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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #5,081
  • Oct 25, 2011 11:18am Oct 25, 2011 11:18am
Quoting PipKiller
Reuters: Don’t expect numbers after tomorrow’s summit

Written by Jamie Coleman
October 25, 2011 at 14:54 GMT



[list][*]Not clear if leaders will indicate size of bank recapitalization plan[*]Unlikely leaders will give number for increased EFSF firepower[*]Not clear if size...
And yet the market wants to rally higher and bring the Euro with it, man, I cannot wait for the ECB to start lowering rates so this damn risk on euro rises risk off euro sinks trade decouples.
Yay! Pips for everyone!
  • #5,082
  • Oct 25, 2011 11:20am Oct 25, 2011 11:20am
Quoting PipTrapper
I believe I have a scalping system that is working.
I will not divulge it yet because I want to write the ea and back test it over a 2 year period this coming weekend.
However, so far today I have a 5% return.
Obviously I am doing this in a separate account with only $100 capital
Probably should point out that today was not a normal day
Kill the ego, or it will kill the mission.
  • #5,083
  • Oct 25, 2011 11:22am Oct 25, 2011 11:22am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
I believe I have a scalping system that is working.
I will not divulge it yet because I want to write the ea and back test it over a 2 year period this coming weekend.
However, so far today I have a 5% return.
Obviously I am doing this in a separate account with only $100 capital
There is a brokers where you can test your strategies with cent account where 1000 eur equals 100000 in your balance. So 1 euro is worth a cent. Use that for testing.
  • #5,084
  • Oct 25, 2011 11:29am Oct 25, 2011 11:29am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting AaronWard
Probably should point out that today was not a normal day
Yup - good scalping robot don't care about markets. It keeps making profit no matter what happens in a market. Only way to achieve that is a robot that reacts in a volatility and chance it's way of making profit.
  • #5,085
  • Oct 25, 2011 11:30am Oct 25, 2011 11:30am
Quoting AFXFin
There is a brokers where you can test your strategies with cent account where 1000 eur equals 100000 in your balance. So 1 euro is worth a cent. Use that for testing.
Yes I am aware of that. I will back test in strategy tester this weekend first.. then we see if my gains today are just a result of a non-behaving market.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,086
  • Oct 25, 2011 11:31am Oct 25, 2011 11:31am
Juncker expects a final, ground-breaking deal tomorrow
I don't care which way the market is going as long as it's going my way
  • #5,087
  • Oct 25, 2011 11:37am Oct 25, 2011 11:37am
Quoting PipKiller
Juncker expects a final, ground-breaking deal tomorrow
Yes I see a ground breaking deal also... and that will be final

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Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #5,088
  • Oct 25, 2011 11:40am Oct 25, 2011 11:40am
Hmm, I will give you roboguys another point of view. Backtesting has only very limited outcome, as market evolves and noone was able to build a bot which works in long term. If he did, he would already dominated world. So point of botting is in evolving your bot. Be glad it works, and evolve it all the time.

T
"I know one thing, that I know nothing." Sokrates
  • #5,089
  • Oct 25, 2011 11:44am Oct 25, 2011 11:44am
Quoting PipTrapper
Yes I see a ground breaking deal also... and that will be final

.
Nice jokes guys. You are really improving my evening.
"I know one thing, that I know nothing." Sokrates
  • #5,090
  • Oct 25, 2011 11:45am Oct 25, 2011 11:45am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting Tom_D_Trader
Hmm, I will give you roboguys another point of view. Backtesting has only very limited outcome, as market evolves and noone was able to build a bot which works in long term. If he did, he would already dominated world. So point of botting is in evolving your bot. Be glad it works, and evolve it all the time.

T
Quite true. Markets will change. If I recall right there was a ea called firebird(?) which worked fine for a time but for some reason it is not working any longer.
  • #5,091
  • Oct 25, 2011 11:46am Oct 25, 2011 11:46am
Quoting Tom_D_Trader
Hmm, I will give you roboguys another point of view. Backtesting has only very limited outcome, as market evolves and noone was able to build a bot which works in long term. If he did, he would already dominated world. So point of botting is in evolving your bot. Be glad it works, and evolve it all the time.

T
I agree that back testing does not guarantee future success. However, the strategy worked today and yesterday and it's not in a bot but it is simple enough to make it one. I traded it manually. A bot would have executed much faster and been able to capture many more pips than I did.

The problem with most robot programmers is that they tune it to fit their back tests so they can show the best results to sell it.
I do not plan to sell this. I am doing it to use it myself and if it works I intend to share it with all of you... no charge
Those who say it cannot be done should not interrupt those who are doing it
  • #5,092
  • Oct 25, 2011 11:58am Oct 25, 2011 11:58am
Quoting PipTrapper
The problem with most robot programmers is that they tune it to fit their back tests so they can show the best results to sell it.
I do not plan to sell this. I am doing it to use it myself and if it works I intend to share it with all of you... no charge
Wut? Noone does that! . Well, thats what I did as a final work at University. Tuned technical usage of Stoch, MACD and couple of MAs on Equity markets, so it seemed it is producing 70% profit a year. And I passed, what a surprise.

T.
"I know one thing, that I know nothing." Sokrates
  • #5,093
  • Oct 25, 2011 12:00pm Oct 25, 2011 12:00pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
My collague tested a strategy for a year - in live test account. Finally he decided to take it alive, even though all members of group didn't fully agree, he got his green light from management. 2 Weeks and strategy collapsed and he lost 40 000 eur a day. Everybody should remember chf...
  • #5,094
  • Edited 12:17pm Oct 25, 2011 12:04pm | Edited 12:17pm
USD/JPY moved

edit; maybe nothing
  • #5,095
  • Oct 25, 2011 12:05pm Oct 25, 2011 12:05pm
Quoting AFXFin
My collague tested a strategy for a year - in live test account. Finally he decided to take it alive, even though all members of group didn't fully agree, he got his green light from management. 2 Weeks and strategy collapsed and he lost 40 000 eur a day. Everybody should remember chf...
This is the problem with all mechanical systems. There will be at least one type of market, if not a number of types of markets where they will lose money.
Kill the ego, or it will kill the mission.
  • #5,096
  • Oct 25, 2011 12:09pm Oct 25, 2011 12:09pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting AaronWard
This is the problem with all mechanical systems. There will be at least one type of market, if not a number of types of markets where they will lose money.
More stable the market, less unpredicted situations. Eurusd can not be manipulated same way as eurchf.
  • #5,097
  • Oct 25, 2011 12:13pm Oct 25, 2011 12:13pm
Quoting AFXFin
More stable the market, less unpredicted situations. Eurusd can not be manipulated same way as eurchf.
Hmmm....

Anyway, Eur/usd is a crazy cross. Everybody will tell you so. Just look at today.
Kill the ego, or it will kill the mission.
  • #5,098
  • Oct 25, 2011 12:15pm Oct 25, 2011 12:15pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting AaronWard
Hmmm....

Anyway, Eur/usd is a crazy cross. Everybody will tell you so. Just look at today.
That is market reactions - not even close to wildest i've seen. Anyone remember 2008 fall?
  • #5,099
  • Oct 25, 2011 12:20pm Oct 25, 2011 12:20pm
Quoting AFXFin
More stable the market, less unpredicted situations. Eurusd can not be manipulated same way as eurchf.
One of the factor that am consider to short EU is EurChf
Personaly am more believe what am see in the chart rather than what the News said this and that

Look the Eurchf pattern,that pattern dont support long for Eurchf at all and seems like Eurchf waiting Sell power from EU to push it down,I wont short but am would prefer buy Dips,Like to see how it play tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: EC Daily.png Size: 33 KB
If there was easy money lying around,no one would be forcing it into your
  • #5,100
  • Oct 25, 2011 12:27pm Oct 25, 2011 12:27pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting FXMindset
One of the factor that am consider to short EU is EurChf
Personaly am more believe what am see in the chart rather than what the News said this and that

Look the Eurchf pattern,that pattern dont support long for Eurchf at all and seems like Eurchf waiting Sell power from EU to push it down,I wont short but am would prefer buy Dips,Like to see how it play tomorrow
yep, I wonder will swiss central bank be able to keep 1.2 level way they declared. Has anyone heard anything new about those 1.3 rumours?

Anyway my wife do not appreciate forex chatting or forex at all at home, so I will retire and wait for tomorrows news. Good night.
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