Hanover replies to PMs

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"2. I've been spending too much time at the computer, which has led to eyestrain and headaches. I've also lost enthusiasm for trading forums, and without wishing to sound condescending, a major reason is a deterioration in the quality of conversation. Back in 2006, it was relatively easy to find humble folk who were happy to discuss worthwhile ideas in a civil and intelligent manner. Whereas more recently, the discussion seems to have shifted away from ideas and more toward people: "

I feel you.

FF

"3. I've had a gutsful of the FALSE and hurtful accusations that I was posting here for personal or commercial gain. I'm not going to publicly disclose my financial situation, all I will say is that I quit working more than a decade ago, "


I understand.

Look at my case.

FF

If you would do and conduct yourself only 50% of what this true trader's gentleman did, you would enjoy the same respect and adulation from other traders me included.
Gonna miss you Mr. Hanover and God bless.

GS.

You deserve what you received. Your stuff is not bs. Yet you have a hidden agenda and people can see it from the very beginning, plus all the manipulative shit.

This place continues to lose it's very best and no wonder why. I've been around here for half a dozen years or so and you Sir, are a legend. The amount of time and effort it must have taken you to not only code and test all the products you've produced but to then post instructions in the detail you have is just amazing. How anyone can have one bad word to say about you is just beyond belief.

I wish you the very best and thank you so much for an amazing contribution over the years I've been here. Maybe you should meet up with Davit, RJ, Strat, James16 and a few others, you all have something in common. Cheers David.

great thread

Some make marks other stains, Hanover you have made marks all over. Thank you forever and ever for what you have done to this community.

Hello hanover.

I came across your threads just recently and i am amazed how much you shared info here.

However, I just wanted to say that I am a recent graduate from University and now i am learning fundamentals and beginning my journey in trading world . If it would be possible, please how can I contact you for some advice ? I do have some questions and I do believe you could help me. I am having some difficulties with the data and indicators. If you read this message, please let me know if it is ok to contact you.

Hope to hear from you.

Best

carbon25

Yes, I have left FF, I'm not answering anybody's questions or engaging in any discussions. This is a one-off post.

For anybody who's been following, I just got the latest annual update on my managed account, and I've updated my post here. If you think this is getting to the too-ridiculous-to-possibly-be-true stage, well I'm inclined to agree with you. But I guess I won't know for sure until I go to close the account.

Thanks again to everybody who posted kind comments.

I believe you 100%.

Perhaps if I explain a little about my background you'll understand better.

Software development was my career after I left high school in 1979. I was fortunate enough that, through Y2K and some large corporate contracts, I made enough money from IT (and various other family businesses and investments) to retire in 2004. My wife and I have hobbies that we enjoy, to help fill our leisure time. I've always been fascinated by math, probabilities, games of chance; when younger, I played a lot of poker, blackjack, backgammon, and many others. A friend introduced me to MT4 in 2006, and I became interested in fx (I’d previously written some companion modules to MetaStock for a UK-based equities trader). Long story short, trading has only ever been an occasional hobby for me. I enjoy the theory and analysis, and also designing and tinkering with strategies and EAs, much more than the actual business of placing the trades. I’m very risk-averse and I found anything above $5/pip too stressful. Nonetheless, I liked developing the EAs and looking for ways to improve their performance, it was creative and fun. My high membership ranking at FF is entirely unsolicited and has been a source of embarrassment, I'm constantly telling people that I'm not a serious trader. However, I did attend workshops run by a couple of experienced institutional traders, and picked up a few tips from them, for whatever that might be worth. And it's probably fair to say that, after 12 years of researching and experimenting, I've gained some useful knowledge.

Last year I pretty much quit fx. Staring at a computer screen all day was giving me eyestrain and headaches, and it was becoming tedious merely being up or down a few dollars every week. Nonetheless, I’ve retained a small account, and I still keep in touch with a few trading buddies. But I was never addicted, like you once suggested. You can believe whatever you like, but any accusations that I made an income from fx outside of trading (apart from VO-Pro, a failed experiment; and the two managed accounts that I have) or otherwise by underhanded means, are all completely false. I was hurt at the time but it’s well behind me now.

So now I have more time to pursue other hobbies. My wife and I also enjoy eurogaming, and over the next year or so we’ll be looking to playtest and then market some of our original creations. You can accuse me of “promoting” tabletop games now if you want to, lol.

Hopefully, you now understand why I have absolutely no idea how profitable (or otherwise) FXCyborg is, and why I don’t care. I don’t trawl financial forums looking for profitable educators, just ideas that I can potentially develop and test further for myself. I merely wanted to ask him some questions about his strategy, out of curiosity more than anything else, but I couldn’t contact him at his site, nor PM him here because he’d been suspended. Hence my one-off post.

I don’t care how many people are or aren't profitable, or who they are (except the two guys who manage our money, of course!). Broker statistics are meaningless, in that they can never tell you how many traders are profitable due to some proficiency, and how many due to unwitting 'luck'. If you want to believe that retail fx is a game for mugs, well fair enough. Perhaps you’re right, or perhaps you’re wrong, I don’t care either way. Whatever is, is. But if you think that I'm somehow responsible for other traders' losses, well I'm afraid that's your problem.

Now this is my final post at Forex Factory...... until I return again in another 12 months just to “promote” somebody else, lol.

You also once accused me of hiding behind anonymity, well I’m no more anonymous than you or anybody else. Perhaps even less so, as I've published my full name here a couple of times, and I’m easy enough to find if you ever decide to visit New Zealand.

My best wishes to you Hudi, may you enjoy good health, prosperity and much happiness.

David

Respected Hanover, Happy to see you after long time, you are suppose the father of coding in this forum having more than 10 years of services and advices to the public, why you are waiting your precious time in replying nonsence people. This world is full of good people as well, just focus on them and please return to the FF again, your services in ending days will be more benificial for the poor needy and money looser. please keep helping. Warm Regars and stay blessed all the way life.

Many thanks for your kind words. There are many good coders around, I listed a few in the ‘MT4 programming’ section in post #1.
_______________________

[EDIT] If I might be allowed to give some parting words of caution, to anybody who’s interested:

1. Follow ideas, not people. Some people might demonstrate a measure of success, but nobody is infallible.
2. Trading is a highly personal activity. Other traders’ P/L has little bearing on what you might (or might not) be able to attain.
3. Trust nobody, and take nothing in this industry for granted. Test all ideas and strategies thoroughly for yourself, ideally over several hundred trades and many months’ worth of changing markets. Assume that every idea is impotent until you prove it otherwise.
4. Understand the importance of statistical validity. Seven wins from ten trades is likely to be beginner’s luck; 700 wins out of 1,000 is more likely to be meaningful.
5. There are no profitable systems, only profitable traders. Nuanced market knowledge and hands-on experience are key.
6. Base your decisions around market probabilities and behavior, not your P/L, which the market takes no cognizance of.
7. Floating losses are just as significant as banked losses. Recent losses are no more important than any other losses. In the final analysis, pips saved on losing trades are equal to pips gained on winning trades.
8. Markets can change their character gradually over time (some possible reasons: economic shifts, advancing technology, different beliefs, etc). Hence nothing is guaranteed: strategies that worked well 10 years ago are not necessarily as effective today, and the same applies going forward. Past results can easily be unwittingly curve fitted and are not necessarily indicative of future performance.
9. Manage all types of risk carefully: trade risk, account risk, broker risk, market risk. Survival is paramount.
10. Return on its own means little; risk-adjusted-return (aka ‘profit factor’) and MAR ratio are much more significant in the long run.
11. There are no shortcuts, no free lunch. Millions of folk, including the world’s sharpest minds, have attempted to beat the markets; if safe and consistent profit could be guaranteed by merely running a simple mechanical formula, it would have been discovered a long time ago, and the big banks and funds would save themselves millions in salaries by dismissing all of their PhD economists, analysts, veteran traders, and IT experts, and replacing them all with this formula.
12. To be successful, you must somehow find ideas that deliver some kind of bias, leaving you net long while prices are rising, and/or net short while prices are falling, frequently/heavily enough to overcome broker costs. Anything else is smoke and mirrors, or merely operational convenience.
13. The necessary personal qualities (patience, composure, discipline, self-belief, diligence, resolve, stamina, …) can be maintained only by first establishing a thoroughly proven methodology.
14. Choose your broker carefully.

And finally, 'lose' is the opposite of 'win'; 'loose' is the opposite of 'tight'.

Now I really must go! Happy days folks. Life is short, stay safe and have fun.

And finally, 'lose' is the opposite of 'win'; 'loose' is the opposite of 'tight'.


Ohhh, U trying to be funny now David. Ha ha ha !!!

Thks for the words......we will catch up on the other-side.

Thks for ur contribution.

Please dont go,many traders required your guidance,ignore the bad ppl,they are all over,there are more bad souls than good souls.

That's about what my mutual fund IRA does so you made good choice. Always better to let the movers use your money to build your wealth as they can move markets to beat the average.

I have large managed account (as I have been funding over 30 years) so I am preparing the move into slower but safer instruments as closing time is approaching.

Happy Trails To You.

Many thanks once again for all of the kind and flattering words.

It's not just about the trolls. I feel that I have nothing more to contribute. Everything that I've learned during my 12 years, fwiw, is summarized in the links in post #1, for anybody that's interested. And there's no point in copy/pasting the same old comments repeatedly, for people who don't want to search, lol.

Thanks for the idea about the website, but I'm afraid it won't be happening. I dislike popularity, and I'm not seeking any kind of gain, monetary or otherwise. I'm feeling jaded about fx in general, and I want to spend less time at the computer, for health reasons. And I have other projects that I want to pursue.

Goodbye once again.