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Attachments: Looser Trading System (Version 0.01-1/3)
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Looser Trading System (Version 0.01-1/3)

  • #81
  • Aug 11, 2010 5:56am Aug 11, 2010 5:56am
Quoting madscalp
Your long account is positive with 3 stoplosses ?????
What do you mean ? What is exactly the balance on this account ?
Thx
Although 3 stoplosses were hit in my long account, other positions had a profit (including the stop and reverse positions), so my net gain or net loss for that account was about zero.
  • #82
  • Aug 11, 2010 6:07am Aug 11, 2010 6:07am
Quoting ramanakumar
May i know how much time you hold the account? Did you keep any TP?
The short account realized its 1-2 % profit in about 7 hours.

All the positions on the long account were exited for breakeven for a slightly longer time.

I think once the profit target is reached for an account, all positions should be exited. If we continue to hold all positions, there is the chance that price will range and stoplosses hit. Of course, there is also the chance that price will continue to breakout. I guess it depends on the type of trader we are.

I have reopened all positions again, long and short.
  • #83
  • Edited 10:38am Aug 11, 2010 6:36am | Edited 10:38am
Original System - LONG - Date 11/08/2010 Part 1
Buy order 6 pairs one hour before London Open, SL 30pips
Sell Stop for second entry, SL 30 pips

Closed all open orders 4.5 hours later
Pending orders deleted.

eTrader,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Transaction01a.jpg Size: 120 KB
Click to Enlarge Name: Transaction01b.jpg Size: 86 KB
  • #84
  • Aug 11, 2010 8:00am Aug 11, 2010 8:00am
There is some method to the madness with this system, and I interpret this to be an attempt to profit on the Average Daily Range of the pairs, and I am testing the concept by entering the trades and related stop orders at the beginning of each trading day which for me would be around 6:00-7:00 EST which currently translates to 2:00-3:00 GMT. The challenge is to know when to exit.
  • #85
  • Aug 11, 2010 8:05am Aug 11, 2010 8:05am
Why you guys CLOSE?

dumb habbits are just carried everywhere......

even the author said "TP is a sin...", you guy still close like 5 hours later, or 3% reached.

This is dumb, sorry for being frank, (which is helpful).

what a simple and great system, and you still "HAVE TO" twist it...

by the way, idea to expanding stoploss is not profitable, on the contrary, reducing it may..., well you of coz can try...
  • #86
  • Aug 11, 2010 8:07am Aug 11, 2010 8:07am
be cautious i wouldnt recommend to trade it on mt4..better oanda..

charvo have fun
  • #87
  • Aug 11, 2010 9:56am Aug 11, 2010 9:56am
Quoting charvo
Why you guys CLOSE?

dumb habbits are just carried everywhere......

even the author said "TP is a sin...", you guy still close like 5 hours later, or 3% reached.

This is dumb, sorry for being frank, (which is helpful).

what a simple and great system, and you still "HAVE TO" twist it...

by the way, idea to expanding stoploss is not profitable, on the contrary, reducing it may..., well you of coz can try...
Well Charvo
The thing is, how long??
Anyway, you gave me an idea I will test, its a litle twist of this system and perhaps works
  • #88
  • Aug 11, 2010 10:01am Aug 11, 2010 10:01am
Again I closed one account with 1% profit and the other account I closed at breakeven.

Now going to reopen all positions.
  • #89
  • Aug 11, 2010 10:10am Aug 11, 2010 10:10am
well, for "how long", you have to drag a chart for each pos to decide if you exit.

this way is more troublesome, but just a bit smarter than x% exit or "I feel lucky so i exit".

for me, i'll hold short of eurusd, and gbpusd today.

the attached shows a potential alternative:

about 10 hours ago, i short (random, could be long) a basket of 6 pairs, then about 1 hour ago, i add one more short basket (since looser said it is anytime, and i think it is reasonable), when I see whole market is down.

please note that 4 or 5 positions have been stopped out ($10~15 loss) and reversal entered. of coz today is trending, so you may think that this is only for trending days, however, i guess that this system is mainly suit for ranging market......

obviously, i will hold eurusd, gbousd, usdcad, for overnight.


Quoting FxCba
Well Charvo
The thing is, how long??
Anyway, you gave me an idea I will test, its a litle twist of this system and perhaps works
Attached Image (click to enlarge)
Click to Enlarge Name: looser.jpg Size: 258 KB
  • #90
  • Aug 11, 2010 10:16am Aug 11, 2010 10:16am
Day 1: 581 Pips.
  • #91
  • Aug 11, 2010 10:25am Aug 11, 2010 10:25am
Looser had contacted me, asking me to post his message to the forum/administration.

He would like to know what is the SOLUTION to his problem.

From Aug 5 to Aug 11, his account (0.1 lot) has turned from $1000 to $1535.

He would like to interact, comment and share some tips about the system.

Can anybody help?

Thanks
  • #92
  • Aug 11, 2010 10:34am Aug 11, 2010 10:34am
Original System - LONG - Date 11/08/2010 Part 2
Buy order 6 pairs before NY Open, SL 30pips
Sell Stop for second entry, SL 30 pips

Closed all open orders 2.5 hours later.
Pending orders deleted (2 orders).

eTrader,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Transaction02a.jpg Size: 166 KB
Click to Enlarge Name: Transaction02b.jpg Size: 89 KB
  • #93
  • Aug 11, 2010 10:37am Aug 11, 2010 10:37am
Quoting Pluto2
Looser had contacted me, asking me to post his message to the forum/administration.

He would like to know what is the SOLUTION to his problem.

From Aug 5 to Aug 11, his account (0.1 lot) has turned from $1000 to $1535.

He would like to interact, comment and share some tips about the system.

Can anybody help?

Thanks
Looser seems to be online already, nevertheless I think Charvo (incredibly looser) has enligthed us a little
  • #94
  • Aug 11, 2010 10:43am Aug 11, 2010 10:43am
He probably has to to email/appeal to the site admin., Twee, at:

http://www.forexfactory.com/member.php?u=57027
  • #95
  • Aug 11, 2010 10:46am Aug 11, 2010 10:46am
Could you please tell Looser that since his account is just "junior member", (i'm sure his trading status is far more advanced.) he can just go on register another user name like "Looser II"?

FF's administration system might have some issues that are not solvable through us. This is not the 1st time that I saw such incidents.

Quoting Pluto2
Looser had contacted me, asking me to post his message to the forum/administration.

He would like to know what is the SOLUTION to his problem.

From Aug 5 to Aug 11, his account (0.1 lot) has turned from $1000 to $1535.

He would like to interact, comment and share some tips about the system.

Can anybody help?

Thanks
  • #96
  • Aug 11, 2010 10:49am Aug 11, 2010 10:49am
dear, why you killed your profit so early?

i'm sure that exit part of your trades is not original, while you may still say you are doing "original entries".

Quoting eTrader
Original System - LONG - Date 11/08/2010 Part 2
Buy order 6 pairs before NY Open, SL 30pips
Sell Stop for second entry, SL 30 pips

Closed all open orders 2.5 hours later.
Pending orders deleted (2 orders).

eTrader,
  • #97
  • Aug 11, 2010 10:55am Aug 11, 2010 10:55am
can't help it, but i want to add "Step .04" here, if Looser is able to comment in future, i wish he/she can evaluate my idea.

step .04 is exactly a copy of step .03.

when markets tightly range (that often happens), basket 1 stopped, basket 2, unfortunately stopped too, and here is step .04: you open basket 3 following basket 2, in the way of openning basket 2 for basket 1.

drawdown will be bigger, but might as well as profits.

just one nasty idea due to unwillingness to accept loss......
  • #98
  • Aug 11, 2010 10:57am Aug 11, 2010 10:57am
Quoting ES Trader
Script does not seem to work.

Is it in fact possible to have script /EA to open the entire buy and stop loss orders since we already know the stop loss is 30 pips.

Just wondering !!

Thanks
it mt4 right click on it and tick edit remove all the m's after the currency pair
and it will work on a normal account.

I am looking at getting on made that opens all pair plus pending with stops.
It should not be very difficult for a programmer.
  • #99
  • Aug 11, 2010 11:06am Aug 11, 2010 11:06am
Quoting Pluto2
Looser had contacted me, asking me to post his message to the forum/administration.

He would like to know what is the SOLUTION to his problem.

From Aug 5 to Aug 11, his account (0.1 lot) has turned from $1000 to $1535.

He would like to interact, comment and share some tips about the system.

Can anybody help?

Thanks
S
Twee is the site manager

I would mail him,
http://www.forexfactory.com/member.php?u=57027
Geoff was reinstalled on this thread after a similar issue.
  • #100
  • Aug 11, 2010 11:13am Aug 11, 2010 11:13am
Hope this is helpful:

a script to open 6 market orders + 6 pending stop orders.

if 4-digit broker, adjust slippage and stoploss by "dividing by 10".

if U.S. broker, it may not allow you to place 6 pending stop orders (since hedge is not allowed).
Attached File(s)
File Type: mq4 Open_Looser_6_Pairs.mq4   4 KB | 604 downloads
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