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Elkart (Elkart)
Jul 11 2010 at 10:23
941 posts
Elkart (Elkart)
Jul 11 2010 at 10:26
941 posts
It's a random trade thingy. I did a little bit of back testing seems to have a positive trend.

It would be sooooooo funny if it does make money.

pipdetector
Jul 11 2010 at 10:46
78 posts
I would not be surprised. MM is the key in such cases. Once I tested my home made EA that was supposed to buy GBPUSD each morning on 9 am GMT, as far as I remember the SL was 100 pips and TP was 200 pips (or some similar 2R ratio). Tested over five years or more it provided positive results... :-) Unfortunately, I lost it during a HDD crash so I cannot provide exact details. I tested it with Forex Tester 2.

Elkart (Elkart)
Jul 11 2010 at 11:08
941 posts
PD

There's a very clear case for time based trading. Buying or selling a pair at the same time everyday is not as random as you might think.

Buying EurUsd at GMT midnight for the last year and closing out at 01:00 would have netted you 1300 pips in 365 days. The evidence is here: https://articles.mql4.com/915#10016

Very strong patterns around 11:00 and 15:00 and 16:00. Time based trading can do about 30 000 pips a year if I add all of them up.

But I wouldn't mind seeing how this random EA would work on 20 pairs. Unfortunately my server is going to be real busy soon, so I don't want to plonk it on there. And on this machine I have dodgy internet , it comes and goes, so I can't run it...

Elkart (Elkart)
Jul 11 2010 at 11:30
941 posts
That's why I was so interested in this thread: https://www.myfxbook.com/community/trading-systems/markets-not-random/38068,1

Unfortunately Russel was a bit sensitive, so he left. I tried to tell him I was interested in his work, but he got super offended for reasons I'll never understand.

Elkart (Elkart)
Jul 11 2010 at 12:53
941 posts
Russel's cycles were a step further than the work I've done.

I said right everyday at time x we need to be selling or buying. His says On Monday at time x we need to be selling, but on Tuesday it needs to be time y...and so on. And after 5 days it will reverse. And another 5 days it will reverse again.

Wish I knew where that came from. Would need to be quite a computer buff to write something that can go identify those kind of cycles. Would need good data and a serious machine.

Casey Lim (bestforexea)
Jul 14 2010 at 12:14
75 posts
You ask... I answer... You got good vouch stat... so I listen. 😁

Will try to find the time to set it up on demo... should be interesting.


Elkart (Elkart)
Jul 14 2010 at 14:39
941 posts
Well I don't know if it works. I crashed my laptop and all my data is gone, so I can do a little bit of back testing and it seemed to drift up....

I idea is really to see if random works...cuase then everyone wasted a lot of time with indicators and also means fx is not about direction, which is something I believe to be true.

Casey Lim (bestforexea)
Jul 15 2010 at 01:01
75 posts
Woo... if it's going to crash ur laptop... I guess I need to have second thoughts about testing this...

From what I gather... or trying to understand this topic of randomess. Are you suggesting a random entry and exit? Meaning flipping a coin to see if you are going to sell or buy at the moment you flip the coin? Is that what this EA is trying to do? Enter and exit at a very random time. Or enter and exit randomly at a fix time.


Elkart (Elkart)
Jul 15 2010 at 09:35
941 posts
Ship's crashed my laptop. I'm usually always on the move, laptop gets plugged into different power sources 110v/220v including generators on ships. It's the only explanation I have for why my laptops blow up every few months. I can never get the guarantee because by the time the damn thing blows up I'm usually in a different country already. Either that or the laptop bends in my bag. Last one the motherboard cracked...how the heck does that happen? Only six months old and I bought that in Dubai airport because that's where the one I bought in Thailand blew up.

That EA does random entries yes. Random everything I presume with fixed Sl's and Tp's.

If you look art a bunch of successful traders in a chat room, you'll see they're always calling against each other. Sometimes they agree, but mostly not. Yet they all make money.

So it can't be the calls. And if it's not the calls, then what is it?

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