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The final Holy Grail

  • #161
  • Edited 4:32am May 6, 2010 4:07am | Edited 4:32am
I don't think it's jealousy that prompts people to come over. Fudomyo is a good friend of mine & knowing him, I doubt that there is any malice in his intentions of posting here.

But remember when you claim 100% winning strategy, it draws attention. Certainly got mine.

Anyway, here is his initial post. He did leave a disclaimer that his strategy is not open to criticism before the end of May. So that will mean, all his current trades which is in heavy drawdowns still have validity due to the disclaimer. Fair enough.
However, it will only be fairer to also put up the live account statement to prove that this method of trading is for real. At least someone who does indeed pick up the signals here know what it takes financially to trade in the manner that is shown here.
I think that is a fair request judging by how fast the thread owner decides to show his equity curve immediately after a profitable run, but had gone a bit quiet when trades are going through drawdowns.
He's not obligated to comply, but by doing so, in my mind will erase all doubts.

Good luck.

Quoting medbs
It all started when I tried to find a strategy that makes positive results every month, thereafter, I developed it for weeks with a positive result until I created a 100% winning strategy.
I know, nobody will believe me here, so do I, in the beginning; after months and months of trial on demo accounts and real accounts, i finished by believing in this strategy.
The only reason that prompted me to open this thread is to show everyone that Holy Grail does exist and all that you have to do is to open your mind.

So please: No criticizes before the...
Thank You
  • #162
  • May 6, 2010 4:11am May 6, 2010 4:11am
Quoting vilas
You are right. MM is what he lacked. With proper MM it would have succeeded. Without it, the day was a total disaster ! I thought someone more experienced, should have turn him around. But the way the thread went there was no chance - it was all confrontational !

As far as newbies are concerned, they should all be warned not to take trades of others blindly - at least to insert a SL in EVERY trade. That would have helped.

True, Eur buys were insane.......

Happy Trading !

think so too. but with believe he could have 100 % win strategy he cant win, till he believe in this he is a loser allways on longer time. Thatswhy he has no SL, because with SL no strategy are out there with no losers. You can easy buy gold allways and hold till in win, and then have this as the holy grail. never ever 1 loss till you hold it sometimes years. useless strategy, but this is what this trader offers.
An other problem is: this week till now was one of the best earning weeks for scalpers and trend traders, and then having loss is a very big strategy problem. and all this without any new fundamentals that was not out before the trades. what to say more. why investing money in this strategy if following trend has 4 times more win in this last 2 weeks then he did has (and i dont calculated the loss in this still open trades, with this loss he dont have any win)
  • #163
  • May 6, 2010 4:30am May 6, 2010 4:30am
Quoting vilas
If you can profit from it. Why should you be concerned with what others are doing ? FF does not insist that one has to swear that he is not going to commercialize his discovery.
Instead of wasting time on Google, copy his trades and make some pips.
LOL Vilas.
You're welcome!
  • #164
  • May 6, 2010 4:47am May 6, 2010 4:47am
Quoting Fudomyo
Cheers Vilas,

There are a lot of new traders out there who really want to believe in the holy grail and are easily taken in.

Someone posting their trades is fine. Posting signals and claiming a 100% success rate is a bit different.

Last week his GBP/JPY trade went 110 into drawdown for 30 pips profit. You could call this a "successful" trade. Most people wouldn't. That's 300% risk for a small scalp sized profit.

The current USD/CHF trade is 190 pips drawdown atm supposedly with no SL.

Countertrend trading, taking large drawdowns,...
I do believe in my strategy, I'm waiting for tomorrow to catch my profit and show you and your fellow (Mick..., forexLion, ...) how my strategy is profitable, and, above all, that is 100% winning rate.

I'm waiting for your 100% win rate thread
  • #165
  • May 6, 2010 4:49am May 6, 2010 4:49am
Quoting medbs
LOL Vilas.
You're welcome!
I think you will not forget the 5th of May ! What I tell you is, don't get discouraged. People who criticize you do so, to protect the newbies.
It is quite possible that the markets will turn around before end of May to bring you out of Red but placing a small SL and re-rentering positions in same direction would have avoided all the DD.

Only refinement your sytem needs is what to do on days like y'day.

Regards,
  • #166
  • May 6, 2010 5:23am May 6, 2010 5:23am
Quoting vilas
I think you will not forget the 5th of May ! What I tell you is, don't get discouraged. People who criticize you do so, to protect the newbies.
It is quite possible that the markets will turn around before end of May to bring you out of Red but placing a small SL and re-rentering positions in same direction would have avoided all the DD.

Only refinement your sytem needs is what to do on days like y'day.

Regards,
I must admit that these last trades were highly risky ones, and that, i should not take them nor post them in forums, but, regarding my past trades, I'm nearly sure that they'll come back and also, I'm sure I'll be in profit in each trade.
  • #167
  • Edited May 7, 2010 2:49am May 6, 2010 6:32am | Edited May 7, 2010 2:49am
Quoting medbs
I do believe in my strategy, I'm waiting for tomorrow to catch my profit and show you and your fellow (Mick..., forexLion, ...) how my strategy is profitable, and, above all, that is 100% winning rate.

I'm waiting for your 100% win rate thread

Wormboy brought up a good point. Posting a live trading statement and laying out basic RR would clear up some doubts and give people a better idea of the risk involved.

We all measure success differently. If you take a drawdown of 200 pips on a carry trade with a profit of 1000 pips, that's successful. Taking a drawdown of 110 pips for a trade with 30 pips profit isn't. Yet you count taking the wrong trade then waiting hours for the market to come back around to just above breakeven as a successful trade.

Eventually the markets do come back around, and every once in a while they don't. Check out this video about the 73 sugar trade.

http://video.google.com/videoplay?do...7267078611049#

I measure high profitability with minimal risk as being 100% successful, not the other way around.


Many traders including myself, are expecting a potential rally off the UK elections. That's the trade I'm interested in. But I wouldn't have gone long GU yesterday. It was right under key resistance 20 pips above your entry point and proceeded to logically bounce and drop from there right after you took the trade. The short was the trade to take when resistance was rejected. Understanding PA prevents people from taking bad trades and getting in on good ones. (btw: there's some great books I can recommend if you're interested.)


Anyway, I'm planning on posting my journal and you're welcome to visit anytime.


Good luck with your trades.



.
  • #168
  • May 6, 2010 8:05am May 6, 2010 8:05am
Fudomyo,

I agree with you, that success is low risk and high profit not the other way around. Real account statements are useful to show people if you are following the strategy yourself. When somebody says 100% it reminds me of forexambush as they had nearly 100% wins if you consider up to ten times or more drawdown than profit, until that one day came where it had a loss.


P.S. Mods please moderate faster as my posts get to forum 1 day or more later.
  • #169
  • May 6, 2010 10:00am May 6, 2010 10:00am
Hi Fudomyo,

You write : "there's some great books I can recommend if you're interested. we're all here to help each other"

I have gone thru' at least a hundred but I sm interested. I am interested. I am interested and shall thank you to list them. Thanks.

Off to observe the mkts. Regards.


Quoting Fudomyo
Wormboy brought up a good point. Posting a live trading statement and laying out basic RR would clear up some doubts and give people a better idea of the risk involved.

We all measure success differently. If you take a drawdown of 200 pips on a carry trade with a profit of 1000 pips, that's successful. Taking a drawdown of 110 pips for a trade with 30 pips profit isn't. Yet you count taking the wrong trade then waiting hours for the market to come back around to just above break even as a successful trade.

Eventually the markets do come back...
  • #170
  • Edited 1:50pm May 6, 2010 1:19pm | Edited 1:50pm
hmm, after now over 1300 pips in loss (200 pips would be more if not CHF would be positiv situation for you, but thats more luck then trading because he did no sell trade today) in all trades together the real max drawdown of this experiment with no future is maybe 2000 pips at least.

thats really funny that a person who gets tips where price trend in last and who is seeing all chart and indikator formations is holding in his wrong trading signals. Its beginner mistake number 1 and this i did not know that medbs is total beginner in trading.

At same time other people win over 3000 pips in this week in normal trend trading in main currencies , why anyone should invest in a strategy that will kill a account. On week before you got maybe with 600 pips some normal results, but even this with same loss like now and this 600 pips was also only normal win like trend trading in this week. so your disaster is very easy to see and only part of time.

All people that say wait a little bit (then trades will come ok) or thats the trades are good are really very bad for new traders who copy some of this trades and dont know basics too.

That you dont show your statement anymore is ok, your account is busted to margincall, so you cant do any more.

ALL WHAT PEOPLE DID SAY YOU SINCE 2 DAYS KILLED YOUR STRATEGY VERY FAST AND WAS A VERY BIG CHANCE THAT THIS WILL HAPPEN AND YOU DID SEE NOTHING!

(Zitat von medbs: "I must admit that these last trades were highly risky ones, and that, i should not take them nor post them in forums, but, regarding my past trades, I'm nearly sure that they'll come back and also, I'm sure I'll be in profit in each trade.")
Dont say anytime your trades are risky and normal you would not do. You can do 2 things: doing a trade or dont do. if you do a trade you find situation not to risky and trading chance is very good, if you dont do trade this is not the fact. This sentence is showing you have no plan what your are doing and trying to say was only risky trade you did not want to do (dont lie to yourself at least at the end). If trade was to risky your strategy is very very big mistake. Try really in demoaccount for next year to learn the moneymanagement basics and trend reading at minimium in basics.


Edit: now the loss is by 1700 pip loss. MEDBS will never post again his statement. his account had margin call busting if he dont fake the account with wrong results. But that was suspect from beginning. if he was good trader he did open metatrader demo or other to show people account and has less work and much more transparency. ALL he did have on the end now is showing he was fastest trader ever that busted a account with wrong strategy. A good example of how to never ever trade.
  • #171
  • May 6, 2010 3:13pm May 6, 2010 3:13pm
Quoting medbs
I'm waiting for your 100% win rate thread
I don't have a thread yet, so I posted my most recent trades on the GY news thread, you can check the entries and exits there.

840 pips NY session.
  • #172
  • May 6, 2010 3:14pm May 6, 2010 3:14pm
Quoting vilas
Hi Fudomyo,

You write : "there's some great books I can recommend if you're interested. we're all here to help each other"

I have gone thru' at least a hundred but I sm interested. I am interested. I am interested and shall thank you to list them. Thanks.

Off to observe the mkts. Regards.
hi vilas,

I'll put together a list this weekend for you.
  • #173
  • May 6, 2010 3:21pm May 6, 2010 3:21pm
Quoting Fudomyo
I don't have a thread yet, so I posted my most recent trades on the GY news thread, you can check the entries and exits there.

840 pips NY session.
good trades. near optimum with normal trend trading like you did. we have so little bit same trades, maybe you have a chance in trading a month and comparing results. if you start thread or demoaccount i join and open same time my account to compare. Would be interesting for me to see if you have near same entry and exists then. but normally then you should have 500-5000 pips per week (in 4 currencies traded) at the moment with this strategy and then will be fun to see who is with bether drawdown and win on the end.
  • #174
  • Edited May 7, 2010 2:47am May 6, 2010 3:35pm | Edited May 7, 2010 2:47am
Quoting MoleculeDuka
good trades. near optimum with normal trend trading like you did. we have so little bit same trades, maybe you have a chance in trading a month and comparing results. if you start thread or demoaccount i join and open same time my account to compare. Would be interesting for me to see if you have near same entry and exists then. but normally then you should have 500-5000 pips per week (in 4 currencies traded) at the moment with this strategy and then will be fun to see who is with bether drawdown and win on the end.
hi MoleculeDuka,

My interest is in doing well in the markets. It isn't important to me to prove I'm a better trader than someone else, just to make a good living and enjoy my work. So, if I post live trades, I'd prefer it not to be a competition with someone else individually. We have a big market to fight, that's a hard enough job without adding more pressure for yourself.

Cheers
  • #175
  • May 6, 2010 4:02pm May 6, 2010 4:02pm
Quoting Fudomyo
hi MoleculeDuka,

My interest is in doing well in the markets and helping other traders, It isn't important to me to prove I'm a better trader than someone else, just to make a good living and enjoy my work. So, if I post live trades, I'd prefer it not to be a competition with someone else individually. We have a big market to fight. That's a hard enough job without adding more pressure for yourself.

Cheers
thatswhy! best help is other showing trades and speaking about it. maybe i can also learn some from you or you from me. Was only asking you because you seems that you have maybe a bether chance in positive trading result then other, so bether to compare with one who has some basic knowledge so we are at the same level. Dont want to teach only. But you dont need to attend, was only a offer if you like to. On the end you learn more then other way in most cases if you only trade till now for some living money.
  • #176
  • May 6, 2010 9:33pm May 6, 2010 9:33pm
I don't even try to seriously sweat trading anymore although I do have a couple mini practice accounts I play with. I simply leave the real trading up to an ea I made. Last week it did really well and this week it ingeniously stood aside. I love that thing
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #177
  • May 7, 2010 12:46am May 7, 2010 12:46am
Quoting TraderJoe
I don't even try to seriously sweat trading anymore although I do have a couple mini practice accounts I play with. I simply leave the real trading up to an ea I made. Last week it did really well and this week it ingeniously stood aside. I love that thing
but most experts have often much less sucess then real trading. If it is trend trading expert then last 2 weeks (this week ofcourse a super good week) was very easy trading weeks and so very high wins for your expert.

thatswhy so funny that a 100% win strategy burns a account to margin call in a week with extrem good and easy trading conditions :-).
  • #178
  • May 7, 2010 1:29am May 7, 2010 1:29am
Oh boy....more wonders of the retail trading world... !!

After my retirement I decided to hang around retail traders ( since I became one of them I guess) and let me tell you that what goes around this "world" is just unbelievable !!

I thought that "master tater" was the funniest thread so far on FF but this one here is a serious contender to replace it at the first most entertaining thread ever started.

Oh buy......all those years trading and I could never conceive that there was a underworld of trading so full of creative entertainment.

Keep it coming guys.....money can't pay for this kind of thing!!
  • #179
  • May 7, 2010 2:10am May 7, 2010 2:10am
absolutely true. This one is a ranging expert. So when a trend comes in if its already in a trade then it will take a stoploss otherwise it will wait till ranging begins again. During trending it will not trade. It has about an 8 out of 10 win ratio as an average so far. Needless to say, it's been a quiet week on the ea so far

Quoting MoleculeDuka
but most experts have often much less sucess then real trading. If it is trend trading expert then last 2 weeks (this week ofcourse a super good week) was very easy trading weeks and so very high wins for your expert.

thatswhy so funny that a 100% win strategy burns a account to margin call in a week with extrem good and easy trading conditions :-).
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #180
  • May 7, 2010 2:12am May 7, 2010 2:12am
yea... trading would be so boring if there weren't people like us in it ehy?

Quoting Platypus
Oh boy....more wonders of the retail trading world... !!

After my retirement I decided to hang around retail traders ( since I became one of them I guess) and let me tell you that what goes around this "world" is just unbelievable !!

I thought that "master tater" was the funniest thread so far on FF but this one here is a serious contender to replace it at the first most entertaining thread ever started.

Oh buy......all those years trading and I could never conceive that there was a underworld of trading so full of [b]creative...
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
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