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Leighsww Journal

  • #201
  • Dec 2, 2008 5:14pm Dec 2, 2008 5:14pm
Quoting leighsww
Hi Jairo,

Oh, that is so good to hear about your EA!! How exciting! Your results look GREAT! Looking at your account stats, that's little less than 24 hours worth of data and your closed P/L is looking fantastic, my dear!!

The forward testing is what's going to prove your system viable, and it seems that you've been having success with it thus far.

I know you mentioned that you've back tested it from 1999 to now, but is the attached data a forward test (not a backtest)? Cuz, that's the one that will count.

I had a few scripts I wrote...
Hi Leighsww,

Thank you for your words of encouragements. I feel like I am near victory after almost 12 years fighting restlessly with the markets.

I share your feelings about rescues. I think I never was and never will be good with them.

There was a change in FF that brought back to life all threads that were not closed by moderators. Please let it open. Your gift to the community is precious. I am sure people want to tell you that.

In the backtest from 1999, knowing the weaknesses of my EA, I blocked it from trading during the wildest months (from january to october of each year). It was allowed to enter january only to end pending jobs. So it is not a very significant result. But it brought me to the conclusion that november and december are relatively "safe" months.

Based on this, I am taking a calculated risk now: attached the monster baby to a live account. Let's see what will happen. That regular up slope shows up in all tests made under controlled conditions (erratic or relatively quiet markets). For now, strong trending markets must be avoided.

Please be always with us. I miss you very much in the forums. Don't give up too. You will find your way to big success in the markets, I am sure of it.

Edit: hey, I didn't cut your post! FF is saving some disk space, it looks like...
  • #202
  • Dec 3, 2008 3:46pm Dec 3, 2008 3:46pm
You are very sweet. Thank you, Jairo.

Please keep me informed about how your EA continues to perform. You can post anything you want to share about them here, no problem.

I might not be as active as I used to be, but it will be nice to discuss things when time permits.

Yes, I surely won't give up either. I know there's potential in what I'm working on. I will share it when ready.
  • #203
  • Edited 7:22pm Dec 3, 2008 6:11pm | Edited 7:22pm
Quoting leighsww
You are very sweet. Thank you, Jairo.

Please keep me informed about how your EA continues to perform. You can post anything you want to share about them here, no problem.

I might not be as active as I used to be, but it will be nice to discuss things when time permits.

Yes, I surely won't give up either. I know there's potential in what I'm working on. I will share it when ready.
Leighsww, thank you for the space granted. I promise I will not use the permission to spam your journal.

I have just configured ForexTSD Rent a Signal service (free signals section) to broadcast my trades. Though it appears as pending approval, it is already collecting my trades, running statistics on them and showing it all. A genius project, conducted by newdigital. It is intended to mirror trades through the internet using the MT4 platform. Let's see if my EA performs in public as is has been performing in private .
  • #204
  • Dec 5, 2008 12:03am Dec 5, 2008 12:03am
Quoting leighsww
You are very sweet. Thank you, Jairo.

Please keep me informed about how your EA continues to perform. You can post anything you want to share about them here, no problem.

I might not be as active as I used to be, but it will be nice to discuss things when time permits.

Yes, I surely won't give up either. I know there's potential in what I'm working on. I will share it when ready.
Leighsww,

Looking forward for your study and thank you for asking. My trading has stop at the moment. I need more time to study FTI thread. I want to be sure I am a better and sound fx trader. Not hot head or stupid as before. That is why sometime I do need some "whipping" from mom..lol. take care of your self and good luck Jairo on your new found system.
  • #205
  • Dec 5, 2008 3:13am Dec 5, 2008 3:13am
Quoting sovo1970
Leighsww,

Looking forward for your study and thank you for asking. My trading has stop at the moment. I need more time to study FTI thread. I want to be sure I am a better and sound fx trader. Not hot head or stupid as before. That is why sometime I do need some "whipping" from mom..lol. take care of your self and good luck Jairo on your new found system.
Thank you sovo! Good luck in your quest too. Fti teachings are precious. Powerful but dangerous is misused. Take care.
  • #206
  • Edited 6:06pm Dec 5, 2008 2:06pm | Edited 6:06pm
Hi Leighsww,

I am in debt of some clarification about the method I am automating, though I am not sure if it helps in any way. Please disregard if it doesn't.

My EA follows 3 basic guidelines:

- It will follow the flow
- It will try to be aware of market conditions
- Sometimes it will rescue.

This is in accordance with fti's teachings (I am afraid he will not like it ). But here comes a point of divergence: it trades both directions. EAs trade 24/7 and don't get disoriented, so I chose this approach.

Putting these things together is somewhat tricky (especially the second guideline. There is a lot to be improved here).

Simulations are promising, biggest danger is blowing the account with the rescue procedure. Market awareness seems to be the answer.

It is interesting to see it trade without rescues. As the market awareness needs improvement, the account slowly bleeds. Good market insight is necessary for the "setup approach" to be profitable.

This is the point I am at. It is a work in progress.

Thank you for all the help you have always provided us with.
  • #207
  • Dec 5, 2008 7:53pm Dec 5, 2008 7:53pm
Quoting sovo
That is why sometime I do need some "whipping" from mom..lol.
Well, you have to post more if you want whippin's cuz I can't whip you for nothing, lol (or are you referring to your new Mom?)

Take care too and have a wonderful holiday season (just in case I am not able to whip you before then)!

Quoting Jairo
I am in debt of some clarification about the method I am automating,
I am very interested in discussing your project more with you (I am especially curious as to how you are automating the rescues), but unfortunately, I can't at this moment. We have out-of-town guests coming in today and staying the entire weekend, so I'm going to be busy with them.

When I get back here early next week, we can pick up the convo. Also, I'd like to visit that public signal service you have activated your EA trades at, so I can see how you're doing. I'll probably need a link for that. If you're not able to link it here (if it conflicts with FF forum rules or something), let me know and upon my return, I'll activate my PM temporarily so you can send me the link.

Have a great weekend!
  • #208
  • Edited 7:13am Dec 6, 2008 4:44am | Edited 7:13am
Hi Leighsww,

Googling "rentasignal" will get you straight to the site. As my signals are pending approval, they are visible only for me (through my login and password) and the developers. I hope the service will be fully functional in the next few weeks, so they will go to public stoning - and whipping, lol.

I may discuss my little rescuing tricks whenever you want. I will let you with you family and friends now. Have a great week. Please let me know if you don't find your way to my probation room.
  • #209
  • Dec 8, 2008 7:42pm Dec 8, 2008 7:42pm
Hi Jairo,

I put you on my "buddy list" so you can PM me anytime if you need to send me something that you prefer not to post here in public (I only realized now how that buddy list thingy works, haha).

Okay, I was curious as to how your EA would calculate when it would be the right time to conduct a rescue.

I have some thoughts about the mechanics of determining the criteria, but it's how would a failed rescue be handled? Are you having it conduct a first rescue and if it fails you would then have the EA wait for another criteria setup and just keep adding to the rescue based on those criteria until it finally reverses (which then could be 1000+ pips in the case of a tidal wave run)?

As I mentioned, I no longer conduct rescues so I wouldn't be implementing something like this for myself, but it still peaks my curiosity as to how you are conducting the rescue in your EA for a mechanical method.

Thanks for anything of it you care to share. However, I totally understand and respect if you're not ready or wanting to do so.
  • #210
  • Dec 9, 2008 9:23am Dec 9, 2008 9:23am
Quoting leighsww
Hi Jairo,

I put you on my "buddy list" so you can PM me anytime if you need to send me something that you prefer not to post here in public (I only realized now how that buddy list thingy works, haha).

Okay, I was curious as to how your EA would calculate when it would be the right time to conduct a rescue.

I have some thoughts about the mechanics of determining the criteria, but it's how would a failed rescue be handled? Are you having it conduct a first rescue and if it fails you would then have the EA wait for another criteria...
Hi Leighsww,

Thanks for the buddy. You are in my list too.

I go for rescue when the market has run a minimum distance in pips and some market reading says it has reverted to my direction. This market reading is an open choice. There is no way to be sure about the reversal. It doesn't matter. It is a bet. It is a risk market. I get out of this rescue attempt with little pips profit (if the rescue succeeds). As I trade both directions, I have probably earned some more in the way down. I keep track of accumulated profits along the "cycle" (starting from the point where I have no positions open). When a certain global profit target is met, I close all positions, positive and negative. My EA is highly pips negative, but $$ positive most of the time.

Strong directional moves are, as you know, the weakness of this kind of method. I solved this temporarily blocking the EA from trading under certain market conditions. I turn it on and off (always at the end of a cycle, I don't interfere with its "work") if I think the market is dangerous. History suggests that december is a relatively safe month (little risk of a tidal wave), so it will be running 24/7. From 1999, trading only in november and december (thousands of trades), it never blew the account, it is too much of a bad luck to happen just now. I think it is worth the risk. There are some parameters I may change to increase or decrease aggressiveness (and corresponding risk).

I plan to sofisticate the market readings to a point that it may be left unattended during the whole year. The critical point is: it must be aware of the bigger trend.

I am not conducting manual rescues anymore, too. I don't have the kind of mindset required. It needs quick draws/quick shots. I am a planner. This is my (only chance of an) edge. Each person has to find his/her own.

MT4 is, in my opinion, the best statistical tool for trading. All the important information you need to have an estimation of the chances of a certain method to succeed in the long run are there. You may program what is not ready.

I don't take too seriously the discussion about "no indicators". Price is an indicator. Open, high, low, close may be seen as 4 indicators. Moving averages simplify immensely programming tasks.

I am going to a Dreamweaver class now. Does what I wrote make any sense?
  • #211
  • Dec 9, 2008 2:00pm Dec 9, 2008 2:00pm
Quoting Jairo
You are in my list too.
You don't need to put me in your buddy list if you accept PMs from anybody. It's only because I disable my PM option that you would have to be in my buddy list in order for you to be able to send me a PM.

But thanks anyway, my dear.

Quoting Jairo
Does what I wrote make any sense?
Actually, yes, I understand completely what you have explained.

Let me know when your signal service has made your trades available for public viewing. You will probably have to PM me the link to the exact thread/location where your particular trades will be showing, cuz I went to the site of the signal service and it's composed like a forum, so I'd prefer a direct link so I can find exactly where you will be situated at easier.

If you want, we can also discuss how you might possibly be able to make your EA work year round. Sometimes multiple brains help to open up avenues that one brain might overlook, lol. Anyway, I'd be more than happy to help you with any insights/feedback/musings/etc. I might have on your EA if you want to discuss it further.

I understand that you may not want to post your code or EA strategy completely and that's fine, but just know that if you want any brainstorming assistance, I'm here for ya.

I wish you good fortune, my friend!
  • #212
  • Dec 29, 2008 5:35pm Dec 29, 2008 5:35pm
Hi Leighsww,

My via crucis started this morning. The trades from my little baby are visible now in the free signals section of the rentasignal site. Clicking on the creature's name will open a brief summary of the way it trades. On the statistics section, a chart shows balance/equity very close to what I see in my platform. Click filter, after selecting $10.000 in the combo box or the distortion will be huge. This site is able to reproduce automatically trades from one account to other(s) through the internet.

There is a clamor in the TAF thread for your return. Fti, LuSan, myself among others, nobody can stand your absence anymore. There is a call from heaven, too (I saw an Angel's message ). Please hurry back!
  • #213
  • Dec 29, 2008 6:06pm Dec 29, 2008 6:06pm
Quoting Jairo
Hi Leighsww,

My via crucis started this morning. The trades from my little baby are visible now in the free signals section of the rentasignal site. Clicking on the creature's name will open a brief summary of the way it trades. On the statistics section, a chart shows balance/equity very close to what I see in my platform. Click filter, after selecting $10.000 in the combo box or the distortion will be huge. This site is able to reproduce automatically trades from one account to other(s) through the internet.

There is a clamor in the TAF thread...
Leighsww,
I have not exchanged messages with you in the past, but have read your contributions to both the TAF and follow-on threads. Your contribution to TAF was very good, and I know many people miss your input and ideas in the new thread. Please think about jumping back in. I believe you will find it more open to ideas and alternative thinking than before, although still very much biased towards the original TAF material. I am currently testing the naked-chart-dance-to-PA thing, while trading in my live account with a trading method that works very well for me. Have not come up with anything in TAF that improves on my approach, but have found the exchange of ideas and general banter quite entertaining. Hope this message finds you well, and looking forward to your future contributions.
  • #214
  • Dec 30, 2008 3:08am Dec 30, 2008 3:08am
Quoting Jairo
Hi Leighsww,

My via crucis started this morning. The trades from my little baby are visible now in the free signals section of the rentasignal site. Clicking on the creature's name will open a brief summary of the way it trades. On the statistics section, a chart shows balance/equity very close to what I see in my platform. Click filter, after selecting $10.000 in the combo box or the distortion will be huge. This site is able to reproduce automatically trades from one account to other(s) through the internet.
Hi Jairo,

Hey, that's great! I'll keep my eyes on your progress. I hope to share some of my own progress in due time, as well (I am pleased so far with my results, but still want more quantifying to be sure I'm consistent)

Quoting Jairo
There is a clamor in the TAF thread for your return. Fti, LuSan, myself among others, nobody can stand your absence anymore. There is a call from heaven, too (I saw an Angel's message ). Please hurry back!
I have gone and posted something, so I am sure you will read it, lol. Please do me the favor and remove your vouch for me if you have only done so because of fti's post. Vouches should be given only if one can relate to what a Trader is saying/doing and feels that their views, philosophies, etc. has merit and I feel that most were giving me the vouches because fti put it to them in such a manner that they felt obligated to do so. That is not how a vouch should be given/used.

Anyway, I think it probably best that I stay out of that TAF lounge thread, cuz I do not want to cause any disruptions. It was somewhat painful what turmoil I caused the last time, so I do not want to go through that again or cause anybody else to go through that again, lol.

I will post to my journal when I can share more of what I am doing. It is too soon for me to post my results, cuz I do not want to jinx things, haha. I want to have several months worth of consistency. I am very hopeful with what I have done so far, so we shall see how it continues to go

I will keep checking on your progress at the signal service. I am very excited for you and wish you much success with it!
  • #215
  • Edited 4:10am Dec 30, 2008 3:53am | Edited 4:10am
Quoting rapaduski1
Leighsww,
I have not exchanged messages with you in the past, but have read your contributions to both the TAF and follow-on threads. Your contribution to TAF was very good, and I know many people miss your input and ideas in the new thread. Please think about jumping back in. I believe you will find it more open to ideas and alternative thinking than before, although still very much biased towards the original TAF material. I am currently testing the naked-chart-dance-to-PA thing, while trading in my live account with a trading method that works...
Hi rapaduski,

Thank you for sharing with me what you are doing and for your compliments. That is excellent that you have found a successful trading method for yourself.

I don't think it would be wise for me to jump back into posting at the TAF lounge thread, because I am no longer using fti's method.

I am currently using a 2h timeframe and basing my entries on the Daily and Weekly "closes." My TP is 100 - 200 pips per pair. Although I am using the 2h timeframe, I still TP within a 24 hour period normally, so I am not doing long-term, yet do not have to babysit my trades if I cannot do so. When I need to leave overnight positions, I put a SL at the previous day's high or low, yet never to exceed 200 pips. I look for pairs where the previous daily high/low are the least amount from my entry, so that my wins normally will exceed my losses.

I wrote a script for my charts that plot the Weekly High/Low/Close, and the Daily Close. I have no other indicator on my charts. From these, I make my decision on whether I am long or short and when I enter the trade. Although I trade off the 2h chart, I look at the Daily chart for overall candlestick direction.

I will post charts later when I get a chance. Might be after the holidays as this time of year is very hectic for me, so might not be able to visit here as much.

So far I am happy with how this is progressing for me, but only time will tell how my consistency rate will be.

Please feel free to discuss either my method or your method as you so choose. Bantering and exchanging ideas is always a wonderful thing that encourages growth and progress. I look forward to exchanging more ideas/insights/etc. with you, Jairo and anyone else.
  • #216
  • Dec 30, 2008 4:20am Dec 30, 2008 4:20am
Quoting leighsww
Hi Jairo,

(...)
I have gone and posted something, so I am sure you will read it, lol. Please do me the favor and remove your vouch for me if you have only done so because of fti's post. Vouches should be given only if one can relate to what a Trader is saying/doing and feels that their views, philosophies, etc. has merit and I feel that most were giving me the vouches because fti put it to them in such a manner that they felt obligated to do so. That is not how a vouch should be given/used.
(...)
Hi leighsww,

I am not sure if I deserve any voucher at all. But since I was surprised by receiving my first from LuSan, I began to think about people that I have directly talked to and reputed as experienced traders. Unfortunately, I couldn't vouch because I was only +1. Then came fti, MaMood and DutchAngel, 3 big surprises again. Well, all I can say is that I will always do my best to honour this confidence. And my humble judgement is: you are an expericenced trader. Success is a matter of time and persistence. And finding your own way. Fair enough?
  • #217
  • Edited 11:52am Dec 31, 2008 5:40am | Edited 11:52am
Hey, my ugly English played tricks with me again. My last statement sounded like I was not open to discuss "my" approach. There is really no secret in what I am doing. Old and simple ideas put together in a particular way. Each person is different and will arrange things differently. That's all. I am not so energetic to run a forum thread but will answer whatever question you or anybody else may ask. Keep up your great work, Leighsww. Regards.
  • #218
  • Dec 31, 2008 10:20am Dec 31, 2008 10:20am
Hi there,

greate stuff. read about your hard work, cant wait to see your signal.
plz let me know which site has your signals

thx

BB
  • #219
  • Dec 31, 2008 11:49am Dec 31, 2008 11:49am
Hi BlueBird,

It's at the free signals section of rentasignal dot com. Regards.

Quoting BlueBird
Hi there,

greate stuff. read about your hard work, cant wait to see your signal.
plz let me know which site has your signals

thx

BB
  • #220
  • Dec 31, 2008 5:36pm Dec 31, 2008 5:36pm
Quoting Jairo
Hi leighsww,

I am not sure if I deserve any voucher at all. But since I was surprised by receiving my first from LuSan, I began to think about people that I have directly talked to and reputed as experienced traders. Unfortunately, I couldn't vouch because I was only +1. Then came fti, MaMood and DutchAngel, 3 big surprises again. Well, all I can say is that I will always do my best to honour this confidence. And my humble judgement is: you are an expericenced trader. Success is a matter of time and persistence. And finding your own way. Fair...
LOL, okay, Jairo, thanks

But remember, "experience" is not enough to deem somebody worthy of a vouch. Somebody can have much experience trading the forex, yet still suck at it, lol.

Hmmm, I'm going to have to find the time to read up on everybody's posts so I can start making vouches. Yikes, you guys will have to forgive me if I take a little longer, cuz I don't have the kind of time I used to have to be active on this forum anymore.

-----------

Oops, I broke down and posted in the TAF lounge thread, lol. I couldn't help myself, cuz I didn't want mijamoto to give up on pursuing his dreams and goals. That would have been really sad. Anyway, I know fti and the others there can help him back on track with learning fti's style.

Unfortunately, I have my reasons why I'm not using fti's method anymore, so sorry to have had to abandon you guys
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