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Falling Knives

  • #1,301
  • Jun 3, 2016 2:34pm Jun 3, 2016 2:34pm
Quoting ryszardw
Please activate this id 7C4366A346359D4B27790EDF0BB82C23 Thank You

License will effectively be worthless in 1.5 hours.

Shutting down activation's until further notice.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,302
  • Jun 3, 2016 2:58pm Jun 3, 2016 2:58pm
Quoting Magix
{quote} Surprisingly enough, at estimate, the offer is close.
Great to hear.

Quoting Magix
{quote} Never really committed a lot of thought to selling these, up to now has been only a hobby and to make a few bucks in personal accounts.
Everything is being changed.

Quoting Magix
{quote} Even the licensing thing seems like it could be a lot of hassle over the long run...in order to make it easily available, the options would definitely add a lot of hours to my day...
Fairly speaking, I have also had some views on your EA (I mean I would take a licensed copy some day). But I understand what is going on and why things are happening the way they are.

Let it be so.

Best
D.P.
Hunting High and Low
  • #1,303
  • Jun 3, 2016 3:08pm Jun 3, 2016 3:08pm
Quoting Dr.Phoenix
{quote} Great to hear. {quote} Everything is being changed. {quote} Fairly speaking, I have also had some views on your EA (I mean I would take a licensed copy some day). But I understand what is going on and why things are happening the way they are. Let it be so. Best D.P.

My intent was to let it trade out this week, allow a 1 week trial during regular market (non-NFP week) and shoot for licensing the following.

My intent hasn't changed.

Will work to have at least 1 week available for testers without paying for next week...either way.

No promises...but I will try to make this happen.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,304
  • Jun 3, 2016 3:18pm Jun 3, 2016 3:18pm
Quoting Magix
{quote} My intent was to let it trade out this week, allow a 1 week trial during regular market (non-NFP week) and shoot for licensing the following. My intent hasn't changed. Will work to have at least 1 week available for testers without paying for next week...either way. No promises...but I will try to make this happen.

no offence, but 1 week is not enough , at least for me.....i mean, i saw lots of EA's (including few of your own) that started verygood and ended up in a catastrophe few weeks later...

yes, i will pay for a product that stands the test of few good months, but sure not for a week....that should be the joke of the weekend

anyway, enjoy weekend all!
cheers!
"What would you attempt to do, if you knew your success was a certainty?"
  • #1,305
  • Jun 3, 2016 3:18pm Jun 3, 2016 3:18pm
Quoting Magix
{quote} My intent was to let it trade out this week, allow a 1 week trial during regular market (non-NFP week) and shoot for licensing the following. My intent hasn't changed. Will work to have at least 1 week available for testers without paying for next week...either way. No promises...but I will try to make this happen.
If you have taken a decision to sell it out, you will have signed the ownership contract.
Please, let me know the matter (content) of the code ownership paragraph after papers are signed.

Best
D.P.
Hunting High and Low
  • #1,306
  • Jun 3, 2016 3:20pm Jun 3, 2016 3:20pm
Quoting Magix
{quote} My intent was to let it trade out this week, allow a 1 week trial during regular market (non-NFP week) and shoot for licensing the following. My intent hasn't changed. Will work to have at least 1 week available for testers without paying for next week...either way. No promises...but I will try to make this happen.
Sounds good Magix, performed well during NFP.
I would like to give a live test next week if that's cool and would be keen to buy a years license if you still making available for us.
Well done on your hard work here, been fun testing for you..

Will the current Demo's stop working this weekend or can we continue to test them?
  • #1,307
  • Jun 3, 2016 4:21pm Jun 3, 2016 4:21pm
Quoting Fxentropy
that should be the joke of the weekend
The joke of the weekend?

You join a thread that has been progressing since February, have offered absolutely fucking nothing by way of:
Testing, demo or otherwise
Logic, by way of pros and cons
Suggestions.....

And now you piss and moan that this hasn't been tested long enough to satisfy you?

You want something to laugh about over the weekend...have a look at your post.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,308
  • Jun 3, 2016 4:45pm Jun 3, 2016 4:45pm
Quoting SpencerBizze
Will the current Demo's stop working this weekend or can we continue to test them?
The current version is expired, will not take nor manage trades after the market close today.

If there is a version available next week, you will be able to apply it to the accounts, add in the new license key and as long as the magic number is the same, it will pick up where the previous version left off.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,309
  • Jun 3, 2016 4:55pm Jun 3, 2016 4:55pm
And now...

I'm off to close out my week with some well suited libations!

Will update thread throughout the weekend.

Enjoy!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,310
  • Jun 3, 2016 6:17pm Jun 3, 2016 6:17pm
Quoting Dr.Phoenix
{quote} If you have taken a decision to sell it out, you will have signed the ownership contract.
Sorry dude, I have just signed a Confidentiality Agreement, I cannot discuss the terms of the contract including and up to if I have actually completed the transaction.

These are the last words I will be stating on the topic.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,311
  • Jun 3, 2016 8:21pm Jun 3, 2016 8:21pm
Whatever you are getting paid will not come close to the hours of time you have put in developing this, and all the previous ones that led to this.

Enjoy your weekend with a few extra dollars. Deep into some rum myself.

You will come back with something better later on anyhow.
  • #1,312
  • Jun 3, 2016 8:49pm Jun 3, 2016 8:49pm
Quoting Jhlewis10
Deep into some rum myself. You will come back with something better later on anyhow.
Cheers dude!

I am not losing a child, I am gaining a family?!?!?

Whatever the outcome is, it's not just supporting some mathematical market probability, as much as it is me seeing the success of something I have created.

Where I have spent time, others will gain a benefit...up-to a certain extent.

The logic will only ever be as good as the tool in the hand of somebody who has the conceptual idea of how to use it, no matter if I am the author or the recipient.

Really good to see ya, dude.

Seems to be a lot of the old crew missing and well, we aren't only our legacy, but are a lot of who we surround ourselves with.

Can honestly say, I am proud to be a member of your circle.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,313
  • Jun 4, 2016 8:03am Jun 4, 2016 8:03am
Testing period extended to June 11, 2016.

BUT!!!

You will need to apply the version from Post 1 and obtain a new Key.
(Lot size calculation for max lot sizes will only be available in the commercial version)


No Licenses are being sold currently as there are still a few details to work out. From what I understand, the initial licensing will follow the structure as previously posted:
$20/Mo
$100/6Mo
$150/Yr

These may only be available until the expiry of the Free Testing Period - until June 11, 2016 and may change from there...

No Commercial Licenses will be sold in this thread, there will be a new thread opened in the Commercial Section, if/when the details are finalized!!!
Commercial Licenses will be handled by a Separate Email Address than is posted.
I have no idea about payment options or final pricing or a date of commencement.
Limited quantities are going to be offered, once a yearly cap has been filled, 6 month and monthly options will no longer be available.

For Verification on the licensed copies, the current trade explorer will continue to run.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,314
  • Jun 4, 2016 8:34am Jun 4, 2016 8:34am
16 Pair analysis.

It was a bit of a rough week for the Iresh trader and looked a little touch n go...especially as of current on EURUSD and EURCAD.
Lessons learned about NFP?
Sit that motherfucker out!

As for the rest of the week, Draws of $750 on the account was present spread across 16 pairs.
That ain't bad, if you ask me...keeping in mind that even with a 250 pip move against current trend on EURUSD, max draw hasn't met or beat the same levels and hasn't done more than to reduce profits from the rest of the week.

How will it play out next week?


Only 2 real losers on the week, AUDCHF and EURAUD, profit on the other 14.
2 Others are cash profit, but pip negative...GBPCAD and EURJPY.
A single week isn't a make or break for any single pair, IMO but if I were looking to Cherry Pick pairs for future, I would definitely keep an eye on these to see how they make out for the future weeks.

Why are pip negative traders bad?
The demise of most cost average/martingale systems will typically show positive gains, but negative pips, meaning that large levels need to be met or exceeded to find profit. In large runs, these can be detrimental.

Now...given the multiples of logic in the Iresh trader, where profitability isn't correlated to counter trend martingale action, the same risks typically aren't present as in most/all other grid/martingale systems of trading, but with lower account balances they can be as catastrophic as if were playing the counter trend only.

Sometimes, less is more.

We never really know when these events may occur, but if you stick to relevant sessions, sit out major news events and take holidays when the banks do, you will most likely find yourself being a lot happier with the overall performance of any system.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,315
  • Jun 4, 2016 8:53am Jun 4, 2016 8:53am
I have had a few Emails asking if the Iresh trader will work on American accounts where FIFO is present and Hedging not allowed.

Honest answer?

As an M1 trader, probably not the best idea.

Following that, it may be suitable for other timeframes, M5, M15 and even up to the H1 charts.
Will it make the same gains?

That is another tuff question...in that given the range of the longer charts, there is definitely more profit to be made with possibly larger trade sizes and increments, but there can be a lot more risk as well.

With both the Fixed Lot sizes, Range, Grid Spacing and stop loss features, you can control your risk to a certain extent. Market being of a fractal nature, the same trending rules that are applicable to the M1 charts are present in the longer time frames, the only real thing that changes is the actual distance.

I haven't done any testing with the longer time frames, so really can only state by visual comparison that these can be traded with the same Iresh logic, but until such time as there is Actual Data vs what can be obtained from a BackTest Report, much testing would need to be done prior to me considering taking this approach.

The main controls to consider on a larger time frame is the time between trades and the grid spacing.
Using a shorter delay than time frame set will expose unnecessary risks on the account and can too cause some pretty serious issues with the amount of draw on an account.

For an:
M5 chart, minimum 300 seconds between trades.
M15 chart, minimum of 900 seconds between trades.
M30 chart, minimum of 1800 seconds between trades..............
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,316
  • Jun 4, 2016 9:29am Jun 4, 2016 9:29am
How did Iresh take a loss, when the stop loss wasn't hit?

This too is another good question...

We really don't know what market will do, all we can do to try and control our losses is to try keep in trend, and minimize our market exposure.

Iresh has a backdoor tigger to find a suitable retrace area to take exit and look to carry trades back in trend to profit.

If you look at the following chart, you can see:

1. Minimized market exposure by trading smaller ranges.
2. Short trades taken until the logic realizes that the trend has changed.
3. A minimum retrace on the new trend to start triggering in the current direction.
4. A suitable retrace area to exit short trades as according to logic.
5. Profiting on Longs held until shorts were exited at loss and profit was available.
6. Continuation of trend and triggering inside for short range profiting.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,317
  • Jun 4, 2016 9:42am Jun 4, 2016 9:42am
Kind of begs the question...why not just hold all trades until the Drag the Dead logic would have carried them into profit?

In previous private test versions, on trading multiple pairs, during lull sessions and even lull days, the market will leak in and out of trend several times. Doing this, a single pair can hyper load until a predefined broker trade cap is hit...

Then what?

Now, you are fucked...
That's what!

By loading on longs on tops, shorts on the bottoms, you are in a dead lock position with market either moving sideways or in an area where you may be softer on trades...ie, you have more shorts than longs and the chart continues long...what this will do is effectively slowly drain your equity while keeping a single pair in deadlock. No other pairs can trade and increase profit while one pair is holding the rest of your funds hostage, worse yet, others join the party and shit starts to get real...Quick!

So...

To eliminate these situations and allow for continued trading, we lop off a limb to live to fight another day.

Market perfection?

Well...depends on how things look end of week.

As long as we are moving up in equity, this logic will continue to show it's benefits.

There may be days when this leaking in and out of trend causes a few consecutive loss patterns, but ask yourself this...would you have done any better?

Or Even...

What would you have done, differently?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,318
  • Jun 4, 2016 9:53am Jun 4, 2016 9:53am
Manually trading, I think we've all been in similar positions.

Market is going long...we buy...market reverses.

FUCK!

Market is going long...we see possible Supply Ranges...we sell...Market keeps going long.

FUCK!

So...how does Iresh deal with these situations?
What is the real logic?

Any good trade system will define trend.
Will Define Buy/Sell opportunities.
Will Define profit/loss areas.

This is incredibly hard to do from any single standpoint, and if you venture through the Trade Systems section at FF, you will find that in all actuality, there is no single system that offers 100% success without a certain amount of risk....and if you look through trade explorers, you will find this exact thing is present.

Not to go all market cliche here, but "Stick with the trend, it is your friend" or "Stick with the trend, until the end" is the Iresh secret to success.
After that, it is creative exits that are hard coded to either find an area where all trades long and shorts can be exited with a minimum profit, or to find an area where we can unload the losers and continue on, Sticking with the Trend.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,319
  • Jun 4, 2016 9:54am Jun 4, 2016 9:54am
Hi magix,

It is good to see the license version... So for the next week I have to activate another trail. If you can please recommend settings & pairs for 1000$ account.
  • #1,320
  • Jun 4, 2016 9:59am Jun 4, 2016 9:59am
At default, and with use of the template provided, these show the keys to the success of the logic.

Figuring out the trend.
Deciding if the current trend going against the major is suitable to take a trade.
Finding additional places to either load into trend (pyramid trade) or cost average into the trend.
Deciding a suitable range for profiting.

The system and template are designed as a full learning package, but not through the use of bullshit backtest history reports.

If you watch the EA in action and come to realize that not all trades will be profitable, not all sets will result in an overall profit and that continuing on with a trend is profitable, you can easily apply these optics to your manual trading.

Until that time, it's pretty easy to sit back and relax. Have the Logic Show the way and possibly shake a couple Shekles into your back hipster.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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