We have a working set of studies. That work | Forex Factory

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We have a working set of studies. That work

  • #1
  • First Post: Dec 3, 2013 5:03am Dec 3, 2013 5:03am
Hello All,

This is a first message in this thread and I shall attempt to be as transparent as possible.

A group of us have been working as a team for more than a year (collectively it represents several years of work) and have coded a number of studies that appear to give very clear, very visible signals on positions to take on forex trades.

I am happy to discuss our credentials but this is not a 'pay $5 today and we will make you rich' system and we individually enjoy remarkable returns daily. This morning the system generated 500+ points of entries which we individually banked well over 100 points each. Before 10am. It does require a working comprehension of Guppy and Retracement to be most effective though I guess this is not essential.

I have been given the dubious task of establishing if and how we would go about wrapping it in a package and making it available. Please understand, we believe in the system and its accuracy, but are not clear on what we would need to do to get it out there.

Any sensible input is welcome, you may also message me directly.

Thank you,

HP
In life you get 3 types of people, those who can count and those who can't.
  • #2
  • Dec 3, 2013 5:44am Dec 3, 2013 5:44am
Quoting HedgePiglet
Hello All, This is a first message in this thread and I shall attempt to be as transparent as possible. A group of us have been working as a team for more than a year (collectively it represents several years of work) and have coded a number of studies that appear to give very clear, very visible signals on positions to take on forex trades. I am happy to discuss our credentials but this is not a 'pay $5 today and we will make you rich' system and we individually enjoy remarkable returns daily. This morning the system generated 500+ points of entries...
100 points is meaningless. With a lot of brokers 100 points is 10 pips.
How many points are you risking per trade? Points can only have some sort of usefulness when compared to the risk per trade.
Open a trade explorer or MYFXBook now and show what you can do in real time.
Please Do Not PM Me With Coding Enquiries
  • #3
  • Dec 3, 2013 5:54am Dec 3, 2013 5:54am
My apologies in the definition. I shall include two screen grabs, one of this morning's trades (there have been an additional 3 since I made the screen shot) as well as the system being used on the DOW which generated 300+ pips in 2 days.

To be clear. 100 points as I defined it is 100 x your lot size or pip value. So if you trade £5 a point, thats £500.

Attached Image (click to enlarge)
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The DOW showing 300+

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-12-03 at 11.42.29.png Size: 159 KB


HP
In life you get 3 types of people, those who can count and those who can't.
  • #4
  • Dec 3, 2013 6:28am Dec 3, 2013 6:28am
Quoting HedgePiglet
My apologies in the definition. I shall include two screen grabs, one of this morning's trades (there have been an additional 3 since I made the screen shot) as well as the system being used on the DOW which generated 300+ pips in 2 days. To be clear. 100 points as I defined it is 100 x your lot size or pip value. So if you trade £5 a point, thats £500. {image} The DOW showing 300+ {image} HP
Unfortunately lately when I click on attached images I am unable to enlarge them, so I cannot make out your charts.

As i have already said, profit in points is meaningless, it makes no difference just adding a value per point. The important thing is return compared to risk. So how many points were risked to make that 100 point profit?
Please Do Not PM Me With Coding Enquiries
  • #5
  • Dec 3, 2013 6:39am Dec 3, 2013 6:39am
We risk between 0.5% and 1% of our total account per trade. (Each individual on the team has a different risk appetite)

I'm not sure how to explain it in the way I understand it.

If you 'risk' £1 per point/pip, so far this morning the system has generated WELL over 600 points/pips. This means if your trade size it £1 per pip, you will have had access to over 600 points/pips.

We have a personal target of only 100 per day and from this we generate enough income to live very, very comfortably.

Is there another way I can try to explain it?

HP
In life you get 3 types of people, those who can count and those who can't.
  • #6
  • Dec 3, 2013 6:47am Dec 3, 2013 6:47am
Quoting HedgePiglet
We risk between 0.5% and 1% of our total account per trade. (Each individual on the team has a different risk appetite) I'm not sure how to explain it in the way I understand it. If you 'risk' £1 per point/pip, so far this morning the system has generated WELL over 600 points/pips. This means if your trade size it £1 per pip, you will have had access to over 600 points/pips. We have a personal target of only 100 per day and from this we generate enough income to live very, very comfortably. Is there another way I can try to explain it? HP
If I were to say to you---
"Today I opened a trade and risked 1% of my account, I made 100 points profit, isn't that great?"
Would that make sense to you?
Please Do Not PM Me With Coding Enquiries
  • #7
  • Dec 3, 2013 6:56am Dec 3, 2013 6:56am
Open an account at myfxbook to prove your results, currently they are just pretty pictures. At myfxbook you can make your account available for others and myfxbook also verifies the results. A second though you can probably do the same in Forex Factory. And by the way, they also import trades made in the past so we can see the magnificent results you have posted here as pictures. Looking forward to it!

Good luck,
olympus
  • #8
  • Dec 3, 2013 7:14am Dec 3, 2013 7:14am
They are very pretty pictures thank you.

This is a question of how to wrap something in a commercial layer, so that others can do the same. Its not an online pi$$ing contest and as you say, if I quietly slip away frustrated with the vitriole my question gets, my life and its path will not fundamentally alter.

Quite why everyone feels that seeing the balance of my personal trading account is the holy grail confuses me. I can show a baboon how to throw a stick, that doesnt mean he's going to keep throwing it how it was meant the moment I leave.
In life you get 3 types of people, those who can count and those who can't.
  • #9
  • Dec 3, 2013 7:26am Dec 3, 2013 7:26am
Since your in the commercial section I assume you're going to offer your system to the public for a price. I guess the $64,000 questions will be can you prove it works and if so how much will it cost???
  • #10
  • Dec 3, 2013 7:34am Dec 3, 2013 7:34am
Quoting ozziedave
Since your in the commercial section I assume you're going to offer your system to the public for a price. I guess the $64,000 questions will be can you prove it works and if so how much will it cost???
Hi Ozziedave,

The honest answer is yes, it works. I am not a marketing person, I am not a sales guru and each of us on our team is quite content to continue as we have. I have been a little taken by surprise by the level of hostility I seem to be getting, and while I take none of it personally I would have thought even the most bizarre tin-foil cap wearers would be given an audience?

I guess the idea would be to rent it or sell it as a study. One of the team this morning (who has banked an average of £6,000 per day every day he has traded) said he would pay anything for it, as for him he knows it will pay itself back.

My personal feeling, given that I rent feeds and platform from eSignal for around £200 per month, and other products on the market rent for around the $99 per month mark, we would probably pin it there to start.

I hope this answers your question.

HP
In life you get 3 types of people, those who can count and those who can't.
  • #11
  • Dec 3, 2013 8:03am Dec 3, 2013 8:03am
In the time it has taken me to create and reply to this thread, the following signals have fired.

I have taken a screen grab of our top pairs. You may assess it against your own sanity but the system HAS shown CLEAR entries (Not one single failure) as follows: (This while I have been trying to convince phantom online opponents)
EURAUD +29 and +29
GPBAUD +13 and +39
EURNZD +67
GBPNZD +76 (Note how beautifully it reacted to the 75% ADR study I chose to leave on to illustrate accuracy)

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-12-03 at 13.48.58.png Size: 306 KB


At a 20pip TP level, thats 5 x 20 or 100 pips. In just over 2 hours.

We need help in selling it, as we think it is sellable.

HP
In life you get 3 types of people, those who can count and those who can't.
  • #12
  • Dec 3, 2013 12:08pm Dec 3, 2013 12:08pm
Quoting HedgePiglet
In the time it has taken me to create and reply to this thread, the following signals have fired. I have taken a screen grab of our top pairs. You may assess it against your own sanity but the system HAS shown CLEAR entries (Not one single failure) as follows: (This while I have been trying to convince phantom online opponents) EURAUD +29 and +29 GPBAUD +13 and +39 EURNZD +67 GBPNZD +76 (Note how beautifully it reacted to the 75% ADR study I chose to leave on to illustrate accuracy) {image} At a 20pip TP level, thats 5 x 20 or 100 pips. In just...

Really ! You want to sell a winning method rather than trade it yourself. Do people still fall for this sort of crap/ Yep - I guess so
every Saint has a past. Every Sinner has a Future
  • #13
  • Dec 3, 2013 12:12pm Dec 3, 2013 12:12pm
I'm confused. We do trade the system. But as a group we are evaluating 'selling' it. Thats what the question was. Not GIVE US YOUR MONEY!!!

We will continue to trade anyway, without your belief. Making it available as a product is an option but I promise there are no guns to anyone's head.

You have decided it's 'crap' without even seeing it. I guess your trading is going really well then and you need no help.

HP
In life you get 3 types of people, those who can count and those who can't.
  • #14
  • Dec 3, 2013 1:15pm Dec 3, 2013 1:15pm
Hi all,

A quick update. If anyone is familiar with the Guppy system please get in touch. We will likely 'test' our system on a few individuals to see the level of success experienced.

Please message me if you have any interest.

HP
In life you get 3 types of people, those who can count and those who can't.
  • #15
  • Dec 3, 2013 1:28pm Dec 3, 2013 1:28pm
Quoting turnip15
{quote} You want to sell a winning method rather than trade it yourself....
I don't understand why you would say "rather than trade it yourself." Maybe I missed where HP said he and his group planned to stop trading...

Seems to me he's just asking a question about marketing...
  • #16
  • Dec 3, 2013 1:42pm Dec 3, 2013 1:42pm
Hi Mary4x and thank you for your comment.

You are exactly right. The question about sharing our system came up this weekend and this is what the question is. None of us are marketing guru's or such and at the moment we are some way from launching a product, that's if we ever get to that point.

What I struggle to understand is why quite so much negative is returned. Why wouldn't we share what we have and benefit from it? If I told you I am 100% certain you would benefit. Yet my question is bad. This is a commercial environment with a capital goal. We arent here trading to pass time? So a group of us are evaluating sharing it and one thing is sure, we aren't going to give it away, the investment we have all made beyond actual money is no small thing.

We will all be up at 6am tomorrow and will take the trades as they come and if they are anything like today, yesterday, last week and the previous week, we will continue to do so. What boggles the mind is just today I have personally taken time to show how our charts looked and indicated well over 600 pips while I was replying to questions, yet I am the enemy.

We haven't asked for anything but help in putting it together. The system works for itself and I am happy to screen grab anything anyone wants while we find a direction.

HP
In life you get 3 types of people, those who can count and those who can't.
  • #17
  • Dec 3, 2013 1:57pm Dec 3, 2013 1:57pm
i think we together should promote a fashion/tradition that every OP especially in commercial section PUT a SIMPLE trade explorer on!!!!!!

a trade exploerer is MORE than 100000000000 words.
  • #18
  • Dec 3, 2013 2:06pm Dec 3, 2013 2:06pm
I'm busy trading my account when I trade. I am assuming an 'explorer' is a blueprint system of some kind that would show our activity? But I see your point and will chat to the team about it. Thank you.
In life you get 3 types of people, those who can count and those who can't.
  • #19
  • Dec 3, 2013 3:18pm Dec 3, 2013 3:18pm
Hi HP. Firstly, sorry for my broken English. I'm a godless commie(Russian)..I have been a long time lurker on this site, but never got the reason to post,till tonight. and the rison is - range charts.and i think range bars light years away from time bassed charts (my personal opinion only)..which i have been trading for a quite few years. and it's quite a few discussions about the power of range charts and even those a pretty weak .and i can understand why... last 2 years i have been trading only dax using RB + 30 -55 Guppy Exp. MA (they show me is it Ranging or Tranding) and my custom indi for entries and exits..my SL is very tight 4-7 pips and TP is 10-30..i prefer to be in and out and not hold it for forever.. and ussualy i make more then daily range..day in, day out + compounding and it's very satisfying .. so I fill myself pretty proficient in those bloody range bars but It's Always about the Small Things.. that we don't know, which can make a big impact(the devil is in the details)…and iam gladly expand my knowledge so please continue. i would like to buy your product when it's available …regards
  • #20
  • Dec 3, 2013 11:16pm Dec 3, 2013 11:16pm
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