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8 Years Later - Still Not Winning

  • #461
  • Sep 27, 2018 11:26pm Sep 27, 2018 11:26pm
Quoting tiago
..I will also be filming a Forex documentary starting this November and will be posting it on Youtube for free, it will be called "Breaking Forex".... cheers
Kewl

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  • #462
  • Sep 27, 2018 11:38pm Sep 27, 2018 11:38pm
Quoting JsCave
{ they advised me to stop trading but now i just trade for enjoy nothing more with small accounts or bonus accounts i hope that answered your question :") Cheers
Nothing wrong with that and your honesty is appreciated... thats what most people will gravitate too in the end; is some kind of gambling system because they are missing a few main ingredients on real market behavior. Ingredients guarded by the few who were lucky enough to be shown by someone else. Its not the sort of things that are easily worked out or stumbled upon. Thanks





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  • #463
  • Sep 27, 2018 11:56pm Sep 27, 2018 11:56pm
Quoting rover99x
{quote} Sorry CindyXXXX but where's 100k come from?
I was just making the point that you cant compare fund manager (%) returns to retail trader returns because its a different game...

thats all

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Go and bet a million dollars on a small horse race and see what you do to the odds

theres not enough liquitdity on the other side of your bet to cover your win so naturally the bookie covers his risk and the price you receive mirrors this

its the same logic in any market
Time hides Nothing
  • #464
  • Sep 28, 2018 12:50am Sep 28, 2018 12:50am
It sounds like a funeral here.

What's wrong with you ppl here?

When I started trading forex no one knew how to trade. No one had lost so much money yet for open gasket sessions like this. There was so much hope. Hope to find the holy grail. Most ppl thought there was only one holy grail and the race was to be the one who finds it. Nope, there are many.

There was not many EAs around. No one really knew how to make them and MT's language was evolving. Small library and basic stuff. ppl who knew c++ were kings because they could use their programming skills to decipher MT's language. No MQL5 and no code base and no sites dedicated to such and no one selling EAs and indicators or looking to program them for anyone for a fee let alone for free. For FX forums, there was Oanda forum and if there were others, they were small and unknown. Go read early Oanda forums to see what I mean.

It was a barren desert and yes we were looking for water. I wasn't very successful and other than occasional gains, I was doing poorly so I eventually cleared my accounts and left.

Around a year ago, something came up that made me want to come back and take another look. Surely after 10 years of playing with this sh...t, there must be something that I had learned that I could use to find me an advantage in the market. No?

So I crawled up from the rock I had been hiding under in that desert of early days expecting to find sand and the usual hot unforgiving sun. Instead, I found myself in an oasis of plethora. 1000's of free EAs and indicators. 1000's strategies. Many forums, MQL5? I couldn't believe it. If I could survive with nothing in the desert, what could I accomplish in this new world of Forex plenitude? Turns out, quite a bit.

This image here is from an account started Sept 3 til now. Just one of them. I have 10 accounts, all different strategies and all winning. I have at least another 10 successful strategies on the shelf that aren't good enough for me. I have from now until forever to test many other ones that I have no time for. I have built or modified EAs with ease. The Ea for this one, I made in an hour. Copy and paste style. I'm not even a programmer.

Bottom line, get ur arse off the funeral procession and make an effort to find a winning system. Manual, semi or all auto. Piece of cake.

And those ppl writing stuff like 95% of traders are losing and you have to be a professional trader and markets are manipulated and brokers are corrupt and bla bla bla, you all make me sick to my stomach.
Attached Image (click to enlarge)
Click to Enlarge Name: Sysrem 1.jpg Size: 92 KB
  • #465
  • Sep 28, 2018 12:55am Sep 28, 2018 12:55am
Quoting OutThere
It sounds like a funeral here. What's wrong with you ppl here? When I started trading forex no one knew how to trade. No one had lost so much money yet for open gasket sessions like this. There was so much hope. Hope to find the holy grail. Most ppl thought there was only one holy grail and the race was to be the one who finds it. Nope, there are many. There was not many EAs around. No one really knew how to make them and MT's language was evolving. Small library and basic stuff. ppl who knew c++ were kings because they could use their programming...

Great post i must say...Exactly how i feel....
  • #466
  • Sep 28, 2018 1:51am Sep 28, 2018 1:51am
Quoting OutThere
It sounds like a funeral here. What's wrong with you ppl here? When I started trading forex no one knew how to trade. No one had lost so much money yet for open gasket sessions like this. There was so much hope. Hope to find the holy grail. Most ppl thought there was only one holy grail and the race was to be the one who finds it. Nope, there are many. There was not many EAs around. No one really knew how to make them and MT's language was evolving. Small library and basic stuff. ppl who knew c++ were kings because they could use their programming...
just a small comment on the attached screenshot with equity curve and stat.
it reads:
maximal drawdown: -30.30 (-0.42%)
relative drawdown: -0.43% (-16.97)

YET, just above, on current standing:
floating P/L: -2363.16

could that be worst than the current moment? ( an hour ago, a week ago, a month ago?) yes. and by how much one wont know without full access.

it is all looking good, and all, BUT please no one for a moment think that balance curve is the full picture!
i am 100% certain that 5% of the traders will only notice that, while 95% will just salivate over that balance curve, never a moment think the state of the equity ( your real money right now).

this little note is about take balance curves with a rather big pinch of scepticism! look for the real picture instead!
there is always, always another trade!!
  • #467
  • Sep 28, 2018 4:39am Sep 28, 2018 4:39am
Quoting OutThere
It sounds like a funeral here. What's wrong with you ppl here? When I started trading forex no one knew how to trade. No one had lost so much money yet for open gasket sessions like this. There was so much hope. Hope to find the holy grail. Most ppl thought there was only one holy grail and the race was to be the one who finds it. Nope, there are many. There was not many EAs around. No one really knew how to make them and MT's language was evolving. Small library and basic stuff. ppl who knew c++ were kings because they could use their programming...
you sound like anyone who want sell some expert advisors and write thats why such fake look alike textes,same you can read in any places where fake expert are sold!

your account looks exactly like a simple account win, done with arbitrage trading, in demo account best very easy, or in real account and impossible tell sell out. and then you take is as example you are a winner. sorry, buit this shot was done so often and shown so often, looks more a scam like a chance you are a real trader. together with your story, big red flag! ofc ourse in demo acocunt or some fake accounts or some fake startegies (you cant take money out) or fake brokers (own brokers to fake all), this result with 0,4 % drawdown is extrem easy to show, and you can sell then experts to idiots (or sell teaching the idiots with this faked part) who believe in this shit, but really, will you not make this story more realistic, so you dont look fake from the first second ?

maybe you are also only a hopeless martingale trader (you write like such persons sometimes), and your statsitic is wothless and wrong in your picture and only calculated to closed trades, not real equity. and martingale (special in your style) is always a all win strategy, only on the end always a total loss.

but whatever it is in your case, you faked some or your are extrem unexperienced and show this useless picture with closed traded maybe only .... you are at least no sucessfull real trader, noone brings such crazy arguments as real trader!
  • #468
  • Sep 28, 2018 4:52am Sep 28, 2018 4:52am
Its the forum, you win you’re attacked by “losers” you lose you’re attacked by “winners” you don’t make a trade you’re attacked by people who do

But you dont need the forum to experience any of that... is just life.

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why do they put blinders on race horses... i have no idea
Time hides Nothing
  • #469
  • Sep 28, 2018 5:03am Sep 28, 2018 5:03am
Quoting profitfarmer
{quote} just a small comment on the attached screenshot with equity curve and stat. it reads: maximal drawdown: -30.30 (-0.42%) relative drawdown: -0.43% (-16.97) YET, just above, on current standing: floating P/L: -2363.16 could that be worst than the current moment? ( an hour ago, a week ago, a month ago?) yes. and by how much one wont know without full access. it is all looking good, and all, BUT please no one for a moment think that balance curve is the full picture! i am 100% certain that 5% of the traders will only notice that, while 95% will...
looks like total useless picture.
floating loss is there 2300, so the drawdown is very big in reality with him, so just normal trading, with good chance maybe even simple martingale.

the statistic numbers are only caluclated to closed trades (so useless), i dont know why he did not see its all wrong numbers and sended this picture. looks like a new trader.

i did see the flowating loss money also just in this moment. stupid to calculate all to closed positions, when the strategy will never close in loss and hold positions until its win or total worst case.
  • #470
  • Sep 28, 2018 6:37am Sep 28, 2018 6:37am
Thanks to those relating to my post.

I'm not selling any EAs. I'm sorry for teasing you guys with the report here. Yes it's a bit of a show off but my point is that it can be done.

The maximum DD on the report that MT4 generates has always been off in all instances. I keep track of max DD using other means. I can not be responsible for how MT calculates it's detailed report. I use other means of tracking max DD. I could go into it but then I'd be spooning you information about how to trade (That's your job to figure out from all the accumulated resources on the net and there is a lot) and my post wasn't about trading methods and yes, this pic doesn't tell the whole story, just a snapshot in time.

I only look at 2 figures among the stats: Profit factor and Expected payoff. I have other means of studying the detailed relationships and stats that are more accurate.

Martingale? Of course I use martingale. Such a valuable tool. I love Martingale method. I'd name my next kid's middle name Martingale and he/she would realize why I did it when they receive the inheritance. lol. I trade using many tools. Martingale is just one them. There is a lot of myth surrounding Martingale but he's a good guy if you get to know him well. Arbitrage? I've read about it but I haven't used it. Does it work in reality? If yes, then use it.

Also, who cares about the stats and the curve (even though it's pretty) and if it's based on closed trades ect.? Who cares what method was used? All that matters is DEPOSIT amount and EQUITY amount. How about available margin? Did anyone notice I'm trading with no risk at all right now? I have in excess of 200% risk to spare. I see how some people get distracted. This post wasn't about this particular trade report. It's about....you figure it out. If you think I could fake this report to cheer you up and encourage you, then ignore it and wallow in your sadness and revert to the old '95% lose' thing to make yourselves feel better.
  • #471
  • Sep 28, 2018 6:47am Sep 28, 2018 6:47am
Quoting OutThere
Thanks to those relating to my post. I'm not selling any EAs. I'm sorry for teasing you guys with the report here. Yes it's a bit of a show off but my point is that it can be done. The maximum DD on the report that MT4 generates has always been off in all instances. I keep track of max DD using other means. I can not be responsible for how MT calculates it's detailed report. I use other means of tracking max DD. I could go into it but then I'd be spooning you information about how to trade (That's your job to figure out from all the accumulated...

all fine. when its no sales pitch, then sorry and all best to your trading.

its just simple normal martingale trading what you do, what you see in any second thread with martingale.
martingale always works good when you dont use stoploss (what looks like this) until all is margin call.
maybe thatswhy you have this very small accounts sizes and split accounts, whatever.

good luck with this, anyone tried martingale in his beginning years. lets wait until 2-5 years, if you survived with this. 1 month shows with martingale nothing, even 1-2 years are near nothing.... many many are in first places in any trading platforms like mq5 and so on, and always (!!!) they lost all on the end. thats standard martingale of course, so just normal, you win until you lose all, you can lose all on first day or later.
  • #472
  • Sep 28, 2018 7:12am Sep 28, 2018 7:12am
Thanks. np.

I use SL very lightly. I use it when I don't need to use it if that makes sense. SL is only an emergency that I don't get close to meeting. I don't use it so liberally as it is promoted in this forum or by books or gurus. I could go on a rant against it but I do realize that we need liquidity in the Forex world and I'd be shooting myself in the foot if everybody didn't use their so called tight SL's.

As for using martingale for a month, lol, sorry I was using it when I didn't know it's name. I was disappointed when I found out it wasn't my own invention. I have been through all the twists and turns of martingale and every day that goes by, I love it even more. It's the sugar in my bakery and everyone knows how bad sugar is for you but it works especially when baking it in delicious goodies.

Let's see, I think around the second or third day I no longer had to worry about the consequences of using martingale or the ill effects of using tight SL or the worry of martingale blowing up on me. I could have closed everything in profit any day from there on and therefore, I have been in control all along. Actually (hint) even in the first few days I didn't have anything to worry about blowing up.

Gosh, did I say I love martingale yet? oh, everyone, don[t use it if you don't know how. It blows up your account.
  • #473
  • Sep 29, 2018 9:02am Sep 29, 2018 9:02am
But what does the Martingale actually mean: is it doubling your next position until win or blown account?
Or perhaps any adding to any (winning or losing) position?
Or something in-between? In that case, what is being said, if somebody says that "Martingale" is used?
  • #474
  • Sep 29, 2018 9:37am Sep 29, 2018 9:37am
Quoting drbrain
But what does the Martingale actually mean: is it doubling your next position until win or blown account? Or perhaps any adding to any (winning or losing) position? Or something in-between? In that case, what is being said, if somebody says that "Martingale" is used?
It has a bad name because people don't use it properly. When used incorrectly, the trader will add new trades of the same size as price moves against the trader. Where It goes wrong is there is no reason supporting these additional positions and typically with a technical analysis first approach has a high likelihood of blowing the account.

If used in the correct context and sized right it is a very good strategy to bypass timing accurate entries.
  • #475
  • Oct 14, 2018 1:11pm Oct 14, 2018 1:11pm
Quoting stoxos
{quote} Here modded with arrows at 180 as you want.. {file} P.s. Real name of indicator is WoodiesCCI.mq4
Good day what is the correct settings for the Woodies CCI.
  • #476
  • Oct 26, 2018 1:16pm Oct 26, 2018 1:16pm
Quoting EcoTrader
{quote} You know I have been nothing but respectful in my responses and to come back to me with this sort of bullshit really makes me want to forget about these sort of mobster forums full of wannabe traders who think they know everything and can't related to someone doing okay and need to whip out their manhood for a slinging contest . Maybe I wasn't clear when I said I am not interested in arguing but to throw a comment out calling my 20 years in the industry into question is by all accounts a provocative remark. Well done (clap clap clap) for...

Wow dude,

and yet you are saying that I do know everyting ?

I think you should back off from trading, it has made you way too agressive.

Sorry for my late reply dude, I was trading and enjoying my life instead of getting personnal and agressive about a post from an unknow guy.

Good luck to you man.

PS : I joined FF years after I began trading..., you that seems to know everything...
LDFX Trading Ltd
  • #477
  • Oct 26, 2018 1:19pm Oct 26, 2018 1:19pm
Quoting EcoTrader
{quote} It has a bad name because people don't use it properly. When used incorrectly, the trader will add new trades of the same size as price moves against the trader. Where It goes wrong is there is no reason supporting these additional positions and typically with a technical analysis first approach has a high likelihood of blowing the account. If used in the correct context and sized right it is a very good strategy to bypass timing accurate entries.
Only losers do that, those who do not know how to trade, period.

Give you a favor and learn about RISK.
LDFX Trading Ltd
  • #478
  • Edited 2:18pm Oct 26, 2018 1:24pm | Edited 2:18pm
Quoting dukas_trader
{quote} all fine. when its no sales pitch, then sorry and all best to your trading. its just simple normal martingale trading what you do, what you see in any second thread with martingale. martingale always works good when you dont use stoploss (what looks like this) until all is margin call. maybe thatswhy you have this very small accounts sizes and split accounts, whatever. good luck with this, anyone tried martingale in his beginning years. lets wait until 2-5 years, if you survived with this. 1 month shows with martingale nothing, even 1-2...

Dear EGOtrader,

you should definitely read the book "fooled by randomess", I think it would suit you very well.

UPDATE : I am sorry dukas trader, this post was not meant to you, I have requested a delete from forex factory, as you can guess it was meant to Ecotrader, sorry again to you and the readers :-p
LDFX Trading Ltd
  • #479
  • Oct 26, 2018 1:27pm Oct 26, 2018 1:27pm
Quoting EcoTrader
{quote} It has a bad name because people don't use it properly. When used incorrectly, the trader will add new trades of the same size as price moves against the trader. Where It goes wrong is there is no reason supporting these additional positions and typically with a technical analysis first approach has a high likelihood of blowing the account. If used in the correct context and sized right it is a very good strategy to bypass timing accurate entries.

Dear EGOtrader,

you should definitely read the book "fooled by randomess", I think it would suit you very well.
LDFX Trading Ltd
  • #480
  • Oct 26, 2018 2:28pm Oct 26, 2018 2:28pm
Quoting LDFX
{quote} Only losers do that, those who do not know how to trade, period. Give you a favor and learn about RISK.
I don't know how to trade. Well I did 110 percent in my previous year and since have put on almost 50 percent in 90 days - Yeah I sure don't know how to trade douchebag, do I!! Care to put your account where your mouth is?
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