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Interested in 50% accuracy + 20SL/60TP entries

  • #1
  • First Post: Dec 4, 2015 4:09am Dec 4, 2015 4:09am
Anyone have any proven entry concepts generating 50% Accuracy and 20p SL with 60p TP ????

Criteria:

1. 50% or better accuracy.
2. 20p or less SL
3. 60p TP
4. Generating 20 or more trades a month (if possible)
5. Any pairs, EUR, GBP, AUD and JPY preferred, USD crosses ($10 a pip pairs preferred)

Any short term back tests 30 days or more will do....

No need for 70% accuracy... something that generates 20 to 30 trades a month.

Would even be more interested if you have such a system with the above stats that you've tested and even tried trading but have been unprofitable with...usually it means the MM needs to be tweaked (toned down or elimination of doubling or martingale).

Or if you have such a system and are only making 10% or so with it, post it here and others can help you with MM concepts that could 5x or 10x that (with incremental mm, non martingale concepts).
  • #2
  • Dec 4, 2015 5:02am Dec 4, 2015 5:02am
You are kidding of course? How can someone with such a system be possibly non-profitable?
Given your specs a trader with this system should approximately 10 fold his account every year with no significant DD just using 1% MM...
No greed. No fear. Just maths.
  • #3
  • Dec 4, 2015 5:16am Dec 4, 2015 5:16am
Depends what you're focusing on. You can either have lower win ratio but higher r:r or lower r:r but HIGH win ratio.
If you're a machine you can have both of course...
These are my last 22 transactions (couldn't fit more on the screen). Green ones are winners, red losers, sorted by date.
I'm not revealing specific date, time, amounts - don't wanna show too much. I'm not that cocky to post full statements(don't have ego problem).

Anyway from my personal experience, if you want to scalp, then high win ratio works better for me and is MUCH more secure.

Additionally if you have high win ratio you can trade VERY aggressive.
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  • #4
  • Dec 4, 2015 5:27am Dec 4, 2015 5:27am
This kind of results you can only achieve if you trade price action without any specific system, just some schemes...

Look if anybody has statistical system that has: 50% accuracy, 20 pip SL, 60 pip TP, 20 trades a month, even with slippage you will achieve these kind of results in 3 months... Screen shots for 5% risk, 10% risk and 20% risk per trade. *There's mistake with this slippage on screen shots, but it doesn't change a lot.
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  • #5
  • Dec 4, 2015 5:47am Dec 4, 2015 5:47am
Regarding the system itself which will work - triple or even quad screening, one indicator. This requires patience tho - sometimes you'll get 1-2 trades per day, other times none but you can get easily 20 trades per month per pair.
  • #6
  • Dec 5, 2015 12:08am Dec 5, 2015 12:08am
Quoting PipMeUp
You are kidding of course? How can someone with such a system be possibly non-profitable? Given your specs a trader with this system should approximately 10 fold his account every year with no significant DD just using 1% MM...
This isn't impossible by any means. I've had 3 of these 20/60+ in the past 2 days.

50% win ratio is possible
Be hopeful in a winning position, and fearful in a losing position.
  • #7
  • Dec 5, 2015 3:44am Dec 5, 2015 3:44am
Quoting Rag2RichesFX
{quote} This isn't impossible by any means. I've had 3 of these 20/60+ in the past 2 days. 50% win ratio is possible
I didn't say it is impossible. I'm not saying unicorns don't exist. I just never saw one.

I answered the OP that asked for someone with such a system and yet being unprofitable in order to improve his MM. Such a system is near HG. Noone can possibly lose money with such a system. Even with a crapy MM. Just look at insomniawawa's graph. Where is the need of improving the MM?

Three samples are not statistically valid. Especially when they cover 2 days of the same price action. Here the OP refers to a system/method that works all the year long not in restricted market conditions ("20 to 30 trades a month").
No greed. No fear. Just maths.
  • #8
  • Dec 5, 2015 4:01am Dec 5, 2015 4:01am
Quoting Pipologist
Anyone have any proven entry concepts generating 50% Accuracy and 20p SL with 60p TP ???? Criteria: 1. 50% or better accuracy. 2. 20p or less SL 3. 60p TP 4. Generating 20 or more trades a month (if possible) 5. Any pairs, EUR, GBP, AUD and JPY preferred, USD crosses ($10 a pip pairs preferred) Any short term back tests 30 days or more will do....
Not only is such a system/concept unlikely to exist but this line of thinking is detrimental to proper speculation because it so blatantly invites curve fitting. You are more likely to end up with a poor system that is nicely fitted to look spectacular on a few well chosen examples.
  • #9
  • Dec 5, 2015 6:36am Dec 5, 2015 6:36am
Quoting Pipologist
Anyone have any proven entry concepts generating 50% Accuracy and 20p SL with 60p TP ???? Criteria: 1. 50% or better accuracy. 2. 20p or less SL 3. 60p TP 4. Generating 20 or more trades a month (if possible) 5. Any pairs, EUR, GBP, AUD and JPY preferred, USD crosses ($10 a pip pairs preferred) Any short term back tests 30 days or more will do.... No need for 70% accuracy... something that generates 20 to 30 trades a month. Would even be more interested if you have such a system with the above stats that you've tested and even tried trading but...
I think you should think about why you are looking for this specificaly. Youre aim should be to be profitable, correct? I mean thats more important then some numbers you... invented for some reason.
My signature is: "Classified".
  • #10
  • Dec 5, 2015 7:26am Dec 5, 2015 7:26am
Holy crap did not expect so many responses to this.

Insominwawa you are right those stats are correct. That's why I picked those numbers.

Just wondering if ANYONE has ANYTHING that has the potential on ANY BACKTEST that can do this for a month or more.

Those that have created many systems know that such systems exist, but work only in spurts, or over one lucky period in time (optimized testing or lucky live trading). However, if the concept is valid and based on PA or cross currency movement or even better....order flow (if you have access to some) or other 2 to 3 day swing methods, the cycles can return.

Maybe you had or have something that you tried and didn't work at the time, or maybe you are testing something now but are reluctant to even throw $100 at it. Or maybe you don't even have $100. It doesn't matter....

Looking for systems that are theoretically valid, and that can plug those numbers in. Even with a crappier w/l rate, with conservative mm it can make money over time, but with 55%, one good 5 week run, it will make a good annual income in 5 weeks time for an individual with a $1000 deposit (even a $100 compounded with high leverage and low stop out rate), even if all other 11 months of the year the system busts. It's scary how much an account can move up and down within a 10 day period, once it get's going. Most people would over ride the system during that time and prematurely exit with profits. Very few would let it run all or nothing.

1. 50% or better accuracy.
2. 20p or less SL
3. 60p TP
4. Generating 20 or more trades a month (if possible)


THE SYSTEM DOES NOT MATTER. Any entry concept will do, but it has to be able to produce straight 50% wl or 40%w/l hedged.

Any system with those stats can produce not only 10x but 100x or more with one good 100 trade run. 20 trades in one month means you can hedge 3/2 or 4x the positions and let the risk run and let the multiple positions and lev work in your favor.

Anyone have any backtests with any results remotely close for ANY recent one month period?

If you are open to sharing ideas, PM me if you are uncomfortable posting it here since posting any sort of wild results live or demo or optimized backtested ALWAYS opens up a can of worms here on FF.
  • #11
  • Dec 5, 2015 8:05am Dec 5, 2015 8:05am
Quoting Pipologist
If you are open to sharing ideas, PM me if you are uncomfortable posting it here since posting any sort of wild results live or demo or optimized backtested ALWAYS opens up a can of worms here on FF.
Yes I can produce something like what you ask for, but I choose to use around 1:1 for a far better hit rate. So tell me, why should I share, when you don't? This is what you have on your biography: "Regarding info on EAs, they're not for sale. So, please do not ask."

So, please do not ask.
  • #12
  • Dec 5, 2015 8:45am Dec 5, 2015 8:45am
I don't know why, but the premise of this thread sort of reminds me of a video I once saw. In the video a bunch of bears were fishing. But a few big bears stood off on either side waiting, even though there were fish everywhere that they could catch. After a fishing bear caught a fish, the big bears would become aggressive and surround the bear with the fish and attempt to take the fish away.
  • #13
  • Dec 5, 2015 9:10am Dec 5, 2015 9:10am
Quoting Pipologist
Anyone have any proven entry concepts generating 50% Accuracy and 20p SL with 60p TP ???? Criteria: 1. 50% or better accuracy. 2. 20p or less SL 3. 60p TP 4. Generating 20 or more trades a month (if possible) 5. Any pairs, EUR, GBP, AUD and JPY preferred, USD crosses ($10 a pip pairs preferred) Any short term back tests 30 days or more will do.... No need for 70% accuracy... something that generates 20 to 30 trades a month. Would even be more interested if you have such a system with the above stats that you've tested and even tried trading but...
There is no such system! And I don't think there will be in the near future.
Such performance is mathematically and statistically impossible(almost). Well, maybe if we invent some artificial intelligence that can scan the whole internet and the information flow and to search for statistically significant patterns...........but we are talking imaginary things here(for now).

If someone come up with such performance (and if the strategy is scalable) - he will almost instantly become the richest person in the world. Not only that, he will become the richest person that has ever walked the earth.
50% hit rate + 3:1 RR, Expectation: 1.00 (and IF the average trade is over 30 pips) pffffff, man.......with this baby you can drain the banks! We are talking BILLIONS here! Many, many billions.....in a matter of just a few years.
  • #14
  • Dec 5, 2015 9:19am Dec 5, 2015 9:19am
I guess the can of worms is open already ...
Fix up, trade sharp ...
  • #15
  • Dec 5, 2015 9:26am Dec 5, 2015 9:26am
Quoting alphaomega
{quote} There is no such system! And I don't think there will be in the near future. Such performance is mathematically and statistically impossible(almost). Well, maybe if we invent some artificial intelligence that can scan the whole internet and the information flow and to search for statistically significant patterns...........but we are talking imaginary things here(for now). If someone come up with such performance (and if the strategy is scalable) - he will almost instantly become the richest person in the world. Not only that, he will become...
Maybe not "system" where you follow hard and fast rules, but method plus discretion... of course it's possible! Many do achieve at least a 50% win ratio with good R:R but they mostly keep quiet....
  • #16
  • Dec 5, 2015 9:43am Dec 5, 2015 9:43am
It seems like the argument here is whether or not it's possible to be profitable Dear oh dear................
  • #17
  • Dec 5, 2015 10:27am Dec 5, 2015 10:27am
Lets see what such a system means:
For every 100 trades one takes, he loses 50 and wins in the other 50.
He loses 20p per losing trade and wins 60p per winning trade.
So, FOR EVERY 100 TRADES, he loses 50X20 = 1000p and wins 50X60 = 3000p.
In total, I repeat, FOR EVERY 100 TRADES, he earns 2000p or
HE EARNS (on average) 20p EVERY TIME HE HITS THE BUY/SELL BOTTON FROM HERE TO ETERNITY!!

Most likely such system doesnt exist...
But lets suppose it does exist.
You expect someone to offer it here on FF to a stranger?
Enter Signature
  • #18
  • Dec 6, 2015 8:23am Dec 6, 2015 8:23am
It doesn't need to get those posted stats forever. With those stats, one good month high lev in one year or even in two years, will compensate for all the crash and burn months.

Just wanted to open up possibilities for discussion of potential entry methods that are not standard run of the mill shit you see everywhere, but have the potential to repeat periodically. For example cross currency correlation/anti correlation, pure PA based on trading ranges, hedging with/against other currencies, etc.

This thread is not for the faint of heart, those with tunnel vision, newbie traders or those that simply want a good ROI.

The closest I can compare this too is discussing ways to find the best long shots to bet on in multiple horse races, but even then with that, the return is fixed based on the variable odds, in this case, I'm just starting with a premise to stack the odds first. The favor-ability comes with the potential of the entry signals.

Even a random based entry could conceivably get lucky and string up 50% gains of 60/20 over several weeks. However, more interested in discussing esoteric but market based entry methods.
  • #19
  • Dec 6, 2015 8:33am Dec 6, 2015 8:33am
I guess my mistake was to "ask" for "proven" entry "concepts". By definition, a concept is just a concept, if proven, it's no longer a concept.
  • #20
  • Dec 6, 2015 11:11am Dec 6, 2015 11:11am
This discussion is in regards to Automated trading correct?
SPC * Swollen PocketZ Crew!
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