Do YOU think EAs work (POLL) - Page 5
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Thread: Do YOU think EAs work (POLL)

  1. #41
    95036
    Quote Originally Posted by ;
    If EAs would have worked..why do we believe UBS, JPmorgan, Goldman sacks..go using a guy with 10 experience in Forex than using a programmer who worked for microsoft, google for 5 years and composed EAs for another 5 years

    These guys can write 1 million lines of code to get an EA yet if you have EXPERIENCE they take you

    I wonder why
    Since programming is straightforward. Trading is harder. It takes an average programmer but it takes great trader to endure 20 years on the market. My EA's have between 30-300 lines actually has over 10 000 which made me money and that one was more difficult to program?

  2. #42
    My vote is YES. .

    I have an EA that works really good... I fix the time period based on the pair I am trading.... Nevertheless, the minimum time period I trade is your hourly rate... some pairs such as the yen crosses I put on the 4hr or daily.

    It ought to be said that unlike many others... I am not looking for the 50% return each day... in fact there could be a week that goes by where the EA doesnt pick up a trade. . I also dont select the lot dimensions.... I allow the money management feature determine just how many lots to trade based on the% I entered as my risk. . This way... as the account grows... so does my lot dimensions. .

  3. #43
    Quote Originally Posted by ;
    On your sample you are right. Sir, I'm concerned with where the market goes not yesterday. Have a look at this year and tell me it has not changed.
    I visit two mega 700 pip moves in less than 90 days about the cable Sir, what more do you want in the market?

    I managed to catch up and down moves with two simple trendlines and one support and resistance line, no fancy EA needed.

  4. #44
    Quote Originally Posted by ;
    My vote is YES. .

    I have an EA that works really good... I fix the time period based on the pair I am trading.... Nevertheless, the minimum time period I trade is your hourly... some pairs such as the yen crosses I either put on the 4hr or daily.

    It ought to be said that unlike others... I am not looking for the 50% return each day... actually there might be a week that goes by where the EA doesnt pick up a transaction. . Additionally, I dont pick the lot size.... I allow the money management feature determine how many lots to trade based on the% I entered as my risk. . This way... since the account grows... so will my lot size. .
    Marie,

    Just how long have you been running the EA. Have you ever had an opportunity to experience its performance in both market conditions. Firebird kicked butt for some time too (made 300 percent in a week), but a 1000 pip fad broke out and I gave it all back... and then some. Just curious.

  5. #45
    Quote Originally Posted by ;
    Really ? Is that so ? Let us see....

    Here are the annual ranges for the GBP/USD for the last 10 years:

    1997: 1474 pips
    1998: 1265 pips
    1999: 1315 pips
    2000: 2623 pips
    2001: 1417 pips
    2002: 2090 pips
    2003: 2484 pips
    2004: 2068 pips
    2005: 2277 pips
    2006: 2644 pips

    From 1997 to 2001 (5 years) the average annual range was 1618 pips while in 2002 to 2006 (5 years) it was 2312 pips or nearly 43 percent MORE volatility, so do you watch ANY reduction in volatility here, because I'm sure as hell don't!!
    :--RRB-
    To add to your information, average daily range (250) over the years:
    '90 - 158
    '91 - 173
    '92 - 199
    '93 - 232
    '94 - 181
    '95 - 126
    '96 - 159
    '97 - 106
    '98 - 151
    '99 - 144
    '00 - 124
    '01 - 142
    '02 - 123
    '03 - 104
    '04 - 136
    '05 - 178
    '06 - 141
    '07 - 133


    So where's the change?

  6. #46
    Quote Originally Posted by ;
    :--RRB-
    to grow your data, average daily range (250) over the years:
    '90 - 158
    '91 - 173
    '92 - 199
    '93 - 232
    '94 - 181
    '95 - 126
    '96 - 159
    '97 - 106
    '98 - 151
    '99 - 144
    '00 - 124
    '01 - 142
    '02 - 123
    '03 - 104
    '04 - 136
    '05 - 178
    '06 - 141
    '07 - 133


    So where is the shift?
    On the daily range, a very little 2 pip growth on average daily during the last 6 years. But this information should only interest day-traders.

    This point is this: there is NO 50 percent decrease in volatility in the FX market during the last 3 years, like our friend WhyOhWhy is suggesting. During the past couple of yearslong term and medium term traders could harvest more pips against the cable because the cable is travelling longer distances, and in an intraday basis we do NOT notice any specific change in volatility in any way.

  7. #47
    Quote Originally Posted by ;
    I only showed you that volatility has never been better at the FX market, it has INCREASED during the previous 5 years.

    In case your EA has been making less cash during the past couple of years, then there's something wrong with your EA, it isn't strong enough, period, the market itself is fine.
    Can you even read my post? I never stated that volatility decreased, nor did I claim to have an EA that is profitable/unprofitable.

    I am curious, what's your obsession with trying to prove everybody wrong? I searched through your articles and each of your articles is trying to discredit what somebody else has stated. You can find more subtle ways to convey an impression without being arrogant. Just my two cents.

  8. #48
    Quote Originally Posted by ;
    Can you even read my post? I never said that volatility diminished, nor did I claim to have an EA that is profitable/unprofitable.

    I'm curious, what's your obsession with attempting to prove everybody wrong? I hunted through your articles and every one of your articles is attempting to discredit what someone else has said. There are more subtle ways to communicate an impression without being arrogant. Just my two cents.
    When I say You in a place, it does not necessarily means YOU or someone specifically Hidethereal, it just means the trader generally, sorry for the confusion.

    I am not attempting to discredit anybody (we are just exchanging trading ideas), I just need to manage the facts, and the truth just, since there are so many false ideas that circulate in forums and people like to repeat those thoughts before questioning their validity.

  9. #49
    The definition of suddenly is fast. On news that the moves used to be much bigger. And faster. And happen faster because there was more volatility. 90 days for 2 mega 700 pip moves less than 90 times on the cable is volatility but within a longer time scale than suddenly means. 90 days is not suddenly. But congratulations. I'm going fast to bed until you unexpectedly post again and I feel obliged to reply. If needed I will comment further tomorrow.
    Quote Originally Posted by ;
    I wrote The FX market has experienced a profound shift. In previous years, a trade imbalance or a interest rate change may suddenly move a currency price hundreds of pips. Because of this, success in the FX market followed a conventional formulation: Cut your losses short, but let your profits run.

    In the present world of tightening economic interdependency, it's in each country's interest to keep economic and fiscal stability--even if it costs. And trade surplus nations (specifically China) now efficiently underwrite trade deficit nations (specifically the US) from the name of stability and an orderly market. As one result, interest rate differences are compressed. As another, currency volatility is minimised. It is only an opinion FXT. Make of it what you will and great of you to pull me up. Nice to see you . And let us see what happens this season. I have got my home on it.

  10. #50
    Quote Originally Posted by ;
    On the daily range, an extremely little 2 pip growth on average daily during the last 6 years. However, this information should interest day-traders.

    This stage is this: there is NO 50 percent drop in volatility in the FX market during the last 3 years, like our buddy WhyOhWhy is suggesting. Throughout the past couple of decades long term and medium term traders were able to harvest more pips from the cable because the cable is travelling longer distances, and in an intraday basis we do NOT notice any particular change in volatility at all.
    Blimey FXT I can not keep up with you. I'll comment about that tomorrow. I am going now.

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