As always first impressions are better but the strategy tester doesn't think so. Be careful.
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(binned per thread starter’s request) MM (Money Maker) Detective
- #4,445
- Edited 10:54am Jul 6, 2019 9:37am | Edited 10:54am
- Joined Sep 2013 | Status: Trader | 1,209 Posts
- #4,446
- Jul 6, 2019 1:13pm Jul 6, 2019 1:13pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
{quote} M5 M5 M5 NO No No strictly restrictively for D1 D1 D1 Be Boundless, good
Look it -- I have nothing against other time frames. The reason for sticking with D1 now is to allow us to finish something. On a public thread lots of people are experimenting and have good ideas -- which is fine. But I really, really, really want to complete something. And it would be impossible to complete if everyone is going in different tangents.
We know for sure there is something special about D1. So, I wish to complete D1 first. Think about it -- we could shortly have an automated system working in the background -- now.
And then, with D1 complete and working in the background, we then have the luxury to explore other variations. But if all we do is explore other variations then that is all we will every be doing.
- #4,450
- Jul 6, 2019 2:06pm Jul 6, 2019 2:06pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
Is it really that difficult to stick to D1? Why do you need filters? To complicate stuff and lose money like the 95% losers? Something this simple and you are looking for indicators all over the place. If there is such a magic indicator that filters trades, why won’t everyone use it? Stop searching for HG indicators. All you need is the buy and sell zones. The rest is discretion, patience and money management. You don’t have an idea how easy my trading has been since R4M released the R4M BD ADR indi. It’s incredible how it picks buy and sell zones...
I have multiple monitors and machines in front of me. One is devoted strictly for development, another for browsing, etc. When developing I get really, really focused and bogged down in details. So, for me, it's a nice mental break to look away from the dev machine and see what's happening at FF and in this thread. And, as you know, I was super productive when all the BS with @George was going on. If you really want to get the dev work rolling faster then let's bring back @George and the boys. I miss the 3 Musketeers...
I have a lot to share later today -- so, all is good. Also, @bishopdotun, when you get the sister thread up and running then perhaps I can offload some of these tangential discussions to you. I think we need to navigate a fine line between staying focused on finishing one thing but, also, not discouraging people from exploring other things. I would like for people to remain interested -- with the understanding we are working to complete something.
This also reminds me of a story... 17 years ago I was working at a software company on a project that was critical for the company's survival. And we would have weekly 2-hour meetings to make sure things moved forward -- around 20-25 people would participate. And it was just like a public forum -- everyone had their own ideas for doing this or that and each week we would adjourn and agree to continue the discussion next week. And there was always one fellow who would raise his hand and say this project is going nowhere because everyone keeps injecting their new ideas and we are not focused on actually getting the project out the door. And most everyone hated having to hear that, right? So -- who do you think was included in that first round of layoffs? My point is that I've worked in environments where there are lots of distractions -- but I also know what needs to be done to complete something.
@bishopdotun -- I don't mind people sharing additional comments -- well, sometimes, but usually not. And I've also learned to give @skyway extra space -- he's special (
) -- and as far as I'm concerned he can have as much rope as he likes.
- #4,453
- Jul 6, 2019 2:44pm Jul 6, 2019 2:44pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
{quote} Ok....ok... Trust me I like exploring as well. After several years of testing all sorts, I finally settled on reversal trading. I have burnt my fingers many times. Blew 3 accounts (just a few thousand $$). Last year I focused solely on Peaky & Slope indicators (from SHF) to time reversals. That marked a significant change in my trading results. My results improved seriously. I still have a test account running fully auto on SPB M15 from SHF with decent returns. I started looking at TMA during your running battle with the “Men” a few weeks...
So I play around with Indis too but I test it well privately before throwing it out there to be sure people can take me seriously. That’s the minimum I expect from people too.
YES !!!!! What a concept!
Next week, I will show that waiting for the daily candle to close above the midline provide more return than just closing when price pokes above the midline.
Funny -- as we speak I am testing something very similar with the EA. I'm thinking that in version 1 there would be a choice of two exit rules:
1. Midline (i.e. default)
2. The opposite band
{quote} @bishopdotun -- perfect response -- thanks... {quote} YES !!!!! What a concept!
3. Close above midline (Doesn’t have to necessarily touch the opposite band)
{quote} @mixedbags -- are you suggesting that I now sound like @George? Wouldn't that be scary...