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  • #892,721
  • Apr 25, 2014 9:47pm Apr 25, 2014 9:47pm
Quoting Magix
{quote} If you can verbalize it, it most likely can be coded. There are a lot of Non-indicator based triggering logics available, but if is exclusive to you, you have to be able to put it into words that can be coded. This is where I learned the most about trading was through trying to write the actual triggering logic...from there, you can look at an idea, gain a relatively quick sense and than give it a shot. While in FF chatter and after a few (maybe quite a few) beers, I threw together one of my most popular trigger logics, FTL or Follow The...
Thanks for sharing, I will look at HERE a bit later, seems a good read, I need to go slow to capture the essence, but your post is very well explained.

I would like to change the subject for a moment,

In scalping, I realised that most of my entry are accurate and before anything else they tend to travel my way for a bit, now if I do adapt a conventional RR (1:1or 1:2), greater than my risk, my probability winning trades drops dramatically, if instead I do not adapt a conventional RR and take half profit at half of my risk (in pips), my probability winning trades is very high, most of the time I end up with little profits and sometimes with much better profits due of letting run the other half, what is opinion on this?

Wherever you go, there you are.
  • #892,722
  • Apr 25, 2014 9:52pm Apr 25, 2014 9:52pm
Quoting Magix
{quote} EAs make for great tools in learning different strategies for trading and taking profit. If you are looking to improve, they can help you along in your path. That one in particular only started with $300, but with less than 16% draw on almost 200% gains in a month...there are certainly a lot worse ways to learn market.
Traders with the help of EAs are doing better in general.
EAs I developed can only make 100%-200% a year. Yours are truly amazing.
  • #892,723
  • Apr 25, 2014 10:03pm Apr 25, 2014 10:03pm
Quoting Magix
{quote} EAs make for great tools in learning different strategies for trading and taking profit. If you are looking to improve, they can help you along in your path. That one in particular only started with $300, but with less than 16% draw on almost 200% gains in a month...there are certainly a lot worse ways to learn market.
Magix...Do you have an EA I can test on Real Account?
I don't mind putting in $500 or $1K with 50 Leverage to test.
  • #892,724
  • Apr 25, 2014 10:17pm Apr 25, 2014 10:17pm
Quoting milam
{quote} Thanks for sharing, I will look at HERE a bit later, seems a good read, I need to go slow to capture the essence, but your post is very well explained. I would like to change the subject for a moment, In scalping, I realised that most of my entry are accurate and before anything else they tend to travel my way for a bit, now if I do adapt a conventional RR (1:1or 1:2), greater than my risk, my probability winning trades drops dramatically, if instead I do not adapt...
Our ideas of scalping may be a lot different and I too am still guilty of exiting out prior to getting a lot grander gains...but I get them, and that for me is the most important thing.

I've always been a fan of scaling in and scaling out of trades. Secures profit and allows some to grow on chance or close at scratch...

This is where my Trigger Dynamic Range traders have helped me immensely. Not only do they help to maintain my patience, they also allow me to find the greater ranges.

Because of the filtering I have adapted and because of the market tendencies as applied to my choice trade pairs, I can trade with a lot more confidence based on the shorter ranges allowed by the M1 charts.

My M1s are a bit of a fallacy in that though I trigger off of the M1, I am also looking at the M5, hourly and daily to grab a sense of the size of range I might be able to expect.

BUT

Because I have based my filtering on daily events, my scaling in and out on these for manuals has gotten a lot sharper.

Personally...I will be anywhere from 3-5 positions per trade on direction. There will be a difference in when and where these are taken, so all 5 will not be identical in profit. Typically...I close out the skinniest ones of the batch first to ensure that these do actually close in profit and then allow the greater gainers to hold for a little more. If the market shifts, again, because I am playing a dynamic range...I can still find an exit and it will usually coincide with a new entry.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,725
  • Apr 25, 2014 10:21pm Apr 25, 2014 10:21pm
Quoting mry2001
{quote} Traders with the help of EAs are doing better in general. EAs I developed can only make 100%-200% a year. Yours are truly amazing.
Absolutely nothing wrong with turning an account once or twice per year...

I was happy to see net gains when I first started with these. Every week looked the same...early on winners turned into end of the week losers!

Anything above water was welcome.

Take it slow...stop in and have a look at some of our ideas. Might lend itself to a little of your logic, you might be able to lend a little to ours.

Really, I still view these as the most beneficial trading tool and agree, that traders that use EAs for help will accelerate their learning curves, dramatically!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,726
  • Apr 25, 2014 10:26pm Apr 25, 2014 10:26pm
Quoting aarontdang
{quote} Magix...Do you have an EA I can test on Real Account? I don't mind putting in $500 or $1K with 50 Leverage to test.

Typically speaking, Aaron...The bulk of what my group and myself have released are free to use as you see fit, only the newest are restricted to Demo Only accounts. Reason being, we want others to learn the risks prior to setting them loose on live money.

The fastest way to separate you from your cash is allowing you to put it into something you don't know or can't appreciate.

I can only encourage you to test these on a demo account initially. Find one of several that we play with that matches with your market ideologies and learn its nuances.

From there, absolutely...let'r rip.

Prior to that, it is a loaded gun in the hands of a child.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,727
  • Edited Apr 26, 2014 12:06am Apr 25, 2014 11:48pm | Edited Apr 26, 2014 12:06am
EUR/USD is at the moment about to make a mild BEAR move down...

As you can see on the 4H chart.... it is forming a triangle formation.

The breakout will be a BULL breakout BTW.

First Picture is the 4H Chart. The support will be your TP area.

Attached Image (click to enlarge)
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Second Picture is the Daily Chart. Its indicated that the breakout will be BULL.

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Take what the market gives you.
  • #892,728
  • Apr 26, 2014 12:22am Apr 26, 2014 12:22am
Quoting CandleStar
{quote} Sunday evening is always a surprise, so it is completely up to you. I just closed my shorts with a micro win although PA is looking south atm. But it does that since hours. So my personal fear is a possible gap to the upside. Leaving your trades open is your own personal appetite for risk if you are greedy. I am greedy too but only up to a certain point where I am able to calculate the risk a little bit. But look at DaviT, he is running with myriad of shorts into the weekend-
Hi CandleStar
I think you have to formulate your trading in such a way that it takes the fear out of it.
One way is to trade smaller lots but built positions in direction that suits you.In this way what appears as gap up could be looked upon as another opertunity to build a better position.
Its better to have multiple positions in smaller lots then 1 big lot.I don't fear the market.I never think about gaps ever!I sleep without worry and collect decent profits without sweating.
You need to work a system that makes trading profitable and fun without stress.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #892,729
  • Apr 26, 2014 2:13am Apr 26, 2014 2:13am
Quoting CAnthonyMVE
{quote} I would love to know more on how he did it
Look at the personnal information of the member I quoted. He's a Son of B* and B* himself defending a scam broker. Nothing to learn but to fist F* him.
Don't be smart. Be rich.
  • #892,730
  • Apr 26, 2014 2:14am Apr 26, 2014 2:14am
Quoting maximinus
{quote} O yea Kid you have lot to learn. Great trader trade with minimum risk or risk zero and real pros don't overtrade. He took only two trades, one trade per week, not more, never. It's a golden rule. Argggh, so many genius traders in FF.
He Looking for one high probability trade , but sure with high risk because u said 2 weeks made 1000 to 6000
  • #892,731
  • Apr 26, 2014 2:15am Apr 26, 2014 2:15am
Quoting Chicky
{quote} I also know someone who made 6000 in two weeks. She spent no money, only time with few.
Share bro . If we can have a good laugh than it's all good.
Don't be smart. Be rich.
  • #892,732
  • Apr 26, 2014 2:21am Apr 26, 2014 2:21am
Quoting egkid
{quote} He Looking for one high probability trade , but sure with high risk because u said 2 weeks made 1000 to 6000
No risk : he has to find and bring a fortunated to the mother scam broker.
Don't be smart. Be rich.
  • #892,733
  • Apr 26, 2014 3:16am Apr 26, 2014 3:16am
Quoting Magix
{quote} Typically speaking, Aaron...The bulk of what my group and myself have released are free to use as you see fit, only the newest are restricted to Demo Only accounts. Reason being, we want others to learn the risks prior to setting them loose on live money. The fastest way to separate you from your cash is allowing you to put it into something you don't know or can't appreciate. I can only encourage you to test these on a demo account initially. Find one of several that we play with that matches with your market ideologies and learn its nuances....
I register on your forum already, waiting for authorize to join testing labs.

Theres also 2 contests coming in fxbook.
I'm in US so can only do Forex one.
it would be nice to test EA there.

Best way is to open multiple accounts n test with different settings

i have about 20 Windows Virtual Desktops ready.
test 20 different setting at one time, it's not bad right
  • #892,734
  • Apr 26, 2014 6:07am Apr 26, 2014 6:07am
Quoting Davit
{quote} Hi CandleStar I think you have to formulate your trading in such a way that it takes the fear out of it. One way is to trade smaller lots but built positions in direction that suits you.In this way what appears as gap up could be looked upon as another opertunity to build a better position. Its better to have multiple positions in smaller lots then 1 big lot.I don't fear the market.I never think about gaps ever!I sleep without worry and collect decent profits without sweating. You need to work a system that makes trading profitable and fun...
Might be FEAR was the wrong word.

I should have better said "high possibility" for a gap up.

I also donīt fear the market. I react to my signals and try to find out which one(s) work better on what timeframes. There is no room fo fearing something as we all can not know what will happen next with PA.

In this probability games fear would not be a good advisor I think. I try to stay on the winning side with good analysis but much more important with good statistics which of my signals really count in the end.
  • #892,735
  • Apr 26, 2014 6:34am Apr 26, 2014 6:34am
AUDUSD
Why did price drop 200 pips?
Some people would say it was the fundamentals.. I would just say it was .707 Retracement (last swing) on weekly chart + Monthly pivot Resistance 1 + Yearly central pivot!! Price should keep going down for a few weeks and I don't expect it to take out previous lows but will have to see about that. I will be using all retracements on 4 hours or even daily (at precise Fibonacci levels + weekly Pivots) to sell.
I will post them whenever possible.
Attached Image (click to enlarge)
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We watch the charts from every angle so you don't have to!!
  • #892,736
  • Apr 26, 2014 8:38am Apr 26, 2014 8:38am
Quoting aarontdang
{quote} I register on your forum already, waiting for authorize to join testing labs. Theres also 2 contests coming in fxbook. I'm in US so can only do Forex one. it would be nice to test EA there. Best way is to open multiple accounts n test with different settings i have about 20 Windows Virtual Desktops ready. test 20 different setting at one time, it's not bad right

Aaron, Kosmo is the head admin there, she is the one who will get you in to the testing lab.

There are several there to play with, and in the lab, you will find lists of EAs with myfxbooks links that you can use for guidance.

Most of the testers share their links to help us all learn about the different brokers, pairs, and settings. This is the way we advance as a community.

Counter rip and V3 Counter rip from the testing lab are the ones you will want to play with.

Both are M1 traders and there is a basic description of how they work and what they look for.

Because you are US based, these should work out well for you as they do not require hedging.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #892,737
  • Apr 26, 2014 8:45am Apr 26, 2014 8:45am
Daily chart has this bearish pattern formed? A gap up seems unlikely to me however I do have a load of shorts open atm that are not doing so well.
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"Don't get caught trading wheat in the corn pit"
  • #892,738
  • Apr 26, 2014 8:56am Apr 26, 2014 8:56am
nothing is moving but maybe its me
maybe i had a little bit too much moonshine?

hiq!!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #892,739
  • Apr 26, 2014 9:02am Apr 26, 2014 9:02am
Quoting Magix
{quote} Aaron, Kosmo is the head admin there, she is the one who will get you in to the testing lab. There are several there to play with, and in the lab, you will find lists of EAs with myfxbooks links that you can use for guidance. Most of the testers share their links to help us all learn about the different brokers, pairs, and settings. This is the way we advance as a community. Counter rip and V3 Counter rip from the testing lab are the ones you will want to play with. Both are M1 traders and there is a basic description of how they work and...
Hey Magix,
How do I start learning about EA's? (not Eur/Aud)
New voice message: Why are you calling me? If I need you, I'll call you!
  • #892,740
  • Apr 26, 2014 9:53am Apr 26, 2014 9:53am
beware shorts
a=b=c=d=e=f
same in time and distance
twitter.com/gettoefl
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twitter: @gettoefl
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