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Trading PlanetX & Oscillators

  • #301
  • Mar 20, 2022 5:04pm Mar 20, 2022 5:04pm
Quoting robots4me
{quote} You said you don't trust anything you don't understand. You don't understand the intimate details of how internal combustion works, yet you trust driving a car. That was the point. @BestTraderEv -- clearly I like you. That must be evident by the fact I haven't yet been suspended again within the past 24 hours. Though I like you, I could never work with you. Every step forward I make, you would drag us back two steps.
Well, I actually do understand the workings of the combustion engine and other parts of a car.
And, yes, I do tend to research on the important things in life, I like to know where I stand.
And, your comparisons were fallacious, not in the same category.

I don't want you to like me or dislike me, you don't know me enough to decide - it would be foolish of you to like me or dislike me based on the few interactions we have had. I do not wish to hold you back in any way.

I am a skeptic, which means that I will be looking for hard evidence which would convince me that what one claims actually represents reality.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #302
  • Mar 20, 2022 5:06pm Mar 20, 2022 5:06pm
Quoting BestTraderEv
{quote} I don't do this. Do you?
I know you by heart. I am not Robots4me who is a nice guy and believe in your "honesty". I do not believe in your honesty.
I had my suspicions since the first time I read you here. 2 or 3 days ago.
I read all your posts on this thread and some on others thread.
Technical content tending to zero bound to generalities , evidences (look for good prices, buy low, sell high etc ) and even definitive judgments.

All that is characteristical of bullshitters on Trading threads, not the only characteristic but a major one

I have to give you some credit : you are an expert in communication in less than 3 days you positioned yourself as mentor on Price Oscillations, Sinewaves and even Focal Points whose you ignored the existence 2 days ago.

good job
  • #303
  • Mar 20, 2022 5:12pm Mar 20, 2022 5:12pm
Quoting parisboy
{quote} I know you by heart. I am not Robots4me who is a nice guy and believe in your "honesty". I do not believe in your honesty. I had my suspicions since the first time I read you here. 2 or 3 days ago. I read all your posts on this thread and some on others thread. Technical content tending to zero bound to generalities , evidences (look for good prices, buy low, sell high etc ) and even definitive judgments. All that is characteristical of bullshitters on Trading threads, not the only characteristic but a major one I have to give you...
If you know me by heart, you have just revealed yourself as exactly that person whom you accuse me to be.
If you weren't that person, you would never know or susspect anybody else to be that, too.
I am happy that you have revealed yourself as a bullshitter on Trading threads!
Good job!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #304
  • Mar 20, 2022 5:18pm Mar 20, 2022 5:18pm
Quoting BestTraderEv
{quote} Well, I actually do understand the workings of the combustion engine and other parts of a car. And, yes, I do tend to research on the important things in life, I like to know where I stand. And, your comparisons were fallacious, not in the same category. I don't want you to like me or dislike me, you don't know me enough to decide - it would be foolish of you to like me or dislike me based on the few interactions we have had. I do not wish to hold you back in any way. I am a skeptic, which means that I will be looking for hard evidence which...
You've never worked in a professional software environment, have you? You know how to identify the best developers? They are lazy. They avoid rewriting code that already exists. I can't say how many times a release was delayed due to a crashing bug in a double-linked list that a "code warrior" decided to rewrite himself rather than use the built-in class provided by Microsoft's library that had been tested, put through thousands of hours of QA by dozens of testers and validated by millions of users over the years. You are that type of fellow who will always look for reasons to recreate the wheel because it gives you a sense of personal satisifaction that outweighs what is best for everyone else in the big picture. I attempted several times to coax you along, but failed. And that's fine. And maybe I misjudged you and shouldn't like you -- you're looking more and more like a prick as time goes on.
  • #305
  • Mar 20, 2022 5:25pm Mar 20, 2022 5:25pm
Quoting BestTraderEv
{quote} If you read the thread from the beginning and study the posted images, you will find out. Nobody told me, so why should I tell you?
Just confirming that yours weren’t different.
  • #306
  • Mar 20, 2022 5:28pm Mar 20, 2022 5:28pm
Quoting robots4me
{quote} You've never worked in a professional software environment, have you? You know how to identify the best developers? They are lazy. They avoid rewriting code that already exists. I can't say how many times a release was delayed due to a crashing bug in a double-linked list that a "code warrior" decided to rewrite himself rather than use the built-in class provided by Microsoft's library that had been tested, put through thousands of hours of QA by dozens of testers and validated by millions of users over the years. You are that type of fellow...
I never claimed to be a proffesional programer! I self-learned MQL4/5 over the last 11 years, and I know some tricks, and I do use already existing scripts. I do not plan to be wroking in a professional software environment. I just tend to have ideas. And no, I am not that guy who wants, or is going to reinvent the wheel, you got this one wrong. I would reinvent the wheel only if I didn't know the wheel existed. Yes, I am an old prick, and not afraid to admit it.

Though, I wouldn't call you a prick...
I realise that if you are faced with a choice, you will defend @parisboy and stand against me, but that is not the reason I am here.
You guys are turning this thread into personal agendas instead of concentrating on the topic!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #307
  • Mar 20, 2022 6:27pm Mar 20, 2022 6:27pm
Quoting parisboy
Price Oscillations, Sinewaves and even Focal Points whose you ignored the existence 2 days ago. good job
You are totally wrong about that, as well. I never ignored anything, and I knew about that quite some years ago, already. MA crossovers, like that is anything new... LOL! Or market symmetry... Like, what's new? Pretty basic laws of economy.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #308
  • Mar 20, 2022 6:58pm Mar 20, 2022 6:58pm
Quoting BestTraderEv
{quote} You are totally wrong about that, as well. I never ignored anything, and I knew about that quite some years ago, already. MA crossovers, like that is anything new... LOL! Or market symmetry... Like, what's new? Pretty basic laws of economy.
Yes, sir -- you certainly know it all. And I thought your alias was intended to be kind of satirical, but it's not -- you truly are the Best Trader Ever. My apologies...

Sir -- do you know the definition of pompous? What about pompous ass?
  • #309
  • Mar 20, 2022 7:01pm Mar 20, 2022 7:01pm
Quoting robots4me
{quote} Yes, sir -- you certainly know it all. And I thought your alias was intended to be kind of satirical, but it's not -- you truly are the Best Trader Ever. My apologies...
No, I am not the best trader ever, LOL! But I have spent the last 11 years sitting on my ass about 14/7 on average studying this whole trading stuff. I have sacrificed a lot, no holidays, no weekends, just damn hard work. Practically no life... Can you beat that?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #310
  • Mar 20, 2022 7:17pm Mar 20, 2022 7:17pm
Quoting BestTraderEv
{quote} No, I am not the best trader ever, LOL! But I have spent the last 11 years sitting on my ass about 14/7 on average studying this whole trading stuff. I have sacrificed a lot, no holidays, no weekends, just damn hard work. Practically no life... Can you beat that?
The world's smallest violin -- playing a sad song...

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  • #311
  • Mar 21, 2022 12:17am Mar 21, 2022 12:17am
OK OK

Can we get back to trading please? Please it's very important. I respect everybody's contribution so far and I would like to keep it that way.
  • #312
  • Mar 21, 2022 1:28am Mar 21, 2022 1:28am
Nice little swing on EURAUD M30.

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  • #313
  • Mar 21, 2022 1:35am Mar 21, 2022 1:35am
Quoting bishopdotun
OK OK Can we get back to trading please? Please it's very important. I respect everybody's contribution so far and I would like to keep it that way.
I'll put it this way:
The PlanetX oscillator combined with PlanetAwesome additions (what this thread is supposed to be about) fits my style of trading and is a fantastic additive to what I already had before discovering PlanetX.
This MA's focal points idea is not compatible, it is exactly like I said before - MA's are just MA's and they change.
You see one thing before you go to bed, and when you wake up, you see another thing, and the price never reached the proposed 1:1 measured from the focal point. And, everything looks fine, because the new focal point worked in the sense of the TP calculation.
There is one important problem, though - the trader only got a Stop Loss, while they could have taken a sensible RR > 1 Take Profit, if they had only traded by the PlanetX/Awesome signals, because those signals provided a very good entry price where SL was still relatively narrow, while the focal points appear where RR is <= 1, and no retail trader can afford that.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #314
  • Mar 21, 2022 1:39am Mar 21, 2022 1:39am
This is what I'm refering to:
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #315
  • Mar 21, 2022 1:40am Mar 21, 2022 1:40am
Quoting BestTraderEv
{quote} I'll put it this way: The PlanetX oscillator combined with PlanetAwesome additions (what this thread is supposed to be about) fits my style of trading and is a fantastic additive to what I already had before discovering PlanetX. This MA's focal points idea is not compatible, it is exactly like I said before - MA's are just MA's and they change. You see one thing before you go to bed, and when you wake up, you see another thing, and the price never reached the proposed 1:1 measured from the focal point. And, everything looks fine, because...
I understand your argument. But the problem is the trader. Retail traders always looking for the holy grail. There isn't. There is no perfect strategy. What wins is MM. In fact MM can turn a strategy of 30% win rate to a profitable strategy. So it's not about hitting stop losses. It's about the several TPs that you can have.
  • #316
  • Mar 21, 2022 1:42am Mar 21, 2022 1:42am
I'll stick to the Math! RR needs to be > 1. There is no other way to make business!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #317
  • Mar 21, 2022 1:43am Mar 21, 2022 1:43am
Quoting BestTraderEv
This is what I'm refering to: {image}
I find M15 a bit noisy. Yeah I get your point.

RR v SL v TP

What if the RR is too small?
See my next post on how I evaluate this and how I consider trading this method going forward.
  • #318
  • Mar 21, 2022 1:44am Mar 21, 2022 1:44am
Quoting bishopdotun
{quote} I understand your argument. But the problem is the trader. Retail traders always looking for the holy grail. There isn't. There is no perfect strategy. What wins is MM. In fact MM can turn a strategy of 30% win rate to a profitable strategy. So it's not about hitting stop losses. It's about the several TPs that you can have.
30% I doubt, maybe 40%?
Have you studied the Kelly Criterion?
You can make a simple spread sheet, it will tell you the truth.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #319
  • Mar 21, 2022 1:56am Mar 21, 2022 1:56am
Quoting BestTraderEv
{quote} 30% I doubt, maybe 40%? Have you studied the Kelly Criterion? You can make a simple spread sheet, it will tell you the truth.
I wouldn't argue that with you. Take it with a grain of salt but I can tell you that a strategy with 30% win rate can be profitable with the right MM approach.
  • #320
  • Edited 2:15am Mar 21, 2022 1:57am | Edited 2:15am
At 30% Win/Loss you need a Profit Factor of 5 in order to be able to risk 0.5%.
And, you get to 1% at Profit Factor of 500.
That is, simply, unrealistic.
And, the higher the leverage, the less you can risk.

Win/Loss & Profit Factor must be taken from the trader's account history!
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
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