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Thread: Big Sandwich System

  1. #11
    Finest post on any thread to date. You are to be congratulated on cutting through the garbage that abounds on FX sites.I've realised that daily charts focusing on price action is the only thing to do,forget indiors,predictions, opinions and you also could have half a chance at this sport.

  2. #12
    For posting your system, thank you mongoose. It appears strong.

  3. #13
    Quote Originally Posted by ;
    Best article on any thread up to now. You should be congratulated on cutting the crap which abounds on FX sites.I've realised that daily charts focusing on price action is the only thing to do,forget indiors,predictions, opinions and you might have half a chance at this game.
    You're correct. Believe it or not systems like these work better than intraday systems. I've been trading within a year. I don't post a lot.

  4. #14
    Looks like you have sufficient rules and coding to attempt to back test the machine on tick data. When you do think you will be disappointed to find it loses money.

    Even better, I have been trading it reside an posting my account statements on this forum.

    90% of traders lose money

    I'd discover that it's unreasonable to put behind me 12 years of trading and hang up my hat on a slogan.

    Every instrument you have in your toolbox is a linear math derived from the background but forex is not linear so it it wont work.

    FOREX is often traded using Fibonacci numbers, interest rate data and other economical data with some success, especially in large industrial organizations. All these are Euclidean Geometry two- and - three-dimensional Euclidean spaces or in other words math!
    Of course a systems advantage does get diluted and need changing to match the performance of prior years, however, the principals of the system remains intact.

    Actually even some non-linear subjects are often so complied they are modelled by linear approximations as a first measure to unravelling their puzzle, therefore it is untrue that a linear system can't gain the study on a non-linear phenomenon.

    In the event that you back test and optimise past data all you are doing is finding a linear curve fit solution to past data.

    I have tests for robustness, which is how this system was created. Checks such as:
    *Multiple markets analyzing (FOREX, futures, stocks)
    *Outside of sample data testing
    *Overstating how big losses and understating how big profits
    *Bell curves . . .See my article https://www.forexsoutheast.asia/gene...115-swaps.html

    If you dont believe me find me any EA which worked great last year and continues to be working this season and makes real money live. They are as rare as rocking horse crap.

    Too easy:
    *Volatility breakout method
    *Larry Willi Oops
    *Original Trading System
    *My systems such as 6EV, Bollinger Bandit, Boops (my variation of the Oops), Weekly Warrior

    The success in these systems lies in allowing the winners run, and cutting the losses, and IMO that's the basis of success.

    If you are intent on finding a method you must find a disorderly established odds system

    Now you have me curious as I have heard a lot about disorderly based systems, but never really noticed one presented. It's like the new chocolate bar on the supermarket shelf; did somebody release a book or something? Any further material on this insanity trading platform development would be appreciated.


    I give you a good illuion. In five years worth of euro days 33% will be extended over 20 pips a day, 33% will be level within 20 pips a day and 33% will be brief below 20 pips.

    I fail to see your point, do you mind elaborating?

    5) Every pair is totally different to another there is not any such thing as one size fits all.

    I know, however I must mention that I just usually trade the GBPUSD as I am interested in getting proficient with too many pairs. I'll say that due to the high correlation of pairs, I'd anticipate that the majority of the majors would display similar traits and return to identical methodologies.

    7) The best way to lose money is commerce intraday without solid money man and on hunches according to other folks advise/thoughts/signals.

    I have found the the contrary, intraday systems simply don't add up. This is the point that I disagree with you on as I have done exhaustive study.

    Look at this logically:
    1. Daily ranges are bigger than intraday ranges = more profit per transaction
    2. Daily trading = not as trades not as spreads to compensate for
    3. Interest created on daily positions can overcome the disperse
    4. Most traders neglect most traders exchange intraday therefore: trading intraday is most likely inducive to collapse


    Thank you for taking all that time to answer to my article. As a system developer and tester I'm rather interested in the Chaos Trading System ideas so further stuff would be of great interest to me.

  5. #15
    You may note that as per the machine I am now short from the EURUSD.

    Although not part of the machine, I really do like to see a lower low and a possible lower high as well as shown on the image below.

    Http://img140.imageshack.us/img140/9...dtrade1iu9.jpg

    **PLEASE NOTE: THIS Isn't AN INVITATION TO TRADE! THIS IS PURELY A DISCUSSION OF A TECHNIQUE OF MINE. YOU CAN LOSE SUBSTANTIAL MONEY TRADING FOREX OR ANY OTHER MARKET WITH ANY TECHNIQUE INCLUDING THIS ONE**



    edge, I take offense that you refer to my work as crap. I submitted the machine, code, charts, trades and so on for constructive criticism. If you didn't enjoy it you always have the choice of not returning to this thread.
    I also find it contradictory for you to scowel at intraday trading, and on the other hand you trade the Daily Scalping system on this forum and regularly remark on it.

  6. #16
    Quote Originally Posted by ;
    1) 90% of traders lose money so you're searching for a 10% advantage thus you at a lousy position before you even begin.
    We had a thread on this subject just a few days ago.

    Where did you gather your statistics which show 90% of traders losing cash?

  7. #17
    I have not even started to digest this sandwich - therefore I can not remark on it. But I can comment on the naturally hard line put forth from both gents.

    I would find something from Mongoose - but you two hardliners provide nothing.

    To suggest that you can only make money by trading the daily charts is totally ludicrous.

  8. #18
    Quote Originally Posted by ;
    Best article on any thread to date.
    You want to read more threads!

  9. #19
    Http://img239.imageshack.us/img239/2...l20juneja4.jpg

    Profit this month so far $4391.39

    that's roughly a 22% gain on a $20,000 account in 2.4 weeks

  10. #20
    Quote Originally Posted by ;
    We had a thread on this subject just a couple of days back.

    Where did you gather your data that show 90 percent of traders losing money?
    You merely have to google but the resources are far and wide and purpose to similiar statistics. I havent seen another thread but someone must have done the same as me and read it plastered over the net. I been trading full time and make a living doing so for over 5 decades now. Im far from rich but I survive. I've written dozens of progr, lots of EA's and none can really cut the mustard for more then a few weeks/months until they crash and burn. Well maybe not MT4 stuff. I use Genetic approaches mainly PSO with neural networks. I search for probabilty versions and trade options and futures. I trade place any more. Should you trade options the risk is known from the second you place the trade. The profits are unlimited when your right and capped perfectly when your wrong. There are no problems involving slippages, bad fills and general small cap retail nasties one sees spot trading.


    A couple hereBruce Kovner discussed attempting to train perhaps thirty individuals, and just four or five turned out to be good traders. Another 25 left the business and based on Dennis it had nothing to do with intelligence. Marty Schwartz discussed hiring four individuals but nobody lasted. In accore with Brian Gelber less or five out of every 100 individuals who go to the ground to become traders make at least a million dollars over five decades and at least half will end up losing what they came in with. Tom Baldwin responded less than 20 percent of those who come to trade on the ground are still around after five years and one percent are effective to the purpose of making and maintaining at least a couple of million An article in Elliot Wave International



    Close to ninety percent of traders lose money. We're not talking about amateurs here, either. Whether you trade for pleasure or for a living, chances are, you won't succeed. That's a sad fact.
    However, the remaining ten percent of traders finally manage to break even or even make money -- and furthermore, do it consistently. How do they do this?
    That's an age-old question. Thousands of books have been written and countless interviews and seminars have been done in an effort to answer it. To this day, no magical formula has been found.
    Still, we thought we would have a shot at it. Elliott Wave International's http://www.elliottwave.com/products/...aspx?code=fufo editor Jeffrey Kennedy has identified five fundamental flaws that, in his view, stop most traders from being constantly successful. Well you can go here to read the rest.

    http://www.elliottwave.com/features/...articleid=3129

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