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Simplicity is the Key

  • #2,921
  • May 1, 2008 10:00pm May 1, 2008 10:00pm
If there is new big news coming a few hours before that the market sentiments or the trend is the perception of many. I normally go with them.
If it so happend that the report com out different just stay put it will normally back againafter a few hours and will resume its trend. Because most of temporary trader will leave after 10-15 minutes.
  • #2,922
  • May 1, 2008 10:02pm May 1, 2008 10:02pm
Quoting trader101
The is this one indicator that help me understand the relationship among currencies, it is called Multi Trend indicator, you can google it and download and you can study it. I portrays the relation ship of USD to all currencies and they are all written in the same window, I know i have one but i dont where.

agree....

in fact, most of t time we are LONGing USD or SHORTing USD...regardless of which ever pair u buy...

e.g.

If we SHORT EUR/USD.... it has the *similar* effect as if you are Shorting AUD/USD......

nice one T101
  • #2,923
  • May 1, 2008 10:05pm May 1, 2008 10:05pm
Now try this select an indicator that is less lagging make this indicator as your measuring stick to either buy or sell exactly how you define you trading and gradually trades you 13 currency as they reached you guidelines to trade. and put a tp profit according to the force of each currencies, and you will be a winner, not a big time winners but a more than 50 % winner.
  • #2,924
  • May 1, 2008 10:07pm May 1, 2008 10:07pm
Now if you are programmer you will try to code this because you are lazy to do it manually and then the excuse that i dont want to miss any trade. You will backtest this and the results is not good.
  • #2,925
  • May 1, 2008 10:10pm May 1, 2008 10:10pm
Your conclusion .. no good. because you back test this currency by currency because that is the capability of the mT4 platform, what you did realize that if their a way that you backtest all 13 currencies at one time it will be a big winner. In trading there is always losses, just make sure you have more winner than losers
  • #2,926
  • May 1, 2008 10:12pm May 1, 2008 10:12pm
But if you are an old school like me, you will do it by hand because the program cannot do it. And to your surprise not a single week that you are a loser.
  • #2,927
  • May 1, 2008 10:19pm May 1, 2008 10:19pm
A procedure that everybody was saying it is tedious and no future in that endeavor.. turns out to be the real gold.. that is the problem after the advent of computer, nobody likes to this by hand now. Anything that cannot be done by computer we conclude that it is not viable. Exactly what happend to Ultimate and Delight. No programmer will program this because it cannot be tester, so i do it myself. I ask again for testing because i have no time they told me its a loser. I was surprise because manually it works. Waht they did is tested it one ccy pair at a time then concluded it is rubbish. They are after those EA that win competitions because they are proven winners, but look at those EA carefully, complicated like hell delivers oly 30% annually, and people buying those EA for like 1,500 a pop.
  • #2,928
  • May 1, 2008 10:22pm May 1, 2008 10:22pm
The program we have is simple basket trading system buy in bulk because it is cheaper and store it at home when the time come one by one the item in your basket becomes valuable then you sell them accordingly. This is my explanation in a nutshell.
  • #2,929
  • May 1, 2008 10:32pm May 1, 2008 10:32pm
Thank you for the insight to your method. I wonder why you say backtesting of this is no good? If you run it for all 13 pairs and combine the results wouldn't it produce the same results we've seen the last few weeks? I also wonder how you decide to get out of a trade, you say you buy in bulk and wait until valuable, but sometimes it never becomes valuable and just keps dropping.
Again thanks for everything, going to bed now since the Avs are getting crushed.
  • #2,930
  • May 1, 2008 10:33pm May 1, 2008 10:33pm
In conclusion...
I am very postitive that Delight and Ultimate in weekly basis will always be a winner. I could not imagine that we will lose even week, because if we loss it means there is a great imbalance in the currencies and that should never happend to currencies unless there is some kind of disaster far more greater than the 911 in NY or the meteor hitting the earth (exagerating a bit). Meaning normal currency flow our program will always wins.
  • #2,931
  • May 1, 2008 10:34pm May 1, 2008 10:34pm
Trader, this is a great explanation of your basket trading strategy. Very simple approach, but very complex in it's automated implementation. Congrats!!!
  • #2,932
  • May 1, 2008 10:37pm May 1, 2008 10:37pm
Wow - That sure is an interesting way to run a seminar. I've never seen this done before.

Since you mentioned only Delight and Ultimate, do you consider the Trader's Best to be the weakest of the three?
  • #2,933
  • May 1, 2008 10:38pm May 1, 2008 10:38pm
Quoting Mantorp
Thank you for the insight to your method. I wonder why you say backtesting of this is no good? If you run it for all 13 pairs and combine the results wouldn't it produce the same results we've seen the last few weeks? I also wonder how you decide to get out of a trade, you say you buy in bulk and wait until valuable, but sometimes it never becomes valuable and just keps dropping.
Again thanks for everything, going to bed now since the Avs are getting crushed.
You are right sometimes there are stuff in our basket that will not become valuable then we our program will drop it and pick up the opposite of it (the hedging) and eventually drop it and keep the opposite.
  • #2,934
  • May 1, 2008 10:39pm May 1, 2008 10:39pm
Quoting hansel
Wow - That sure is an interesting way to run a seminar. I've never seen this done before.

Since you mentioned only Delight and Ultimate, do you consider the Trader's Best to be the weakest of the three?
yes because it was design for ranging market and market only range 15% times 85% trending.
  • #2,935
  • May 1, 2008 10:45pm May 1, 2008 10:45pm
Quoting Mantorp
Thank you for the insight to your method. I wonder why you say backtesting of this is no good? If you run it for all 13 pairs and combine the results wouldn't it produce the same results we've seen the last few weeks? I also wonder how you decide to get out of a trade, you say you buy in bulk and wait until valuable, but sometimes it never becomes valuable and just keps dropping.
Again thanks for everything, going to bed now since the Avs are getting crushed.
On the backtesting, since if you do it currency by currency and if you happend to blew the account on one currency the testing will stop and you could no longer proceed. Programmers conclusion not good.. not profittable. It must be remember that unless mt4 have a multi currency tester then this method will never be profittable.
  • #2,936
  • May 1, 2008 11:02pm May 1, 2008 11:02pm
goodnight everyone that on this side of the world. Well see what tommorrow brings.
  • #2,937
  • May 2, 2008 1:06am May 2, 2008 1:06am
Quoting antomi
Okay,
I would suggest the following:
Test definition:
start: Tuesday (just to use the rest of this week), 30 min before London open
end: Friday, 30 min before NY open
EA: TradersDelight
Pairs (13):
eurusd, usdchf, usdcad, audusd, nzdusd, eurchf, eurgbp, gbpusd, usdjpy, eurjpy, gbpjpy, gbpchf, aujpy

For the reports please use only pips (since some might have different currency accounts).

It would be great to compare at least 4 different brokers and that all these brokers are tested by severall users. What I mean is that e.g. Alpari is done by severall users in order to compare the same broker at different places/time-zones.

I will do ALPARI, MIG, NF

Can we all agree on that?

Antomi


Good morning all,

Today we will close our test trades 30 min before NY opens and later I will publish my results.
I'm excited to compare the results with you.
Again please use either trader101 (MyForm.xls) or my Excel-Sheet (risk & daily performance.xls).

Antomi
  • #2,938
  • May 2, 2008 2:42am May 2, 2008 2:42am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting antomi
Good morning all,

Today we will close our test trades 30 min before NY opens and later I will publish my results.
I'm excited to compare the results with you.
Again please use either trader101 (MyForm.xls) or my Excel-Sheet (risk & daily performance.xls).

Antomi
Hi Antomi
I tried to add my details to your sheet, but it would only calculate the rows that you had set, anything after that failed? Not sure why, i even copied the cells and moved them down to no avail. could you check this please.

regards

MPP
  • #2,939
  • May 2, 2008 3:57am May 2, 2008 3:57am
Trader101, I found what appears like a multi-trend indicator. It has got some non- english component.
Attached File(s)
File Type: zip TREND_alexcud+sounds.zip   649 KB | 1,057 downloads
File Type: mq4 TREND_alexcud.mq4   28 KB | 411 downloads
File Type: mq4 TREND_alexcud_2_модификация.mq4   44 KB | 423 downloads
  • #2,940
  • May 2, 2008 4:22am May 2, 2008 4:22am
Quoting MPP
Hi Antomi
I tried to add my details to your sheet, but it would only calculate the rows that you had set, anything after that failed? Not sure why, i even copied the cells and moved them down to no avail. could you check this please.

regards

MPP

MPP,
can you send me (PM) the file so that I can check it? Thanks.
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