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  • #6,521
  • Aug 14, 2012 7:21am Aug 14, 2012 7:21am
Quoting fartist
LO -2, NY -2

Had 11 losses in row now.
Hang in there! Did some statistical analysis like steve was pointing out. On paper the method works the same as the success we have seen. Its all about perseverance, keeping the stop loss tight and hitting as many BE vs SL as possible.
  • #6,522
  • Aug 14, 2012 7:53am Aug 14, 2012 7:53am
Quoting quicksliver
Hang in there! Did some statistical analysis like steve was pointing out. On paper the method works the same as the success we have seen. Its all about perseverance, keeping the stop loss tight and hitting as many BE vs SL as possible.
Thanks mate!
Whether you can or you can't, you are both right.
  • #6,523
  • Aug 14, 2012 7:58am Aug 14, 2012 7:58am
Quoting fartist
LO -2, NY -2

Had 11 losses in row now.
Lo-2, ny+2
  • #6,524
  • Aug 14, 2012 9:40am Aug 14, 2012 9:40am
Quoting hazel1919
Question to Tony (and any others who care to comment): In your experience, what is the longest run of losses you have experienced using the parameters of this system?
I've seen mentions of 4 months in the thread but I've only been testing for the last two.
Quoting hazel1919
Second question: is your current TP still 140 pips? (I heard a whisper of experimenting with a TP of 400)
Tony uses a 400 TP.
  • #6,525
  • Aug 14, 2012 9:46am Aug 14, 2012 9:46am
Quoting TheMaxx
I've seen mentions of 4 months in the thread but I've only been testing for the last two.
Tony uses a 400 TP.
moving the SL to BE aggresively is the way to do it correctly i think.

Problem for me is moving it up fast enough
  • #6,526
  • Aug 14, 2012 9:58am Aug 14, 2012 9:58am
Quoting deathbait
moving the SL to BE aggresively is the way to do it correctly i think.

Problem for me is moving it up fast enough
Zen's EA moves it pretty damn quick! Pipette by pipette
  • #6,527
  • Aug 14, 2012 10:04am Aug 14, 2012 10:04am
yeah i started using it recently

still messing wth the settings to make it trade more like i do manually
  • #6,528
  • Aug 14, 2012 10:31am Aug 14, 2012 10:31am
Quoting deathbait
yeah i started using it recently

still messing wth the settings to make it trade more like i do manually
How do you differ from the way Tony trades it?
  • #6,529
  • Aug 14, 2012 10:34am Aug 14, 2012 10:34am
i try to move TP up to BE+2 when the trade takes off.
  • #6,530
  • Aug 14, 2012 11:09am Aug 14, 2012 11:09am
Quoting deathbait
i try to move TP up to BE+2 when the trade takes off.
I'm sure you've worked it out but if not this should do the trick:
Use_BE=true;
CommissionPips = 2.0;
  • #6,531
  • Aug 14, 2012 11:50am Aug 14, 2012 11:50am
yeah i did

it's a trade off using the EA really, cos i want to go to BE ASAP, but i want to move to BE+2 only after it takes off a bit.

So i can either set pip distance to a small value, and achieve ASAP BE, or set it to a bigger value to achieve delayed BE+2

Been toying with the idea of hacking the code, but for now, I'll just play around with pip distance to see if I can find a setting I'm comfortable with
  • #6,532
  • Aug 15, 2012 7:03am Aug 15, 2012 7:03am
Today, we had -2 on the LO and BE on the NYO. Went long on London and Short on NYO.
  • #6,533
  • Aug 15, 2012 7:08am Aug 15, 2012 7:08am
-2 -2 for me
  • #6,534
  • Aug 15, 2012 10:52am Aug 15, 2012 10:52am
Quoting Tony112
Amazing entry 0SL - nothing to lose - FREE TRADE
Now floating at +10 pips... thanks for pushing guys
Tony,

With reference to this post from you (posted 16 July, 2010) I find it striking that nothing has fundementally changed in the parameters and exectution of your LO/NYO system.

In other words, it seems your system has been up and running for 2+ years.

My question is simple: In this time (two years) have you managed to double your equity? A "yes" or "no" will suffice.

I leave it to you if you wish to elaborate on the "yes" or "no".

Thank you Tony,


Tim
average human life span = 28 000 days /840 months
  • #6,535
  • Aug 15, 2012 6:09pm Aug 15, 2012 6:09pm
Quoting hazel1919
Tony,

With reference to this post from you (posted 16 July, 2010) I find it striking that nothing has fundementally changed in the parameters and exectution of your LO/NYO system.

In other words, it seems your system has been up and running for 2+ years.

My question is simple: In this time (two years) have you managed to double your equity? A "yes" or "no" will suffice.

I leave it to you if you wish to elaborate on the "yes" or "no".

Thank you Tony,


Tim
average human life span = 28 000 days /840 months
Well, I know Tony will answer this, but actually, his trading of this system has changed; the parameters (specifically the TP) have changed. He now trades with a 400-pip TP. I know he has hit the 400-pip Epic Win at least once, and maybe twice.

For those who are wanting to keep track of their ROI with this system, the way the capital is calculated in this system is slightly different than other systems, because of the weekly refunding that occurs. To calculate one's true ROI with this system, you have to start with your Starting Capital, and then also add in all additional "refunds" that are added every week (the Accounting 201 term for the refunds is "Additional Paid-In Capital".), to get a total capital figure. You then take the wins, subtract out all the losses (also dont forget swaps paid and received), and divide that by the total capital, to get the true ROI since starting the system.
  • #6,536
  • Aug 15, 2012 11:40pm Aug 15, 2012 11:40pm
Quoting hazel1919
Tony,

With reference to this post from you (posted 16 July, 2010) I find it striking that nothing has fundementally changed in the parameters and exectution of your LO/NYO system.

In other words, it seems your system has been up and running for 2+ years.

My question is simple: In this time (two years) have you managed to double your equity? A "yes" or "no" will suffice.

I leave it to you if you wish to elaborate on the "yes" or "no".

Thank you Tony,


Tim
average human life span = 28 000 days /840 months
Hi Hazel, I have a little over 50k additional to what I had with oanda 2 years ago. Keed in mind that I live with this and withdraw funds. I also refund losses, and gamble. I used funds to buy a car, my wife's car, pay the house, live.. let's not forget my weekends spending which I have now officially stopped. I use no credit at all and have no credit cards since 2009. Deep inside, I know that if I would have traded by my strict rules, not gambled, not purchased expensive cars I would have enough to retire at my age.
Invest in alarm clocks
  • #6,537
  • Aug 16, 2012 12:15am Aug 16, 2012 12:15am
On average Tony says we can expect one home run a month, that's not to say every month we'll get. but on average yes.

Minus away your losses, it's high probability you can rake in few hundred % a year depending on your amount risk.

I would not recommend anything above 1%, thats me though.
Whether you can or you can't, you are both right.
  • #6,538
  • Aug 16, 2012 5:00am Aug 16, 2012 5:00am
Quoting Tony112
Hi Hazel, I have a little over 50k additional to what I had with oanda 2 years ago. Keed in mind that I live with this and withdraw funds. I also refund losses, and gamble. I used funds to buy a car, my wife's car, pay the house, live.. let's not forget my weekends spending which I have now officially stopped. I use no credit at all and have no credit cards since 2009. Deep inside, I know that if I would have traded by my strict rules, not gambled, not purchased expensive cars I would have enough to retire at my age.
Tony,

Thank you for your candid response. I found it inspiring coming from a man trading real flesh and blood and not verbage.

In short, if we stick to the rules... nip those losses in the bud, trail to BE as soon as possible, top up the account each week and exercise the patience of Job... then this machine will pay.

Attached, is a spreadsheet describing 100 trades, using a 0.7% risk setting (50:1 using O****a). Change the yellow box for to suit your risk setting.

Basically, if you can pull a 300 pipper ever month, you are in the pound seats. A dry two months will hurt though!

The attached spread sheets includes O***a spreads.

As they say, "there are more bugs on the windshield than the rear-view mirror."

Tim
Attached File(s)
File Type: xls 100 Trade Spreadsheet.xls   25 KB | 474 downloads
  • #6,539
  • Aug 17, 2012 8:37am Aug 17, 2012 8:37am
hi,

can anyone post the latest rules to this system? what is Tony trading to?

thks
  • #6,540
  • Aug 17, 2012 9:44am Aug 17, 2012 9:44am
Today's results:

LO: BE
NYO: -2
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