Yes, if you were English, you would of course know that it should be Gumrai and I have not even the same country of originSorry FerruFx, couldn't resist it
MT4/MT5 EAs/Indicators/Alerts coder
- #101
- May 21, 2013 8:27am May 21, 2013 8:27am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
- #103
- May 21, 2013 8:40am May 21, 2013 8:40am
Like becoming a passenger on a plane that piloting by someone we don't know him/her + we don't know where he/she will bring us too.
The bad news is we are chain in that plane, blindfolded our eyes and no parachute.
I hope all of you save to the destination.
Godspeed me not all of you,.
The bad news is we are chain in that plane, blindfolded our eyes and no parachute.
I hope all of you save to the destination.
Godspeed me not all of you,
.
It's all 'bout the dum dum...
- #106
- Edited 4:14pm May 21, 2013 1:36pm | Edited 4:14pm
- Joined Sep 2006 | Status: ... | 8,112 Posts
I’m trying very hard to avoid the addiction of forums these days, but I couldn’t resist typing a brief reply to this thread. (Epic fail, hanover 
..... LOL).
Several months ago I developed an indicator that generates the numbers shown in the attached screenshot. Its calculations are based on taking multiple linear regressions of each currency pair across different timeframes, and weighting their slopes suitably, to give an average strength rating for each pair.
However, unlike slamdunk, I use my indicator to trade in the direction of the strongest trends, rather than attempting to fade them. If you’re going to fade overbought or oversoldness, then it makes more sense to look at pairs comprising positively correlated currencies, which are more likely to be ranging, as opposed to those that are currently the strongest trending. Trading is about exploiting probabilities, and macroeconomic factors can hold trends in place for several weeks.
For example, last Nov/Dec, AUD was strongest and JPY was weakest for a prolonged period, allowing a trend trader a decent profit. While anybody attempting to fade AUDJPY repeatedly would have suffered a series of heavy losses. (See second screenshot). This also highlights the importance of risk management.
Moreover, I don’t add to losses (as legendary supertrader Paul Tudor Jones says, “losers average losers”), and I use a stoploss so that I’m never exposed to unlimited loss. A sound risk model is the cornerstone of prudent trading.
Arbitrage (the possibility of risk-free profit at zero cost, by attempting to exploit a temporary price imbalance) is not realistically available to retail traders, for the reasons explained in this article.
When folk flame or ban anybody who disagrees with them, it suggests to me that they are intimidated by the possibility of reasoned discussion. Now I expect to be flamed and banned also. LOL.
@slam.dunk: no hard feelings buddy. Even though our trading methods are apparently completely opposite, I wish you every success with your journal.
..... LOL).Several months ago I developed an indicator that generates the numbers shown in the attached screenshot. Its calculations are based on taking multiple linear regressions of each currency pair across different timeframes, and weighting their slopes suitably, to give an average strength rating for each pair.
However, unlike slamdunk, I use my indicator to trade in the direction of the strongest trends, rather than attempting to fade them. If you’re going to fade overbought or oversoldness, then it makes more sense to look at pairs comprising positively correlated currencies, which are more likely to be ranging, as opposed to those that are currently the strongest trending. Trading is about exploiting probabilities, and macroeconomic factors can hold trends in place for several weeks.
For example, last Nov/Dec, AUD was strongest and JPY was weakest for a prolonged period, allowing a trend trader a decent profit. While anybody attempting to fade AUDJPY repeatedly would have suffered a series of heavy losses. (See second screenshot). This also highlights the importance of risk management.
Moreover, I don’t add to losses (as legendary supertrader Paul Tudor Jones says, “losers average losers”), and I use a stoploss so that I’m never exposed to unlimited loss. A sound risk model is the cornerstone of prudent trading.
Arbitrage (the possibility of risk-free profit at zero cost, by attempting to exploit a temporary price imbalance) is not realistically available to retail traders, for the reasons explained in this article.
When folk flame or ban anybody who disagrees with them, it suggests to me that they are intimidated by the possibility of reasoned discussion. Now I expect to be flamed and banned also. LOL.
@slam.dunk: no hard feelings buddy. Even though our trading methods are apparently completely opposite, I wish you every success with your journal.
- #108
- May 21, 2013 3:22pm May 21, 2013 3:22pm
I’m trying very hard to avoid the addiction of forums these days, but I couldn’t resist typing a brief reply to this thread. (Epic fail, hanover
- #109
- May 21, 2013 6:27pm May 21, 2013 6:27pm
I’m trying very hard to avoid the addiction of forums these days, but I couldn’t resist typing a brief reply to this thread. (Epic fail, hanover
BTW, I'm a fan and user of your strength indicators. Thanks!!!
Have you posted this indicator on FF? If not yet, are you going to?
- #110
- May 22, 2013 1:41am May 22, 2013 1:41am
{quote} hello jasondean, my custom software generates the following series of numbers: EURAUD 89 GBPAUD 50 EURCHF 45 EURGBP 39 CADCHF 25 NZDCHF 23 EURNZD 22 EURCAD 20 GBPCHF 6 NZDCAD -2 GBPNZD -17 GBPCAD -19 AUDCHF -44 AUDNZD -67 AUDCAD -69 notice that the above numbers range from +100 thru -100 ok, with me so far? great. instructions: sell at the top. buy at the bottom. close at the middle. or, said another way: sell at or near +100 buy at or near -100 close at 0.
- #113
- Sep 3, 2013 11:39pm Sep 3, 2013 11:39pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
my trading system really is very simple. sell at or near +100 buy at or near -100 close at or near 0. the part of this that is giving you difficulty is that this is really the holy grail. see what i am saying? it is really high level sht. i luvs my work. if you have further questions, just let me know.
But really... Nobel Peace Prize? You really expect that?!
Perhaps if you are actually that good and as good as you say you are, then maybe you would like to work with me on my algorithm? It's going to be the ultimate and I am looking for a genuine partner.
It's easy to generate just one number and compare and trade off of that, but unless you are taking all of the factors into account, and I do mean ALL (there are ways to account for everything... if you just know how
), then your system will be unable to adapt to changing market conditions. Plus, it is difficult to trade around one single number because the trader's time frame or perspective may not be in line with that number.You may or may not have taken this into account - I cannot tell judging by what I've read - but perhaps this might be worth a discussion and I'd be happy to talk to you if interested.
Also, great things take time. But you should probably give up your Nobel Prize dreams because even if it were awarded to some sort of trader (which would be unusual), I'd most certainly get it before you
Gotta at least automate the system to the point of where no human intervention is necessary before such a prize would ever even be considered!
Please check out my blog at https://from-zero-to-hero . net
- #115
- Sep 4, 2013 12:38am Sep 4, 2013 12:38am
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Please check out my blog at https://from-zero-to-hero . net
- #116
- Sep 4, 2013 12:43am Sep 4, 2013 12:43am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
MT4/MT5 EAs/Indicators/Alerts coder
