Thread: 150-200 pip/month without technical indicators.

92118It doesn't really make sense from a mathematical standpoint to stop trading as soon as you have hit a goal, provided that the system/trade program is proven to earn money over the long term (instead of in a casino where if you're winning you have defied the odds so it's sound advice to stop whilst you're ahead). The longer time that the the system is being implemented, the greater the yield. The trader has additional aims in life aside from simply gathering money and it's down to the person and the costs and benefits involved with that. The author clearly is happy to forgo potential profits for more leisure time, and this ought to be distinguished from your machine for a leisure maximizing rule as opposed to a profit maximizing one.

92118

Originally Posted by ;

The writer clearly is pleased to forgo prospective profits for leisure time, and this ought to be distinguished from the system for a leisure maximizing principle as opposed to a profit maximizing one.

This is good; FF needs to open a'hobbyist's' area
The OP repeatedly talks of all of the manual back testings being conducted to enhance the entry, etc. that really is an extremely time intensive, sitting in front of the computer, action. Of course this might be how they unwind, don't understand.

I stand by my previous article, it's fear that's forcing the OP to depart, nothing longer. The OP asked for suggestions and so this is mine. Read this and place it into practice.

Developing a trading plogy plan - Barry Lutz
https://www.forexsoutheast.asia/atta...6731094499.pdf

92118Let's see if I can put this another way. If you own scalp trade, unless you are absolutely insane or demented, you don't trade 24 hours a day. I know of many, many traders who quit for the day once they are up by X pips. They don't remain there, and also make the following trade, then another, and another because their system is great. They quit trading for that day if they are ahead. If they have made their intended PIPS for that day, they don't burn themselves out by straing in a keyboard to create another trade which could lose (even using their great system) so that they must create yet another trade to return to the pips that they wanted for that day. They quit. They know when to hold em, and they know when to fold em. Are you telling me that, because I'm a good poker player (and I am)I should play until 4:00 in the afternoon to get even more money than I already won, because mathematically I should be able to win even more money the longer I perform with? No one disagress with you that if this system wins over it loses, and she is up by 50 PIPS by Tuesday, the law of averages say she would get more pips if she exchanged the week. But, such as gals and the guys who quit in 50 pips to the day in their distinct stsyem if that happens to come within the initial two hours, she quits at 50 pips a week, even if that comes in the first two weeks.
Does someone have the capacity to perform a back test on her machine and give a day by day win/loss for the past several months? Would be fascinating. Fridays are horrible for this method. Possibly Tuesdays and Mondays and Wednesdays are the best.

92118

Originally Posted by ;

Let us see if I could put this another way. If you scalp trade, unless you insane or demented, you do not trade 24 hours a day. I know of many traders who stop for the day once they're up by X pips. They make the next, then the next, and the next trade since their system is great, and do not remain there. They stop trading for that day when they. If they have made their intended PIPS for this day, they do not burn themselves out by straing at a keyboard to make another trade which could lose (even using their great system) so that they need to make yet another trade to return to the pips that they wanted for this day. They quit. They know when to hold em, and they know when to fold em. Are you telling me this, since I am a fantastic poker player (and I am), I should perform until 4:00 in the morning to get even more money than I won, since mathematically I ought to be able to win much more money the longer I play? Nobody disagress with you that if this system wins more than it loses, and she's up by 50 PIPS by Tuesday, the law of averages say she would likely get pips if she exchanged. But, like gals and the guys who quit at 50 pips for the day in their stsyem if this happens to come inside the first two weeks, she stops at 50 pips a week, even if this comes from the first two days.
Does someone have the capacity to do a back test on her system and provide a day by day win/loss for the past several months? Would be fascinating. Fridays are horrible for this particular method. Possibly Tuesdays and Mondays and Wednesdays are the best.

You're bringing variables into this that don't have anything to do with the dialogue. Of course you'd make adjustments for lifestyle and fatigue issues but that isn't exactly what this system relies on, now is it?

So far as poker is concerned, if you're a fantastic poker player you need to have heard the expression I'd use toothpicks to keep my eyelids open if the game was good enough. But, the game wouldn't qualify as good if you're just too tired to make choices that are excellent. How could a man who says he is a poker player never noticed when the game isn't any longer that you should stop beatable.

As for the last point about the day of the week, that may certainly are involved. Everyone understand that there are better days to trade than others but again that is not for stopping ahead the qualifiion. The sole qualifiion is 50 pips regardless of the day. So again this is a variable that you're currently bringing in that has no significance here.

Hey I hope she proves me wrong. I will be the first to leap onto the bandwagon. I am on no account rooting against her or her system. We all are learning here and I only want to participate in the discussion when I believe I have something to add.

But while we are let us see how good you're at poker. Let us play some thoughts up cash or tourny. Think about it? Just for fun, I mean not only enjoyable but like $100.00 or something.

92118okay time to set an orders

104898okay time to cancel what...

104898

Originally Posted by ;

The OP repeatedly talks of all the manual back testings being conducted to improve the entrance, etc. that is an extremely time consuming, sitting in front of the computer, action. Of course this might be the way they relax, don't know.

Sorry, my English isn't good, so is likely that I made it wrong. But are you really saying that backtesting is a waste of time?

Thanks if it's not a large problem for you to answer that.

104898I exchange with Oanda. . .no trade was filled although the 6:30 AM CDT candle came within 2 pips on the side.

I'm only wondering how those of you using distinct platforms fared?

Great Trading my friends (Tdion, too)!

104898

Originally Posted by ;

Ironically, my English is bad, so is likely that I made it wrong. However, are you really saying that backtesting is a waste of time?

Thanks if it's not a big problem for you personally to answer that.

No, I'm not implyinng that backtesting is a waste of time. I'm saying that to manually backtest by hand is a time consuming procedure.

104898I agree. I am a part-time Currency Market trader, and haven't learned how to do a pc back test. I know that there are many out there who will do it fairly easily. My questions on this particular system are whether or not 50 pips would be the best amount. A test would show on a daily basis for any time interval would acquire or lose going for 50 pips. Could be that 40 is much better....or 30. Could show what days of the week are far greater. For any reason(s), possibly the first part of the week is best.

Originally Posted by ;

No, I'm not implyinng that backtesting is a waste of time. I'm stating that to backtest by hand is a time consuming procedure.