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  • #6,881
  • Sep 21, 2012 7:03am Sep 21, 2012 7:03am
Quoting SmartGXL
LO: -2

NO: -2

See everyone Monday morning!

same here
  • #6,882
  • Sep 21, 2012 7:42am Sep 21, 2012 7:42am
Quoting SmartGXL
LO: -2

NO: -2

See everyone Monday morning!
the same

nice w/e to all
Don't give up
  • #6,883
  • Sep 21, 2012 7:54am Sep 21, 2012 7:54am
Quoting SmartGXL
LO: -2

NO: -2

See everyone Monday morning!
???

LO: BE
NY: +40 pips
  • #6,884
  • Sep 21, 2012 8:19am Sep 21, 2012 8:19am
Quoting TheMaxx
???

LO: BE
NY: +40 pips
you're trading with different rules from this thread
Don't give up
  • #6,885
  • Sep 21, 2012 8:30am Sep 21, 2012 8:30am
Quoting geomink
you're trading with different rules from this thread
I'm using Zen's EA which I understand replicates the rules in post 1 exactly.
  • #6,886
  • Sep 21, 2012 8:33am Sep 21, 2012 8:33am
Quoting Tony112
Two consecutive wins of a 400 pips followed by a 110 pips profit has brought me in the new galaxy. I have never been here before and it's unreal.
Hi Tony112 and all traders of this system,
I have been lurking in the background of your wonderful thread for quite a long time. I have always been captivated by the determination and cool headedness exibited by the traders on this thread. You ppl are the epitome of patience and determination. I never thought it was possible for some one to take the number of losing trades that you often take, before an EPIC win, and still continue to trade. You have "balls of steel" Personally I have always asked myself if I could handle your system but an answer other than no is still a long way away.

Regards
  • #6,887
  • Sep 21, 2012 10:25am Sep 21, 2012 10:25am
Quoting TheMaxx
I'm using Zen's EA which I understand replicates the rules in post 1 exactly.
Themaxx, could you tell me which EA you're saying and what is your setup? For I also am using CBBP 3.0 and also lost 2 pips. I am also testing the latest version EA 112 Tony and Tony ZERO_RISK.

Even more!
Invest in creating their EAs, because one day you need one!
  • #6,888
  • Sep 21, 2012 11:10am Sep 21, 2012 11:10am
Quoting elchoco
I reckoned that if banks are going to move a shed-load of cash, it would appear as a large tick. So I made a small indicator that will give an alarm when the tick size reaches a certain value.

Just save to your experts folder, attach to your charts and set your tick trigger level. Saves looking at the screens for hours and you can get on with your life. The size of each tick is shown in the corner of the screen and an alarm sounds when your trigger tick size is reached.

There are no trading functions attached to this version. It's just a "heads-up"...
Hello elchoco. For some time you posted this message, but I read it now. Would not it be easier to be an indicator instead of EA?

Could anyone help me showing me an audible indicator of pips equal to this?
Invest in creating their EAs, because one day you need one!
  • #6,889
  • Sep 21, 2012 4:07pm Sep 21, 2012 4:07pm
Quoting melvin87
Hey Tony and all,

If we were to follow the strategy in a mechanical manner and trade in the direction which price initially moves towards, I find that this is less reliable compared to setting a limit order (or you can manually use a market order too) in the direction of the trend. What has repeated happened through my observation is that price, for some reason, always goes against the general trend before turning around and moving in the direction of the general trend. You would have been stopped out many times if you follow the system very...


I had the same thought, and have been taking another look at Straddle_Trail ea which brackets long and short at a given time, and then moves to breakeven and locks in whatever pips you spec, and then cancels, or doesn't, the other order...

anyone else using this,
or doing it manually,
or any thoughts?
  • #6,890
  • Sep 22, 2012 5:05am Sep 22, 2012 5:05am
Hey guys,

can someone report how often the LO/NYO-approach (TP 400 pips) has worked out so far?

I am not a scalper because it drives me crazy and I think this is bad for my health and my behavior, lol. But I think a high risk reward ratio is important in this business and this method has a ridiciously high one. That's why I would try this one.
I'd also try the other methods of Tony112 (in Germany you call the fire fighters with 112) but I don't know if I have the time for it.
  • #6,891
  • Sep 22, 2012 7:17am Sep 22, 2012 7:17am
Quoting SmartGXL
LO: -2

NO: -2

On to tomorrow!
When you report your daily results (and thank you for doing so), does your report include or exclude the spread. In other words, is it -2 plus a further -1 for the spread?

This has a huge (33%) implication over 100 trades.
  • #6,892
  • Sep 22, 2012 3:56pm Sep 22, 2012 3:56pm
Quoting hazel1919
When you report your daily results (and thank you for doing so), does your report include or exclude the spread. In other words, is it -2 plus a further -1 for the spread?

This has a huge (33%) implication over 100 trades.
The -2 figure includes the spread. When I enter my trades (I am currently doing this manually, not using any EA at this time), I put 1.0 as the Stop Loss and then the spread is added on to that loss, for a net loss of -2 (it is actually -2.1, because I am losing 1 pip plus losing the spread, which of lately at Oanda has been 1.1 for EUR/USD).
  • #6,893
  • Sep 24, 2012 7:01am Sep 24, 2012 7:01am
LO: -2

NYO: -2

Stopped out pretty much right away at both opens.
  • #6,894
  • Sep 24, 2012 7:16am Sep 24, 2012 7:16am
Quoting SmartGXL
LO: -2

NYO: -2
the same for me
Don't give up
  • #6,895
  • Sep 24, 2012 7:37am Sep 24, 2012 7:37am
Quoting SmartGXL
LO: -2

NYO: -2

Stopped out pretty much right away at both opens.

ditto
  • #6,896
  • Sep 24, 2012 8:47am Sep 24, 2012 8:47am
Firstly this is a great system, trouble is that you will often be wrong its a fact of life with a system like this. A couple of things you might add.

1) Are you below the daily open, because if you are I would say you have about a 55% chance you are going down, hence its a line I draw on my chart.

2) Whats the daily trend up or down, having looked I can tell you trading against a trend is possibly only going to give you 60-80 pips, so if a sell were to trigger on the EURUSD then I would have prefered it to going long.

3) Where is the market in the bigger picture, well the EURUSD is looking at the moment like its in a correction, so until we go up and atak out the top I think we are going mostly sideways.

I do not want to dilute Tonys great strategy in any way I just thought I would mention it.


Mike Haran
  • #6,897
  • Sep 24, 2012 9:55am Sep 24, 2012 9:55am
Quoting SmartGXL
LO: -2

NYO: -2

Stopped out pretty much right away at both opens.
Just joined the ranks this morning. Outcome same as above.
"If you can quote the rules, then you can obey them." - Tony Soprano
  • #6,898
  • Sep 24, 2012 12:59pm Sep 24, 2012 12:59pm
I did some backtests using the strategy tester (H1), replaying with slow speed all LOs and NYOs, tick-by-tick for few consecutive months. I used Alpari and not guaranteeing their data accuracy, so this might mean something or nothing, but just want to share it here anyway, since it helped me to get Tony's angle with this strategy finally, after I fooled around with another riskier variation.
I tested TP 20, 50, 100 and 400, SL 2 + 1 pip spread, first initial 2 pips direction, move to BE after 5, used only bid prices for entries but accounted the spread, for exits.
My conclusion is that this doesn't work with smaller TPs, bigger SLs and without refilling weekly the account - so you'll have to trade it exactly as Tony recommends! You will need on average 50% of the initial account to sustain an average of 3 months drought. But then, you will have a winner that will aprox. double your account + give you back the money used for replenishing. Let's say roughly an over 50% ROI of total (initial + replenishing accounts)/ 3 months (this is just an example, you could have 2 consecutive winners or more months of drought). Smaller TPs don't generate as much profit with replenishing, even might lose (even though they occur more frequently, what you'll add back weekly, you'll get back when you win, so you will hopefully get BE, if). Without replenishing, imo none of them work. Basically, you want to catch these fat tail 400 pips winners with as much money as possible, by adding back weekly to your account; on the other side, you will need very small daily losses, so you don't have to add too much weekly, otherwise your net profit will decrease.
r u ready?
  • #6,899
  • Sep 24, 2012 9:01pm Sep 24, 2012 9:01pm
Quoting rtrs111
I did some backtests using the strategy tester (H1), replaying with slow speed all LOs and NYOs, tick-by-tick for few consecutive months. I used Alpari and not guaranteeing their data accuracy, so this might mean something or nothing, but just want to share it here anyway, since it helped me to get Tony's angle with this strategy finally, after I fooled around with another riskier variation.
I tested TP 20, 50, 100 and 400, SL 2 + 1 pip spread, first initial 2 pips direction, move to BE after 5, used only bid prices for entries but accounted the...
good job for this paragraph, you're on you way to success
Invest in alarm clocks
  • #6,900
  • Sep 24, 2012 9:02pm Sep 24, 2012 9:02pm
Quoting rtrs111
you want to catch these fat tail 400 pips winners with as much money as possible, by adding back weekly to your account
i like this part of your quote lol
Invest in alarm clocks
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