Haven't heard of that one, but then I'm not very well read, especially when it comes to robots. The original poster asked whether it was possible to turn $20k into $70k in 7 weeks, and all I was trying to say was, if you're interested only in short ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Agreed, w're restricted to TA-based criteria, although it would be possible to pass some types of economic data to the EA via an "external" file, i.e. a semi-manual process. Thanks again for your input. David

Is it possible to make 20k to 70k in short time (7 weeks)?

Ycomp, I totally agree that all competitions are about promotion, (1) for the vendor of the charting/trading package, and (2) are exploited by the competitors to promote their EAs. Since the competition runs for a limited time, the trade sample size ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Thanks, Jlpi, for confirming my decision. In hindsight, I realize that for the rationale to be correct, the theory of whether the price is debatably more or less favorable is irrelevant. Price could have instead moved beyond the breakout point, ...

Newcomb’s paradox revisited? (Trading context)

Giraia, thanks for your reply. I'm definitely NOT a genius, heck I'm not even consistently profitable...... yet. I did a search for the "Akuma99 is naked" thread, but couldn't find it, at least in the Rookie section. I also recall reading a Joe ...

Is the market random or not ?

Triphop, many thanks for your reply. This is a very "abstract" discussion, I certainly wouldn't blame you if you felt it was going nowhere. I definitely agree that it's keeping to a plan that equates to accomplishment, as opposed to a profitable ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Triphop, for me the key questions are: -- What criteria (variables) is Jacko using to recognise it, and hence are they rational enough to ultimately be "bottled"? (rhetorical question, of course I realize that the answer is for me to start by ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Exactly! Hence the reality is that there is no such thing as a "discretionary" trader. Every trade made is either the result of some kind of a rationale, or it is an irrational, random guess. -- If the former, then by studying enough of a ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Aegis, no disrespect intended, and no doubt you're making your statement in good faith, but this is incredibly difficult to believe. How can somebody not be able to explain what they are doing, and yet not have a single losing day in 10 years? There ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Ionline, no system offers a guarantee of +10 pips every day, if that’s what you’re asking. If you mean an average of +10 pips, then that is achievable, provided you have a method of entry and exit that gives you the necessary edge. It’s more ...

Any system that generate only 10 pips/day?

Scott, thanks very much for these links. Dopey’s post is a very thought provoking read. Since I can’t post in the Trading Room, I’ll respond here. Paper-scissors-rock is a game of trying to outguess your opponent. There are two thought streams in ...

Is the market random or not ?

Just discovered this thread courtesy of a link in Soultrader’s clinic. IMHO it depends on how one defines "random". The crowd sentiment that causes price movement is unquestionably the result of underlying rationale, but for me – as a technical ...

Is the market random or not ?

In my very humble opinion, there are two eye-catching posts in this thread: #15 by Mr Roboto #27 by Italian Sharp There are two reasons that they stand out to me. First, they state what should be completely self-evident. Second, they mirror the ...

Why do 99% of the people who wants to be traders fail?

Chyke, copy the .MQ4 files to your ....\Program Files\<MT4 broker name>\experts\indicators folder. Then re-start MT4. Press Ctrl-N to open the Navigator. The new indicators should appear in the list. Open the "Custom Indicators" tree by clicking on ...

pivot and resistance calculator

This post sums up my thoughts nicely: http://www.forexfactory.com/showthread.php?p=1835094 However, it goes without saying that everybody thinks differently. Each to his or her own. David

The secret within Forex trading

Dimitrius, If I'd made $1m from trading, I wouldn't be persuaded into stating it publicly, and I expect that many others feel the same way. Like Rabid says, it would likely attract a lot of negative attention. Whenever I see a post from some guy ...

Who's made a million dollars?

Not necessarily. As a general rule with any system, the lower the position size, the lower the risk of ruin. Also, the higher the expectancy, the lower the risk. I don't have the exact formula, but (assuming the same expectancy) the risk of ruin is ...

Just some food for thought...

FeelTheFX, I can't comment about your entries and exits, but check out the attachment below. It's the equity curve of a highly positive expectancy system. There are three curves plotted, each using the same entries/exits, and hence the same wins and ...

Just some food for thought...

Togu, this is incorrect because you've changed the $20 into 2000 cents. The correct formula is in my original post. Also, the Take Profit doesn't affect the risk, only the stoploss and the risk %. To look at it another way: You are willing to risk ...

Money Management question