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  • #461
  • Dec 21, 2013 2:41am Dec 21, 2013 2:41am
Quoting nitecop
{quote} What type of trading is that? scalping? I laugh when people aim for 2% a month, i usually get that much per trade and i fire vast number of trades per week via algos with a 99% success rate. The money management for this style is very different! and I find that loosing traders usually focus more on a 'system' rather than their psychology/thinking or money management. My biggest problem now is doing taxes and figuring out a legal corporate structure. My algos run 24/5 but I back out during very specific points and abnormal...
Prove it, otherwise your words mean nothing….Sorry but there is a lot of BS around, I do not see any need for more...
Wherever you go, there you are.
  • #462
  • Dec 21, 2013 5:24am Dec 21, 2013 5:24am
Quoting nitecop
{quote} What type of trading is that? scalping? I laugh when people aim for 2% a month, i usually get that much per trade and i fire vast number of trades per week via algos with a 99% success rate. The money management for this style is very different! and I find that loosing traders usually focus more on a 'system' rather than their psychology/thinking or money management. My biggest problem now is doing taxes and figuring out a legal corporate structure.[b] My algos run 24/5 but I back out during very specific points and abnormal...
Lets assume everything is real....

1. why bother with taxes when you must be the richest man in the world ?? Isnt it better just to buy a country and rule it like you desire ?
2. I laugh when people aim for 2% a month, i usually get that much per trade and i fire vast number of trades per week via algos with a 99% success rate - 99% succes rate its just plane wrong....you need to work harder in order to remove that 1% risk of failure form you trading, till then you be an average joe in ff.com comunity
  • #463
  • Dec 21, 2013 6:39am Dec 21, 2013 6:39am
Quoting nitecop
{quote} I just realized since i based my trading entirely on automated mathematical systems that makes me a quant! Again, it's not the system that's important! if you wanted my system itself it is nothing but a simple and rudimentary function out there openly available on every site it's been around since the 50's. what matters is what you do with it.
Won't mind sharing the EA code then, which should have most of your how to use it logic.


I agree with and see your logic, so I think your real, which is rare around here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #464
  • Dec 21, 2013 3:35pm Dec 21, 2013 3:35pm
What platform/broker are you guys using? I use the one from Avafx and it is hard to find code for it and I am not a programmer. I got my entry point ideas but it is hard for me to convert them into code.
  • #465
  • Dec 21, 2013 10:54pm Dec 21, 2013 10:54pm
Quoting milam
{quote} Prove it, otherwise your words mean nothing….Sorry but there is a lot of BS around, I do not see any need for more...
weather I prove it or not is irrelevant, I personally don't care if you believe it or not; happy holidays! fame isn't something I seek either. This is something I don't share even with family let alone an internet forum.

Yes there is a ceiling, because at some point your trades start moving the markets at high levels and that affects liquidity and therefore probabilities plus you do not want to be detected and hunted by other algos who detect your massive trades so you do need to have a flat position sizing at some point.

Also the 1% loss rate does not equal to failure, it only means you loose that trade as per your risk level/money management strategy. Think of it like slot machines but with a casino house's edge but better and more sophisticated.
  • #466
  • Dec 22, 2013 12:58am Dec 22, 2013 12:58am
Am I reading this correct? You make trades that move the FX market.... ............ Hey what do I know....

Quoting nitecop
{quote} weather I prove it or not is irrelevant, I personally don't care if you believe it or not; happy holidays! fame isn't something I seek either. This is something I don't share even with family let alone an internet forum. Yes there is a ceiling, because at some point your trades start moving the markets at high levels and that affects liquidity and therefore probabilities plus you do not want to be detected and hunted by other algos who detect your massive trades so you do need to have a flat position sizing at some point. Also the 1% loss...
SPC * Swollen PocketZ Crew!
  • #467
  • Dec 22, 2013 1:34am Dec 22, 2013 1:34am
Quoting nitecop
{quote} weather I prove it or not is irrelevant, I personally don't care if you believe it or not; happy holidays! fame isn't something I seek either. This is something I don't share even with family let alone an internet forum. Yes there is a ceiling, because at some point your trades start moving the markets at high levels and that affects liquidity and therefore probabilities plus you do not want to be detected and hunted by other algos who detect your massive trades so you do need to have a flat position sizing at some point....
I have nothing more to say.. …..Merry Christmas to you as well.
Wherever you go, there you are.
  • #468
  • Dec 22, 2013 4:17am Dec 22, 2013 4:17am
Wish you all a Merry Christmas !!!
  • #469
  • Dec 22, 2013 4:26am Dec 22, 2013 4:26am
Quoting JoeNY
Am I reading this correct? You make trades that move the FX market.... ............ Hey what do I know.... {quote}

He didnt say that, it's the reason why you can't grow the account into billions, he didn't say he was anywhere near doing it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #470
  • Dec 22, 2013 4:50am Dec 22, 2013 4:50am
Who would have tought at the start of this thread that God of trading himself will show up here..
We must hurry...if he is already moving the market now, with 99%accuracy and compounding, in a few weeks forex market will cease to exist.

Marry Christmas to all !!
I would normally add Happy trading, but we all know that is not the case anymore :-)
  • #471
  • Dec 22, 2013 8:11am Dec 22, 2013 8:11am
Quoting bradu
Who would have tought at the start of this thread that God of trading himself will show up here.. We must hurry...if he is already moving the market now, with 99%accuracy and compounding, in a few weeks forex market will cease to exist.
  • #472
  • Dec 22, 2013 8:56am Dec 22, 2013 8:56am
Ok I re-read it. Thx, I stand corrected.

Quoting Turveyd
{quote} He didnt say that, it's the reason why you can't grow the account into billions, he didn't say he was anywhere near doing it.
SPC * Swollen PocketZ Crew!
  • #473
  • Dec 22, 2013 10:08am Dec 22, 2013 10:08am
Lol you guys are blowing things outta proportions, am I trading in billions? no, millions? yes but mio's aren't exactly big in forex either all I'm saying is if you look up various forms of arbitrages such numbers do exist and they go way past than your average mt4 platform and require remote servers. The language I use is MATLAB. I'm simply here to share what I can, if you wish to learn then take cues. Ask any one in an institutional environment and they will confirm your doubts. Happy holidays!
  • #474
  • Dec 22, 2013 2:22pm Dec 22, 2013 2:22pm
nitecop
Are you saying you are trading millions using an EA thats in the public domain or something like that?
thanks for your insight, it's very welcome.
  • #475
  • Dec 22, 2013 2:29pm Dec 22, 2013 2:29pm
Quoting nitecop
Lol you guys are blowing things outta proportions, am I trading in billions? no, millions? yes but mio's aren't exactly big in forex either all I'm saying is if you look up various forms of arbitrages such numbers do exist and they go way past than your average mt4 platform and require remote servers. The language I use is MATLAB. I'm simply here to share what I can, if you wish to learn then take cues. Ask any one in an institutional environment and they will confirm your doubts. Happy holidays!

I presume you don't mean Account value of $1Mil+ but the Lot Size Equivalent value ?? can never remember what they are like that, or is that $10 per pip or $100 ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #476
  • Dec 22, 2013 2:44pm Dec 22, 2013 2:44pm
Quoting tradista
nitecop Are you saying you are trading millions using an EA thats in the public domain or something like that? thanks for your insight, it's very welcome.
A while back, whilst sifting through some posts by RonaldRaygun, I came across some of his ideas stating that he works with some 28 EAs, but will select the ones he feels are relevant to the price action and trading ranges.

My first thought, Bullshit!

That's when I thought that a Moving Average EA was going to be the end all to my own personal need for live trading and I could just sit back and reap the rewards of it...I was naive in this thinking and have through the works of others, picked up on a few things.

Automating a single trigger and following up with a manual close, is not only practical, but can actually be of great benefit.

Sure, you can draw supply and demand zones on your chart and place your orders for these ranges, but if you have played with this in live money, you can find that depending on the range that you trade, ie more so by way of Scalps than Swings, you want to still make the trade, but aren't covered by the same wide sweeping SL and TP zones of a swing trader.

So, if your orders don't get filled by way of opens or closes...you can easily be beat.

Why not automate if not on a single market strategy, but others?

I can trade 6 charts with the use of automation, and still manually trade the one I think I can prosper from the greatest. I can define my my risk and let the others just cash in on smaller ranges.

Don't think of the EA as full automation...

Think of it as an IF Then position taker.

From here, there is a wide world of tools that are FREE and EASY to use that can both introduce you into the idea of automated traders and churn a couple bucks in the process.

I work a lot with these and have over the last couple years. As far as full on Automation, I ain't quite there yet, not sure I will ever be...but, I do use them daily and prosper from them, and was too surprised to find out, that this is actually quite common practice.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #477
  • Dec 22, 2013 4:25pm Dec 22, 2013 4:25pm
Quoting nitecop
{quote} weather I prove it or not is irrelevant, I personally don't care if you believe it or not; happy holidays! fame isn't something I seek either. This is something I don't share even with family let alone an internet forum. Yes there is a ceiling, because at some point your trades start moving the markets at high levels and that affects liquidity and therefore probabilities plus you do not want to be detected and hunted by other algos who detect your massive trades so you do need to have a flat position sizing at some point. Also the 1% loss...
You are smart enough to have a 99% success rate in trading but not smart enough to understand there is a difference between weather and whether, or lose and loose. These are the kinds of mistakes that could be expected in young children, although, sadly, many adults are equally illiterate.
Are you a mathematical genius with dyslexia?
I have no clue what I'm talking about.
  • #478
  • Dec 22, 2013 4:43pm Dec 22, 2013 4:43pm
Quoting Boy Wonder
{quote} You are smart enough to have a 99% success rate in trading but not smart enough to understand there is a difference between weather and whether, or lose and loose. These are the kinds of mistakes that could be expected in young children, although, sadly, many adults are equally illiterate. Are you a mathematical genius with dyslexia?

It's more common than you might think, I wouldn't judge intelligence by there use of english!

Also Canada so might be French speaking, English 2nd language.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #479
  • Dec 22, 2013 4:57pm Dec 22, 2013 4:57pm
Quoting Turveyd
{quote} It's more common than you might think, I wouldn't judge intelligence by *there use of english! Also Canada so might be French speaking, English 2nd language.
*their
*English

And no, don't throw us all under that French Speaking Bus!

Even the Canadian French are spat on by people from France.

They don't like em either!

(generality, not the rule...I am an asshole, not a biggot!)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #480
  • Dec 22, 2013 5:05pm Dec 22, 2013 5:05pm
Quoting Magix
{quote} *their *English And no, don't throw us all under that French Speaking Bus! Even the Canadian French are spat on by people from France. They don't like em either! (generality, not the rule...I am an asshole, not a biggot!)
See IQ 136 and no idea between there difference of Their and There and really just DO NOT CARE!!

I'm a programmer, not an english teacher thankfully!!

Maybe Canadian French don't surrender fast enough ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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