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  • #1,205,621
  • Dec 5, 2021 3:58pm Dec 5, 2021 3:58pm
Quoting forex-wolf
I have shown you only what lies on the surface. The rest is not for you. Nobody will sell it to you or show it to you. But they are. It takes years to create a strategy and bring it to its logical conclusion. You just want to find something by sitting on this forum.
do you have EA that works profitably?
  • #1,205,622
  • Dec 5, 2021 3:58pm Dec 5, 2021 3:58pm
Quoting here2there
{quote} I had an EA built a while back that produced a win rate greater than 80% when back-testing. Unfortunately, it wasn't profitable. Even though the win rate was high, the strategy did not provide an edge.
If you understand the market, you'll know it can't be backtested. Those who backtesting, don't understand the market.
Only an idiot knows with certainty to where the market is going.
  • #1,205,623
  • Dec 5, 2021 4:00pm Dec 5, 2021 4:00pm
Quoting here2there
{quote} To prove it's an actual edge and not mere luck, a strategy, in my opinion, should have a win rate above 50% out of at least 100 trades, and should be accompanied with proof of consistent profits. Scalping does not apply.
Here it is in the works: https://www.forexfactory.com/thread/post/13812550#post13812550
MY GRID. Markets are NOT random.
  • #1,205,624
  • Dec 5, 2021 4:01pm Dec 5, 2021 4:01pm
Quoting forex-wolf
...You just want to find something by sitting on this forum.
There are some good traders on FF. But that's not the point.

I think most of the stuff pedaled in Forex is not as reliable as the people who are selling it would like us to believe. And I think many of the people on FF who are often seen bragging about their trades and trading skill, are not showing us the whole picture.
Learn from your mistakes and march on.
  • #1,205,625
  • Dec 5, 2021 4:01pm Dec 5, 2021 4:01pm
Quoting MrBullBear
{quote} If you understand the market, you'll know it can't be backtested. Those who backtesting, don't understand the market.
I disagree.
Learn from your mistakes and march on.
  • #1,205,626
  • Dec 5, 2021 4:02pm Dec 5, 2021 4:02pm
Quoting genadi
{quote} this is worst link ever I was coding robots since 2011 with mql4 yet, I have never made successful EA, and i am not sure if it is even possible to make profitable EA
there were battles until 2011. You just did not catch this time.
Inserted Code
if(x != y) ObjectDelete("mail");
  • #1,205,627
  • Dec 5, 2021 4:04pm Dec 5, 2021 4:04pm
Quoting tonyb123
{quote} Here it is in the works: https://www.forexfactory.com/thread/post/13812550#post13812550
Correct me if I am wrong, but don't you mostly scalp?
Learn from your mistakes and march on.
  • #1,205,628
  • Dec 5, 2021 4:05pm Dec 5, 2021 4:05pm
[quote=forex-wolf;13812555]{quote} there were battles until 2011. You just did not catch this time. if(x != y) ObjectDelete("mail");[/quo

what do you mean?
  • #1,205,629
  • Dec 5, 2021 4:06pm Dec 5, 2021 4:06pm
Quoting forex-wolf
{quote} there were battles until 2011. You just did not catch this time. if(x != y) ObjectDelete("mail");
what do you mean?
  • #1,205,630
  • Dec 5, 2021 4:09pm Dec 5, 2021 4:09pm
Quoting here2there
{quote} There are some good traders on FF. But that's not the point. I think most of the stuff pedaled in Forex is not as reliable as the people who are selling it would like us to believe. And I think many of the people on FF who are often seen bragging about their trades and trading skill, are not showing us the whole picture.
This is 100%, all here are levers, but many indulge themselves with the ambitions of traders. The same picture is on the MQL.
  • #1,205,631
  • Edited 4:20pm Dec 5, 2021 4:10pm | Edited 4:20pm
Quoting here2there
{quote} Correct me if I am wrong, but don't you mostly scalp?
I do whatever I feel like. But whether it is scalping, day trading, swing trading or investing, I use the same rules. Nothing changes except distances and $ amounts.

I have to post this for a laugh. 3 people are going to be disappointed.
Attached Image
MY GRID. Markets are NOT random.
  • #1,205,632
  • Dec 5, 2021 4:17pm Dec 5, 2021 4:17pm
The Nazi World Order is going to start mandating 'vaxx' in Europe next year.

People who don't submit to the twice-yearly clot shots will be fined, starved and put into concentration camps.

How will this affect the European economy? Well, this could affect up to 25 - 33% of the population.

What will be the effects of starving, abusing and killing off 25% of the population? I wouldn't want to be a long-term Euro bull.

But then again, if America starts doing the same thing - and it probably will - then I wouldn't be a dollar bull either.

At this point, it's probably best to stop trading FX and start preparing to deal with global totalitarianism.
  • #1,205,633
  • Dec 5, 2021 4:20pm Dec 5, 2021 4:20pm
Quoting forex-wolf
{quote} I wouldn't be so sure about that. I know American traders whose school is at the highest level. They teach beginners right away on real deposits, subject to the introduction of funds into this general deposit. They put him at the terminal and show him how to open positions and fix them. The most profitable traders in America, and of course on our FF forum. If anyone does not understand. This is Friday banter.

I don't doubt it. I guess there are two types of FX trader: professionals who do it for a living, and amateurs (everyone else). The pros are consistently profitable and everyone else loses their shirt. That's pretty much how the world works!
  • #1,205,634
  • Dec 5, 2021 4:26pm Dec 5, 2021 4:26pm
Quoting genadi
{quote} what do you mean?
You should know the functions of MT4.
  • #1,205,635
  • Dec 5, 2021 4:32pm Dec 5, 2021 4:32pm
Quoting JauntyLoon
{quote} I don't doubt it. I guess there are two types of FX trader: professionals who do it for a living, and amateurs (everyone else). The pros are consistently profitable and everyone else loses their shirt. That's pretty much how the world works!
You are right, you cannot argue here. We're just used to forums. And of course we have nothing to catch here. Let's go to the factory tomorrow to work as ordinary workers. In the evening we will come here after work, and we will pretend to be traders.
I personally do that. I like to do it, I don’t know how to trade, I don’t know how to analyze. Why am I here, and you ask yourself why you are here. This will be my answer.
  • #1,205,636
  • Dec 5, 2021 4:32pm Dec 5, 2021 4:32pm
I am surprisingly enjoying the varying views on this thread. Sometimes hard to know when one is joking or serious, but that is ok !

For me a trader is someone who simply trades for a living. Then I have a long list of types of traders... But everyone else could be maybe a student, a hobbyist, a gambler? Who knows... But I cannot bring myself to call anyone pushing the button a trader. Just like I cannot call someone that writes a writer. Forgive the purist fool I am !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #1,205,637
  • Dec 5, 2021 4:36pm Dec 5, 2021 4:36pm
Quoting forex-wolf
{quote} You are right, you cannot argue here. We're just used to forums. And of course we have nothing to catch here. Let's go to the factory tomorrow to work as ordinary workers. In the evening we will come here after work, and we will pretend to be traders. I personally do that. I like to do it, I don’t know how to trade, I don’t know how to analyze. Why am I here, and you ask yourself why you are here. This will be my answer.
Forgive me if I am wrong.. Impressive reverse psychology Tango mate !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #1,205,638
  • Dec 5, 2021 4:41pm Dec 5, 2021 4:41pm
Quoting forex-wolf
{quote} Why am I here, and you ask yourself why you are here. This will be my answer.
Because it's addictive, I mean trading. Like gambling. Most people come on here to get validation for their own ideas, which is also a very human thing.
  • #1,205,639
  • Dec 5, 2021 4:42pm Dec 5, 2021 4:42pm
Quoting mtako
For me a trader is someone who simply trades for a living.
Isn't that what I just said lol ...

Most retail traders (99.98%?) have day jobs, and it's just as well they do because they LOSE money trading FX.

How long could you live if you had to make a living doing something that lost you money?
  • #1,205,640
  • Dec 5, 2021 4:46pm Dec 5, 2021 4:46pm
Quoting here2there
{quote} If your win rate is 50% or less, and you have good risk-management, and you are satisfied with your win rate, then why bother thinking at all about market structure? Why not just flip a coin: heads to buy, and tails to short. Then apply risk-management. You would probably end up with similar results. My point is it's more likely that it's your risk management that is making it possible for you to be ahead with a win rate of 50% or less, not some special indicator, or candlestick pattern, or technical analysis.
My win rate is around 40%, I look at market structure to determine 55/45 probability. I lose more than I win, but wins are bigger than my losers, and I press trends. Just chiming in.
If you are good at something, never do it for free--Joker
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