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Statistical Gambling System (High Winrate, but NO EDGE)

  • #301
  • Jan 26, 2014 1:45pm Jan 26, 2014 1:45pm
That chart is not hindsight. Look at the inside bars on 4 hour chart look at the tail on the daily.to think outside the box is more in line with fixing a losing trade. Such as with people trading grid type systems it can be done with good thinking. I honestly do not think though that a person could live off it. Attention lol. I am smiling if only you knew. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #302
  • Jan 26, 2014 1:46pm Jan 26, 2014 1:46pm
Quoting Magix
{quote} See what I mean?
Yeah, I get it.
If you are good at something, never do it for free--Joker
  • #303
  • Jan 26, 2014 1:51pm Jan 26, 2014 1:51pm
Quoting billytt
That chart is not hindsight. Look at the inside bars on 4 hour chart look at the tail on the daily.to think outside the box is more in line with fixing a losing trade. Such as with people trading grid type systems it can be done with good thinking. I honestly do not think though that a person could live off it. Attention lol. I am smiling if only you knew. Be good

Here are the trades I have left open over the WE...

Whatchu got?

0

Thought so...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #304
  • Jan 26, 2014 1:56pm Jan 26, 2014 1:56pm
JMN when I get home I will ping you and try and explain. At this moment I am near beach with boat and its getting colder and more wet. As for trades I no longer trade so that is why I have no trades open. Plus it is silly really to trade over weekend. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #305
  • Jan 26, 2014 2:00pm Jan 26, 2014 2:00pm
Quoting billytt
JMN when I get home I will ping you and try and explain. At this moment I am near beach with boat and its getting colder and more wet. As for trades I no longer trade so that is why I have no trades open. Plus it is silly really to trade over weekend. Be good
Inserted Video
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #306
  • Jan 26, 2014 6:27pm Jan 26, 2014 6:27pm
Quoting billytt
JMN when I get home I will ping you and try and explain. At this moment I am near beach with boat and its getting colder and more wet. As for trades I no longer trade so that is why I have no trades open. Plus it is silly really to trade over weekend. Be good
The point I was trying to make billy is that you have come off as an authority on all things trading. I do not choose to dispute that. What I do ask is if you are really trying to be a help, then you have to draw a road map of some sort, in the form of a system, a TE, an EA, something that can be followed and if need be, improved upon. I do not think that is an unreasonable request. It is not about proving anything, it is about helping to write a good and practical textbook. Proximus is not the only one out there with questions like his.

What is so hard about that?
If you are good at something, never do it for free--Joker
  • #307
  • Jan 26, 2014 7:41pm Jan 26, 2014 7:41pm
Let's have respect yall.

Billy do your thing. Don't take anything in here too seriously. Even the abusive posts. At the end of the day you are on a boat enjoying your life. Turveyd made a mistake by letting his anger get best of him.

Magix, looking forward to your EA!

Nice to see you in here JMN. I want to share a few things in here just need time to write it all out in a coherent post.
Remember, Red. Hope is a good thing, maybe the best of things...
  • #308
  • Jan 26, 2014 10:22pm Jan 26, 2014 10:22pm
Quoting ForexFury
Magix, looking forward to your EA! Nice to see you in here JMN.
I may have over filtered the gambler...bitch still hasn't traded...

However, an unfiltered version that I am running isn't doing terrible and I can at least verify the trading...
Attached Image (click to enlarge)
Click to Enlarge Name: gambler.png Size: 31 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #309
  • Jan 26, 2014 10:51pm Jan 26, 2014 10:51pm
Quoting ForexFury
Let's have respect yall. Billy do your thing. Don't take anything in here too seriously. Even the abusive posts. At the end of the day you are on a boat enjoying your life. Turveyd made a mistake by letting his anger get best of him. Magix, looking forward to your EA! Nice to see you in here JMN. I want to share a few things in here just need time to write it all out in a coherent post.

Fantastic FFury!

Can wait to read your thoughts
If you are good at something, never do it for free--Joker
  • #310
  • Jan 27, 2014 4:05am Jan 27, 2014 4:05am
Ok i`m back, i was on holiday in the weekend

Now its time to get back to business.I've read most of the comments and some were informative, but most of them didnt contributed much to the subject.Meanwhile i thought that incorporating the market cycle effect, can significantly increase our chances of win.

I`ve read Magix's grid system, it is a good idea i think.By using pivot point it could help us, but i think the market cycle effect is the winner here.

By studying daily market cycles i`ve found out that the EUR/USD will range more between 17:30-> 5:00 GMT+0 (UTC)

It is fascinating, because this will increase our overall chances of succes by atleast 50%, if we only trade the EUR/USD.

Now lets sum up our doctrines once again:

-Ranging system, no SL ,no manual close of a trade (let it roll until margin call)
-Grid trading, but no hedging for now, entries probably based on MA's and Pivot points now as Magix suggested
-Only trading between 17:30-> 5:00 GMT+0
-Not trading near monthly low or high
-Not looking at fundamentals, yet, but probably incorporating that soon
-TP small to increase our chance of succes, but bigger than average spread
-Smallest spread possible needed, so we will stay at EUR/USD, furthermore the E/U is great since it ranges more than any other market.
"There's a sucker born every minute" - P.T. Barnum
  • #311
  • Jan 27, 2014 6:55am Jan 27, 2014 6:55am
Quoting Proximus
Ok i`m back, i was on holiday in the weekend
WB Prox.

Not much to report on my Gambler yet.

It has only taken 1 trade, hasn't cost averaged in, and is sitting with about +35...

Such a Tight trigger, I hope it actually finds a nice exit as well....
Attached Image (click to enlarge)
Click to Enlarge Name: gambler.png Size: 45 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #312
  • Jan 27, 2014 9:02am Jan 27, 2014 9:02am
Quoting Proximus
Ok i`m back, i was on holiday in the weekend Now its time to get back to business.I've read most of the comments and some were informative, but most of them didnt contributed much to the subject.Meanwhile i thought that incorporating the market cycle effect, can significantly increase our chances of win. I`ve read Magix's grid system, it is a good idea i think.By using pivot point it could help us, but i think the market cycle effect is the winner here. By studying daily market cycles i`ve found out that the EUR/USD will range more between 17:30->...
Finally we are talking about how to trade, no fighting any more. Kudo to all who has good spirits.
  • #313
  • Jan 27, 2014 6:00pm Jan 27, 2014 6:00pm
Kind of a sad day for the gambler...

Not enough of a push to have actually closed it's single trade and open counterwise yet...

Same for a nedged version I have running for multiple pairs on a separate account...

Too tight for exits, costing the EA ranges.

I am actually okay with it sniffing out grand positions, but if it never exits, not much point.

Soooooooooooooooooooooooo....

I have loosened the trigger to hopefully at least see a closed trade. This being said, it will only exit on a loose trigger, not enter. Still going to look for greatly overbought and oversold areas for entries and a little less criteria involved in taking profit.

For one thing, it will not, or should not be in market 100% of the time now as the exits for each direction is not the same as the entries. Might make a difference...might not.

At least it hasn't flushed a hun yet!
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #314
  • Jan 28, 2014 8:49am Jan 28, 2014 8:49am
Quoting Magix
{quote} The real Meat of the Matter is that all sessions will play the same money, just not necessarily on the same day. I used to track n trade thse, looking for the hidden areas where support and resistance are actually based on the daily roll of independent sessions. Track down the isession indicator. Add it to your current template and make a couple of relevant session charts. You'd actually be amazed at how these play out. It takes a little time to get it set proper, as you will have to adjust the timezones to your current broker, but is well...
Thanks for the heads up: will be plotting the British range on relevant charts .

Have a minimuum of 200 p a day from here on in
  • #315
  • Jan 28, 2014 6:24pm Jan 28, 2014 6:24pm
Partially due to the shitty little range that EURUSD has been playing this week...my $100 hasn't actually grown that much...

Applied trigger to allow longs and shorts playing on multiple USD crosses, has actually been able to find a little more.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #316
  • Jan 29, 2014 5:30am Jan 29, 2014 5:30am
Nice magix, which one of your EA is this so i can link it in to this thread ?
"There's a sucker born every minute" - P.T. Barnum
  • #317
  • Jan 29, 2014 6:36am Jan 29, 2014 6:36am
Quoting Proximus
Nice magix, which one of your EA is this so i can link it in to this thread ?

The TE labelled $100 Dynamic was the one I created as my gambler.

That should be the one linked to thread as that was the specific design and intent. To run a single trade pair with $100 account start and not only live but prosper for the week.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #318
  • Jan 29, 2014 6:47am Jan 29, 2014 6:47am
Quoting Magix
{quote} The TE labelled $100 Dynamic was the one I created as my gambler. That should be the one linked to thread as that was the specific design and intent. To run a single trade pair with $100 account start and not only live but prosper for the week.
Done, lets see now how well it will go.
"There's a sucker born every minute" - P.T. Barnum
  • #319
  • Jan 29, 2014 7:13am Jan 29, 2014 7:13am
Quoting Proximus
{quote} Done, lets see now how well it will go.
Definitely could use some tweaking...

Thinking of even loosening up the Trigger on Entry just to see if I can hit the missed ranges.

Given FOMC today will be the true test.

Personally, I'm sitting it out on a manual level and having a tight entry for EA might prove to be a little wiser, can easily adjust for next week...

Meh...nothing huge so far, but no big DD either.

Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #320
  • Jan 29, 2014 8:57am Jan 29, 2014 8:57am
Houston...

We have a problem!

The EA has seemingly taken 2 identical positions, same lot size and same price.

Though it is a good position, this will skew the overall results.

Weird, I have checked through everything and cannot understand why this additional position was entered....

DAMMIT!
Attached Image (click to enlarge)
Click to Enlarge Name: problem.png Size: 54 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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