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  • #21
  • Nov 14, 2021 5:17am Nov 14, 2021 5:17am
Good news! I’m working on a tool that will help at the time to set new trades. The trader automatically will be able to set the risk, risk/reward, equity limits, close all positions at the same time, trailing-stops, etc.

I will share this tool for all of those subscribers who wanted it for free. I will need your feedback in order to know how it helps you to accomplish your trading objectives.
Always ready to help
  • #22
  • Edited 8:00am Nov 14, 2021 7:49am | Edited 8:00am
Quoting PaulMF
Good news! I’m working on a tool that will help at the time to set new trades. The trader automatically will be able to set the risk, risk/reward, equity limits, close all positions at the same time, trailing-stops, etc. I will share this tool for all of those subscribers who wanted it for free. I will need your feedback in order to know how it helps you to accomplish your trading objectives.
Don't waste time on that. I have done much better than that and you are unlikely to come even close.
Check my thread:

https://www.forexfactory.com/thread/...1#post13735661

I am not offering freebies at the moment.

Correction: Scumbags from the other thread may apply for 5% discount. Sure they don't even know what risk is, but I am a benefactor.
Follow your guts, if you want to lose your money...
  • #23
  • Nov 14, 2021 9:44am Nov 14, 2021 9:44am
Quoting JotaP
{quote} Don't waste time on that. I have done much better than that and you are unlikely to come even close. Check my thread: https://www.forexfactory.com/thread/...1#post13735661 I am not offering freebies at the moment. Correction: Scumbags from the other thread may apply for 5% discount. Sure they don't even know what risk is, but I am a benefactor.
yes, spam is also welcome!

Always ready to help
  • #24
  • Nov 15, 2021 4:20am Nov 15, 2021 4:20am
You have misjudged the situation and gave another opportunity to be ridiculed by the gang of losers of the other thread.

In addition you called Spam to a product I posted about in perfect context and within a thread of the Commercial Forum. A product you don't have any idea of its quality because you are a narcissistic idiot.

Now, I am leaving this thread and will leave you alone.
Follow your guts, if you want to lose your money...
  • #25
  • Nov 15, 2021 4:35am Nov 15, 2021 4:35am
Very kind!

Don't get me wrong. You posted a link to a product that is not free. And just in a funny way I said: "Spam is also welcome". And in fact it is welcome.

Instead, I don't allow insults. There is no need for them. So, I would appreciate it if you avoid them. I have already received many of them.

So, feel free to promote your product and share its benefits. Even you can use your, as you say, narcissism:

Quoting JotaP
{quote}....I have done much better than that and you are unlikely to come even close....
Always ready to help
  • #26
  • Edited 9:46am Nov 15, 2021 9:06am | Edited 9:46am
Quoting PaulMF
Very kind! Don't get me wrong. You posted a link to a product that is not free. And just in a funny way I said: "Spam is also welcome". And in fact it is welcome. Instead, I don't allow insults. There is no need for them. So, I would appreciate it if you avoid them. I have already received many of them. So, feel free to promote your product and share its benefits. Even you can use your, as you say, narcissism: {quote}
I am back, for the frustration of those peeping in from the scumbag thread.

Quote
You posted a link to a product that is not free.

What is free is always crap, that's the reason is free. I took a long time to reach this conclusion. What is paid for may also be crap, and most time is.
In general, 99% of these TA tools are crap. Being crap justify traders losing money more than 95% of time.

A Risk Manager tool is useful, though. The problem is that they normally don't work well for instruments other than Forex. Actually I have never seen one that does work well for all instrument classes, except my own AWTT (not spam). It took me a long time to figure out the way to do that.
Follow your guts, if you want to lose your money...
  • #27
  • Nov 15, 2021 9:59am Nov 15, 2021 9:59am
Quoting JotaP
{quote} I am back, for the frustration of those peeping in from the scumbag thread. {quote} What is free is always crap, that's the reason is free. I took a long time to reach this conclusion. What is paid for may also be crap, and most time is. In general, 99% of these TA tools are crap. Being crap justify traders losing money more than 95% of time. A Risk Manager tool is useful, though. The problem is that they normally don't work well for instruments other than Forex. Actually I have never seen one that does work well for all instrument classes,...
Yes. What it has a price, it is usually better.

Does your tool start through a script that launches an add-on?
Always ready to help
  • #28
  • Edited 10:29am Nov 15, 2021 10:19am | Edited 10:29am
Quoting PaulMF
{quote} Yes. What it has a price, it is usually better. Does your tool start through a script that launches an add-on?
No, it is all inside a .EXE. The .EXE is connected to MetaTrader through a bridge.
It is a solution nobody has seen before, does not use any C# or Python frameworks, no frameworks at all. It is much faster than Metatrader chart indicators because works in a separate process. No DLLs, .EXE only.

You launch the .EXE and it immediately detects accounts on any MetaTrader. Select the account, push Connect to bridge and you are in.

The Risk Manager is just one of the tools. The major part is the Currency Calculators, which is actually the only one that properly calculates Relative Currency Strength.
You need to load in market Watch the 28 pairs and cross pairs in order for Currency Strength to work.

I will not do any more promotion, people can try for free during 15 days.
Follow your guts, if you want to lose your money...
  • #29
  • Nov 15, 2021 10:22am Nov 15, 2021 10:22am
Quoting JotaP
{quote} No, it is all inside a .EXE. The .EXE is connected to MetaTrader through a bridge. It is a solution nobody has seen before, does not use any C# or Python frameworks, no frameworks at all.
But what bridge? Or are you hacking MetaTrader? Does it need MetaTrader running? How does it work?
Always ready to help
  • #30
  • Nov 15, 2021 10:34am Nov 15, 2021 10:34am
Quoting PaulMF
{quote} But what bridge? Or are you hacking MetaTrader? Does it need MetaTrader running? How does it work?
A Bridge is installed like an EA but is not an EA, it does not have any input parameters, it works like a slave.
Look:

https://www.forexfactory.com/attachm...1&d=1633708342
Follow your guts, if you want to lose your money...
  • #31
  • Nov 15, 2021 10:37am Nov 15, 2021 10:37am
ok understood now.

Now, it is clear that there are very talented guys in this thread. The "Elite" word in the thread's name makes sense.
Always ready to help
  • #32
  • Nov 15, 2021 11:02am Nov 15, 2021 11:02am
Quoting PaulMF
ok understood now. Now, it is clear that there are very talented guys in this thread. The "Elite" word in the thread's name makes sense.
I have done EAs in the past, but none worked properly unassisted for long periods. I have also tested many 3rd party EAs, none worked properly unassisted for long periods.

But I am convinced it is possible to produce profitable EAs, and they have already been produced, but they don't exist in the marketplace.

Some people have them, like Jim Simons the billionaire.

I think I will do it one day, but can't promise it will be available in the marketplace.
Follow your guts, if you want to lose your money...
  • #33
  • Nov 15, 2021 11:22am Nov 15, 2021 11:22am
Quoting JotaP
{quote} I have done EAs in the past, but none worked properly unassisted for long periods. I have also tested many 3rd party EAs, none worked properly unassisted for long periods. But I am convinced it is possible to produce profitable EAs, and they have already been produced, but they don't exist in the marketplace. Some people have them, like Jim Simons the billionaire. I think I will do it one day, but can't promise it will be available in the marketplace.
If you get one, then this thread will be the perfect place to sell it. It could be the beginning of a new Real Prop-Firm.

In my opinion it is better to have a portfolio of strategies and develop new ones as contexts change. That's exactly what elite prop-firms do.
Always ready to help
  • #34
  • Nov 15, 2021 11:37am Nov 15, 2021 11:37am
Quoting PaulMF
{quote} If you get one, then this thread will be the perfect place to sell it. It could be the beginning of a new Real Prop-Firm. In my opinion it is better to have a portfolio of strategies and develop new ones as contexts change. That's exactly what elite prop-firms do.
It is difficult to have a thread with intelligent people generate good traffic. All dumb people gather together in some threads and these threads accounts for 99% of FF traffic. I followed for a while some of these threads.
Follow your guts, if you want to lose your money...
  • #35
  • Nov 15, 2021 1:18pm Nov 15, 2021 1:18pm
The EAs that you have created rely exclusively on price action? Or do you also add some fundamentals to the equation?
Always ready to help
  • #36
  • Nov 15, 2021 11:45pm Nov 15, 2021 11:45pm
Quoting PaulMF
The EAs that you have created rely exclusively on price action? Or do you also add some fundamentals to the equation?
Actually, they relied mostly on technical analysis. In particular, lessons from NonnonSense Forex VP, a guy that tested 10s of thousand of indicators and ended with just a few tens. From those tens he only revealed a very small number and let us guess what the others could be. Although we learn a lot from VP in the sense of demystification in the end we really do not get much in the sense of usefulness. VP works for Maverick Trading prop firm, where we have to pay a lot to trade.
Follow your guts, if you want to lose your money...
  • #37
  • Nov 16, 2021 4:21am Nov 16, 2021 4:21am
If someone tests thousands of indicators in a period of 10 years, she will find some list of indicators that by chance show positive results in some time frame and symbol. If she gets that reduced list of indicators and performs the same test over the consecutive 10 years, she will find that they no longer work. She can go back and use the entire list again to find the newest list of those that provide positive results in this new period of 10 years. That new reduced list won't work in the upcoming 10 years.

So, I agree. You really do not get much in the sense of usefulness.
Always ready to help
  • #38
  • Nov 16, 2021 7:14am Nov 16, 2021 7:14am
Quoting PaulMF
If someone tests thousands of indicators in a period of 10 years, she will find some list of indicators that by chance show positive results in some time frame and symbol. If she gets that reduced list of indicators and performs the same test over the consecutive 10 years, she will find that they no longer work. She can go back and use the entire list again to find the newest list of those that provide positive results in this new period of 10 years. That new reduced list won't work in the upcoming 10 years. So, I agree. You really do not get much...
Lag indicators hint too late and lead indicators don't get it right.
Prices are manipulated in almost every instrument class with the sole objective of obtaining liquidity from the suckers. Anything else does not matter. This is the reason algorithms don't predict properly - prices don't obey them.
Follow your guts, if you want to lose your money...
  • #39
  • Nov 16, 2021 8:08am Nov 16, 2021 8:08am
Quoting JotaP
{quote} Lag indicators hint too late and lead indicators don't get it right. Prices are manipulated in almost every instrument class with the sole objective of obtaining liquidity from the suckers. Anything else does not matter. This is the reason algorithms don't predict properly - prices don't obey them.
Here you have a thread that talks about that theory: Institutional Trading - SMC | Forex Factory
Always ready to help
  • #40
  • Nov 16, 2021 10:10am Nov 16, 2021 10:10am
Quoting PaulMF
{quote} Here you have a thread that talks about that theory: Institutional Trading - SMC | Forex Factory
Thank you for the link.
ICT (Michael Huddleston) is brilliant, even though most of what it teaches is likely garbage and filler, the 5% that is not garbage is genial, in my opinion.

Everything is manipulated straight from the top, the big Market Maker & Smart Money maestro is the FED. FED can drive USD exchange rates prices any direction it wants by buying and selling to itself, undercovered under different institutional entities. It also lends money to banks for banks to purchase stocks and move the stock market up. Then, all of a sudden, orchestrated, they discard the stocks portfolio, causing a dip and cash the liquidity. And the cycle repeats.

Gold is another manipulated asset, these days it moves when nobody is expecting it to move and moves in big jumps when big players decide and articulate the move.
Oil is another manipulated asset, US is World's number one oil producer but only at the right price.

Other countries have their own big Market Makers & Smart Money maestros, although on a much smaller scale than the FED. In general, they are the Central Banks of the countries or zones like EU. The most active is the Bank of England.
Follow your guts, if you want to lose your money...
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