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I have what I believe is a winning automation and would like your opinion
Iepriekšējās 1 2 Nākamais

Biedrs kopš Sep 04, 2009  17 ieraksti Like Fx (like2fx) Dec 05 2009 at 02:35
Transparency & Consistency will get you across this minefield .. not a confusing list of juggled results. Take care.

Take it easy ..

Biedrs kopš Sep 04, 2009  879 ieraksti pc8multifx (pc8multifx) Dec 06 2009 at 00:43
dont get it... two days before the release of your holy grails u get concerned about them?eek


Biedrs kopš Oct 25, 2009  112 ieraksti LEHayes2 Dec 07 2009 at 11:13

Elkart posted:
    The open floating systems are all doomed to failure. It's impossible for them to work. And unfortunately if you look at all the 'top' systems on myfxbook that's what's hanging around there. Just spam essentially, to the point where it makes the system evaluation almost impossible. I'll show you 10 000% a year simply but not closing the losses.

Your systems are retired when they're up and then shown as a good result. Some have run only 3 days, others have big draw downs for mediocre growth. Others have large unrealized positions...

That just pisses me off. Basically you're misrepresenting what's happening in your systems. To what end I'm not sure, but the first day a 30 % draw down arrives you're going to have pissed off clients on your six.

Lets have quick look:

BBW Scalper (DBuch 80702) retired 30 days - profit 8000, open losses 10 000, but retired so that's ok, was up when it retired? 20% down...
BBW Scalper (KBuch 80706) retired 30 days - profit 1105, open losses -500, no losing trades, 30% profit. Of course when we deduct the losses the picture changes a bit, like say 10% with 30% drawdown, but that's ok, because that one is also retired, doesn't count any more.

Here's nice one

BBW Scalper 3.9.8 Pro(Vondale 3k 95846) - profit 594, open losses -917, up 20% only 20% losing trades, this thing is -30%

All those are posted on your website with a nice growing graph?

It doesn't look so good from where I'm sitting. Looks to me like they're mostly failing in fact. I'm not going to go through the rest cause they all look like that.

Why don't you just delete all 40 and run the one you think works for a few months and then potential investors can get a coherent realistic picture of what's really going on.

Here's a basic question, what growth do you expect and what's the draw down going to be when you finally start closing those danglers...? Don't know hey, cause its all dynamic....

Heard that before.

I like your feedback. Much better than the twist of attitude. I did figure out that the drawdown was an issue in 3.9.8. I did go back to the drawing board and added tools to help releive the tension of the drawdown. The 4.4 verion does close losers in a moderate fashion. I have been trying to find good research that would show a good way to manage the drawdown. Everything from improving the the accuracy of the opening trades, to pausing trades for more time to allow trades on drawdown to close and I even tried to close trades that were the largest on every new candle. Still trying to make it happen. So far the cash collector is doing a decent job on a per chart basis. It closes negative trades when the positive trades reach a specifc pip value. This way the positive trades outweigh the negative trades.

Now if you have a suggestion on how to do it cleaner, I am all ears. I am not trying to win the GREATEST EARNINGS percentage award and I am not out to brag about how much percentage I am racking up, I am more concerned about a stable program that provides a steady flow with good protection to the investment. So if you would like to present me with some options that would work I would be happy to build it and test it to see how it works out.

BTW: I haven't finished collecting the data results from the retired automations. About 2 weeks ago, I had business events that caused me to get too busy trying to get higher priority things done than dealing with retired reports. If it makes you feel better, I can remove them from the list.

serve many people and your reward will come to you in many forms.

Biedrs kopš Dec 25, 2009  11 ieraksti Forexellent (maanoo) Dec 26 2009 at 11:38
If you can invest $100k using this system and feel comfortable then go ahead and do it. twist

The trend is your friend.

Biedrs kopš Aug 01, 2009  941 ieraksti Elkart (Elkart) Dec 26 2009 at 13:54
It would yes, run a good clean one.

Chang beer is evil.

Biedrs kopš Dec 31, 2009  141 ieraksti T. Buitendyk (tbuitendyk) Mar 24 2010 at 19:18
I was just on the InvestorsHaven website and I cannot tell if it is still active... But I do see a number of his scalping set-ups running as MyFXBook set-ups. Does anyone know if he is still running this as a successful business?

Just curious, that's all...


Gear on the left...
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