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Highs and lows of previous 4 months and 4 weeks

  • #1
  • First Post: Feb 26, 2024 9:11pm Feb 26, 2024 9:11pm
As we are all aware, that Price is so enticing, that it will make us buy near highs and sell near lows. I came up with IDEA, where we might beomce a FOMO, but our account may not be blown up.
Attach, is a simple code done, by the previous thread. Make use of it and post your experience.
Best Regards,
Ravi
Attached File(s)
File Type: ex4 4Weeks_4Months_Highs_Lows.ex4   37 KB | 343 downloads
Ravi Kiran T V
  • #2
  • Feb 26, 2024 9:13pm Feb 26, 2024 9:13pm
My position as of now.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 57 KB
Ravi Kiran T V
  • #3
  • Feb 26, 2024 10:47pm Feb 26, 2024 10:47pm
here is the result
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Ravi Kiran T V
  • #4
  • Mar 1, 2024 7:24am Mar 1, 2024 7:24am
Ok, so let's see how you're doing.
I'm subscribed.

Quoting RaviKiran
here is the result {image}
That's what is called a one-off.
Now, you need to show a thousand more of them.
And attach the statement, or preferably your Trade Explorer.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #5
  • Mar 1, 2024 9:42am Mar 1, 2024 9:42am
Quoting RaviKiran
As we are all aware, that Price is so enticing, that it will make us buy near highs and sell near lows. I came up with IDEA, where we might beomce a FOMO, but our account may not be blown up. Attach, is a simple code done, by the previous thread. Make use of it and post your experience. Best Regards, Ravi {file}
Hi Ravi,

Now your in the right place & I'm subscribed. BestTraderEv is right, show a thousand more. I wish you the best.
  • #6
  • Edited 10:42am Mar 1, 2024 10:30am | Edited 10:42am
What do you think about this?
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-01_174131.jpg Size: 391 KB


There is only one element to add to this: A Money Management EA.
I have that, too.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #7
  • Edited 11:23am Mar 1, 2024 11:03am | Edited 11:23am
Quoting RaviKiran
here is the result {image}

  1. You hedged your positions =
  2. You showed only the winning one =
  3. You did not show the final money result =
  4. We don't know if you made any profit overall =
  5. We don't know if you closed the losing position, or not =

Your result from my point of view: 1x / 4x

One more thing I noticed: trading hours are what is called Asian Session.

.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #8
  • Mar 1, 2024 11:20am Mar 1, 2024 11:20am
One-off test of concept:
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-01_181921.jpg Size: 320 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #9
  • Edited 3:14am Mar 2, 2024 2:25am | Edited 3:14am
Quoting BestTraderEv
{quote} You hedged your positions = You showed only the winning one = You did not show the final money result = We don't know if you made any profit overall = We don't know if you closed the losing position, or not = Your result from my point of view: 1x / 4x One more thing I noticed: trading hours are what is called Asian Session.

Sir,
Some one was annoyed, because I posted my trades and advised, me to go to interactive trading thread sir
Nothing else .
I told that day itself, this idea would be a game changer for everyone.
Sir
Please see this below, it is the username, password and server IP adress

2100165575
uxds8om
UniglobeMarkets-Demo

One, can see a SIGNIFICANT change in the trading history, after using the code of ours.
No one will ask to prove, or ask anybody if this is correct.

Trading can be described as
"WHAT THE WISE DOES IN THE BEGINNING, THE FOOL DOES AT THE LAST"

Again arises, where is the BEGINNING and where is the LAST !

SIR, did you read the Manu and the pig story?
I was waiting for an applaud

Happy weekend everyone
Ravi Kiran T V
  • #10
  • Mar 2, 2024 5:00am Mar 2, 2024 5:00am
In my previous post I forgot yo mention one very importatnt thing:
NO STOP LOSS !!! x 1 000 000 x
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #11
  • Edited 5:39am Mar 2, 2024 5:15am | Edited 5:39am
Quoting RaviKiran
{quote} "WHAT THE WISE DOES IN THE BEGINNING, THE FOOL DOES AT THE LAST" Again arises, where is the BEGINNING and where is the LAST ! SIR, did you read the Manu and the pig story? I was waiting for an applaud Happy weekend everyone
Sorry to disappoint, but those kind of stories are a total nonsense.
They are full of logical fallacies.
If you really aim to become wise, please study "logical fallacies".
And check out, also, "Barnum Statements / Barnum Effect".
That's exactly what the "Manu-type" stories are constructed to do.
They mean nothing, absolutely nothing.
You are the one that looks for meaning in them and you are the one who ascribes meaning to them.

As far as trading is concerned, I can understand that you might be experiencing an "AHA" moment, and that your trading may have become better and more profitable. And I applaud that part.
The sole fact that you aren't using any Stop Loss and no EA to manage your wallet, means that there will be a moment when you will lose all of your profit.
Every successful trader who is known emphasises the absolute neccesity to use Stop Loss.

The fact that prices tend to react, sometimes strongly, at specific levels, (not only the W1 and MN1 ones) has been known for tens of years, if not more. This fact does not mean that you shouldn't use Stop Loss. I know people like you. One person whom I mentored a long time ago had a similar "AHA" moment and insisted that there is a set of "Magical Moving Averages" that create some "Magic Waves" and that price respects those levels. He even went on tour with his ideas and traveled around my country giving lectures and seminars. He also didn't use Stop Loss and was amazed at his initial profits, bcause "the price always comes back". Guess what happened? Yes, you are correct - he broke yet another account!

Your general idea may not be bad, but it needs a lot of refining and it needs Stop Loss.

PS. There is also another element:
You are trading at Asian Session hours - that's when volatility is usually small and not much is happening.
For example, your trade on AUDUSD was taken 4:53 which is 3:53 at night where I am.
People who can trade on the Asian Session usually do a bit better, because volatility is low.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #12
  • Mar 2, 2024 5:39am Mar 2, 2024 5:39am
Quoting BestTraderEv
{quote} People who can trade on the Asian Session usually do a bit better, because volatility is low.
Talking about logical fallacies...
Why should volatility make you a better or worse trader? (Philosophical Fallacies: Ways of Erring in Philosophical Exposition)
If you have low volatility, you trade bigger lot-sizes.
If you have high volatility, you trade smaller lot-sizes.
If you have an edge, you have an edge regardless of volatility (if you don't have one, you don't have one).
  • #13
  • Mar 2, 2024 5:47am Mar 2, 2024 5:47am
Quoting BestTraderEv
{quote} Sorry to disappoint, but those kind of stories are a total nonsense. They are full of logical fallacies. If you really aim to become wise, please study "logical fallacies". And check out, also, "Barnum Statements / Barnum Effect". That's exactly what the "Manu-type" stories are constructed to do. They mean nothing, absolutely nothing. You are the one that looks for meaning in them and you are the one who ascribes meaning to them. As far as trading is concerned, I can understand that you might be experiencing an "AHA" moment, and that your...

All all all of it this said is correct. I have a fixed so loss in mind.
1.0 standard lot, it will be 500, dollars.
Ravi Kiran T V
  • #14
  • Mar 2, 2024 6:14am Mar 2, 2024 6:14am
Here is yet another thing which you must improve!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-02_124716.jpg Size: 95 KB

The broker you are using is totally unreliable!
It is not regulated by any government - which means you have no way of doing anything in case they refuse to pay, or go broke, or simply disappear.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #15
  • Mar 2, 2024 6:26am Mar 2, 2024 6:26am
Quoting BestTraderEv
Here is yet another thing which you must improve!!! {image} The broker you are using is totally unreliable! It is not regulated by any government - which means you have no way of doing anything in case they refuse to pay, or go broke, or simply disappear.

Ok sir
Ravi Kiran T V
  • #16
  • Edited 6:43am Mar 2, 2024 6:33am | Edited 6:43am
Quoting josi
Why should volatility make you a better or worse trader?
It doesn't make you a better trader.
It only means that price is usually more, let's say: predictable (I don't like that word), or tends to move in one direction without voilent reversals.
And this fact makes the illusion that it will always be that way, because the trader is making profits for a good while.
The trader doesn't become better - the trader becomes worse, in reality, because he becomes used to the thing the trader is doing.
Like, for example, not using Stop Loss.
You become accustomed to the fact that "the price always let's me profit".
And that's where you will fall.
Quoting josi
If you have low volatility, you trade bigger lot-sizes.
If you have high volatility, you trade smaller lot-sizes.
That's an unsupported argument - you need to show scientific evidence that your claim is true.
You should always trade according to the Risk/Reward ratio.
Thus, your lot sizes depend on your Stop Loss distance (risk).
Quoting josi
If you have an edge, you have an edge regardless of volatility (if you don't have one, you don't have one).
Again, prove that you actually have an edge...
Did you experience the 2015 CHF flash crash?
Did you ever experience a momentary price change of >=100 pips?
I mean, in the way that your eye can't see it.
One moment the price is here, the next moment it's 100 pips lower and no Stop Loss can help.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #17
  • Mar 2, 2024 6:49am Mar 2, 2024 6:49am
Quoting RaviKiran
{quote} All all all of it this said is correct. I have a fixed so loss in mind. 1.0 standard lot, it will be 500, dollars.
That's no good.
You either need to have it on the broker's server, or you need to have an EA which will close all positions when loss in money >= $500.
And, you need to have in mind, that it will be > or = and most likely greater.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #18
  • Mar 2, 2024 6:52am Mar 2, 2024 6:52am
Quoting BestTraderEv
{quote} That's an unsupported argument - you need to show scientific evidence that your claim is true. You should always trade according to the Risk/Reward ratio. Thus, your lot sizes depend on your Stop Loss distance (risk).
Logical fallacies, again...
Lower volatility means smaller candles, So: your stop loss is closer to your entry point (if your system remains the same, regardless of volatity); therefore smaller volatility means bigger lot-size (if - for example - you take a 1% risk for each trade...)
  • #19
  • Mar 2, 2024 6:56am Mar 2, 2024 6:56am
Quoting josi
{quote} Logical fallacies, again... Lower volatility means smaller candles, So: your stop loss is closer to your entry point (if your system remains the same, regardless of volatity); therefore smaller volatility means bigger lot-size (if - for example - you take a 1% risk for each trade...)
That's what I said - LOL!
Maybe your language translator is not doing a great job?
I am posting in English - for your information.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #20
  • Mar 2, 2024 7:01am Mar 2, 2024 7:01am
Quoting BestTraderEv
{quote} That's what I said - LOL! Maybe your language translator is not doing a great job? I am posting in English - for your information.
If you don't understand that you need no empirical evidence in a logical argument, then you don't understand that your answer to my post was inconsequential.
All the best
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