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Attachments: Floydian's Sick System
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Floydian's Sick System

  • #21
  • Jan 10, 2011 9:03am Jan 10, 2011 9:03am
pic 5 & 6
I think, in pic 5 an error - touching low line. But if we close the long trade immediately after touching low line and will take a short - it will be bad for our account.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Picture 6.png Size: 41 KB
  • #22
  • Jan 10, 2011 9:07am Jan 10, 2011 9:07am
pic 7&8. Pic 8 with different situation but also with huge drawdown. I'm sorry for this long list of painting.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Picture 8.png Size: 40 KB
  • #23
  • Jan 10, 2011 9:20am Jan 10, 2011 9:20am
Whoaaa Dzini, sorry but it's a little bit brutal, I don't understand your pics I am trying to show the strat better.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: sick exs5.gif Size: 19 KB
Click to Enlarge Name: sick exs6.gif Size: 19 KB
Click to Enlarge Name: sick exs7.gif Size: 19 KB
Click to Enlarge Name: sick exs8.gif Size: 18 KB
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Develop the old ways! Backtest with 25% quality... JOKE!
  • #24
  • Edited 9:57am Jan 10, 2011 9:32am | Edited 9:57am
About the Drawdown. At the last trade, you sum up all the losses, (closed long and short trades and spreads...) and take the take profit place two times away.
Exsample: I had 3 loser trades. -20 pip, -40 pip, -15 pip. (with spreads). I sum up: -75 pip. My take profit place is 150 pips away from the fourth trade's opening price.

Why is it good? Not bad at all. If I had a -10% DD, after the last trade I have +10% profit on my account.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #25
  • Jan 10, 2011 10:31am Jan 10, 2011 10:31am
Ok. one more time.
Pic 1: high (1.33782) low A(1.33137)
Pic 2: B broke the low line (1.33137) it mean that next candle open order at B close price (immediately) (1.33038). New high (1.33137) - old low (candle A). New low (1.33038) - B close.
Pic 3: Price doesnt go down. Its up & broke hi level (1.33137).
??? Candle before C also broke the high level (1.33137). Why we count only C? Its important that the body of candle broke the line???
  • #26
  • Jan 10, 2011 11:02am Jan 10, 2011 11:02am
Third Time: Open or close positions ONLY at CANDLE CLOSING. (except the last position(take profit), or if the first trade reach the Take Profit price)

So dzhini the answer is: yes.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #27
  • Jan 10, 2011 11:23am Jan 10, 2011 11:23am
Quoting floydian666
Third Time: Open or close positions ONLY at CANDLE CLOSING. (except the last position(take profit), or if the first trade reach the Take Profit price)

So dzhini the answer is: yes.
Ok. I understand. This system like a snake )))
What about last picture? Fixed TP or another rule?
  • #28
  • Jan 10, 2011 11:28am Jan 10, 2011 11:28am
It's fixed... I used the sum up version.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #29
  • Jan 10, 2011 12:42pm Jan 10, 2011 12:42pm
How many "more positions" did you open at the blue triangle?

Quoting floydian666
Again: Open positions ONLY at CLOSING. I show you the strategy on the same chart at the same time.

Version I: The X was the first break bar:

1-open short at X's closing price
2-close the position at A because it's winner (+30 pip without spread. The 24X5 bar high low avarage difference was about 23 pip)

Version II: The B was the first break bar:

1-open long at B's closing price
2-close the position at D because it's winner (+33 pip without spread. The 24X5 bar high low avarage difference was about 23 pip)

Version III: The E was the first break...
  • #30
  • Jan 10, 2011 12:44pm Jan 10, 2011 12:44pm
You can sum up... Five more positions.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #31
  • Jan 10, 2011 2:19pm Jan 10, 2011 2:19pm
I like this system because you do not need to be a technical analyst to trade it. I don't like the system because with each loss you require the market to move farther and farther the next time in order to make up your profit.

Quoting floydian666
You can sum up... Five more positions.
  • #32
  • Jan 10, 2011 2:59pm Jan 10, 2011 2:59pm
Yes you are right. With an EA it could be much more clear. Anyone?
Develop the old ways! Backtest with 25% quality... JOKE!
  • #33
  • Jan 10, 2011 10:55pm Jan 10, 2011 10:55pm
Hi Floydian, thank you for posting your system. I've taken some trades on a trading simulator, EUR/USD daily chart. I picked the starting point randomly about two years back.

Please view and comment. Have I done it correctly?

Inserted Video


In the end of the video I made a suggestion based on my past experience. Is this in line with your observations?
  • #34
  • Edited 5:37am Jan 11, 2011 4:26am | Edited 5:37am
Thanks a lot! Amazing video! You were nearly correctly. The avarage is not the last 5 bars, the avarage is the last week's avarage. Exsample: Daily chart: 5 bar, 1H chart: 24X5 bar.
You didn't use any filter. They can help us a lot.

I found a new Drawdown solution.

After the first position, when we open the second position(and the third and so...) we buy or sell two times bigger quantity on the next positions.
Exsample:
I. Pos: 1 lot
II. Pos: 2 lot (first lot is for the I. pos's loss and the second lot is for the profit)
III. Pos: 2 lot
IV. Pos: 2 lot
V. Pos: 2 lot
.
.
.


If we reach the zero point, (we win the losses) we close one quantity. (alternate method: we open two positions, and at the zero point, we close one).
It's good, because we win the losses, and then we can fight fot he profit, and as we know it will be coming... It's much safer.

Of course you can use alternate multiply... not two times bigger profit... only 1.5 or only 1.2 it's up to you.

What do you think?
Develop the old ways! Backtest with 25% quality... JOKE!
  • #35
  • Jan 11, 2011 4:57am Jan 11, 2011 4:57am
Wow, what a scary way to trade; about the time you need to make 2000 pips you're wishing you hadn't started trading this way.

Quoting ForexSimVids
Hi Floydian, thank you for posting your system. I've taken some trades on a trading simulator, EUR/USD daily chart. I picked the starting point randomly about two years back.

Please view and comment. Have I done it correctly?

http://www.youtube.com/watch?v=W6nfbePFNxc

In the end of the video I made a suggestion based on my past experience. Is this in line with your observations?
  • #36
  • Jan 11, 2011 4:58am Jan 11, 2011 4:58am
No, no no, don't EVER martingale, it is a sure death for any system. Martingaling is dangerous, just Google it and read about it. This system is dangerous enough as it is without Martingaling.

Quoting floydian666
Thanks a lot! Amazing video! You were nearly correctly. The avarage is not the last 5 bars, the avarage is the last week's avarage. Exsample: Daily chart: 5 bar, 1H chart: 24X5 bar.
You didn't use any filter. They can help us a lot.

I found a new Drawdown solution.

After the first position, when we open the second position(and the third and so...) we buy or sell two times bigger quantity. If we reach the zero point, (we win the losses) we close one quantity. (alternate method: we open two positions, and at the zero point, we close one).
It's...
  • #37
  • Jan 11, 2011 5:24am Jan 11, 2011 5:24am
This is not martingale... this is for a safer system... A lot of strategies are using the risk diversification... We don't change the quantities! They are the same! This is not martingale... At the zero point, you win back all the losses to you account... it's much more safer than the original...

Exsample:

I. Pos: 1 lot
II. Pos: 2 lot (first lot is for the I. pos's loss and the second lot is for the profit)
III. Pos: 2 lot
IV. Pos: 2 lot
V. Pos: 2 lot
.
.
.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #38
  • Jan 11, 2011 5:26am Jan 11, 2011 5:26am
Maybe I don't understand it right? But this is the very definition of Martingale: "After the first position, when we open the second position(and the third and so...) we buy or sell two times bigger quantity." What am I missing?

Quoting floydian666
This is not martingale... this is for a safer system... A lot of strategy use the risk diversification... We don't change the quantities! They are the same! This is not martingale...
  • #39
  • Jan 11, 2011 5:35am Jan 11, 2011 5:35am
I wasn't write it correctly... At the first we sell or buy 1 lot, and than ALWAYS 2 lot, as i wrote in the reply, please check it.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #40
  • Jan 11, 2011 9:12am Jan 11, 2011 9:12am
Quoting floydian666
I wasn't write it correctly... At the first we sell or buy 1 lot, and than ALWAYS 2 lot, as i wrote in the reply, please check it.
I understand what your saying. This is definitely safer than using martingale, but in order to profit with this system you will need to either win more than half of the trades (which seems unlikely given the spread) or increase the take profit target. Increasing the take profit target can be dangerous also because a long string of losses will set your take profit target very far away. Then you have to start figuring in the costs of swaps. Or costs of opportunity. In conclussion, you may be able to profit more just trading support/resistance levels. The one good thing this system does have is structure and a definitive stop loss. But then again, is it the most profitable in the long term?
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