Lets build a system from the ground up..eur/usd

No "temper", no angst, no criticism, no ridicule, no "not nice", no nothing except a simple observation that had more to do with two people other than "yourself"... But again, your thread, your journey...

Apologies for the intrusion and really do hope it all works out for you.

Hey Ak4x, no harm no fowl....its no big deal....beleive me, anything you guys would be willing to teach i'd be willing to learn....and work hard at it....am not looking for any free meals here...

am all about give a man a fish and you've fed him for a day, teach him to fish and you've fed him for his life time....

if any of you senior members want to jump in here which I am aware is way way below your knowledge and try to aid in helping us learn to fish...you are all very welcome here....and am sure that these analysis may seem ridicoulos to you because you are all way beyond this...

but try and remember when you were here (in our position) and looking for some guidance...

if you want to help in teaching me to fish...dont catch the fish for me....but atleast let me know, hey, your going to need a fishing rod.....dont just let me splash around the water like and idiot trying to catch one with my hands....

while you sit back and tell me , thats not how you do it idiot....as you point and laugh

Once again, no harm no fowl..its no big deal, if either one of you guys ever want to drop by here and at the very least say , "hey, you guys are barking up the wrong tree"....by all means feel free to do so....I beleive constructive critisism is essential and crucial in this and I not only welcome it I encourge it...

Closed manually....plus 26 pips....

What the heck , where on demo and were learning right? opened short at

1.2575

target:1.2549

about 26 pips

Where up for the week even if we lose these 17 pips we'd still be up ...and have a shot at an extra 26,,,,

guess will find out in the morning....goodnight all...

Many make the mistake of not taking a demo seroiusly - if that is your choice then you should open a live acct ASAP - The first thing you shoudl strive to learn is:
This isn't some great big interactive internet game.

i was in your shoes 3 years ago..... struggling to find something that would work.... i have been at it for 4 years

i don't see you defining a set of rules yet.... mainly just discretionary entries.... maybe you'll write down your ideas.

if you have an idea, you need to code it and backtest it as far back as you can with 1 minute data. you can't prove a system will work, but you can show systems (entry criteria) that fail with backtests.

it only makes sense, and was a key part of me making my system.

i am attaching my backtest from 2001 to the present. it is 21,000 pips after spreads are removed. that doesn't mean it will keep working, but it is as good as i can come up with.

the key is to mix and match strategies. i have several different strategies based on several different timeframes. if one starts losing, hopefully the others will cover the losses.

oh, and don't forget to use tight stops (well, do what you want to do. that is my way, anyway) there is a string of 14 losers in a row on this graph.... but tight stops keep the account from being torpedoed.

PS) i know the modeling quality says 25%, but i have over 1 million minutes of m1 data in the history center.... it is a flaw in MT4.

one more thing (if you don't mind)

i see in post 1 you want to "conquer the market.."

that is not my attitude at all! i believe the market is competely in control at all times, and we are simply playing into its hands, for better or worse.

"conquering it" makes it sound like you are in control. it is far too big for that.

Mrgreen, I do have a real money live account open...out of all of the trades that i've mentioned on here only two were taken on that account...

Just the two I felt the most comfortable with and felt comfortable about the set up....in this case they happend to both hit there targets (not always the case of course)

I duplicate every trade I take on my demo and live ...sometimes i close my live account is profit and let it ride in demo to see if that would have been the correct decision....

I preserve and take care of that small live account like it were my child....in this particular case I did not feel I understood what was going on in the market so I took it on my demo account to not risk anything on my live account....

and it worked out as this trade lost 18 pips for me....

there is no way I could ever treat a demo like i treat my live account.....my live account is my real money...and demo is just that , a demo , its fake....I try to make all my mistakes (not always the case) on my demo account ....in order to preserve my precious micro account while I learn.....

This is how I choose to do it...may not be for everyone , but it works for me....

However, thanks for your input and your insight ...

Actually tdion, I do mind...you know, If we spent more time disecting our trade decisions and way of looking at the market as we do critisizing our choice of words...and bickering like prepubesent school girls this forums might actually serve its purpose...

Its obvious this is the wrong place for that....you know what, am sorry if the word conquer offends you...I assure you my lack of forum nettiquette will not offend anyone else any further...as this will definetly be my last post on here....

In my opinion this is a total waste of time....so many people quick to come in here and deviate from the original idea of this its ridiculous...not one person has said , hey am long now , heres my chart...am long because yada yada yada...do you guys agree or disagree....

Nothing but , you must do this and you must do that...and your choice of words our incorrect.....its emotionally draining and a total waste of time...

How many of these post have i already have to put up...this has totally deviated from what i would have liked for it to be.....

If becoming a succesful trader means I have to adopt the same great and mighty attitude shared by others on here...then hey , maybe its a blessing am not a succesful trader.....

So with that said, I now truly do bow out and my sincierest apoligies...if My choice of words, my paragraph selection, my demo account, the fact that I were flip flops and choose to drink and smoke on the weekends offended anyone...

I assure you I will no longer be the relative that embarreses you at parties anymore...I leave this forum to you ....the professionals....the all mighty, the elite, the few , the proud....my hats off to you all....maybe i'll go become a bee keeper instead...

over and out...(for good)

good ridence

This has turned out to be one of the more bizzzzarrrre threads on the Factory. Talk about wrapped too tight for this biz... but it reminds me of a few others who have Come... and Gone over the last year.

Always good to know who might be on the other side of a trade tho...

Still.. a little creepy.

Oh Yeah... Oh Yeay... Well MY DAD Killed The Market and he...

We all have dreams. Some Past & Some Future.
Never saw myself hovering in the sky, looking like a shadow, bolt drawn and centered on a Fellow Forex Trader...

I apologise if any part of your descision was inspired by me.

{actually reminds of the "Battle" I had with Diall when I first got here. Glad he didnt push me away.
What would you say Charles? I know you are still in the wings.}

That's exactly what tdion was trying to convey... and an important lesson (not a grammar lesson anyway) to reflect upon, IMO.

Too bad you're gone? but the Market's mighty hands will reach you (and teach you) sooner or later.

Peace, and good luck to you.

Anybody still using this system?