Today is very good day, I will give a hint for the filter. 90% market hit this target level. Anyone can tell what is this target place where market hit 90%.
x.
- #65
- May 3, 2024 12:48am May 3, 2024 12:48am
In past 15 years I created more than 5000 strategies.
I started same like you all my friends.
I was thinking i will earn lot of money and become very RICH.
Market throw me very hard on the ground.
Than i start modifying indicators which are available in market.
Now think If we can change indicator and start making money why coders are still coding same indicators for years for different traders.
Coders understand nothing works and they keep Quite and continue coding to make their money.
I have paid more than 200++ coders in my 15 years of research.
I always ask each of them did they find any system
Lot of them do not reply
Some were honest and said if they have found the system they will be making money rather than coding.
It is very hard to find good system.
All indicators are based on market movement none of them can show you market predictions and no indicator can give you high winning trades Logic.
Please do not waste your time and energy to modify and look for new holy grail systems.
Traders who have earn money are those who really follow risk management and earn small but the key they survive is they have backup for expenses.
or
they have decent amount to make small money but small money not only cover their expenses but increase account equity as well.
2nd type of traders are those traders who really put lot of effort and find some systems and make money from market using risk management and limited trades.
but common in both trading was risk management.
None of the traders have every made money using high risk.
If someone make money few time but end up loosing account with high risk.
I started same like you all my friends.
I was thinking i will earn lot of money and become very RICH.
Market throw me very hard on the ground.
Than i start modifying indicators which are available in market.
Now think If we can change indicator and start making money why coders are still coding same indicators for years for different traders.
Coders understand nothing works and they keep Quite and continue coding to make their money.
I have paid more than 200++ coders in my 15 years of research.
I always ask each of them did they find any system
Lot of them do not reply
Some were honest and said if they have found the system they will be making money rather than coding.
It is very hard to find good system.
All indicators are based on market movement none of them can show you market predictions and no indicator can give you high winning trades Logic.
Please do not waste your time and energy to modify and look for new holy grail systems.
Traders who have earn money are those who really follow risk management and earn small but the key they survive is they have backup for expenses.
or
they have decent amount to make small money but small money not only cover their expenses but increase account equity as well.
2nd type of traders are those traders who really put lot of effort and find some systems and make money from market using risk management and limited trades.
but common in both trading was risk management.
None of the traders have every made money using high risk.
If someone make money few time but end up loosing account with high risk.
{quote} My Friend I do not use market indicators or filters. I have own custom filters and custom indicators. If market indicators or filters make money than every one will be millionaire. Market indicators are designed for traders to loose and get in Trap.
I know its not for sharing and completely understand. So let's see I will try to combine ur strategy with my own strategy to get the results that u are getting do keep us in the loop 
and give us more insight on ur strategy Thank you Mike for the quick responses appreciated
much
Today is very good day, I will give a hint for the filter. 90% market hit this target level. Anyone can tell what is this target place where market hit 90%
I have read all of the posts, seems very interesting approach. Looking for this thread to flourish. Subscribed.
Kind Regards, TT
- #76
- May 4, 2024 10:30am May 4, 2024 10:30am
{quote} Wow.. nice
If you want to be Rich, Focus on your Aim.
- #77
- Edited 8:34am May 5, 2024 8:07am | Edited 8:34am
{quote} Mike, I think its the Closing Price of Candle#1 and Opening Price of next candle i.e. Candle#0. Because mostly we don't have gaps b/w candles. I have read all of the posts, seems very interesting approach. Looking for this thread to flourish. Subscribed.
Target makes profits.
Closing and opening in 0 and 1 candle will only gives loss of commission and 1 of my EA have a bug coded by a coder in 2018
EA was opening trade on Candle close and next candle open it close trade loss was commission on each trade
In 3 hours EA open so many trades commission eat all profits.
I lost in 3 hours 18K ++
Than i add in my EA if X% loss in any condition stop EA trading until i reset trading.
{quote} My friend I ask target level. Target makes profits. Closing and opening in 0 and 1 candle will only gives loss of commission and 1 of my EA have a bug coded by a coder in 2018 EA was opening trade on Candle close and next candle open it close trade loss was commission on each trade In 3 hours EA open so many trades commission eat all profits. I lost in 3 hours 18K ++ Than i add in my EA if X% loss in any condition stop EA trading until i reset trading.
regards,
gpsamj
- #79
- May 5, 2024 11:16am May 5, 2024 11:16am
{quote} Sorry to bump into the conversation but wouldn't it be then the high of a candle #1 on a higher timeframe? or as Xinitial mentioned a % of a range (only speaking about targets) im more curious about filtering the signal. regards, gpsamj
My Friend Everyone can jump into this conversation and share your views.
the high of a candle #1 on a higher timeframe : This target is never hit 90% you can check yourself for every breakout in smaller TF and mark higher TF candle target is achieved.
90% Achieved means when we have signal and we open trade 90% we hit profits on these targets.
Xinitial mentioned a % of a range Current candle is always Lagging and we can not make money on lagging candle.
Candle 30% is based on previous candle, if previous candle is 10 pips and current candle only move 2 pips. Please check every time when breakout happen do previous candle 30% is achieved when we have a trade.
Current candle how we will know 30% is achieved if price only moves 3 pips 30% means on average a pip is target and we will not earn we will loose money on commissions.
i m more curious about filtering the signal : Lets everyone use their BRAIN and give IDEA lets see someone can tell exact place.
Once this thread reach 100 Subscribers
I will give 1 more filter.
It took me years to sort out these points, Patience is key to success.
Please think and send your Ideas and thoughts about this Question.
Look at the charts and find the answer.
It is in front of us.
When trader mind stop thinking is when market make bigger pips movement. ( News time )
When trader mind stop thinking that is the time when market make a move to give big losses. People who trade news they should focus at that movement to their Mind and you can feel Mind is not thinking it is Frozen.
Learn and Earn, when Mind is calm that means you are trading in right way and right direction using Risk management. If you lose some trades but you are still in control.
Your winning will make you back on track and you will win more.
When trader mind stop thinking that is the time when market make a move to give big losses. People who trade news they should focus at that movement to their Mind and you can feel Mind is not thinking it is Frozen.
Learn and Earn, when Mind is calm that means you are trading in right way and right direction using Risk management. If you lose some trades but you are still in control.
Your winning will make you back on track and you will win more.