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I Have A Very Profitable System, But...

  • #21
  • Nov 8, 2019 3:11am Nov 8, 2019 3:11am
Quoting martinez1
{quote} How will i burst my account when i divide my account by 2000 pips, risk 50 pips per trade, then the list i win is 1:2, while some days i can win up to 1:10? then as i keep growing decrease my risk lets say 4000 pips (lay man's calculation) then when there is no volume i can't see trade like right now. ALL THE SAME I WANT YOU TO SAY MORE OF WHAT YOU JUST SAID SO PEOPLE CAN STAY AWAY FROM TRADING THIS, ALL READY AM BEGINNING TO REGRET WHY I PUT THIS UP, I THOUGHT OTHER PEOPLE WHO CAN CODE WILL BE OF HELP. DO YOU EVEN KNOW WHAT HAPPENS IF SO...
OK. Look, I'm not here to argue.
Do you really think that a few "big lots" from readers of FF will move the market? Come on

All I wanted to show was that yesterday you posted a 25% gain on 120pips. According to your method a worst case scenario would be a 200 pips loss on those 4 trades. That, according to my calculations, would be a 40% drawdown to your account. Is that sustainable? Imagine 3 bad days together, you would have a cumulative 78% drawdown.

That's all. I wont post here again
Good luck with your trading.
It takes time
  • #22
  • Nov 8, 2019 3:33am Nov 8, 2019 3:33am
Hi Martinez,

could you please clarify your entry criteria? I understood it that way:

Example: LONG Trade
A 5min candle closes BELOW yesterday's low and you enter as soon you get an engulfing bull candle above the MA 20 and MA 200. Correct?
  • #23
  • Nov 8, 2019 3:43am Nov 8, 2019 3:43am
Quoting galactico
{quote} OK. Look, I'm not here to argue. Do you really think that a few "big lots" from readers of FF will move the market? Come on All I wanted to show was that yesterday you posted a 25% gain on 120pips. According to your method a worst case scenario would be a 200 pips loss on those 4 trades. That, according to my calculations, would be a 40% drawdown to your account. Is that sustainable? Imagine 3 bad days together, you would have a cumulative 78% drawdown. That's all. I wont post here again Good luck with your trading.
Okay, don't look at it the other way round,
why will stop posting because of what i said? if the risk to you or others is not okay you can change the risk to you your profile,
for me 200 pips is 10 percent and i don't take up to 4 trades maximum of 3 trades because the 4th one will be close to the other side and won't move. so the 4 trade is risky excerpt if i am way ahead with pips as the week began. i guess we are okay now, i don't like fighting
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #24
  • Nov 8, 2019 3:50am Nov 8, 2019 3:50am
Quoting Olarion1975
Hi Martinez, could you please clarify your entry criteria? I understood it that way: Example: LONG Trade A 5min candle closes BELOW yesterday's low and you enter as soon you get an engulfing bull candle above the MA 20 and MA 200. Correct?
yes the first entry or Entry 2: you just enter immediately at the close of the candle without waiting for engulfing BUT MAKE SURE THAT THE PAIR YOU BUYING OR SELLING IS AMONG THE TOP 3 STRONGEST OR WEAKEST
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #25
  • Nov 8, 2019 3:54am Nov 8, 2019 3:54am
Quoting martinez1
{quote} yes the first entry or Entry 2: you just enter immediately at the close of the candle without waiting for engulfing BUT MAKE SURE THAT THE PAIR YOU BUYING OR SELLING IS AMONG THE TOP 3 STRONGEST OR WEAKEST
Ok, great. But you always wait for price to be above / below the MAs. Right?
And why is there the 55 MA on your template?
  • #26
  • Nov 8, 2019 3:56am Nov 8, 2019 3:56am
Yes, for the 55 MA, my eyes is just use to it so can't take off. Lol
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #27
  • Nov 8, 2019 4:19am Nov 8, 2019 4:19am
it seems there will be a promising trades in Audusd, lets see how it goes

Attached Image (click to enlarge)
Click to Enlarge Name: ausd 2.png Size: 31 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUSUSD.png Size: 133 KB





My internate service is giving me loads of issue so i won't post for now until am able to resolve it
Attached Image (click to enlarge)
Click to Enlarge Name: aud 3.png Size: 110 KB
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #28
  • Nov 8, 2019 4:45am Nov 8, 2019 4:45am
If I look at the currency strength, the AUD is very weak and the USD very strong...so we should not go long, or how do you interprate the currency strengths for AUDUSD?

Or do you only look how strong AUDUSD is without taking into account the direction?
  • #29
  • Edited 5:07am Nov 8, 2019 4:55am | Edited 5:07am
Quoting martinez1
it seems there will be a promising trades in Audusd, lets see how it goes {image} {image} My internate service is giving me loads of issue so i won't post for now until am able to resolve it {image}
  • #30
  • Nov 8, 2019 5:02am Nov 8, 2019 5:02am
Quoting thisara1
{quote} {image}
Nice trade, but your entry is not according to this thread's criteria. Price never closed below the yesterday's low...
  • #31
  • Nov 8, 2019 5:07am Nov 8, 2019 5:07am
Quoting Olarion1975
{quote} Nice trade, but your entry is not according to this thread's criteria. Price never closed below the yesterday's low...
strength strength strength
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3121.jpg Size: 16 KB
  • #32
  • Nov 8, 2019 5:37am Nov 8, 2019 5:37am
Quoting Olarion1975
{quote} Nice trade, but your entry is not according to this thread's criteria. Price never closed below the yesterday's low...
No, no oooooo, that was not to say it's entry i was just saying we should be looking out for audusd to sell when it closes below the previous day Low( the red line)
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #33
  • Nov 8, 2019 5:42am Nov 8, 2019 5:42am
Quoting Olarion1975
If I look at the currency strength, the AUD is very weak and the USD very strong...so we should not go long, or how do you interprate the currency strengths for AUDUSD? Or do you only look how strong AUDUSD is without taking into account the direction?
Yes your right, we don't go long but short according the currency strength we sell Aud since it's weak and against the top 3 strongest but if only the candle closes below Prev Day Low
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #34
  • Edited 5:57am Nov 8, 2019 5:46am | Edited 5:57am
Attached Image (click to enlarge)
Click to Enlarge Name: Nzdusd.png Size: 25 KB


who took the trade on Nzdusd? is still going
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #35
  • Nov 8, 2019 5:51am Nov 8, 2019 5:51am
Quoting martinez1
{quote} Yes your right, we don't go long but short according the currency strength we sell Aud since it's weak and against the top 3 strongest but if only the candle closes below Prev Day Low
Ok. Then I think I understood your strategy wrong...I thought we BUY if price closes BELOW the previous day's low and AND then GOES UP and closes above the MA 20 and MA 200. Exactly this you showed on your screenshot from your AUDJPY, USDJPY, NZDJPY and GPBJPY trades below. For you to go long price should have closed above previous day's high which it did not...

https://www.forexfactory.com/attachm...4&d=1573131763
  • #36
  • Nov 8, 2019 6:01am Nov 8, 2019 6:01am
Quoting Olarion1975
{quote} Ok. Then I think I understood your strategy wrong...I thought we BUY if price closes BELOW the previous day's low and AND then GOES UP and closes above the MA 20 and MA 200. Exactly this you showed on your screenshot from your AUDJPY, USDJPY, NZDJPY and GPBJPY trades below. For you to go long price should have closed above previous day's high which it did not... {image}
yea, sorry i uploaded a wrong screenshot. my bad
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #37
  • Nov 8, 2019 6:25am Nov 8, 2019 6:25am
Quoting martinez1
{image} who took the trade on Nzdusd? is still going
hello martinez, i cant see the important of symbol display indicator because it only show blue on the pair without changing colours
  • #38
  • Nov 8, 2019 7:11am Nov 8, 2019 7:11am
looks like works according to rules.
Attached Image
  • #39
  • Nov 8, 2019 8:16am Nov 8, 2019 8:16am
Quoting NoNonSenseFX
looks like works according to rules. {image}
Okay Good Sir,and Nzdusd trade just gave 83 pips today not bad today seems like a sluggish day. well done for the good work
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #40
  • Nov 8, 2019 8:23am Nov 8, 2019 8:23am
some more signals
Attached Image
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