Transition from Losing to Winning | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is opposite of losing strategy a winning strategy? 21 replies

Close Losing Position, Set Trailing Stop to Winning Position 2 replies

Change a losing system into a Winning system 68 replies

Script/EA to balance losing trades agianst winning trades 23 replies

Scaling: In/Out. Winning/Losing 45 replies

Attachments: Transition from Losing to Winning
Exit Attachments

Transition from Losing to Winning

  • #121
  • Sep 20, 2008 3:13pm Sep 20, 2008 3:13pm
In the long run, you'd probably have better luck collecting the carry on USD/ZAR without blowing up, than creating an EA that actually lasts.
  • #122
  • Sep 20, 2008 3:18pm Sep 20, 2008 3:18pm


Quoting blueruby
You hope they have a good run before that time, and get your money back out. If you happen to start at the wrong time, the account can get blown.
  • #123
  • Sep 20, 2008 7:26pm Sep 20, 2008 7:26pm
Quoting tdion
Say it aint so mister. You got the programin' minerals. I just know it.
  • #124
  • Nov 29, 2008 1:30pm Nov 29, 2008 1:30pm
Quoting blueruby
I don't have enough confidence in fibs to trade them, and don't believe 300 pip drawdowns are "OK". Also, if a support or resistance is pierced but it doesn't hold, that's a strong signal to trade the other direction, not enter in the direction of the breach.
I think the essence of Skunny's system is that the initial pierce provides the prediction of which way the market will go, then the fib should be "validated" by retracing to the .382 or .618. There's nothing that says you "have" to enter right at the pierce. You can set limit orders at the .382 and/or .618 to minimize your risk, and/or you can run a counter trade on the retracement. You won't catch the ones that never make it to the retrace levels, but does that really matter in the grand scheme of things?
  • #125
  • Dec 5, 2008 9:08am Dec 5, 2008 9:08am
Quoting blueruby
Hello friends,

Nothing has changed here. I look at the trading platforms long enough to see how the EA's did that day. Really a person needs to start them up, then walk away for a month or a year. Yes, I'm trading a couple with real money. Don't ask, they don't belong to me, I do some programming for a friend that seems to be good at coming up with strategies.

One of them turns 1 into 40 from 1/1/08 until 8/15/08. Then 40 turns back into 10 in one week. Still not too bad. Unless you started a week or two before that week! That's the thing about...

Hi Blueruby,
If you want set and forget trading that may fit in with your job, take a look at Joel Rensink's public systems at http://infiniteyieldforex.blogspot.com/

I have been using them since late May, but since September have taken a more proactive stance on them. For my results see this post number 10 in my newbies thread: http://www.forexfactory.com/showthread.php?t=89222

Good pips to all.
Ian
  • #126
  • Mar 7, 2009 9:34am Mar 7, 2009 9:34am
Hi everyone,

I'm always amazed when I return here after months of hiatus, and see how many of the once-familiar threads are still active, and see many familiar names.

I've been running an EA live for pennies since last fall. Backtested for 2008 it was phenomenal, that's why I started it on a live forward test.

Then I got Broco, and they have many years of backtest data available. Over 5 years, the EA still makes money, but you would have had to wait until 2008 to get those profits.

Nevertheless, it still runs along, and I look forward to seeing what it did every morning when I get up, and each evening when I get home. Overall, it's lost maybe 10 bucks, and that account was down to about $240.

Around the first of Feb I started trading again myself.

I have not yet lost a trade.

Here's what I'm doing. The method used on the EA is sound overall. It is an SAR so it is in the market all the time. When I get up in the morning before work, I look at the EA, and the chart and just see what's going on.

If I see a trade that has pulled back, as most do, but is starting back in the right direction, I place a trade with one mini lot. I look for 5 pips, sometimes I get a few more, sometimes a few less. Most of the time I set a 5 t/p and leave it and do emails or get breakfast or whatever. Sometimes I'll watch and try for 6 or more pips, although doing that has never been successful for me.

I'm basically trading noise on the 1 hour. You can probably always get 5 pips. A few times the trade has gone 20 or so pips against me before coming back. That's where having watched the EA for months comes in. I have confidence in the probability that the trade will turn.

I know, it's against all the rules and advice, 1 mini lot is too much on a (now $300) account. Allowing 20 - 30 pips drawdown to get 5 is no good.

Maybe part of the formula is trading 6 - 7 am EDT when it's kinda quiet.

Hope this helps someone out there. It's the good first winning streak I've ever had.
  • #127
  • Mar 7, 2009 9:39am Mar 7, 2009 9:39am
PS. Buy low, sell high, right?

What's low now? Real estate. We know things go in cycles, and houses can't possibly stay this low. Just as the bubble raised prices artificially, now the burst has lowered them artificially. Builders aren't building, houses are being abandoned to the elements... but teenagers aren't just disappearing. They'll need houses in 5 - 10 years.

Interest is low, houses are cheap, rent is as high as ever. Do the math. I mean really do it.
  • #128
  • Mar 7, 2009 1:44pm Mar 7, 2009 1:44pm
Quoting blueruby
PS. Buy low, sell high, right?

What's low now? Real estate. We know things go in cycles, and houses can't possibly stay this low. Just as the bubble raised prices artificially, now the burst has lowered them artificially. Builders aren't building, houses are being abandoned to the elements... but teenagers aren't just disappearing. They'll need houses in 5 - 10 years.

Interest is low, houses are cheap, rent is as high as ever. Do the math. I mean really do it.
Do he math? How about an over-supply of housing that the bubble brought on. How about those not even counted by the general market that banks are holding onto. Once those get dumped onto the open market... good night.
  • #129
  • Mar 8, 2009 7:26am Mar 8, 2009 7:26am
Quoting fxterrapin
Do he math? How about an over-supply of housing that the bubble brought on. How about those not even counted by the general market that banks are holding onto. Once those get dumped onto the open market... good night.
Thanks for the input. I guess that would be a discussion for another forum.

But,

1. I'm looking only at my local market and will buy houses only in this town.
2. My mentor is very good at this and knows the market well.
3. How can there be an oversupply of housing? Where did all those people go? (answer: they're tenants. They do live somewhere.)
4. From what I see in the trenches, the banks and HUD are dumping as fast as they can, that's why the prices are low.
5. Not worried about the price of my houses going down, I'm not planning to sell a one of them, ever.
6. After "good night", I guess I'm just stuck with $200 - 300 per month cash flow from each and every house I own. That starts to add up when you own 50 or 100 of them. Each one, when paid off, becomes $400 per month.

Don't even try to argue my figures, I'll delete your post. You've read enough of my posts to know I'm not a bullshitter.

That's the problem with forums. It's a natural urge, I guess, to try to "save" one's fellow man. How many people would read that last post and get scared out of looking into what is the opportunity of our lifetime for anyone who's ever thought of getting into real estate?

People are doing it. Most aren't making it known because they think it would hurt them, but really, there's plenty to go around.
  • #130
  • Mar 8, 2009 7:54am Mar 8, 2009 7:54am
Blueruby,

I have a friend who started buying cheap section 8 housing in Boston in the late 80's. All multi-units in need of work, in tough neighborhoods, but the gov't pays the rent every month.

The last time I was in Boston was in 2002. He controlled over 50 buildings by then and he started cashing in on them by selling them one at a time. He was fully out of the market by 2006. He's worth a lot of money now, probably more than any of us will ever see.

Go for it.
  • #131
  • Mar 11, 2009 6:30am Mar 11, 2009 6:30am
Quoting blueruby
3. How can there be an oversupply of housing? Where did all those people go? (answer: they're tenants. They do live somewhere.)

Careful, your talking demand, not supply. And yes, you can scoop up some very cheap houses in Detroit for around 6000 USD (which means you probably get the land for free). And yes, most rents are paid by the government, but for how long? Also, location, location, location. Go for it. Just know what you are doing. Real estate is quite specialized.
  • #132
  • Mar 11, 2009 6:31am Mar 11, 2009 6:31am
Quoting Dopey
Blueruby,

I have a friend who started buying cheap section 8 housing in Boston in the late 80's. All multi-units in need of work, in tough neighborhoods, but the gov't pays the rent every month.

The last time I was in Boston was in 2002. He controlled over 50 buildings by then and he started cashing in on them by selling them one at a time. He was fully out of the market by 2006. He's worth a lot of money now, probably more than any of us will ever see.

Go for it.

This ain't the 80s.
  • #133
  • Mar 11, 2009 6:34am Mar 11, 2009 6:34am
Quoting blueruby

Don't even try to argue my figures, I'll delete your post. You've read enough of my posts to know I'm not a bullshitter.
You can still be wrong and not be a bullshitter. But in general that's a great attitude: If you disagree with me, I'll delete your post.
  • #134
  • Edited 4:56pm Oct 23, 2009 4:32pm | Edited 4:56pm
Quoting fxterrapin
You can still be wrong and not be a bullshitter. But in general that's a great attitude: If you disagree with me, I'll delete your post.
More like, "if you lie to me, I'll delete your post".

You pretend to know what you're talking about, offer nothing positive, even though you know nothing of what I'm doing, what market I'm in, what strategy, who I'm working with, etc.

That's almost as ridiculous as being president when you've never even run an ice cream stand!

Like I said before, no matter what a person endeavors, there will be the naysayers, the chicken littles.
  • #135
  • Oct 23, 2009 4:59pm Oct 23, 2009 4:59pm
Quoting piccolo
http://www.youtube.com/watch?v=wU1pD4xPe2M&NR=1&fmt=18
Wow piccolo! That is awesome! Really amazing production buddy, I'm very impressed!
  • #136
  • Oct 23, 2009 7:54pm Oct 23, 2009 7:54pm
Quoting blueruby
More like, "if you lie to me, I'll delete your post".

You pretend to know what you're talking about, offer nothing positive, even though you know nothing of what I'm doing, what market I'm in, what strategy, who I'm working with, etc.

That's almost as ridiculous as being president when you've never even run an ice cream stand!

Like I said before, no matter what a person endeavors, there will be the naysayers, the chicken littles.
Yeah sure... talk about a day late and a dollar short!
  • #137
  • Jun 5, 2011 10:39pm Jun 5, 2011 10:39pm
blueruby, I love the Buy/Sell scripts you posted, but FYI they don't support 5 digit brokers as-is. You might want to update the scripts and re-upload so people don't download them and run them without thinking on a 3/5 pip account.
  • #138
  • Oct 2, 2011 10:47am Oct 2, 2011 10:47am
Quoting blueruby
I wish I had done this sooner. I put these together yesterday and I think I'm really gonna love them.

They are to be placed in the scripts folder.

Use:

Enter in your stop in pips and your risk % (% of account equity that you want to risk on this trade) and it calculates position size, asks for confirmation (if set true), and opens a trade. This is a script, so it stops executing right there, and you will have a normal order which you can modify as you normally do.

If the trade hits the stop, you will lose the % of your account equity...
I'm trying to feelmy way out in the dark but here's my question.
Equity 3000 USD.Max risk per trade-0.5%,Max risk overall on equity-2%.
1. Does using this script help calculate the appropriate S/L ?
For instance:
Buy .01 lot EUR/USD at 1.32415 ,what would be my Stop Loss in 'price' as in 1.3xxxy so that if my S/L gets hit I do not lose more than 15USD(.5% of 3000USD)?
2. How do you read the ATR for a time frame?For instance ATR (5minute)EUR/USD shows .0005 last 5 mins.So what Trailing Stop can I use for my trade above ,5 pips or is it 50 pips(if you note ,I've got prices in 1.xxxxy ie 5 decimal places viz pip and pipette)?

Mighty helpful if anyone can reply to this even though the original post was 3 years ago.
Thanks.
  • #139
  • Jan 8, 2013 4:25pm Jan 8, 2013 4:25pm
Quoting fxterrapin
Do he math? How about an over-supply of housing that the bubble brought on. How about those not even counted by the general market that banks are holding onto. Once those get dumped onto the open market... good night.
So, once again, a chicken little peeps but the sky does not fall. In fact, he was peeping pretty darn close to the market bottom. Prices are recovering, the only hits I've taken are from allowing the wrong people to rent from me. Pretty stupid of me, in this day of internet information, but my mentor told me to "follow my gut". My gut is way too trusting. Anyway, I'm learning the ropes and have a few nice houses paid for that can only appreciate in value. They'll stay empty until I find someone worth renting to.

No, this isn't the 80's. This is the 70's! Buy, BUY, BUY!!!!
  • #140
  • Last Post: Jul 27, 2023 5:55am Jul 27, 2023 5:55am
good topic regarding to size of trades!
0 traders viewing now