system capability drives trading mechanics... — Bootsyjam - a great thread, and you pose questions which are not asked often enough in the trading world! My simple 2 cents: Fully understanding the CAPABILITY of your method/system answers the ...

Scaling out vs staying fully invested

The great "initial TP" obsession — There is a common assumption built into the above question - that being it is better to take some profit, then let some run and/or move up the stop to break even... How can that assumption be ...

Favorite method for securing MORE profit.

Hi gspajon - Good post. I think mathematical observations about the market can be a worthwile pursuit. It can bring a level of thinking that forces you to strip away the emotional crap, and examine the data for what it is. I think a few others have ...

Odds of winning are constant: Using market bias AND stop loss

One of my trading buddies asked me to give me an opinion the other day on a monthly P&L on a MT4 demo account that had been running a robot. Clear as day it was a scalper as it had many trades, with lots of small profits but quite a few BIG losses ...

Trading Robots

OK - let's get to the crux of the thread: A trading METHOD, and learning how to learn. Snippets will not appear in any specific order - I'd like to briefly cover one part of the METHOD. From theory to live trading. The below flow should be familiar ...

METHOD vs SYSTEM and the destructive EA

Correct - some time ago I used to trade every day (or at least every other day) and I had a trading plan a mile long, full of trades that made a bit of money over the course of a year, but that made my account suffer large drawdowns from time to ...

METHOD vs SYSTEM and the destructive EA

Hi 7bit. Thanks for your input. I think if you put that quote back into the context of the overall post it, then your question is more easily answered. Yes, there is a time and place for EA's, but as stated above, so many "systems" discussed on this ...

METHOD vs SYSTEM and the destructive EA

Yes! Of course the term "Holy Grail" in a trading context will be defined differently, for different people. For me, it means having a trading methodology that: -Exists for specific and definable reasons -I am comfortable with -has the ability to ...

Do you still believe in the perfect trading system?

Hello gspajon - I enjoyed reading your post very much. In fact it is probably one of the most intelligent, useful and well written posts I have read on this whole site - your description of the EA vs the mind is brilliant, and frustrated traders ...

METHOD vs SYSTEM and the destructive EA

Well, there's no such thing as a silly question, and every question deserves a response.. My humble view#1: if you want to trade stock CFD's then start out by trading stocks. It depends on where you live and what the regulations are of your home ...

trading stock CFD's

Hi there Kaas - thank you for your constructive comments, and based on what you say it would seem like you are using the EA's as part of a broader trading METHOD, which involves testing and re-testing, and the EA's are just one part of the method.. ...

METHOD vs SYSTEM and the destructive EA

A very useful EA — I also found this one in another older thread which helps to close out all open positions when the total equity in the account reaches $X - selected each time you use the EA. (ie all positions, profit and loss, and on all ...

Help with some simple EA's

Many thanks tomhiles - have used on the test account and it works well. Cheers.

Help with some simple EA's

Amazing journey — Ok - so here goes my first post. I am a derivatives trader, who after many years of trial and error (mostly error) found his own temporary "holy grail" 12 months ago, which is now helping me to make a respectable living - I ...

AMAZING Strategy!!!