Let's build together a system which makes 1000%/month | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Bollinger Band: let's build a strategy together 35 replies

A Different Kind Of Challenge - From 1000 to >1000 0 replies

Let's build a trading system (EA) 8 replies

BELLA SYSTEM. Let's try it, let's improve it! 118 replies

Attachments: Let's build together a system which makes 1000%/month
Exit Attachments

Let's build together a system which makes 1000%/month

  • #321
  • Edited 10:27pm Sep 5, 2014 10:09pm | Edited 10:27pm
Quoting Wheathermakr
Hi Guys... Average 1:12 R/R with 48% hit rate.. 16 win 17lose (5sl) 2Months of backtesting TP STOP LOSS 5 pips on all 35 92 80 9 62 126 32 27 56 142 128 35 20 57 35 32
Is that a joke ?

Quoting de_prince
you guys can compare your hypothesis with demo forex contest winner who has not only made his account 1000% a month but more. The problem with 10 pip per trade, why stop with only 10 pips when you could have more? and the more you trade, the riskier it becomes. Here check the trading statement of each winner. http://www.armadamarkets.com/interview-july/
Interesting that all demo contest winners can make 50000% in a few weeks troughout the contest, yet after they go and sell their books and EA instead of becoming billionaires in a blink of an eye.
Something smells fishy about those contests

Wow why did somebody grind and put public their holy grail, as i see the 1st guy made 6 336 %, so why the f*ck he needs that 1000$ prize if he can make 6000% in no time, just start with a 100$ account and make a million $ in a blink of an eye, why risk your EA to be put in the public and get copied by hedgefunds????

Dont you smell the stench of scam guys or are you just simply that naive, i cant understand
"There's a sucker born every minute" - P.T. Barnum
  • #322
  • Sep 5, 2014 10:48pm Sep 5, 2014 10:48pm
{quote} Is that a joke ? {quote} No? the problem is where to take the profit.. i calculated a 1:5 risk reward
5SL 30TP gives you a successrate overall 43% .. depending on comission its about 1:4 risk reward..

I made the strat today and backtested it.. yet to test it live.. i have no doubts.. since most of my strats work.. thats why im up over 4000% so far

TBH i dont even know why i write in these forums..i guess i just want the attention..and its a lonely world..noone to share it with irl who understands
Probably the worlds best currency trader.
  • #323
  • Sep 5, 2014 11:15pm Sep 5, 2014 11:15pm
Quoting Wheathermakr
{quote} Is that a joke ? {quote} No? the problem is where to take the profit.. i calculated a 1:5 risk reward 5SL 30TP gives you a successrate overall 43% .. depending on comission its about 1:4 risk reward.. I made the strat today and backtested it.. yet to test it live.. i have no doubts.. since most of my strats work.. thats why im up over 4000% so far TBH i dont even know why i write in these forums..i guess i just want the attention..and its a lonely world..noone to share it with irl who understands
Well , no offence meant, but i`ve tested it like 99999999 times the relation between TP & SL alone and with indicators, and havent found anything profitable, but to say that it would make 4000% its a unimaginable.

The market changes structure way too often, and perhaps if you backtested in only on 2 months, it wont work by the next month.

I backtest atleast 5-6 years of data before i accept an edge to be reliable, however i found none so far which is stable and reliable.

Maybe i`m just a novice but the fact is fact.

Anyway one thing i know for a fact Reward>=Risk must be bigger or equal to, thats a fact that i`ve concluded, it doesnt carry any edge with itself, but it had less DD when i applied this method, than vice versa, so atleast from Risk management persective it makes sense.
"There's a sucker born every minute" - P.T. Barnum
  • #324
  • Sep 6, 2014 1:28am Sep 6, 2014 1:28am
Hey Prox, what is your opinion on this particular post?

http://www.forexfactory.com/showthre...687#post220687
If you are good at something, never do it for free--Joker
  • #325
  • Sep 6, 2014 7:10am Sep 6, 2014 7:10am
Quoting jmn5611
Hey Prox, what is your opinion on this particular post? http://www.forexfactory.com/showthre...687#post220687
Very interesting post. Of course I looked at the daily chart of G/U in the end of 2003. Actually this brings more questions than answers. TheRealThing says that he entered mid-November. We can imagine that he entered close of the breakout of the retracement of end October. Price moved up very strongly and accelerated again in the beginning of January. The 12/01/2004 the market printed a bearish pinbar after a very strong rally. Honnestly taking profits here is already very very good. But here is not his exit point. He says "At which point, the volatility was so high that...". The so high volatility period spans over the next two months. This means that he stayed in the market. His position therefore had to undergo 755 pips of retracement. On the weekly chart it is only one bar. The market went down really quickly. Yet it is still not there that he took profits since he says he got 1900 pips. Not even the big bearish outside bar after a stalled rally pattern at the resistance (23/01/2004) made him close the trade. He must have taken profit around late February. But hell WHY? I see no objective reason the close here.
What is the exit criteria that can tolerate a 755 pip retracement but takes profit right after the breakout of a huge structure and is able to take profit less than 250 pips from the top of a 2600 pip swing?
Totally amazing!
No greed. No fear. Just maths.
  • #326
  • Sep 6, 2014 10:34am Sep 6, 2014 10:34am
Quoting PipMeUp
{quote} What is the exit criteria that cantolerate a 755 pip retracement but takes profit right after the breakout of a huge structure and is able to take profit less than 250 pips from the top of a 2600 pip swing? Totally amazing!
trading nano lots helps.
  • #327
  • Sep 6, 2014 10:44am Sep 6, 2014 10:44am
Quoting LITEchild
{quote} trading nano lots helps.
You should have had a look at the chart before posting. His trade was up more than 500 pips at the end of the retracement.
The trade went +1200 then +500 then +1900.
No greed. No fear. Just maths.
  • #328
  • Sep 6, 2014 11:48am Sep 6, 2014 11:48am
Quoting PipMeUp
{quote} You should have had a look at the chart before posting. His trade was up more than 500 pips at the end of the retracement. The trade went +1200 then +500 then +1900.
He was up 830pips at the end of the retracement. I get that! The trade was up +1579, then +696, then +1119. But I don't care if I'm up 5000pips, I'm not gonna watch almost HALF of my PROFITS evaporate if I'm trading sizable lots! What if the retrace turned into a full blown reversal??? He mentioned the initial 120pip stop used and ADDING positions up along the way, but nothing about that trade suggest adequate steps were taken to protect the winnings. That spells bullshit to me! Except you're trading nano pips...on a cent account! Or worse, Demo!

Quoting TheRealThing
{quote}. And kept going. I had to trail my stops by the end of the next week. This trade that I wasn't all that excited about began to be pretty exciting. All my trading buddys started getting very interested, but because of the perceived increased risk of being much higher in the move-- waited for a retracement to make their trades more reasonable and lower risk. Which didn't happen until a month and a half later. At which point, the volatility was so high that if they did put on any size, it was very little and the potential for them...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 66 KB
  • #329
  • Sep 6, 2014 2:11pm Sep 6, 2014 2:11pm
Sorry. I thought you were thinking he was underwater by 755 pips.

I completely share your point of view. If your method tolerates such a retracement (!) I would expect that it is to get more than that. Yet he took profit at a place I can't understand. If the down move on the daily wasn't enough to take profit he was certainly watching the PA from weekly or monthly. But there is nothing there which gives a reason to exit that would not have been triggered by the down swing.
No greed. No fear. Just maths.
  • #330
  • Sep 6, 2014 2:27pm Sep 6, 2014 2:27pm
Quoting jmn5611
Hey Prox, what is your opinion on this particular post? http://www.forexfactory.com/showthre...687#post220687
Quoting PipMeUp
What is the exit criteria that can tolerate a 755 pip retracement but takes profit right after the breakout of a huge structure and is able to take profit less than 250 pips from the top of a 2600 pip swing? Totally amazing!
Definitely something very subjective and irresponsible.If you decide to trail stops then its probably wise to set the trailstop size in paralel to the short term volatility/variance
and keep it that sized during the whole trade and definitely not make exceptions for 755 pip retracements ,not healthy for your equity.
"There's a sucker born every minute" - P.T. Barnum
  • #331
  • Sep 6, 2014 2:50pm Sep 6, 2014 2:50pm
Quoting PipMeUp
{quote} Very interesting post. Of course I looked at the daily chart of G/U in the end of 2003. Actually this brings more questions than answers. TheRealThing says that he entered mid-November. We can imagine that he entered close of the breakout of the retracement of end October. Price moved up very strongly and accelerated again in the beginning of January. The 12/01/2004 the market printed a bearish pinbar after a very strong rally. Honnestly taking profits here is already very very good. But here is not his exit point. He says "At which point,...
You have missed the most important bit of his post.
He added to the trade as it went up no doubt taking profits on these trades and using the original entry as a buffer.
The greatest enemy of a good plan is the dream of a perfect plan.
  • #332
  • Sep 6, 2014 3:19pm Sep 6, 2014 3:19pm
Quoting steve10%
{quote} You have missed the most important bit of his post. He added to the trade as it went up no doubt taking profits on these trades and using the original entry as a buffer.
He DEFINITELY did NOT say that! Don't put words in his mouth. Call a spade a spade!
  • #333
  • Sep 6, 2014 4:07pm Sep 6, 2014 4:07pm
Quoting steve10%
{quote} You have missed the most important bit of his post. He added to the trade as it went up no doubt taking profits on these trades and using the original entry as a buffer.
Perhaps he added to the trade. Perhaps he hedged himself on something else during the swing down. But that's irrelevent to the main question: Why exiting this particular trade here? After a breakout of a 750 pips "congestion" I would have expected he targeted at least as much. What is the point of holding such a drawdown if not to take at least as much as risked? If there is a statistically valid objective reason behid this decision then his method is the greastest I've seen thus far.
No greed. No fear. Just maths.
  • #334
  • Sep 7, 2014 1:52am Sep 7, 2014 1:52am
Quoting LITEchild
{quote} trading nano lots helps.
Actually, it does. Most traders should start there. If you can turn one dollar into ten, then you've got it made.
If you are good at something, never do it for free--Joker
  • #335
  • Sep 7, 2014 1:55am Sep 7, 2014 1:55am
Quoting PipMeUp
Sorry. I thought you were thinking he was underwater by 755 pips. I completely share your point of view. If your method tolerates such a retracement (!) I would expect that it is to get more than that. Yet he took profit at a place I can't understand. If the down move on the daily wasn't enough to take profit he was certainly watching the PA from weekly or monthly. But there is nothing there which gives a reason to exit that would not have been triggered by the down swing.
I would expect that some multiple of the original investment was made. The fact that he exited near the top is probably incidental.

Just throwing bricks out there for that system.
If you are good at something, never do it for free--Joker
  • #336
  • Sep 7, 2014 2:01am Sep 7, 2014 2:01am
Hey Prox, what about this one?

http://www.forexfactory.com/showthre...66#post1956866
If you are good at something, never do it for free--Joker
  • #337
  • Sep 7, 2014 2:30am Sep 7, 2014 2:30am
Quoting jmn5611
{quote} Actually, it does. Most traders should start there. If you can turn one dollar into ten, then you've got it made.
It can be a double edged sword. Which means it's neither here nor there. Turning one dollar into ten on a 1000 dollar account, for example, over a three month period, is bull shit. To make more, you'll need to risk more. That's why sensible trade(and risk) management plan is more important than the exit.
  • #338
  • Sep 7, 2014 2:59am Sep 7, 2014 2:59am
Quoting LITEchild
{quote} It can be a double edged sword. Which means it's neither here nor there. Turning one dollar into ten on a 1000 dollar account, for example, over a three month period, is bull shit. To make more, you'll need to risk more. That's why sensible trade(and risk) management plan is more important than the exit.
That's quite right. I should have clarified that.

I meant, turning one dollar on a one dollar account, into ten, is significant.
If you are good at something, never do it for free--Joker
  • #339
  • Sep 7, 2014 3:03am Sep 7, 2014 3:03am
LITEchild, what is your view of this post?

http://www.forexfactory.com/showthre...79#post3863679
If you are good at something, never do it for free--Joker
  • #340
  • Sep 7, 2014 3:11am Sep 7, 2014 3:11am
Quoting PipMeUp
{quote} Very interesting post. Of course I looked at the daily chart of G/U in the end of 2003. Actually this brings more questions than answers. TheRealThing says that he entered mid-November. We can imagine that he entered close of the breakout of the retracement of end October. Price moved up very strongly and accelerated again in the beginning of January. The 12/01/2004 the market printed a bearish pinbar after a very strong rally. Honnestly taking profits here is already very very good. But here is not his exit point. He says "At which point,...

If you look for a while you can find justification and plausible explanations for pretty much every entry and exit. So maybe he didn't exit at the pullback because at no point price even touched the weekly 10EMA/SMA and it certainly didn't break the weekly trendline. And maybe he took profit where he did because he was shooting for the 1988 high. Just sayin...
0 traders viewing now