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The Really Useless Thread

  • #50,701
  • Jan 26, 2012 8:36am Jan 26, 2012 8:36am
Quoting darimik
the problem with value however.. is that the whole financial sector is too volatile to changes in macro numbers. therefore models fail to predict/calculate value. some success is with overshooting models, but even then it sucks. the best that was agreed on was a direction. and even that can be a stretch.
It's not really that kind of value I was referring to. I would like to say a lot more, but it seems everybody is keeping their edge close to the vest, so I'll probably do the same. It's a pity, because with so much knowledge and experience here, we could come up with a super system... But hey, every man for himself seems like...
  • #50,702
  • Jan 26, 2012 8:37am Jan 26, 2012 8:37am
Quoting Venice
I'm currently working on an indicator strictly based off of the candle body closes...

if close > previous candles MAX(open/close), bullish
if close < previous candles MIN(open/close), bearish

Also have a different version that in order for it to switch directional bias, (lets say from going long to short) that it has to close below the open of the last occuring bull bar, rather then just the previous bar.

Should be able to turn it into an EA. It gets whipped around a few times though as well. Biggest thing is avoiding buying into supply or selling...
V,

I am very different to most people and it reflects into my trading style, one thing which makes my ship running year after year is just because i walk my own paths and I only respect people who do the same.

Being an outstander is not what I am talking about but if there is no creativity you are a sheep. And if you are creative enough you will see different paths one time or another... You my friend, are not a sheep: and I have said this before and I say it again: kudos!

Now, down to the cold hard cash, I dont think anything which is done consistently (indicators based on formulas etc.) works out in trading, yes it can work for a longer time but it will always fail: just bear that in mind when you notice the same thing the only good thing with EAs is when you can tweak them, like architects, they have to know how to draw by hand or at lest draw the lines with ease before they put it on the computer screen...

couple of centzzz
  • #50,703
  • Jan 26, 2012 8:40am Jan 26, 2012 8:40am
Quoting Larseg
V,

I am very different to most people and it reflects into my trading style, one thing which makes my ship running year after year is just because i walk my own paths and I only respect people who do the same.

Being an outstander is not what I am talking about but if there is no creativity you are a sheep. And if you are creative enough you will see different paths one time or another... You my friend, are not a sheep: and I have said this before and I say it again: kudos!

Now, down to the cold hard cash, I dont think anything which is...
I agree with what you said, but when you tweak them, it's the very moment you insert your judgment/bias into it, so then you may as well trade manually.... There is no magic formula, unfortunately... or fortunately
  • #50,704
  • Jan 26, 2012 8:48am Jan 26, 2012 8:48am
Quoting Venice
How in the hell do you guys trade the 5m. lol
How in the heck did you pick that entry earlier this week?
  • #50,705
  • Jan 26, 2012 8:49am Jan 26, 2012 8:49am
Quoting chazzle
158 the close to beat , being the close of the day high so far on the h that is stay above for more bull power - i don't reckon it will , but i dont know why
out too early in most , but not a bad hour
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  • #50,706
  • Jan 26, 2012 8:50am Jan 26, 2012 8:50am
Quoting attila
It's not really that kind of value I was referring to. I would like to say a lot more, but it seems everybody is keeping their edge close to the vest, so I'll probably do the same. It's a pity, because with so much knowledge and experience here, we could come up with a super system... But hey, every man for himself seems like...
I'm always up for sharing anything, although I really don't have that much offer to be honest.

My system is nothing more than candles combined with Supply and Demand. Then proper money management. We had this discussion a few days ago on how I pulled the short a little to soon. My risk was the highs. I gave up 6 pips on that one, but I sold it again higher when a new signal derived itself. That particular trade I only risked 3 pips (including the spread), and it paid the loss back + an extremely nice r/r.

A total of 9 pips risked for a 80 pip'ish trade.
  • #50,707
  • Jan 26, 2012 8:52am Jan 26, 2012 8:52am
Quoting pkimnyc
How in the heck did you pick that entry earlier this week?
Entered on the hourly pullback into demand. Price was already long at that point, I just had a pending that would be filled on a random spike, with the stops below the low.
  • #50,708
  • Jan 26, 2012 8:53am Jan 26, 2012 8:53am
Quoting attila
I agree with what you said, but when you tweak them, it's the very moment you insert your judgment/bias into it, so then you may as well trade manually.... There is no magic formula, unfortunately... or fortunately
Numbers, numbers, numbers. An EA needs to be ruthless with it's money management.

It is not easy to describe an 'edge' in programatic language though.
  • #50,709
  • Jan 26, 2012 8:54am Jan 26, 2012 8:54am
Quoting Larseg
V,

I am very different to most people and it reflects into my trading style, one thing which makes my ship running year after year is just because i walk my own paths and I only respect people who do the same.

Being an outstander is not what I am talking about but if there is no creativity you are a sheep. And if you are creative enough you will see different paths one time or another... You my friend, are not a sheep: and I have said this before and I say it again: kudos!

Now, down to the cold hard cash, I dont think anything which is...
Thanks for the words bro. I am always trying out new things for sure. Also, developing a consistent profitable EA is a hobby of mine... given enough time and adjustments... things will fall into place. Until then... try, try again.
  • #50,710
  • Jan 26, 2012 8:55am Jan 26, 2012 8:55am
Quoting Venice
I'm always up for sharing anything, although I really don't have that much offer to be honest.

My system is nothing more than candles combined with Supply and Demand. Then proper money management. We had this discussion a few days ago on how I pulled the short a little to soon. My risk was the highs. I gave up 6 pips on that one, but I sold it again higher when a new signal derived itself. That particular trade I only risked 3 pips (including the spread), and it paid the loss back + an extremely nice r/r.

A total of 9 pips risked for a 80...
MM is critical. You can actually trade with that alone, and a little common sense.
  • #50,711
  • Jan 26, 2012 8:55am Jan 26, 2012 8:55am
It is simple when you break it down. It's the greed and no patience that destroys lol

Quoting attila
Yes, but that will not help. You still have to think... If it were as simple as you describe it, then there would be no market..
Disclaimer: Check your 1m charts
  • #50,712
  • Jan 26, 2012 8:58am Jan 26, 2012 8:58am
Quoting pipper
It is simple when you break it down. It's the greed and no patience that destroys lol
No patience more than greed, for me at least...
  • #50,713
  • Jan 26, 2012 9:00am Jan 26, 2012 9:00am
Yip, might get another red 5min and then up

Quoting attila
No patience more than greed, for me at least...
Disclaimer: Check your 1m charts
  • #50,714
  • Jan 26, 2012 9:02am Jan 26, 2012 9:02am
Quoting pipper
Yip, might get another red 5min and then up
Ehhh, maybe. Not sure I like longs atm..
  • #50,715
  • Jan 26, 2012 9:10am Jan 26, 2012 9:10am
They gave us 2 red 5min. Now lets see if any bulls in the mix

Quoting attila
Ehhh, maybe. Not sure I like longs atm..
Disclaimer: Check your 1m charts
  • #50,716
  • Jan 26, 2012 9:21am Jan 26, 2012 9:21am
oct swing low out of the way and mp is fair game imo
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  • #50,717
  • Jan 26, 2012 9:22am Jan 26, 2012 9:22am
Quoting pipper
They gave us 2 red 5min. Now lets see if any bulls in the mix
looks like bulls are weakening, lets see what USDOLLAR does

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Don't be a hero. Don't have an ego. Always question yourself
  • #50,718
  • Jan 26, 2012 9:27am Jan 26, 2012 9:27am
Quoting Venice
Thanks for the words bro. I am always trying out new things for sure. Also, developing a consistent profitable EA is a hobby of mine... given enough time and adjustments... things will fall into place. Until then... try, try again.

word
  • #50,719
  • Jan 26, 2012 9:27am Jan 26, 2012 9:27am
I don't think so Bear. should see a bit of movement hopefully. was a bit early on the 5min chart

Quoting USD-Bear
looks like bulls are weakening, lets see what USDOLLAR does

Attachment
Disclaimer: Check your 1m charts
  • #50,720
  • Jan 26, 2012 9:30am Jan 26, 2012 9:30am
lets see if 13130 will give up if so 3028is next need a close below it
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