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And now for something completely different

  • #81
  • Feb 13, 2015 3:24pm Feb 13, 2015 3:24pm
Quoting studio1
{quote} 800 pips over 2 weeks - fantastic result!
Especially considering the lack of effort.

I had been trading it in demo since the 1 Jan, there have only been 4 net losing days in that period using SP and Gold.
tradewith60
  • #82
  • Feb 13, 2015 6:23pm Feb 13, 2015 6:23pm
I've backtested this for a week on EURUSD and it lost rather big :S guess it doesn't do so well in ranging markets. hopefully tomorrow will test it again under other circumstances

thanks 60
  • #83
  • Edited 7:25pm Feb 13, 2015 6:53pm | Edited 7:25pm
Quoting EternalNewB
I've backtested this for a week on EURUSD and it lost rather big :S guess it doesn't do so well in ranging markets. hopefully tomorrow will test it again under other circumstances thanks 60
just had a quick look... looks like a winner to me??? (woops wrong name too.. sorry Eugal and Eternal... bit of a mix up)

Inserted Video
tradewith60
  • #84
  • Feb 13, 2015 11:20pm Feb 13, 2015 11:20pm
Quoting 60minuteman
3. use breakout entries 4. tp in profit and re-enter
Sir 60, it is great seeing you here again.

You are virtually the only person on FF whose threads are stimulating enough for me to want to contribute, starting with the good ole Buy Sell Line Trading. In those days, you might recall that I used a fixed target of 1R w/ 65%-70% win rate trading pullbacks. And you were the opposite, believing that over time it was best to let a portion, if not all of a position, run for those 3R+ moves that really flowed down to the bottom line.

Well, since then, I have gravitated over to the higher R:R camp, taking half off at 1R (but not necessarily moving my stop to b/e) and trailing the other half. It sounds like you are now going for a higher win rate with smaller wins. Is that correct?

Otherwise, a trader in his 80's showed me that (for longs) recognizing an uptrend either through the use of a trend indicator like an MA or just eyeballing it, and then buying every higher high following a pullback (even if just a one-bar pullback) in that trend, has positive expectancy. I have not tested it the way Linda tests things, but one can eyeball it to see its effectiveness. And you are proving that out here.

My best
  • #85
  • Feb 14, 2015 2:40am Feb 14, 2015 2:40am
Quoting 60minuteman
{quote} just had a quick look... looks like a winner to me??? (woops wrong name too.. sorry Eugal and Eternal... bit of a mix up) https://www.youtube.com/watch?v=xrUyJZKfE7c
60 thanks you so much for the vid it really really helps (Although the week I've backtested another week {Jan 12 to 16}) it helped me see what i was doing wrong

One more question after watching the vid, do you TP at the close of the candle ? what i mean is do you close while the candle is still opened if you feel it is retracing ?

This Friday I was long on EURUSD on that last long (inverted pin you said in the vid you would still be in it) and I closed it on profit while it was still open because I "felt" (or should I say got scared) it was retracing. so if you add a "rule" never to close a trade while the candle is open it would remove the fear factor from it

thanks
  • #86
  • Feb 14, 2015 5:02am Feb 14, 2015 5:02am
Quoting California
{quote} Sir 60, it is great seeing you here again. You are virtually the only person on FF whose threads are stimulating enough for me to want to contribute, starting with the good ole Buy Sell Line Trading. In those days, you might recall that I used a fixed target of 1R w/ 65%-70% win rate trading pullbacks. And you were the opposite, believing that over time it was best to let a portion, if not all of a position, run for those 3R+ moves that really flowed down to the bottom line. Well, since then, I have gravitated over to the higher R:R camp,...
welcome Cali'... great to hear from you!

Over my time I have tried everything, I used to have very strong opinions about what was 'best' but in time I came to realize that in an uncertain market there is no best, there is only profit and loss.

There are sweetspots in trading but essentially ANY technical approach can be made to work.. you just need to play with the money management, apply good use of emotions and feelings and then repeat.

One thing I have noticed is that when you hit the 'sweetspot' for a particular approach it is going to feel wrong and alien, here is where we need to apply our knowledge of human behaviour to be able to execute effectively. If you have all 3, logical technical approach, correct money management and intuitive decision making then you are pretty much invincible!

On the subject of trend, 100% yes, trend is the only proven technical approach that has an edge, we have to use it. The secret is not to rely on technicals to decide when it is happening but to have a system that means you are involved when ever it does happen... in other words, this little system I am showing here makes no assumption about the state of the market before you act, but if price does break out in a direction the trader will alway be trading with that trend (sooner or later!)

The RR question is one I have spent a lot of time on and again either end of the spectrum is good, and in the middle with have the least impressive results. One Idea I like the most, but requires the biggest mental leap is the idea of variable RR... in other words this flow system has small stops when the market is flat and large stops when the market has moved a long way in one direction - it doesn't have to be fixed or measured it just has to make profit in normal market conditions.
One last thing, I did find that when desiring to trade for larger RR, say 4:1 or more, an initial wide stop that gets tightened after the first move in your direction worked very well, so you would start with 100 pip SL and when price had moved +50 move stops to 50 pip sl... that worked much better than just using a 50 pip sl, seems obvious when you write it down but not often considered.

last point - all of that technical stuff is half as much use if you dont learn how to manage your emotions (not block them out!) If you can manage the feeling-thought-action process you will rarely lose unless it's particularly unhelpful market conditions...

Great to speak to you again cali, subscribe to the youtube channel, I am doing lots of interesting vids and stuff over the coming weeks
tradewith60
  • #87
  • Feb 14, 2015 1:33pm Feb 14, 2015 1:33pm
Ok so now apparently I am a commercial member, I am not selling anything here, everything I have posted is free.

FF seem to have an issue with me - maybe they don't like what i'm revealing??? for all you conspiracy theorists out there!!!

updates videos and questions to the other forum please where this info isn't being censored
tradewith60
  • #88
  • Feb 14, 2015 1:46pm Feb 14, 2015 1:46pm
Quoting California
{quote} Sir 60, it is great seeing you here again. You are virtually the only person on FF whose threads are stimulating enough for me to want to contribute, starting with the good ole Buy Sell Line Trading. In those days, you might recall that I used a fixed target of 1R w/ 65%-70% win rate trading pullbacks. And you were the opposite, believing that over time it was best to let a portion, if not all of a position, run for those 3R+ moves that really flowed down to the bottom line. Well, since then, I have gravitated over to the higher R:R camp,...
This is great backtest video you have shown and the model quality is nice.

------------------SIGNATURE-----------------------
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  • #89
  • Feb 14, 2015 2:03pm Feb 14, 2015 2:03pm
Quoting 60minuteman
Ok so now apparently I am a commercial member, I am not selling anything here, everything I have posted is free. FF seem to have an issue with me - maybe they don't like what i'm revealing??? for all you conspiracy theorists out there!!! updates videos and questions to the other forum please where this info isn't being censored
60, They got you for posting a link to a competing forum and attempting to direct traffic there. FF is a business, and I am not a part of it, but I do understand internet marketing very well. I once posted a link to another group of guys who used to be here and had it deleted. I then understood what that meant. Right or wrong, FF, is trying to protect it's brand.

Business is War.
If you are good at something, never do it for free--Joker
  • #90
  • Feb 14, 2015 2:30pm Feb 14, 2015 2:30pm
Quoting 60minuteman
Ok so now apparently I am a commercial member, I am not selling anything here, everything I have posted is free. FF seem to have an issue with me - maybe they don't like what i'm revealing??? for all you conspiracy theorists out there!!! updates videos and questions to the other forum please where this info isn't being censored
Some of the best threads are in the commercial section or in the trash...

k
  • #91
  • Feb 14, 2015 3:59pm Feb 14, 2015 3:59pm
Quoting jmn5611
{quote} 60, They got you for posting a link to a competing forum and attempting to direct traffic there. FF is a business, and I am not a part of it, but I do understand internet marketing very well. I once posted a link to another group of guys who used to be here and had it deleted. I then understood what that meant. Right or wrong, FF, is trying to protect it's brand. Business is War.
yes, a simple email would of sufficed though..
tradewith60
  • #92
  • Feb 14, 2015 3:59pm Feb 14, 2015 3:59pm
Quoting kprsa
{quote} Some of the best threads are in the commercial section or in the trash... k
you know, I have never looked there... maybe I should

tradewith60
  • #93
  • Feb 14, 2015 4:00pm Feb 14, 2015 4:00pm
Quoting raselnet
{quote} This is great backtest video you have shown and the model quality is nice. ------------------SIGNATURE----------------------- Download over 500 Forex Robots for FREE at: http://mt4talk.com/viewforum.php?id=3 Download over 2400 forex indicators for FREE at: http://mt4talk.com/viewforum.php?id=32
thankyou Sir
tradewith60
  • #94
  • Feb 14, 2015 5:23pm Feb 14, 2015 5:23pm
Quoting EternalNewB
{quote} 60 thanks you so much for the vid it really really helps (Although the week I've backtested another week {Jan 12 to 16}) it helped me see what i was doing wrong One more question after watching the vid, do you TP at the close of the candle ? what i mean is do you close while the candle is still opened if you feel it is retracing ? This Friday I was long on EURUSD on that last long (inverted pin you said in the vid you would still be in it) and I closed it on profit while it was still open because I "felt" (or should I say got scared) it...
Sorry for asking again but your answer to the above would greatly help

cheers
  • #95
  • Feb 14, 2015 6:52pm Feb 14, 2015 6:52pm
Quoting EternalNewB
{quote} Sorry for asking again but your answer to the above would greatly help cheers
If it closes in profit I exit and re-set my entry. If it spikes out to a very big win I will also take profit... that's all you need, there's no need to measure or quantify. The frequency of trades is high, the win rate is high... as long as the market moves that week then logically you stand a good chance of making a net profit. Some times you have to give a few of your wins back to the banker, that keeps you grounded, stop's you risking too much.... just never try to quantify anything because as soon as you think you have found the answer the market will prove you wrong.
tradewith60
  • #96
  • Feb 14, 2015 7:13pm Feb 14, 2015 7:13pm
I've coded an EA to do just that, I've done some backtesting gold gave much better results than eurusd but both ended up winners from Jan 1st till today

starting $500 usd lots 0.01 Euro USD gave at the end 550 usd gold 583 usd

there is still a bug in the SL (not of the code but reading bar0 in the tester) so will fix it tomorrow and will post results again

cheers
  • #97
  • Feb 14, 2015 7:59pm Feb 14, 2015 7:59pm
Quoting 60minuteman
Ok so now apparently I am a commercial member, I am not selling anything here, everything I have posted is free. FF seem to have an issue with me - maybe they don't like what i'm revealing??? for all you conspiracy theorists out there!!! updates videos and questions to the other forum please where this info isn't being censored
Apparently people can make $$$ from number of Youtube views
It takes a lot for me to IGNORE you, but you can try.
  • #98
  • Feb 15, 2015 4:45am Feb 15, 2015 4:45am
Quoting Erebus
{quote} Apparently people can make $$$ from number of Youtube views
Yes we know that but 60minuteman is showing the right things what we need he is showing us the backtest which is so important for using a robot because if we know its working well in backtest then we can use it without any hesitation.


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Download over 500 Forex Robots for FREE at: http://mt4talk.com/viewforum.php?id=3
[b]Download over 2400 forex indicators for FREE at: http://mt4talk.com/viewforum.php?id=32[/B]
  • #99
  • Feb 15, 2015 4:57am Feb 15, 2015 4:57am
Quoting Erebus
{quote} Apparently people can make $$$ from number of Youtube views
the volume would never get anywhere near the levels required to generate revenue

Attached Image (click to enlarge)
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tradewith60
  • #100
  • Feb 15, 2015 9:12am Feb 15, 2015 9:12am
I know the line in the sand is a contentious issue so to prove a point this week I will trade with no line, as always I will post every trade...

I want to video all of the decisions but that is reliant on me being somewhere I can record a video at those moments, I will give it a try...
tradewith60
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