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Attachments: 150-200 pip/month without technical indicators.
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150-200 pip/month without technical indicators.

  • #161
  • Aug 18, 2008 6:51am Aug 18, 2008 6:51am
okay time to cancel everything...
  • #162
  • Aug 18, 2008 7:07am Aug 18, 2008 7:07am
Quoting mrgreen
The OP repeatedly talks of all the manual back testings being conducted to improve the entry, etc. that is a very time consuming, sitting in front of the computer, activity. Of course this may be how they relax, don't know.
sorry, my English is not good, so is possible that i got it wrong. But are you saying that backtesting is a waste of time?

thanks if it not a big problem to you to answer that.
  • #163
  • Aug 18, 2008 9:14am Aug 18, 2008 9:14am
I trade with Oanda...no trade was filled although the 6:30 AM CDT candle came within 2 pips on the Sell side.

I'm just wondering how those of you using different platforms fared?

Great Trading my friends (Tdion, too)!
  • #164
  • Aug 18, 2008 12:26pm Aug 18, 2008 12:26pm
Quoting giraia_br
sorry, my English is not good, so is possible that i got it wrong. But are you saying that backtesting is a waste of time?

thanks if it not a big problem to you to answer that.
No, I am not implyinng that backtesting is a waste of time. I am saying that to manually backtest by hand is a time consuming process.
In trading, there is no bullshit. You either make money or you don't.
  • #165
  • Aug 18, 2008 1:20pm Aug 18, 2008 1:20pm
I agree. I'm a part time forex trader, and have not learned how to do a computer back test. I know there are many out there who can do it rather easily. My questions on this system are whether or not 50 pips is the best amount to shoot for. A back test would show on a daily basis for whatever time period selected would win or lose going for 50 pips. Could be that 40 is better....or 30. Could also show what days of the week are better. For whatever reason(s), maybe the first part of the week is best.
Quoting mrgreen
No, I am not implyinng that backtesting is a waste of time. I am saying that to manually backtest by hand is a time consuming process.
  • #166
  • Aug 18, 2008 1:26pm Aug 18, 2008 1:26pm
I agree. I'm a part time forex trader, and have not learned how to do a computer back test. I know there are many out there who can do it rather easily. My questions on this system are whether or not 50 pips is the best amount to shoot for. A back test would show on a daily basis for whatever time period selected would win or lose going for 50 pips. Could be that 40 is better....or 30. Could also show what days of the week are better. For whatever reason(s), maybe the first part of the week is best.
Quoting mrgreen
No, I am not implyinng that backtesting is a waste of time. I am saying that to manually backtest by hand is a time consuming process.
  • #167
  • Aug 19, 2008 3:22am Aug 19, 2008 3:22am
Bobcat,

No trade for me too last night. Also came very close to the sell order, was set at 1.8649, price came as low as 1.8650 before I canceled the trades at 8.20 GMT+8. So the expiry time managed to save us from a stop out once again last night.

P.s., am on GFT Dealbook.

Quoting Bobcat2
I trade with Oanda...no trade was filled although the 6:30 AM CDT candle came within 2 pips on the Sell side.

I'm just wondering how those of you using different platforms fared?

Great Trading my friends (Tdion, too)!
  • #168
  • Aug 19, 2008 3:30am Aug 19, 2008 3:30am
okay time to set an order...
  • #169
  • Aug 19, 2008 3:34am Aug 19, 2008 3:34am
Are you setting your high and low from at 4.30?
Because I'm starting to do that after 5 pm.

Quoting microsuck_36
okay time to set an order...
  • #170
  • Aug 19, 2008 3:43am Aug 19, 2008 3:43am
Quoting la_maya_k
Are you setting your high and low from at 4.30?
Because I'm starting to do that after 5 pm.
oh I thought ur original setting will be 4:35pm? so now 5pm?
  • #171
  • Aug 19, 2008 3:58am Aug 19, 2008 3:58am
I am setting my orders @ 5PM your time. I am also extending the channel or box to 5PM as well (not 4:35 PM).

Maya, am I doing this correctly?

On yesterday's trade, my sister, dr_cac, let a sigh when the trade wasn't filled...but the time filter and the 3 pip buffer prevented a filled order that would likely have resulted in a loss!
  • #172
  • Aug 19, 2008 6:04am Aug 19, 2008 6:04am
Quoting mrgreen
No, I am not implyinng that backtesting is a waste of time. I am saying that to manually backtest by hand is a time consuming process.
but in your view automated backtest is best than manually? I am asking it because some traders here says that manually is better. I think PC think in this way and if i am not worng Darkstar too. But i can be wrong.

i am not arguing only asking. Thanks for reply.
  • #173
  • Aug 19, 2008 6:52am Aug 19, 2008 6:52am
okay time to cancel everything.....hope tomorrow will be much more better..
  • #174
  • Aug 19, 2008 7:17am Aug 19, 2008 7:17am
Micro,

Yep...the strategy has kept us out of two consecutive ranging days, that would have resulted in losses. This is very encouraging to me that the filters work so well. No-trades are WAAY better than losses!

See ya later for today's trading!
  • #175
  • Aug 19, 2008 7:33am Aug 19, 2008 7:33am
Quoting Bobcat2
Micro,

Yep...the strategy has kept us out of two consecutive ranging days, that would have resulted in losses. This is very encouraging to me that the filters work so well. No-trades are WAAY better than losses!

See ya later for today's trading!
yup...bob remember to change ur time setting...
  • #176
  • Aug 19, 2008 10:37am Aug 19, 2008 10:37am
Quoting microsuck_36
yup...bob remember to change ur time setting...
Sorry Micro...I just woke up...so this may dawn on me later...but what time change are you referring to?
  • #177
  • Aug 19, 2008 10:46am Aug 19, 2008 10:46am
Quoting Bobcat2
Sorry Micro...I just woke up...so this may dawn on me later...but what time change are you referring to?
hi bob,
i meant ur broker setting....
  • #178
  • Aug 19, 2008 11:02am Aug 19, 2008 11:02am
Quoting microsuck_36
hi bob,
i meant ur broker setting....
Sorry Bro...I guess I am still sleepy... LOL

What broker setting change are you referring?
  • #179
  • Aug 19, 2008 11:19am Aug 19, 2008 11:19am
BobCat you're doing exactly the same as I am, same timing and all.
See what goes for tomorrow

Quoting Bobcat2
I am setting my orders @ 5PM your time. I am also extending the channel or box to 5PM as well (not 4:35 PM).

Maya, am I doing this correctly?

On yesterday's trade, my sister, dr_cac, let a sigh when the trade wasn't filled...but the time filter and the 3 pip buffer prevented a filled order that would likely have resulted in a loss!
  • #180
  • Aug 19, 2008 1:47pm Aug 19, 2008 1:47pm
Quoting Bobcat2
Sorry Bro...I guess I am still sleepy... LOL

What broker setting change are you referring?
hi bob,
i send u a message..check ur pm..tq
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