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The similarity system

  • #10,001
  • Oct 7, 2014 12:07pm Oct 7, 2014 12:07pm
Quoting evrynet
{quote} thats your account?
no thay is fx-jay account
  • #10,002
  • Oct 7, 2014 12:10pm Oct 7, 2014 12:10pm
Quoting wealthpro
{quote} no thay is fx-jay account
and does it work for you? you earn like this?
  • #10,003
  • Oct 7, 2014 12:11pm Oct 7, 2014 12:11pm
Quoting Sciurus
{quote} Try this range bar expert. Place in experts folder, then place on 1 min chart. Choose your settings, for example to produce a 3 pip range chart, I would enter 3, 3. Now you will need to wait to receive at least 1 tick of data, and then the EA will generate an offline chart. You will need to open the offline chart (in my example I would open the 3 minute chart). You can try this with the recurrence indys. I tried and found one limitation of range bars in this regard. They, by their very nature, have many gaps. A 3 pip range bar chart may...
Interesting data for range bars - recurrence indi % data for a given H is equivalent over a variety of ranges (within the norm). Remember EURUSDD said k may either be a constant or be given by the bar... does this mean the data will not change if small, untradeable bars are removed? Seems so, but there is still a piece that most of us are missing, to solve the outlier problem - one huge middle TZ and the SL eats days worth of profits.
  • #10,004
  • Oct 7, 2014 12:17pm Oct 7, 2014 12:17pm
Quoting evrynet
{quote} and does it work for you? you earn like this?
yes it is work for fx-jay it should work for you also if you take time to understand the concept

I just wanted to share with everyone the results obtained in the last month.
For those following me from the beginning, they know that I started with this account on my 1st day on FF and I was posting my trades here on a daily basis.
It was an experiment that I wanted to be public. At that point I was confident that I'll be making good results, but never in my wildest dreams did I think it will work that well.

I am sharing the final result now because I am going to withdraw my initial deposit and trade with the profits that I made (which are a whooping 110% - yes you read that right). As you probably know, I never used a volume > 1 per trade. So the huge profits generated this month were basically accumulation of small trades. However, now I decided to try to take it to the next level.

After withdrawing the initial deposit, I will start increasing the volumes and taking much risky trades.
So for those starting new on this thread, you can achieve the results I achieved till now without taking any huge risk. This is a 90% probability system so your risk is only 10% + I can't stress enough on money management!!

The experiment I'm about to take is to transform 10K into 100K by the end of the year. This will be done by the profits made this month, not with the initial deposit!

I'll keep you updated.

All the credit goes to this thread, Eursdd, and all the generous contributors
Don't underestimate what you'll be able to learn from this thread
  • #10,005
  • Oct 7, 2014 12:18pm Oct 7, 2014 12:18pm
Quoting FX-Jay
I just wanted to share with everyone the results obtained in the last month. For those following me from the beginning, they know that I started with this account on my 1st day on FF and I was posting my trades here on a daily basis. It was an experiment that I wanted to be public. At that point I was confident that I'll be making good results, but never in my wildest dreams did I think it will work that well. I am sharing the final result now because I am going to withdraw my initial deposit and trade with the profits that I made (which are a whooping...
Congrats..... Very impressive. Will be going live tomorrow..
My help is in the name of the Lord who made heaven and earth.
  • #10,006
  • Oct 7, 2014 12:21pm Oct 7, 2014 12:21pm
Quoting wealthpro
{quote} yes it is work for fx-jay it should work for you also if you take time to understand the concept I just wanted to share with everyone the results obtained in the last month. For those following me from the beginning, they know that I started with this account on my 1st day on FF and I was posting my trades here on a daily basis. It was an experiment that I wanted to be public. At that point I was confident that I'll be making good results, but never in my wildest dreams did I think it will work that well. I am sharing the final result now...
I didn't ask about fx-jay but YOU!
  • #10,007
  • Oct 7, 2014 12:22pm Oct 7, 2014 12:22pm
Quoting FX-Jay
Here you go Few things to focus on: a- Positive Floating b- 94.55% profit trades (243/257) c- Max consecutive losses = 2 d- Max volume = 1 lot/trade e- Total profit > 100% in less than 1 month {image}
This is great - happy for you. I followed your posts as you seem to have the trick figured out - and noticed that many of the trades which were ultimately closed at either breakeven or in profit had been in some drawdown - enough to make the R:R much less than 1. Also noticed, however, that you weren't doubling down per se - each trade was handled individually. So, you had the confidence to let price come to you, as EURUSDD advised. Clearly, being able to calculate levels and probabilities in real time helps lend more courage to hold on - many would have SL'd during some of the same trades you were in, myself included.
  • #10,008
  • Oct 7, 2014 12:23pm Oct 7, 2014 12:23pm
Quoting FX-Jay
Here you go Few things to focus on: a- Positive Floating b- 94.55% profit trades (243/257) c- Max consecutive losses = 2 d- Max volume = 1 lot/trade e- Total profit > 100% in less than 1 month {image}
Mind is the King
  • #10,009
  • Oct 7, 2014 12:24pm Oct 7, 2014 12:24pm
Quoting evrynet
{quote} I didn't ask about fx-jay but YOU!
no bro just i am start.what i try to say on that excell cheat. if you achive 50% a month with 2500 with in twelve month your income like that.just projection
  • #10,010
  • Oct 7, 2014 12:35pm Oct 7, 2014 12:35pm
Quoting wealthpro
{quote} no bro just i am start.what i try to say on that excell cheat. if you achive 50% a month with 2500 with in twelve month your income like that.just projection
just today i start live trading this is my third trade eur/usd still trade going just i locked 5 pips already.only i am read all posts last two wekks and take advise from fx-jay,vlady1974.mikymike i am able to make profitable trade.i am sure i can achive 50% income on my capital. and i belive anyone have burning desire to financial freedom .they can achive with this thread.you see attached pic for proof.if i can do.you can too
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.M15.png Size: 41 KB
  • #10,011
  • Oct 7, 2014 1:01pm Oct 7, 2014 1:01pm
Quoting wealthpro
{quote} just today i start live trading this is my third trade eur/usd still trade going just i locked 5 pips already.only i am read all posts last two wekks and take advise from fx-jay,vlady1974.mikymike i am able to make profitable trade.i am sure i can achive 50% income on my capital. and i belive anyone have burning desire to financial freedom .they can achive with this thread.you see attached pic for proof.if i can do.you can too {image}
so interms of the trend whats your forecast? falling…1.26 or rising…1.27
  • #10,012
  • Oct 7, 2014 1:08pm Oct 7, 2014 1:08pm
Quoting evrynet
{quote} so interms of the trend whats your forecast? falling…1.26 or rising…1.27
i belive it is heading 1.2700 area.i am a scalper looking 5-15 pips a trade 2 or 3 trades per day my daily goal is 20-30 pips
  • #10,013
  • Oct 7, 2014 1:20pm Oct 7, 2014 1:20pm
Quoting wealthpro
{quote} i belive it is heading 1.2700 area.i am a scalper looking 5-15 pips a trade 2 or 3 trades per day my daily goal is 20-30 pips
my current tp for eur/usd is 2557 with 2645 entry
Mind is the King
  • #10,014
  • Oct 7, 2014 1:23pm Oct 7, 2014 1:23pm
Quoting MikiMax
{quote} my current tp for eur/usd is 2557 with 2645 entry
i belive you took that short on 4H chart.then your TP is resonable
  • #10,015
  • Oct 7, 2014 1:26pm Oct 7, 2014 1:26pm
Quoting wealthpro
{quote} i belive you took that short on 4H chart.then your TP is resonable
if there is SL agrresive sl 1.2680 consertive sl 1.2705
  • #10,016
  • Oct 7, 2014 1:29pm Oct 7, 2014 1:29pm
anyone trade GBPUSD? target TP is 1.6146 its is correct?
i using H1
  • #10,017
  • Oct 7, 2014 1:33pm Oct 7, 2014 1:33pm
Quoting wealthpro
{quote} i belive you took that short on 4H chart.then your TP is resonable
actually I took it from 5 min chart as I make my day trades on that tf....
but on 4hr chart that looks as well good...
moved my tp to 2528
Mind is the King
  • #10,018
  • Oct 7, 2014 1:34pm Oct 7, 2014 1:34pm
Don't forget to start your analysis from higher timeframe guys!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-4H.png Size: 185 KB
A pip is only worth it if you know how much you risked to earn it
  • #10,019
  • Oct 7, 2014 1:35pm Oct 7, 2014 1:35pm
Quoting brekz1
anyone trade GBPUSD? target TP is 1.6146 its is correct? i using H1
my GU calc make tp at 6040
entry was at 6118
Mind is the King
  • #10,020
  • Oct 7, 2014 1:41pm Oct 7, 2014 1:41pm
Quoting brekz1
anyone trade GBPUSD? target TP is 1.6146 its is correct? i using H1
I Have 1.6131
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