What if I reversed all my orders? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA reversed to be separate indicators 3 replies

A statistically rare pattern/anomaly - reversed? 9 replies

Reversed Engineered Trading System 27 replies

Fibonacci Fan reversed 3 replies

add a reversed buy/sell option to the sweetspots EA 1 reply

Attachments: What if I reversed all my orders?
Exit Attachments

What if I reversed all my orders?

  • #1
  • First Post: Jul 26, 2011 2:13am Jul 26, 2011 2:13am
https://www.myfxbook.com/portfolio/b...trading/138450

Every single trade I make , hits SL !!?

What if I used trade copier EA , where it reverses my orders? I can gurantee you , that I'll never make a single +ve monthly gain.
  • #2
  • Jul 26, 2011 2:44am Jul 26, 2011 2:44am
Quoting Brb-Fraudin
https://www.myfxbook.com/portfolio/b...trading/138450

Every single trade I make , hits SL !!?

What if I used trade copier EA , where it reverses my orders? I can gurantee you , that I'll never make a single +ve monthly gain.
Try it and see, spread will kill you, or you will be lucky, either way long term you're fked

Fact is you still have no clue about why you are betting on a certain outcome and reversing the process won't change this.

Do you know how many threads have been started by that same rhetoric?

Brb-Fraudin
10K a day.


HINT: "change that 10K a day" to "Profitable" and go slow from there
Time hides Nothing
  • #3
  • Jul 26, 2011 7:56am Jul 26, 2011 7:56am
Quoting CindyXXXX
Try it and see, spread will kill you, or you will be lucky, either way long term you're fked

Fact is you still have no clue about why you are betting on a certain outcome and reversing the process won't change this.

Do you know how many threads have been started by that same rhetoric?

Brb-Fraudin
10K a day.


HINT: "change that 10K a day" to "Profitable" and go slow from there
spread and also money management kills most


also consider winning 1% then losing 1% your at break even right!?!!?!?!?!?!!?

oh your not? wait what... hmmmmmmmmm.....
  • #4
  • Jul 26, 2011 8:44am Jul 26, 2011 8:44am
Quoting newyear498
spread and also money management kills most


also consider winning 1% then losing 1% your at break even right!?!!?!?!?!?!!?

oh your not? wait what... hmmmmmmmmm.....
Look to above link. All trades moved towards SL like a magnet!! Not a single trade hit TP?

Any explanation? I mean at the same time I made my order , thousands of traders made exact decision and others made the opposite. Why ALL trades hit SL?? Why am I always on the wrong side?
  • #5
  • Jul 26, 2011 9:07am Jul 26, 2011 9:07am
Quoting Brb-Fraudin
Look to above link. All trades moved towards SL like a magnet!! Not a single trade hit TP?

Any explanation? I mean at the same time I made my order , thousands of traders made exact decision and others made the opposite. Why ALL trades hit SL?? Why am I always on the wrong side?
it tells me "You cannot access someone else's portfolio. If this is your portfolio, please login first."


and I have no idea what your trades look like.. I'm sure its all evenly distributed regarding your SL/TP ratio

My first guess is your SL are so predictable that its right with the rest of the bunch and any institution looking for a stop hunt is headed your way

but again I have no idea what your system is... I'm sure reversing it will not solve anything.. especially if your trading only on price.. then your certainly fooled by randomness

in other words if your logic is "price went up 20 then down 10 its going to go up"

idk still have no idea what your method is so I'll just not even bother
  • #6
  • Jul 26, 2011 9:24am Jul 26, 2011 9:24am
I used to have that problem. I learned three things. First, trade a small enough margin that if you get stopped out it won't hurt that much. Second, don't put your stops so close that you will certainly be stopped out by market noise. Third, work with a longer time frame. I love trading the 15m but never made any money at it. I really started doing well when I went to the daily.
  • #7
  • Jul 26, 2011 9:42am Jul 26, 2011 9:42am
Quoting Brb-Fraudin
https://www.myfxbook.com/portfolio/b...trading/138450

Every single trade I make , hits SL !!? ...
Taking a more optimistic point -

How do you know if you were not just unlucky?

What is your expected win% ?

What is a typical losing streak?

For example, someone with a 50% win/loss taking 250 trades can expect 1 run of 8 consecutive losses in those trades. Even 10 or 11 could still happen by chance and not signify anything.

e.g. Fooled by Randomness

Of course your entries could just be rubbish.
  • #8
  • Jul 26, 2011 11:07am Jul 26, 2011 11:07am
Quoting Brb-Fraudin
https://www.myfxbook.com/portfolio/b...trading/138450

Every single trade I make , hits SL !!?

What if I used trade copier EA , where it reverses my orders? I can gurantee you , that I'll never make a single +ve monthly gain.
There are just 10 trades done by you. 9 out of 10 losses. I think its too early to judge anything. At this stage you should move to low investment trading so that you can understand the market and loose less.
  • #9
  • Jul 26, 2011 12:25pm Jul 26, 2011 12:25pm
Quoting expertreview
There are just 10 trades done by you. 9 out of 10 losses. I think its too early to judge anything. At this stage you should move to low investment trading so that you can understand the market and loose less.
Hey man , that 1 win is 20 pips , I closed it manually.
Attached Image (click to enlarge)
Click to Enlarge Name: Loses.png Size: 51 KB
  • #10
  • Jul 26, 2011 2:17pm Jul 26, 2011 2:17pm
Judging by that if you keep entering the opposite of what you're thinking you can consistently make 10k a day, yes

keep it up
  • #11
  • Jul 26, 2011 4:46pm Jul 26, 2011 4:46pm
I tried to make a new thread, but i'm still too new, so anyways:

Yes,I too was (am) having that exact same problem. To be honest, all i want is to get 20 to 30 pips per day, and currently I trade an amount that would have each pip = 1 or 2 dollars.

I get so annoyed because I'm not a new trader that is trying to make 300 pips/day, but rather, I just want a little bit.

I've tried using the fibs, which are sortof helpful, I've read a few books, and the worst part, when I see something like an engulfing line pattern, preceded by a few tweezer formations, AND I trade in the direction of the market, I STILL get tossed to the SL within a few minutes. I'm up at 3AM my time, trying to catch early action, and I gotta ask myself, how many teeth need to be pulled from my head with pliers before the world says "ok, you've suffered enough"?

I mean, really, I've come very close to bursting a blood vessel, and/or punching my computer. Is it really that much to ask for a way to get 20 pips/day? If I take 20 pips @ $2 each every day, I'd be on top of the world. Later I can increase my lots sizes, and I accept that.

Well, off to smoke 3 packs. Thanks for listening.
  • #12
  • Jul 26, 2011 5:22pm Jul 26, 2011 5:22pm
Quoting Brb-Fraudin
https://www.myfxbook.com/portfolio/b...trading/138450

Every single trade I make , hits SL !!?

What if I used trade copier EA , where it reverses my orders? I can gurantee you , that I'll never make a single +ve monthly gain.
Bet $100 1,000 times on Black at the roulette and you will lose about $5263 (because of the zero and double zero).

Now, does it mean that betting on RED is better? Nope, bet $100 1,000 times on Red and you will still lose about $5263 on average.

BUT, if you can find a really, really big losing trading system, then trading the reverse might work.
  • #13
  • Jul 26, 2011 6:59pm Jul 26, 2011 6:59pm
Quoting TradingNoob
I've tried using the fibs, which are sortof helpful, I've read a few books, and the worst part, when I see something like an engulfing line pattern, preceded by a few tweezer formations, AND I trade in the direction of the market, I STILL get tossed to the SL within a few minutes. I'm up at 3AM my time, trying to catch early action, and I gotta ask myself, how many teeth need to be pulled from my head with pliers before the world says "ok, you've suffered enough"?

... Is it really that much to ask for a way to get 20 pips/day?.
But what is your edge? What is it that you know that most other traders do not? Why do you think that a candlestick pattern will make you money. Because it said so in a book?

Think about it this way - you are asking for another trader somewhere to give you 20 pips/day. Trading is competitive, every day the smarter, faster, better prepared traders take money from the rest.
  • #14
  • Jul 26, 2011 7:29pm Jul 26, 2011 7:29pm
Quote
But what is your edge? What is it that you know that most other traders do not? Why do you think that a candlestick pattern will make you money. Because it said so in a book?

Think about it this way - you are asking for another trader somewhere to give you 20 pips/day. Trading is competitive, every day the smarter, faster, better prepared traders take money from the rest.

Good point. My post did sound a bit depressing, so sorry about that. To answer your question, no, i don't trade simply because of what i read in a book. To sum up, I'm simply trying to trade with the trend, and the candles are a good indicator, but I try to use some common sense. Still, I seem to lose more than I win,and it's really frustration, though I do "attempt" to keep emotions in check and smile. But as for my edge, I don't really have one; i'm not trying to outperform top hedgefunds or anything like that.
  • #15
  • Jul 27, 2011 2:47am Jul 27, 2011 2:47am
Quoting TradingNoob
Good point. My post did sound a bit depressing, so sorry about that. To answer your question, no, i don't trade simply because of what i read in a book. To sum up, I'm simply trying to trade with the trend, and the candles are a good indicator, but I try to use some common sense. Still, I seem to lose more than I win,and it's really frustration, though I do "attempt" to keep emotions in check and smile. But as for my edge, I don't really have one; i'm not trying to outperform top hedgefunds or anything like that.
An edge is a positive expectancy system that will bring you profits over the long-term. Doesn't have anything to do with hedge funds.

And it seems that you don't have such a system, else you would be making money.
  • #16
  • Jul 27, 2011 3:36am Jul 27, 2011 3:36am
as someone new in Forex, its really important to remember to start small...better to make smaller investments and really learn the trade. And just stay positive!

Happy Trading!
  • #17
  • Jul 27, 2011 3:51am Jul 27, 2011 3:51am
Quoting TradingNoob
... I'm simply trying to trade with the trend, and the candles are a good indicator, but I try to use some common sense. Still, I seem to lose more than I win...
Why do you think that is? Are your stops too tight?
  • #18
  • Edited 6:03am Jul 27, 2011 5:33am | Edited 6:03am
Quote
Why do you think that is? Are your stops too tight?
That may be, but i'm usually about 15 pips SL, 25 TP, so I'm not sure if that is too tight.

http://i.imgur.com/m7T9W.jpg
EDIT: here's a chart, dollarcad, 15 min, and I said to myself, ok, there's a bit of a downtrend, indicated by the two green lines, and what I believed to be some tweezers, so I went short. Now, had I held that until 0400, I would have made it, but my stop, 15 pips, got tagged (red dot). So, as a NoobTrader, any advice? Apart from "don't do what you did there". Also, lol.
  • #19
  • Jul 27, 2011 9:31am Jul 27, 2011 9:31am
Quoting TradingNoob
That may be, but i'm usually about 15 pips SL, 25 TP, so I'm not sure if that is too tight.

http://i.imgur.com/m7T9W.jpg
EDIT: here's a chart, dollarcad, 15 min, and I said to myself, ok, there's a bit of a downtrend, indicated by the two green lines, and what I believed to be some tweezers, so I went short. Now, had I held that until 0400, I would have made it, but my stop, 15 pips, got tagged (red dot). So, as a NoobTrader, any advice? Apart from "don't do what you did there". Also, lol.

...
Here's my advice -

 

  1. Markets are range bound 70-80% of the time.
  2. Step back a bit and try to identify ranges. Areas where price moves back and forth between 2 horizontal levels.
  3. When the market moves outside that range then the market may be trending. Now start looking for entries in the direction of the trend (I'm not recommending buying breakouts but that can work)

Every up and down movement is not a trend its mostly just chop within a larger range. What you've done is try to make a trade in chop and as you saw it market went up a bit and down a bit after your entry in a pretty unpredictable manner.

  • #20
  • Jul 27, 2011 11:00am Jul 27, 2011 11:00am
Quoting Brb-Fraudin
https://www.myfxbook.com/portfolio/b...trading/138450

Every single trade I make , hits SL !!?

What if I used trade copier EA , where it reverses my orders? I can gurantee you , that I'll never make a single +ve monthly gain.

check if your stoploss is too tight. Check visually the trade and analyze if it is wrong entry or slow entry or wrong order management.
0 traders viewing now