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The life of a trading system on Forex Factory

  • #761
  • Apr 17, 2012 11:59pm Apr 17, 2012 11:59pm
Quoting mister me
as ive stated many times you can not have a profitable system without one element of descresion.
Doesn't matter how often you state it, it is just not true.
  • #762
  • Apr 18, 2012 12:11am Apr 18, 2012 12:11am
Quoting LazyPawn

I'm not saying that there are no 100% mechanical systems that work. Maybe there are although I have never seen one. Whoever has such a system would definitely turn it into an EA and most definitely wouldn't share it on a forum.
I've never seen one which is profitable in the long term either, but then again like you say it's unlikely they would ever be openly published, they would be far too valuable.

There seem to be plenty of profitable short term EA's out there though, as can be seen for example in the annual Automated Trading Championships. As an aside, it's interesting to note where the top performers each year were from, coincidence or is this where the programming/trading brains are nowadays?
  • #763
  • Apr 18, 2012 12:40am Apr 18, 2012 12:40am
Quoting pipmutt
I've never seen one which is profitable in the long term either, but then again like you say it's unlikely they would ever be openly published, they would be far too valuable.
Therefore the search for the Holy Grail continues...
  • #764
  • Apr 18, 2012 12:54am Apr 18, 2012 12:54am
Quoting 2+2=4ex

Therefore the search for the Holy Grail continues...
I saw some used ones on eBay the other day for 99 bucks, I missed out 'cos they were all sold....typical!
  • #765
  • Apr 18, 2012 2:31am Apr 18, 2012 2:31am
Quoting mister me
the rules of the turtles system i read,allowed some desrecion on which rules within the rules they could use,that to me would be 1 element of descresion,
mister me

They were all given the same opportunity,the same rules based system.So why did some turtles make more money than others,and some totally failed?The main reason is because they coudn't or wouldn't stick to the rules.
  • #766
  • Apr 18, 2012 2:37am Apr 18, 2012 2:37am
Quoting pipmutt
I've never seen one which is profitable in the long term either, but then again like you say it's unlikely they would ever be openly published, they would be far too valuable.
You also don't need to find one that will be profitable over many years. You may find something that has been working eg for the last 6 months and keep using it for as long as it works. If it has a losing month, you could ditch it until backtesting shows it's profitable again.
  • #767
  • Apr 18, 2012 2:48am Apr 18, 2012 2:48am
Quoting DemoForever
mister me

They were all given the same opportunity,the same rules based system.So why did some turtles make more money than others,and some totally failed?The main reason is because they coudn't or wouldn't stick to the rules.
yes i agree with you,but as i see it ,within the rules ,albeit what instrument to trade and the enrty and exit rules which could be decided by the trader were the diciding factor as to how well each individual trader done.that for me is the element of descresion.

if there was no descresion within that method they would have all got the same results
  • #768
  • Apr 18, 2012 3:37am Apr 18, 2012 3:37am
Quoting mister me
yes i agree with you,but as i see it ,within the rules ,albeit what instrument to trade and the enrty and exit rules which could be decided by the trader were the diciding factor as to how well each individual trader done.that for me is the element of descresion.

if there was no descresion within that method they would have all got the same results
The problem with giving a human being a system to trade,is that he has this nasty habit of thinking too much.Everybody on ff has had or has still got this problem.Take any old breakout system,their will be plenty of times when your system gives you a signal to buy right into a resistance line that you have drawn on you chart.What does that little voice in the back of your mind tell you?Thats too risky,i think i'll pass on that one.As soon as you do that your cutting your opportunity of what could be you best trade of the year.
  • #769
  • Edited 5:59am Apr 18, 2012 5:17am | Edited 5:59am
Quoting 60minuteman
I'm touched that you're still following my thread, let me know when you get over your personal issues and i will come change your nappy...
I follow your thread because I like to see how your system goes through “The life of a trading system on Forex Factory” described in post 1 by LazyPawn.
EA was created so your system now at stage 9

Quoting LazyPawn
9. Nah … dem robotz no good![/b] The EA is losing because we humans can see and feel things about trading … it comes with experience. So let’s forget EA results, forget backtesting, and let’s just trust the thousands of pips reported by the groupies. The system must be good, no doubt!
And you want me just to trust 80% win ratio reported by you. The system must be good, no doubt!

Quoting 60minuteman
But lets assume it is 50% win rate going to 1/1 risk to reward... some simple s/r analysis and reading of trend could turn that into a simple consistent strategy.

In fact there is a trading group that trades it on the daily and publishes all its trades and results, and they do very well...

more importantly I believe in it, maybe that's an edge too...
Why did you write: lets assume and I believe in it? Just write: I make money with 50% win rate going to 1/1 risk to reward and some simple s/r analysis and reading of trend. So who are you? Believer? Money maker? Loser?

Where can I see publishes trades and results of this trading group?

Quoting 60minuteman
ok, some stats...

based on 20,000 instances of the engulfing pattern on daily TF

With no trend or s/r used...

is that an edge on its own? anything over 50% accuracy gets my interest???
Has author of stats used it and become rich?
And last question: Why are you so afraid to place all your trades in Forex Factory's Trade Explorer?
  • #770
  • Apr 18, 2012 5:24am Apr 18, 2012 5:24am
Quoting Dem
I follow your thread because I like to see how your system goes through “The life of a trading system on Forex Factory” described in post 1 by LazyPawn.
EA was created so your system now at stage 9



And you want me just to trust 80% win ratio reported by you. The system must be good, no doubt!



Why did you wrote: lets assume and I believe in it? Just write: I make money with 50% win rate going to 1/1 risk to reward and some simple s/r analysis and reading of trend. So who are you? Believer? Money maker? Loser?

Where can I...
Why on earth would anyone want to give you or anyone else here a free ride? Do the work yourself.
  • #771
  • Apr 18, 2012 5:41am Apr 18, 2012 5:41am
Quoting Dem
I follow your thread because I like to see how your system goes through “The life of a trading system on Forex Factory” described in post 1 by LazyPawn.
EA was created so your system now at stage 9



And you want me just to trust 80% win ratio reported by you. The system must be good, no doubt!



Why did you wrote: lets assume and I believe in it? Just write: I make money with 50% win rate going to 1/1 risk to reward and some simple s/r analysis and reading of trend. So who are you? Believer? Money maker? Loser?

Where can I see...
You missed of trying to create a fan base to later sell his services to.

If you look at the writing similarity between him and his defenders you've got to wonder if he's not hyping himself up also.

All the classic signs.

Prove me wrong 60MM please!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #772
  • Apr 18, 2012 6:11am Apr 18, 2012 6:11am
there's many reasons why someone would not publish financial details on a public forum... don't need to go into that..

what ever i publish would not be believed anyway...

it does say on my thread, go through every set up that fits the rules for last week and see what your results could of been... you could do that?

I could start a paysite, but its not in my mind at all right now, I just want to trade...

Is there anything in my thread, trading wise that is just obviously bullshit too you?
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tradewith60
  • #773
  • Apr 18, 2012 6:25am Apr 18, 2012 6:25am
is this enough?

i'm not claiming to be some sort of guru, it's not even my strategy, im just saying you can make profit with it, some practice and discipline.. theres no fancy indicators, its just p.a, trend and some s/r lines..

and yes, that loss hurt like fuck!!!
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tradewith60
  • #774
  • Apr 18, 2012 7:19am Apr 18, 2012 7:19am
eeer Dem... we're all waiting for your stats for the week? play the game... it was your idea ?????

tradewith60
  • #775
  • Apr 18, 2012 7:36am Apr 18, 2012 7:36am
Quoting micmic
No, discrediting EAs is a scammer teacher's escape route. I can code ALL CLEAR RULES into en EA. If I make an error in coding, or if I can't code a specific rule, then it's my problem. But if I code everything perfectly but the system is not profitable, then it's the system's problem. If that system is given for free, then no harm has been done. But if it has been sold to me as "purely mechanical", then the seller is a scammer. Period.

I absolutely agree with you. If you decide to skip USDJPY sell signal 5 minutes before Japanese central bank intervention that is your intuition. It cannot be coded.

But if you decide to skip USDJPY sell signal because you see a close support (trendline, fibo level, 200 SMA) or you don’t like the time of the signal (Asian session, Friday evening, Friday 13 evening, full moon) that is not discretion. All that can be coded by skilled programmer or at least to be written as clear rules.
  • #776
  • Apr 18, 2012 10:09am Apr 18, 2012 10:09am
Me.. I'm not spoon feeding anyone anything. Why would I ?
Bob asking like an idiot about SL's... Sorry Bob but ask your momma or Ms. Principal to feed you your pablum.

Dem... No spoons for you either. Learn how to trade. Theirs a thing called Google. Use it and search for engulfing pattern backtests. Yoou might be surprised what you find. But you will probably give up after the first search page.

Turveyed....Decide on a trading system or method and stick to it. Heres a hint get away from your small TF's

Custos...With your purely mechanical winning system. Dont you own the Bank of England by now????


Did I miss anyone???

SOmetimes I wonder why I am here???? It's like a train wreck/circus....

Same dummys same stupid questions.

Too much time on my hands obviously...Gonna go shopping and do some retail therapy. Looking at some new fishing gear and perhaps a new jetboat for the river.

Have fun kids...
Master your Mind,,,Master the Market
  • #777
  • Apr 18, 2012 11:16am Apr 18, 2012 11:16am
Quoting bluesteele
Me.. I'm not spoon feeding anyone anything. Why would I ?
Bob asking like an idiot about SL's... Sorry Bob but ask your momma or Ms. Principal to feed you your pablum.

Dem... No spoons for you either. Learn how to trade. Theirs a thing called Google. Use it and search for engulfing pattern backtests. Yoou might be surprised what you find. But you will probably give up after the first search page.

Turveyed....Decide on a trading system or method and stick to it. Heres a hint get away from your small TF's

Custos...With your purely mechanical...

a man after my own heart
  • #778
  • Apr 18, 2012 11:24am Apr 18, 2012 11:24am
Quoting 60minuteman
eeer Dem... we're all waiting for your stats for the week? play the game... it was your idea ?????

Ha-Ha. I don’t play the game. You don’t have a chance against me because I use system of Mister Alorento. His performance knows everybody.

Idea was to see your performance after 2 month of live trading at least. I cannot see you trade history in your Member Profile. Why?
  • #779
  • Apr 18, 2012 11:36am Apr 18, 2012 11:36am
Quoting micmic

You also don't need to find one that will be profitable over many years. You may find something that has been working eg for the last 6 months and keep using it for as long as it works. If it has a losing month, you could ditch it until backtesting shows it's profitable again.
Yes I guess that's true. You've renewed my interest in EA's!

The last one I had was written by a Russian guy who didn't speak English, and as I don't speak Russian I fear quite a few important details got lost in translation (ie risk management at it turned out!). The thing worked great for a couple of weeks, really simple breakout strategy, then one morning I woke up to find it had gone nuts and blown my mini account! Funny thing was it was still trying to place trades like crazy, I bet IBFX thought I'd lost the plot, lol!

(note to self: get an English speaking programmer next time, either that or learn Russian!)
  • #780
  • Apr 18, 2012 11:37am Apr 18, 2012 11:37am
Quoting Dem

I use system of Mister Alorento.
Well hadn't you better just scoot on back to the flock, you're a stray sheep and likely to get slaughtered around these parts!

Baaaaaahaaaaaaa......listen, they're calling you......it's nearly time to get fleeced!




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