- Search Crypto Craft
- 65 Results (64 Replies , 1 Comment )
- joelmusicman replied Dec 3, 2014
So I've still been watching Spyder's Tsunami PI EA, and it's clear that the entry strategy is important. I'm thinking about testing this with Aroon, combined with a short duration limit order. My EA coding skills aren't the greatest though...
- joelmusicman replied Dec 1, 2014
Thank you for brilliantly summing up the devil known as "price action" that has caused me many false entries with my finger on the trigger hoping to buy a "breakout" only to be stuck holding the bag as the idiot who bought at the very ...
- joelmusicman replied Nov 30, 2014
If its true that random entries could work just as well, it'd be a simple matter to test via EA back testing. Just build one with a totally random entry with 5 SL and 5 TP. Of course due to spreads the account has a negative expectation, but we'd ...
- joelmusicman replied Nov 28, 2014
Regardless of if the thread dies in a month or so, you have greatly affected the methods and probably the ultimate success of many traders here. I for one have watched many of my positions go from +30 pips to -70, and using your methods I know that ...
- joelmusicman replied Nov 27, 2014
I think he's made his entry strategy quite clear; wait for a major trendline break and then enter as it retests the old line as former resistance now turns to support.
- joelmusicman replied Nov 27, 2014
Not sure I follow. Are you talking g about "fading" the break?
- joelmusicman replied Nov 25, 2014
I've thought about that as well. Since the trade is "safe" (before possible slippage) then taking some extra off the table would be prudent. Since the goal is to have "runners" we'd want to get less aggressive about moving the stop after BE.
- joelmusicman replied Nov 25, 2014
Not necessarily... Just look at USDJPY the past few months. With how fast it's been rocketing up without any notable retracement (yet), I'm sure a few well-timed buys could still be open from 108 or so.
- joelmusicman replied Nov 25, 2014
Another thing I forgot about: with such a tight stop, the fact that metatrader simulates tick data from 1m could have a dramatic impact on backtest results (a hypothetical 1000 pip winner might have actually been stopped out in reality).
- joelmusicman replied Nov 25, 2014
a) true, but the theory is that eventually you'd have multiple positions riding the 1000 pip move so the gains would be exponential. b) Possibly, but that should go hand in hand with the method of entry. c) Perhaps, but the tiny losses is essential ...
- joelmusicman replied Nov 25, 2014
I think MKFX was worried that us getting very far into the weeds would eventually cause Fezmar to disappear. After all, he has a method that works *extremely* well for him and he is being gracious enough to share it with us. I know that I for one ...
- joelmusicman replied Nov 25, 2014
I agree. The method itself is interesting, but I love Fezmar's writing style and humility as well.
- joelmusicman replied Nov 25, 2014
It is extremely interesting, and if Spyder's EA can prove that randomness is even "almost as good" as your manual order placement, that would imply that the money management is the secret to your success! Taking that thought further, if it's nothing ...
- joelmusicman replied Nov 25, 2014
I think the most interesting thing about this concept is that effectively, the goal is to eliminate risk as quickly as possible. It's the polar opposite of the philosophy of giving "breathing room" to eventually turn a trade into a positive one, as ...
- joelmusicman replied Nov 25, 2014
Clearly someone else is also not reading. Check page 16. Edit: Page 18, post 349.
- joelmusicman replied Nov 24, 2014
I never suggested that someone else should "do it for me." I'm really admiring the concept overall, and as Fezmar said himself, it'd be an interesting experiment. With the extremely tight risk parameters, even random entries stand a chance of ...
- joelmusicman replied Nov 24, 2014
Finally read through to the present. I think the major key to this strategy is the very high R:R ratio, as well as the tight SL. Therefore, I imagine an EA could be programmed quite easily to take advantage of this. Even in the US, an identical ...
- joelmusicman replied Nov 24, 2014
Subscribing. Amazing thought process and this thread got me onto the other millipede type systems. Your quote reminds me of something that I firmly believe: If it's successful, it's not for sale.
- joelmusicman replied Nov 12, 2014
Just like eBay bid sniping, I never use round numbers for my SL/TP orders... Case in point, the EU failure to hit 1.2500 this morning by a pip or two.
- joelmusicman replied Nov 4, 2014
Yeah you're right. It must've been someone hacking my account as I am only good at losing money! On a serious note, as long as we stay below 1.2650 or so, I think an impulsive decline to the 1.22xx area is probable. I think PA will wander around ...