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Falling Knives

  • #841
  • Apr 28, 2016 7:22am Apr 28, 2016 7:22am
Quoting Reamasesa
Hi Magix, What's the time expiration on the Iresh2? It just went from +3K$ to -100$ (huge market movement, I know but still, should have stopped somewhere, no?). I like the last chart better, I think.
Iresh expired on the 16th, I think?!?!?

Dunno, rewrote the expiration date on my version, thus the reason it keeps on ticking...doing pretty fucking good too...

But, check this shit out!!

Again, with the stool sample of a trigger, increments, 3p brick size...

55% gains on a 5% draw.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #842
  • Apr 28, 2016 7:30am Apr 28, 2016 7:30am
Iresh was on the wrong side of the JPY exodus...

Still made it out alive!!

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #843
  • Apr 29, 2016 8:33am Apr 29, 2016 8:33am
Not bad...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #844
  • Apr 29, 2016 11:25am Apr 29, 2016 11:25am
This piece of shit seems just random enough to be effective.

Definitely one of the better, albeit fucking goofy, triggering systems, coupled with the fact that it drags the dead trades into a mutual profit before closing...

74% green on a 11% Max Draw in a week, that shit is CRAZY!!


Most I actually seen was in the $400's, but given the gains, that is definitely an acceptable risk!!

Will be interesting to watch this work, or see if it works in the chop cycle of NFP next week.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #845
  • Apr 29, 2016 11:28am Apr 29, 2016 11:28am
Quoting Magix
This piece of shit seems just random enough to be effective. Definitely one of the better, albeit fucking goofy, triggering systems, coupled with the fact that it drags the dead trades into a mutual profit before closing... 74% green on a 11% Max Draw in a week, that shit is CRAZY!! Most I actually seen was in the $400's, but given the gains, that is definitely an acceptable risk!! Will be interesting to watch this work, or see if it works in the chop cycle of NFP next week. {image}

Looks Good
Live today like theres no tomorrow-- Prioritize like you will die today
  • #846
  • Apr 29, 2016 11:39am Apr 29, 2016 11:39am
So what happened to the EA download? I can't seem to find the newest version anymore.
  • #847
  • Apr 29, 2016 12:13pm Apr 29, 2016 12:13pm
Quoting yermommy
So what happened to the EA download? I can't seem to find the newest version anymore.
I don't have a public version of this one yet.

Will see if I can have one ready for the new week.

The one in the MYFXBOOK screen shot is running on RENKO. For anybody wanting to test this in the weeks coming, I'd suggest you familiarize yourself with setting up renko charts.

Personally, and because it is not an EA but indicator base, I recommend OVO. Free trial period...

If it works out, a purchase could pay off rather handsomely.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #848
  • Apr 29, 2016 5:57pm Apr 29, 2016 5:57pm
A little less risk, a little less reward.

The previous posted directional renko EA, runs on increments.

This can lead to some pantshittingly high levels of DD. Really, it didn't seem to be much of a concern over the week, but in all honesty, I was busy with other things and never paid much mind.

But, what if, we didn't want to run on an incremental add?
Would the EA still manage to pull some miracles out of it's ass, you ask?

Well...the non incremental add version looks like the following.
Start time and date was the same as the INC version, just didn't quite hit the same profit.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #849
  • Apr 29, 2016 6:26pm Apr 29, 2016 6:26pm
Now....this isn't to take away from the current signature flagship and Trade Explorer posted on the public tested Iresh2.

I mean, seriously, that motherfucker has been doing AWESOME...imo.

Sure, it had a bit of a rocky start, week 1 dropping 30% of the equity, but since then, a steady gainer.

What really surprises me most about this one is, it trades 16 pairs on a default setting. Same fucking setting across 16 pairs, makes no sense to me at all!

In the few years I've been working with EAs, they typically all have pairs that trade better than others, and well...iresh does too, but there has been only 1 single pair in one single week that has been anything that could be considered a detriment or hindrance...after that, they've all been rather consistent. The profits seemingly match the ranges and choppy weeks do still cause some speed bumps, but in the 4 weeks of trading, not even the Weekly Market Open Retail Gap has caused issues and in one circumstance, proved to be a big fucking gain!!

It was an NFP week where Iresh took a shit, wonder if that was just an anomaly or if we will see the same next week?

So, really...it costs nothing to leave this motherfucker run, might well just do that exact thing.

But after that...then what?
Give it away to the public?
License it?

The whole notion is a bit of an issue for me.

I'm a lot down on charities these days and don't really need an income nor branding as a commercial member selling it...so, what to do?
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #850
  • Apr 29, 2016 6:35pm Apr 29, 2016 6:35pm
Let's pose the question to the open public.

You own a golden goose...you're already topped up on funds.

Whatchu gunna do with the goose?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #851
  • Apr 29, 2016 6:59pm Apr 29, 2016 6:59pm
What if I did this...

Took the first 50 people who could prove they have lost more than $5000 (LIVE FUNDS) in market and give them a 6 month license?

Would definitely be some caveats on this...but might work out.

Need to show a live account for at least the same open point $3000...
1 license per person.
6 months only.
..............

Does that seem like a fair deal?

(DO NOT POST YOUR ACCOUNT DETAILS HERE, DO NOT TRY TO PM ME, ALL PM'S HAVE BEEN DISABLED, JUST ASKING A QUESTION)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #852
  • Apr 29, 2016 7:54pm Apr 29, 2016 7:54pm
And then, the idea died.


RIP....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #853
  • Apr 29, 2016 11:55pm Apr 29, 2016 11:55pm
Well, it depends.
What would YOU have done with it?
Is one thing to ask others and another asking yourself.

I think, that if something is worth your while, you should buy it. If it's out of your reach, than, we'll, bummer. But the point is, if YOU want to sell it, license it for charity or whatever, go ahead. I think the charity road might do better, and add much as I don't like donating money rather than my time, clothes or other earthly things that are hard to pocket by those who are not in need, I would have considered buying something like that.
Or you could sell monthly subscriptions and donate the money to a charity we could either vote on or go with something worldwide.

Bottom line, I like the charity idea. Just make sure you don't turn commercial as I like reading your posts on various threads.

No emoticons on my phone, feel free to fill in the gaps with smiling ones.
  • #854
  • Apr 30, 2016 3:52pm Apr 30, 2016 3:52pm
Quoting Magix
...Whatchu gunna do with the goose?
Magic, I would share the golden goose with noone. Once publicly shared, the profitable system will just stop working... Sooner rather than later.

I would trade the shit out of the Wallstreet MF bankers and i would build forest reforestation businesses, where i will plant as many trees as possible, to places where trees were chopped down because of profits...

I would put reforestation as a top priority among many other things i would simultaneously do with the damn forex money.

I am trading only because of this and I think I am now coming very close to what I am looking after in trading...
Maadik Hugiis. IQ 69.
  • #855
  • Apr 30, 2016 5:59pm Apr 30, 2016 5:59pm
Quoting MoneyZilla
{quote} Magic, I would share the golden goose with noone. Once publicly shared, the profitable system will just stop working... Sooner rather than later. I would trade the shit out of the Wallstreet MF bankers and i would build forest reforestation businesses, where i will plant as many trees as possible, to places where trees were chopped down because of profits... I would put reforestation as a top priority among many other things i would simultaneously do with the damn forex money. I am trading only because of this and I think I am now coming...

I like it...

Sadly, I'm a little old, fat and lazy to carry threw with your vigor.

My personal accounts are on private software, do not generate the returns of what has been posted in thread, but also don't carry the same risks.
I like my sleep and some of these, would definitely keep me awake all night!
After that, my personal charity...starts at home.

That's not to say I don't try to extend a hand, but I am getting a lot more choosy as to where that hand lands.

Seriously, some of the top execs at Charities are pulling high 6 figure salaries, some even low 7. Do they earn it?
Maybe, but if you see that in some of these less than 3% of your cash actually makes it to the intended recipient, it makes it tough to want to be a participant.

I have considered my own charity, working towards Air Ambulance on a global scale...but this is another story.

So...still left with the same issues.
Run an EA on public and get a few bucks donated globally?
I've done well with the help of a few others in churning some $20k globally, but this too only amounts to a drop in an ocean.
I am not going to take the cash, don't have a charity of my own to give it too, and am not willing to go commercial for the pittance I'd make selling.

Maybe...just keep a couple of these on hold until I have some clear direction and work with the community on other gooses.
This is still just a hobby, and well...I fucking Love it!

Thanks for chiming in, dude.
Best of luck with your goals!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #856
  • Apr 30, 2016 7:47pm Apr 30, 2016 7:47pm
Quoting MoneyZilla
{quote}Once publicly shared, the profitable system will just stop working... Sooner rather than later.
This is interesting.. Let me preface by saying I am not arguing for, or against sharing; zero vested interest, I simply stumbled upon this thread when bored on the weekend. 'Falling knives' caught my eye as this is one setup in my trading tool belt.

With that, is it really true that putting a profitable system out in the public arena will mean it is somehow 'filled' or is that simply a retail myth?

What evidence is there to suggest this 'filling' by the market actually occurs?

If a strategy is based on the nature of order flow and function of liquidity, and it was shared with the public, would this occur? I fail to see how so unless the entire market structure changed to fill some retail guys method of capturing pips.

Perhaps if a strategy is based on an inefficiency that is secretly hidden and visible only to a select group, then once publicly shared it could be filled. That circumstance still poses the question of filled by who? And how?

Anyway, just something I have seen mentioned many times around here but unsure of the validity of this notion that anything profitable that is shared will suddenly, or eventually, stop working.

Nice work with what you've built here Magix, probably need to see 12-24 months of same returns to feel confident as I'm sure you're aware - but what I would do is setup small accounts and assign these to causes (can bypass charities and give direct) that interest you. Then let each account grow and once at a certain threshold, start sending monthly profits to each cause. The cause could be directly providing money to an impoverished community, to a family member in trouble but with a vision, or even a fund for your kids (assuming you have any). Plenty of options that require little effort in comparison to setting up a charity of your own.

This is one of my plans for the coming years, but each to their own

Be well.
  • #857
  • Apr 30, 2016 8:10pm Apr 30, 2016 8:10pm
Quoting nhen
{quote} This is interesting.. Let me preface by saying I am not arguing for, or against sharing; zero vested interest, I simply stumbled upon this thread when bored on the weekend. 'Falling knives' caught my eye as this is one setup in my trading tool belt. With that, is it really true that putting a profitable system out in the public arena will mean it is somehow 'filled' or is that simply a retail myth? What evidence is there to suggest this 'filling' by the market actually occurs? If a strategy is based on the nature of order flow and function...

I like you...and for everything you've said in this post!

I am of the same mind that it may not actually be sharing a system with others that causes the fail...as much as the market is destined to cause all systems to eventually fail.

The market plays out in sessions as much as it does seasons.

Try a grid trader in September or December...that's a broker surety for prosperity!

As for me...I am expecting my first Granddaughter this year and have provisions in place to ensure that she never needs nor wants for anything.

Yeah, I know...this isn't the thing to do, but as a 19 year old father, myself...I am now able to provide better for another generation than was necessarily for my own children. There will be parameters.


You are correct in that something needs to test for multiple weeks/months and even into years before it can actually be called a System or any sort of success. I will never dispute this.

However...having done this for a while, I appreciate that some days/weeks/years will always be better than others and spread across the board on 16 pairs as IRESH is, can extrapolate a lot of possibilities. Not all 16 pairs should be doing what they are...there is not any single Pair Specific nor Multiple that is being taken into consideration, meaning that a correlation of trades and profits is completely sunk....this really goes against my time in markets learning shit and the reason behind 16 pairs was cherry picking.

Sure, some will always play better than others, but with the exception of a single day in the life of IRESH, all has been sunshine.

Yeah...Yeah...it's only a month.
And I do confess, I wouldn't be running this on live during NFP week, next...this is when the proverbial shit hit the fan on it last time, and this is typically a week where grids prosper. Soooooooooooooooooooooooooooooooooooooooooooooooo....let the fucker run on demo and see what it does.

I've researched micro trade accounts to the point where I can appreciate that not all will trade live as they do demo, but in my current choice, I have come up with as close to live on demo as I have seen across the board.

It may be an interesting week...
It may just be another week...

All the same, and to lend credo to the idea of sticking in trend, this will be another threshold to cross. 1 month, irrelevant...2 months? 3 months?
Who knows.

I started live accounts off of less data...have lost a few, but have made made money in shorter times than a pretest of 24-48 months.

I will be watching your posts, my friend.

If only to keep me on my own track.
Thanks for stopping by!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #858
  • Apr 30, 2016 8:19pm Apr 30, 2016 8:19pm
Quoting nhen
This is interesting..
nhen=Subscribed!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #859
  • May 1, 2016 3:09am May 1, 2016 3:09am
Quoting Magix
{quote} I like you...and for everything you've said in this post!
Thank you my friend

Thanks for sharing, and I agree that is indeed very interesting to have IRESH running on a multiple of pairs with such consistency. Intriguing.

Perhaps lends to the possibility that the methodology implemented works with an intrinsic element of market structure; as you say a few more months and exposure to a variety of market conditions should begin to illuminate whether this is true or not.

I wish you mountains of abundance in this project mate.

Appreciate the subscribe, I do not frequent these parts much though! I'll be sure to keep an eye out for your progress as I dig what you do.
  • #860
  • May 1, 2016 4:50am May 1, 2016 4:50am
Quoting nhen
{quote} With that, is it really true that putting a profitable system out in the public arena will mean it is somehow 'filled' or is that simply a retail myth?
I do have to spoil the loving party here, cause it does seem, you are missing something very important: how forex works?

Simply put, there are two balances. Long and short. If you would have been a market maker, which balance would win?

Answer that one and now you will know why a popular winning strategy will stop working. It is IMPOSSIBLE to have a winning system used by many. Cause where the rate will go is all on the bankers sole decision. And they will mostly chose the smaller of both balances for a very good reason. No need to show it here, you should get it by now...

Quote
What evidence is there to suggest this 'filling' by the market actually occurs?
It is ironic, but there still is no winning strategy, from the 1930' or from 1970', that has survived till now. Why not from the 1990'? How about from the 2000'?!?

Anything that stays at profit and it is widely popular?!? Strike me down with something and you will be right on that one!:-)


Quote
If a strategy is based on the nature of order flow and function of liquidity, and it was shared with the public, would this occur?
Maadik Hugiis. IQ 69.
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