"Just Oil"

Apr 29, 2011 at 16:28
48,925 Views
1,794 Replies
Member Since Jan 14, 2010   2299 posts
Apr 06, 2012 at 11:20 (edited Apr 06, 2012 at 11:20)
you can see that my entries were somewhat late. cause I was not at home or in front to PC when best entry points were made, so, no trading for now. I will connect demo to myfxbook too for 1 month before going live. then it will be trading.
xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 06, 2012 at 11:31
if you want I can give you my EA and you can trade manually also during the weekend fast forward. and test your self.
Member Since Jan 14, 2010   2299 posts
Apr 06, 2012 at 11:35
Steve, thanks, I think anyway I gotta do things myself. At this time I think it is time for deliberations and planning. Patience training LOL 😁
Member Since Jan 14, 2010   2299 posts
Apr 06, 2012 at 11:36
BTW, when are you going live? I think if you work with higher time frames you can move live earlier. cause less risk for your money. I do not mean dailies but say 1H, no?
Member Since Jan 14, 2010   2299 posts
Apr 06, 2012 at 11:37
going to the gym and my wife is taking over PC. 😞 will respond at late night.
xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 06, 2012 at 11:39
np. due this EA capture the keystrokes I can trade during weekend and test different strategies manually. it is quite complicated but works well. currently I am trading manually on 2011 with faster bar movements.
future if you want I can send you and teach you how to setup.

walker
xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 06, 2012 at 11:41
I hope soon.
I had messed up with 1min due high cost and personal idiotic trades. mental issues.
see you

   Chikot posted:
   BTW, when are you going live? I think if you work with higher time frames you can move live earlier. cause less risk for your money. I do not mean dailies but say 1H, no?
Member Since Jan 14, 2010   2299 posts
Apr 07, 2012 at 15:17
Exactly, I think moving to higher time frame might improve results. Lower time frames require a lot of attention and very high level of self control. i personally can trade 5-15 min when I have time as I shown last summer but it is pretty stressful and I am not that young. I hope my swing trading plan will work this time as I am getting better at understanding what and how markets move. I personally would prefer to swing trade rather than day trade.


   xenon posted:
   I hope soon.
I had messed up with 1min due high cost and personal idiotic trades. mental issues.
see you

   Chikot posted:
   BTW, when are you going live? I think if you work with higher time frames you can move live earlier. cause less risk for your money. I do not mean dailies but say 1H, no?
xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 07, 2012 at 15:36
no way for me. I cant swing:)
Member Since Jan 14, 2010   2299 posts
Apr 08, 2012 at 15:15


why not to try it? you can code and get statistics for certain set ups easily. Had I been able to back test like this things would be much easier for me.


   xenon posted:
   no way for me. I cant swing:)
xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 08, 2012 at 16:01
Chikot

I had tested over 1000 s or may be 10000 s of different setups in last 3 years. what is good for Long is good for Short after some bars/Hours/Days. believe me.

I had many EA s that work for certain time period. but does not work for all.

Eg. search Robin Hood Fund. their EA coded on basis of 'İf price move certain PIPS EA opens trades same direction and willing to move the price their favor. reverse of MDP.

they did good profit in 2011 but then suddenly start loosing.
the reason is simple.
when I BT 2011 price makes very fast and extended moves to one direction. but in Last 6 months it is not. for now it is not as wild as it used to be in 2011 EA failed dramaticly.

Why I stop coding EA and start manual trading again with EA help is this. trades must adapt the market mood. we have been discussed that topic with you. Human brain can adapt faster. but the issue is the mental control.

So I am focusing on that and working to fix it with smaller time frames with high frequency trades regarding to the 1 H or bigger charts.

xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 08, 2012 at 16:07
the EA I am using wright now is NOT MAKING ANY DESECION for Trades.

It is
- handling the SL TP
- checking some broker manuplations and tricks
- drawing TL s
- telling me what crossed what
and some other features.

So I can only focus on trades and chart.

desecions are taking by me.

xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 08, 2012 at 16:11
here is the link of RobinHood
https://www.myfxbook.com/members/RobinHoodFund/robin-hood-pamm/108473

Winsor systems are the same. had a good profitable period then a very dramatic lost.

MDP already stop working. due extended price moves are ended for the time being and when price move does not extended the rectract is not enough to make profit.
most probably for FGB will start a flat or down trend.





   xenon posted:
   Chikot

I had tested over 1000 s or may be 10000 s of different setups in last 3 years. what is good for Long is good for Short after some bars/Hours/Days. believe me.

I had many EA s that work for certain time period. but does not work for all.

Eg. search Robin Hood Fund. their EA coded on basis of 'İf price move certain PIPS EA opens trades same direction and willing to move the price their favor. reverse of MDP.

they did good profit in 2011 but then suddenly start loosing.
the reason is simple.
when I BT 2011 price makes very fast and extended moves to one direction. but in Last 6 months it is not. for now it is not as wild as it used to be in 2011 EA failed dramaticly.

Why I stop coding EA and start manual trading again with EA help is this. trades must adapt the market mood. we have been discussed that topic with you. Human brain can adapt faster. but the issue is the mental control.

So I am focusing on that and working to fix it with smaller time frames with high frequency trades regarding to the 1 H or bigger charts.


xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 08, 2012 at 16:47
have look at the 'diagonal' crossing through the cross points of up & down channels.
this may also called as '0' level and the lenght can be called current period.




Member Since Jan 14, 2010   2299 posts
Apr 12, 2012 at 08:12
I am not a fan of systems. I think there must be plans based upon probabilities, stop and profit that is bigger than possible loss and trader should be able to be flexible as situation changes. all comes to experience and self control.
I think mental part is being neglected.



   xenon posted:
   here is the link of RobinHood
https://www.myfxbook.com/members/RobinHoodFund/robin-hood-pamm/108473

Winsor systems are the same. had a good profitable period then a very dramatic lost.

MDP already stop working. due extended price moves are ended for the time being and when price move does not extended the rectract is not enough to make profit.
most probably for FGB will start a flat or down trend.





   xenon posted:
   Chikot

I had tested over 1000 s or may be 10000 s of different setups in last 3 years. what is good for Long is good for Short after some bars/Hours/Days. believe me.

I had many EA s that work for certain time period. but does not work for all.

Eg. search Robin Hood Fund. their EA coded on basis of 'İf price move certain PIPS EA opens trades same direction and willing to move the price their favor. reverse of MDP.

they did good profit in 2011 but then suddenly start loosing.
the reason is simple.
when I BT 2011 price makes very fast and extended moves to one direction. but in Last 6 months it is not. for now it is not as wild as it used to be in 2011 EA failed dramaticly.

Why I stop coding EA and start manual trading again with EA help is this. trades must adapt the market mood. we have been discussed that topic with you. Human brain can adapt faster. but the issue is the mental control.

So I am focusing on that and working to fix it with smaller time frames with high frequency trades regarding to the 1 H or bigger charts.


Member Since Jan 14, 2010   2299 posts
Apr 12, 2012 at 08:15
To have successful plan its foundation should be based upon right information.
something is temporary on the markets but something is permanent.
Member Since Jan 14, 2010   2299 posts
Apr 12, 2012 at 08:57
I like these words: 'Consistently successful people in any venture don’t have any secret that keeps them going except that they have learned to use their will power to get what they want. From will power comes perseverance, the doggedness to use your mind in any way to achieve your goals and not give up. Never give up. The same thing that got you back on your bike again after you fell down and hurt yourself when you were a kid is the same thing that is still available to you now. It’s the determination to get to that place which will make you happy. Your goal. That must be your focus. That must be the point where all your thoughts return to. Like an arrow to a bulls eye.'
xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 12, 2012 at 15:26
good words!

but there is a but;

think that way, if you are marketer you can discuss with your client and you can bring him to your idea. but in the market there is no such chance. will power can not effect market itself(client) in trading. So we need a referance point to trade. I think this must me most common tool that used by most of the traders to find a common point. it can be MA s or some other tools. but should be as simple as possible. then will power will effect our desecions according that ref point.

walker
Member Since Jan 14, 2010   2299 posts
Apr 12, 2012 at 16:19
Steve, it refers to trader developing like a trader and not giving up despite on set backs. it is not about markets... it is about trader's mind.


   xenon posted:
   good words!

but there is a but;

think that way, if you are marketer you can discuss with your client and you can bring him to your idea. but in the market there is no such chance. will power can not effect market itself(client) in trading. So we need a referance point to trade. I think this must me most common tool that used by most of the traders to find a common point. it can be MA s or some other tools. but should be as simple as possible. then will power will effect our desecions according that ref point.

walker
xenon
forex_trader_67750
Member Since Mar 01, 2012   173 posts
Apr 12, 2012 at 16:36
agree about the trader mind.

but the strongest mental man can not trade with cont loosing. it breaks at some point.
so they both has to come togather.



   Chikot posted:
   Steve, it refers to trader developing like a trader and not giving up despite on set backs. it is not about markets... it is about trader's mind.


   xenon posted:
   good words!

but there is a but;

think that way, if you are marketer you can discuss with your client and you can bring him to your idea. but in the market there is no such chance. will power can not effect market itself(client) in trading. So we need a referance point to trade. I think this must me most common tool that used by most of the traders to find a common point. it can be MA s or some other tools. but should be as simple as possible. then will power will effect our desecions according that ref point.

walker
Topic is locked
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.