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  • #1,101
  • Dec 10, 2014 7:47am Dec 10, 2014 7:47am
Quoting thodie
{quote} there are no 100% itīs impossible... forget all the high win rate junk food, you need 51% with a 1:1 R/R or much less as long as you adapt your risk/reward value to the estaminated win rate. have made that mistake in the past with coding many many times, searching for high probability entries. itīs bullshit and running in circles over all. simple entry, exit on counter signal no fixed tp or sl just go with the market flow and make sure that you cut losers faster than winners. it may sound simple but seems to be difficult in reality, but...
At last every trader come to this point. flow "Water shapes its course according to the nature of the ground"
don't predict direction, but dance with flow of water
  • #1,102
  • Dec 10, 2014 8:00am Dec 10, 2014 8:00am
As grate fti says!!

"Hi ALL,

before we go on, I think I should mention this.

A long time ago.
Mr. Welles Wilder taught me this.
This is not new.It was old when the Phoenicians were trading with the Romans and the Greek
Philosophers cornered the olive oil market. This is the concept.

The percentage gain it takes to recover a loss increases geometrically with losses.

The concept is as the following table

% Loss initial capital % profit required to Recover
5------------------------5.3
10----------------------11.1
15----------------------17.6
20-----------------------25
25----------------------33.3
30----------------------42.9
35----------------------53.8
40----------------------66.7
45----------------------81.8
50----------------------100
55----------------------122
60----------------------150
65----------------------186
70----------------------233
75----------------------300
80----------------------400
85----------------------567
90----------------------900


The % gain required to to come back to balance (break even) will increase gemetrically with
your losses.
if you loss 20% of your capital. you will have to make 25% to come back to breakeven.
However if you lose 50% of your capital, you have to make 100% to come back to break
even.
So please be careful with your trading.
don't predict direction, but dance with flow of water
  • #1,103
  • Dec 10, 2014 8:05am Dec 10, 2014 8:05am
erhh...

Learn about Martingale Loss Recovery. I never had a losing trade ever again. Maybe breakeven. I lost one due to me kicking the system.

PS. Dustin Pass has it called the Advanced Loss Recovery.
Forex Price Action Hacked - Price Action Rockstar
  • #1,104
  • Dec 10, 2014 8:28am Dec 10, 2014 8:28am
Quoting priceaction1
As grate fti says!! "Hi ALL, before we go on, I think I should mention this. A long time ago. Mr. Welles Wilder taught me this. This is not new.It was old when the Phoenicians were trading with the Romans and the Greek Philosophers cornered the olive oil market. This is the concept. The percentage gain it takes to recover a loss increases geometrically with losses. The concept is as the following table % Loss initial capital % profit required to Recover 5------------------------5.3 10----------------------11.1 15----------------------17.6 20-----------------------25...
My favorite Quote:

  1. "The greatest shortcoming of the human race is our inability to understand the exponential function." — Albert A. Bartlett

just do it
  • #1,105
  • Dec 10, 2014 8:29am Dec 10, 2014 8:29am
Quoting 4xPIPAHOLIC
{quote} I could have not said it better....."Master Thodie" 4x
just do it
  • #1,106
  • Edited 3:02pm Dec 10, 2014 10:46am | Edited 3:02pm
For me it is always a scam alert when I see someone entering a thread and starting to post charts with unknown colorful indicators that have nothing to do with the thread and that are not posted together with the charts.
  • #1,107
  • Edited 7:18pm Dec 10, 2014 12:20pm | Edited 7:18pm
Quoting billbss
{quote} Ferru, I like and respect you but I don't think you should sell anything through this forum without being a Commercial member. If someone PMs you and asks you to make an indicator, you should either do it free of charge or refuse to do it, at all. You shouldn't try to sell your services unless you are Commercial. Go Commercial and sell all you want. You do excellent work and will probably do well with it.
Bill, I'm afraid I must disagree with you here.

Programmers perform sterling work with good intentions. They deserve to be paid for their time just like a doctor, an accountant or a tradesman. They are not at all like the commercial members who sell dubious or unproven systems, signals, or education. Hence they don't deserve to be lumped into the same category, or to have their other FF rights (ability to post in other forums, send/receive PMs, etc) cancelled.

Some programmers perform a mix of commercial and free work. At one point I fell into that category myself. If these programmers were forced to become commercial members, they would no longer be able to help out others, by troubleshooting bugs or answering questions on the Platform Tech forum.

Programmers are not scammers. If I code an EA according to a trader's rules, and the EA is unprofitable, that is not my fault, even if I was paid for the work. All I've done is simply perform a service, involving my time, effort and expertise, and I should be able to be rewarded for that (if that was the arrangement with the trader), without having my forum rights revoked.

On the other hand, I would argue that there are FF members who attempt to scam programmers in the Platform Tech forum. They claim that they have a massively profitable system, and need an EA, just to get free coding. I have also been approached privately by a few of these folk, some of whom had an almost legendary following here and more than 20 vouches. In a couple of cases I refined and retested code over a period of several weeks as the trader continuously proposed different entry filters, MM, etc, in a vain attempt to make the system profitable. The bottom line is that with any EA or indicator that can not be used profitably, then if the programmer has worked for free, he has wasted his time. IMO these dubious characters who should lose their forum rights long before any programmer does.

Just my view.

David
  • #1,108
  • Dec 10, 2014 3:56pm Dec 10, 2014 3:56pm
Quoting david_akc
erhh... Learn about Martingale Loss Recovery. I never had a losing trade ever again. Maybe breakeven. I lost one due to me kicking the system. PS. Dustin Pass has it called the Advanced Loss Recovery.

Ah, again someone with as deep pockets as some central banks
  • #1,109
  • Dec 10, 2014 4:00pm Dec 10, 2014 4:00pm
Quoting hanover
{quote} Bill, I'm afraid I must disagree with you here. Programmers perform sterling work with good intentions. They deserve to be paid for their time just like a doctor, an accountant or a tradesman. They are not at all like the commercial members who sell dubious or unproven systems, signals, or education. Hence they don't deserve to be lumped into the same category, or to have their other FF rights (ability to post in other forums, send/receive PMs, etc) cancelled. Some programmers perform a mix of commercial and free work. At one point I fell...


Hi David,


thanks for clarifying words. Looks very reasonable to me.......


  • #1,110
  • Edited 9:54pm Dec 10, 2014 4:08pm | Edited 9:54pm
Quoting infinitus
{quote} Ah, again someone with as deep pockets as some central banks
Yes, I'll think I'll pass on anything else that Dustin has to offer. Martingale has been around for centuries. There's nothing advanced about it. The use of words like "secret", "advanced", "amazing", "revolutionary", "ultimate", "never before released", "holy grail" etc etc is a red flag, at least in my book.

I googled "Dustin Pass" and the first thing that popped up was this. Of course there are two sides to every story, and I wouldn't write somebody off on the opinion of just one other person, but I'm immediately suspicious of anybody who recommends anything martingale, and this adds further doubt.

I've posted this link before, but in case anybody missed it, it's the bottom line truth about all MM systems, including martingale, anti-martingale, d'Alembert, Guetting, Labouchere, Oscar's Grind, Paroli, One Half Up, Parlay, 1-3-2-6, ...... whatever. Although the Wizard of Odds site is primarily about casino gaming, expectancy theory (MM) can be applied to any speculative activity that generates wins and losses....... as indeed trading does.

__________________________

[EDIT] A couple more folk who seem to like martingale:

1. Nathan Tucci, of Winners Edge Trading, also advocates martingale. Casey Stubbs, also of Winners Edge, was recently selling 'Strike Trader' for $3497, which IMHO is a lot to pay for what is effectively a couple of MT4 indicators. Again, I'm not making any accusations, but I'd certainly perform some careful due diligence before buying from these guys (as you should with any vendor, of course).

2. The 4X-DAT software employs a martingale-based "zone recovery" system (the equity curves in posts #228 and #229 in that thread don't look that pretty). Looks like it was developed by Joseph Nemeth of Global Profit Technologies, and (looking at the linked thread) is endorsed by Craig Harris. Again, I've nothing concrete against either of these vendors, but once again it's martingale, so caveat emptor. Some more opinions have been posted here and here.
  • #1,111
  • Dec 10, 2014 5:41pm Dec 10, 2014 5:41pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting hanover
{quote} Bill, I'm afraid I must disagree with you here. Programmers perform sterling work with good intentions. They deserve to be paid for their time just like a doctor, an accountant or a tradesman. They are not at all like the commercial members who sell dubious or unproven systems, signals, or education. Hence they don't deserve to be lumped into the same category, or to have their other FF rights (ability to post in other forums, send/receive PMs, etc) cancelled. Some programmers perform a mix of commercial and free work. At one point I fell...
Thank you David to enlight all this ... in a better way than I did!
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,112
  • Dec 10, 2014 10:38pm Dec 10, 2014 10:38pm
Quoting hanover
{quote} Yes, I'll think I'll pass on anything else that Dustin has to offer. Martingale has been around for centuries. There's nothing advanced about it. The use of words like "secret", "advanced", "amazing", "revolutionary", "ultimate", "never before released", "holy grail" etc etc is a red flag, at least in my book. I googled "Dustin Pass" and the first thing that popped up was this. Of course there are two sides to...

Hi David,

great resources. Bookmarked
  • #1,113
  • Dec 11, 2014 12:58am Dec 11, 2014 12:58am
Quoting hanover
{quote} Bill, I'm afraid I must disagree with you here. Programmers perform sterling work with good intentions. They deserve to be paid for their time just like a doctor, an accountant or a tradesman. They are not at all like the commercial members who sell dubious or unproven systems, signals, or education. Hence they don't deserve to be lumped into the same category, or to have their other FF rights (ability to post in other forums, send/receive PMs, etc) cancelled. Some programmers perform a mix of commercial and free work. At one point I fell...
What happen if the EA he is being asked to code is highly profitable? That would be priceless becos as a coder he is also able to trade with it and in a worst case scenario even hijack it as his own no?

GS.
  • #1,114
  • Dec 11, 2014 1:24am Dec 11, 2014 1:24am
Quote
Beneath the price is the lava of the underlying energy stored inside the pairs.
Do you see what I see?
When the pair are hot, the color is GREEN..
When the pairs are cold, the color is RED...
The colors are created by God. Using colors in the charting is to honor God and show our appreciations that we are not colorblind or blind.
I am an one-eyed man in the land of the blind who believes that colors are not necessary because they cannot see.
I was blind but now I see...

Wow this scammer has no limit. Hard to believe he can still get some customers.
  • #1,115
  • Dec 11, 2014 3:12am Dec 11, 2014 3:12am
Quoting hanover
{quote} Bill, I'm afraid I must disagree with you here. Programmers perform sterling work with good intentions. They deserve to be paid for their time just like a doctor, an accountant or a tradesman. They are not at all like the commercial members who sell dubious or unproven systems, signals, or education. Hence they don't deserve to be lumped into the same category, or to have their other FF rights (ability to post in other forums, send/receive PMs, etc) cancelled. Some programmers perform a mix of commercial and free work. At one point I fell...
Ghost Rider - WWTBMD?
  • #1,116
  • Dec 11, 2014 3:23am Dec 11, 2014 3:23am
So on another note, I can see where just participating in this thread has it's consequences for long term members in good standing and it would seem even turn them against one another. After many years of friendly interaction RJ just ignored me. I have to "assume" it's due to something I said here?

Anyway, if folks who are not the target of a potential scam or known as a troll in these parts are silenced for expressing an opinion, that's taking the whole MOB mentality way too far in my humble book.

So if this is true?
Attached Image


I can understand his disgust and I must say, I share it. Good luck with this mess folks. I'm done with this thread and it's creator.

RJ, I hope you'll reconsider as we've had no beef at all. But if not, I understand.

Anyway, back to what this forum is "supposed" to be all about ... TRADING!

Chris

Attached Image
Ghost Rider - WWTBMD?
  • #1,117
  • Dec 11, 2014 4:26am Dec 11, 2014 4:26am
Quoting albchr
So on another note, I can see where just participating in this thread has it's consequences for long term members in good standing and it would seem even turn them against one another. After many years of friendly interaction RJ just ignored me. I have to "assume" it's due to something I said here? Anyway, if folks who are not the target of a potential scam or known as a troll in these parts are silenced for expressing an opinion, that's taking the whole MOB mentality way too far in my humble book. So if this is true? {image} I can understand his...

Kind of an odd reaction, considering your participation here has in no way derided any other members. If someone ignores you for participating in a thread, isn't that kind of I'm not your friend if you're his friend schoolyard mentality?

But, fair enough. Do what you feel.
Wealth comes from what you keep, not what you earn
  • #1,118
  • Dec 11, 2014 6:18am Dec 11, 2014 6:18am
Iīm not sure if this is the right place for another real scammer !
You can find him under : http://mekamarin.com/ or www.tycoon-fx.com

Itīs some years ago , but he still provides " managed accounts " .. but itīs all fake !
In a expensive Seminar here near Frankfurt , he provided a " totally great working " strategy ..( kind of breakout / totally shit !!)
But in fact , he traded a totally different strategy on many real accounts .. also mine ..
The blowoff was the fact .

He is still in business .. and burned many other accounts , as everybody can read when you google it .
Iīm sure there are more black sheeps on the marketplace " trading " , but that is aone of the big ones .
Hope that helped
Guido
Risiko birgt immer auch die Chance.
  • #1,119
  • Edited 7:06am Dec 11, 2014 6:27am | Edited 7:06am
Chris, read between the lines. This thread is a blessing for desperate people who will hopefully find it before giving in to their desperation.

Now when I say read between the lines. The one in question has a thread in the systems section. Fancy name, fancy indicators and the whole nine yards. Now let's see..... This thread can put a damper on anyone's future plans of _________.

Scammers are extremely clever and plan way out, even years in advance. It's amazing how elaborate. So in a nutshell, we are all part of screwing up those plans.

This thread probably helped initiate one of the greatest Scammer raids on FF to this date which occurred this past Friday.

Anyway, it's just an ignore button on an internet forum. It's an indicator of who's a crack pot to be honest.

That's all I'm saying.


Quoting albchr
So on another note, I can see where just participating in this thread has it's consequences for long term members in good standing and it would seem even turn them against one another. After many years of friendly interaction RJ just ignored me. I have to "assume" it's due to something I said here? Anyway, if folks who are not the target of a potential scam or known as a troll in these parts are silenced for expressing an opinion, that's taking the whole MOB mentality way too far in my humble book. So if this is true? {image} I can understand his...
SPC * Swollen PocketZ Crew!
  • #1,120
  • Dec 11, 2014 7:05am Dec 11, 2014 7:05am
Scammers actually believe in their minds, they are not doing anything wrong because in reality, they are the desperate ones always trying to make a buck at all cost. (Prison)

Peace
SPC * Swollen PocketZ Crew!
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