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Posts by cateful

JZ Prop Account In Trading Systems Dec 31 2009 at 05:37
[quote]arezab posted: Nice growth. Congrats. Do you trade higher time frames like H4 or higher? Because I see the growth is pretty choppy ... big losses and big profits at once. Do you hold your trades for several days? [/quote] Thank you. I look at daily mainly. What do you mean by big losses? I always thought I controlled my loss quite good. Also on the growth chart you see periods of non-growth that's because the growth chart is calculated by balance not NAV. Holding time could be several days to several weeks to several months. If you look at my monthly stats, you will see I wa...
must have In Experienced Traders Dec 30 2009 at 12:37
Personally I think reminiscences is the best, it talks about everything, greed, fear, emotions, everything, I've read it probably 5 times over. The Market Wizards series are great, too. And another one isn't about trading. It is a history book which I recommend because I believe you will get a lot out of it: Extraordinary Popular Delusions and the Madness of Crowds.
Free Trader In Trading Systems Dec 29 2009 at 15:56
no problem, mate! You're almost there:) Keep up the good work!
Free Trader In Trading Systems Dec 29 2009 at 15:20
oh I meant his average loser is bigger than average winner, and his worst trade is bigger than his best trade. The problem with this is he has to be right more than 50% of the time to make money. This is very hard. He simply needed to make his winners bigger and losers lighter, so that he can be right only 30% of the time and still make a lot of money. This becomes important when he hits a losing streak. There are a number of systems here on myfxbook that make money by taking many small wins and occasionally hits a big loser. I'm not a fan of this. Somewhere along the line they will hit a ...
Free Trader In Trading Systems Dec 29 2009 at 14:43
good stuff. I would add that you may want to work on your winners.
If the open trades are locked... In General Dec 26 2009 at 18:06
Also I do not believe there is a profitable EA available in the public realm. Markets usually have negative expectancy because the bid/offer spread. So statistically, if your winning trades = losing trades, you have to be right greater than 50% to break even, in the long run. That's about what the best trader at Tudor can produce. You also must overcome the volatility in randomness. Let's say your system has 70% win rate given win trades = losing trades. Giving certainties is 99.9%. N= log(1-.999)/ log(1-.70). solving this we get N=5.7. This number tells us that for every 1000 trades...
fionas sofa In Trading Systems Dec 26 2009 at 17:30
[quote]pc8multifx posted: i never scalped.. when u see the a trade stopped out on a price that never appeared on any other broker platform u can be assured this is stop hunting i know what i m talking about , i m long enough in the business if u still don't know about brokers plug in software to flag u out, u should be very careful [/quote] how far away was the price from the other brokers? If it's a few pips, it is acceptable. Like I said you should expect slippage and broker can quote you whatever price he wants to. If you don't want to deal on that you simply say &qu...
fionas sofa In Trading Systems Dec 26 2009 at 16:07
[quote]pc8multifx posted: U seems really heavily frustrated... I remember I was in this bad mood after my first years of manual trading, loosing some small accounts . At this time i didnt realize the broker(CMS) stop hunted me to death, besides other dirty tricks. I almost gave up on forex trading. I m glad i didn't. I changed the broker and started trading EAs and guess what? Since than i made money [/quote] First of all a broker could never "stop hunt" you. When you send an order in it goes straight to the execution desk for filling. What they have is a price and size. T...
If the open trades are locked... In General Dec 26 2009 at 15:01
[quote]pc8multifx posted: ...I just don't wanna give the lurkers here an insight view of the successful strategy. There was a lot of work to do to make these EAs full adaptive to all market conditions... [/quote] I personally don't care if someone copies my trades, I make my return and you make yours, that's none of my business. There's plenty of money out there. I mean if someone asks me how I trade, I have no problem telling him that. See my props account's discussion page. I looked through all your systems listed here, if you're managing accounts please be very c...
If the open trades are locked... In General Dec 26 2009 at 09:29
I agree. Anyone who's interested in buying a profitable EA, here is a question you want to ask before you swipe your credit card: Would anyone sell you the goose that lays golden eggs? Maybe the eggs, but never the goose. Do your own work, put in a few years in this business and you have greater chance of seeing the light. Try read a lot. A LOT. Read the news, read the industry journals, read The Economists, read the well-known trading books, read the Fed reports, read the NFP numbers, read the prices, read everything you can get your hands on. And maybe then you will have this bulb...
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.