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Attachments: 18 Pips per Day (3% per week) Trading System
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18 Pips per Day (3% per week) Trading System

  • #221
  • Nov 30, 2014 6:21am Nov 30, 2014 6:21am
Quoting srt
I hope the EA is as good as you think it is but I'm a bit confused :-) The EA alone with no intervention ran for 3 days & is down 12%. Watching your trading for the last year has produced losses. Why will combining the 2 make for a profitable system? />
I believe math says: -ve minus -ve = +ve maybe similar forces at play behond the idea?
there is always, always another trade!!
  • #222
  • Nov 30, 2014 6:38am Nov 30, 2014 6:38am
Quoting profitfarmer
{quote} I believe math says: -ve minus -ve = +ve maybe similar forces at play behond the idea?
correct if he was losing on his EA and he was losing trading manually it means that EA with his intervention will give profits
On my way to financial independence - if others can do it - I can do it
  • #223
  • Nov 30, 2014 6:39am Nov 30, 2014 6:39am
Quoting srt
I hope the EA is as good as you think it is but I'm a bit confused :-) The EA alone with no intervention ran for 3 days & is down 12%. Watching your trading for the last year has produced losses. Why will combining the 2 make for a profitable system? I really do hope you can make a profit with this but caution to keep the trading small until it's proven to work. No depression if it doesn't work after 1 week & no celebration if it does well after 1 week :-) Good Luck!
loss was within 1 day, not 3 ;-)
On my way to financial independence - if others can do it - I can do it
  • #224
  • Edited Dec 1, 2014 2:54am Nov 30, 2014 1:40pm | Edited Dec 1, 2014 2:54am

Starting Monday 1/12/2014


I have added the ££ as follows - Three Accounts

{bettingtrades.com (EA Auto) 0.5% per day}
This is the full auto pilot- no intervention.I enable my EA everyday @22:00 GMT and when it reaches 0.5% growth for that day then all trades will close
{bettingtrades.com (EA Auto Manual Intervention) 0.5% per session}
This has a target of 0.5% per session , i.e , every time I enable the EA based on the trading statistics, I target 0.5% growth for that session and close all trades
{bettingtrades.com (EA Auto Manual Intervention) }
This has no target , i.e , every time I enable the EA , I expect that particular pair to trend and will only exit when the EA exit rules permit kick in.This will also include the 3rd option , i.e a few selected trades based on the EA statistics.

Let the show begin !

  • #225
  • Nov 30, 2014 1:41pm Nov 30, 2014 1:41pm
Quoting tafadzwa02
Starting Monday 1/12/2014 I have added the ££ as follows - Three Accounts {bettingtrades.com (EA Auto) 0.5% per day} This is the full test - no intervention.I enable my EA everyday @ 06:00 and when it reaches 0.5% growth for that day then all trades will close {bettingtrades.com (EA Auto Manual Intervention) 0.5% per session} This has a target of 0.5% per session , i.e , every time I enable the EA , I target 0.5% growth for that session and close all trades {bettingtrades.com (EA Auto Manual Intervention) } This has no target , i.e , every time...
so the drama starts again
On my way to financial independence - if others can do it - I can do it
  • #226
  • Dec 2, 2014 2:02am Dec 2, 2014 2:02am
Attached is the Original document to track my progress.Just to be clear to all the skeptics; The EA Auto is my worst performing account because it has no manual intervention ,I will let it run as a robot. I expect something like 1-2 % growth per week on that account .
Attached File(s)
File Type: xlsx Betting_Trades_WC-30-12-2014.xlsx   188 KB | 255 downloads
  • #227
  • Dec 2, 2014 8:16pm Dec 2, 2014 8:16pm
No trades for the amazing EA or are you tweaking the EA?

I'm excited to see the performance, so lets start the war drum rolling.

Cheers,
Fear prevent possibilities, and so does Greed
  • #228
  • Dec 2, 2014 8:25pm Dec 2, 2014 8:25pm
Waiting too for the result.....
  • #229
  • Dec 2, 2014 11:50pm Dec 2, 2014 11:50pm
Quoting xtrader101
No trades for the amazing EA or are you tweaking the EA? I'm excited to see the performance, so lets start the war drum rolling. Cheers,
Quoting macsoj
Waiting too for the result.....
I have no signals to intervene and start trading , I guess that explains why the EA Auto is losing so many trades.
The problem with EA Auto is that it has so many big losses and big winners , so it does not excite me at all but I still expect it to come up with 1-2% winnings on average per week , so thats why I am using it , otherwise it is a bit crappy

Quoting tafadzwa02
Starting Monday 1/12/2014 I have added the ££ as follows - Three Accounts {bettingtrades.com (EA Auto) 0.5% per day} This is the full auto pilot- no intervention.I enable my EA everyday @22:00 GMT and when it reaches 0.5% growth for that day then all trades will close {bettingtrades.com (EA Auto Manual Intervention) 0.5% per session} This has a target of 0.5% per session , i.e , every time I enable the EA based on the trading statistics, I target 0.5% growth for that session and close all trades {bettingtrades.com (EA Auto Manual Intervention) }...
I guess I need to drop the (EA Auto) .I have always known that its crap but was just testing with real money to see it myself , and I don't need any further evidence .
Let's face it there's no single system which you can blindly follow and which will magically make you money every day. Markets conditions change and as a trader you'll have to adapt too , Thats why I am stopping the (EA Auto)
  • #230
  • Dec 3, 2014 10:34am Dec 3, 2014 10:34am
Quoting tafadzwa02
{quote} I guess I need to drop the (EA Auto) .I have always known that its crap but was just testing with real money to see it myself , and I don't need any further evidence . Let's face it there's no single system which you can blindly follow and which will magically make you money every day. Markets conditions change and as a trader you'll have to adapt too , Thats why I am stopping the (EA Auto)
that's why we were telling you to test on demo
On my way to financial independence - if others can do it - I can do it
  • #231
  • Dec 3, 2014 10:49am Dec 3, 2014 10:49am
You said you EA is crappy.

You said your strategy works, but you cannot control your emotions.

So, where do we go from here?

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #232
  • Dec 3, 2014 10:56am Dec 3, 2014 10:56am
Quoting xtrader101
you said you ea is crappy. You said your strategy works, but you cannot control your emotions. So, where do we go from here? Cheers, fxturtle
lets gamble - it might work this time :d
On my way to financial independence - if others can do it - I can do it
  • #233
  • Dec 3, 2014 11:24am Dec 3, 2014 11:24am
Quoting xtrader101
You said you EA is crappy. You said your strategy works, but you cannot control your emotions. So, where do we go from here? Cheers, FxTurtle
You are using selective hearing here , I said !!!

Quoting tafadzwa02
Starting Monday 1/12/2014 I have added the ££ as follows - Three Accounts {bettingtrades.com (EA Auto) 0.5% per day} This is the full auto pilot- no intervention.I enable my EA everyday @22:00 GMT and when it reaches 0.5% growth for that day then all trades will close {bettingtrades.com (EA Auto Manual Intervention) 0.5% per session} This has a target of 0.5% per session , i.e , every time I enable the EA based on the trading statistics, I target 0.5% growth for that session and close all trades {bettingtrades.com (EA Auto Manual Intervention) }...
then
Quoting tafadzwa02
Attached is the Original document to track my progress.Just to be clear to all the skeptics; The EA Auto is my worst performing account because it has no manual intervention ,I will let it run as a robot. I expect something like 1-2 % growth per week on that account . {file}
Then
Quoting tafadzwa02
{quote} {quote} I have no signals to intervene and start trading , I guess that explains why the EA Auto is losing so many trades. The problem with EA Auto is that it has so many big losses and big winners , so it does not excite me at all but I still expect it to come up with 1-2% winnings on average per week , so thats why I am using it , otherwise it is a bit crappy
And finally
Quoting tafadzwa02
{quote} I guess I need to drop the (EA Auto) .I have always known that its crap but was just testing with real money to see it myself , and I don't need any further evidence . Let's face it there's no single system which you can blindly follow and which will magically make you money every day. Markets conditions change and as a trader you'll have to adapt too , Thats why I am stopping the (EA Auto)
So am not sure where you are getting your conclusion from.

In SHORT!

I said my (EA Auto) is crap IF it runs without intervention
  • #234
  • Dec 3, 2014 11:27am Dec 3, 2014 11:27am
Quoting tafadzwa02
{quote} I really need this EA now , am just tired of emotional trades .My system works and I know it , its just me who is the problem , I need the EA as soon as possible Thanks
OK, if you say so Master Yoda.

Cheers,
Fear prevent possibilities, and so does Greed
  • #235
  • Dec 3, 2014 6:38pm Dec 3, 2014 6:38pm
I think you should have left all DEMO accounts continue to run for at least a month even if not looking good. Isn't costing anything. No system is going to work 100% of the time so to stop testing after a few days doesn't give you enough data to review. Same for the trading you're doing now. Don't stop & toss it out if it isn't profitable after a few days. You might find the problems with the system if you have lots of trades to look at. Easier to notice a problem if you see it in 30 out of 100 trades than 3 out of 10 trades.

A "breakout" system isn't good in a ranging market. An "overbought/oversold" system isn't good in a trending market. But with a good money management method utilized both systems can be profitable over the long run.

Happy Trading!
  • #236
  • Dec 4, 2014 4:00am Dec 4, 2014 4:00am
Quoting srt
I think you should have left all DEMO accounts continue to run for at least a month even if not looking good. Isn't costing anything. No system is going to work 100% of the time so to stop testing after a few days doesn't give you enough data to review. Same for the trading you're doing now. Don't stop & toss it out if it isn't profitable after a few days. You might find the problems with the system if you have lots of trades to look at. Easier to notice a problem if you see it in 30 out of 100 trades than 3 out of 10 trades. A "breakout" system...


Really gutted , my EA closed the trades because it was incorrectly configured and I could have won my 5% for the week already by now , typical !!
On the Issue of a Demo , I think srt is right , I will have a proper Demo account to run the EA Auto for a month and see how it performs.

So it will be like this from Monday 08-12-2014


{bettingtrades.com (EA Auto) 0.5% per day --Demo Account }
This is the full auto pilot- no intervention.I enable my EA everyday @22:00 GMT and when it reaches 0.5% growth for that day then all trades will close
{bettingtrades.com (EA Auto Manual Intervention) 0.5% per session --Live Spread Betting Account}
This has a target of 0.5% per session , i.e , every time I enable the EA based on the trading statistics, I target 0.5% growth for that session and close all trades
{bettingtrades.com (EA Auto Manual Intervention) Live Spread Betting Account }
This has no target , i.e , every time I enable the EA , I expect that particular pair to trend and will only exit when the EA exit rules permit kick in.This will also include the 3rd option , i.e a few selected trades based on the EA statistics.
  • #237
  • Dec 4, 2014 4:47am Dec 4, 2014 4:47am
told ya ;-) you never listen to me
I got 3.2% profit this week at 256 pips in 8 trades. Less greed, less expectations is way to success. Only 1 of those trades gav me 1%, rest were lower, but all winners. it's better to close trade at 0.2% profit rather than 3% loss ;-). I close trades as quick as they give me reasonable profits. then price goes another 100 pips my way but I don't care as long as I am profitable. you won;t catch whole movements all the time. I've seen on your automatic EA that you had lots of trades on plus but you were holding to them and then they were going towards loss. trade with 3-5% profit is not enough for you? maybe not, but then those trades change into 3% loss. You do it to yourself.

I did set my acount to public just for today, so you can see the idea
On my way to financial independence - if others can do it - I can do it
  • #238
  • Dec 4, 2014 9:50am Dec 4, 2014 9:50am
Quoting Eur Usd
told ya ;-) you never listen to me I got 3.2% profit this week at 256 pips in 8 trades. Less greed, less expectations is way to success. Only 1 of those trades gav me 1%, rest were lower, but all winners. it's better to close trade at 0.2% profit rather than 3% loss ;-). I close trades as quick as they give me reasonable profits. then price goes another 100 pips my way but I don't care as long as I am profitable. you won;t catch whole movements all the time. I've seen on your automatic EA that you had lots of trades on plus but you were holding...
It is not the who got bigger xxxx contest

However, the thing I cant not notice, that out of your closed trades, you not only have more losers, but also they tend to be larger than winners; an unfortunate combination. I urge you, as before, demo a bit more your system, might save you from the suicide on live.
there is always, always another trade!!
  • #239
  • Dec 5, 2014 11:49am Dec 5, 2014 11:49am
Using an EA on a Live account is certainly different from backtesting OR Demo account.I have learnt one or two lessons this week.Some strange currency behaviour and some strange trades as well , especially during the night and news times , wow .
Anyway , I am staring again with only 2 Live Accounts and deposit £1000 in each each and I will also have a Demo Account for the EA Auto .Lets see how it goes.
  • #240
  • Dec 5, 2014 11:52am Dec 5, 2014 11:52am
I am speechless. what is the difference between 500 account and 1000 account? 10% loss from 500 is 50 and 10% loss from 1000 is 100. This EA is copy of your unsuccessful trading method - what do you expect? that If you top up another 500 you'll start winning?
On my way to financial independence - if others can do it - I can do it
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