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Thread: Big Sandwich System

  1. #21
    Mongoose I love the way you back up what you say with your account statements.

    You keep up the Fantastic work!

  2. #22
    Fantastic task mongoose .... I enjoy your transparency ....

    I just realized that your platform is an evidence of my idea sometime ago ... market is always ranging between some traces. Sometimes it ranged sideways, occasionally up/down ... It is always ranging ... the secret is to find the energetic two lines.

    Kudos to you ...

  3. #23
    Hi Mongoose
    Can you please resize your uploaded to picture to 600 x 600 pixels?
    Thanks

    ps. . .there are plenty of picture resizing places you may find. . .just google.

  4. #24
    Do it. How can they do that?

    Your trading process is a reflection of you, and what you focus on.

    *Should you focus on collapse, your effort to turn a profit will neglect.
    *If you are inconsistent, your profits will be inconsistent.
    *If you are indecisive and hesitate, your own body will yield unpredictable results
    *Should you focus on entrances rather than cash management, you'll have perfect textbook entries and lose your cash

    People used to come to my workplace and watch me trade, and they would say: How do I begin! I would say: Write down all of the things in your life you're putting off and perform them. Organise youself, your house, your desk etc.. Once your life and your affairs are regular and organised, then you are all set to take another step.

    This is part of the reason that many traders fail. The other part is the inability. No system works indefinitely, and here are a number of reasons why such as:

    *The market or some fundamental part of it varies. e.g.. Many trading systems failed after the SPI turned electronic. Anyone who did not monitor their system closely would have traded themselves.

    *Prices change. Trading a system on the SP 10 decades back with a 20 point stop may have worked but it won't work now because 20 points is a smaller percentage of their current price. Again, exactly like automobile or every company, you need performance measures action can be taken by you.

    *Your system is seen or weighed down. I have seen this occur to two systems.



    A cake isn't simply like it is mold, it can not be better.

  5. #25
    Sorry about the picture. Imageshack includes.

    I shall try again.

    At the meantime I would like to throw a discretionary area of the system to the ring which helps me select which signals to select which transactions. It's not that difficult to do, but if you would like to just keep demonion testing the core system you'll discover it is profitable on the GBPUSD.

    To decide which one to trade, I usually try to take long transactions only to pick up the rollover interest. I've made over $ 100 in two weeks out of this 19, as you can see by my statment!

    Second, eyeball the weekly charts.

    Look for OBVIOUS trendlines (don't attempt to see something which isn't there. If you can't spot it straight off, then it ai not there)

    Round numbers. The more 00000's the greater.

    http://img144.imageshack.us/img144/9...dreversic7.jpg

    http://img239.imageshack.us/img239/1...dreversqg6.jpg

    http://img144.imageshack.us/img144/2...franginzq4.jpg

    http://img144.imageshack.us/img144/7...ychanneqe6.jpg

  6. #26
    Quote Originally Posted by ;
    do it consistently. How do they do that?

    Your trading process is a reflection of you, and what you concentrate on.

    ....

    A cake is simply like it's mold, it can not be better.
    Properly said.

    Mongoose ... just suggestion for improvement (hopefully).... Instead of entering a position when price went beyond the range, why not when the previous trailing stop got hit, enter. In other words, use Trailing Stop and Reverse ?

  7. #27
    I will give you a try and backtest it. I can see the logic in that it would increase the prospect of profit because it's further away from the opposite side of this range.


    CLOSED TRADES ONLY FOR JUNE

    http://img239.imageshack.us/img239/2...esultsihc5.jpg

  8. #28
    Mongoose, nice of you to talk about your method. Thanks. I believe you have a bug in your code. Assuming you've 60min as Data1, look for instance on June 8/07 and June 1/07, at USDCHF. I show that when the Long had been closed, there was a Short entered and closed - Quite simply that a trade. The BreakevenEngage being true from the Long trade probably causes this, in the time the brief trade is entered into.

    It's after midnight and I haveta hit the sack, but I'll have a look through the code and trades in more detail to get a fix, and see whether there's any additional troubles.

  9. #29
    Thanks for picking this up, you are right.

    Also because of this forum member who promised me that when I submitted my system, people would lead in a positive manner despite a rather hostile welcome by others.

  10. #30
    I didn't refer to a particular system I was just generalizing about the majority of things that is posted on the FX websites. In terms of intraday trading I didn't specifically rubbish it,I just don't subscibe to approaches based on plenty of indiors. I did not mean to offend you so keep the fantastic work up.

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