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  • #141
  • Aug 10, 2011 6:22pm Aug 10, 2011 6:22pm
Quoting jmw1970
it's impossible to run a script without opening a chart

scripts, ea's and indicators all require at least one chart
I was thinking of totally zero chart trading

Anyway...Do you have that script?
The one that I have here doesn't seems to work
Lets make some green pips
  • #142
  • Aug 10, 2011 6:30pm Aug 10, 2011 6:30pm
this has such a script (first post)

http://www.forexfactory.com/showthread.php?t=193727



Quoting 4rx
I was thinking of totally zero chart trading

Anyway...Do you have that script?
The one that I have here doesn't seems to work
  • #143
  • Aug 10, 2011 6:53pm Aug 10, 2011 6:53pm
Quoting jmw1970
this has such a script (first post)

http://www.forexfactory.com/showthread.php?t=193727
Nice...thanks buddy
Lets make some green pips
  • #144
  • Aug 10, 2011 7:05pm Aug 10, 2011 7:05pm
Quoting zznbrm

Also, it is interesting that so many folks are trying to change a system that they have not proven to be unprofitable.
I guess us folks are just taking FB's original idea and suiting it to our own style.

Although, I did agree yesterday that we all should give his original plan a shot before we decide if we can handle the draw down size compared to the large profits that could be made.

I wouldn't trade this live yet until we can see the original method surviving the post global-CHF overvaluation that we are currently seeing.

Someone here said that this is a trend following system, and that's why we are seeing fantastic results across the CHF and JPY pairs.

We will see what happens in the months to come... yes months everyone, this Euro Zone and US debt crisis' will not die down that quickly.

Just my thoughts,
Mike.
  • #145
  • Aug 10, 2011 7:28pm Aug 10, 2011 7:28pm
Quoting aldaped
Where this 102 post??I can not find this,please Help me???
Please read posts clearly before you post questions that were answered
  • #146
  • Aug 10, 2011 8:03pm Aug 10, 2011 8:03pm
Quoting the-game
I guess us folks are just taking FB's original idea and suiting it to our own style.

Although, I did agree yesterday that we all should give his original plan a shot before we decide if we can handle the draw down size compared to the large profits that could be made.
Mike,

Yes, I agree with you.

I've backtested for the past 10 weeks. Tried to follow Post 1 rules, but I did use my own calculations for the percent change. I did this since I do not know the exact calculation the Forex Army website uses. They could be throwing darts at a dartboard for all we know.

It really goes without saying...results will vary greatly depending on the percent change calculations, how far back you go for your reference prices, and when/how often you cut losing trades.

Anyway, there is lots of data to verify. The preliminary results are mixed to say the least. Weeks that looked pretty bad are 6/6/2011, 6/27/2011, and 7/18/2011.

Hopefully everyone will come up with some combination of criteria that will suit their accounts.

Good luck...zznbrm
  • #147
  • Aug 10, 2011 8:13pm Aug 10, 2011 8:13pm
Quoting the-game
I guess us folks are just taking FB's original idea and suiting it to our own style.

Although, I did agree yesterday that we all should give his original plan a shot before we decide if we can handle the draw down size compared to the large profits that could be made.

I wouldn't trade this live yet until we can see the original method surviving the post global-CHF overvaluation that we are currently seeing.

Someone here said that this is a trend following system, and that's why we are seeing fantastic results across the CHF and JPY pairs....
My thoughts exactly. Nothing wrong with changing the system to suite your own ideas and risk appetite. Just hoping we dont get 500 posters adding this and that indicator. Simple is always better.

I am comparing two seperate time frames (4 week/1 week) and trading only the pairs that match up with both. Also limiting the exposure of each currency ( dont see the point of having 7 seperate xxx/jpy short trades). So baskets will be smaller. maybe 12-16 pairs.

Also have to wrap my mind around the MM aspect. I see people saying they are up up 16-25% in one or two days. That alone scares the crap out of me. If it can go up that much it can go down that much and more.

This week has been good as most currencies are conforming to the longer term trend. Will be interesting to see how systems hold up when the opposite happens.

And hello to my old "phantom" buddies (Caillou, The-game,Charvo, zznbrm) Guess basket trading is still in your blood.
  • #148
  • Aug 10, 2011 8:26pm Aug 10, 2011 8:26pm
Hehe, I really am "Phantom" - I'm always Invisible
  • #149
  • Aug 10, 2011 8:53pm Aug 10, 2011 8:53pm
which time period do you select when you go look at the calculator ?
  • #150
  • Aug 10, 2011 9:14pm Aug 10, 2011 9:14pm
Quoting ttaro27
which time period do you select when you go look at the calculator ?
All in the first post.

Example for this week:
Monday 30 May 2011 - to - Monday 8 Aug 2011
  • #151
  • Edited Aug 11, 2011 12:23am Aug 10, 2011 9:44pm | Edited Aug 11, 2011 12:23am
To FBforex,

This system is looks sound interesting.

I am also a one of the member who trade basket everyday with the relative strength of last two 4 hour .

I will try your system next week and let you know.

thanks for your detail explanation and order list .

try to show your basket order daily with the cutting losss so we new also compare with our basket.

Thanks again.

Umpats
  • #152
  • Aug 10, 2011 11:16pm Aug 10, 2011 11:16pm
How are you doing, Thorn! and hello to Caillou, zz, and the-game too.

I came here also feeling this is sort of similar to phantom's logic:

evenly spread out the risk over the "time" (FB is doing at the end of every day, cutting losers, and let the profit run, that's it)

let's see.

btw, i have been LIVE with phantom6 for half a yr now. still struggling, a period of profit followed by a "half-death" basket, not sure what to do......

Quoting thorn
And hello to my old "phantom" buddies (Caillou, The-game,Charvo, zznbrm) Guess basket trading is still in your blood.
  • #153
  • Aug 10, 2011 11:36pm Aug 10, 2011 11:36pm
Quoting charvo
How are you doing, Thorn! and hello to Caillou, zz, and the-game too.

I came here also feeling this is sort of similar to phantom's logic:

evenly spread out the risk over the "time" (FB is doing at the end of every day, cutting losers, and let the profit run, that's it)

let's see.

btw, i have been LIVE with phantom6 for half a yr now. still struggling, a period of profit followed by a "half-death" basket, not sure what to do......
As good as MC's EAs were, they lacked the intuition that humans have.
My advice would be to forget using the EA.
Maybe if you want to try an recover your LIVE funds, you could try trading this method with the smallest lots on your LIVE account - just saying.
  • #154
  • Aug 11, 2011 12:20am Aug 11, 2011 12:20am
Quoting the-game
As good as MC's EAs were, they lacked the intuition that humans have.
My advice would be to forget using the EA.
Maybe if you want to try an recover your LIVE funds, you could try trading this method with the smallest lots on your LIVE account - just saying.
Yes, hello to Thorn, Zz, Charvo, the-Game.....obviously, we have a really similar way of trading. Personally, I finished really burnt with phantoms, so much time, so much tests......I have definetively taken off this idea but I´m sure one day, like you, I will be profitable in the long run with constancy......

For sure, goog weeks with this system will be great, let´s hope that ranging weeks give us a weekly DD smaller than weekly profits by cutting losses everyday....
  • #155
  • Aug 11, 2011 12:47am Aug 11, 2011 12:47am
Hey everybody, Good morning to you all!

Will be few posts from me today... not much time
But will keep posting the daily end of day open trades.

I noticed that most of you are trading 0.1 lotsize just like me. I want to point out that 0.1 lotsize probably is way to high trading this many pair at once!

I really think 0.01 lotsize per 10.000 account equity is more suited to this style of trading, but trading higher lotsizes amplifies the results so it's more obvious how the system is performing from week to week.

Expect to blow a few demo accounts along the way

Had some interesting ideas last night about money management, have to put everyting on paper first but will likely be posting them in the near future.

Have a great day everyone!
  • #156
  • Aug 11, 2011 1:18am Aug 11, 2011 1:18am
Quoting FBForex
Hey everybody, Good morning to you all!

Will be few posts from me today... not much time
But will keep posting the daily end of day open trades.

I noticed that most of you are trading 0.1 lotsize just like me. I want to point out that 0.1 lotsize probably is way to high trading this many pair at once!

I really think 0.01 lotsize per 10.000 account equity is more suited to this style of trading, but trading higher lotsizes amplifies the results so it's more obvious how the system is performing from week to week.

Expect to blow a few demo...
Have a great day you too!!!
  • #157
  • Aug 11, 2011 2:33am Aug 11, 2011 2:33am
thanks for the idea. i will like to join the demo too, but FB ,CALLIOU and the rest demoing the system, what is the best account size in dollars to start 0.01 or 0.02 lot size, $500, $1000, $2000,. i am poor in calculating lots size, please help. my brokers pair is up to 32.
Also, how many pairs do you think will be good to trade. i think we should concentrate on fixed numbers of pairs since we have diffrent brokers. FB started with 8 major but now i can see different numbers of pairs. What do you all think so that we can join on monday?
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #158
  • Aug 11, 2011 2:37am Aug 11, 2011 2:37am

Hi again,


I have extracted one rule of Mr Goslin's three 'rules' of trading from Trendy Steve´s thread:



"2. Continuity is more likely than change:

In other words, once a trend is established, it is likely to continue for long periods of time. A market may have hit an all-time high or low and Rsi may have been reading overbought/sold for weeks; this does not mean the trend is going to reverse any time soon. It might, because that is the nature of the market; more likely is that a retrace will be just that and eventually the trend will resume."


I think this is the core of FBForex´s system.


  • #159
  • Aug 11, 2011 2:59am Aug 11, 2011 2:59am
Quoting Caillou

Hi again,


I have extracted one rule of Mr Goslin's three 'rules' of trading from Trendy Steve´s thread:



"2. Continuity is more likely than change:
[left][font=ArialMT]In other words, once a trend is established, it is likely to continue for long periods of time. A market may have hit an all-time high or low and Rsi may have been reading overbought/sold for weeks; this...
Isn't that also Newton's first law of motion?
  • #160
  • Aug 11, 2011 3:03am Aug 11, 2011 3:03am
I could not tell if anyone picked up on this in earlier posts. I found it while navigating around on the forex army Currency Strength calculator page. You can reach it directly from here or by navigating from the page the strength tool is on. Sorry if it is old news . Shows a graph and you can toggle to text.

http://www.forexpeacearmy.com/trader...currency_index
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