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  • #862,881
  • Dec 11, 2013 9:37pm Dec 11, 2013 9:37pm
Quoting DasPips
I know there's some kind of catch this, and know nothing about automated trading systems.. I was wondering if you could comment on this, Magix Wtf is this? http://www.forexfactory.com/googletrader#87 Someone is saying this system cannot be used live? Why would that be?
Start off by doing a little research on the broker, FXOPEN. There is some good reads at forexpeacearmy. You will start to gain an idea of the LAG these guys suffer from.

From there, start to study a system called aribitrage.

It will take price movement from a fast broker, but take trades on a slower broker. The difference between these after spread is profit.

Because these type systems are considered explotation, even if you do find the perfect 2 brokers and even if they both have spreads that you can prosper from and even if you do set up a VPS in the building next to your broker, even if you do churn a profit, the broker won't let you withdraw the funds.

Again, on this, see the case at forexpeacearmy regarding fxopen.

Yeah, it looks neat, but already proven to not work, or not be paid if it did.

Pointless...

Commit the same time to almost any successful market strategy as he has to setting up this, you will be ahead, while he will still have 2 pockets full of empty.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #862,882
  • Dec 11, 2013 9:41pm Dec 11, 2013 9:41pm
Quoting Chicky
{quote} Makes sense. I generally forcus on these three ratios: Profit : Begining Equity Loss: Begining Equity Max Drawdown (realized and/or unralized) at any point in trade : Begining Equity The last one decides worth of the first two.

When comes to EAs...as far as I am concerned, Grid Strategies show a lot of merit.

You still get to dictate the range of trade, the type of trigger and the amount of profit.

Betcha can't find any system or person on FF that doesn't employ these same logics...it's just a matter of finding consistency.

Capitalizing on market range is left up to the fast charts. Playing the grand range is up to the slow charts.

Triggering is triggering, profit is profit, loss is loss...

All samsies.

Only thing that makes one better than the other, typically the same thing as in live trading.

PEBKAC
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #862,883
  • Dec 11, 2013 9:46pm Dec 11, 2013 9:46pm
Quoting DasPips
I know there's some kind of catch to this, and know nothing about automated trading systems.. I was wondering if you could comment on this, Magix Wtf is this? http://www.forexfactory.com/googletrader#87 Someone is saying this system cannot be used live? Why would that be?
Half a percent profit or Loss per pip. One pip trades. All trades placed at one particular time of the day. Seems like someone is arbitaging session open market volatility.
The Thief of Wall Street
  • #862,884
  • Dec 11, 2013 9:51pm Dec 11, 2013 9:51pm
My charts tell me the next loading zone is still 1.3725-1.3730.

I just don't know when we are going to get there.

Trade well!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #862,885
  • Dec 11, 2013 10:28pm Dec 11, 2013 10:28pm
Here comes the EURCHF pullback hopefully... 1.2250 and 1.2280 my levels of interest. SNB should be lively
Twitter: @TrendersGame
  • #862,886
  • Dec 12, 2013 12:36am Dec 12, 2013 12:36am
sell on daily buy on weekly
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #862,887
  • Dec 12, 2013 12:38am Dec 12, 2013 12:38am
Draghi can return the trent to bearish today. Lets go mario
  • #862,888
  • Dec 12, 2013 12:44am Dec 12, 2013 12:44am
Quoting artocarpus
Draghi can return the trent to bearish today. Lets go mario

Mario knows high Euro will hurt already struggling Euro zone and Tourist dependent countries like Spain, Greece, Portugal fewer visitors means drop in already severe unemployment translates to drop in GDP and more borrowing from Germany.
I am a Bear and believe this position is correct one in longer term.
Market moves in cycles.I believe we could see 2014 total dollar domination.
In trading, you have to be defensive and aggressive at the same time
  • #862,889
  • Dec 12, 2013 12:46am Dec 12, 2013 12:46am
Good day,

Would be good if we could tip 1.3840/43 first..
  • #862,890
  • Dec 12, 2013 12:48am Dec 12, 2013 12:48am
And The weekly epic comment goes to : Kanzler

Quoting Kanzler
You guys are scaring me, you're supposed to be screaming long.
"It's the Margin, Stupid."
  • #862,891
  • Dec 12, 2013 12:51am Dec 12, 2013 12:51am
Quoting Magix
{quote} When comes to EAs...as far as I am concerned, Grid Strategies show a lot of merit. You still get to dictate the range of trade, the type of trigger and the amount of profit. Betcha can't find any system or person on FF that doesn't employ these same logics...it's just a matter of finding consistency. Capitalizing on market range is left up to the fast charts. Playing the grand range is up to the slow charts. Triggering is triggering, profit is profit, loss is loss... All samsies. Only thing that makes one better than the other, typically...
Now that it is quiet I can get a word in, being in a different time-zone, generally playing catch up on posts.

Take note of this guy, I have been following him for what seems years. His command of language is fantastic, although it can stump second language English speakers no doubt.

His advice is well considered and genuine - particularly on trading time-zones and as above: grid-trading, which I use myself to good effect.

(disclaimer: I have no financial interest in Magix Ltd, lol)
  • #862,892
  • Dec 12, 2013 12:58am Dec 12, 2013 12:58am
Quoting Davit
{quote} Mario knows high Euro will hurt already struggling Euro zone and Tourist dependent countries like Spain, Greece, Portugal fewer visitors means drop in already severe unemployment translates to drop in GDP and more borrowing from Germany. I am a Bear and believe this position is correct one in longer term. Market moves in cycles.I believe we could see 2014 total dollar domination.
Mario and whole EU are just stupid. Solution to their problems is very simple.

See, low euro helps in bringing in tourists from industrial countries into europe. Now, what they should do is that right in the middle of next tourist season, revalue euro upwards about 2 to 3 times of its current value. No tourist will go back and everyone of them will be looking for a job in Greece, Italy and Spain. This will boost their economic growth and in a couple of years this growth will justify that upward revaluation of Euro.

But there is just one glitch ............. This is Mario not Ben Shalom Bernanke, and it is Europe not United States of America........... therefore they may not have right vision to do this.
The Thief of Wall Street
  • #862,893
  • Dec 12, 2013 1:02am Dec 12, 2013 1:02am
trying a short at 1.378x - risking 20 pips..
Patience is a virtue...
  • #862,894
  • Dec 12, 2013 1:07am Dec 12, 2013 1:07am
Quoting Chicky
{quote} Mario and whole EU are just stupid. Solution to their problems is very simple. See, lowering euro helps in bringing in tourists from industrial countries into europe. Now, what they should do is that right in the middle of next tourist season, revalue euro upwards about 2 to 3 times of its current value. No tourist will go back and everyone of them will be looking for a job in Greece, Italy and Spain. This will boost their economic growth and in a couple of years this growth will justify that upward revaluation of Euro. But there is just...

I recently saw a line in front of Moroccan embassy in Spain Spanish waiting in line to work in Morroco.That never happened before.Tells you how desperate situation is.
Euro will go as low as 1.28 next three months.
'The world upside down': The rise of Spanish immigration to Morocco
"
For generations, Moroccans have immigrated to Europe for work but now, in a surprising illustration of Europe's economic crisis, that trend is reversing –Europeans are coming to Morocco in search of jobs.
It's "the world upside down," writes Hein de Haas, co-director of the International Migration Institute, affiliated with Oxford University.
The number of Spaniards officially registered as residents in Morocco quadrupled between 2003 and 2011, according to the National Statistics Institute of Spain. Tens of thousands more are now believed to be in Morocco illegally. Before the crisis, Martinez says, no one in Spain ever thought they would come to Morocco for work. "
In trading, you have to be defensive and aggressive at the same time
  • #862,895
  • Dec 12, 2013 1:07am Dec 12, 2013 1:07am
Quoting hadox
trying a short at 1.378x - risking 20 pips..
ok, I love live call……all the best
Wherever you go, there you are.
  • #862,896
  • Dec 12, 2013 1:11am Dec 12, 2013 1:11am
I'm waiting for a failed pullback not to reach 95/96 to short

Edit: or a drop below 78
As the lights go by so too do the shadows move
  • #862,897
  • Dec 12, 2013 1:13am Dec 12, 2013 1:13am
USDCHF : Unusual to see such divergence without a larger pullback.

Attached Image (click to enlarge)
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  • #862,898
  • Dec 12, 2013 1:15am Dec 12, 2013 1:15am
Quoting milam
{quote} ok, I love live call……all the best
yes, right or wrong.. no big deal if I get a loss.. I have lot's of losing trades, not afraid to say that, part of the business..

anyway let's see what happens today..
Patience is a virtue...
  • #862,899
  • Dec 12, 2013 1:18am Dec 12, 2013 1:18am
Lets look at this from perspective of single currency formed from several countries.
In order Euro to succeed as viable currency it needs majority of member countries to prosper and do well.
That's the default projection since beginning however countries like Spain,Italy,Portugal,Greece,Ireland have become liability instead of assets.
Germany being the strongest can't bail out all these struggling economies indefinitely.Something must give and that road believe it or not is what US has been going through since 2008.
Euro zone will start their devaluation soon.
Smart money is selling...
In trading, you have to be defensive and aggressive at the same time
  • #862,900
  • Dec 12, 2013 1:19am Dec 12, 2013 1:19am
Quoting hadox
{quote} yes, right or wrong.. no big deal if I get a loss.. I have lot's of losing trades, not afraid to say that, part of the business.. anyway let's see what happens today..



EDIT: I trade dailys but I would like to learn how to scalp out 10 pips at the time, I am viewing the 30 seconds TF, I want to be in the action and trade trends as ranges…..we see
Wherever you go, there you are.
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