Could this be an easy way to win in forex? | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hard Way, Easy Way 115 replies

No Ducks Given - Make money from forex the easy way 21 replies

Why and how Win-Win in Forex is possible 56 replies

Is there an "easy" way to trade on Forex? 98 replies

Attachments: Could this be an easy way to win in forex?
Exit Attachments

Could this be an easy way to win in forex?

  • #121
  • Jul 20, 2013 2:28am Jul 20, 2013 2:28am
Quoting Ishtana
{quote} You're right. I did try first of all to just simply flip and maintained the rules of the original system. It doesn't work as easy as that. My light bulb moment came when I understood why the original system fails badly. Again, you cannot just reverse the signal. You have to study what happens after the signal is fired, and why it was fired in the first place.
Thanks for taking the time to reply.
I have theorized about it further why exactly those systems work when you reverse the signal. I believe this is an important question to ask. The most obvious answer to me would be that they fire the signal too late, causing the entry to be too late and price actually ready for a pullback, before either continuing or not. With a tight stop, this pullback causes you to be stopped out.
  • #122
  • Jul 20, 2013 2:41am Jul 20, 2013 2:41am
Ishtana, help me out here. What about daily and weekly charts. Have you done any research on these tf's?
  • #123
  • Jul 20, 2013 3:25am Jul 20, 2013 3:25am
Quoting Ishtana
This is not a mockery. Could thise be an easy way to win in Forex?
There is NO easy way to win in Trading, whether Forex, Stocks or whatever.

What you need to do is get control of your emotions... and thats not at all easy, it will probably take you years.
In the days of old when sailors were bold, and seldom if ever contented.
  • #124
  • Jul 20, 2013 6:55am Jul 20, 2013 6:55am
Quoting bdebaere
{quote} Thanks for taking the time to reply. I have theorized about it further why exactly those systems work when you reverse the signal. I believe this is an important question to ask. The most obvious answer to me would be that they fire the signal too late, causing the entry to be too late and price actually ready for a pullback, before either continuing or not. With a tight stop, this pullback causes you to be stopped out.
Great insight. In reverse, that pullback causes your TP to be hit. I think my system takes the advantage of the constant noise that happens when it fires the signal, as if price temporarily picks up my TP before going away. Mind you it's quite often that after my TP is hit, price went opposite big time. So keep your TP less than 10. After all, this is a scalping strategy.

Quoting MedievalEcon
Ishtana, help me out here. What about daily and weekly charts. Have you done any research on these tf's?
I'd be glad to help. TF, in any system, is an important aspect. My research includes TFs and yes my EA would perform terribly under certain TFs. I can't say much without knowing the indi that people use for this strategy, but it would be a good idea to test your system on all TFs, except probably MN. You would only get 1 signal per month if your system is based on open/close candle.

If you have any other qs, I'll be back on Monday. I'll blackout tomorrow all day. I only work 6 days a week. So y'all have a good weekend.
  • #125
  • Jul 20, 2013 9:16am Jul 20, 2013 9:16am
Quoting Ishtana
{quote} Great insight. In reverse, that pullback causes your TP to be hit. I think my system takes the advantage of the constant noise that happens when it fires the signal, as if price temporarily picks up my TP before going away. Mind you it's quite often that after my TP is hit, price went opposite big time. So keep your TP less than 10. After all, this is a scalping strategy.
Do note however, that it could just be because you changed the R/R from 2 to 1/2. Basically this in itself will cause more wins on an EA, seeing as if your balance would allow it you could in essence open a 0.01 order without SL and over the course of a year, maybe more depending on your TP, you will win.
If you can't lose (no SL), you can only win.
  • #126
  • Jul 21, 2013 1:00am Jul 21, 2013 1:00am
Ishtana, the guy who programmed my pc to do its tricks is currently sailing around the world since late last year <<<<< useless information but my pc needs tweaking and I will just have to wait until he returns if at all lol.
I was trying to work out if what you say is/could be possible but this gets back to my pc not working its magic . But what I have seen and it is only one example is that I used 15 min candle using inside bars, with the inside bar instead of trading the normal way do exactly the opposite and look for 10 pips, and surprisingly it has a goog hit rate, we are talking retrace trading on a small scale.Just thought I would mention it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #127
  • Jul 21, 2013 7:15pm Jul 21, 2013 7:15pm
Quoting billytt
Ishtana, the guy who programmed my pc to do its tricks is currently sailing around the world since late last year
Would that be Bill Gates, Michael Dell or Steve Jobs ??

.... before you reply.... 'eh, never mind. I just wasn't aware that my pc could do trading "tricks",
seemingly without my knowledge.

No wonder your programmer is sailing 'round the World 'ay ?

And you're NOT doing that.... why???
When the Joker is in the deck.. fear not and play it well
  • #128
  • Jul 21, 2013 7:38pm Jul 21, 2013 7:38pm
Quoting billytt
Ishtana, the guy who programmed my pc to do its tricks is currently sailing around the world since late last year <<<<< useless information but my pc needs tweaking and I will just have to wait until he returns if at all lol.
But really..... you gave your money to your programmer so that he could
sail 'round the World and you're left "holding the bag".
Is that about right ?? I don't know.

Ish' said something about... "how can someone with 10v's be a moron" (not exact quote)

Would THAT be an example ? I don't know that either.

I'm always open to argumentative feedback though...............

atb
When the Joker is in the deck.. fear not and play it well
  • #129
  • Edited 11:55pm Jul 21, 2013 8:51pm | Edited 11:55pm
Quoting bdebaere
{quote} Do note however, that it could just be because you changed the R/R from 2 to 1/2. Basically this in itself will cause more wins on an EA, seeing as if your balance would allow it you could in essence open a 0.01 order without SL and over the course of a year, maybe more depending on your TP, you will win. If you can't lose (no SL), you can only win.
I agree. Putting a larger risk ratio than the reward ratio is really foolish in a conventional trading system. It is as if you're prepared to lose more than to win.

This strategy is an exception to common wisdom and common teaching of trading, so yes, it can work but only on very limited circumstances.

I however strongly suggest that you use a SL in any system. Don't let the ultimate stop loss (margin call) really stops you from your trading. I've got a margin call myself. And seeing that red background on your equity line is not a pleasant sight at all. Please use SL. It's ok that if by using a SL your system winning rate is reduced a little bit. Over the long term you still win.

Quoting billytt
Ishtana, the guy who programmed my pc to do its tricks is currently sailing around the world since late last year <<<<< useless information but my pc needs tweaking and I will just have to wait until he returns if at all lol. I was trying to work out if what you say is/could be possible but this gets back to my pc not working its magic . But what I have seen and it is only one example is that I used 15 min candle using inside bars, with the inside bar instead of trading the normal way do exactly the opposite and look for 10 pips, and surprisingly...
I'm glad to hear your progress. Even though you had an initial resistance to this idea (like any normal and rational person would do), but you don't abuse your intelligence by delegating your thinking to someone else. You let evidence to speak for itself. That's a sign of intelligence.

Keep going, keep experimenting, and you'll get there sooner or later. There is more than one way to skin a cat. And be contend with 80% winning rate. People look for such system all their life.
  • #130
  • Jul 21, 2013 9:01pm Jul 21, 2013 9:01pm
Quoting Ishtana
{quote} I agree. Putting a larger risk ratio than the reward ratio is really foolish in a conventional trading system. It is as if you're prepared to lose more than to win. This strategy is an exception to common wisdom and common teaching of trading, so yes, it can work but only on very limited circumstances. I however strongly suggest that you use a SL in any system. Don't let the ultimate stop loss (margin call) really stops you from your trading. I've got a margin call myself. And seeing that red background on your equity line is not a pleasant...

I agree. Putting a larger risk ratio than the reward ratio is really foolish in a conventional trading system. It is as if you're prepared to lose more than to win.

I think there is nothing wrong with it
Putting a larger risk ratio than the reward ratio
= it's like people who do average down (martingale) =
if there is something you should keep secret,simply just save it,, so, just
  • #131
  • Jul 21, 2013 9:07pm Jul 21, 2013 9:07pm
Quoting sandycarrot
{quote} I agree. Putting a larger risk ratio than the reward ratio is really foolish in a conventional trading system. It is as if you're prepared to lose more than to win. I think there is nothing wrong with it Putting a larger risk ratio than the reward ratio = it's like people who do average down (martingale) =
That's right, but you have to be sure that you have a high winning rate system to use a negative MM setting. Winning 2 out of 4 trades with negative MM setting would cost you money, winning 2 out of 4 trades with positive MM setting would give you money.
  • #132
  • Jul 21, 2013 9:10pm Jul 21, 2013 9:10pm
Quoting Ishtana
{quote} I agree. Putting a larger risk ratio than the reward ratio is really foolish in a conventional trading system. It is as if you're prepared to lose more than to win. This strategy is an exception to common wisdom and common teaching of trading, so yes, it can work but only on very limited circumstances. I however strongly suggest that you use a SL in any system. Don't let the ultimate stop loss (margin call) really stops you from your trading. I've got a margin call myself. And seeing that red background on your equity line is not a pleasant...
I however strongly suggest that you use a SL in any system. Don't let the ultimate stop loss (margin call) really stops you from your trading. I've got a margin call myself.

it's nothing harm if you do not use SL at all ;;
ie :
you within 24 hours or 48 hours
you can win 150 pips could also lose 150 pips
so the chances of winning and losing is balanced
as long as you do not over-leveraged
if there is something you should keep secret,simply just save it,, so, just
  • #133
  • Edited Jul 22, 2013 12:45am Jul 21, 2013 9:39pm | Edited Jul 22, 2013 12:45am
Quoting sandycarrot
{quote} I however strongly suggest that you use a SL in any system. Don't let the ultimate stop loss (margin call) really stops you from your trading. I've got a margin call myself. it's nothing harm if you do not use SL at all ;; ie : you within 24 hours or 48 hours you can win 150 pips could also lose 150 pips so the chances of winning and losing is balanced as long as you do not over-leveraged
I have to disagree with you. You could only say that you have a 50/50 balanced chance in forex trading if you don't understand how the major players work. Without this understanding, you are a gambler or a technical analysis gambler. At the swing peak, which can be identified once you're proficient, the probability of reversal is so high, you simply cannot say within 24/48 hours price will come back. No, to come back requires real equity commitment to move the price back and that would cause a loss to the major players. They would not do it.

The major players are never confused, the market never consolidate in terms of retail traders' definition, they only sometimes unsure where to go because the money is equal on both sides and would be hard for them to make a profit. Again, my real trading system (not the scalping strategy mentioned in this thread) is also unconventional by common standard so you may disagree with my opinion, but my opinion is based on evidence.
  • #134
  • Jul 22, 2013 12:13am Jul 22, 2013 12:13am
Quoting Slim Buffett
{quote} Would that be Bill Gates, Michael Dell or Steve Jobs ?? .... before you reply.... 'eh, never mind. I just wasn't aware that my pc could do trading "tricks", seemingly without my knowledge. No wonder your programmer is sailing 'round the World 'ay ? And you're NOT doing that.... why???
actually no, but funny thing is my mates name is a mix up of the above lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #135
  • Jul 22, 2013 12:21am Jul 22, 2013 12:21am
Quoting Slim Buffett
{quote} But really..... you gave your money to your programmer so that he could sail 'round the World and you're left "holding the bag". Is that about right ?? I don't know. Ish' said something about... "how can someone with 10v's be a moron" (not exact quote) Would THAT be an example ? I don't know that either. I'm always open to argumentative feedback though............... atb
Here we go, another low life trying to shock the thread. My friend is taking a long break away and as for the stuff he got my pc to do, well it was all free (a good friend indeed).even though I have a 26 ft 900cc speed boat I do not do sailing around the world even though I have looked after people on cruise ships or yachts in blah blah. So I personally hope you go fys and leave the thread alone or I might start bragging to you what I have, goodbye cock
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #136
  • Jul 22, 2013 12:32am Jul 22, 2013 12:32am
Quoting Ishtana
{quote} I agree. Putting a larger risk ratio than the reward ratio is really foolish in a conventional trading system. It is as if you're prepared to lose more than to win. This strategy is an exception to common wisdom and common teaching of trading, so yes, it can work but only on very limited circumstances. I however strongly suggest that you use a SL in any system. Don't let the ultimate stop loss (margin call) really stops you from your trading. I've got a margin call myself. And seeing that red background on your equity line is not a pleasant...
Ishtana, I was running tests and I can see where you are going with your input but I already have sound trading method ie open breakout,inside/outside bars. I spend a lot of time testing and testing as my percentages/odds/statistics are continually being adjusted and as I am doing this I will get bored hence I looked at your ideas lol... I normally have Coltrane music playing or practise on my sax.
But like I say it is as hard to trade a losing method than a good one, BUT I will keep looking, b e good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #137
  • Jul 22, 2013 12:38am Jul 22, 2013 12:38am
Quoting billytt
{quote} Ishtana, I was running tests and I can see where you are going with your input but I already have sound trading method ie open breakout,inside/outside bars. I spend a lot of time testing and testing as my percentages/odds/statistics are continually being adjusted and as I am doing this I will get bored hence I looked at your ideas lol... I normally have Coltrane music playing or practise on my sax. But like I say it is as hard to trade a losing method than a good one, BUT I will keep looking, b e good
Coltrane/Ella/Davies/Evans/Getz are the perfect accompaniment when you're trading. Put you in the right mood/zen. I even often practice my standards while trading LOL.

Just take this as a side project. If you already found a winning system then focus on it, like I do.
  • #138
  • Jul 22, 2013 12:44am Jul 22, 2013 12:44am
Quoting Ishtana
{quote} Coltrane/Ella/Davies/Evans/Getz are the perfect accompaniment when you're trading. Put you in the right mood/zen. I even often practice my standards while trading LOL. Just take this as a side project. If you already found a winning system then focus on it, like I do.
Any method if it proves to make me trade easier I will trade, that is why I frequent these sites looking for new ideas, secondly I was/am gathering information and thirdly I visit these sites as entertainment too. be good, I am currently trading and should not be talking lol,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #139
  • Edited 2:13am Jul 22, 2013 1:34am | Edited 2:13am
I'm amazed at how even the default indi on my MT4 terminal provide such uh... bad, but-in-a-good-way indi. Here are the 4 top best performing indis for this strategy on MT4 default. Stoch, CCI, %R, and DeMark. All on standard settings. Works wonderfully from 15M TF up. Everytime this indi fires a signal according to common usage, there is a constant and significant continuation of the previous trend, albeit small. Magic. I don't understand why these work, but they just do.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 100 KB
  • #140
  • Jul 22, 2013 2:10am Jul 22, 2013 2:10am
finished trading until us opens in 3 hours. e/j was tricky on the uk open but hey ho. I like stan getz too, I can play desifinado not too badly and the tenor part on a piece called de drums I think written by Jarrett. my ability on the tenor sax though is about 3 out of 10 lol. I am also playing the blues harp and I guess that is my INSTRUMENT. right lets look at figuring out your ideas, br good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
0 traders viewing now