Simple, Non-subjective, Consistent, Effective

Hi Guys ... I entered just for greet, but I did notice, AP3 returned not enter the thread, really sorry he never returned.
Best regards,
JVBS

Good morning fellas,

This bullish engulfing is just around 80 pips below a weekly high,

but might be still worth exploring Have a look

Chrz

Hi All,

I’m new to the thread but curious. Unfortunately, as with most other threads I see this is following the same pattern where the number of posts about successful trades far out ways the number of posts of failed trades. Because of this it kind of makes it difficult to assess the viability of the system.

I’m very interested in the concept of this system particularly because of its simplicity. But has anyone actually done any backtesting and can confirm that this system does indeed deliver ‘CONSISTANT’ profits?

In post #87, AP3 said that he himself backtest as for him this system is proven to be successful but unfortunately he didn’t elaborate on this so I was just wondering of anyone else has tried? I see plenty of posts from people chasing trades now but really that doesn’t tell us anything about the long term performance of the system. Assessing the performance of any system can only be done when you talk in terms of percent of a main account. A good system will should return about 10% per month. Does anyone know if this yields anything like that?

I’d be particularly interested to know what the systems performance was like during March and April last year when markets where generally in a state of indecision because of events in the Eurozone.

Hi Erin ... I think your questions are a bit complicated for someone to answer , because the market makes every day what he wants , is not we non-institutional investors who do market movements .
As if anyone did back test this system .... for me everyone does some form of back test your own , because each has different ways of seeing the market.
For me I do not do many test back because what happened in the past is no guarantee that will happen again in the future the same way .
Because if you're interested in it , do yourself a job and then you can share with Noos your work ?
I hope you understand what I mean.
I in posts ago I put several winners trades in which the methodology was the rules of this system , and I never hid any losing trade , so I think this is a good system , but it is worth just my 2 cents .
My best regards ,
JVBS
PS : If time permits me I will come back to put more business , but I wish more people also do the same, but minimally respecting the rules of this system

Hi

GBP/USD H 1



JVBS

Olá tradista..., bom ver um compatriota aqui neste segmento. LOL

Boas JVBS... sempre gostei do padrão engulf mas ainda não encontrei a forma de tirar partido dele... this strategy seems interesting wondering why the TO left it to die...

My questions shouldn't be complicated for anyone seriously considering making money by trading FX. No offence but I am guessing that English is not your first language. This being the case then the issue is probably more in-line with you not understanding what I am saying more than anything else.

It is well documented that because price has moved in the past that this does not mean that it will move the same way in the future. This is totally correct an for price movement but it is NOT true for trading systems. Trading systems have to have a track record of success otherwise they just end up being a waste of time and more importantly, money.

How can anyone possibly judge the performance of any system unless they have statistics of it's performance over the last 12 months? Even 12 months is not long enough really but at least it does cover a cycle containing all seasons and dates of importance.

AP3 says at the beginning of this thread that this system does make money. For me that is as informative as saying the sun will be in the sky tomorrow at dawn. All systems make money, but they also have a tendency to loose more money than they make. I'm sure AP3 was meaning that this system, along with money management, can provide consistency, the Holy Grail of trading systems if you like. I'd really like to see a trade journal or a myfxbook account of anyone who has traded this system for the last 6 months.

It may seem that I am flaming this thread or looking to derail it. I really am not. Quite the opposite in fact. We don't need to be waiting for trades to happen now. We should be looking for trades that happened in the past. For example, within the last 12 months it would be good to know which month was the best performing and which month the worst performing. Also, what kind of DD (drawdown) can be expected. How many consecutive bad days have there been?

You need to know these facts so that when you hit bad times, you have a measure for how long they will last.

Hi...,

AUD/JPY H 1



JVBS

[Quote = tradista; 7300394] {quote} Boas JVBS ... sempre gostei do Padrão engolir mas AINDA Localidade: Não encontrei uma forma de Tirar Partido DELE ... esta estratégia parece interessante se perguntando por que o TO deixado para morrer ... [/ quote]

Tradista também fico triste de ver que AP3 deixou de vir cá ao segmento dele, mas penso que ele não tem entrado sequer no forex factory
Cumprimentos e boa sorte para ti nos negócios
JVBS

I agree with what you say but why not try and do your own homework, do your own back and forward testing? If the strategy appeals to your trading style then you should invest some time in it, build your own stats and see for yourself. AP3 did a great job sharing his own method, now don't expect to have him work everything out for you... It will take you lots of time? right, the same for all of us... but that's what trading simulator programs are for.
Just my 2 cts.

Hi Erin ... yes my language is not English, it must have already noticed I'm from Portugal
As for systems presented here in FF, which are thousands, as you can see are half a dozen of them who have given some evidence that are consistent long a few years?? Because it will be?? Have I not right in saying that what happened in the past is no guarantee that will happen in the future?
Why is it that even when we make an investment at our bank, always has this same phrase in the documents?
Remember that.
For things like this is that I'd rather just do what the market is showing us day by day.
I hope you understand what I mean, it is with good intentions I'm saying this.
JVBS

. [/ Quote] Hi Erin ... yes my language is not English, it must have already noticed I'm from Portugal As for systems presented here in FF, which are thousands, as you can see are half a dozen of them who have given some evidence that are consistent long a few years?? Because it will be?? Have I not right in saying that what happened in the past is no guarantee that will happen in the future? Why is it that even when we make an investment at our bank, always has this same phrase in the documents? Remember that. For things like this is that I'd rather just do what the market is showing us day by day. I hope you understand what I mean, it is with good intentions I'm saying this. JVBS[/quote]

HI JVBS, I understand your post with all good intentions and I apologise as I don't even know one word in Portuguese (not even the word beer). With regards to our discussion, I am understanding you but I'm not sure you are understanding the point I am trying to make. But anyway, good luck with your trading and remember.

"Until you can prove your edge. Practice safe trading and wear a Demo Account"

Quoting tradista

Disliked

{quote} I agree with what you say but why not try and do your own homework, do your own back and forward testing? If the strategy is good enough for your trading style then you should invest some time in it, build your own stats and see for yourself. AP3 did a great job sharing his own method, now don't expect to have him work everything out for you... It will take you lots of time? right, the same for all of us... but that's what trading simulator programs are for. Just my 2 cts.

Ignored

My post I was asking if anyone else has done back testing and would like to share their results. I was kind of hoping that we could co-ordinate and back test together.

You may believe AP3 has done a great job but what if someone gives 6 months of their time blindly following the ‘rules’ only to eventually have a lighbulb moment and come to the conclusion that this system doesn’t work? A fact that AP3 may already know. Who’s going to refund the 6 months?

In this thread I see lots of high 5's and thigh slapping for a system that has absolutely no proof at all works. My success in FX has come from doing my homework, my friend. But gone are the days where I invest my time in forward testing a system just because someone the OP says it makes money. You may very well of backtested this system and are keeping the results to yourself. Fair enough. Or it may be the case that you haven't got a clue what I am on about. Again, fair enough. Keep gambling.

I’m always suspicious of ‘Holy Grail Systems’ especially ones where the OP disappears after a couple of weeks without explination.... lol

Anyway, I am not dismissing the system, I am simply asking if anyone has any statistical evidence to prove that it is worth investing time in?

PS, Newbies. DO NOT use a simulator program. The F12 key on MT4 is enough.

HI Erinsunc, can you tell me what the f12 do???

Have a nice day

Hi at all, I have another qestion: the multimeter ia based on what parameter ?? M1, M5,M15.... the collor change with what informationm from the market???

Thank

Now this question is lazy!

http://www.forexfactory.com/showthread.php?t=67529

yes. Makes one think why Hanover leave the forex?
He proved that even their EA's are not consistent over time.
Why this happens?
Is what I said in previous posts is true.
JVBS

Hi...,
AUDJPY H 1 update



JVBS

Hi...,
AUDJPY H 1 update



JVBS

Did you trade this just on the H1 alone? I only ask as all other TF's where showing to be looking short trades.