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Trend Finder Daily

  • #601
  • Aug 28, 2008 9:08am Aug 28, 2008 9:08am
Hi All,

I'm a long time lurker, sometime poster to this forum...& FF is truly a "keeper".

I've read & have been following Bull101's thread here.

I want to try back-testing with this method & need help with download of the template (Ronald Raygun's)

Can someone kindly either walk me through the process, or direct me to a place which patiently explains the download-onto-MT-4 process? I try & try & try. Never seems to take. There is always something the the computer, or MT-4 doesn't like. Or it just won't start-up. Always SOMETHING.

Let's assume I have little computer savvy....which is true.
Lets assume I have even less patience....which is true as well.
Lets's also assume that I have the attention span of zero.
And lets assume that I don't know what "protocol" (or any other computer term for that matter) means.

Anyone can help me out.....certainly appreciated.

Thanks

Peter O.
  • #602
  • Aug 28, 2008 9:28am Aug 28, 2008 9:28am
http://www.halcyonfx.com/images/howto/howto.pdf

Start on page 6
  • #603
  • Aug 28, 2008 10:40am Aug 28, 2008 10:40am
Terriffic!!

Thank you Ronald Raygun
  • #604
  • Edited 7:13pm Aug 28, 2008 7:12pm | Edited 7:13pm
Valid signal tonite....CAD/JPY Short....took two positions at 104.11

This trade seems to have two fairly weak red bars at this time, but price is under 200 SMA so qualifies as valid short/sell trade.

Has been a really good week for this system....hope for a very profitable week's end. Good luck!
  • #605
  • Aug 28, 2008 7:16pm Aug 28, 2008 7:16pm
Here is the CAD/JPY Short chart....should have been in the above post!
Attached Image (click to enlarge)
Click to Enlarge Name: cad-jpy.gif Size: 19 KB
  • #606
  • Aug 28, 2008 9:47pm Aug 28, 2008 9:47pm
Not trying to be negative here, but in checking the stats, there has been 39 trades, and the final tally is -391? A great winning percentage, but not so great on pips made?
  • #607
  • Aug 29, 2008 7:59am Aug 29, 2008 7:59am
in this forum not every day the results were published

we would like to know like you have the statistics.... which the source of data is?

in my case this week it only begins a pursuit I specify

alone it would contribute data of my bill demo being my own experience
  • #608
  • Aug 29, 2008 8:19am Aug 29, 2008 8:19am
Quoting jucaorma
in this forum not every day the results were published

we would like to know like you have the statistics.... which the source of data is?

in my case this week it only begins a pursuit I specify

alone it would contribute data of my bill demo being my own experience
This is from the first page of the thread where you can check the stats


Wins Losses Break Evens Win Rate Loss Rate Total Pips .
39 16 11 12 72% 28% (391)
With 16 wins and 11 losses, why not just go for straight PIPS rather than all this buying 4 or 5 positions like the OZ system does? If I'm not wrong, the OZ system suffered HUGE drawdowns because of the way he took so many positions on each trade. If a system has such huge potential drawdowns, people cannot trade it without going crazy. The only way you can trade a system with tremendous drawdowns is either by using micr lots, or on paper.
  • #609
  • Aug 29, 2008 8:32am Aug 29, 2008 8:32am
Quoting paradoxical
Not trying to be negative here, but in checking the stats, there has been 39 trades, and the final tally is -391? A great winning percentage, but not so great on pips made?
Granted there was a time that almost all trades in a week hit stop and bull went low because we did not encourage him. This system has proven to be beneficial, but I think more filters will make more wonderful...food for tot.

This week has been very fantastic. All trades has hit TP on both lots except UJ that is almost hitting SL.

For today CADJPY both lots have hit TP ie +150 pips total. Better week ahead mates
  • #610
  • Aug 29, 2008 8:50am Aug 29, 2008 8:50am
Quoting paradoxical
This is from the first page of the thread where you can check the stats


Wins Losses Break Evens Win Rate Loss Rate Total Pips .
39 16 11 12 72% 28% (391)
With 16 wins and 11 losses, why not just go for straight PIPS rather than all this buying 4 or 5 positions like the OZ system does? If I'm not wrong, the OZ system suffered HUGE drawdowns because of the way he took so many positions on each trade. If a system has such huge potential drawdowns, people cannot trade it without going crazy. The only way you can trade a system with tremendous drawdowns is either by using micr lots, or on paper.
exactly from the first one page until today... all the trades was not published


conclusion the statistic is incomplete

to have a complete statistic it is needed to use the strategy all days for one month or 3 months
  • #611
  • Aug 29, 2008 9:38am Aug 29, 2008 9:38am
There is nothing to keep this system from having 10 or more straight losses. When you're going 400 pips on each trade, that's 4000 pips lost. How many of you can with-stand that type of drawdown at a dollar a pip? all you can do with this kind of poor money management is to go micro pips, so 4000 pips would only mean a $40.00 loss. On the other hand, a 5000 pip gain would be $50.00. So, if you just want to play in the forex market, use this system on a micr account. Or, just demo trade it. IMHO, anyone using this type of trading on a real account will kill their account eventually. The )Z syustem suffered HUGE losses, and this tupe of wagering is nearly identical. yes, look at it after 3,4, or even 7 months, and see where your account is, and see if you can sleep at night. there;s much safer systems out there than this one. Might as well use a martingale system
Quoting jucaorma
exactly from the first one page until today... all the trades was not published


conclusion the statistic is incomplete

to have a complete statistic it is needed to use the strategy all days for one month or 3 months
  • #612
  • Aug 29, 2008 10:30am Aug 29, 2008 10:30am
Quoting paradoxical
There is nothing to keep this system from having 10 or more straight losses. When you're going 400 pips on each trade, that's 4000 pips lost. How many of you can with-stand that type of drawdown at a dollar a pip? all you can do with this kind of poor money management is to go micro pips, so 4000 pips would only mean a $40.00 loss. On the other hand, a 5000 pip gain would be $50.00. So, if you just want to play in the forex market, use this system on a micr account. Or, just demo trade it. IMHO, anyone using this type of trading on a real account will kill their account eventually. The )Z syustem suffered HUGE losses, and this tupe of wagering is nearly identical. yes, look at it after 3,4, or even 7 months, and see where your account is, and see if you can sleep at night. there;s much safer systems out there than this one. Might as well use a martingale system
good information

so we can run only demo and look the diference .....good wind and good sea
  • #613
  • Aug 29, 2008 10:54am Aug 29, 2008 10:54am
Quoting paradoxical
There is nothing to keep this system from having 10 or more straight losses. When you're going 400 pips on each trade, that's 4000 pips lost. How many of you can with-stand that type of drawdown at a dollar a pip? all you can do with this kind of poor money management is to go micro pips, so 4000 pips would only mean a $40.00 loss. On the other hand, a 5000 pip gain would be $50.00. So, if you just want to play in the forex market, use this system on a micr account. Or, just demo trade it. IMHO, anyone using this type of trading on a real account will kill their account eventually. The )Z syustem suffered HUGE losses, and this tupe of wagering is nearly identical. yes, look at it after 3,4, or even 7 months, and see where your account is, and see if you can sleep at night. there;s much safer systems out there than this one. Might as well use a martingale system
Why not try reading the system rules on Bull101's Post #1! To paraphrase: "Take two buy or sell positions on each trade with SL of 100 pips on each....on first position set TP of 50....second position TP of 100." When first position TP of 50 is reached, close out that position and set SL to breakeven on remaining second position." So the very most you can lose total if the trade goes completely sour is 200 pips ($2.00, $20, or $200)....not 4000 pips or $4000! Most profit per trade is 150 pips.

My suggestion to you is find yourself another safer system and find somewhere else to spread your negativity. Oh....and by the way....have a great day!
  • #614
  • Aug 29, 2008 11:04am Aug 29, 2008 11:04am
Great week, gang!!

CAD/JPY closed out overnite with +150 pips profit....grand total for this week's trades is +600 pips!

Have a great weekend!
  • #615
  • Aug 29, 2008 11:57am Aug 29, 2008 11:57am
Quoting Baggles
I'm now standing in the corner wearing my newbie hat. Thank you so much, now back to making money.
I do the same thing; thankfully we are not shot by firing squad at sunrise. And many thanks to the vets that have put up with my questions through the year. p
  • #616
  • Aug 29, 2008 1:43pm Aug 29, 2008 1:43pm
The results on page 1 only go to the end of July. From June 18 to June 24, there was a 1400 PIP drawdown, and one of those days in June, two trades were made that lost 400 PIPS. From July 21 to July 29, there was a 750 PIP drawdown.

Why risk such drawdowns by doing this whole thing of making two separate trades where your gain is 150 pips against a potential loss of 200? With that sort of "money management" this very same trading system LOST 391 PIPS with a 72% win ratio! While the system itself is good with 16 wins and 11 losses, the money management part of it needs some serious work.
  • #617
  • Aug 29, 2008 2:04pm Aug 29, 2008 2:04pm
Why split trades?

One trade, fixed TP, fixed SL. Don't maximize pips, maximize winning trades.
  • #618
  • Aug 29, 2008 2:21pm Aug 29, 2008 2:21pm
I see some potentials in this system though i dnt really agree with the money management aspect of it.i have been demo testing this system and i hav gained some pips though i lost some due to the fact that i disobeyed the rules but wenever i obeyed the rules,i gained.
  • #619
  • Aug 29, 2008 4:07pm Aug 29, 2008 4:07pm
Quoting paradoxical
The results on page 1 only go to the end of July. From June 18 to June 24, there was a 1400 PIP drawdown, and one of those days in June, two trades were made that lost 400 PIPS. From July 21 to July 29, there was a 750 PIP drawdown.

Why risk such drawdowns by doing this whole thing of making two separate trades where your gain is 150 pips against a potential loss of 200? With that sort of "money management" this very same trading system LOST 391 PIPS with a 72% win ratio! While the system itself is good with 16 wins and 11 losses, the money management part of it needs some serious work.
when I check out ur prev posts...I have noticed that u were an ex-kantor?
Glad to know that u r talking/worrying about the DD occurs during trade...
Great..

sonic
  • #620
  • Aug 29, 2008 7:00pm Aug 29, 2008 7:00pm
Hi Sonic,

I'm also an avid follower of your thread. I invested many hours studying the Kantor system, and the number ONE concern for me was the drawdowns. I was caught in the GBP/JPY meltdown, and learned a very hard lesson there. That lesson is that, no matter what indicators or fibs or fundamentals you may use, there is no way you can predict just how high a pair may rise or fall. Just when you think there's a top or bottom, a new top or bottom comes. After you swear that's it...that it can't go up or down any further, it does. That's how accounts are wiped. This one had a 1400 PIP drawdown just last month. What if there were a few wins, and then another drawdown of 2400 PIPS? How many here can withstand that unless you're doing micro lots. And, if you're doing micro lots, you don't really gain much when you make those 1000 pip gains. I don't know how to make indicators or anything. But, i know from experience that the number one thing you must do in forex is to not get wiped out by not using stop losses. With all due respect to Brian, the inventor of the Kantor system, not using stops is a recipe for disaster. Another recipe for disaster is using a system that has bad money management where you're going for 150 and risking 200. Yes, you're gonna have those months where you do just great. The months to plan for are the ones where you lose 2000 pips or even more. A win percentage of over 70%, and you lose money? Give me a break. Even someone with zero experience in forex can see there's something wrong with that picture.
Quoting sonicdeejay
when I check out ur prev posts...I have noticed that u were an ex-kantor?
Glad to know that u r talking/worrying about the DD occurs during trade...
Great..

sonic
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