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Winners And Losers Trading System

Additionally - this is where it is important to gage the difference between "C" and "D" according to the pair you are trading.
Quoting megaleads
This is an excellent idea - what i don't know is how to track the currency in an EA without opening a position or a pending order - is this a difficult function?

It would save on the spread on one set of trades. Great Observation!
thx, i think it wouldn't be too complicated...

at some point of time, let x be the current price

if price >= x+B then
_high = x+B
_send a sell order at high-C

and repeat the following procedure:

if price > high then
_high = current price
_modify the previous sell order to be at high (this is new high) - C

same routine if price falls below x-B...
Hold your horses. Backtests under 90% should be taken lightly. Even a 90% backtest on a scalping system is unreliable.

I recommend PMing Ssvirk and asking him to do a 99% backtest. He has tick data.

Quoting megaleads
SWEET! Started out with $10K and ended up with over $210K
Quoting tdion
Hold your horses. Backtests under 90% should be taken lightly. Even a 90% backtest on a scalping system is unreliable.

I recommend PMing Ssvirk and asking him to do a 99% backtest. He has tick data.
Yes absloutly, watch this. I will write an EA in about 10 minutes that will go from $1,000 to ( lets say how about 20 million) be back in a few with the equity curve... LOL

Edit:
The point is MT4 backtesting sucks, and can easily be fooled... be right back.
Attached Image
Here is the actual run. LOL

So don't get to excited about backtests...

Oh yea one other thing, I am the worlds worst MT4 programmer. So if I can do this anyone can...
Attached File
File Type: zip bogus.zip   13 KB | 360 downloads
Quoting megaleads
Most Unusual....
And, on my laptop, it did exactly what it did on your backtest. I got the same graph as in your post #59.

What computer are you running?

My laptop is a Dell inspiron 1300 w/ Intel celeron and windows XP.

Desktop is dell w/pentium 4 and XP.
Ssvirk....
$10k to $1.8 mil in 4 months.

But forward results have matched backtest results. Makes about $62 mil in a 1 year backtest.
Attached Image
Quoting aegis
$10k to $1.8 mil in 4 months.

But forward results have matched backtest results. Makes about $62 mil in a 1 year backtest.
You've got our attention. What next?
Live trade calls.

Quoting blueruby
You've got our attention. What next?
Maybe this has been answere before, but I'm still having a difficulty understanding this system. The way you make money in my understanding is from a retracement after a move. So why not just forget about the hedge and trade the retracement only? Another thing is why do you have target profits? By the looks of it the only way this system will make money if you correctly find the start of the retracement (or pick the top/bottom in other words), therefore discretion is necessary. For example, you open a hedge and the price moves a 1000 pips in one direction, you wait for the end of this move, close the trade in profit, and the retracement begins, which is where you make money. Once the retracement has ended (you need discretion here as well), you close the losing position and keep the pips from the retracement, and start over. So as opposed to have a predefined take profit, you would need to use discretion in order to pinpoint the beginning and end of the retracement. Am I making any sense?
Quoting blueruby
And, on my laptop, it did exactly what it did on your backtest. I got the same graph as in your post #59.

What computer are you running?
I'm also running on a laptop - Toshiba Satelite M45 series... Running Windows XP
Quoting zawodowiec
Another thing is why do you have target profits?
Target profits only ensures that there has been enough of a move to warrant a retracement... small moves usually do not retrace predictably.
Quoting megaleads
Target profits only ensures that there has been enough of a move to warrant a retracement... small moves usually do not retrace predictably.
So how exactly do target profits help you gauge when the move ends and the retracement begins? This is why discretion, instead of target profits should be used with this method, because only using discretionary methods you can get a rough idea when the move is oversold/bought, where the resistance/support levels, fibs, and other things like that are.
hey how about using the current ATR value to determine profit targets and stop loss settings.

maybe a percentage... like 30% of daily ATR or something...

what you think?
Quoting zawodowiec
So how exactly do target profits help you gauge when the move ends and the retracement begins?
Target profits do not help to gage when the move ends... Trailing stop losses do.


Quoting zawodowiec
you can get a rough idea when the move is oversold/bought, where the resistance/support levels, fibs, and other things like that are.
Support and resistance levels rarely show up in small moves like this tool can catch. I hope that this tool can take advantage of much smaller moves above support and below resistance.
Quoting HAGeek
hey how about using the current ATR value to determine profit targets and stop loss settings.

maybe a percentage... like 30% of daily ATR or something...

what you think?
Sounds like a good idea as any...
Quoting Mr. Roboto
Could somebody post the EA in .mq4 format?
Yes that would be nice. At least then we can see if some mods are needed to improve. Otherwise I too will be coding from scratch. What's up with posting just the ex4 file anyways?
The market is like the matrix - it is you that must learn to bend
Quoting GridTrader
Yes that would be nice. At least then we can see if some mods are needed to improve. Otherwise I too will be coding from scratch. What's up with posting just the ex4 file anyways?
I have always posted code before. But, so many people are not doing so because they've been burned by some ebay thief, that's one reason.

Not everyone knows about forex factory, and are reportedly paying for things they can get for free. Things that most likely won't work for them.

The other is that someone posted that it would be very easy to code, so after I spent a couple hours getting it all right, I figured "fine, if it's so easy, let him do it himself." He's since PM'd me and I sent him the code, and he also deleted that message -- probably didn't mean any offense.

yes...i wait for EA

To The Sea My Friend....oh we already on the sea!!!!
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