Honest answers please! Are you successfull trading on Forex or maybe not?
Here goes the survey:
Honest answers please! Are you successfull trading on Forex or maybe not?
Here goes the survey:
Hello okay lets try and sort something I advise you to quit being so negative on this forum where people like myself attempt to help, I understand I lost my cool but also your remarks in which an oviously insult you understand everyone on this forum is attempting to succeed and don't need people putting down them telling them to find actual work and quit dreaming.
I and many others are interested if you would care to tell us what it is that's going so wrong I mean we understand your systems aren't winning but can you notify us give illustrations on some bad transactions with the system I understand that your not thinking about all the money management speech so why not let's precisely what happens.
About Money Management:Originally Posted by ;
- I'd always exchange 1% of my account.
- I'd constantly have my stop-losses and limit orders set up. I have backtested most of the systems with very order and limit orders. Ordinarily with 2:1 profit/loss ratio.
- I think revealing some examples of almost any system are quite much useless (sorry but true), since the long time steadiness of the system is what matters in the end anyway.
I wan't is a system which would work 60 percent of time with 1:1 money management.
Or a system that would work 45 percent of time with 2:1 cash management.
Nothing else, however ohhhh I do not have a such thing.
Come on yakumojpn Attempt to give us something a mean what would you use to make your decisions what makes you decide to buy or sell something and just tell us don't keep coming along with your crap about this wont help and that wont work.
Attempt this:-Originally Posted by ;
100 wma cross 50 wma. . .take profit 20 stoploss 10
Which timeframe then? Any timeframe? I guess the stop-losses and take profits should alter depending of the tifeframe? Or to use ATR for stop-losses and take profits? If this is so which span ATR?Originally Posted by ;
I really could backtest this or any system manually such as EUR/USD as you suggested:
1) H1 - 16.06.2004 - 21.02.2007
two ) D1 - 07.04.1989 - 04.10.2006
But the issue with this method is:
A) Use profit 20 and stop-loss 10 are definately too little for h1 charts - that I really do backtest candle-by-candle and it may easily go to stop-loss and make profit within one candle, thus we can't know which occurred first.
B) Secondly it's pointless to have such a little take profit and stop-losses - you will have to pay at least 1.5 pip spread a trade - that's 7.5% for a comissions price per a trade (1.5/20*100=7.5%) - sorry, but that's ridigiliously too much!
And other pairs also if it works on EUR/USD first at all. Then publish the MetaTrader 4 .tpl file with the buy/sell arrows along with the .txt file together with the results.
Personally I don't think this method is gonna give any stable results but I really could backtest it anyway to prove it won't. But the stop-losses and take profits must change before I'm gonna do it, because trading on shorther anything than 1h Is Right contrary to the odds too much - because of the large spreads of the brokers and the 1.5 pips is smallest by Oanda (most of the period ),
That's the issue - I really don't have anything that I could prove it functions stable. I can only prove that nothing operatesOriginally Posted by ;
Showing some examples is useless, but I'll do it anyway since you asked it. (I just care about time backtesting).
Most of my testing has been about buying the pullbacks.
1) Whether it's the Rob Booker marketed case: 5/13/62 (actually 13/62 just, that 5 interval EMA is very moot in there anyway - it merely signals to be ready, heh).
Two ) ADX with various periods (example 14 or 21), signals a strong trendline and keeps away from ranging markets. And then when the price will start to return from trendline, then to buy on the pullbacks:
2.1) shorther trends - example illued by EMA 10-20
2.2) moderate trends - example illued by EMA 50-60
2.3) more trender - example illued by EMA 120-150
or inside the fancy fibonacci EMA's
2.4) shorther trends - example illued by EMA 13-21
2.5) moderate trends - example illued by EMA 55-89
2.6) more trender - example illued by EMA 144-233
or inside the fancy fibonacci retracements
2.7) 38.2 level
2.8) 61.8 level
ohh, and I've so many other systems, but well you know exactly what I'll say currently
Well, as happens with these kinds of threads. They degenerate into a string name calling and that isn't acceptable in forum.
This thread is closed
I've reopened this thread and ask that there be no more insults. .
I've deleted the articles. Thanks Scott
Ok try it all out. Look for pin bars (dojis) on daily charts. Trade them when they are to be traded.Originally Posted by ;