Coin-Toss Trading Strategy

aww man that hurts ma feeluns. hehe

I think that guy use this MM.

http://www.myfxbook.com/members/Columbus/tp--sl/55446


47% win
53% loose


Look everyday, it's a cash machine.

Daaaaamn that's impressive.

I'm confused about this. It states in the info that the TP is the same as the SL. The system is losing more often than it wins so how can it be making profit when the RR are equal?

don't know if it's the case, but could a martingale do this?

I think he start with: TP=SL, and improve the system, now it's TP = 10 and SL=5

i'm really not one that knows much about this, but on second thought i guess if it was a martingale of some kind it'd be choppier / angular, but as it's not it has to be some other kind of method.

scalp : are you suggesting it is some form of self-adjusting system?

...

i have not really spent much time trying to read myfxbook data, and this is the first time i have looked at the history section at the bottom. it screams EA to me as the first position is listed as lasting zero seconds... then later on there is a 10pip profit that took zero seconds.

i don't imagine it wouldn't be overly difficult to re-plot the history in mt4 to glean what is really going on. hanover already has an indi that plots the ff news database. same concept. with enough time and energy i know i could do it... i just cbf. anyone else already put this together i wonder.

i already plot the data, is similar to :
http://www.forexfactory.com/showthread.php?t=139153

he take trade on Doji, but he have something else to give him the trend. (he take 12 buy without take sell).

Also MM, move fast the stoploss to cover the spread...

cool man. it's intriguing me. i might have to auto-plot this some time just to see what's what. i don't get why the lotsize hasn't been upped at any point.

couldnt help myself. created an indi to plot from a csv, copied the latest few days of data from myfxbook into a csv file and have it auto-plotted on my gbpusd chart.

it's interesting to see the stoploss trailing aggressively in some parts. don't know about that doji hypothesis you gave though as it's not that straight-forward from what i am looking at. interesting nonetheless to look back through.

is there an easy way to download a myfxbook history easily instead of copy pasting page by page?

edit : nevermind. found the link at the top there. the site is nice but hard to navigate at first.

I want to see this guys three sided dice............ must be a 4th dimensional thing...lol

i guess a 3 sided dice is possible. not exactly 3 sides though. more like, a ball with 3 equidistant flattened sections (a bit like a retarded golf ball).

i wanna see this dice too now!

Found a French site where they have been discussing this SL=TP system for some time

http://www.videobourse.fr/forum-fore...hp?f=12&t=1616

after running through google translate so I can understand what they are saying they seem to be deciding that the entries look a lot like those used in a Randy Candles 1m Scalping system which is discussed on FF here

http://www.forexfactory.com/showthread.php?t=139153

and also clearly explained here

http://forums.babypips.com/free-fore...y-candles.html

then of course it all comes down to money management. I notice in the myfxbook thread he says that he is testing EA's and modified slightly one which gave him this result. Guessing the money management is the slight modification - which of course is the key to everything. However it would be good to start with the same EA he originally modified for his entry signals so anyone like to start suggesting Randy Candle based EA's that we could compare against his myfxbook history to see if the entries tie up?

no. i don't for a moment believe it has anything, at all, to do with randy candles. i have his entire myfxbook history plotted on my gbpusd chart and i have some thoughts that i want to play with. i'm seeing a pattern. looking at the randy candle charts briefly then look nothing like what i'm seeing in my head.

ima try write an ea to replicate this... the money pot i guess.

har. read that french forum without google. they are clueless (or my partial french understanding is shot). not that i'm not also clueless, but they are certainly clueless. ah feel eet een ma bones!

Despite all being clueless none of us are stupid...there have to be enough of us focusing on this that we can solve what he is doing here. If the results are true then the method this EA is employing should be everyone's focus. I have never seen such consistent returns without either having VERY wide SL and narrow TP or martingaling...neither of which seem to be in use here.

Nubcake - Care to share your tools for exporting myfxbook history into your MT4 charts - I assume you make a manual adjustment to all the trade times to account for the GMT difference between TP=SL broker time (GMT-4 I think) and your own?

The more of us that can visually get these trades on their charts hopefully the faster we can make a breakthrough.

I found the broker it's the most important:

He put one coin (spread) in the machine, i get 2 coins or i loose 1 coin (if SL to breakeven).

My actual broker: i put 1 coin (spread 2 pips), i get 2 coins or i loose 5 pips (SL is minimum 5 pips).

The game is already make.

a part of me is really hesitant to give away my indicator. it's nothing special but i did spend a night working and on it writing it, debugging, and getting it up and running, and it's quite powerful to be able to actually see trades taken by others so very very easily now...

but yeah ok. don't say i never gave you anything... i don't want to be a complete ass so it's attached for all to play with, for now at least.

there is an offset variable that i have compiled set to 420 which you can change in the indicator options to whatever fits your chart best. 420 aligns the data with my chart gmt settings etc. just play with it until you find whatever value makes it align with yours. lower the value to shift the trade times to left, raise it to shift right. it's easy to see the trades shadowing the chart when they aren't aligned so it's pretty straightforward to see which way you need to adjust things to align chart times.

just dump the "statement.csv" into experts/files/myfxhistory (yes you need to create the myfxhistory folder). load the indi onto your gbpusd chart and voila. on my charts it is evident that either my brokers gmt was or is in a daylight savings shift at the start of november, or Columbus's history is affected by his servers gmt being altered. dates after the 5th (i think it is) on my charts are fine with an offset of 420, but before whenever it was that dst kicked in everything is wrong and to look at previous dates properly i have to drop an hour off the offset so i set mine to 360 when looking at dates prior to november. this aligns everything right. might just be my broker chart time settings that are doing this and may not be relevant to you.

hopefully the indi works right out of the box for you. don't do anything with the myfx statement.csv. i found if i load it with openoffice to see the data and then happen to save it the structure is different to how it first is when you download it... so i just leave it alone and have scripted the indi to read the original format you get downloaded straight off the website so that it's as easy as download, paste into folder, win.

like i said, i think i have worked out a meaty part of the ea's ruleset already. i don't want to say what (secret secret lol). it should be obvious to see why trades are taken and why the stoploss changes. it's also interesting to see that the minute data on my charts mustn't quite be opening and closing at the same time as Columbus's. from the ruleset i believe the ea works with it appears to me that perhaps my charts are out by maybe half a minute, but without tick data it's all a guess. it's also interesting to glean the type of spread he must be getting, as well as a few spots it looks like he got spiked out by news or something (might import news data with another indi at some point to compare).

i feel like i just gave away the master key with this indi (for now while i leave it available).

enjoy.

edit : attachment removed

I have just seen Nubcake has kindly uploaded his indi to import myfxbook history so thanks for that.

Scalpeur in reference to your comment above just because your broker doesn't allow you to move fixed stops within a certain distance from the current market price doesn't mean you can't have an EA managing a "hidden stop" closer than that.