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Winsor's Five Trading EAs in Real Time
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winsor

Členem od Jun 23, 2010  302 zpráv(a,y) Winsor Hoang () (winsor) Jul 06 2010 at 16:00
Hi Elkart,

I understand where you are coming from, and I always have a trail of paperwork to protect myself. There have been many situations where I have flatly turned them down. Most people are too greedy and have this gambling mentality about forex trading.

In some ways, I am leasing people the tool i.e. my software. I teach them all the safety precautions, and I practice with them. This is one of the major reasons why I have removed the compounding lot size from all of my trading systems. Forex trading is a 10-year marathon and not a 2-month sprint. Only if I could come up with a tool to scan their DNA for the gambling gene, then I am good to go. lol

Elkart

Členem od Aug 01, 2009  941 zpráv(a,y) Elkart (Elkart) Jul 06 2010 at 16:48
Yes, but you're still willing to do it.

When was the last time you heard Buffet say on tv: ' He had a high risk tolerance.....'


Chang beer is evil.
winsor

Členem od Jun 23, 2010  302 zpráv(a,y) Winsor Hoang () (winsor) Jul 07 2010 at 14:41
Are you guys excited? One more day until you get to test drive my 5 expert advisors. I promised that my automated trading systems will not disappoint you. The only caveat is that the trading lot size is fixed. Remember risk and reward go hand-in-hand; hence, compounding the lot size will increase your winnings but also increase your risk.

pepee81

Členem od Apr 20, 2010  6 zpráv(a,y) Peter (pepee81) Jul 07 2010 at 16:06
I think the fixed lot size isn't really a problem, for me its more like an advantage, because if you calculate, after the winning trades your risk is getting smaller, in some way.

Sooner or later, but it will work.
stevetrade

Členem od Oct 28, 2009  1314 zpráv(a,y) Steve B (stevetrade) Jul 07 2010 at 16:55
Providing you are winning. Whereas if you are losing you are going to reach zero a lot quicker wink

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
pepee81

Členem od Apr 20, 2010  6 zpráv(a,y) Peter (pepee81) Jul 07 2010 at 22:00 (editováno Jul 07 2010 at 22:09 )
Well, in fact, everybody has like 50% chance to be right smiley Because the price moves up or moves down, if the EA can add something extra, this chance can be increased and if you always has the same sized positions, I think this can result in more linear equity curve.
I usually like to calculate my own risk, maybe this will change in time as I'm gathering more and more experience, but currently I like fixed lot options smiley
Anyways, I usually take the smallest possible positions for tests, my broker allows 0.01 on my micro account, if the EA proves profitable, I can always change that, I'm in no hurry smiley

edit: 50% chance, theoretically :)

Sooner or later, but it will work.
stevetrade

Členem od Oct 28, 2009  1314 zpráv(a,y) Steve B (stevetrade) Jul 08 2010 at 09:59
That's a rather simplistic view of trading. If I set my stop loss at 500 pips and my target at 5 pips then I'm fairly sure I don't have a 50% chance of being right.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
pepee81

Členem od Apr 20, 2010  6 zpráv(a,y) Peter (pepee81) Jul 08 2010 at 10:16
smiley
I think it doesn't matter if something is simple, if you make a decision without examining the market, theoretically you have 50% chance of being right.
I think in your example you have slightly bigger chance of reaching the TP before you reach the SL, because market only has to move 5 pips + spread in your favor to be able to gain your profits, so as you mentioned ... you have bigger chance for this, which is true, but the RR ratio is 1:100 which is not so good ... But, you just have to be wrong once for every 100 trades to be able to neutralize your profits.
Its true, I did not mention in my previous post that 50% being right would also assume an 1:1 RR ratio. Sorry for that, it was my mistake.

Sooner or later, but it will work.
odiaerospace

Členem od Mar 03, 2010  22 zpráv(a,y) Mr Scalper (odiaerospace) Jul 08 2010 at 12:48

pepee81 posted:
    I think the fixed lot size isn't really a problem, for me its more like an advantage, because if you calculate, after the winning trades your risk is getting smaller, in some way.

exactly

Never Place A Trade Without Stoploss
winsor

Členem od Jun 23, 2010  302 zpráv(a,y) Winsor Hoang () (winsor) Jul 08 2010 at 14:25 (editováno Jul 08 2010 at 14:36 )
The installation file is on the next post.

Winsor

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