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  • #3,361
  • Sep 9, 2012 5:02am Sep 9, 2012 5:02am
Quoting Armacom
Hi guys, thought i would share my vision.

A.w.o.l started a discussion ( Post #3300 ) about entering after the first break-out. Like FH stated, you must have full confidence in your enter and exit strategy. That being said, i often enter only on the second our third attempt of (big-enough-to-hit-tp) break-out.

The difference is that I don't really wait for this to happen ... The advantage of the indicator is that you can monitor and optimize rather easely a lot of pairs
I optimize until I have a 100% succes on the fourth attempt. ( Or...

I do not have the option to enter on a lost trade recovery attempt and be profitable.

I am not satisfied until i get the following results for the past 100 days in a 5 to 30 m TF.

1st. 70 % or above 2nd. 60 % and above or
1st. 60 % or above 2nd 80 % or
1st 80 % or above 2nd 60 % or above

The only exception to this is the EUDJPY image I posted on Friday 90% first 0 second and third and 100th 4th. Note that is a freak tweak that will stop working as abruptly as it started, if you get any trades with it before July 6th, back testing with the strategy tester or the indi days back the settings for it are not right.

LarryK who has been a great inspiration to me posted his beautiful hand drawn chart (post 3335) and it looks as he gets better results than above indie back numbers.
  • #3,362
  • Sep 9, 2012 6:13am Sep 9, 2012 6:13am
Personally, Kissa, I think that for the moment the results of our approaches would gives us more or less the same results. That being said, I think that your way of thinking and optimizing is superior to mine when the EA comes out

A last little note;
I noticed ( and it has been said before ) that when you optimize to much the results are less to be thrusted over other periods. I don't have that issue with my looser settings

Quote
Note that is a freak tweak that will stop working as abruptly as it started, if you get any trades with it before July 6th, back testing with the strategy tester or the indi days back the settings for it are not right.

Have a nice day !
Don’t ever let someone tell you that you can’t do something.
  • #3,363
  • Sep 9, 2012 7:11am Sep 9, 2012 7:11am
Quoting forexhard
So if imitation is the sincerest form of flattery, we are on a roll! What's this make now, copycat thread #9 or #10, I've lost count? And it turns out that I'm just a thief and a liar, and I don't trade live, I cherry pick all my examples, and none of you guys are making pips, either. Who knew? Oh, and any moment now I'm going to start charging for my services because the indi Guide carries a disclaimer, never mind that the thread is already 14 months old.

The last copycat lasted about 9 days. Any takers on how long this idiot will last? Might...
Sorry I just woke and read this... Pretty sad. People need to have patience. When a poster has only 1 or a few post I like to let them find there own answer instead of giving it to them, that helps none

I predict the thread will close in 3 days. . . . Wait I think it already did
  • #3,364
  • Sep 9, 2012 7:26am Sep 9, 2012 7:26am
Quoting Armacom
A last little note;
I noticed ( and it has been said before ) that when you optimize to much the results are less to be thrusted over other periods. I don't have that issue with my looser settings
I agree with you the 90% is way over optimized and much looser is the way to go, I have two charts open for that one one my default one and the freak
  • #3,365
  • Sep 9, 2012 7:37am Sep 9, 2012 7:37am
Quoting dryclean
Sorry I just woke and read this... Pretty sad. People need to have patience. When a poster has only 1 or a few post I like to let them find there own answer instead of giving it to them, that helps none

I predict the thread will close in 3 days. . . . Wait I think it already did

Agreed.

With comments like 'martingale is insane' just shows how much work and effort has gone into understanding what the consolidation box is showing, it doesn't matter how many breakout threads start up, the breakout is one thing, managing it is something else.

Thats what FXH and XUX99 have given to the forum, its worth its weight in gold.

Looking at your 5min EU chart, I set mine up for a look, 1 trade, 86.7% trade win, 33 straight wins, 2 consecutive losers.... why start another thread, why read another thread....
  • #3,366
  • Sep 9, 2012 8:03am Sep 9, 2012 8:03am
Quoting moodybot
Agreed.

With comments like 'martingale is insane' just shows how much work and effort has gone into understanding what the consolidation box is showing, it doesn't matter how many breakout threads start up, the breakout is one thing, managing it is something else.

Thats what FXH and XUX99 have given to the forum, its worth its weight in gold.

Looking at your 5min EU chart, I set mine up for a look, 1 trade, 86.7% trade win, 33 straight wins, 2 consecutive losers.... why start another thread, why read another thread....
Fab results moodybot...With compounding, in a few years, you should have all the money in the world...Can you help us please? Will you teach us how to trade? Or, will you at least drop a coin or two in our tin cup when you pass us by in the street...Pippo
Vincit qui se vincit.
  • #3,367
  • Edited 8:40am Sep 9, 2012 8:18am | Edited 8:40am
On the subject of 5m TF

Been playing around and so far the best I can get
is the attached,anyone want to share their best 5 min EURUSD settings


(! Past results may not be replicated in the future !)
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  • #3,368
  • Sep 9, 2012 8:30am Sep 9, 2012 8:30am
Quoting Pippopotamus
Fab results moodybot...With compounding, in a few years, you should have all the money in the world...Can you help us please? Will you teach us how to trade? Or, will you at least drop a coin or two in our tin cup when you pass us by in the street...Pippo

Yep, you got it, happy trading.
  • #3,369
  • Sep 9, 2012 8:34am Sep 9, 2012 8:34am
Those are my best, please beat it!

P.D: Thanks ForexHard and Xux99 anything would have been possible without you!
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  • #3,370
  • Sep 9, 2012 8:37am Sep 9, 2012 8:37am
Jamesfr, if i can just give you a little word of advice. If i were you i would download more historic data. What you show us is only about 3 weeks of data wich isn't enough in my humble opinion .. Past is no garantuee for the future, but 3 weeks is just not enough i think

Quote
I agree with you the 90% is way over optimized and much looser is the way to go, I have two charts open for that one one my default one and the freak

Keep us informed !
Don’t ever let someone tell you that you can’t do something.
  • #3,371
  • Sep 9, 2012 9:01am Sep 9, 2012 9:01am
Quoting Armacom
Jamesfr, if i can just give you a little word of advice. If i were you i would download more historic data. What you show us is only about 3 weeks of data wich isn't enough in my humble opinion .. Past is no garantuee for the future, but 3 weeks is just not enough i think



Keep us informed !
Thanks,I forgot I limited due to a problem with another product

Anyone found good settings with a 1:2 1:3 RR ratio?
  • #3,372
  • Sep 9, 2012 10:32am Sep 9, 2012 10:32am
Quoting Armacom
Quote
I agree with you the 90% is way over optimized and much looser is the way to go, I have two charts open for that one one my default one and the freak
Keep us informed !

Not much to inform trading the 90% until it needs re adjusting, one of the longest CZ around on the 15 min, so will re adjust it when needed.
For someone who wants a drop and forget settings it is not. I just want the money so work daily keeping all pairs optimized to get it, be it the indy or drawing them by hand.
  • #3,373
  • Sep 9, 2012 10:46am Sep 9, 2012 10:46am
Just curious to see how long this 90% will hold, that's why i said to keep us informed

I did a lot of thinking about optimizing and I have not found a conclusive answer .. On one hand optimizing regulary should help but on the other hand i'm a strong believer of finding settings that always work (optimizing once every 1-2months or when recent results are way off historic results) ..
Don’t ever let someone tell you that you can’t do something.
  • #3,374
  • Sep 9, 2012 3:27pm Sep 9, 2012 3:27pm
Quoting Armacom
Just curious to see how long this 90% will hold, that's why i said to keep us informed

I did a lot of thinking about optimizing and I have not found a conclusive answer .. On one hand optimizing regulary should help but on the other hand i'm a strong believer of finding settings that always work (optimizing once every 1-2months or when recent results are way off historic results) ..
I think a balance is needed when optimising between settings that are proven to work over a long period of time and settings which reflect the current state of the market,not easy to find middle ground,an EA would help in this task.
Without the EA testing is very difficult,ideally I would like to find a setting with a 1:2 / 1:3 RR ratio
Having said that it works well as is.
  • #3,375
  • Sep 9, 2012 11:24pm Sep 9, 2012 11:24pm
Quoting nhen
...But you lost when me you started asking for vouchers for revealing 'secrets'...
Two things: 1) that was over a year ago; and 2) it's called dry humor. The whole point of how I teach (if you had bothered to read the thread), is that I don't believe that there are any real secrets to trading, just bad technique that keeps getting passed around and nobody can say why, which is why it seems harder than it really is. Even my name and the writing beside it mock the very idea that trading is hard to do, and the (false) idea that 'trading is hard' is dealt with repeatedly over the last 200 pages.
To improve is to change. To perfect, is to change often.
  • #3,376
  • Sep 10, 2012 3:58am Sep 10, 2012 3:58am
Quoting forexhard
So if imitation is the sincerest form of flattery, we are on a roll! What's this make now, copycat thread #9 or #10, I've lost count? And it turns out that I'm just a thief and a liar, and I don't trade live, I cherry pick all my examples, and none of you guys are making pips, either. Who knew? Oh, and any moment now I'm going to start charging for my services because the indi Guide carries a disclaimer, never mind that the thread is already 14 months old. .....
Ignore them, you and all the other contributors are doing a great job here.

I read the disclaimer and understood it for what it is, a reminder that one trades at one's own risk.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #3,377
  • Sep 10, 2012 8:27am Sep 10, 2012 8:27am
I'm sure most caught the GU and AU moves.....both performing brilliantly. More pips in the bag.

Green pips to all!
  • #3,378
  • Sep 10, 2012 9:33am Sep 10, 2012 9:33am
Quoting A.w.o.l
I'm sure most caught the GU and AU moves.....both performing brilliantly. More pips in the bag.

Green pips to all!
It still made pips on a relatively flat day like today ,Monday as well
  • #3,379
  • Sep 10, 2012 9:41am Sep 10, 2012 9:41am
Anybody has completed a trade on EURUSD today?
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  • #3,380
  • Sep 10, 2012 9:48am Sep 10, 2012 9:48am
triangle Breakout predict.
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