Filtering threads on basis of Trade Explorer performance | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Trend trading, filtering out some signals with volatility 0 replies

Filtering Signals on Super Signals v3 0 replies

Scanning/filtering before setup analysis 0 replies

Attachments: Filtering threads on basis of Trade Explorer performance
Exit Attachments

Filtering threads on basis of Trade Explorer performance

  • #1
  • First Post: Jun 16, 2013 1:11pm Jun 16, 2013 1:11pm
hi all.


do you think it's a good idea to filter threads on basis of trade explorer performance ?


if yes, we can setup some criteria to filter the good ones and post the links here so that we can organize our schedule to spend more time on a valuable read !




regards
  • #2
  • Jun 16, 2013 1:21pm Jun 16, 2013 1:21pm
No, I think that's a terrible idea. Most of the trade explorers seem to be linked to demo accounts, so the performance means very little.
  • #3
  • Jun 16, 2013 1:21pm Jun 16, 2013 1:21pm
Third Screen Strategy - Dr. Alexander Elder

http://www.forexfactory.com/showthread.php?t=382032
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-06-16_2343.png Size: 29 KB
  • #4
  • Jun 16, 2013 1:25pm Jun 16, 2013 1:25pm
A very good example. A demo account and it's only been running for 3 and a half weeks. Why would you want to filter threads based on that kind of information?
  • #5
  • Jun 16, 2013 1:31pm Jun 16, 2013 1:31pm
Quoting ukmanthailan
No, I think that's a terrible idea. Most of the trade explorers seem to be linked to demo accounts, so the performance means very little.

although i agree with you on what works on demo may not / will not work on a live account, but i don't think anyone who went live, did not traded with their strategy on a demo first.


you can always mention threads in which people did go live with the same strategy & results are being posted regularly.


the thread which i posted above has results of OP - 100pipsaday on a $ 5 k live account.
  • #6
  • Jun 16, 2013 1:36pm Jun 16, 2013 1:36pm
Quoting ukmanthailan
A very good example. A demo account and it's only been running for 3 and a half weeks. Why would you want to filter threads based on that kind of information?

dear that was just an example to discuss what criteria we could keep in mind while filtering threads & you answered yourself.

one of them could be ' profit by days ' which tells us how many number of days the explorer was running & we could possibly look for a bigger period with good results.
  • #7
  • Jun 16, 2013 1:38pm Jun 16, 2013 1:38pm
OK. I haven't read that thread so I can't comment on it and I agree that many people demo first. My concern would be that most people do not behave the same when trading with real money as they do when trading a demo account.

If you want to grade threads on the performance of demo accounts that are being traded according to a method discussed in that thread, I guess it's not actually a "terrible idea". I was probably a bit too hasty to jump in with an opinion. I would however include the length of time that an account had been open and the maximum drawdown that had occurred, in the filter options.

Re. live accounts. I can't speak for others but I wouldn't link mine to trade explorer any more than I would photocopy my bank statements or pay slips and post them on a public forum.
  • #8
  • Jun 16, 2013 1:52pm Jun 16, 2013 1:52pm
well if this really is his live account, then 100pipsaday is making a killing ! he started live with $ 5200.

no harm in learning from him & testing the EA based on his rules. so far many people in the thread tried the EA with good results.

i have setup the EA on pepperstone mt4 & trial begins tomm.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-06-17_0015.png Size: 108 KB
Attached Image
  • #9
  • Jun 17, 2013 1:42am Jun 17, 2013 1:42am
Hi, Your suggestion, is already a thing that I have started to do, I mean, I spent only time with guys that have a trader explorer attached to their thread and if possible linked to a live account.

Here is a link to my trading journal with off course it's live trader explorer attached to it.
http://www.forexfactory.com/showthread.php?t=429004

These guys are also doing well, both have live trader explorer attached.
http://www.forexfactory.com/showthre...47#post6741747
http://www.forexfactory.com/showthread.php?t=424648
http://www.forexfactory.com/pemully#59
http://www.forexfactory.com/showthread.php?t=428425


BT
Simplicity is the Ultimate Sophistication.
  • #10
  • Jun 17, 2013 2:47am Jun 17, 2013 2:47am
Most of the more successful traders - the ones who need to pay tax on their earnings and protect their capital from nosy/greedy friends and family, don't have trade explorers. It doesn't provide any benefit to them.

Besides, looking at somebody's trade performance when they give you advice is a bit like cheating on a test by looking in the back of the book - sure you get the right answer, but you don't understand WHY that answer is correct. Ultimately it doesn't really help you - what you need to be doing is considering all the concepts presented to you, working through them and deciding for yourself which advice is good and which isn't.
si hoc legere scis nimium eruditionis habes
  • #11
  • Jun 18, 2013 2:26pm Jun 18, 2013 2:26pm
Quoting numbnuts
Most of the more successful traders - the ones who need to pay tax on their earnings and protect their capital from nosy/greedy friends and family, don't have trade explorers. It doesn't provide any benefit to them. Besides, looking at somebody's trade performance when they give you advice is a bit like cheating on a test by looking in the back of the book - sure you get the right answer, but you don't understand WHY that answer is correct. Ultimately it doesn't really help you - what you need to be doing is considering all the concepts presented...

agreed, you are practical in your approach !

unfortunately, someone who hasn't even conquered demo, leave alone live, does not have much of a chance to learn REAL TIME !

i came across a concept of fresh supply & demand VS regular support & resistance people trade, it was refreshing and i could not come across that thread untill now even after spending 2 plus yrs practicing & reading !

every successful trader begins with paper trading, why not make it a group effort to tap few sharp minds !

the more you know about the traits of consistently profitable traders REAL TIME the better are your chances to incorporate few new things that you never thought about & i certainly do NOT mean indicators here !!!

and regarding cheating from the book thing - what works REAL TIME certainly does not come from a book !!!

in my opinion, smart money does not care about a price pattern taught in books forming on the charts , all it may care about is taking opposite positions to make you loose and hit your stoplosses by hook/crook - top/bottom,
after all many are seeing the same thing on the same chart taught by similar kind of books,

i love to READ a lot but strongly believe after spending so many countless nights reading - is
that nothing can beat watching real time trading & letting numbers speak !!!

so the point is not to follow all concepts which are presented to you & rather focus only on concepts which perform REAL TIME and ultimately emulate them REAL TIME ourselves.

hence, this concept of outlining data of trade explorer formed.

my previous boss in a debt collection firm always used to state, " At the end of the month DATA talks & BULLSHIT walks"

so i am not here at FF to spend anymore time on countless bullshitting / preaching in countless threads, rather just to subscribe few threads where more than the people .............................................. numbers shout !!!


regards
  • #12
  • Edited 3:29pm Jun 18, 2013 3:16pm | Edited 3:29pm
Quoting broketrader
Hi, Your suggestion, is already a thing that I have started to do, I mean, I spent only time with guys that have a trader explorer attached to their thread and if possible linked to a live account. Here is a link to my trading journal with off course it's live trader explorer attached to it. http://www.forexfactory.com/showthread.php?t=429004
* awesome effort on your part to let us look at your live account performance & make me believe real money can be made in a LIVE account as well.

(P.S - i am sure your new username will be richtrader by next 5 yrs)


* 72 days / 51 trades - all time return 1.7 % - excellent !!!
* even after using a martingale, you have managed to keep risk in control & seeing your number of trades done by you or the EA makes me happy VS the number of days your account has SURVIVED. i took a long time to understand that the gunpowder is essential to remain in the gun if you were to fire any more shots !

hence, preservation of original capital (5k in your case i think) is more important than the increase % in your account (1.7%) & i loved the part where you read you are not concerned about the gain % every month but would like to let the EA run for next 5 yrs rather.

Quoting broketrader
These guys are also doing well, both have live trader explorer attached.
http://www.forexfactory.com/showthre...47#post6741747
* geo is an amazing scalper who would never go broke taking small profits & withdrawls.
* i like the part of him not being selfish & not forcing the market to give him x number of pips everytime he takes a trade & i'm sure he has a poster on his wall which says, "one bird in hand better than two in the bush"

* LIVE ACCOUNT

rocket like discipline is what makes him a geniune scalper & plays the game to his benefit & not for others

Quoting broketrader
http://www.forexfactory.com/showthread.php?t=424648
* number of days of survival - 107 number of trades - 27 all time return - 19.8 % -dailysniper is exactly what he uses
* LIVE ACCOUNT

Quoting broketrader
http://www.forexfactory.com/pemully#59
* number of days of survival - 99, number of trades - 54 all time return - 40.5 % - he is a machine !!!
* LIVE ACCOUNT


Quoting broketrader
http://www.forexfactory.com/showthread.php?t=428425
* number of days of survival - 18, number of trades - 28 all time return - -1.3 % - nice looking charts but he has taken RSI too seriously
* LIVE ACCOUNT - dying in slow breath, RSI is unlimited


@ numbnuts - this is exactly what i looked forward to when i had opened this thread !

@ broketrader - thanks a ton !!!!
  • #13
  • Jun 18, 2013 3:39pm Jun 18, 2013 3:39pm
Why don't you just use the trades tab at the top of the page and search the 2013 top live traders? Seems easy to do.
  • #14
  • Jun 18, 2013 10:31pm Jun 18, 2013 10:31pm
You can emulate someone's method, MM and trade management, but you can never fully truly master their psychology or the way they think. Which makes pretty much the difference.

And the gems about psychology of trading are quite scattered among the threads and in the sea of nonsense
  • #15
  • Jun 19, 2013 12:03am Jun 19, 2013 12:03am
If you filtered then you would read FF in one day and be gone. lol

There are some 'must read' or 'valuable' threads going on. Trade Explorer filter may be too erratic as most real traders don't care to share that.
  • #16
  • Last Post: Jun 19, 2013 2:57am Jun 19, 2013 2:57am
binocular's ain't getting down anytime soon.

do me a favor, if you care enough to write a post in this thread .. just post a live trader explorer link with good consistent results if you come across any at all.


let's witness some useful links like broketrader posted.
0 traders viewing now