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95% winners live test

  • #141
  • Jul 29, 2011 6:31am Jul 29, 2011 6:31am
So get this guys. My trade that hit SL hit a total of about 100 pips DD before reversing! I was so close!! To bad....got to hate when that happens. My profit would have been hit if I could have taken a 105 DD.

Better luck next time.

Cubby.
  • #142
  • Jul 29, 2011 7:53am Jul 29, 2011 7:53am
Quoting Cubbybgood
I'll be posting the system on the first post later this afternoon. I hope all of you benifit from it in one way or another.

See you later this afternoon with some pics, info and attachments!
Cubbybgood, it is very nice of you! You're the man!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #143
  • Jul 29, 2011 9:35am Jul 29, 2011 9:35am
Quoting stevegee58
I agree. IB is a really really good br0ker but without MetaTrader you won't see anything posted here on FF about them.
I guess that most MetaTrader brokers are a scam. A new statistic shows that 50% of Oanda accounts are profitable, but only 10% - 20% of MT accounts. There must be a reason for this discrepancy.

Quoting stevegee58
Most of my money is with IB and I've been able to write my own automated trading systems in C++ using their API.
C++ and then their crappy API - that is the hard way
I did the same with Java but it was not easy either.
I later found out that C# with OpenQuant is a lot smarter. This allowed me to avoid their ugly API.

Quoting stevegee58
But it's not nearly as convenient as MetaTrader.
That is definitely true. But I use MultiCharts with IB. It is a lot more powerful and even more convenient than MetaTrader - for example, I do BID and ASK based backtests of my scalping systems with it.
With the new version MC 7 I have even started to use it for manual scalping from a 5-second chart.

Quoting stevegee58
BTW I don't trade forex with IB. Most of my trading activity is with stock and index options. Options seems to be the only way I've found to really make money in the markets.
Interesting. Would you mind sharing some insights about this?
  • #144
  • Jul 29, 2011 11:00am Jul 29, 2011 11:00am
Quoting Cubbybgood
So get this guys. My trade that hit SL hit a total of about 100 pips DD before reversing! I was so close!! To bad....got to hate when that happens. My profit would have been hit if I could have taken a 105 DD.

Better luck next time.

Cubby.
Hi Cubby,

This is my first post here, I always read all the thread before posting anything.
Thank you for sharing your non conventional money management. ThereŽs a lot of closed mind people, a system is profitable according to % wins and R:R like StrategyCode said, so I agree with you.

IŽll be following you with great interest.

Thanks again
  • #145
  • Jul 29, 2011 12:06pm Jul 29, 2011 12:06pm
Cubby, to steal a title from Mr. Hopwood you have balls of steel. Not many mouths on this or other forums that are willing to put up a bunch of real money and take a chance on their system in front of everyone. Money earned from other systems you have shared no less. Regardless of the result, kudos to you for having the conviction in your trading methods to take the chance and you have gained an admirer who will always follow your threads.

However, you surely dodged another bullet. If this had been an EA, you would already have had masses of people headed for the clickbank refund screen. LOL. You have to remember that 90 some percent of the people out there are going to blow an account and come looking for refunds or someone to shoot at because it just ain't their fault. Most people who trade bots don't take responsibility for their wins and losses and when the holy grail I just bought fails.....uhm yes, I'd like to return this broken grail.....I don't really understand how it trades but it didn't work....

Anyway I am excited to hear you are going to share your idea. There are so many good minds on here I'm sure more good benefits will come to you, your system and all of us forex peons fighting our brokers just to make some money.
  • #146
  • Jul 29, 2011 12:10pm Jul 29, 2011 12:10pm
Quoting Cubbybgood
I'm on the road so I have strange hours. Lol.

I'll be posting the system on the first post later this afternoon. I hope all of you benifit from it in one way or another.

See you later this afternoon with some pics, info and attachments!

By the way, always test your brokers first because a lot of times they can be like casinos and won't pay out.

Cubby
Don't get me wrong but before you give it to us all i have to ask you: why would you do it?

If it's the one that makes money for you why not giving it just to your loved&close ones? You'll just generate problems for yourself (other posters already mentioned it).

Of course, if you want the community response and improvements that's a whole different story and in that case i understand your decision.
big numbers are our friends...
  • #147
  • Jul 29, 2011 12:57pm Jul 29, 2011 12:57pm
Quoting deeZG
Don't get me wrong but before you give it to us all i have to ask you: why would you do it?

If it's the one that makes money for you why not giving it just to your loved&close ones? You'll just generate problems for yourself (other posters already mentioned it).

Of course, if you want the community response and improvements that's a whole different story and in that case i understand your decision.
well, the thing is I consider my a decently nice guy. I do want to help people with there trading because there are so many people out there that just lose money.

I think there is some improvemnt to be made here with the system. Some may take the system and run. Others may stay to try to improve it.

I'm working on posting it as we speek....

Cubby
  • #148
  • Jul 29, 2011 1:45pm Jul 29, 2011 1:45pm
I can't wait for the system to be posted. I think it will help many people.

Quoting Cubbybgood
well, the thing is I consider my a decently nice guy. I do want to help people with there trading because there are so many people out there that just lose money.

I think there is some improvemnt to be made here with the system. Some may take the system and run. Others may stay to try to improve it.

I'm working on posting it as we speek....

Cubby
Changing my life one pip at a time!
  • #149
  • Jul 29, 2011 2:05pm Jul 29, 2011 2:05pm
Quoting StayFocused
I can't wait for the system to be posted. I think it will help many people.

It's posted!

Thanks everybody for the support!

Cubby
  • #150
  • Jul 29, 2011 2:15pm Jul 29, 2011 2:15pm
Thanks so much for posting the system. I'm going to read it and then post any questions or suggestions I may have. If everybody supports each othe, no reason why we can't make some nice cash.

Quoting Cubbybgood
It's posted!

Thanks everybody for the support!

Cubby
Changing my life one pip at a time!
  • #151
  • Jul 29, 2011 2:25pm Jul 29, 2011 2:25pm
Thanks for posting, Cubby!
  • #152
  • Jul 29, 2011 2:26pm Jul 29, 2011 2:26pm
Quoting Cubbybgood
It's posted!

Thanks everybody for the support!

Cubby
OK, I got it.
I'll leave a comment so we can start a discussion if you like. Just a note, all comments that i'm gonna make are in friendly manner.

I trade something similar but much less 'mechanical'. This system is a combination of TOD (Time Of Day) trading + swing trading on different time frames.

One thing that i see as a flaw of mechanical use of the system is for example on your first chart. You just take a look at EMAs without considering actual price action and what you get is a wrong conclusion that you have downtrend on H1 but actually you don't. At that moment H1 downtrend is already finished. Having that on mind, just take a look at that chart and think how much could you gain looking for, according to your system, not down swing but up swing on M15 TF?

This system actually implements idea of aligning EMAs on different TFs. Or, in other words, buying dips on lower TFs within higher TFs uptrends and vice versa for downtrends. For this kind of a system I would recommend paying more attention on price action as well. I'm saying this with a specific reason: I have experience trading TOD + aligning multiple timeframes but my r:R ratio is always at least 3:1 in favor of Reward, of course. So, i think that with putting things in context a little bit more this system has a great potential.

Good luck!
big numbers are our friends...
  • #153
  • Jul 29, 2011 2:29pm Jul 29, 2011 2:29pm
Quoting deeZG
i'd guess you use some kind of a strategy that aligns moving averages across multiple timeframes (5, 15, 1hr e.g.) and once the lowest TF aligns with higher ones you take the shot. it might be combined with some kind of a breakthrough strategy (inner pinbars or something like that).
This is what I had on mind when I posted this one:
http://businessxtras.com/this-simple...ly-profitable/

And your strategy makes use of that in a way.
big numbers are our friends...
  • #154
  • Jul 29, 2011 2:39pm Jul 29, 2011 2:39pm
After looking at the first set of charts something popped in my mind that I want to throw out there to see what others may think.

The idea I have is that maybe it would be even more profitable if you were to stay in the trade (system without the mod) until you get another flexibar arrow pointing in the opposite direction.

So if your trade is a long trade, rather than exit with 10 pips, you can stay in the trade until you get a red arrow on the 15min chart and then close out the trade.

Cubby have you tested this in the past or thought about this before?

Just something that popped in my mind as I was looking at the charts.
Changing my life one pip at a time!
  • #155
  • Jul 29, 2011 2:46pm Jul 29, 2011 2:46pm
Hi Cubby,

I think you need more (indicator) confirmation for the 1 hour trend continuation on the 15m timeframe. The flexibar alone just won't cut it, it gives a lot of false signals. example: only take the trade when the 15m parabolic SAR also suggests a continuation of the longer term trend. You don't want to get caught at the end of the longer term trend if the flexibar pattern fails..

I would also suggest using other well known high probability reversal patterns instead of only using the flexibar as a signal. pSar and/or stochastics can back up those reversal patterns, they won't give any delays since they are leading indicators. In fact, the patterns should actually be used as a confirmation of the indicator signals, not as a trigger..

What do you think about that? And how do you feel about stoploss placement just above/below the reversal pattern to increase risk:reward? Getting out of the trade (with profit) can again be triggered by a reversal in the opposite direction of the psar in the 15m window.
  • #156
  • Jul 29, 2011 2:58pm Jul 29, 2011 2:58pm
Quoting StayFocused
After looking at the first set of charts something popped in my mind that I want to throw out there to see what others may think.

The idea I have is that maybe it would be even more profitable if you were to stay in the trade (system without the mod) until you get another flexibar arrow pointing in the opposite direction.

So if your trade is a long trade, rather than exit with 10 pips, you can stay in the trade until you get a red arrow on the 15min chart and then close out the trade.

Cubby have you tested this in the past or thought about...

I have thought of this. did a little testing. Showed good profit but was not sure where to put SL. We can leave it at 100 pips. It showed some good trades though. There's a lot of profitable posibilities with the system as you will see. Just dont over trade.

Cubby
  • #157
  • Jul 29, 2011 3:04pm Jul 29, 2011 3:04pm
Quoting StrategyCode
Hi Cubby,

I think you need more (indicator) confirmation for the 1 hour trend continuation on the 15m timeframe. The flexibar alone just won't cut it, it gives a lot of false signals. example: only take the trade when the 15m parabolic SAR also suggests a continuation of the longer term trend. You don't want to get caught at the end of the longer term trend if the flexibar pattern fails..

I would also suggest using other well known high probability reversal patterns instead of only using the flexibar as a signal. pSar and/or stochastics...

I agree with you strategycoder.


That's why in the mod I did away with the flexi. It can give good signals but false ones can be a problem. Evey indicator gives false signals though.

It's hard to find the right indicator as an entry signal. I liked how the flexi showed quick entry's with not a lot of lag. This is important with the system sense it's almost a scalper.


I also agree that we could have an alternative source to my trend ema's on the 1 hour. Any suggestions? S/R?, Trend lines? These are reliable but not all the time just as my ema's are not.


Is there an indicator that can show us a more accurate trend?


Cubby
  • #158
  • Jul 29, 2011 3:08pm Jul 29, 2011 3:08pm
Quoting Cubbybgood
I also agree that we could have an alternative source to my trend ema's on the 1 hour. Any suggestions? S/R?, Trend lines? These are reliable but not all the time just as my ema's are not.
UPTrend is a series od HLs and HHs. Once you don't have them, you have to think about reversal. Especially if it starts making lower ones (and vice versa for down trend). Trend lines might be of help here but still you need to watch highs and lows. At least I do it that way.

SL is always below last low (in downtrend reversal) or last high (in uptrend reversal).
big numbers are our friends...
  • #159
  • Jul 29, 2011 3:10pm Jul 29, 2011 3:10pm
Also guys...

My system may seem different to many of you. it's because when I started thinking out of the box things started working... I mean I started profiting. Doing different things then other traders are can be a positive thing.

Keep this in mind.

Cubby
  • #160
  • Jul 29, 2011 3:37pm Jul 29, 2011 3:37pm
Come to think of it. There are so many trend indicators or ways to find the trend. We all have are own ways. If there was one magical way we would be all using it right?

Use what you think best for the 1 hour trend but also be aware that you statistics and win% will change if you use other methods or indicators. Hopefully it's more positive but if it's not I dont want people complaining to me that this is a crappy system because they tried to morf it and it didnt work. Only blame me if you tride my system as I tested it and it didnt work.

I'm for exploring the system. Just don't say it doesn't work if you didnt trade it as intended. This was one of the things I was worried about sharing the system.

I know you guys will probably not do this but I thought I would put it out there just incase.

By the way, I will be starting live again on monday using system 1 mod. I will be using pretty high risk. There is way way less risk when it comes to SL size invalved in the mod so that's what I'll be using.

Cubby
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