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Magic 5 - five pips only

  • #501
  • Dec 15, 2014 3:22am Dec 15, 2014 3:22am
Quoting tk5
{quote} I referred to the first arrow as the entry point...if it's second arrow, then big mistake..who enters on top of candle wick
The left arrow was the sell entry, the right arrow was when I pulled the plug...
Life is like a snickers, its full of nuts!
  • #502
  • Dec 15, 2014 3:22am Dec 15, 2014 3:22am
tk5
When are you going to relax your attitude about EA related posts. I would prefer that the emails that I am dealing with become public because many are very stimulating and would enhance your thread?
  • #503
  • Dec 15, 2014 3:30am Dec 15, 2014 3:30am
Quoting Dave_C
tk5 When are you going to relax your attitude about EA related posts. I would prefer that the emails that I am dealing with become public because many are very stimulating and would enhance your thread?
I donnow mate, discussion on EA goes nowhere..I technically don't know how to comment on them. I personally did multiple backtests of your latest version, all of them still go below 10.000 test sum.
always draw trendlines
  • #504
  • Dec 15, 2014 3:35am Dec 15, 2014 3:35am
Quoting firewight
{quote} The left arrow was the sell entry, the right arrow was when I pulled the plug...
thats what I am saying. you entered to late...on wick..
always draw trendlines
  • #505
  • Dec 15, 2014 3:36am Dec 15, 2014 3:36am
Quoting tk5
{quote} I donnow mate, discussion on EA goes nowhere..I technically don't know how to comment on them. I personally did multiple backtests of your latest version, all of them still go below 10.000 test sum.
that is the point I am trying to imply. I have helped you throughout this thread. it is not as simple as you imply. Look at the caveats you have put up in defence of why a trade did not work according to you theory. I can enhance your theory through intelligent discussion. You need not to put the blinkers up on open discussion and stop acting like "hitler"
  • #506
  • Dec 15, 2014 3:39am Dec 15, 2014 3:39am
Quoting tk5
{quote} thats what I am saying. you entered to late...on wick..
OK, well, I entered as soon as the candle opened...

I'll keep trying though!
Life is like a snickers, its full of nuts!
  • #507
  • Dec 15, 2014 3:41am Dec 15, 2014 3:41am
Quoting Dave_C
{quote} that is the point I am trying to imply. I have helped you throughout this thread. it is not as simple as you imply. Look at the caveats you have put up in defence of why a trade did not work according to you theory. I can enhance your theory through intelligent discussion. You need not to put the blinkers up on open discussion and stop acting like "hitler"
caveats?? what you talk about mate, i dont defend anything. I comment on peoples trades. I dont force anyone here about the method.
I told you that EA discussion floods the thread, and you should havent closed PMs. I wanted to pm you about my thoughts (and I dic before actually), your choice.
always draw trendlines
  • #508
  • Dec 15, 2014 3:44am Dec 15, 2014 3:44am
Your theories in your simplified form do not work, that's why I am trying to elevate this thread and I am appealing to intellectual people to provide extra insight! Furthermore that's why my EA with your unchanged inputs do not work. Let this thread progress on intelligent discussion rather than unsubstantiated theories. As one poster said, if your theory is so great, why don't you post a live account?
  • #509
  • Dec 15, 2014 3:52am Dec 15, 2014 3:52am
In case you didn't know - [email protected] I challenge you to do the same and while are on the point prove that I have ever represented a commercial interest. Never have and never will. WAKE UP!!!
  • #510
  • Dec 15, 2014 3:52am Dec 15, 2014 3:52am
Quoting Dave_C
Your theories in your simplified form do not work, that's why I am trying to elevate this thread and I am appealing to intellectual people to provide extra insight! Furthermore that's why my EA with your unchanged inputs do not work. Let this thread progress on intelligent discussion rather than unsubstantiated theories. As one poster said, if your theory is so great, why don't you post a live account?
listen, you are the only person here who obviously claims manual trading doesn't work maybe just because you tend to defend your EA. You are trying to convicne me that my simplified method doesn't work??? I am laughing. read the thread and tell us how many people said that )))))
always draw trendlines
  • #511
  • Dec 15, 2014 4:10am Dec 15, 2014 4:10am
Quoting Dave_C
Your theories in your simplified form do not work, that's why I am trying to elevate this thread and I am appealing to intellectual people to provide extra insight! Furthermore that's why my EA with your unchanged inputs do not work. Let this thread progress on intelligent discussion rather than unsubstantiated theories. As one poster said, if your theory is so great, why don't you post a live account?
I think this is the same debate that is going for ever in all FF thread, the problem is that whatever system is posted along FF, if you try to convert it to an automatic trading system (and I've did a lot since 2006) it's going to fail when backtested or traded in live with an expert advisor.

Why ?

Well most of the time the system itself doesn't have any edge but in most case it's the op thread that developed a kind of subconscious awareness that keep him to stay away from wrong trade due to his own interpretation of the whole scenario that keep him to be profitable using that system.

The trick in this 5-pips system is that the whole system cannot be automatize in a simple way because tk5 use his own experience to filter good/bad trades in simple words it's strong discretionary, so converting the simple rules in pag1 into an EA gives in the end poor result.

For the same reason , I won't be surprised if mostly users here never be profitable trading manually this system because they didn't apply, as probably tk5 does, the correct discrectionality that turn this system from loser to winner.......provided that this 5-pips system actually has an edge!!

Just my 2 pips

Regards,
Skyline
  • #512
  • Dec 15, 2014 4:12am Dec 15, 2014 4:12am
never a truer word said!
  • #513
  • Dec 15, 2014 4:14am Dec 15, 2014 4:14am
PS discretionary
  • #514
  • Dec 15, 2014 4:18am Dec 15, 2014 4:18am
[quote=skyline;7944290]{quote} I think this is the same debate that is going for ever in all FF thread, the problem is that whatever system is posted along FF, if you try to convert it to an automatic trading system (and I've did a lot since 2006) it's going to fail when backtested or traded in live with an expert advisor. Why ? Well most of

Spot on. The method is one thing, catching the OP's train of thought is something else.
  • #515
  • Dec 15, 2014 4:21am Dec 15, 2014 4:21am
This week, I´ll put 1 and 1 together to get even the laziest traders a chance to profit from tk5´s system.
  • #516
  • Dec 15, 2014 4:23am Dec 15, 2014 4:23am
There is not exceptional stuff going on OP's mind (my mind)! I personally do all the same thing shared on this thread, in fact.

Do I have to go ahead and trade for every person or sth?? It's about gaining experience.

I cant be brave for smb...System sharers don't have to convince people to use his method. If you fail, but others succeed means problem is in your head.
always draw trendlines
  • #517
  • Dec 15, 2014 4:27am Dec 15, 2014 4:27am
Quoting tk5
{quote} listen, you are the only person here who obviously claims manual trading doesn't work maybe just because you tend to defend your EA. You are trying to convicne me that my simplified method doesn't work??? I am laughing. read the thread and tell us how many people said that )))))
The point I am trying to imply is that your principle is OK. it's just that it needs to be refined. you don't seem to get that. I haven't been destructive to your theory up until now when you put on the " blinkered eyes".

i have never ever altered your predication but now is the time for it to be questioned. TOO SIMPLE! As to the people who religously follow your simplistic approach, publish their results on a trusted medium. You still have not emailed me to prevent This very public distraction!
  • #518
  • Edited 4:41am Dec 15, 2014 4:30am | Edited 4:41am
Quoting Dave_C
{quote} The point I am trying to imply is that your principle is OK. it's just that it needs to be refined. you don't seem to get that. I haven't been destructive to your theory up until now when you put on the " blinkered eyes". i have never ever altered your predication but now is the time for it to be questioned. TOO SIMPLE! As to the people who religously follow your simplistic approach, publish their results on a trusted medium. You still have not emailed me to prevent This very public distraction!
why to email if I could PM you..your attitude by disabling PMs is wrong. so why would I email .

All this distracts me from trade man. Kindly all stop this discussion. Takes me my time alot!
always draw trendlines
  • #519
  • Dec 15, 2014 4:34am Dec 15, 2014 4:34am
the thing is guys an ea can help, at the end of the day its just another tool, and we need this discussion to perfect it, even if you only use it as a trade alert that alone is really useful for me, i personally dont have hours of free time to stare at my laptop screen! my trading will never be 100% automated but if an ea can identify and alert me to a good probability set up then thats a good thing in my eyes.
  • #520
  • Dec 15, 2014 4:36am Dec 15, 2014 4:36am
The way i see it it is 3 options

1 you understand the method and can trade it profitable.

2 You dont understand the method completly, so you ask questions, learning and be better at it, but you believe in it somehow.

3 You think the method dont work or it dont work for you and you cant use it. Ok it dont work for you move on please find another method that work for you. Please dont stand in this thread telling everybody that this dont work, this will do nothing good for you or anybody else. But it can ruin for traders that try to learn this method, and it waste everybodys times including yours.

This is just my thout i see this people in every thread sayin this strategy dont work the indicators repaint or are lagging. PLEASE JUST MOVE ON.


Best regards
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