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Cubbybgood's Finest Hour Method!

  • #61
  • Jan 29, 2011 3:30pm Jan 29, 2011 3:30pm
Quoting Cubbybgood
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.
sure! that's why i think this system may work! you use 8am est, not any hour else. new york city use summer time saving system from each march or april to sept. or oct.(the exact date is different each year, we need to pay attention to it.)
  • #62
  • Jan 29, 2011 3:36pm Jan 29, 2011 3:36pm
Quoting bobowang
sure! that's why i think this system may work! you use 8am est, not any hour else. new york city use summer time saving system from each march or april to sept. or oct.(the exact date is different each year, we need to pay attention to it.)
maybe you know...

does this mean that NY open will be at 8am EST thew out the year or does it change. If it does what are the times?

Thanks
  • #63
  • Jan 29, 2011 3:39pm Jan 29, 2011 3:39pm
Quoting Cubbybgood
Is it possible for NY open time to change on charts?
Yes, definitely. on my mt4 chart, US open time sometimes is 14:30, sometimes is 15:30.
  • #64
  • Jan 29, 2011 3:42pm Jan 29, 2011 3:42pm
Quoting bobowang
Yes, definitely. on my mt4 chart, US open time sometimes is 14:30, sometimes is 15:30.
how did you figure this out?

on my chart 8am EST is at 15 gmt time.

I'm just trying to figure this out so I know I'm doing backtests right.
  • #65
  • Jan 29, 2011 3:45pm Jan 29, 2011 3:45pm
Quoting Cubbybgood
maybe you know...

does this mean that NY open will be at 8am EST thew out the year or does it change. If it does what are the times?

Thanks
yes! each year the exact beginning and ending date of time saving system is different. you can get it from the internet. I had it before, but I can't find it right now.
  • #66
  • Jan 29, 2011 3:47pm Jan 29, 2011 3:47pm
Quoting Cubbybgood
how did you figure this out?

on my chart 8am EST is at 15 gmt time.

I'm just trying to figure this out so I know I'm doing backtests right.
I traded several years! I used to trade npr on the first firday of each month. sometimes it's 15:30 gmt, sometimes it's 14:30 gmt.
  • #67
  • Jan 29, 2011 4:00pm Jan 29, 2011 4:00pm
8AM NY Time is 13:00 GMT during the Winter (EST) and 12:00 GMT during the Summer (EDT).
  • #68
  • Jan 29, 2011 11:12pm Jan 29, 2011 11:12pm
Quoting billbss
8AM NY Time is 13:00 GMT during the Winter (EST) and 12:00 GMT during the Summer (EDT).
Thank you, I was starting to confuse myself.
  • #69
  • Edited 11:37pm Jan 29, 2011 11:18pm | Edited 11:37pm
My backtest results for 2010-11 to 2011-01 is almost the same as cubby's. so I believe cubby is honest and great.

but when I backtested 2009-11, the month produced big negative results. maybe this system is not stable.
  • #70
  • Jan 30, 2011 12:39am Jan 30, 2011 12:39am
Hi guys,

thank you Cubby for posting the method. I wanted to chuck in with some testing, so here are my test results for July last year.

The video reply:
Inserted Video


And the test results printed into pdf:
Attached File(s)
File Type: pdf Cubby july 2010 sim test.pdf   68 KB | 543 downloads
  • #71
  • Jan 30, 2011 3:51am Jan 30, 2011 3:51am
hi all,

did someone ever think about doubling lots after the first trade went bad?
thanks
  • #72
  • Jan 30, 2011 9:48am Jan 30, 2011 9:48am
Quoting bobowang
My backtest results for 2010-11 to 2011-01 is almost the same as cubby's. so I believe cubby is honest and great.

but when I backtested 2009-11, the month produced big negative results. maybe this system is not stable.

I know, I'm wondering the same thing. Was this with the EU?

I still do not know how to use a simulator to do my backtests so I have to do it the slow way.

I know the results starting augest 2010 and before start getting weeker. I hoping that the trading of the 4 pairs will help pull out profitable weeks/months during this time.
  • #73
  • Jan 30, 2011 9:49am Jan 30, 2011 9:49am
Quoting ForexSimVids
Hi guys,

thank you Cubby for posting the method. I wanted to chuck in with some testing, so here are my test results for July last year.

The video reply:
http://www.youtube.com/watch?v=zyox_ShUBEY

And the test results printed into pdf:

Thanks for doing this!!! Very nice of you!
Anyway, to run more tests?
  • #74
  • Jan 30, 2011 11:33am Jan 30, 2011 11:33am
Hey Cubby

Im not trying to get on your case here, it may seem that way a bit as I posted on one of your other threads, nothing bad just my view on things.

This type of system must surely be doomded to failure, it relies on a set of rules that have nothing to do with trading and why people trade.

If you think you can make long term profits like this then I just dont see it.....sorry to be negative, but big banks and hedge funds and the like dont place trades based on a complex sequence of candles opening and closing times....they place trades based on whether the current price is at a level they consider will make them a huge profit. Its just a market, nothing fancy....the question is what is on sale in that market.... its "PRICE"....... if the price is right then professional traders will buy and sell. Thats how to trade forex.

Cheers


ab1
  • #75
  • Jan 30, 2011 12:02pm Jan 30, 2011 12:02pm
So... you know how to trade the market and he doesn't? hmm, interesting!

Can I ask, Are you consistently profitable? Why not point to a system thats profitable then... unless you think none exists of course... just trying to make sure I got your reason for posting straight


Quoting ab1
Hey Cubby

Im not trying to get on your case here, it may seem that way a bit as I posted on one of your other threads, nothing bad just my view on things.

This type of system must surely be doomded to failure, it relies on a set of rules that have nothing to do with trading and why people trade.

If you think you can make long term profits like this then I just dont see it.....sorry to be negative, but big banks and hedge funds and the like dont place trades based on a complex sequence of candles opening and closing times....they place...
  • #76
  • Jan 30, 2011 12:16pm Jan 30, 2011 12:16pm
Quoting dbeach777
So... you know how to trade the market and he doesn't? hmm, interesting!

Can I ask, Are you consistently profitable? Why not point to a system thats profitable then... unless you think none exists of course... just trying to make sure I got your reason for posting straight
Hi dbeach

Yes good points, I have made commensts and offered no alternative...

Im just trying to say that I dont think the answer to trading is a techinacal system....theres 1000's on here, but Ive never heard anyone making great money from one...have you ?

Im just saying indicators are usful, but are not what the main focus should be on, they are all by default lagging and therefore can only at best tell you what has happened, they do not and will never predict the future of price movement.

Everything is your best guess... my point is its better to guess sooner rather than later....

cheers


ab1
  • #77
  • Jan 30, 2011 3:15pm Jan 30, 2011 3:15pm
Quoting ab1
Hey Cubby

Im not trying to get on your case here, it may seem that way a bit as I posted on one of your other threads, nothing bad just my view on things.

This type of system must surely be doomded to failure, it relies on a set of rules that have nothing to do with trading and why people trade.

If you think you can make long term profits like this then I just dont see it.....sorry to be negative, but big banks and hedge funds and the like dont place trades based on a complex sequence of candles opening and closing times....they place trades...
Ab1,

This is the kind of criticism I really do not mind. You are not trying to be offensive or rude.

I agree with you to a certain extent.
I realized that the first hour of the NY session is where movement will start happening and when you have movement you have the possible start or continuation of trends right? I noticed that threw my testing of this system there was a natural resistance at the bottom or top of the NY open candle causing an opportunity of catching some of this movement when one or both of these resistances were broken.

I think a mechanical system can work for 6 months to a year but I think that it may have to be something that's modified every now and then to stay profitable.
  • #78
  • Jan 31, 2011 1:53pm Jan 31, 2011 1:53pm
Cubbygod,

I said over the weekebd I was trying your system today. I want to know if you had same results I did. I used the EUR/USD, GBP/USD, GBP/JPY and EUR/JPY like you said to.

For EUR/USD I had lossed of 43.6 pips. After that lossed short trade opened but is still not winning. Second trade is now at lossed around 20 pips.

For GBP/USD I had win for 16.2 pips.

For GBP/JPY I had lossed of 30 pips and second trade winned 15 pips.

For EUR/JPY I had win for 14.7 pips.

All together for today I had lossed for 27.7 pips, and have one trade still not closed yet that is around 20 pips lossed.

Do you have the same results today or am I doing anything wrong?
  • #79
  • Jan 31, 2011 2:24pm Jan 31, 2011 2:24pm
Quoting f0rexg0d
Cubbygod,

I said over the weekebd I was trying your system today. I want to know if you had same results I did. I used the EUR/USD, GBP/USD, GBP/JPY and EUR/JPY like you said to.

For EUR/USD I had lossed of 43.6 pips. After that lossed short trade opened but is still not winning. Second trade is now at lossed around 20 pips.

For GBP/USD I had win for 16.2 pips.

For GBP/JPY I had lossed of 30 pips and second trade winned 15 pips.

For EUR/JPY I had win for 14.7 pips.

All together for today I had lossed for 27.7 pips, and have one trade...

Hmm this is what I have so far....

Gj -28 then +14
GU +16
EU -41 then +20. this trade barely hit.
EJ +15

So -4 was toltal today. Not a good day I guess. Goal is to pull out a profitable week though.

I have a 1 pip spread so this alows me take my profit sooner.
  • #80
  • Jan 31, 2011 2:32pm Jan 31, 2011 2:32pm
Quoting Cubbybgood
Hmm this is what I have so far....

Gj -28 then +14
GU +16
EU -41 then +20. this trade barely hit.
EJ +15

So -4 was toltal today. Not a good day I guess. Goal is to pull out a profitable week.

I have a 1 pip spread so this alows me take my profit sooner.
OK, I wanted to make sure I'm doing it right. It looks like I am because our results are simlar. What lot size should I be using for $500 account?
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