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  • #201
  • Feb 5, 2019 1:05pm Feb 5, 2019 1:05pm
Quoting VEEFX
I deleted all my charts from today. I shared so you all can understand a little bit of lingo and terms I am using. This thread is not about "EA or algo development". It's about showing the importance to new traders getting into trading that there is no free ride getting into trading and relying on someone else's strategy. It is also to show how to think and act in a structured and methodical manner. Follow me, someone or any strategy and you WILL fail. The failure rate is 100% for being in the 99% crowd which is where most forum members are. There...
To add to my earlier thought, what you are doing here is back office stuff. This site I think, based on nearly daily log in, is full of new and curious young people who are interested in FX. The views come mostly in the Interactive and Trading Systems part of the forum. This room is one step up from the members lounge in my opinion. Most on this forum do not trade for a living, nor do they trade as a hobby supported by well paying jobs by Western standards. We are very very lucky.

If you decide that you want go more public, name your next thread "1000 to 1 million in 60 days!", and it will take off
If you are good at something, never do it for free--Joker
  • #202
  • Feb 5, 2019 1:22pm Feb 5, 2019 1:22pm
Thanks for the feedback. I suck at explaining clearing what goes on in my thought process so took the route of just sharing too much every step of the way and making myself appear like a retard :-(

If, by now, there is no clear understanding of what I mean by Opportunity Cycle and how it supports the underlying principles of "markets are universal and neutral" and "do what markets have to do to survive" and "why markets are fractal" and "how markets are a mirror image of everything around us in nature" and most importantly, "how to use the OC Theorem" to quickly assess if a trading strategy has any long term merit of surviving with positive expectancy, I am just wasting my time here. Using the above principles, one can very quickly tell which strategy or trading style has what level of merit to succeed in the long run. Many lack the basic understanding of law of large numbers. Math will never ever lie if based and built on robust framework and methodology and "Opportunity Cycle Theorem" is far more superior than just a high winrate or average win>average loss or per trade high RR used in strategy and risk evaluation. It enables the trader to eliminate their dependence on "circumstantial evidence" from their overall strategy framework.

I will pause here and read this thread thru the lens of a third person as I find there is some merit to the jibberish comment (related to my deleting of junk posts that were just temporary results to highlight the "process of elimination" and ended up removing just to keep this thread clean and readable ).

Just to be crystal clear on my intentions here.... There is absolutely no desire on my part to form a following of traders via this thread. Quite the contrary and if anyone does not know where I come from then I am at a loss what else to say. The question (like any other question or thought provoking observation in my mind) stems for "how to tell how many are subscribed". I thought there was a way somewhere in the bowels of FF. That's all there is to it. Also, I an not wasting my time posting here just for "myself". The initial idea was simple to avoid lurking but slowly progressed into "let's share what is really involved in strategy development" and not to prove my abilities or to highlight my intellect or my abilities to find the holy grail. I am in the journey to finding a good strategy for NQ which equates to a LOT of people entering the trading industry with dreams of making a quick buck with the least amount of knowledge or thinking. The path they typically chose is just plain WRONG. I did that and I failed miserably back in 2006 like MANY others who are just cowards. swines and imbeciles to admit their failures and be true to themselves and others. I am not that person and I have been extremely open about my journey including this one! I have also openly said that my failure is on my own merit or lack there of. I am doing what I preach and that is all there is to it...A reflection of what others SHOULD be doing on their own!

Beyond that, I literally don't give two shits about the outcome. It WILL follow in due course until I decide to give up and move on... on my own terms! I know my limits and I know how much time I have left to devote to this endeavor and I WILL know when it is time to move on....
Staying in my lane...
  • #203
  • Feb 5, 2019 1:31pm Feb 5, 2019 1:31pm
Quoting VEEFX
Thanks for the feedback. I suck at explaining clearing what goes on in my thought process so took the route of just sharing too much every step of the way and making myself appear like a retard :-( If, by now, there is no clear understanding of what I mean by Opportunity Cycle and how it supports the underlying principles of "markets are universal and neutral" and "do what markets have to do to survive" and "why markets are fractal" and "how markets are a mirror image of everything around us in nature" and most importantly, "how to use the OC Theorem"...
I think there are traders who do not want you to stop because of perceived lack of interest. It is interesting the process you are following.
If you are good at something, never do it for free--Joker
  • #204
  • Feb 5, 2019 1:40pm Feb 5, 2019 1:40pm
i still don't get it lol...carry on
  • #205
  • Feb 5, 2019 1:45pm Feb 5, 2019 1:45pm
Quoting hilmy83
i still don't get it lol...carry on
Hilmy - Let me explain to you in a language you will understand.

Crap - phone call from work... later
Staying in my lane...
  • #206
  • Feb 5, 2019 2:56pm Feb 5, 2019 2:56pm
Inserted Video


This is directly related to what you are studying on a macro scale.
If you are good at something, never do it for free--Joker
  • #207
  • Feb 5, 2019 3:16pm Feb 5, 2019 3:16pm
Quoting VEEFX
Thanks for the feedback. I suck at explaining clearing what goes on in my thought process so took the route of just sharing too much every step of the way and making myself appear like a retard :-( If, by now, there is no clear understanding of what I mean by Opportunity Cycle and how it supports the underlying principles of "markets are universal and neutral" and "do what markets have to do to survive" and "why markets are fractal" and "how markets are a mirror image of everything around us in nature" and most importantly, "how to use the OC Theorem"...
through your analytics is my way of trading a potential long term viability or short term success?
  • #208
  • Feb 5, 2019 7:03pm Feb 5, 2019 7:03pm
Sorry... I am still tied up with issues at work.

Curious if I can maintain anonymity via livestream or does it require subscription and payments to have an account?
Staying in my lane...
  • #209
  • Feb 5, 2019 7:53pm Feb 5, 2019 7:53pm
Quoting VEEFX
Sorry... I am still tied up with issues at work. Curious if I can maintain anonymity via livestream or does it require subscription and payments to have an account?
I have used OBS studio and xsplit for streaming. obviously you'd need an account on youtube to stream. it's all free.
  • #210
  • Feb 5, 2019 9:29pm Feb 5, 2019 9:29pm
Quoting hilmy83
i still don't get it lol...carry on
bummm, right to the point!!

Vee, you keep doing what you doing.
on the way you already got some very valuable feedbacks from a couple traders.
from that, it is your choice what you try to incorporate to your process and what to ignore.
just remember, "perfect" in a sense that without flows, not exist. and choose your final goals accordingly, so, wont be constant disappointment on actual performance.
keep carry on!, and dont be too hard on us readers if we dont understand the better half of what you write. it is just us being dumb on that level.
there is always, always another trade!!
  • #211
  • Feb 5, 2019 10:16pm Feb 5, 2019 10:16pm
[quote=VEEFX;11964135]hmm.. i just thought of checking how many have subscribed to this thread to see if this is even worth my time. There is no way for me to tell nor do I get notification of subscription. What am I missing here?????
Attached Image
  • #212
  • Feb 6, 2019 1:40pm Feb 6, 2019 1:40pm
[quote = VEEFX; 11967849] Lo siento ... Todavía estoy atado a problemas en el trabajo. ¿Es curioso si puedo mantener el anonimato a través de livestream o si se requiere suscripción y pagos para tener una cuenta? [/ Quote]

YALE STUDENT

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."


VEEFX IS A YALE STUDENT.
  • #213
  • Feb 6, 2019 2:29pm Feb 6, 2019 2:29pm
Quoting spyhunter
Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat." VEEFX IS A YALE STUDENT.
Please, no TRO analogies
  • #214
  • Feb 6, 2019 6:34pm Feb 6, 2019 6:34pm
hi there,

IF you are trying to get an algo run sufficently on indices, i think it´s a good idea to use a time filter.
it might help your algo to be only active when indices are driven by high volume.
f.e. trade dax only when fdax on eurex is traded while xetra is open with good volume (f.e. 09:00 - 10:00 cet)
maybe it´s a good idea to stay out of market when liquidity is low ( f.e. during 11:00 - 14:30 cet)
never allow your algo to open orders on fdax when xetra is closed (index-arbitrage as a hint).
never allow your algo to open new orders let´s say 1 h before relevant news (event-risk like ecb pc f.e.)
maybe you should not allow your algo to keep open orders over-night.
use stringent SL/TP conditions with good rrr.

anyhow: good luck!
fortis fortuna adiuvat
  • #215
  • Feb 7, 2019 4:47am Feb 7, 2019 4:47am
Quoting alphaomega
{quote} All people have to trade in stages. But they can't. They are too greedy, and in many cases too dumb. If you can't make money on demo - forget about Live account! If you can't make money with $100 account - forget about trading larger account! And the most interesting thing is that if you can actually make money consistently with $100 account you really don't need much more. All you need is patience. $100 with only 0.4% average daily profit can grow to over $1 000 000 in 10 years.

Everybody should learn this simple truth.
  • #216
  • Edited 7:03am Feb 7, 2019 6:15am | Edited 7:03am
Quoting Orangejuice
{quote} Everybody should learn this simple truth.
and so should everyone learn that if you can generate 0.4% gain on average daily....say even only with 1 hour involved....
then
1. if you have 100$ you made what exactly? 40 cents? would you think if your internet cost is 1$ a day, + electric is 50 cents, + amortization of computer is 1$....would you have more or less money in your pocket end of the month?
2. would you be willing to take up any job for 40 cents an hour?
3. if you can generate 0.4% "only", why the f..k not raise more money from any legal ways of your friend and family and loan, and be the 'god' of the borough?
4. why cant ppl use realistic examples to life, instead of recycling the same old BS the internet is full of.
5. i dont disagree with the principle, but the above example sucks and no point to applaud it at all.

this is my simple truth. perhaps wrong too. or not. but more life like.
there is always, always another trade!!
  • #217
  • Feb 7, 2019 7:19am Feb 7, 2019 7:19am
Quoting profitfarmer
{quote} and so should everyone learn that if you can generate 0.4% gain on average daily....say even only with 1 hour involved.... then 1. if you have 100$ you made what exactly? 40 cents? would you think if your internet cost is 1$ a day, + electric is 50 cents, + amortization of computer is 1$....would you have more or less money in your pocket end of the month? 2. would you be willing to take up any job for 40 cents an hour? 3. if you can generate 0.4% "only", why the f..k not raise more money from any legal ways of your friend and family and...
i agree with alphaomega from the demo trading standpoint. But again, only if the demo is near equivalent to real trading unlike some demo sandbox forex brokers trick you with.

besides that, i agree with profitfarmer lol. Don't waste your time with a child allowance for trading. Once you figure the strategy out, and you have proven to yourself that it works through demo trading, go as big as you can without causing you to commit suicide if you lose the money. Trading is a business where you control cost and determine if $/hour is worth your time. otherwise, get a second job (even part time). it pays better.
  • #218
  • Feb 7, 2019 7:20am Feb 7, 2019 7:20am
Quoting spyhunter
[quote = VEEFX; 11967849] Lo siento ... Todavía estoy atado a problemas en el trabajo. ¿Es curioso si puedo mantener el anonimato a través de livestream o si se requiere suscripción y pagos para tener una cuenta? [/ Quote] YALE STUDENT "Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per...
THIS IS THE REASON WHY EVERYONE WITH A THREAD NEEDS TO PUT A YELLOW MEMBER FILTER. fucking crazy mofos. i've seen too many "multiple username", "membership revoked" on these new member assholes or inactive members. they're sleeper cell trolls.
  • #219
  • Feb 7, 2019 8:59am Feb 7, 2019 8:59am
Quoting profitfarmer
{quote} and so should everyone learn that if you can generate 0.4% gain on average daily....say even only with 1 hour involved.... then 1. if you have 100$ you made what exactly? 40 cents? would you think if your internet cost is 1$ a day, + electric is 50 cents, + amortization of computer is 1$....would you have more or less money in your pocket end of the month? 2. would you be willing to take up any job for 40 cents an hour? 3. if you can generate 0.4% "only", why the f..k not raise more money from any legal ways of your friend and family and...
Well I'm referring to the "Stages" and greed and being too dumb.

The $100 thing is just to kick in your imagination. I guess it's recycling the same bullshit but hey most can't even follow this simple principle and end up broke with huge debt or worse.
  • #220
  • Feb 7, 2019 9:07am Feb 7, 2019 9:07am
Quoting Orangejuice
{quote} Well I'm referring to the "Stages" and greed and being too dumb. The $100 thing is just to kick in your imagination. I guess it's recycling the same bullshit but hey most can't even follow this simple principle and end up broke with huge debt or worse.
sure.
and if one would make 10-12% a year like clockwork, would be called Bernie Madoff??
can pull out as many excel tables as one want, there is no "only" 0.4% a day, and the same time for thought provoking gave you some alternative to look at overhead in trading ( as a business) and earnings at trading ( as of vs wage).
before even start with a demo or a small account ( or any) some reality check should be in order as a "simple principle" to start with.
that was all, to "kick in your imagination"
there is always, always another trade!!
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