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BO System? Here is "The Italian jOB"

  • #301
  • Sep 24, 2014 1:54am Sep 24, 2014 1:54am
Quoting sugarman
{quote}My only edge if I get a looser I double the next trade, so I cant loose in the long term.
That really depend on how much you are risking per trade, og how strong the trend is.
I was testing your setup last night, and i added a rsi 4 - It filtered out alot of bad trades. And then i used the stoch 14.3.3 but WITH the signal line, that way i can use the stoch cross as trigger.
MY SITTING, NEVER MY THINKING!
  • #302
  • Sep 24, 2014 1:54am Sep 24, 2014 1:54am
Quoting sugarman
{quote} My only edge if I get a looser I double the next trade, so I cant loose in the long term.
Actually, I would suggest completely the opposite conclusion for this money management strategy. After several losing trades in a row, this is certain to blow your account. It is easy to calculate what the probability of such catastrophic event is, given the winning probability and the percentage of your account you spend on one trade.

Imagine you have a 70% winning ratio (i.e. the probability of a losing trade is 30%) and that you always use 10% of your account to place the initial trade. It takes about four losing trades to wipe your account (you risk 10%, then after the first loss 20%, then 40% and then the rest, since you don't have 80% anymore, but just 30%). The probability for this to happen is (0.3*0.3*0.3*0.3)=0.0081=0.81 %, so this is about 1 in a 100 event, not particularly infrequent.

k
  • #303
  • Sep 24, 2014 1:58am Sep 24, 2014 1:58am
Quoting merrygold
{quote} That really depend on how much you are risking per trade, og how strong the trend is. I was testing your setup last night, and i added a rsi 4 - It filtered out alot of bad trades. And then i used the stoch 14.3.3 but WITH the signal line, that way i can use the stoch cross as trigger.
that`s great if the rsi works for you.
Plan, Patience, Profit
  • #304
  • Sep 24, 2014 2:02am Sep 24, 2014 2:02am
Quoting kprsa
{quote} Actually, I would suggest completely the opposite conclusion for this money management strategy. After several losing trades in a row, this is certain to blow your account. It is easy to calculate what the probability of such catastrophic event is, given the winning probability and the percentage of your account you spend on one trade. Imagine you have a 70% winning ratio (i.e. the probability of a losing trade is 30%) and that you always use 10% of your account to place...
the most loosing trades I`ve had in a row is 4, even if it went to 8 /9 this would never blow my account.
Plan, Patience, Profit
  • #305
  • Sep 24, 2014 2:45am Sep 24, 2014 2:45am
Attached Image

buy usd / cad
Plan, Patience, Profit
  • #306
  • Sep 24, 2014 2:51am Sep 24, 2014 2:51am
Quoting sugarman
{image} buy usd / cad
nice start.
Plan, Patience, Profit
  • #307
  • Sep 24, 2014 3:25am Sep 24, 2014 3:25am
Attached Image

buy gbp / usd
Plan, Patience, Profit
  • #308
  • Sep 24, 2014 3:30am Sep 24, 2014 3:30am
another winner.
Plan, Patience, Profit
  • #309
  • Sep 24, 2014 4:05am Sep 24, 2014 4:05am
sell usd / chf
buy eur / usd
Plan, Patience, Profit
  • #310
  • Sep 24, 2014 4:21am Sep 24, 2014 4:21am
Sweet call Sugarman
  • #311
  • Sep 24, 2014 5:45am Sep 24, 2014 5:45am
sell gbp / usd
buy usd / cad
Plan, Patience, Profit
  • #312
  • Sep 24, 2014 5:50am Sep 24, 2014 5:50am
Quoting sugarman
sell gbp / usd buy usd / cad
both loosers.
Plan, Patience, Profit
  • #313
  • Sep 24, 2014 5:55am Sep 24, 2014 5:55am
sell bar 13.55
Attached Image
gbp / jpy
Plan, Patience, Profit
  • #314
  • Sep 24, 2014 7:23am Sep 24, 2014 7:23am
Hey Sugarman, install this Indicator, i hope it helps you and everyone here to confirm ur entry. let me know ur progress, just suggesting. tou can tweak it to the preferred percentage you like. sorry cant post charts too Busy. just hope swing man ca add it to the BO system, because i am not good in programing. still researching
Attached File(s)
File Type: ex4 LightIndy mod-ONEALERT.ex4   28 KB | 594 downloads
  • #315
  • Sep 24, 2014 7:24am Sep 24, 2014 7:24am
8 WINS AND 1 LOSS yesterday.
  • #316
  • Sep 24, 2014 7:34am Sep 24, 2014 7:34am
Quoting francisakz
8 WINS AND 1 LOSS yesterday.
I AM happy for you. Which system did you use? I Will look at the indicator when i get back from meeting.Br
MY SITTING, NEVER MY THINKING!
  • #317
  • Sep 24, 2014 8:38am Sep 24, 2014 8:38am
Quoting merrygold
{quote} I AM happy for you. Which system did you use? I Will look at the indicator when i get back from meeting.Br

Alays give ur option some breathing space, its not a must to trade all the time, if u made 4 trades and they give u $150 a day, the $150 X 20 days= $3000. it is not too bad you know
  • #318
  • Sep 24, 2014 8:42am Sep 24, 2014 8:42am
Quoting merrygold
{quote} I AM happy for you. Which system did you use? I Will look at the indicator when i get back from meeting.Br

sorry i am not a fan of opening Thread or creating system, if we can put heads to make this system great, dont see any need suffering myself and open another thread, life is too short for that and it would be a complete waste of my time, everything we need is in this italian job system. Great work sugarman
  • #319
  • Sep 24, 2014 8:58am Sep 24, 2014 8:58am
Quoting francisakz
{quote} sorry i am not a fan of opening Thread or creating system, if we can put heads to make this system great, dont see any need suffering myself and open another thread, life is too short for that and it would be a complete waste of my time, everything we need is in this italian job system. Great work sugarman
I agree so far today 7 wins 0 losses on EU today.
  • #320
  • Sep 24, 2014 9:12am Sep 24, 2014 9:12am
I`m done for another day, so far this week +£788 but have 2 trades at stage 2, so figure could read +£988 if these were not at stage 2.
Plan, Patience, Profit
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