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  • #16,041
  • Jan 10, 2019 11:13am Jan 10, 2019 11:13am
Quoting poopyguy
{quote} fomc next {image}
Could you explain the strategy?
  • #16,042
  • Jan 11, 2019 10:55am Jan 11, 2019 10:55am
I had an EA made to trade this strategy. Oanda uses MT4. This EA allows you to program a time when a trade is to be placed, then automatically manages that trade based on certain parameters you define.

I think there is a bug, because I can't get it to trigger at the right time. Sharing it to help everyone and to try to see if you can get it to work properly. But hypothetically, you don't need an alarm clock anymore Tony. Check the calendar once a week, program your trades, walk away. Come back next week to check profit and repeat.
Attached File(s)
File Type: txt WilsonTradeOnTimeOriginal.txt   22 KB | 410 downloads
  • #16,043
  • Jan 16, 2019 7:42pm Jan 16, 2019 7:42pm
Quoting groper
i dont get this... if the risk reward is always on your side - then you can simply place a trade each way both buy and sell, both with small SL and big TP - then it doesnt matter which way it goes you win correct? if not - then how does the system give you an edge?
Hi Groper, Im semi-professional and now that thread and tony quite a few years now. Of course you are right, to maximize the chances (not the money) you play on both sides.

At the end your profit curve will be the same as Tony's because he "doubles", or let's say you split- but of course you take all profits (and losts) in contrary to tony so at the end the difference will be that your equity curve will be a bit smoother,- but you don't earn more money.

What Tony uses is the huge imbalance on high news in Demand and Offer. So he has an market edge BUT: Don't expect huge gains out of that,- (that is the reason why Tony always put in as much as possible). Your Earning/Loss ratio will be around 1.1 - 1.4 ,- that's it. No more. And only if you stick to the rules and optimize the exit (easy exit is to close it at the end of the day depending on the currency (country) you trade).

It would be interesting to see Tony's losses and gains over last year. I assume that his profits will be around 120?xxxxx and the losses will be 100?xxxxx.

Most people expect too much out of a system. Tony started years ago with a 9 a.m. (CET) system, using a very tight SL and let it run if he was right. When you analyse Systems like that your edge is around 1.1 so you lose 1 $ and you gain 1.1 $ - over years. So now you can see how much you have to invest .

You can optimize that with some moneymanagement,- but you never can optimize the output in absolute numbers,- that's why tony's always going for everything. I have huge respect on his trades because I could NEVER trade like that. He optimized his behaviour on stock market and got rid of our "school system" in his mind. Every successfull trader has to do that in the beginning,- one of the toughest things to do because your quote when you are right is less than that you are wrong.

Tony pushes it to the max: 95% he is wrong with a loss of 20K, 5% he is right with a gain of 200K. Yes, I know. That is crazy. But that is why he earns money with it

@Tony: correct me if I'm wrong.
  • #16,044
  • Jan 17, 2019 7:30pm Jan 17, 2019 7:30pm
Quoting JackintheBox
{quote} Hi Groper, Im semi-professional and now that thread and tony quite a few years now. Of course you are right, to maximize the chances (not the money) you play on both sides. At the end your profit curve will be the same as Tony's because he "doubles", or let's say you split- but of course you take all profits (and losts) in contrary to tony so at the end the difference will be that your equity curve will be a bit smoother,- but you don't earn more money. What Tony uses is the huge imbalance on high news in Demand and Offer. So he has an market...

Very well explained Jack, couldn't have said it better. It's all about having a little bit of edge and being constant enough to follow your own rules. Smart guy here... could be my right hand lol
Invest in alarm clocks
  • #16,045
  • Jan 17, 2019 7:31pm Jan 17, 2019 7:31pm
Quoting quantt
I had an EA made to trade this strategy. Oanda uses MT4. This EA allows you to program a time when a trade is to be placed, then automatically manages that trade based on certain parameters you define. I think there is a bug, because I can't get it to trigger at the right time. Sharing it to help everyone and to try to see if you can get it to work properly. But hypothetically, you don't need an alarm clock anymore Tony. Check the calendar once a week, program your trades, walk away. Come back next week to check profit and repeat. {file}

Quantt, great job but it's better to spend time in front of the charts... you'll see things that you'll never forget or learn in any school.
Invest in alarm clocks
  • #16,046
  • Jan 17, 2019 7:35pm Jan 17, 2019 7:35pm
alert! tomorrow, there's the best* (*usually and not all the time) news most reliable news of the month: CAD CPI.

don't miss it. The plan is simple: 16 pips SL and 120 pips TP

Good luck.
Invest in alarm clocks
  • #16,047
  • Jan 23, 2019 7:19am Jan 23, 2019 7:19am
Crude oil inventories coming . The most Whipsawey news of the world.

Pushed back Thursday 11:00 est. because of the Martin Luther King Jr. Day 2019 in United States of America
Invest in alarm clocks
  • #16,048
  • Jan 24, 2019 4:22pm Jan 24, 2019 4:22pm
I've been rolling through thick mud and swamps recently... Everything's been like fighting with the devil. News have been whipsawing and I've thrown a dice on number 1, 6 times in a row.

I'm gonna have to reduce the take-profits to 40 or 50 pips in order to create a smoother curve of profits. Also, we're gonna have to go for the cream of the Crop, ain't no more trading Draghi or other cheap news.

We're going back to golden values or we'll lose everything.
Attached Image(s) (click to enlarge)
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Invest in alarm clocks
  • #16,049
  • Jan 26, 2019 4:14am Jan 26, 2019 4:14am
Quoting Tony112
{quote} I also thought that when I started trading 15 years ago. There is no consistency in that I could post a hundreds charts of the seconds before news. Sometimes it follows, somethings it's the complete opposite, sometimes it's whipsaws and complete chaos. Don't trust and pre-news move. There is a lot of volatility and the price can go either way. Use a SL all the time and don't try to predict anything.
ohh tony if you remember me !!!! you said "I started trading 15 years ago" and "don't try to predict anything."

thats sounds like tough life.
In the court of lord, only love and devotion is counted...
  • #16,050
  • Jan 26, 2019 6:12pm Jan 26, 2019 6:12pm
Quoting nadiyakinare
{quote} ohh tony if you remember me !!!! you said "I started trading 15 years ago" and "don't try to predict anything." thats sounds like tough life.

The moves before the news don't always predict the direction of the news.

I'm just lowering my take-profits because of low volatility after news. I will also be selecting the hall of fame news only.

Same method here, never giving up through a streak
Invest in alarm clocks
  • #16,051
  • Jan 30, 2019 6:30am Jan 30, 2019 6:30am
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Invest in alarm clocks
  • #16,052
  • Jan 30, 2019 2:11pm Jan 30, 2019 2:11pm
Yep. I took the trade @8pm CET of the FOMC news: XAUUSD is in a major uptrend since Friday 25th as off 230pm CET (830am ET). I opened a B with 25% of AC @ 755pm with price of 1310. When the news came out: USD went through the floor and XAU through the 1310 roof.... I added an B limit order @ 1320 with 50% of AC .

As I can not monitor the trade during European night, I placed a stop for both trades @ 1317 and pt@1325. In worst case scenario I break even: trade 1310 up 7 and trade 1320 loss of 6 (2x3). In best case: gain of 10 with trade 1320 (2x5) and for trade 1310 a solid 15. In total 25 (which comes down to 10% capital increase of my account). Not bad euh for one trade? . Is the learning curve of more than 10 years practise with more than 60K trades (average of 500/month) finally ripe for juicy fruits?
Attached Image (click to enlarge)
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A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #16,053
  • Jan 30, 2019 4:20pm Jan 30, 2019 4:20pm
Quoting Harry6
Yep. I took the trade @8pm CET of the FOMC news: XAUUSD is in a major uptrend since Friday 25th as off 230pm CET (830am ET). I opened a B with 25% of AC @ 755pm with price of 1310. When the news came out: USD went through the floor and XAU through the 1310 roof.... I added an B limit order @ 1320 with 50% of AC . As I can not monitor the trade during European night, I placed a stop for both trades @ 1317 and pt@1325. In worst case scenario I break even: trade 1310 up 7 and trade 1320 loss of 6 (2x3). In best case: gain of 10 with trade 1320 (2x5)...

Harry this is the cream of the crop.
Invest in alarm clocks
  • #16,054
  • Feb 1, 2019 3:51pm Feb 1, 2019 3:51pm
This week, my account grew by 103%. In other words my account balance has more than doubled.

Keep up the good work, Tony.
Invest in alarm clocks
  • #16,055
  • Feb 1, 2019 4:13pm Feb 1, 2019 4:13pm
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Invest in alarm clocks
  • #16,056
  • Feb 1, 2019 11:25pm Feb 1, 2019 11:25pm
Quoting Tony112
This week, my account grew by 103%. In other words my account balance has more than doubled. Keep up the good work, Tony.
Did you trade the way you said you would? Only the cream? 16 SL. 40 or 50 Pip TP?
  • #16,057
  • Feb 3, 2019 2:35pm Feb 3, 2019 2:35pm
Quoting Tony112
{quote} Harry this is the cream of the crop.
Thanks Tony and............the market reversed. Price went to 1326 and then reversed......So being stopped out for both trades @ 1317, I left with the crop intact and NO cream. Break even. Still OK. Chances are all around 24/7
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #16,058
  • Feb 3, 2019 4:24pm Feb 3, 2019 4:24pm
Quoting billbss
{quote} Did you trade the way you said you would? Only the cream? 16 SL. 40 or 50 Pip TP?

I took smaller profits around 60 pips and many of the trades turned good with max leverage of course
Invest in alarm clocks
  • #16,059
  • Feb 6, 2019 9:26am Feb 6, 2019 9:26am
we are alone.
Invest in alarm clocks
  • #16,060
  • Feb 9, 2019 7:08am Feb 9, 2019 7:08am
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Invest in alarm clocks
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