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Cubbybgood's Finest Hour Method!

  • #41
  • Jan 29, 2011 3:12am Jan 29, 2011 3:12am
i made extensive analysis with breakout at london and new york open. i did take for TP a Time-Stop. it is mostly the same system like cubbybgood describted here. what i take into consideration is to follow the trend. my backtests since 1999 results are:

the best days to trade this is thursday and thuesday. monday was the worst day. from 2002 til 2007 was not good years. since 2007 equity raises with steep curve. best pairs are EURUSD, GBPUSD and USDCHF.

try pyramiding with 1R gridspace and trail your SL with every new level.

but this does not mean that this analysis hold for the future.
  • #42
  • Jan 29, 2011 8:31am Jan 29, 2011 8:31am
Quoting Cubbybgood
Please don't hate? Well you make it very hard not to when you write such an arrogant message like this.

How do you expect to learn anything with this kind of attitude. I really really hate how those few people in the forex community just love to shun and bash others and what they have to offer. I almost think it's a jealousy thing... Do you wish you could have thought of this idea first? I don't understand...what's the meaning of your post and why was it written?

You think I'm some noob trying to post random crap? You have to admit if you...
Wow, you are dillusional. You call my 2+ years & 379 systems a waste of time? Thats experience, screen-time and more importantly live trading experience...how you consider learning/experience a waste of time just shows how truly immature you are. Anyway just answer me this one question:

Why are you posting 3 systems, in 1 week? Whats you're goal? To show how people how smart your "friend" is? Since you obviously don't have any actual forex experience yourself, and no original ideas other than to re-spew the ideas/systems of your "friend". What does your "friend" think about you giving away his holy grail "bible-koran-talmud-torah" system? LOL.

If these systems really worked and you had truly tested them, or better if your "friend" who is obviously a forex genius/millionaire who has tested systems for years and years was right then you wouldn't have opened an "exploratory" topic of system testing. You would have opened a trading journal to document (with pictures) of all you're winning trades and account statements. (See Greg Wilson, My GBP/JPY Journal) But lets face facts...you are probably under the age of 23, who just stumbled onto ForexFactory and recently created an account...spouting non-sense "bible" systems and can't lose strategy's for other people to test for you, because it's too much work to do it yourself. Anyway...at least have the decency to download the LFH simulator and spend this weekend manually live testing just 1 of your strat's...then you'll see what I and Cggrey are talking about. I really do hope you succeed, but with the mind-set that "years of screen-time and creating multiple systems is a waste of time" I just don't know...plus you've already created and posted 3 systems in 1 week (so you're on a break-neck pace to beat my record in no time!)
  • #43
  • Jan 29, 2011 8:35am Jan 29, 2011 8:35am
Quoting Cubbybgood
I wish I had an easier way of doing backtests. They take a lot of time even doing them the way I am now.

I will work out a better way of doing the backtests this weekend. 3 years will take some time. probably a week or 2.

The more pairs that are traded together the better the chances of having a positive pip count every week I believe. That's why I'm using 4 pairs.
Download the free LFH (learn forex at home) simulator...it lets you pick any date in history and live trade (fastforward, pause and real time speed) trade.

Seriously dude, it is an amazing tool. For example you could put on your template of a MA cross system or whatever and click play...then live trade all day on Saturday and sunday, as it even has scripts to buy/sell/close/modify etc...
  • #44
  • Jan 29, 2011 8:44am Jan 29, 2011 8:44am
Quoting pilotui
Download the free LFH (learn forex at home) simulator...it lets you pick any date in history and live trade (fastforward, pause and real time speed) trade.

Seriously dude, it is an amazing tool. For example you could put on your template of a MA cross system or whatever and click play...then live trade all day on Saturday and sunday, as it even has scripts to buy/sell/close/modify etc...

If I can ask, did you find a profitalibe system?
  • #45
  • Jan 29, 2011 8:50am Jan 29, 2011 8:50am
Quoting colder99
Hi Cubbybgood,



Thank you for taking the time to share your
trading system ... it's about as straightforward
as it gets, which I really like ...

I think all the Forex systems you've posted are
worthwhile so 'please' do not be discouraged
by some of the feedback you've received.

There appear to be a number of people
on Forex Factory that seem to think that
they are the 'Grand High Lord and Master of
Forex' and seek to put people down while
offering nothing but mysterious warnings
and pronouncements ... LOL ... LOL ...

I suspect most...

I will try to keep sharing but some members do have a point. Posting to many systems can lose me respect even if they do work. I agree .I posted this strategy to early but I knew I needed some ideas from others on making it better.
  • #46
  • Jan 29, 2011 8:51am Jan 29, 2011 8:51am
Quoting pilotui
Download the free LFH (learn forex at home) simulator...it lets you pick any date in history and live trade (fastforward, pause and real time speed) trade.

Seriously dude, it is an amazing tool. For example you could put on your template of a MA cross system or whatever and click play...then live trade all day on Saturday and sunday, as it even has scripts to buy/sell/close/modify etc...

Now this is something helpful brought to the table.
  • #47
  • Jan 29, 2011 9:15am Jan 29, 2011 9:15am
Quoting pilotui
Wow, you are dillusional. You call my 2+ years & 379 systems a waste of time? Thats experience, screen-time and more importantly live trading experience...how you consider learning/experience a waste of time just shows how truly immature you are. Anyway just answer me this one question:

Why are you posting 3 systems, in 1 week? Whats you're goal? To show how people how smart your "friend" is? Since you obviously don't have any actual forex experience yourself, and no original ideas other than to re-spew the ideas/systems of your "friend"....
I've said this many times and I'll I say it again. I have 4 years experience in the forex and I know what it takes and where I've been. I remember a time where I probably had 200 systems and lost a lot of money. I saw what was happening to me. I was getting no where in trading. I knew that I needed to go get some help so I went the a fellow forex trader that had been trading for years and was successful. He taught me money management and a system that I should always be able to use in really any market condition.

He told me I was jumping around to much and it was causing me to fail. I dropped all my systems. Studied and learned the one I shared about profiting all day inside and out. I learned a lot about the movement of price and highs and lows. I didn't realize how important money management was till I started incorporating it into my trading and saw the results. It took me 6 months to really fully understand the system. I found out that even a slight mistake could cause me to fail yet again even with a good system so that's why I demoed for a long time.

What I'm trying to accomplish here.
Now that I have my own knowledge I want to make even more pips then I am now for the time I'm spending at trading. I thought this was a good concept that had potential. Maybe I did post it to early. I should have done more testing on it before I made the thread but isn't this kind of thread a large part of what FF is all about? Making a system/method better? Gathering ideas and information from others? I think so...
  • #48
  • Jan 29, 2011 9:23am Jan 29, 2011 9:23am
Quoting Cubbybgood
I've said this many times and I'll I say it again. I have 4 years experience in the forex and I know what it takes and where I've been. I remember a time where I probably had 200 systems and lost a lot of money. I saw what was happening to me. I was getting no where in trading. I knew that I needed to go get some help so I went the a fellow forex trader that had been trading for years and was successful. He taught me money management and a system that I should always be able to use in really any market condition.

He told me I was jumping around...
Don't worry about it.
Keep posting.
You aren't doing anything wrong.

The people we need to worry about and take to task, are the ones with "100% winners" who are trying to lead people off site.

There are one or two like that here, all the time.
  • #49
  • Jan 29, 2011 10:04am Jan 29, 2011 10:04am
Quoting Cubbybgood
I've said this many times and I'll I say it again. I have 4 years experience in the forex and I know what it takes and where I've been. I remember a time where I probably had 200 systems and lost a lot of money. I saw what was happening to me. I was getting no where in trading. I knew that I needed to go get some help so I went the a fellow forex trader that had been trading for years and was successful. He taught me money management and a system that I should always be able to use in really any market condition.

He told me I was jumping around...
Ok, thanks for the honesty...I'm good to go now, and glad you admitted your 200+ systems just like everyone else here Were they a waste of time? Nope, neither were mine.

Thanks for being honest, and sorry for the harsh post. Good luck with your system brother.

-Darren
  • #50
  • Jan 29, 2011 10:19am Jan 29, 2011 10:19am
Quoting xman
If I can ask, did you find a profitalibe system?
I didn't find it, but I created it...I realized I kept trying to take all my experience and lump it into "boxes" ie, 5M strats, 1H strats, operating each on solely on it's own...I actually did make a lot of money in the past(see pic)...which is why I kept at it... After I turned 1,600.00 into 14,349, In ONE MONTH...I'd had a taste of success and was addicted. But only after stepping back and I stopped looking at "signals/arrows etc..." was I able to see what the market was doing. It's still a work in progress but after 2 years of testing I"m happy I found my edge.

By the way thats from my real FXCM account before they complied with the CFC crap...pretty much ruined FX trading for US Citizens... The file is straight out of my reported earning from my 2009 tax documents. The only thing I edited was my account number.

Hopefully this will give some people some hope that just about anyone can make money in FX...it's holding on to it that the hard part!
Attached Image (click to enlarge)
Click to Enlarge Name: proof.jpg Size: 182 KB
  • #51
  • Jan 29, 2011 10:38am Jan 29, 2011 10:38am
agreed,
I don't know if you held on to this profit and I wont ask but I did this same kind of thing.

Back in November 2009 I took a loan out for 10k and grew that account to 32k in 1 month using an old strategy with the murry math indicator and pin candles. I was using high risk gaining as much as 5,000 profit in one trade. I call this time my awakening in the forex world. It was a time were I was maturing as a forex trader but was still incredibly naive as well. This was a dark and glorious time for me all in one. I lost 15k in of my profit in one day on a heavy news day just to gain 8k of it back by a lucky one the next day. After this I realized how much can be loosed in the forex in such a quick amount of time when emotions are involved. I didnt' realize that the forex had to be treated like a business, gradually growing your account over time instead of trying to get rich quick. This was the time I got help.

The strategy worked well if there market wasn't being to saturated with news.
  • #52
  • Jan 29, 2011 10:42am Jan 29, 2011 10:42am
Chubbie,

do you always take your trade high+1 and low-1 or do you account the spread of your broker also?
thank you
  • #53
  • Jan 29, 2011 10:47am Jan 29, 2011 10:47am
Quoting hollandpippin
Chubbie,

do you always take your trade high+1 and low-1 or do you account the spread of your broker also?
thank you
I'm not counting spread. I'm not sure if we should or not. some times trades go exactly half of the SL not including the spread. I'm debating if I should be including a 3 pips spread in my tests.

example,
30 pip SL
18 pip TP
  • #54
  • Jan 29, 2011 11:07am Jan 29, 2011 11:07am
Cubbygod,

Please answer my questions from last night this weekend. I want to start tradeing this system on monday and also to learn which one of your other systems is winning the most pips for your every week.

Also, can you explan money management?

thanks,

Jimmy.
  • #55
  • Jan 29, 2011 11:17am Jan 29, 2011 11:17am
Quoting Cubbybgood
agreed,
I don't know if you held on to this profit and I wont ask but I did this same kind of thing.

Back in November 2009 I took a loan out for 10k and grew that account to 32k in 1 month using an old strategy with the murry math indicator and pin candles. I was using high risk gaining as much as 5,000 profit in one trade. I call this time my awakening in the forex world. It was a time were I was maturing as a forex trader but was still incredibly naive as well. This was a dark and glorious time for me all in one. I lost 15k in of my profit...
Wow, we have identical experiences with FX...thats crazy. I literally understand everything you just said. Man it makes trading well feel so much better!!
  • #56
  • Jan 29, 2011 11:29am Jan 29, 2011 11:29am
Quoting Cubbybgood
I'm not counting spread. I'm not sure if we should or not. some times trades go exactly half of the SL not including the spread. I'm debating if I should be including a 3 pips spread in my tests.

example,
30 pip SL
18 pip TP
yr 2:1 RR is just a guess, so how does it matter you add or dont add spread.

whatever you do in LIVE, should do same in backtesting. thats important
  • #57
  • Edited 5:40pm Jan 29, 2011 3:21pm | Edited 5:40pm
THE RESULTS ARE GREAT!
two points:
1.
In the charts, the price is bid price. So to calculate the real result based on the charts, we need to -2 for each profit, also -2 for each lose. (2 is bid-ask spread)...so for the results in the first post, you traded 81 times. the result should be 575-81`*2
2.
8am est? is that just the hour when the big news come out? US big news always come out at 8:30 est. and we need to know, New york city uses summer time saving system. so, when use the chart from mt4(it don't use summer time saving system(daylight saving time)), we need to consider which bar is the 8am est in different month.
  • #58
  • Jan 29, 2011 3:26pm Jan 29, 2011 3:26pm
Quoting bobowang
THE RESULTS ARE GREAT!
two points:
1.
In the charts, the price is bid price. So to calculate the real result based on the charts, we need to -2 for each profit, also -2 for each lose. (2 is bid-ask spread)...so for the results in the first post, you traded 81 times. the result should be 575-81`*2
2.
8am est? is that just the hour when the big news come out? US big news always come out at 8:30. and we need to know, New york uses summer time saving system. so, when use the chart from mt4(it don't use summer time saving system), we need to consider...

This is a very interesting point that you bring up. Is it possible for NY open time to change on charts? because I noticed that on the EU in augest the performance started suffereing a bit.... hmmm

I may have to look into this.
  • #59
  • Jan 29, 2011 3:26pm Jan 29, 2011 3:26pm
Quoting Cubbybgood
I'm not counting spread. I'm not sure if we should or not. some times trades go exactly half of the SL not including the spread. I'm debating if I should be including a 3 pips spread in my tests.

example,
30 pip SL
18 pip TP
I think it should be:
33 pips sl
12 pips tp

in your back test result is:
30 sl
15 tp.

a big difference.
  • #60
  • Jan 29, 2011 3:29pm Jan 29, 2011 3:29pm
Quoting bobowang
I think it should be:
33 pips sl
12 pips tp
Agree. less is better.
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