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  • #1
  • First Post: Edited Jun 1, 2015 1:23am May 31, 2015 2:40am | Edited Jun 1, 2015 1:23am
After
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #2
  • May 31, 2015 3:06am May 31, 2015 3:06am
Hi George !


Gosh !
Dude, what are you doing here man ? The whole world knows, that you have zillions of dollars, why the hell are you playing in FX ? Is it now, after you have been retired a bit boring for you ?
Anyway it's the wrong thread I think - but we all are sure you'll find a well paid coder helping you blowing your money further and further
  • #3
  • May 31, 2015 3:52am May 31, 2015 3:52am
Hi! soros, thank you share.

How to define "the direction of the last 8 monthly candles", and "the previous days candle closed lower" and set the ADR parameter?
  • #4
  • May 31, 2015 4:00am May 31, 2015 4:00am
Can you tell us the link of the Graemes thread? thanks!
  • #5
  • Edited Jun 1, 2015 1:24am May 31, 2015 4:01am | Edited Jun 1, 2015 1:24am
[quote=
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #6
  • May 31, 2015 4:02am May 31, 2015 4:02am
my method is different but similar from Graemes thread, so linking it wont help.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #7
  • May 31, 2015 4:04am May 31, 2015 4:04am
We look at weekly candles for trend and daily candles for entry...

ADR is average daily range.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #8
  • May 31, 2015 4:04am May 31, 2015 4:04am
Red Highlighting is killing me.

Example : With Red Highlighting

First of all, I don't think any coder is going to ask for money to develop such a straight forward EA.
I don't even think an EA is needed for such a long term trading system, as it can be managed easily manually (unless we are talking multi-pairs).

Few questions for the sake of clarity:
1. Is Initial Stop Loss 1xADR (this means that many consecutive losses will be encountered before trend matures).
2. Any news on Position Sizing, Risk Percentage ?
3. Will the same EA handle all the pairs, Or different EA instances will be applied to specific charts ?

Example : Without Red Highlighting

First of all, I don't think any coder is going to ask for money to develop such a straight forward EA.
I don't even think an EA is needed for such a long term trading system, as it can be managed easily manually (unless we are talking multi-pairs).

Few questions for the sake of clarity:
1. Is Initial Stop Loss 1xADR (this means that many consecutive losses will be encountered before trend matures).
2. Any news on Position Sizing, Risk Percentage ?
3. Will the same EA handle all the pairs, Or different EA instances will be applied to specific charts ?
No guts, no glory
  • #9
  • May 31, 2015 4:09am May 31, 2015 4:09am
sorry, made a mistake on 1st post, but corrected it, please read 1st post again... here is the right settings, i have changed 1st post.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #10
  • Edited Jun 1, 2015 1:25am May 31, 2015 4:13am | Edited Jun 1, 2015 1:25am
[quote
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #11
  • May 31, 2015 4:17am May 31, 2015 4:17am
Quoting Soros
{quote} if last 8 weekly candles=close of 8th weekly candle is higher than open of first then its an uptrend..............the oposite for downtrend lets say we have an uptrend, to enter a buy on the uptrend the previous daily candle must close down(bearish), im tryna enter at the cheapest price possible.
Are we talking MONTHLY or WEEKLY.

In the 1st post it still says Monthly Candles, while in this response you say Weekly Candles !
No guts, no glory
  • #12
  • Edited Jun 1, 2015 1:25am May 31, 2015 4:21am | Edited Jun 1, 2015 1:25am
[q!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #13
  • May 31, 2015 4:26am May 31, 2015 4:26am
Quoting Soros
{quote} Weekly Sir, i have fixed the first post!
Thanks Soros,

The method is clear now.

What I am worried about is that "ONE day" retrace maybe not enough to get you the best price.
AND if we enter on that Day and the retrace get deeper our 3 positions will be stopped (1xADR).
Worse is that We will ENTER AGAIN on the next day as the Trend is still on.

So why not for example, distribute the 3 positions in a different way ?
No guts, no glory
  • #14
  • Edited Jun 1, 2015 1:26am May 31, 2015 4:39am | Edited Jun 1, 2015 1:26am
ades to loose, but in the end we will be very profitable!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #15
  • Edited Jun 1, 2015 1:26am May 31, 2015 4:49am | Edited Jun 1, 2015 1:26am
m
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #16
  • May 31, 2015 4:50am May 31, 2015 4:50am
Quoting Soros
{quote} Another note, EA must be alowed to open as many trades as it wants on that pair, so it can open both buy and sell trades acording to the entry strategy and each trade must be managed acording to strategy.. example, lets say the EA has a buy trade on EURUSD and 3month down the line we get sell signal on the same pair, EA must also take the sell trade regardless and manage the trade acordingly!
Now it gets interesting
No guts, no glory
  • #17
  • Edited Jun 1, 2015 1:26am May 31, 2015 5:18am | Edited Jun 1, 2015 1:26am
[quote=ab
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #18
  • May 31, 2015 5:19am May 31, 2015 5:19am
no more changes will be made to the system!! my apologies for inconveniences!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #19
  • May 31, 2015 7:54am May 31, 2015 7:54am
Quoting lghr
Can you tell us the link of the Graemes thread? thanks!
Here we go!
http://www.forexfactory.com/showthread.php?t=245149
  • #20
  • May 31, 2015 8:15am May 31, 2015 8:15am
Quoting Soros
{quote} risk will be managed very well Sir, my risk will be managed in a way that we can take 100 or more losses in a row without feeling too much pain, im only expecting 7% of my trades to win and about 93% of my trades to loose, but in the end we will be very profitable!
?????
with a winrate of only 7% you would need a risk:reward ratio of AT LEAST 1:15 in order to make a bit of profit!
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