Winsor's Five Trading EAs in Real Time

ForexRefuge posted:
 So in essence,i will advice every trader who finds it hard to trade with discipline to code his/her trusted trading method but if there is none then settle for a good EA and stop wasting time and money on this business.

Over the years,i have cometo realise that it is almost impossible to succeed in this business trading manually.

You are bound to be ruled by emotions such as greed(Problem perculiar to professionals) or fear(for newbies/non professionals).

ForexRefuge, I totally agree with you. I came to the conclusion that forex trading is 70% psychology, 20% mm, and 10% method. By using the EA, it can remove the psychology which is a large part of the equation.

This is why traders still lose all their money despite all the good signal providers and chart analyst around.

Price action have been coded to move at random and it is this randomness that makes it almost impossible for manual traders to make consistent profits.

EAs don't have emotions,they simply follow simple entry and exit rules and greed is never a problem because minimal lot sizes must have been inputed.

But many traders still need to get good education on What EAs are because many traders still see EAs as dangerous robots that are bound to crash your equity.

This is not so; EAs are simply mechanical trading method put in codes. You can turn your trading method into EAs no matter how complex your method is and it will trade just like you but with more accuracy simply because it is emotioness.

You will have time to live your life and make good money at the same time.

Ask many manual traders to show their account statement and you will see that one out of a thousand traders will have a good profit record. Lets be wise friends. Turn your method into EAs and be free from forex trading Bondage.And if you don't have a personal profitable trading method then you still have some work to do.

ForexRefuge,

I don't think that people will give up manual trading as it is an adrenaline rush. It is much of a good thing similar to gambling additions and the manual traders will never admit it.

😐 too bad

So, trader should control your emotions and greed. Good trader actually trades like machine with human brain but no emotions.
People do not realize but letting machine do human things they finally will get what they deserve.
We live in the age of pigmies. I hardly see any outstanding personalities around. What is so hard to control emotions while trading? Is it easier to go and fight with sword in hand risking life ?

Chikot posted:
    So, trader should control your emotions and greed. Good trader actually trades like machine with human brain but no emotions.
People do not realize but letting machine do human things they finally will get what they deserve.
We live in the age of pigmies. I hardly see any outstanding personalities around. What is so hard to control emotions while trading? Is it easier to go and fight with sword in hand risking life ?

Good traders trade like machine i know but how many? i guess one out of a thousand.

To prove there is nothing hard in controling emotions,just ask a thousand manual traders to show their live trading statement then draw your conclusion.

As a trader,i have come to know my weakness and that is Greed. I could tell you where a trend is heading with 80% precision but if i decide to place a manual trade on that,i will allow overconfidence to make me place crazy lot then random moves starts then the problem begins. Working away from the chart won't do any good because any crazy move may occur in less than a minute so i have to babysit the trades which i found very tasking.

I have tried over the years to overcome this but i just can't but with the EA, the problem is solved as i can take a vacation for weeks knowing that my positions are very safe.

All you need is to get a good programmer that will code your method to trade just like you and we have good ones around.

So the truth is that there are traders who have mastered their emotions but very very few so for the rest of us who can't,i believe the best bet is to settle for automated trading. Thats my take.

The thing is I have no strategy but my gut is getting better with time and experience.
In the beggining I exper4einced horible emotions swings.
I remember feeling huge adrenalin rush even shaking, hope fear the whole panopy of emotions.
But at the moemnt I feel no emotions at all when opening closing trade.
It is interesting but in December/ January when sufffered a huge losing streak on real money, I lost all my winning for previous 4-5 months plus 6-7% more. I was losing and losing and I was no emotional at all. I was cutting losses and letting profits run which they did not, lol. The problem was that I tried to use other people brains to trade.
This actually helps me now a lot. It helps me to evaluate situation and when I make wrong decision in the begining I am ready to do the opposite. The first sign of emotional trading is moving stops with hope that price will come back, adding to losing position to average down or up, failure to see what is really going on. there is a lot more but this is one of the most important caus eit is what ruins accounts.

I believe that this civilization is making majority of people stupid. It is all about comfort and convenience. It is not about slef improvement but about various crutches. I do not need to go far. I see daily school bus bringing children from school.
They behave like ones who do not understand that there is pain and danger in the world. some of 5-7 years old unless their momies come walk around driving part of the road like zombies not knowing where to go and what to do.
When I was 4 years old, my dad had to look for me everywhere and found me at coal pile throwing coal lumps at other children.
But I and other guys were running around with no momies or baby sitters watching for us and we knew where we live and could do all kind of things ourselves. The most important, having no TV and not much toys we were able to entertain oursleves.
Thsi school bus thing for example. Considering the number of overweight children do we need school buses?
I used to walk daily alone 4 km to school and 4 km back via another rival school and where I lived it usually meant dealin with guys from another school...
I think making it easy in all parts of our life does not make it good. This is why children brought up with convenience and comfort turn into tarders who cannnot learn to control themselves.

Chikot posted:
I think making it easy in all parts of our life does not make it good. This is why children brought up with convenience and comfort turn into tarders who cannnot learn to control themselves.

Anyone can buy and sell, but only a handful can make money consistently. Everyone can meditate but how many can sit still for one hour? I have seem to peak at 45 minutes and am unable to mediate beyond this. Things are easier said than done. It will take 5-10 years years or maybe a life time to master your emotion.

Every trader should know that EAs are trading tools similar to trendlines and fibos. Understand the tool, know its strengths and weaknesses. Use it to your advantages as it may compliment your weaknesses. Twenty years ago, I did not know that I wanted a microwave, but today I can't live without one. Resistance is futile, you will be assimilated.

Winsor, I guess you have been watching too much of Star Trek Voyager. But as you remember Borg were not able to assimilate Voyager's crue.
I remember as child I was reading very optimistic and really well written book ' 2000 and beyond'.
There were so many predictions about wonderful progress we would have but in reality practically nothing has come true outside of your microwave, ipods and other gadgets that make life of modern man more fun and promote overall decadence.
I believe that our romans with all things high tech and convenient are setting us for rude awakening. Whenever we are having problem we are trying to resolve it by making things more complex that they should be thus increasing complexity and complexity is what entrophy eats for breakfast.
I do not think grown man needs 5-10 years to learn to control emotions unless the man was grown in a modern way when any adversity calls for immediate resolution by way of creating new gadget to address this adversity.

Chikot,

I think that you are missing the point. Do you have a microwave in your house? Do you have a digital converter box for your high definition TV? Do you have compact fluorescent light (energy saving light) or are you still using incandescent lamp? 15 years ago, we may not hear of these technologies but they all widely used now. Only in the movies, where the good guys always win. It is the social pressure of society that will assimilate you. Honestly, if the banks start buying up profitable trading EAs, it will start a new business trend immediately.

Hoang, I think it is you missing the point. EA doe what it is told to do. Any good manual trader can trade better than EA. To keep EA working there must be a team of programmers along with good tarders. so, what is the point , instead to just let good traders trade and make money waste energy , time and resources to creat something that good trader can do anyway. I understand it takes some mental efforts so that trader becomes good in controling himslef but isn't it simpler than to try and mimic his behavior by creating some complex robotic systems?

Banks have been employing algos for some time. I knew a guy 3 years ago who worked for the company who created algos for big banks's trading departments. It is a constant work requiring big resources.

+28,910 pips after 13 months of trading updated June 17, 2011

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very very good. You seem to bake those pips in your oven for breakfast, lol.
btw, are you day trading or swinging or position trading?

Chikot posted:
    very very good. You seem to bake those pips in your oven for breakfast, lol.
btw, are you day trading or swinging or position trading?

My software are swing trading i.e. SL 100 pips, TP 260 pips. The software can hold a trade as long as 2 weeks.

Hı Winsor

what I anderstood ıs you do not sell the EA but you sell the trade sıgnals
Please advıse
regards
walker

walker36 posted:
    Hı Winsor

what I anderstood ıs you do not sell the EA but you sell the trade sıgnals
Please advıse
regards
walker

I am leasing my software. If you account is less than $2,500, it will be $33 per month else it is $98/month. It will run on your account and perform all the trading. During the process, you can log into your account as normal. You can open, close, and modify any trades opened by the software and you are still in full control.

thank you Winsor

your results are good. but the ıssue ıs I dont have any ınformatıon about your tradıng system and eg.. ıf I have an account for 5000 usd what ıs your lımıts for opennıng orders regardıng the Lot sıze or what ıs your stop loss and take profıt targets.

please advıse
regards
walker