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BO System? Here is "The Italian jOB"

  • #581
  • Oct 3, 2014 2:29pm Oct 3, 2014 2:29pm
Quoting francisakz
your option should always be bearish movement in Strong bearish trends, if you attempt bullish movements, you will always be cut off. atleast this will reduce the loss {image}
That's very good advice, Francis. In my short time of studying and trading this system I've noted that the times when the Stoch remains overbought/sold for several candles at a time are during a strong trend. However, I wouldn't be averse to taking a 5-minute reversal trade if the trend appeared to be pausing for breath.

Another thing I won't do (although I know Sugarman does this) is to take 2 trades simultaneously. Firstly because it's not possible to enter 2 trades EXACTLY on the opening of the next candle (however fast you are on the trigger) and secondly because if 2 pairs qualify for a trade at just the same time then they're either correlating or non-correlating, meaning you're pretty much taking the same trade with double the risk. 99% of the time both trades will either win or both will lose.
  • #582
  • Edited 3:33pm Oct 3, 2014 3:23pm | Edited 3:33pm
Mixed feeling today, 11 WINS 5 LOSSES. thanks for NFP news today, it really drove the market up. how is everybody doing? hope you are all doing great.
  • #583
  • Oct 3, 2014 3:25pm Oct 3, 2014 3:25pm
Quoting nervesof
{quote} That's very good advice, Francis. In my short time of studying and trading this system I've noted that the times when the Stoch remains overbought/sold for several candles at a time are during a strong trend. However, I wouldn't be averse to taking a 5-minute reversal trade if the trend appeared to be pausing for breath. Another thing I won't do (although I know Sugarman does this) is to take 2 trades simultaneously. Firstly because it's not possible to enter 2 trades EXACTLY on the opening of the next candle (however fast you are on the...


Exactly, seems you are the only one who is keeping an eye on this.
  • #584
  • Oct 3, 2014 4:49pm Oct 3, 2014 4:49pm
Quoting sugarman
my lucky trades have performed well today,+£683 over 6 pairs. so that`s £2071 for the week, what do you reckon SeaTheStars, another lucky week.

facepalm sugarman.

I dont say your trades are lucky, but only having 4 losses in a row at maximum is lucky. You got it wrong. Even with 70% winrate, or whatever yours is, a 5 games losing run happens once every 400 trades.
  • #585
  • Oct 3, 2014 4:59pm Oct 3, 2014 4:59pm
Ok, apparently, when you hit the 20K profit border, you get blocked @ binary. Any other broker out there with up to 100% return?
  • #586
  • Oct 3, 2014 5:13pm Oct 3, 2014 5:13pm
Quoting B777
{quote} Not always, but that's another approach. In a strong trending market even if you use 30 min expiry you'll lose. No strategy is fool proof. If somebody has got time in their hands and compares both 5 and 30 min expiry results that might give an idea.

Have backtested different things. Expiry 5m up to 1h seems to be pretty even throughout. So, if it has 55% on 5m is also seems to be in that % range after 30m or 1h.

Quoting Jb38
{quote} Just deduction even if sugarman didn't write it. If sugarman used Main line, the stoch will be less smooth that i can see on his chart. For me there is no doubt that he used the SIGNAL Line to enter his trade. Hope i help you...

Well, I am also still unsure of what he uses. Granted, I bet on sports for 14hrs a day so my brain cannot pick up all the things hereTrading signal line only is @54% in the last 5 months but sugarman has successfully traded it. I used the same MT4 broker for backtesting (and yes, only 1 max. entry for one overbought/oversold area). I don´t know why there is such a gap as backtesting this should be pretty easy.
  • #587
  • Oct 4, 2014 6:46am Oct 4, 2014 6:46am
Quoting SeaTheStars
Ok, apparently, when you hit the 20K profit border, you get blocked @ binary. Any other broker out there with up to 100% return?
What do you mean with 20 k profit border?
MY SITTING, NEVER MY THINKING!
  • #588
  • Oct 4, 2014 8:10am Oct 4, 2014 8:10am
Quoting SeaTheStars
{quote} facepalm sugarman. I dont say your trades are lucky, but only having 4 losses in a row at maximum is lucky. You got it wrong. Even with 70% winrate, or whatever yours is, a 5 games losing run happens once every 400 trades.
Seems to be a few haters on this thread, if you can`t succeed at trading do something else.

Oh by the way, my win rate is a lot higher than 70%, in fact I always come out on top, so it`s always a win win.
Plan, Patience, Profit
  • #589
  • Oct 4, 2014 8:15am Oct 4, 2014 8:15am
Quoting nervesof
{quote} That's very good advice, Francis. In my short time of studying and trading this system I've noted that the times when the Stoch remains overbought/sold for several candles at a time are during a strong trend. However, I wouldn't be averse to taking a 5-minute reversal trade if the trend appeared to be pausing for breath. Another thing I won't do (although I know Sugarman does this) is to take 2 trades simultaneously. Firstly because it's not possible to enter 2 trades EXACTLY on the opening of the next candle (however fast you are on the...
Hi nervesof

No problem taking 2 trades at the same time with 2 pairs actually if all my 6 pairs showed a signal again no problem.
Plan, Patience, Profit
  • #590
  • Oct 4, 2014 8:17am Oct 4, 2014 8:17am
Quoting sugarman
{quote} Seems to be a few haters on this thread, if you can`t succeed at trading do something else. Oh by the way, my win rate is a lot higher than 70%.
When you make Money, there is always people who will hate. Keep up making Money, thats why we trade, right?
MY SITTING, NEVER MY THINKING!
  • #591
  • Oct 4, 2014 8:19am Oct 4, 2014 8:19am
Quoting merrygold
{quote} When you make Money, there is always people who will hate. Keep up making Money, thats why we trade, right?
You are so right, scroll through all threads on FF when guys starting making money with a method / system and others cannot follow, they get really shitty.
Plan, Patience, Profit
  • #592
  • Oct 4, 2014 8:42am Oct 4, 2014 8:42am
Quoting SeaTheStars
{quote} Have backtested different things. Expiry 5m up to 1h seems to be pretty even throughout. So, if it has 55% on 5m is also seems to be in that % range after 30m or 1h. {quote} Well, I am also still unsure of what he uses. Granted, I bet on sports for 14hrs a day so my brain cannot pick up all the things hereTrading signal line only is @54% in the last 5 months but sugarman has successfully traded it. I used the same MT4 broker for backtesting (and yes, only 1 max. entry for one overbought/oversold area). I don´t know why there is such a gap...
This weeks trading came in at +£2285, I`m sure you made way more than me.
Plan, Patience, Profit
  • #593
  • Oct 4, 2014 11:08am Oct 4, 2014 11:08am
Quoting SeaTheStars
Ok, apparently, when you hit the 20K profit border, you get blocked @ binary. Any other broker out there with up to 100% return?
If I remember rightly from your previous posts, you're talking about binary.com, with which I also have an account due to the tiny minimum stake size. The danger of this broker with this system is that their quoted prices are in pips, rather than the usual pipettes like all other BO brokers.

Take EUR/USD for example, if you had a call at 1.26201 which expired at 1.26209, that would be a winner. But at binary.com the entry price would be 1.2620 and the expiry price 1.2620. I'm sure you know that a tie is a loser with binary.com, the expiry has to be strictly higher or strictly lower than the strike price. So in a system like this where every pipette counts, I wouldn't use them. And no, I don't think there's any broker offers up to 100% return.
  • #594
  • Oct 4, 2014 12:35pm Oct 4, 2014 12:35pm
Hi nervesof,

I also have an account with Binary.Com.
The advantages are there that they never call you, I hate that, because I want to trade on my own.
You can choose any amount you want to risk AND any expiry time you wish. The return if it's a winner is also higher than with others.
There is always of course some problem with any broker and here it is, like you say, that the expiry has to be strictly higher or strictly lower than the strike price ...and the pip system. For this last one, it's better to trade the pairs with JPY ...
  • #595
  • Oct 4, 2014 3:10pm Oct 4, 2014 3:10pm
Please download the version_4 of the indicator

I hope that the big martingale experts check the figures, because there may still be errors in the program.

- overlapping signals are avoided
- you can enter a test period between day1 and day2
- you can get signals at the second or the third bar in the overbought / oversold zone
- Note: the idea with signals when cross the levels from the outside brings worse results
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5-version4.png Size: 79 KB
Attached File(s)
File Type: ex4 boSugarman Signals_v4.ex4   61 KB | 740 downloads
  • #596
  • Oct 4, 2014 7:35pm Oct 4, 2014 7:35pm
Swingman you're the man !
Thanks a lot for this wonderful tool. It becomes very easier to improve the strategy without checking manually !

JB.
  • #597
  • Oct 4, 2014 11:23pm Oct 4, 2014 11:23pm
Is there anyone that can help explain the difference in results between Swingmans indic results (not very encouraging) and Sugarman live results ? would be a big hep to me , thanks a lot.
  • #598
  • Edited 4:07am Oct 5, 2014 3:38am | Edited 4:07am
Quoting vanupips
Is there anyone that can help explain the difference in results between Swingmans indic results (not very encouraging) and Sugarman live results ? would be a big hep to me , thanks a lot.
Me too. I totally believe Sugarman's getting the results he posts here but the backtesting results are terrible. Seeing as how the standard Stochastic settings are 80/20 and this strategy uses 95/5 which is waaaaaaay overbought/oversold, I simply can't conceive that the price only reverses 54% of the time as per the backtesting, it's just not logical. But I also believe that the people doing the backtesting are genuine.

There has to be some explanation. I understand that the backtesting doesn't concern Sugarman because he's already getting the results but when you're new to the strategy it's a bit scary.
  • #599
  • Oct 5, 2014 4:07am Oct 5, 2014 4:07am
Yep, Sugarmas method in untratable in the long therm. If rigorously following his rules I got two weeks ago a week on e/u with 45% w/l ratio and 6 loses in a row, different TF or dates didnt give me satisfactory results. Although Sugarman is saying he is not using any discretion to pick up the trades, he must to do so.
I don't quite understand why he is calling this unbeatable hard math hatred and shitty behavior, thats what trading systems forums are about.
If I take in account that he was negatin his own words about martingale, I got really strange feelings about all this

After many hours in front of screen I think better approach would be to wait for some non-lagy confirmation that the swing top/bottom is already over, testing right know some promising indicators for this approach, will let you know I will find out reliable solution. If we will take in count the trend direction or sideways market conditions, where the Sugarmans method could be applied, than we can get some long therm strategy with clear and repeatable rules.
  • #600
  • Oct 5, 2014 5:16am Oct 5, 2014 5:16am
Quoting colombino
Yep, Sugarmas method in untratable in the long therm. If rigorously following his rules I got two weeks ago a week on e/u with 45% w/l ratio and 6 loses in a row, different TF or dates didnt give me satisfactory results. .
did you get those 6 consec losses trading normal UK -US trading hours only ?
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