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Statistical Gambling System (High Winrate, but NO EDGE)

  • #201
  • Jan 23, 2014 11:05am Jan 23, 2014 11:05am
so what about trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #202
  • Jan 23, 2014 11:16am Jan 23, 2014 11:16am
For the people viewing who maybe new to trading. Gambling is stressful...

Please note ... I am asking questions...NOTICE I never get an answer
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #203
  • Jan 23, 2014 11:24am Jan 23, 2014 11:24am
lol, e/u levelling off and oil on 15 min chart. Hopefully for Proxy it'll drop , other than that watch the break
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #204
  • Jan 23, 2014 11:31am Jan 23, 2014 11:31am
Quoting billytt
For the people viewing who maybe new to trading. Gambling is stressful... Please note ... I am asking questions...NOTICE I never get an answer
I think proximus chances of this coming back are very high,if by chance this was a long position he would be in far more trouble.personally if I was to adopt a trading style such as this ,I would look more at the longer term swings for stop placement .this may increase the stops but would increase less chance of wipe outs.

proximus is a maths guy who understands stochastic probability and the various reference to martingale,especially super martingale which does actually have a positive outcome.the crunch being there is no stop point .if I was prox I would work on the stop point to bend the maths in his favour.
  • #205
  • Edited 11:57am Jan 23, 2014 11:45am | Edited 11:57am
Quoting mister me
{quote} I think proximus chances of this coming back are very high,if by chance this was a long position he would be in far more trouble.personally if I was to adopt a trading style such as this ,I would look more at the longer term swings for stop placement .this may increase the stops but would increase less chance of wipe outs. proximus is a maths guy who understands stochastic probability and the various reference to martingale,especially super martingale which does actually have a positive outcome.the crunch being there is no stop point .if...
I agree with your post yet disagree. When I was trading full time I only ever traded e/u e/j sometimes g/u and very rare a/u and OIL nothing else. I would view a chart mainly 15 min, 1 hour, daily and check daily ranges. and then trade what was happening NOW.
Indeed e/u could drop 2000 points or rise 2000 I would never think about things like this but if it did drop or rise I would be with it..
I lived and breathed probabilities, percentages, statistics this leads me to Proxy, something does not add up, I am saying this respectfully but he may know maths, probability but he doesn't know forex trading. Several people have tried to explain but failed and look what happens, the thread gone ape.

edit,,, could one live off this method, I know it is labelled as gambling but your views.
and I mean in England or usa
another edit, I dislike the word martingale, but it can be used as I have spoken about in the past
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #206
  • Jan 23, 2014 12:29pm Jan 23, 2014 12:29pm
Quoting billytt
{quote} I agree with your post yet disagree. When I was trading full time I only ever traded e/u e/j sometimes g/u and very rare a/u and OIL nothing else. I would view a chart mainly 15 min, 1 hour, daily and check daily ranges. and then trade what was happening NOW. Indeed e/u could drop 2000 points or rise 2000 I would never think about things like this but if it did drop or rise I would be with it.. I lived and breathed probabilities, percentages, statistics this leads me to Proxy, something does not add up, I am saying this respectfully but...
Prox, for all we know, may have just sold the YEARLY bottom. Perhaps he will tell us what he plans to do about that.
If you are good at something, never do it for free--Joker
  • #207
  • Jan 23, 2014 6:27pm Jan 23, 2014 6:27pm
Quoting jmn5611
{quote} Prox, for all we know, may have just sold the YEARLY bottom. Perhaps he will tell us what he plans to do about that.
??? I am not sure what you are getting at. If he is trading this method bottom/top means nothing the trades will continue just like yours.
anyway lets move on, these sorts of methods are fun but fail. If you have a good run and perhaps get a holiday or a bike/car out of it and then call it a day then you have done well.
If done occasionally this could be used in trading even martingale but alas doomed to failure, be good bud. Think outside the box
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #208
  • Jan 23, 2014 6:29pm Jan 23, 2014 6:29pm
Quoting Proximus
I mean seriously, do you think that genesis system of yours can make you consistent profit, how much exactly (average) monthly increase can it make? I`m curious, tell me ?
Before you arrogantly diss and/or dismiss any system merely on the basis that it uses indicators, you need to learn the system. That is the only way that you can make such a judgement, and even then, the judgement will not be 'whether the system works or not,' but it will be 'whether it works for you' or not!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #209
  • Jan 23, 2014 6:38pm Jan 23, 2014 6:38pm
Quoting realjumper
{quote} Before you arrogantly diss and/or dismiss any system merely on the basis that it uses indicators, you need to learn the system. That is the only way that you can make such a judgement, and even then, the judgement will not be 'whether the system works or not,' but it will be 'whether it works for you' or not!!
hi bud, he is still learning but with time he should improve, a bit like my wifes yappy jack Russell dog.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #210
  • Jan 23, 2014 6:43pm Jan 23, 2014 6:43pm
Quoting billytt
{quote} hi bud, he is still learning but with time he should improve, a bit like my wifes yappy jack Russell dog.
Hey there billy.....learning requires one to close ones mouth, and open ones ears and mind!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #211
  • Jan 23, 2014 6:51pm Jan 23, 2014 6:51pm
Quoting realjumper
{quote} Hey there billy.....learning requires one to close ones mouth, and open ones ears and mind!!
lol, I have also told him many times in here and so have many others, to listen, ask questions but what can I say?. He reminds me of my little girl except she could trade , but the rest of time I think she lives on a different planet, I can tell her something and she doesn't accept it, all basic things. be good bud
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #212
  • Jan 23, 2014 8:36pm Jan 23, 2014 8:36pm
Quoting billytt
{quote} lol, I have also told him many times in here and so have many others, to listen, ask questions but what can I say?. He reminds me of my little girl except she could trade , but the rest of time I think she lives on a different planet, I can tell her something and she doesn't accept it, all basic things. be good bud

Billy.

You use a lot of words to never really say anything.

You are almost like turvey, but without the dunce cap.

Though you seemingly have a great story, you also seemingly sit on the fence on almost everything that is put before you.

You do as much to confuse new to market as you you do to help. Which leads me to only one conclusion.

You too, don't know your ass from a hole in the ground.

Sure, everybody can play momo. That is seemingly all you have.

Not saying it like it is a bad thing. It's just really weak and very cliché.

When price is going up. Buy.

When price is going down. Sell.

This is seemingly your only message, only your delivery, albeit really poorly spelled and punctuated, is well...weak.

RJ put it kindly and is a reiteration of what I have said.

If you have no idea of the subject you are speaking, it best you shut the fuck up, and start listening.

Otherwise, you just come off as sounding like another fucking know-it-all, who still doesn't know-anything.

Tap out buddy.

or

Toe the fucking line.

Your posts are getting as intolerable as the rest of the FF Tweets.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #213
  • Jan 23, 2014 11:50pm Jan 23, 2014 11:50pm
Quoting realjumper
{quote} Before you arrogantly diss and/or dismiss any system merely on the basis that it uses indicators, you need to learn the system. That is the only way that you can make such a judgement, and even then, the judgement will not be 'whether the system works or not,' but it will be 'whether it works for you' or not!!
Sorry for my arrogancy, its more like critical thinking.I just had my experience with those kind of systems, and i can now generalize it and put each one of them in the trash.

What do you mean "does it work for me" ? What kind of BS is that. The question is weather it works objectively or not, you put on some indicators, which everyone else who uses them puts on, and then either all of you make money with it, or none of you make money with it.I think its the last one.

All of you use the same exit,entry positions, so why the f. should people get different results using it, explain it to me?
"There's a sucker born every minute" - P.T. Barnum
  • #214
  • Jan 24, 2014 12:16am Jan 24, 2014 12:16am
Quoting Proximus
Sorry for my arrogancy,
Apologising for your arrogance, and then immediately continuing with it makes your apology (which i would have accepted) a load of bollocks.

Quoting Proximus
I just had my experience with those kind of systems, and i can now generalize it and put each one of them in the trash.
No, you can't. In your 5 minute FX career, you have just wanted to act and sound like 'the man', when you actually know jack shit......as demonstrated by the quote above. You have dissed the Genesis System, and like Turveyd, you have zero experience of it, it's workings or anything. As I said to him, to just make a blanket sweeping statement about a system that you have zero knowledge and experience of just shows how an idiot you are. Only fools and politicians criticize something they don't have any experience of!!

Quoting Proximus
What do you mean "does it work for me" ? What kind of BS is that. The question is weather it works objectively or not, you put on some indicators, which everyone else who uses them puts on, and then either all of you make money with it, or none of you make money with it.I think its the last one. All of you use the same exit,entry positions, so why the f. should people get different results using it, explain it to me?
Once again you show your arrogance and ignorance, and aptly demonstrate that you have zero knowledge or understanding of something that you diss and criticize!!

The system is not like your two bit EA....'either it crosses a line or it doesn't....yes or no....black or white.....iow a boolean system. The system, like most systems, have a degree of discretion with which the user must apply his FX experience, knowledge and skills to, in order to make a successful entry, select the appropriate SL position and set a target, but at the same time be aware of the ebb and flow of the market and be ready to exit if the target looks out of reach.

If it was as black and white as you think, then there would be no need for any system at all.....we would just use an EA instead.

Using the turn indicator in your car, assuming you're old enough to drive, does not mean that you ARE going to make the turn. It signals your *intention* to turn. FX indicators are much the same, they give a heads up of what is likely to happen, not what is going to happen.....that's where the discretion in any system comes into play. That is also why I might make consistent gains using a system that I have used and studied for several years, and you, with your 10 minutes of reading the first post, WILL lose!!

If trading was a simple as you seem to think it is, then i would be a very rich man indeed.

Now, before you reply to me, drop the attitude and show a little respect.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215
  • Jan 24, 2014 12:22am Jan 24, 2014 12:22am
Quoting billytt
{quote} ??? I am not sure what you are getting at. If he is trading this method bottom/top means nothing the trades will continue just like yours. anyway lets move on, these sorts of methods are fun but fail. If you have a good run and perhaps get a holiday or a bike/car out of it and then call it a day then you have done well. If done occasionally this could be used in trading even martingale but alas doomed to failure, be good bud. Think outside the box
When he sells or buys he is going take a trade that is not going to back for the rest of the year. That is why these methods fail. As far as thinking outside of the box, there is nothing you or I have thought of that has not been thought by someone else. This is not string theory, it's forex.
If you are good at something, never do it for free--Joker
  • #216
  • Jan 24, 2014 12:25am Jan 24, 2014 12:25am
Quoting Magix
{quote} Billy. You use a lot of words to never really say anything. You are almost like turvey, but without the dunce cap. Though you seemingly have a great story, you also seemingly sit on the fence on almost everything that is put before you. You do as much to confuse new to market as you you do to help. Which leads me to only one conclusion. You too, don't know your ass from a hole in the ground. Sure, everybody can play momo. That is seemingly all you have. Not saying it like it is a bad thing. It's just really weak and very cliché. When price...
I have noticed that most of the posts from billy are needlessly cryptic. But he is stat averse, much like turv is.
If you are good at something, never do it for free--Joker
  • #217
  • Jan 24, 2014 12:48am Jan 24, 2014 12:48am
Quoting realjumper
If trading was a simple as you seem to think it is, then i would be a very rich man indeed.
That sentence just answers that i wanted to hear from you.The fact that you are not rich after xyz years doing it, shows that the system is of no use.

Sorry i dont meant to be rude in either of my posts, but thats the truth.Trading is by boolean logic, either you make money or you dont, nothing complicated.

The fact that you try to dress trading in another costume than which it really is, just shows inexperience.I`m sorry for you guys.
"There's a sucker born every minute" - P.T. Barnum
  • #218
  • Jan 24, 2014 12:56am Jan 24, 2014 12:56am
Quoting jmn5611
{quote} Prox, for all we know, may have just sold the YEARLY bottom. Perhaps he will tell us what he plans to do about that.
You are right, i should have programmed the EA to not sell near yearly and not even monthly high and lows.
I wil try to fix that soon.
"There's a sucker born every minute" - P.T. Barnum
  • #219
  • Jan 24, 2014 1:06am Jan 24, 2014 1:06am
Quoting Proximus
{quote} That sentence just answers that i wanted to hear from you.The fact that you are not rich after xyz years doing it, shows that the system is of no use. Sorry i dont meant to be rude in either of my posts, but thats the truth.Trading is by boolean logic, either you make money or you dont, nothing complicated. The fact that you try to dress trading in another costume than which it really is, just shows inexperience.I`m sorry for you guys.
You are a first class, A grade idiot......and you're NEVER going to make it the FX world....even after you have got through adolescence.

You have no idea of my financial situation, nor am I going to tell you about it. Suffice to say that my life is quite comfortable, thank you.

Indeed, trading might be boolean, but that is not what I said. I said that any given system is not boolean, if it was, we would just have EA's and nothing else. Reading comprehension isn't your strong point either is it?

Without a system, it's a one way trip to see mister margin call...pdq.

However, your mickey mouse EA is in a stupid drawdown and cannot take another trade until the price returns (which it may or may not do) or you close it in the red. Meanwhile I'm happily trading and making profits, as are many others on the Genesis thread as witnessed by the LIVE trades and winning trades posted from the history feature of MT4. There are many other systems here that are making money while you're watching your single underwater trade.

Really easy to see who the inexperience one here is.....he's the one looking at you in the mirror.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #220
  • Jan 24, 2014 1:09am Jan 24, 2014 1:09am
Quoting Proximus
{quote} You are right, i should have programmed the EA to not sell near yearly and not even monthly high and lows. I wil try to fix that soon.
Good luck with that. Maybe if you used the prior month H/L you could do something with it.

Prox. EA trading is for fun. If a bot is ever built that can beat the market, the market would change in some rather fundamental ways, not to mention the fact that it's creator should very much fear for their well being.

The very best EA is your mind. Stop trying to automate, and use the talents that you have, and you do have penchant for methodical thinking.

Lastly, most veteran traders are real dicks. Do not let that stop you from learning from them. They are dicks because they earned what they know. They earned with screen time, learning to program, learning statistics, and learning psychology. If someone says you are full of shit, do not take that personally.

You can get this Prox, but first you have to confess to being a student. The teachers will come after that.
If you are good at something, never do it for free--Joker
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