Is forex gambling?

' thinks you're lower than a snakes belly!! '

I've been told that before by a lot better people than him. Actually, I think it went 'lower than whale Sh!T'.

ForexAssistant posted:
You can gamble on the forex market if you want to but it doesn't have to be that way. Check out the win/loss ratio on on this EA. This at least is not gambling.

https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913

Note; this EA will no longer work with US brokers. Another outcome of our screwed up government hurting Americans. Americans, free yourselves of this outrage, vote for the 3rd party of your choice.

Ok back to where we were before Junior Zero showed up and lit my fuse. It's obviously a grid trader but what is it?

Bob the whinging flop...making every excuse to blame everyone but himself for his failure lol...if you're not happy in Tankville go to India where they are as intellectual as you, no one will ever know you're American ok demo king!

@forexpipcatcha

lol @ lastfloponearth Nice pic of you but you didn't shave

Well, this is entertaining.

'Ok back to where we were before Junior Zero showed up and lit my fuse. It's obviously a grid trader but what is it?'

It's called a split grid, it takes advantage of the normalcy that exist only in the forex market. Stocks can rise forever because the fed can devalue the dollar. But in the currency market all currencies are devalued more or less in sink with each other so as you look at any currency chart, you can see how they dance around the center between the two historical limits. By using a grid, we can know exactly how much we need in the balance to cover that currency pair. We switch from buy to sell in the center between the historical limits. Buy on the bottom and sell when the price is above center.

We know that a change of one pip at .01 standard lots will change the equity by .10 of what ever the first listed currency was. If we use a grid size of 100 pips then our .01 trade will make or add to the draw, (100 X .10) = $10 per range. Now all we have to do is add the total draw of X number of ranges.

If we open one buy trade for .01 lots at at center and the price drops 100 pips, our draw down will be $10. It isn't a loss until it is closed but we don't have to close it just yet. Let's suppose our currency has 4,000 pips from the lowest low, (historical low), to the highest that the price has reached since the forex market changed in 2001. 4000 / 2 is 2000 pips from center to the historical limit. 2000 pips / 100 pips per rang gives us 20 ranges up and 20 down. Each range will add a draw of $10.

When the price drops 100 pips we will have a draw of $10, at 200 pips we would have a draw of $20 from the first trade and another $10 for the second for a total draw of $30. A draw-down at the historical limit would be $2100. Use the grid addition formula (X times (X+1)) / 2 for our example x equals 20 ranges. 20 X 21 / 2 times the draw from one range of $10 equals = $2100 This amount will protect both the upper grid and the lower because there will only be one direction going at any given time.

Therefore if we limit our trade size to .01 lots and have $2500 in the balance to cover the draw, it is impossible to take a loss, no matter where the price is within the normal range between the historical limits. Don't forget to add in enough to cover the marginal reserve which at 200:1 is $5 per each .01 lots. We will have 20 so we need an extra $1000 for the margin, or at least $3500 in the balance. (We recommend at least $5000 to cover other stuff that is being glossed over here to save time and space).

Now the only thing left, is what to do when the price breaks the historical limits (there are 3 favored responses. Hedging, keeping extra money in the account for insurance and closing the trades at the historical limit and reopening one trade for the total closed (example is .20 lots when the price begins its climb back too center.

The system worked beautifully back in 2008 when all the markets were crashing we made 300% that year with zero losses. The program automatically adjusts for swap. It does not automatically adjust for interfering governments. If we are winning, the banks are paying us. We just got a little too good for the US. Politicians all on the take. Banks in charge of the economy. The usual gripes and complaints.

Thanks for taking an interest in our work. If you would like to read more about our other research projects, there is a lot more in the book Robotic Investing. I think the only place to get it at the moment is at thesafeinvestor.com It will eventually be back on Barns and Nobel and Amazon but we need a little more time for that.

These new mathematical systems, built for use by computers, (humans can't use these systems) are collectively called systemic trading systems. They are not technical nor fundamental and are only for use by computers.

Hope this helps,

Bob

PS, there is more info on our research page, forex-assistant.com There is nothing to buy there, it is just for informational use.

ForexAssistant posted:
'Ok back to where we were before Junior Zero showed up and lit my fuse. It's obviously a grid trader but what is it?'

It's called a split grid, it takes advantage of the normalcy that exist only in the forex market. Stocks can rise forever because the fed can devalue the dollar. But in the currency market all currencies are devalued more or less in sink with each other so as you look at any currency chart, you can see how they dance around the center between the two historical limits. By using a grid, we can know exactly how much we need in the balance to cover that currency pair. We switch from buy to sell in the center between the historical limits. Buy on the bottom and sell when the price is above center.

We know that a change of one pip at .01 standard lots will change the equity by .10 of what ever the first listed currency was. If we use a grid size of 100 pips then our .01 trade will make or add to the draw, (100 X .10) = $10 per range. Now all we have to do is add the total draw of X number of ranges.

If we open one buy trade for .01 lots at at center and the price drops 100 pips, our draw down will be $10. It isn't a loss until it is closed but we don't have to close it just yet. Let's suppose our currency has 4,000 pips from the lowest low, (historical low), to the highest that the price has reached since the forex market changed in 2001. 4000 / 2 is 2000 pips from center to the historical limit. 2000 pips / 100 pips per rang gives us 20 ranges up and 20 down. Each range will add a draw of $10.

When the price drops 100 pips we will have a draw of $10, at 200 pips we would have a draw of $20 from the first trade and another $10 for the second for a total draw of $30. A draw-down at the historical limit would be $2100. Use the grid addition formula (X times (X+1)) / 2 for our example x equals 20 ranges. 20 X 21 / 2 times the draw from one range of $10 equals = $2100 This amount will protect both the upper grid and the lower because there will only be one direction going at any given time.

Therefore if we limit our trade size to .01 lots and have $2500 in the balance to cover the draw, it is impossible to take a loss, no matter where the price is within the normal range between the historical limits. Don't forget to add in enough to cover the marginal reserve which at 200:1 is $5 per each .01 lots. We will have 20 so we need an extra $1000 for the margin, or at least $3500 in the balance. (We recommend at least $5000 to cover other stuff that is being glossed over here to save time and space).

Now the only thing left, is what to do when the price breaks the historical limits (there are 3 favored responses. Hedging, keeping extra money in the account for insurance and closing the trades at the historical limit and reopening one trade for the total closed (example is .20 lots when the price begins its climb back too center.

The system worked beautifully back in 2008 when all the markets were crashing we made 300% that year with zero losses. The program automatically adjusts for swap. It does not automatically adjust for interfering governments. If we are winning, the banks are paying us. We just got a little too good for the US. Politicians all on the take. Banks in charge of the economy. The usual gripes and complaints.

Thanks for taking an interest in our work. If you would like to read more about our other research projects, there is a lot more in the book Robotic Investing. I think the only place to get it at the moment is at thesafeinvestor.com It will eventually be back on Barns and Nobel and Amazon but we need a little more time for that.

These new mathematical systems, built for use by computers, (humans can't use these systems) are collectively called systemic trading systems. They are not technical nor fundamental and are only for use by computers.

Hope this helps,

Bob

PS, there is more info on our research page, forex-assistant.com There is nothing to buy there, it is just for informational use.

Hey loser you just described a losers system for many reasons. Firstly if you go into DD then you are losing wether you think you are or not the DD is still there it doesn't matter if you closed the trade or not. That's the first mistake. Secondly you are assuming market moves in the future as it did in the past. They (brokers, system makers etc) clearly tell you that any past results don't mean you will have the same in the future. The only thing in your favour brainless is if you make the DD very small compared to your margin you are hoping to survive the cycles. This system you describe has been around for decades nothing new and it's called cycling using grid. Hence why you still are poor lol this system will catch you out sometimes on about 2% of the time you will go into BIG DD. Most traders set the trade size so big the large DD will wipe out the account when the banks sniff your fat ass is in danger lol. that's why your not doing it anymore and making every excuse that the politicians are to get you lol. The fact is that it just happen to work for that period until that 2% came up and that's why your not a millionaire now.

I can see your knowledge is ancient and it certainly isn't 'new mathematical systems' foolish one. I was once playing with this kind of rubbish a decade ago but good' try and hope' system and you would probably fool all the dead heads here like yourself. It's old school KID, there is better.

Now, you're a liar on top of bad manners. And a chicken, we are trying to find some redeeming qualities for you here but you're not helping.

ForexAssistant posted:
Now, you're a liar on top of bad manners. And a chicken, we are trying to find some redeeming qualities for you here but you're not helping.

:)

Some people only exist as a warning to others... even if they don't know it. Nice to see the cocky, ignorant halfwit refuse the challenge. He showed his quality there.

His face could easily be on condoms, and everyone would know why they should use one.

You two fools blame everyone for your stupidity... just because your knowledge is limited it doesn't mean the world is as stupid as you. Look it up fool you will see cycling existed before your pathetic birth.
As for Ironbrain the water and sun rusted his brains at birth. Your existence is for the same reason we have insects lol you and your kind will always exist for the picking fool.

What's funny is you are trying to I would say trick these poor people that come here looking for a successful system lol. I'm guessing your a scammer and you have a motive to scam some in some way.

I think it is time to totally ignore Juniors tantrums. He's not a teenager he's a 3 year old throwing a fit after having his ass spanked by an adult. Time to send him to his room and stop talking to him.

WOW the dumb Kangaroo is here. Did they let you out of jail today silverfishhead to do your daily visit lol.
I must admit you have no value added to anything in trading or life, so go back on the grog gronk.

Bob you ROCK!! Thanks for that. Kudos on your work. Appreciate your input. Apologies for the bad behaviour of Junior he's an embarrassment.

If I'm understanding correctly Rise should be treated like a Life Annuity where the initial deposit (or at least a percentage of it) should be considered as sunk capital and will not be available for withdrawal in the investment cycle (It's an Investment method not a Trader LOL if only Junior would pay attention) but all earnings can be continually extracted as income without depleting the efficiency of the EA. In other words there is no compounding in the model you are using and the growth shown would be the same if all profits were withdrawn.

Am I getting it? If so I think it's another tool I'd like to add to my kit!!

Ok found the compounding option!! 😀 It can be used both ways!!

Bob Rise looks stable and reliable but Phoenix is no where near as good.

I'm sure there is a very good reason I haven't thought of but is it not possible to set Rise to make only Sells and only Buys so that you could run two instances of it across two accounts with each account only handling one side of the split grid negating the FIFO rule? You would also need a visible indicator to tell the trader to transfer funds from one account to the other to keep the system in balance but from a stab in the dark initial look may be more stable than Phoenix for US accounts???

Sorry if I'm missing it but not being from the US I've never really educated myself of the challenges you guys face with small leverage and FIFO etc.

Just figured it out for myself!! Really does suck being on FIFO!!!!

Phoenix is my latest research program. I was checking out the dual recovery system but what it still needs is a better decision maker to determine buys and sells. Right now it just looks back until it finds a price that is a set number of ranges from the current price. If the first hit is for x ranges down then the price is increasing and we do a buy, obviously the opposite would also hold true.

This program is not for sale yet, it is available for demo testing because it was originally designed to work with the human trader, not on its own. However, I think we can eventually make a decision maker that is as good as the human ability, but no, we are not there yet. Anyone can down-load and try any our programs free for as long as they like. If it is a good fit, then the trader should know and make an intelligent buying decision. Right now the only programs that we have for sale is Rise, The Passive Income Generator (The PIG) and Pegasus. If you download the manuals for those programs, there is a better description of each program. The book 'Robotic Investing' is also available at theasfeinvestor.com but it's not free. Sorry.

But I am impressed Silverthorn, yes, Rise was designed to compete with annuities. But the difference is that with annuities after you die the insurance company gets the account principal while with Rise, all you have to do is wait until the price returns to center then you can have the entire principal back. Rise and the PIG are for retirement accounts so you can live in some exotic paradise and let the computer provide the income. Now you can see my motivation in this whole thing. Once I get $250,000 or more, I'm going fishing.

Bob

Precisely as I though this loser Bob and his peanut head followers are nothing but scammers wanting you to buy a license.
The truth always comes out fool...this guy is desperate for your money which is how he scams people out of their money.
As for his dumb follower Forexwaxhead he's just a stupid drunken fool who will lose his money using Bob's system then cry to everyone blaming everyone for his stupidity.

Check them out everyone lol... the scammers are there waiting to scam you. Oh and by the way watch carefully how this scammer shows only demo lol. THE DEMO HERO