I really suck at trading.
NG...how about develop an EA?
NG...how about develop an EA?
I really suck at trading.
NG...how about develop an EA?
Maybe you just tired today... Dont push it. You should have fun everytime you go trading. If you are too tired, why pushing it?
Here is UJ M5, and how I used to analize a pairs.
You just have to see this kind of pattern more to become a good trader.
I am not good in UJ so I can not tell antyhing...
EA is a good idea but trust me on this.... nothing can beat human mind and perception with a proper training. Go easy and have fun in process, it takes time.
No... Big No.... You are a good trader! You just not there yet...
Maybe you just tired today... Dont push it. You should have fun everytime you go trading. If you are too tired, why pushing it?
Here is UJ M5, and how I used to analize a pairs.
You just have to see this kind of pattern more to become a good trader.
I am not good in UJ so I can not tell antyhing...
Attachment
EA is a good idea but trust me on this.... nothing can beat human mind and perception with a proper training. Go easy and have fun in process, it takes...
NG...how come i couldn't do that...
on UJ looks like S3 is becoming new R level...climbed above S3 once, went below, trying to climb again...will wait and see...if climb is lower this time, then maybe drop coming.
NG...how come i couldn't do that...
on UJ looks like S3 is becoming new R level...climbed above S3 once, went below, trying to climb again...will wait and see...if climb is lower this time, then maybe drop coming.
OMG I was right...second climb only made it to S3 level and not above...then dropped 20 pips fast.
- #227
- Jun 29, 2010 9:03am Jun 29, 2010 9:03am
No... Big No.... nothing can beat human mind and perception with a proper training. Go easy and have fun in process, it takes time.
I agree with this 100 percent !!!!! EA's are great for testing of approximately how successfull a trading method COULD be. They are great in the development process of a Method because you can use the visual tester to see where you would have made trades and what would have happened.
One reason I write EA's and Indicators is to better understand a method (there is nothing like coding to fully understand the entry and exit rules).
NOTHING is a replacement to consistancy. Watch the how the pair reacts to round numbers, watch how bottoms and tops are formed for that pair. Use the strategy tester in visual mode to help you watch a replay of the market, this can help speed up the process but do not miss the "LIVE" sessions. Search for the LFH Trading Simulator code, with this you can use the Strategy Tester built in with MT4 to replay the market and manually place trades.
The bigest clue to success is consistency. I have used the same basic system for 3 years now. It is boring, but it works for me. In order to beat the Boredom I read the threads, write code for indicators and EA's (for others) and try new startegies in micro acounts (but always after I have made my trades in my main system).
Over time you will get a feel for the currency pair you are trading. Along the way you will little tidbits about trading that fit your style and mentality.
Have you ever listened to an analysis or watched "over the shoulder" of a successful trader? Usually there systems are not purely mechanical. It looks like they can see the future sometimes. These traders have gotten the flow of the currecny pair they trade. Of course there is a lot more to becoming a solid trader. A Method that fits you, solid money management, a good mental attitude (very improtant), and experience. For most of us, the more you trade and read and learn the better you can become.
Sorry for the rant ...
Mark
EllisEdi Moving on to my next trade ...
I agree with this 100 percent !!!!! EA's are great for testing of approximately how successfull a trading method COULD be. They are great in the development process of a Method because you can use the visual tester to see where you would have made trades and what would have happened.
One reason I write EA's and Indicators is to better understand a method (there is nothing like coding to fully understand the entry and exit rules).
NOTHING is a replacement to consistancy. Watch the how the pair reacts to round numbers, watch how...
EE:
your rant is good advice...thanks
OMG I was right...second climb only made it to S3 level and not above...then dropped 20 pips fast.
Then try demo trade on it with 1:2 or at least 1:1.5 R/R. Like SL 10 and TP 20 or evenmore. That way you will still make money even when you only right less than 50%.
How bout that?
I agree with this 100 percent !!!!! EA's are great for testing of approximately how successfull a trading method COULD be. They are great in the development process of a Method because you can use the visual tester to see where you would have made trades and what would have happened.
One reason I write EA's and Indicators is to better understand a method (there is nothing like coding to fully understand the entry and exit rules).
NOTHING is a replacement to consistancy. Watch the how the pair reacts to round numbers, watch how...
I tried to PM you but looks like option turned off...your boring strategy you use...is it Renko bars? (I went through your threads).
thanks
jacob
That's an ACE my friend... Mark the time..... UJ usually range just befor NY... Now train to rich yourself up with combination and the hidden ones!
Then try demo trade on it with 1:2 or at least 1:1.5 R/R. Like SL 10 and TP 20 or evenmore. That way you will still make money even when you only right less than 50%.
How bout that?
marked the time down...good point.
time was 8:30 est
UJ went down another 20...so 40 pips total after stumping climb at S3
just learning now...no trading yet
- #232
- Edited 10:18am Jun 29, 2010 10:07am | Edited 10:18am
I tried to PM you but looks like option turned off...your boring strategy you use...is it Renko bars? (I went through your threads).
thanks
jacob
Renko bars was just a coding exercise I did for a friend who was into the "C4 and Nitro" threads, then LouG and a couple of others improved on my code and wrote better code from scratch.
I have PM on, wonder what happened?
I sent you a PM with a link of the foundation for how I trade. I am debating on starting a thread in the Journal section describing the core of my method and then keeping a log with charts there.
I am not one for confrontation and these threads can sometimes get a bit confrontational so I may not ...
Mark
EllisEdi Moving on to my next trade ...
- #235
- Jun 29, 2010 10:44am Jun 29, 2010 10:44am
The chart shows What I mean
Hi.... I'm using Interbank as well... but I couldn't get the MTF indy to work... MT4 hang.... so I've to delete the indy.... How did u manage to get it shown on chart ?
