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4H Box Breakout

  • #4,821
  • Edited 4:45pm Oct 10, 2009 4:33pm | Edited 4:45pm
Quoting Gazmanfx
Making money in forex is easy! But the people making indicators and the people running forums and the people selling books and courses and the brokers are all there to make you believe it's hard and take your money.

Why else would you be sitting there buying this crap about the magical powers of the first 4HR bar of the week. Because you are educated to be a sucker and that's exactly what you are.

To make money in forex the first thing you need to do is pull your head out of the sand and listen to logic and stop spreading your ignorance like an...
Ok, now your just asking for it...

We know who you are, your a Forex Trader Wanna be who's lost everything, had his wife divorce your because you lost everything in forex, and HAVE NOT MADE A DIME!!! (This is a quote from a post YOU made)

We know what your pulling here, and I'm personally no longer feeling sorry for you, I'm now feeling like you should lose everything, everything should be stripped from you and thrown away to serve a much better purpose collecting dirt and decaying.

You just spit in everyone face here, and now it's best you leave. you are heavily outnumbered by those you call "losers" and from this day forth will get flamed more than the homo ur wife left you for (bet that hurt huh)...

The truth is, you put your last $100 into forex after reviewing this system, and doing minimal backtests, even tho it's been stated countless times to trade live at your own risk. You started somewhere around the ranging period I'm assuming, and you're "Years of experience" for some reason never showed you the big picture, which was the Super S&R that we've been pulled into. Thus you lost the entire amount trading huge lots and ignoring any true money management rules.

The way I see it bud.. YOUR at fault here, not anybody here, nobody's putting a gun to your head and making you trade this system... quite putting your own problems onto other people and learn to just accept it... you're a screw up...
  • #4,822
  • Oct 10, 2009 4:54pm Oct 10, 2009 4:54pm
Quoting Pharoah
Yup, I agree that I have, but my system is also now very different than this one, But, with my modification I've drastically improved the ROI, so it's not for nothing.

Congrats on improving the original system to be profitable in times when the original system lost, without adding any complexities, but I think you'll find over the next little while that you'll need to include some complexities in order to maintain profitability over the long run.

If not, good on ya. I just think KISS systems tend to turn around a bite you in the ass, hard. And...
Pharoah, why argue?
In beta testing we can discuss rules. set different versions in EA and back test them. I think some of the guys in your thread know how to program EA. I think these arguments take too much valuable time and I am not on vacation anymore we gotta work like a team to make things work.
if set can make money in September/ October conditions and especially 2002 / 2005 conditions what else do we need?
also, i do not mean to trade only this system, but it is always good to have few tools working 100%.
what would you say?
  • #4,823
  • Oct 10, 2009 4:57pm Oct 10, 2009 4:57pm
I have to agree with Gaz about magical powers of 4H
But the point is we need some point of reference to bring some order.
Let's keep our mind opened.
  • #4,824
  • Oct 10, 2009 5:02pm Oct 10, 2009 5:02pm
Quoting Pharoah
Ok, now your just asking for it...

We know who you are, your a Forex Trader Wanna be who's lost everything, had his wife divorce your because you lost everything in forex, and HAVE NOT MADE A DIME!!! (This is a quote from a post YOU made)

We know what your pulling here, and I'm personally no longer feeling sorry for you, I'm now feeling like you should lose everything, everything should be stripped from you and thrown away to serve a much better purpose collecting dirt and decaying.

You just spit in everyone face here, and now it's best you leave....

Gas is too bitter for successful trader. But he made good point, the magic is not in 4H candle.
  • #4,825
  • Oct 10, 2009 5:04pm Oct 10, 2009 5:04pm
Quoting shiko
Pharoah, why argue?
In beta testing we can discuss rules. set different versions in EA and back test them. I think some of the guys in your thread know how to program EA. I think these arguments take too much valuable time and I am not on vacation anymore we gotta work like a team to make things work.
if set can make money in September/ October conditions and especially 2002 / 2005 conditions what else do we need?
also, i do not mean to trade only this system, but it is always good to have few tools working 100%.
what would you say?
Ya, I wouldn't consider that one an argument, I more or less was just thinking out loud. I'm actually interested what you did that shows profit over the last few weeks without employing anything of mine.
  • #4,826
  • Oct 10, 2009 5:05pm Oct 10, 2009 5:05pm
Quoting shiko
Gas is too bitter for successful trader. But he made good point, the magic is not in 4H candle.
I know, this is why I've branched off of the original 4H breakout method, I'm using it simply as a point of reference, and nothing more at this point.

This does not excuse the fact that he shows absolutely no signs whatsoever of respect, and appears to know no other means of interaction than insults, so as far as I'm concerned, he can piss in the wind.
  • #4,827
  • Oct 10, 2009 5:07pm Oct 10, 2009 5:07pm
Quoting Gazmanfx
And before you ask. Yes I use such a system

If any of you know The Rumpled One he made a good point which is worth while listening to.
2 points occur to me here; firstly, if you seriously think that you are the first person to have discovered the Martingale system (more commonly known as The Gambler's Fallacy), you're even more rabid in your delusions than you are in your writing; secondly, I'm sure I've read of The Rumpled One before on FF and from memory he operates through a network of thread infiltrators who effectively operate as third party referrers. Usually they have a degree of subtlety, so you have obviously failed to get to first base. In fact, this may be why your wife left you; simple frustration does that to a woman.

Thirdly, I like the Spanish Inquisition sketch.

Bal
The dream will never die
  • #4,828
  • Oct 10, 2009 5:09pm Oct 10, 2009 5:09pm
Quoting Pharoah
I know, this is why I've branched off of the original 4H breakout method, I'm using it simply as a point of reference, and nothing more at this point.

Exactly. I think we can discuss and test everything in your beta testing site with only contributing guys knowing everything in the end to avoid another EBay version being offered to public. This system require some discretion.
the best of course is to set EA to back test it for longer periods. I have no idea how EA works.
  • #4,829
  • Oct 10, 2009 5:12pm Oct 10, 2009 5:12pm
Quoting shiko
Exactly. I think we can discuss and test everything in your beta testing site with only contributing guys knowing everything in the end to avoid another EBay version being offered to public. This system require some discretion.
the best of course is to set EA to back test it for longer periods. I have no idea how EA works.
That's why there is a section dedicated to the further development to this system. Because my system has branched so far off of this one, that's it's it's own system now.
  • #4,830
  • Oct 10, 2009 5:13pm Oct 10, 2009 5:13pm
Quoting Pharoah
he can piss into the wind.
Pharoah, I was always told that was a sure way to get your own back.

Bal
The dream will never die
  • #4,831
  • Oct 10, 2009 5:17pm Oct 10, 2009 5:17pm
Quoting Brotyboy
Pharoah, I was always told that was a sure way to get your own back.

Bal
to get your own back? not sure I follow. I was referring to pissing against the wind, thus showering in your own filth.
  • #4,832
  • Oct 10, 2009 5:28pm Oct 10, 2009 5:28pm
Quoting Pharoah
That's why there is a section dedicated to the further development to this system. Because my system has branched so far off of this one, that's it's it's own system now.

Ok, it is a long weekend here, so I propose to start working on things since next week.
There is no EMAs no indicators. is that difficult and takes much time to set rules into EA to back test it?
I will check few months for 2002 and 2005 and probably retest September October again.
The most important part is trade management.
  • #4,833
  • Oct 10, 2009 5:31pm Oct 10, 2009 5:31pm
Money man I can see you are new here and perhaps not eefected by all the misinformation as yet. I will PM you the system on the one condition you don't share it with anyone else.

Peace
Gaz
  • #4,834
  • Oct 10, 2009 5:34pm Oct 10, 2009 5:34pm
Quoting Gazmanfx
It's very sad that you have to use attack people personally because your system stinks. I did get divorced and I did lose all of my account based on the misinformation I learnt from all the losers on forums like these. It's only when I went and did a real course that I learned the forex is all about money management. I now trade for a living inspite of all the bulldust I found on forums like this and crap that spews from mouths like yours.

You are just as ignorant as the rest of them with your variation on the holy 4hr bar. Using ma as a stop?...
First off, I never tell anyone to trade any system live without testing themselves... second, I state very clearly that my system is a WIP (Work in progress) and I'm VERY Familiar with money management. I have been in the retail industry for over 15 years.

3rd... you came here not that long ago, complaining about losing everything... then you miraculously took this course that took you a month or 2 to complete, and your speaking as tho you are a guru... get over yourself...

And last but not least, At least what I'm doing has shown positive results when originally there was none... all your doing is pissing people off...
  • #4,835
  • Oct 10, 2009 5:36pm Oct 10, 2009 5:36pm
Quoting Gazmanfx
It's very sad that you have to use attack people personally because your system stinks. I did get divorced and I did lose all of my account based on the misinformation I learnt from all the losers on forums like these. It's only when I went and did a real course that I learned the forex is all about money management. I now trade for a living inspite of all the bulldust I found on forums like this and crap that spews from mouths like yours.

You are just as ignorant as the rest of them with your variation on the holy 4hr bar. Using ma as a stop?...
I did not have to pay a cent to know that money management and risk control is a key. I learned everything myself and very quickly.
I started trading my first live account last October and I have never had margin call. My only big DD of 60% happened on $100 account and since then I have never had more than 4% DD. Neither with my money nor with OPM. you are too bitter. No one is selling anything here and this system does not stink. it has sense. if you have learned money management as you state you should know by know that you can blow account with even the most successful system.
it is hard to make money with such an attitude.
  • #4,836
  • Oct 10, 2009 5:44pm Oct 10, 2009 5:44pm
WOOW any one got Mark Burnett's phone number this would make a great reality TV show

Anyway the proof is in the Live account if you have a great system that makes money, good for you

If you don't want to share it


PISS OFF
I do Good I feel GoodI do Bad I feel Bad
  • #4,837
  • Oct 10, 2009 5:46pm Oct 10, 2009 5:46pm
Quoting Gazmanfx
You are just as ignorant as the rest of them with your variation on the holy 4hr bar. Using ma as a stop? You give a few measly examples and suck in a whole bunch of newbies? You are a creep mate! Don't know how you sleep at night. If you weren't such a fool you would know that your silly idea will take back all of your profits in the future. That's what MA's do!

And just one other question to add here... IF MA's are sooooooooo murderous on ones account, why is one of the most successful systems based on MA's?? by this I mean Ichimoku, it is nothing more than shifted MA's that work in conjunction with eachother...

I think you need to go back to this "course" you claim to have taken to give you such a wonderful insight on forex and ask them the fundamentals bud...
  • #4,838
  • Oct 10, 2009 7:22pm Oct 10, 2009 7:22pm
Quoting Billyjoe
I think that you, as other, would be very interested on new Ace's system, why ?
Why is simple, because it would give you a huge R/R such as 1:10/20 even 30, right ? Because everyone here know how it would be very profitable, right ?
It means that for a R/R 1:10 we can loose 9/10 and still be in profit, right ? So what if it is 1:20 or 1:30 ?
This is the perfect set up because even newbie could not loose money (or almost), right ? So why spend the time to found a new BO ? This thread have to focus only in one thing (weekly target, BO) the stop...
Billyjoe,
I noticed you go on and on about increasing R/R and lowering the stop loss.........there`s nothing wrong with that, but several people like Yen already made an attempt to lower the SL to 40-50 pips and that will increase the R/R.
So why dont you go and do some backtesting to see which SL is the best for this system?

And to have a enormously high R/R is very well, but how are you going to capture that?
  • #4,839
  • Oct 10, 2009 8:31pm Oct 10, 2009 8:31pm
Quoting Pharoah
And just one other question to add here... IF MA's are sooooooooo murderous on ones account, why is one of the most successful systems based on MA's?? by this I mean Ichimoku, it is nothing more than shifted MA's that work in conjunction with eachother...

I think you need to go back to this "course" you claim to have taken to give you such a wonderful insight on forex and ask them the fundamentals bud...

Pharoah, it suddenly came to me that we test it as if we trade 24 hours a day. It is not possible. I personally happen to sleep between 7:00-8:00 ok, the latest 9:00 p.m. EST and 2:00-2:30 a.m. EST. I can trade the start of Japan, then I trade London and New York. When back testing only hours we usually trade should be back tested and other hours price action must be ignored. also, it is not a good idea to open positions in times when market is not active like between hours or even New York session after London is closed or at least after guys go on lunch.
I think it is important to use it in back testing.
  • #4,840
  • Oct 10, 2009 8:55pm Oct 10, 2009 8:55pm
Quoting Gazmanfx
I now trade for a living inspite of all the bulldust I found on forums like this and crap that spews from mouths like yours. You are just as ignorant as the rest of them with your variation on the holy 4hr bar. You are a creep mate! If you weren't such a fool you would know that your silly idea will take back all of your profits in the future. Your system stinks and so do you. You seserve what you get creep! Slime ball!
Since you're somewhat new to FF, I thought I'd take you on a tour of some of FF's rules . . . let's start with Rule #1.

While you're reviewing that rule, I've taken the liberty of reporting you to the site administrator. Best wishes.

Rule #1: Respect Thy Fellow Trader http://cdn.forexfactory.com/images/misc/ug_link.gif

As a Forex Factory member, you are expected to treat others with respect and kindness. Mean-spiritedness, fighting, hostility, racism, offensive comments, and slander are all subject to removal. Healthy debate is welcome.

Additionally, all members have the right to trade in peace - you should not harass, attack, or disrupt another trader's thread. If you dislike or disagree with someone's ideas, it's fine to say so, but you should move on shortly thereafter.
Greetings from Guanajuato, Mexico
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