Finally I'm profitable - I need help coding the EA - Willing to share the strategy

hey guys,

I hope several guys are following my client's a/c which is trading only GBP USD for nearly 8months live as steady as it should :

Login: 66928
Inv password: abcd1234
Server: 78.140.182.199

and the results are there to speak i suppose. I am planning to change inv password soon in about a week .
FYI

Regards,
ScoobiDoobi

The problem with too many traders (and gamblers) is that they think two weeks, six months, a year, testing on a demo (or even a live account) is a good demonstration of how solid their system is but it isn't. (Read 'Fooled by Randomness' by Taleb).

As Hanover has said, the only way to be profitable longterm in fx (and gambling) is to have an edge whether by fair or foul methods. A staking strategy is not an edge in itself and it will not turn a negative edge into a positive one. The Martingale staking plan has caused the death of plenty before you. It sounds so plausible but like all those friendly psychopaths out there, it will kill you just when you feel most secure.

Dear Dr.,

This is not the type of martingale which bets on buy or sell infinitely and gets stuck and blows away. I very well understand Mr Market is Bigger than Any Individual to say the least, its more of poc type work for gbpusd that it can sustain the volatility that we had in past few months with its style and make some profits aswell trading micro lots mostly. you can check its stats here nearing abt 2000 pips* http://www.myfxbook.com/members/supe...-trader/369431

god bless
Scoobidoobi

Thanks. May till August is hardly a test of signifigance but best of luck.

hello Doctor,

I hope you are watching the progress for this month on the GBP USD system also, performance summary reads as below in the attachment. It's upto the task with consistency.

regards,
Scoobidoobi

Hello Guys,

I am re-visiting this forum after long back. I have got this system tuned not just to work for GBPUSD alone , infact I named it "4ProngAttack" to make it work on GBPUSD,AUDCAD,EURGBP & AUDNZD after studying their trading ranges/fibo retracements etc..

Please find couple of accounts where I have setup and its running live :


a) (Starting Balance : 5000usd)

http://fxrsi.mt4live.com/

b) (Starting Balance : 8090usd)

http://www.myfxbook.com/members/superswingtrader/4prongattack/637409

Any comments/feedback welcome .




Regards,
Scoobidoobi

Looks good. At which point do you decide to take the loss?

Hi Darren,

It uses Hedge in place of Stoploss to arrest the DD. Thats the idea and the pairs picked are of unique in nature

a) GBP USD ( one nation economy as opposed to euro (anytime theres talk of bailout/panic from PIIGS countries) )

b) AUD NZD ( Trans Tasman Rival Cross Pair - Daily ADX ranges are lower)

c) EUR GBP ( Lower Daily ADX ranges)

d) AUD CAD ( AUDUSD and USD CAD are inversely correlated in the sense you dont see both above parity or below parity at same time, moreever AUD(represents GOLD) owing to gold minery aussie economy Vs CAD ( Crude Oil debased economy))

Regards,
ScoobiDoobi

OMG thanks it works ! could never work out how Perfect thanks
an alert when price crosses lines?
phulllllease