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BO System? Here is "The Italian jOB"

  • #381
  • Sep 26, 2014 3:40am Sep 26, 2014 3:40am
Well martingale is always bad. No matter what. It´s just a mathematical fact. Even with a 70% SR a 6-8 or even worse run of consecutive losses will come sooner or later and kill the bank. I don´t know why sugarman does use martingale if he has such high number of winners. I have a sportsbetting background and one thing´s for sure. I martingale does not make a losing system win but makes a winning system lose.
  • #382
  • Sep 26, 2014 6:10am Sep 26, 2014 6:10am
Quoting D-fx
... I've been looking for some coding examples for a while ... and ... unfortunately couldn't find anything helpful.
I know ...
Here the only example that many months ago was on a site of CL ...
The order send trick is to set "EaName:seconds", for example "EaName:60" or "EaName:300" etc.

At CL the price is always the Bid .
But I have not yet made ​​an EA to run properly at CL...
Attached File(s)
File Type: mq4 BO Expert.mq4   2 KB | 615 downloads
  • #383
  • Sep 26, 2014 7:35am Sep 26, 2014 7:35am
Quoting SwingMan
{quote} ...But I have not yet made ​​an EA to run properly at CL.
It seems that you MUST write "BO exp:60" or "BO exp:300" etc., but I do not know why.
  • #384
  • Sep 26, 2014 7:45am Sep 26, 2014 7:45am
Swing man please I need ur help please, can u please help me add an Alert to the Mbfx timing indicator whenever it changes color, please man will be grateful
Attached File(s)
File Type: mq4 MBFX Timing.mq4   4 KB | 464 downloads
  • #385
  • Sep 26, 2014 9:39am Sep 26, 2014 9:39am
Quoting SwingMan
{quote} I know ... Here the only example that many months ago was on a site of CL ...
Thank you SwingMan, I'll have a look inside that script and try to implement into some simple EA (just for execution testing)
and let you know about the outcome.
  • #386
  • Sep 26, 2014 10:06am Sep 26, 2014 10:06am
Quoting SeaTheStars
Well martingale is always bad. No matter what. It´s just a mathematical fact. Even with a 70% SR a 6-8 or even worse run of consecutive losses will come sooner or later and kill the bank. I don´t know why sugarman does use martingale if he has such high number of winners. I have a sportsbetting background and one thing´s for sure. I martingale does not make a losing system win but makes a winning system lose.
there we go again, martingale, where in my posts have I said I`m using martingale, please please show me.
Plan, Patience, Profit
  • #387
  • Sep 26, 2014 10:27am Sep 26, 2014 10:27am
Ok, then I did not remember correctly. I thought you increased your stake after a loss. My bad (Maybe I just listened to the guy who posted the chart few comments back).
  • #388
  • Edited 1:23pm Sep 26, 2014 10:41am | Edited 1:23pm
Quoting sugarman
{quote} there we go again, martingale, where in my posts have I said I`m using martingale, please please show me.
Hi Sugarman, forgive a newbie jumping in but I only found this thread yesterday and read the entire 19 pages so everything is fresh in my mind and you DID say that after a losing trade you placed another higher trade on the same asset to recoup your losses and get into profit. Which is why people are thinking you are trading martingale.

You said "If the market stays in over sold / bought why does that matter, you are only taking one trade per stochastic trigger. When it comes out of these areas and goes back in that`s when I would re-enter".

So if I've understood correctly, you're not doubling up immediately, i.e. the next 5 minute period after a losing trade, you're waiting for the next time that asset is triggered which may be hours later and THEN you're doubling up.
  • #389
  • Edited 1:25pm Sep 26, 2014 11:45am | Edited 1:25pm
Further to my last post, in Sugarman's images the stoch looks to be a single line but mine is double. Is that just the image quality or do I need to alter something to merge it into a single line? Thanks.
  • #390
  • Sep 26, 2014 1:36pm Sep 26, 2014 1:36pm
Quoting nervesof
Further to my last post, in Sugarman's images the stoch looks to be a single line but mine is double. Is that just the image quality or do I need to alter something to merge it into a single line? Thanks.
I don't know much about he indicators but one is called main line and the other is the signal line.

Sugarman did mention that he waits till both lines are above/below 95/5 stoch levels.

Thats my understanding. Hope this helps.
B777
  • #391
  • Sep 26, 2014 1:39pm Sep 26, 2014 1:39pm
Quoting nervesof
{quote} Hi Sugarman, forgive a newbie jumping in but I only found this thread yesterday and read the entire 19 pages so everything is fresh in my mind and you DID say that after a losing trade you placed another higher trade on the same asset to recoup your losses and get into profit. Which is why people are thinking you are trading martingale.
lol

martingale = increasing stake after a loss, no matter if double, triple or half.

So I was right???
  • #392
  • Sep 26, 2014 1:47pm Sep 26, 2014 1:47pm
Quoting SeaTheStars
{quote} lol martingale = increasing stake after a loss, no matter if double, triple or half. So I was right???
Yes! You were right! , lets say.... So what. The guy says he's making money. Good on him.
If you don't like the way he trades you are free to trade the way you want.
Of course by all means raise these issues for newbies to learn and practice on a demo account.

I think there's no point for a who can piss further kinda discussion here.
B777
  • #393
  • Sep 26, 2014 2:21pm Sep 26, 2014 2:21pm
Quoting B777
{quote} I don't know much about he indicators but one is called main line and the other is the signal line. Sugarman did mention that he waits till both lines are above/below 95/5 stoch levels. Thats my understanding. Hope this helps.
Thanks. I'm looking at the indicators now and Sugarman's images look to only have the main line and not the dotted signal line. So I'm confused as to how he waits until both lines are above/below if he's only using the main line. Unless the dotted signal line doesn't show up in a screen shot. But yes, that's my understanding also, that you wait for BOTH lines to cross.
  • #394
  • Sep 26, 2014 2:31pm Sep 26, 2014 2:31pm
Quoting SeaTheStars
{quote} lol martingale = increasing stake after a loss, no matter if double, triple or half. So I was right???
Not that I'm setting myself up as Sugarman's spokeswoman here but I think the confusion is down to the differing interpretations of what constitutes martingaling. In binary options it's generally considered to be doubling up immediately on a losing trade. Sugarman IS doubling up and I would still personally call it martingaling but obviously he doesn't because he's waiting for the next trade set-up on that currency pair. So if the next set-up on that pair doesn't come until hours later or even the next day, that's when he doubles up. And if that trade loses, he doubles up again when the next set-up comes around (on the same currency pair). So his form of martingaling could take days to complete.

My opinion is that any form of doubling up is martingaling but as has been said, if he's happy and it works for him, good luck to him. I don't have the stomach for it myself.
  • #395
  • Sep 26, 2014 3:10pm Sep 26, 2014 3:10pm
Yeah, if it works for him, it´s fine. Actually, I wish everybody wealth, health and happiness. But giving out a warning is not to make his "strategy" down but to warn/explain to others what it can do. Tha was actually my only purpose.
  • #396
  • Sep 26, 2014 3:17pm Sep 26, 2014 3:17pm
Alright, back to topic.

I now did a little manual backtest on the Stoch 14,3,3. No matrix, just Stoch closing over 95/under 5. Both lines. So far, the first 200 setups have produced 148 wins, meaning 74% SR.
  • #397
  • Sep 26, 2014 4:08pm Sep 26, 2014 4:08pm
Bad day, Lost $18 today, cos of my carelessness. Hope for better days
  • #398
  • Sep 26, 2014 5:02pm Sep 26, 2014 5:02pm
Quoting sugarman
{quote} there we go again, martingale, where in my posts have I said I`m using martingale, please please show me.



sorry sugarmna, i dont want to get in fight with you, you take it too much personaly, i love your trading staly and just want to find the way how to implement it properly. About the martingale you were talking in posts 218 and 221
"I start out at £50, then double each trade until I get a winner, so answering your question yes I have got 4 losses which means that the next trade is £800 but the return is £650.
So to calculate, minus £50 + £100 + £200 + £400 = minus £750 + £650 on my £800 trade, loss £100. The 4 consecutive losses has happened once in the last 5 months. "




Quoting SeaTheStars
Alright, back to topic. I now did a little manual backtest on the Stoch 14,3,3. No matrix, just Stoch closing over 95/under 5. Both lines. So far, the first 200 setups have produced 148 wins, meaning 74% SR.
which pairs and dates you were backtesting? On euro today I found 15w/10l =60%
19.-23.9.(roughly) 17w/20L
So, I should be missing some sugarmans settings (stoch 14,3,3,close,close,both lines over 5-95%) or some sugarmans discretion.
  • #399
  • Sep 26, 2014 5:38pm Sep 26, 2014 5:38pm
Quoting SeaTheStars
Alright, back to topic. I now did a little manual backtest on the Stoch 14,3,3. No matrix, just Stoch closing over 95/under 5. Both lines. So far, the first 200 setups have produced 148 wins, meaning 74% SR.
That's excellent! What I've noticed from posts in this thread and my own experience is that different platforms seem to give vastly different Stoch values, even using the same 14,3,3 settings, which is bound to create totally different results.

I'm currently comparing my MT4 charts with Freestockcharts and using the same settings the Stoch curves are identical on both charts but the values are very different. On MT4 I'd have lots more trades than with Freestockcharts, where it's very rare for both the main and the signal line to be above/below 95/5. I've played around with the "close/close" and "low/high" price field settings on MT4 (which Freestockcharts doesn't have) and it makes no difference. There are still way more trades with MT4 whatever the setting.

I also find it really difficult to see where the Stoch crosses the line on the MT4 charts and the font showing the values is so tiny I can barely read it. I find Freestockharts much easier when viewing a few charts at once but I'm a bit concerned about the discrepancy in the values. Doing some backtesting the results look really good but if I'm going to use Freestockcharts, which I prefer, I'm going to need a lot of patience as there seems to be so few qualifying set-ups.

Apart from my visual preference for Freestockcharts, the price feed is usually really close to that of my broker whereas the MT4 platform is way off. Not sure whether that makes any difference to trade results.
  • #400
  • Sep 26, 2014 6:39pm Sep 26, 2014 6:39pm
Just wanted to share a shot of why I prefer Freestockcharts. I can scan all my broker's currency pairs at once and the Stoch value is clearly visible on each chart. Once it gets close to a set-up I can maximise the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-09-27 at 00.30.57.png Size: 206 KB
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