fx revolution coming soon to your trading platform

BTW I wish you a good luck and good profit.

walker

   glcfx posted:
   u can check now

I don't trade algos or any automated system for that matter...therefore I can't give my experience from that perspective. But for me, my manual trading has given evidence that anything over 50 pips SL is a waste of my time because the R/R is too wide. I am U.S. based so restricted to 1:50 leverage, of which I only use 1:10 leverage. So my position would be too tiny to be worth it at that SL level. It's a lot easier to bag 60-80 pips (2x SL) than it is 150-200 pips in a day (2x 100 pip SL). You don't even have to be right about the complete direction of the market because of pullbacks and corrections and the likes. In my first post of this thread I mentioned taking an account to 40% gain in 8 days. This was done using 30 pip SL and 100 TP. It didn't even hit the TP every time, maybe only 3 out of the 8 winning trades. That system does fine with 30 pip SL. Wins about 70%, up to 90% if you only take the clearest signals.

I guess all that really matters is that you profit. To each and their own.

if you have a system then you have algo. it is not necesssery that to be coded or not. you are just running it in your brain instead of MT4.

30 pip SL with 1 Hr chart means you dont know what you are doing and you are not sure about your system.

BTW there can not be certain SL or TP levels for any chart. I am just telling the average. SL can be 15 or 150 pip as even TP.

walker.

   walker36 posted:

30 pip SL with 1 Hr chart means you dont know what you are doing and you are not sure about your system.

Honestly, that was a cheap shot. You are probably the only trader I have ever known to make such an ignorant claim. I am so sure about my system that I don't need to risk more than 30 pips to get it right. I only lose 30% of the time anyways. System was developed over 10 years ago and has proven itself over and over again. I'm not going to debate who has the better stops or targets or risk ratios or other nonsense because none of that really matters. Every trader has their own way of thinking and own method of trading. As long as I continue MAKING A LIVING trading forex, I am not going to change my way of thinking or method of trading. Thank you for your comments and good luck.

it is not cheap. I talk with the numbers. not with feelings.

if its a profitable system please just code it or find a coder to code it and see the past performance. words are only words. means nothing. I am hearing to many systems from traders that is very profitable but when those coded and tested %99.9 result is dissapointing.

I really dont understand traders that think have a good system and not code them. it its profitable you can spend 400-500 usd from your profit to see if it is really profitable.

can you please show any evidence of this system that makes profit.

regards
walker

I've tried to explain to programmers in the past that this system really can't be coded. You have to be alert enough to check where price is according to various levels.....something that code simply isn't smart enough to do. Code thinks in terms of numbers whereas a trader can think in terms of point on chart as well as recent history (including fundamentals).

Ongoing thread here: https://www.traderszone.com/personal-trading-systems/9001-my-intraday-system-pictures.html

All the evidence you need.

thank you.

there is a bunch of information about the system but there is no result like account sheet demo or live. if there is I could not find. if you trust your system then I can code it if you help. and see what will be past performance.

walker.

   walker36 posted:
   thank you.

there is a bunch of information about the system but there is no result like account sheet demo or live. if there is I could not find. if you trust your system then I can code it if you help. and see what will be past performance.

walker.

The problem is I trade several systems on several of the same accounts. I have six (yes, 6) accounts with OANDA. None of them trade just one system. As I said before, attempts have been made in the past to code this into something testable. But because much of the system is 'discretionary' that is difficult if not impossible to put into code form. I am getting ready to do an evaluation on my accounts and am planning to manually backtest the system. Will post something then, perhaps a separate thread since it is not related to this one 😁

   Splexin posted:
   Uhmmm......100 pip SL and 20 pip TP? 😲

yeah that is what i do.... sometimes u get stopped with too tight spl

   glcfx posted:
   

   Splexin posted:
   Uhmmm......100 pip SL and 20 pip TP? 😲

yeah that is what i do.... sometimes u get stopped with too tight spl

Yes trust me I have experienced being stopped out with tight stop only to have price return in favor......but I mean, have you tested perhaps a better TP?? Like walker said, one loser would wipe out many winners.......

   walker36 posted:
   a very fast look you have a 1/5 RR ratio.
trades opened at >21 <24 reminds me asian scalpers.
Expectancy: 18.1 Pips / $90.16 shows you loaded trades with leverage and high lot.
system has to be very good about algo. or 2 loss will take away 10 winners.

if you tell us about your logic in general then ı can tell you more.

hope it works.

its ratio 1:5 the maximum loss in a day is -80 pips i.e +20 -100 pips

I assume that you have a BT for the system. what are the results of BT s?

   glcfx posted:
   

   walker36 posted:
   a very fast look you have a 1/5 RR ratio.
trades opened at >21 <24 reminds me asian scalpers.
Expectancy: 18.1 Pips / $90.16 shows you loaded trades with leverage and high lot.
system has to be very good about algo. or 2 loss will take away 10 winners.

if you tell us about your logic in general then ı can tell you more.

hope it works.

its ratio 1:5 the maximum loss in a day is -80 pips i.e +20 -100 pips

   Splexin posted:
   

   glcfx posted:
   

   Splexin posted:
   Uhmmm......100 pip SL and 20 pip TP? 😲

yeah that is what i do.... sometimes u get stopped with too tight spl

Yes trust me I have experienced being stopped out with tight stop only to have price return in favor......but I mean, have you tested perhaps a better TP?? Like walker said, one loser would wipe out many winners.......

a loser only wipes out a winnings u know and to me its a good deal

   glcfx posted:
a loser only wipes out a winnings u know and to me its a good deal

How does it only wipe out winnings? What if the first two trades are losers?

I advise you to code it and see the past performance. this will save you wasting your time in the case of a loosing system in a long period.

other then no comment is important. or you will wait to see the results. but unfortunatelly 2 -3 - 6 months FT results even not enough.
the best example is Genial İnvest.

system can be very good and profitable. but it does not mean anything unless thats proofed.


walker

   Splexin posted:
   

   glcfx posted:
a loser only wipes out a winnings u know and to me its a good deal

How does it only wipe out winnings? What if the first two trades are losers?

even if the first 2 are losers it cant wipe out my account that will be just -16% with the current settings