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Looser Trading System (Version 0.01-1/3)

  • #361
  • Aug 19, 2010 10:40am Aug 19, 2010 10:40am
Looser is off,
eTrader took the leading part in this Thread i think : p
Hero calls followed by margin calls...
  • #362
  • Aug 19, 2010 10:51am Aug 19, 2010 10:51am
I agree so much with eTrader. Correlation among pairs, and confirmation of a single currency's strength/weakness against multiple pairs, are important keys to seeing what the market is doing. I personally cannot do it manually, I MUST use automation to track it for me.

So future versions of EAs that implement this strategy will almost certainly look at correlations and/or confirmations to decide inital long or short bias for all 6 pairs. Haven't quite thought out exactly what approach I'll use.
Open to new approaches.
  • #363
  • Aug 19, 2010 11:55am Aug 19, 2010 11:55am
Today + 55 pips......
Waiting for tomorrow
  • #364
  • Edited 12:26pm Aug 19, 2010 12:09pm | Edited 12:26pm
hi looser and all

i placed looser trading system mini lots

its open only eur usd trade -- all other did not load

2010.08.20 00:17:07 Expert 'LooserTradingSystemMiniLot' is not custom indicator and will be removed




any one know why

i am useing alperi uk mt4
  • #365
  • Aug 19, 2010 6:37pm Aug 19, 2010 6:37pm
[quote=eTrader;3961688]Here is an example on time frame H1.
From top to bottom: eurusd, gbpusd, audusd, usdchf, usdjpy, usdcad.
Vertical rectangle (first vertical line) :

eTrader, thank you for your information and explanation. I am very appreciate that.
  • #366
  • Aug 19, 2010 11:12pm Aug 19, 2010 11:12pm
It is a very interesting system. Looser, you are the man!

Sure it is nice to get 300-500+ pips per day. However during the range we can lose 360 pips.

What can we do?

1). Right now our SL is 30 pips for any pair at any day. We can place SL depending on the ATR (14) - 25% of ATR. For example, if GBPUSD's today's ATR is 200 pips, then SL would be 50 pips, if EURUSD's today's ATR is 160 pips, then SL for EURUSD would be 40 pips etc.

2). Instead of placing the orders for instant execution, we could place two pending orders per pair (both buy and sell), and then pending orders for these two orders. For example, right now GBPUSD is 1.5560 and we decided that SL is 30 pips.
We place buy stop 1.5590 and sell stop 1.5530
After that for 1.5590 we place sell stop 1.5560
And for 1.5530 we place buy stop 1.5560
Let's say the price went up and hit 1.5590, then we delete 1.5530 and the pending order for this order (buy stop 1.5560). Of course, our profit will be less, but we'll avoid losing 360 pips during the range.

Just my two cents.
  • #367
  • Aug 19, 2010 11:25pm Aug 19, 2010 11:25pm
Hi guys.....and Sir Looser.......it be too long i not enter this thread
how are you Sir Looser???
i hope,you fine and happy all the time
  • #368
  • Edited Aug 20, 2010 12:12am Aug 19, 2010 11:40pm | Edited Aug 20, 2010 12:12am
Quoting Fokusnik
It is a very interesting system. Looser, you are the man!

Sure it is nice to get 300-500+ pips per day. However during the range we can lose 360 pips.

What can we do?

1). Right now our SL is 30 pips for any pair at any day. We can place SL depending on the ATR (14) - 25% of ATR. For example, if GBPUSD's today's ATR is 200 pips, then SL would be 50 pips, if EURUSD's today's ATR is 160 pips, then SL for EURUSD would be 40 pips etc.

2). Instead of placing the orders for instant execution, we could place two pending orders per pair (both...

Good Suggestion sir....i hope,this can help us here.....btw,Where is "BIG BROTHER" here Sir Looser??i do not see him in couple of post that i visit....it's anything Wrong going here Sir Fokusnik???why it's happen to me when i come back....very bad....
miss "BIG BROTHER SIR LOOSER" so much


hi BIG BROTHER,Sir Looser....i see your NAME in 20 Traders Viewing This Thread
come on Sir.....give us a feedback,OK....A'KUM
  • #369
  • Aug 20, 2010 2:18am Aug 20, 2010 2:18am
Quoting MetaCoder
I agree so much with eTrader. Correlation among pairs, and confirmation of a single currency's strength/weakness against multiple pairs, are important keys to seeing what the market is doing. I personally cannot do it manually, I MUST use automation to track it for me.

So future versions of EAs that implement this strategy will almost certainly look at correlations and/or confirmations to decide inital long or short bias for all 6 pairs. Haven't quite thought out exactly what approach I'll use.
Hi MetaCoder
I used the VRVIM-Looser indy in H1 with 2 scripts ( long and short) and a CloseAmountatEquity 2 %.
5 trades all winners
I'm thinking your EA LooserKiss Me_02 is excellent for this stategy. You said it's a first step before indy's using.
In my opinion, we can use this indy to launch trades long or short depending the green-red cross. But we need a cross > 0.10 because if the cross is near the zero line the signal is not significative.
I'm not a coder but if we can use an EA with these signals and a profit with trailing equity it would be perfect.
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  • #370
  • Aug 20, 2010 3:52am Aug 20, 2010 3:52am
Nice results

Do you attach the indicator VRVIM-Looser on all 6 pairs or only on one pair?
  • #371
  • Aug 20, 2010 4:09am Aug 20, 2010 4:09am
Long Trade Date 20/08/2010 London open
Today:
Gross Profit:... +1289.17 EUR
Gross Loss:....... -965.43 EUR
Total Net Profit: +323.74 EUR

Summary:
Deposit:...........+10000.00 EUR
Total Net Profit: + 2922.66 EUR
Balance:......... +12922.66 EUR
Profit(%).............. +29.23 %

Trading days: Aug 11,12,13,17,18,20

See also postings #83, #92, #140, #219, #236, #264, #300, #312, #334


Figure1: Summary

eTrader,
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  • #372
  • Edited 6:18am Aug 20, 2010 4:28am | Edited 6:18am
Quoting john225
Nice results

Do you attach the indicator VRVIM-Looser on all 6 pairs or only on one pair?
WRVIM-Looser is a 6 pairs-indy. It gives an indication for the basket buy or the basket sell. If the cross is clearly under the zero line, we buy the basket and if it is above we sell. My target is 2 % but we can imagine a swing strategy .
Today 2 basket buy for 3 % 1 for 2% and 1 for 2 % ( 7 % more)
with signals M30 ...not recommanded ..lol
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  • #373
  • Aug 20, 2010 6:18am Aug 20, 2010 6:18am
Quoting madscalp
WRVIM-Looser is a 6 pairs-indy. It gives an indication for the basket buy or the basket sell. If the cross is clearly under the zero line, we buy the basket and if it is above we sell. My target is 2 % but we can imagine a swing strategy
It's pointed UP (Green cross red below 0)

right now for the BUY and all pair is in downtrend keep

dropping, check your charts.
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  • #374
  • Aug 20, 2010 7:12am Aug 20, 2010 7:12am
Quoting SkyzerFX
It's pointed UP (Green cross red below 0)

right now for the BUY and all pair is in downtrend keep

dropping, check your charts.
Hi my russian buddy
Do you have a downtrend in hourly on USDJPY , USDCAD and USDCHF ?
  • #375
  • Aug 20, 2010 8:12am Aug 20, 2010 8:12am
Quoting madscalp
Hi my russian buddy
Do you have a downtrend in hourly on USDJPY , USDCAD and USDCHF ?
Well in EU,Cable AUDUSD, - I'm
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #376
  • Aug 20, 2010 8:14am Aug 20, 2010 8:14am
Hi Traders,

How u doin all !!!

Well eTrader results are awesome .... What is current consensus ?

I want to know the system got any potential?
The HolyGrail is within your BRAIN ... Activate that Indicator !!!
  • #377
  • Aug 20, 2010 8:28am Aug 20, 2010 8:28am
Can anybody explain this crazy indicator..

That screenshot of Cable, sometimes it going with the pair

and sometimes goes appositive direction like now

bottom indicator window:
Attached Image (click to enlarge)
Click to Enlarge Name: looser1.jpg Size: 120 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #378
  • Edited 9:12am Aug 20, 2010 8:47am | Edited 9:12am
Quoting SkyzerFX
Can anybody explain this crazy indicator..
This indicator is reflective of six pairs used in this method.
In effect it could also mirror GBPJPY+EURCHF+AUDCAD. So to some extent GBPJPY being a major mover, could also reflect the basket.
"Put all your efforts in becoming effortless"
  • #379
  • Aug 20, 2010 8:50am Aug 20, 2010 8:50am
Today + 167 pips (only 2 pairs).
Total since 13-08 till 20-08: 351 pips....
  • #380
  • Aug 20, 2010 9:02am Aug 20, 2010 9:02am
Quoting IamTHAT
This indicator is reflective of six pairs used in method.
.
Right but question remains, should I sell or should I buy In direction

of this indy or against?
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