RSI divergence — RSI divergence. Proponents of the indicator would point at the rightmost example on the chart - when there was a strong divergence between price movement and RSI (price ran up while strength did not increase proportionately) ...

How important is a knowledge of maths?

Hilmy would be right IF you asked, "what are the odds of drawing two reds". The first draw is 50/50 probability. The second draw is 1/3. 1/2 * 1/3 = 1/6. That would be the answer. However, the question was, "what are the odds of getting two the same ...

How important is a knowledge of maths?

Very often you get divergence between an indicator (such as CCI, RSI, stoch) and price. Price goes up and makes a higher peak, the indicator goes down and makes a lower peak. If the indicator is just a moving average, how could this be? It cannot, ...

How important is a knowledge of maths?

What a discussion! My 22 years as an engineer has, I feel, worked against me in trading. In engineering, you do the math, the world obeys. The numbers, the physics, don't lie, the things you're working with obey the rules!!!! If the bridge ...

How important is a knowledge of maths?

Sort of like, "you're damned if you do, and you're damned if you don't"..... This is an excellent thread because it has brought these things to light: 1. We can come up with so few known facts 2. Every contributor has different viewpoints of the ...

Market & Trading Facts

You've got our attention. What next?

Winners And Losers Trading System

And, on my laptop, it did exactly what it did on your backtest. I got the same graph as in your post #59. What computer are you running? My laptop is a Dell inspiron 1300 w/ Intel celeron and windows XP. Desktop is dell w/pentium 4 and XP.

Winners And Losers Trading System

Same exact EA, same Interbank - v4 build 202. Works on the desktop, not on the laptop. I've got another EA I've been forward testing on the laptop that hasn't been acting right. I don't know what to do about that.

Winners And Losers Trading System

It works perfectly on my desktop, just not on the laptop. Will investigate. See below, the loser got stopped out right after the winner, on a 1 lot trade, profit was $365.40, loss was $456.05. Then it took another set of trades right away, and a ...

Winners And Losers Trading System

I've been running the gamut of indicators, systems, and EA's for a month or two now, and it's been fun, but I'm getting back to plain old S/R, trendlines, and price action, and moving to longer timeframes. Still trying to find what works for me. I'm ...

Winners And Losers Trading System

I agree. If you're good enough to pick the point to get out of the winner, you're good enough to just fade the trade. If you can set the numbers in advance, as the EA requires, then you're really good. Have the ea watch for a move of "B" pips, trail ...

Winners And Losers Trading System

Yup, you're right.

Winners And Losers Trading System

Here's what happened. The short got stopped out by a minor whip since the stop was so close. For some reason, the stop was not applied to the long (losing side) - there should be a line on the chart below showing the trailing stop - not there ...

Winners And Losers Trading System

OK, it is working right now, and now it DOES drain the account as badly as any EA I've seen. Here's what it does: Opens a long and a short position on the currency pair of the chart it's attached to. Can run on many pairs, one EA per chart, one EA ...

Winners And Losers Trading System

It's not working quite right yet, logic on the trailing stops isn't right. I'll get it going this weekend. What I have seen so far while debugging/testing is scary. Small changes in settings can make a huge difference in profit/loss, and as usual, ...

Winners And Losers Trading System

First backtest — First successful backtest. And no, it wasn't nearly easy to code as one would think, but then, I'm a hack. The values inputted will be very discretionary. Here's a nice little profit on both sides, 27 pips total, but had the ...

Winners And Losers Trading System

I'll take a crack at it.

Winners And Losers Trading System

I think so. From my limited experience, when you get a big news spike, it usually retraces a good deal more than the one yesterday. So this strat would work much better in that case.

Winners And Losers Trading System

Well, I don't know how to post an image. Looks like it has to have its own URL. But, pull up a chart of the GU right now. Good example. You put it on this morning just before the news, at 1.9670, 5:30 am EDT. It goes up to 9725, or 55 pips, which ...

Winners And Losers Trading System

Slow down, man. Yes, the second position is 79 pips out of the money. But the first one made 79 so you're even. If you take 30 additional loss on the second, total 109, you're down 30 total on the trade. The point is that you can be wrong on ...

Winners And Losers Trading System