the probability of it becoming a winner, this can be down, with a combination of time and MAE/MFE, these concepts appear well beyond your intellect.), 90% of THOSE winning trades, didn't exceed 16 pips draw down. If you were to sett a 16 pip draw fixed SL, your win rate doesn't stay at ~90%, it drops, it's simple math, it drops on my figures to 81.87% You also failed to take into account, trading costs and commissions, in your 'sophisticated math'.

I'm happy to go about my trading and keep trading this method and gathering the stats for individual pairs, and i'm happy to share my findings, i might even share my excel app when I'm done, it's no skin off my nose whether you believe me, trade this system or not. However, those who want help i'll happily help them understand it. I'm not selling anything, I'm not forcing you to trade this method. If you don't think it works, that's fine, move along, you're not welcome here.
  • #387
  • Aug 18, 2018 2:20pm Aug 18, 2018 2:20pm
Quoting djhenry1981
{quote} . However, those who want help i'll happily help them understand it. I'm not selling anything,
You can help by posting examples of actual trades showing entries and exits and rational for cutting losses and stacking up winners and believe me that is not spoon feeding, that is how a trading system thread post should be administered. Without these the "stats" give very little comfort.
Let it turn and find your entry.
  • #388
  • Aug 18, 2018 2:23pm Aug 18, 2018 2:23pm
Quoting RondaRousey
{quote} Dude, I am on your ignore list. Why are you replying to my post? If you have over 100 posters on your ignore list then what is the point of being on FF? Obviously you hate being on forums, why still be around?
Come on now. Don't be dense! I have written two dozen posts on why I put all the good, the bad and the ugly folks on Ignore so read up bro. I even have members who are now dead or left FF on my ignore list. What I am doing is more symbolic in nature....to show people where they belong and to stop spreading the hogwash nonsense. My actions are only driven by my own research based on process of elimination. Why the f*uck would I listen to idiots who are not aligned with my understanding of markets? I am openly advocating everyone to do what i am doing! This is the only way to get the nonsense clutter from our minds from what the factory has to offer. Pick one member who has the balls to put their own subscribers on ignore? That's me bro practicing what I preach. I am NOT here to please anyone or seek an army of subscribers nor am I here to get pleasure out of someone's misery of seeing repeat failures.

I do realize putting everyone in one bucket is not fair so I am un-ignoring folks from my list too as and when appropriate. I can also tell who is emotionally stable in life just by seeing how they respond to my ignore action LOL

You are a straight shooter and I like that about you. I think I put you on ignore at the same time I did to Neildigest. The shit talk about DavIT became too much for me to handle. Hate is just not a good place I want to me in.

On the flip side, you have pounded your chest many times about your own success and yet there is no evidence. Get it now?
Staying in my lane...
  • #389
  • Aug 18, 2018 3:01pm Aug 18, 2018 3:01pm
Quoting Intrepidpips
{quote} You can help by posting examples of actual trades showing entries and exits and rational for cutting losses and stacking up winners and believe me that is not spoon feeding, that is how a trading system thread post should be administered. Without these the "stats" give very little comfort.
Noted, it is however difficult in 'real time' as often trades are in and out within a candle or two. (more often than not) I can post stuff in hindsight, but then the trolls are like 'oh that's easy' blah blah blah or that's it's photo-shopped, cherry picked, etc. Those people will continue to be added to the ignore.

However i have another idea, I've got an indi called snapshot2.

I'll throw it on my chart it auto takes a screen shots automatically every 5 minutes, i'll mark up some charts next week that of actual trades I've taken with rational for them. Hope this will help.
  • #390
  • Aug 18, 2018 3:43pm Aug 18, 2018 3:43pm
Quoting djhenry1981
{quote} It's like talking to a brick wall here, one last post and you stay permanently on my ignore. The concept you fail to grasp is that if you is that if you cut your losses at 16 pips automatically you will instantly LOSE more, and therefore your win rate will not be 90% win rate. What I said was very clear.... If you set a 36 pip stop loss, (albeit the part you don't seem to understand that this is an emergency stop and should not ever be taken out, trades should be cut based on dynamic statistics as the trade progresses and the if the probabilities...
You clearly stated
Quoting djhenry1981
{quote}I crunched some data the other day, was able to determine that ~90% of your 4 pip winners, will NOT exceed 15 pips draw down, and ~95% will not exceed 21 pips
you claim that 90% of your 4 pip winners will not exceed a draw down of 15 pip.
To me this information can be interrupt 2 ways :
90% of your total trade would not exceed a 15 pip draw-down .
90% of your winning trade does not exceed 15 pip draw-down.
While the words winners hinted you were referring to the second option , the reason I assume it was the first is because telling us that 90% of your winners does not exceed 15 pip draw-down is very misleading as it made no mention of the total amount of trades taken.
For example you can take 100 trades, win 50 and lose / cut the other 50 before they exceed 15 pip drawdown. ( which would most likely result in a net loss )
I assume you were giving us relevant stats and therefore it would have to be options one as option two is missing key pieces of information that I would have to assume you intention left out if indeed you were referring to number two.
I understand the method but you are constantly posting useless stats or stats with missing key element.
Again If I am wrong tell me but this statement but the below statement is literally useless information as you made no mention of the total amount of trade taken if you were referring to option 2 :
Quoting djhenry1981
{quote}I crunched some data the other day, was able to determine that ~90% of your 4 pip winners, will NOT exceed 15 pips draw down, and ~95% will not exceed 21 pips
  • #391
  • Aug 18, 2018 3:56pm Aug 18, 2018 3:56pm
Quote
I crunched some data the other day, was able to determine that ~90% of your 4 pip winners, will NOT exceed 15 pips draw down, and ~95% will not exceed 21 pips

My statement is crystal clear. I stated winners, not trades.
  • #392
  • Aug 18, 2018 4:00pm Aug 18, 2018 4:00pm
Quoting djhenry1981
{quote} My statement is crystal clear. I stated winners, not trades.
Then the information is very misleading as you made no mention of losers or the percentage of winning trades from total trades , so the entire statistic is literally useless can we agree on that?
  • #393
  • Aug 18, 2018 5:10pm Aug 18, 2018 5:10pm
Quoting AmmaBoss
{quote} Then the information is very misleading as you made no mention of losers or the percentage of winning trades from total trades , so the entire statistic is literally useless can we agree on that?
No
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  • #394
  • Aug 19, 2018 11:10am Aug 19, 2018 11:10am
Quoting djhenry1981
Personally I find if i physically see my trade screen saying -$2 i dont give a fuck, but if i see my screen showing -$2000 i self doubt. That's the purpose of using lower account to trade with and copying to larger accounts, before you start nit picking and carrying on.
Wow... great idea!
  • #395
  • Aug 19, 2018 1:23pm Aug 19, 2018 1:23pm
Quoting davelansing
{quote} Wow... great idea!
There are decent local trade copiers of free, I set up a VPS with and MT4 with several windows11all with trade sender (which is also my trading terminal on my PC), then i set up my client terminals, log them into different accounts. As I trade on my home PC, the remote terminal sends the trades out within a couple of milliseconds and i'm loaded up. It has a bunch of other features as well, eg. Say i have $50 in my account, and $1000 in my trading terminals, it will auto lot size accordingly. 0.01 lots on my trading terminal would be 0.20 lots on my others.

Exceptionally useful psychologically, IMHO. It just a bit fiddly to get going, but once it's running on a VPS with 100% uptime, and programs to restart the terminals if they crash or whatever, they almost always reflect each other in terms of $ give or take a small amount.
  • #396
  • Aug 19, 2018 2:04pm Aug 19, 2018 2:04pm
Quoting djhenry1981
Personally I find if i physically see my trade screen saying -$2 i dont give a fuck, but if i see my screen showing -$2000 i self doubt. That's the purpose of using lower account to trade with and copying to larger accounts, before you start nit picking and carrying on.
Yep..same reason why I rum my EA parallel in demo and live accounts. I rather fool around in demo if I get the itch to think I am smarter than the market :-)
If I am not sure of my actions, I rather try my "what-if" scenarios in demo first....so I like my demo to mimic live in all aspects of RM/MM. It just helps with the "deer in the headlights" brain freeze moments.

Quoting djhenry1981
{quote} There are decent local trade copiers of free, I set up a VPS with and MT4 with several windows11all with trade sender (which is also my trading terminal on my PC), then i set up my client terminals, log them into different accounts. As I trade on my home PC, the remote terminal sends the trades out within a couple of milliseconds and i'm loaded up. It has a bunch of other features as well, eg. Say i have $50 in my account, and $1000 in my trading terminals, it will auto lot size accordingly. 0.01 lots on my trading terminal would be 0.20...
I don't trust trade copiers for the same reason I don't trust VPS or compiled code with DLLs. Wondering if you have source code of such copiers in mq4 for me to create one of my own?
Staying in my lane...
  • #397
  • Aug 19, 2018 3:01pm Aug 19, 2018 3:01pm
Quoting VEEFX
{quote} Yep..same reason why I rum my EA parallel in demo and live accounts. I rather fool around in demo if I get the itch to think I am smarter than the market :-) If I am not sure of my actions, I rather try my "what-if" scenarios in demo first....so I like my demo to mimic live in all aspects of RM/MM. It just helps with the "deer in the headlights" brain freeze moments. {quote} I don't trust trade copiers for the same reason I don't trust VPS or compiled code with DLLs. Wondering if you have source code of such copiers in mq4 for me to create...
What sort of thing is possible with compiled code with DLLs? You mean it's possible for the program to upload your EAs or Indicators to back home?
  • #398
  • Aug 19, 2018 6:12pm Aug 19, 2018 6:12pm
Quoting VEEFX
{quote} Yep..same reason why I rum my EA parallel in demo and live accounts. I rather fool around in demo if I get the itch to think I am smarter than the market :-) If I am not sure of my actions, I rather try my "what-if" scenarios in demo first....so I like my demo to mimic live in all aspects of RM/MM. It just helps with the "deer in the headlights" brain freeze moments. {quote} I don't trust trade copiers for the same reason I don't trust VPS or compiled code with DLLs. Wondering if you have source code of such copiers in mq4 for me to create...
Nah sorry mate, I use fx blue personal trade copier, it's free and simple to use, but i don't think it comes with the source.
  • #399
  • Aug 19, 2018 6:12pm Aug 19, 2018 6:12pm
UJ trades this morning.
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  • #400
  • Aug 19, 2018 7:46pm Aug 19, 2018 7:46pm
More UJ
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