The Really Useless Thread | Page 6181 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #123,601
  • Nov 23, 2012 11:53am Nov 23, 2012 11:53am
Quoting kenfen69
Nearly to the pip, gator...I mean chazzle.
i was actually 1.5 out ( as it stands ) - that's quite a way to go in gator terms
  • #123,602
  • Nov 23, 2012 11:53am Nov 23, 2012 11:53am
An old H4 channel I was using on Gold...

Attached Image (click to enlarge)
Click to Enlarge Name: 1D.PNG Size: 57 KB


Old is new.
  • #123,603
  • Nov 23, 2012 11:54am Nov 23, 2012 11:54am
Quoting chazzle
Goldman etc pay these quants 6 figure salaries to work this shit out - the thing is , rule of thumb i think is if it would be easy to code , it ain't gonna work in the long run , might work in the short term - but for how long? that's the question
well assume 10 pip stop 15 pip hard TP which is very realistic for m5 hiddens

75% success rate would not be out of the question whatsoever.

as long as the EA had good entries.

problem is i dont know how you can put divergence into code... just seems very difficult to do (granted i cant program at all so i dont know what is difficult and what is not)

which is actually why i believe it is such a powerful indicator. it gives the best entries (leading indicator), which the big boys need in order to make decent profit on their intraday scalps (as they are market makers, they cant make as much profit on small scalps when they move the market 3-5 pips by themselves).


edit: i believe you when you say goldman pays them 6 figures... the advantages of being able to trade 24 hours a day are insane! no wonder 70% of all trades are done by EAs
Be hopeful in a winning position, and fearful in a losing position.
  • #123,604
  • Nov 23, 2012 11:57am Nov 23, 2012 11:57am
Quoting kenfen69
To make it a truly epic day...we need to go back and close at the Open now!

I do remember some NFP days a few years ago like that, though.
NOOOOOOOOOOOOOOOOO!!!
Not all sins are created equal
  • #123,605
  • Nov 23, 2012 11:57am Nov 23, 2012 11:57am
lol depending on the close, i will/might look the way out of this one if it closes above 88 ish
after this level i will be looking for shorts about 3159 ish area


Quoting kenfen69
My positions are small, so will play next week and add in size up to 3020ish. Little higher for stop probes. Only 40 pips away, though. If another country gets downgraded in Europe, we may hit it today!
  • #123,606
  • Nov 23, 2012 11:58am Nov 23, 2012 11:58am
Quoting kenfen69
Added short EU at 2883. As much as I'm adding today.
Pulled that as a scalp to get a few in the bank.

Order reset.
  • #123,607
  • Nov 23, 2012 11:58am Nov 23, 2012 11:58am
Quoting chazzle
well , that's it - as far as I can understand ( which may not be much ) algos are made , but constantly updated/tweaked/trashed etc ... by human minds . If we see AI create and update algos , well .... then we're all fucked
It'll come.
Not all sins are created equal
  • #123,608
  • Nov 23, 2012 11:58am Nov 23, 2012 11:58am
Quoting chazzle
i was actually 1.5 out ( as it stands ) - that's quite a way to go in gator terms


Close enough for horse shoes and hand grenades!
  • #123,609
  • Nov 23, 2012 11:59am Nov 23, 2012 11:59am
Quoting kenfen69
Got absolutely savaged!

Attachment
can you zoom out, so that 75 is on it as well? from the back of my mind...
  • #123,610
  • Nov 23, 2012 12:00pm Nov 23, 2012 12:00pm
Quoting Rag2RichesFX
well assume 10 pip stop 15 pip hard TP which is very realistic for m5 hiddens

75% success rate would not be out of the question whatsoever.

as long as the EA had good entries.

problem is i dont know how you can put divergence into code... just seems very difficult to do (granted i cant program at all so i dont know what is difficult and what is not)

which is actually why i believe it is such a powerful indicator. it gives the best entries (leading indicator), which the big boys need in order to make decent profit on their intraday scalps...

if you compare the average close against the average high and low /2... it will trigger it.
  • #123,611
  • Nov 23, 2012 12:00pm Nov 23, 2012 12:00pm
Quoting kenfen69
Pulled that as a scalp to get a few in the bank.

Order reset.
And filled.
  • #123,612
  • Nov 23, 2012 12:02pm Nov 23, 2012 12:02pm
Quoting Big1red9
if you compare the average close against the average high and low /2... it will trigger it.
if you want to code one that would be great!

or if you know anyone who is able to do this, point me in their direction plz

very much appreciated bigred
Be hopeful in a winning position, and fearful in a losing position.
  • #123,613
  • Nov 23, 2012 12:03pm Nov 23, 2012 12:03pm
Quoting Mr Hatch
can you zoom out, so that 75 is on it as well? from the back of my mind...
75 is a loooooooong way off...

Attached Image (click to enlarge)
Click to Enlarge Name: 1D.PNG Size: 51 KB


EU was at 1.43ish then.
  • #123,614
  • Nov 23, 2012 12:05pm Nov 23, 2012 12:05pm
Quoting Mr Hatch
can you zoom out, so that 75 is on it as well? from the back of my mind...
Look different than the FXCM dollar index.
Attached Image (click to enlarge)
Click to Enlarge Name: fxcmdollar.gif Size: 16 KB
  • #123,615
  • Nov 23, 2012 12:06pm Nov 23, 2012 12:06pm
Quoting Rag2RichesFX

problem is i dont know how you can put divergence into code... just seems very difficult to do (granted i cant program at all so i dont know what is difficult and what is not)
me neither , but can tweak others work in a very basic way - if you can see it , you can code it i reckon - oscillator HH/LL over x periods and price LL/HH etc etc
  • #123,616
  • Nov 23, 2012 12:08pm Nov 23, 2012 12:08pm
Quoting kenfen69
Nearly to the pip, gator...I mean chazzle.
i got oct. 4 print. if the algos cant see that.. then who cares..
those who can, do. those who cant, talk about those who can
  • #123,617
  • Nov 23, 2012 12:08pm Nov 23, 2012 12:08pm
Quoting kenfen69
75 is a loooooooong way off...

Attachment

EU was at 1.43ish then.
FXCM Daily
Attached Image (click to enlarge)
Click to Enlarge Name: fxcmdollar.gif Size: 18 KB
  • #123,618
  • Nov 23, 2012 12:09pm Nov 23, 2012 12:09pm
Quoting kenfen69
Pulled that as a scalp to get a few in the bank.

Order reset.
Quoting kenfen69
And filled.
Closed 80% of that one. Order reset again.

Rinsing...repeating.
  • #123,619
  • Nov 23, 2012 12:09pm Nov 23, 2012 12:09pm
I like the EGKID's numbers. I have one at 2805 about 35 pips above it
ermmm would be nice today ... but I think next week

Quoting kenfen69
My positions are small, so will play next week and add in size up to 3020ish. Little higher for stop probes. Only 40 pips away, though. If another country gets downgraded in Europe, we may hit it today!
  • #123,620
  • Nov 23, 2012 12:11pm Nov 23, 2012 12:11pm
Quoting Big1red9
Look different than the FXCM dollar index.
FXCM uses a different formula...

http://en.wikipedia.org/wiki/Dow_Jon...M_Dollar_Index
932 traders viewing now