SharePosts by PRandell
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hey MPierson,
That was so sweet. You said "our" lunacy. I already told you that i might need psychological help. I'm glad you've come to the realization that you too are a bit touched.
Alright, i feel a group hug coming on. You, me and Fxgrowthbot. I think it's time for peace. What do you say?
Did you try the EA on usd/chf?
PRandell
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i79coop,
As far as I know with Alpari you shouldn't be getting any requotes as their demo accounts have the same characteristics as their Pro accounts, which I believe you have to have $25K to start. At their Pro level there are no requotes.
PRandell
[grin]
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Hey Ben,
I WAS going to call him a douchebag, but i was afraid he'd look it up and tell me I spelled it wrong. lol
PRandell
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Star,
If you have an EA that's showing a 50DD in the last year, I'd say walk away from it. But it it was ancient history, you need to realize that. If you have traded forex for any real period of time you'll know that the currency pairs often go through correlations that fluctuate. For example, at times gbp/usd trades in tandem with eur/usd. While other times the two are not correlated at all. Why does this happen? For a lot of reasons, but one reason is that the same economic conditions that exist in Great Britain, exist in europe as a whole. In other times Britain fairs far better tha......
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Anyone who thinks trading Forex can be accomplished with 100% certainty is either naive, a newbie, liar, misinformed, inexperienced or just plain stupid. Whenever you try to predict the future movement of anything, and you put your money on that prediction, you are gambling that your prediction is correct.
And if you can find a system that works MOST of the time, then you're a lucky bastard, and congratulations. I mean, hell... there are poker players who make a living gambling. A Good living. But that doesn't make it employment, nor investment what they're doing. They are freaking gamb......
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Ben Smirt,
I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven't checked lately. I can do ......
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fxgrowthbot,
I'd like to add to your notes that results from eight years ago don't necessarily have anything to do with what's going on today. The bot may have had 32 loses in a row 8 years ago, but that doesn't mean it'll do the same today. gbp/usd does not behave today the way it behaved 8 years ago guys. We do backtesting to get a SENSE of what a robot can do. It's not a roadmap to the future. It's just a guide. I figure like this: If it fails in backtest, move on. If it succeeds in backtest, then we may have a chance for the future.
And i agree about this being gambling. How d......
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Thank you Raymond,
P
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hey Raymond,
Who do you like to use for VPS?
P
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Hey Guys,
You cannot expect any strategy's performance to go straight up. There will be drawdowns. Unfortunately the market has no trend this time of year, and from what i can see this strategy needs a trend to be successful. Starting first of the year, once everyone's back from holidays, it should continue to perform the way it has in the past. The recent drawdowns don't concern me.
But what DOES concern me is the fact that certain members are stating that while the live account is showing, for example, 4 straight losses, their live accounts show 8. I don't understand this discrepanc......
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