Of course the winners are 1.3x losers. Reward goes first

1:3 risk to reward 1M/5M system

I don't get that whole R:R discussion. It depends on the system. Period. I've built a system that shows optimal profit in the long run when R:R is 1.3:1 and the win rate is 48%, and another one that shows optimal profit when R:R is 7:1 and win rate ...

1:3 risk to reward 1M/5M system

I haven't really done much in the department of the offered tools. During the last year I focused on building an automated system which has now almost finished but has nothing to do with Choros (it's based on the daily and is comprised of several ...

CHOROS System

Objective MA slope Hi, here's a simple indicator I have built to allow me to judge objectively the slope of various MAs. It calculates the slope of the MAs based on the percentage of price that the MA has moved between the pre-previous candle and ...

CHOROS System

Don't dismiss EA trading. It is all based on statistics. So, if you have STRICT rules and you have backtested a system over years or decades, and you are a competent programmer, why not create an EA to trade automatically for you? Of course, it's ...

What helped you the most to be profitable?

But when Greece and Spain won it, nobody knew they would need bailouts. So you can't predict who will win based on who needs a bailout. But maybe you can predict who will need a bailout based on who wins it. Even if it is Germany

Euro Cup 2012 winner heads for bailout?

I don't know who will win it but I want Spain to win. Simply because they still appear to be the best and I enjoy watching them more than anyone else. As for us (Greece) we play the most boring football than anyone else, but we don't care. We won it ...

Euro Cup 2012 winner heads for bailout?

Well done, this was a nice ebook. I trade somewhat like this, only that I don't use trendlines and indicators, and I'm really really allergic to fibs I also don't pay much attention to candlestick formations. So basically I'm trading simply ...

My E-Book about supply/demand trading - have fun

Like in so many other cases, I think that the motive should not be overlooked. To draw an analogy, we have "psychics" who know they are crooks and all they want is to scam people, and we have "psychics" who truly believe they have a "gift" and want ...

why do people share profitable systems?

You also don't need to find one that will be profitable over many years. You may find something that has been working eg for the last 6 months and keep using it for as long as it works. If it has a losing month, you could ditch it until backtesting ...

The life of a trading system on Forex Factory

The original Turtles System had very specific entry and exit methods, and that curve shows the return of the first system (20 day breakouts) over the years. So I'm not sure... why exactly I should not trust the curve ? There is further discussion ...

The life of a trading system on Forex Factory

Look at the second chart here.

The life of a trading system on Forex Factory

I don't doubt it. But I would bet that you must be doing something very very few EA programmers are doing, and it's not just the low win rate.

The life of a trading system on Forex Factory

Also: I suppose that by engulfing we mean that High >= Previous High and Low <= Previous Low ? I'm asking because some people don't take into account the wicks when determining which candle is engulfing.

The life of a trading system on Forex Factory

Manual traders wouldn't, but EA designers have backtested all kinds of win rates. If it worked in the long run and the drawdown was acceptable, they would have traded it.

The life of a trading system on Forex Factory

Ok, I'll make an EA to test this. Any pair will do ?

The life of a trading system on Forex Factory

Correct, I would also have a hard time believing that a trading genius would work for anybody other than himself, even with all the execution and arbitrage benefits than a bank would offer. But still, an aspiring EA programmer would have to compete ...

The life of a trading system on Forex Factory

That should be easily reproducible. Does the above mean that we are going long when we see a bullish engulfing candle in a downtrend ? Did they use stop loss and take profit, or does it only matter whether the next day is bullish or bearish ?

The life of a trading system on Forex Factory

Of course discretion CAN and DOES work. But as good our brains may be in evaluating complex patterns much more effectively than a computer, they are also equally good in playing games with us. One very common game that traders find too distracting ...

The life of a trading system on Forex Factory

Easily, if you care to define how exactly you plot your S/R levels: Do you take into account the higher timeframes ? How many candles back do you go searching for S/R ? How many pips/percentage of price/percentage of ATR does price have to close ...

The life of a trading system on Forex Factory