SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
"There's a sucker born every minute" - P.T. Barnum
- Joined Feb 2009 | Status: Member | 24,847 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
Bud, I will keep my mouth shut or I will probably confuse you. I have spent years watching charts and running tests, anyway ,,,with this trade I got on, it is the original trade I was asked to do regarding gbp/jpn and the outside bars, I entered long after the breach of outside bar AND the 20 ema was breached AND PC crash, lets see what happens, IT might just end up a long day for me to trade it back into profit, Be good and again I shall be quiet
I`m now backtesting the system for better configurations.
"There's a sucker born every minute" - P.T. Barnum
- Joined Feb 2009 | Status: Member | 24,847 Posts
{quote} Ok then, btw finally i`ve recovered from that nasty mistake of mine
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
"There's a sucker born every minute" - P.T. Barnum
- Joined Feb 2009 | Status: Member | 24,847 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- | Joined Oct 2008 | Status: Learning | 1,050 Posts
What you do is a reflection of you....what I do is a reflection of me.
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
subbed. This might be a fun one to add to my toolbox 
Good work!
Good work!
- Joined Feb 2009 | Status: Half in the Bag | 17,826 Posts
{quote} Hey Magix, looks like my system will make more return /day than yours in its entire career
What can I say...After all, you have all the information that can be provided in less than 24hours of actual live testing and back-tests to support your theory.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- | Commercial Member | Joined Nov 2013 | 20 Posts
{quote} What can I say...After all, you have all the information that can be provided in less than 24hours of actual live testing and back-tests to support your theory.
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
{quote} Thus the reason I made mention of that. Unless Shiva was referring to using a 30 BB...but even at this, I don't know what the point is. CCI 30 cross zero, Cross Middle Band of BB 30, and Price close against SMA 30 are 3 ways of saying the exact same thing.
Not sure why I said that, but I remember the first post mentioning 120 SMA, I tend to type a lot after a drink or so lol
- Joined Feb 2009 | Status: Half in the Bag | 17,826 Posts
{quote} Not sure why I said that, but I remember the first post mentioning 120 SMA, I tend to type a lot after a drink or so lol
But, FWIW, I feel like I'm in better company now.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
{quote} I don't think you are exclusive in this... But, FWIW, I feel like I'm in better company now.
Gods' own drink
Valiant effort Proximus!
I like how you call your system a gambling system. That word is taboo amongst most experts here at FF and elsewhere, due to what I surmise as it belittling their efforts at turning a profit in Forex. They very much prefer the word "investing" even though Forex is rarely considered an investing platform at the retail level. By acknowledging that you are gambling, albeit with sound mathematical reasoning, and willing to lose your entire account, you are open to a way of thinking not available to "investors."
One thing to note is the eventual "trade of no return." I've seen plenty of backtests on systems like this. Your profit will grow and grow and grow until one day a trade takes months and months to return home. But then again you've already acknowledged this. Systems like this will return profit but will be inconsistent year after year.
It may be obvious but I've noticed that the longer you hold out, the more likely you will run into a trade that doesn't return. You're a smart guy Proximus. I'm sure you can devise a strategy that allows you to cut out these rouge trades while still remaining solvent.
I like how you call your system a gambling system. That word is taboo amongst most experts here at FF and elsewhere, due to what I surmise as it belittling their efforts at turning a profit in Forex. They very much prefer the word "investing" even though Forex is rarely considered an investing platform at the retail level. By acknowledging that you are gambling, albeit with sound mathematical reasoning, and willing to lose your entire account, you are open to a way of thinking not available to "investors."
One thing to note is the eventual "trade of no return." I've seen plenty of backtests on systems like this. Your profit will grow and grow and grow until one day a trade takes months and months to return home. But then again you've already acknowledged this. Systems like this will return profit but will be inconsistent year after year.
It may be obvious but I've noticed that the longer you hold out, the more likely you will run into a trade that doesn't return. You're a smart guy Proximus. I'm sure you can devise a strategy that allows you to cut out these rouge trades while still remaining solvent.
Remember, Red. Hope is a good thing, maybe the best of things...
