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  • #7,321
  • Feb 4, 2013 11:02pm Feb 4, 2013 11:02pm
Tony where do you buy your disco balls ??
  • #7,322
  • Feb 4, 2013 11:17pm Feb 4, 2013 11:17pm
Quoting Benjie
Tony where do you buy your disco balls ??
oh ok, she gives them to me
Attached Image (click to enlarge)
Click to Enlarge Name: disco2234.jpg Size: 139 KB
Invest in alarm clocks
  • #7,323
  • Feb 4, 2013 11:44pm Feb 4, 2013 11:44pm
Even better !!
  • #7,324
  • Feb 5, 2013 12:06am Feb 5, 2013 12:06am
Quoting FXEZ
No. By taking the average of the 8 TP cases presented it is equivalent to taking your initial entry position and dividing it by 8. So .125 percent of the initial position would be taken off at 20 TP, 0.125 of the initial position at 30 TP, and so forth until the final 1/8 of the initial position hits the 800 TP or stops out.

To get the diversification effect you need to effectively trade all 8 of the systems. This is why I say you effectively take off one eighth of a position at each progressive TP level. Randomly selecting a TP will have unpredictable...
hey guys I'm loving the effort you're putting into testing this.

Just want to point out, in case you missed it, that the way this style of trading works, you can only be in 1 trade at any one time. so for a 800 TP target, that might lock up your options for awhile. Is that factored in? for eg, you're currently in a trade, and because of that, u miss the cruciall 800tp trade.
  • #7,325
  • Feb 5, 2013 4:55am Feb 5, 2013 4:55am
Quoting Datum
I have an IG account and minimum SL is 5 pips for the EURUSD, but even that is not an issue as one could stay in front of the computer until BE or simply close trade as soon as price goes down 2 pips. I did not know they raised spread that much, does that happen often?



The week is pretty well distributed in terms of winning days. I guess Thursday is the day that got the least winning trades.


the fear with having an sl of even 5 pips is if market moves very fast, highy likey during open, your 5 pips wil be taken out before you can close it.

stop loss is definately 10 pips with ig index during london open, on both eu and gu. during the day it goes down.
  • #7,326
  • Feb 5, 2013 5:17am Feb 5, 2013 5:17am
Quoting Datum
I just finished my 2012 tick back test.

Method.
Forex Tester tick data...
Datum,
I tested this: M1, after a 20 pips or bigger candle closes, enter in the direction of the first 2 pips of the new candle, SL = 2 pips + spread, TP = 50 pips, from Sept-2011 to Sept 2012 (1 year, Alpari demo), should make 30, 40 times ROI, depending on spread fluctuations. Do you think you can test this as well? If tests are good, maybe someone can modify Zen Leow EA to forward test it?!
r u ready?
  • #7,327
  • Feb 5, 2013 8:43am Feb 5, 2013 8:43am
2 candle fails for today


Btw, for those who missed, Monday's LO open, I hope you didn't miss Tuesday's LO open!!

Both were epics
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  • #7,328
  • Feb 5, 2013 10:05am Feb 5, 2013 10:05am
Did you test it with 5second candles?



Quoting Datum
I just finished my 2012 tick back test.

Method.
Forex Tester tick data

Rules.
1. Enter @ London Open and New York Open (2 trades per day)
2. Enter when price moves 2 pips in 1 direction. (Enter sell if price went down 2 pips and vice versa)
3. SL is set at 2 pips (1pip + 1 pip spread)
4. Move SL @ BE when price moves 5 pips in our favor from entry.


Highlights.
1. As you can see as per attachment TP 800 is the champion of the year 2012
2. You will also notice TP 30 has almost no draw-down
3. Any TP will make you money
4. I know...
  • #7,329
  • Feb 5, 2013 3:54pm Feb 5, 2013 3:54pm
Quoting Tony112
It's surprising to see that there are not a lot of people that reach into sucess though. Even though this method is making me hundreds of thousands of dollars, the thread is still very quiet at some times. I makes me think of an aspect of life where some individual can never be changed. It's just like trying to make a dog read a book. He'll never be able. So interesting.
I know people who complain about working paycheck to paycheck and being broke all the time. I offer to help them learn how to trade. Nope....they'd rather post mindless drivel on Facebook and cry woe is me. Learning to trade requires effort and a willingness to change. Most people want stuff handed to them, so they think the lottery or stealing from others (redistribution of wealth qualifies) is the only way to riches.

No wonder our king won a second term so handily. Sad state of affairs......makes me glad I'm getting old.
  • #7,330
  • Feb 5, 2013 5:29pm Feb 5, 2013 5:29pm
Quoting Tony112
oh ok, she gives them to me


that body !
  • #7,331
  • Feb 5, 2013 5:50pm Feb 5, 2013 5:50pm
Quoting Bryan
I know people who complain about working paycheck to paycheck and being broke all the time. I offer to help them learn how to trade. Nope....they'd rather post mindless drivel on Facebook and cry woe is me. Learning to trade requires effort and a willingness to change. Most people want stuff handed to them, so they think the lottery or stealing from others (redistribution of wealth qualifies) is the only way to riches.

No wonder our king won a second term so handily. Sad state of affairs......makes me glad I'm getting old.
Your king won because the only faction that posed danger to him offered up the court jester as an opponent.
  • #7,332
  • Feb 5, 2013 9:46pm Feb 5, 2013 9:46pm
Quoting Bryan
I know people who complain about working paycheck to paycheck and being broke all the time. I offer to help them learn how to trade. Nope....they'd rather post mindless drivel on Facebook and cry woe is me. Learning to trade requires effort and a willingness to change. Most people want stuff handed to them, so they think the lottery or stealing from others (redistribution of wealth qualifies) is the only way to riches.

No wonder our king won a second term so handily. Sad state of affairs......makes me glad I'm getting old.
I liked what I read here cause it's the truth.
Invest in alarm clocks
  • #7,333
  • Feb 5, 2013 9:48pm Feb 5, 2013 9:48pm
Quoting whatfx
that body !
she gives me balls, I give her balls too. disco balls. that is
Invest in alarm clocks
  • #7,334
  • Feb 6, 2013 2:24am Feb 6, 2013 2:24am
I couldn't place a trade on the LO. My account balance is at a record and couldn't press sell.
After all those years. It went down about 30 pips it's huge
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  • #7,335
  • Feb 6, 2013 2:27am Feb 6, 2013 2:27am
shutting down computer, it's burning my organs to see this. I know I'm ruining my health. I don't know why I didn't press sell... we've had 3 consecutive epic LO opens.
Invest in alarm clocks
  • #7,336
  • Feb 6, 2013 2:28am Feb 6, 2013 2:28am
i think it might bite back though
Invest in alarm clocks
  • #7,337
  • Feb 6, 2013 2:34am Feb 6, 2013 2:34am
i get a feeling of major news coming out
Invest in alarm clocks
  • #7,338
  • Feb 6, 2013 2:34am Feb 6, 2013 2:34am
I wanna see a 10 pip candle
Invest in alarm clocks
  • #7,339
  • Feb 6, 2013 5:37am Feb 6, 2013 5:37am
Hey Tony !
How many lots do you trade this times ?
  • #7,340
  • Feb 6, 2013 7:05am Feb 6, 2013 7:05am
Quoting Tony112
I wanna see a 10 pip candle
Did u catch the 17 pips candle at 7:54AM EST? Price went down 1.9 pips after that one closed and then continued going north. Spread was still low, but dynamic as per newer Oanda changes (max 1.5 at one point). I'm thinking if it would be better to let it go against the initial momentum and only enter at the high/low of the big candle, when price comes back (to the high of the 17 pips candle in this case), usually after a couple of 5 sec candles?!
r u ready?
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