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(binned per thread starter's request) I give up

  • #21
  • Jul 5, 2018 4:03pm Jul 5, 2018 4:03pm
Everyone here will be disappointed by the "small" returns of these boooooring trend following systems... and it's not even risk free ! hahhaa

this is trend following.

I always keep an open mind but my backtests show that following the trend is the only thing that works in the long term.

the basic principle is to cut the losses short and to let the p****t run.

Don't worry about me lol
I make plenty of money with my job and I live a minimalist lifestyle.

having fun and practicing English in my journal, that's what FF is all about.
  • #22
  • Jul 5, 2018 8:19pm Jul 5, 2018 8:19pm
Quoting HeyYou
I make plenty of money with my job and I live a minimalist lifestyle. having fun and practicing English in my journal, that's what FF is all about.
That's a smart move to keep your job while you're still trying to figure things out.

However I'm not so sure about your I give no sh*t attitude and I'm only having fun thing , this is a serious business unless you treat it as such and give it all I doubt you'll see any progress.

+there're many ways to make $ in this business not only trend following.

You might not need to hear this from me but my suggestion ? take it seriously and give it your all, or leave it alone and get back to doing what you've been doing. Trading can't be mastered if you're only half committed - it is extremely challenging and difficult that unless you're fully committed to mastering this craft you'll still remain a loser regardless of the years and mileage you put in.
...
  • #23
  • Jul 6, 2018 12:47am Jul 6, 2018 12:47am
Quoting HeyYou
Everyone here will be disappointed by the "small" returns of these boooooring trend following systems... and it's not even risk free ! hahhaa this is trend following. I always keep an open mind but my backtests show that following the trend is the only thing that works in the long term. the basic principle is to cut the losses short and to let the p****t run. Don't worry about me lol I make plenty of money with my job and I live a minimalist lifestyle. having fun and practicing English in my journal, that's what FF is all about.
I got more or less the same conclusion as you.
The thing is different people has different perspective of trend and time frame.
To me, trend is weekly chart.
  • #24
  • Jul 6, 2018 2:03am Jul 6, 2018 2:03am
Quoting DonaldDuckie
{quote} I got more or less the same conclusion as you. The thing is different people has different perspective of trend and time frame. To me, trend is weekly chart.

Smaller trends are good too but less predictable.. if there's a lot of "noise" in the market ie. it's ranging for a long period of time it will results in many many consecutive losses.... hence I would need to risk much, much less per trade and with this kind of balance it's literally impossible.

So yeah low frequency is more suitable for me.

Holy s..The weekly chart would be way too low frequency lol
  • #25
  • Jul 6, 2018 4:36am Jul 6, 2018 4:36am
Quoting HeyYou
{quote} Smaller trends are good too but less predictable.. if there's a lot of "noise" in the market ie. it's ranging for a long period of time it will results in many many consecutive losses.... hence I would need to risk much, much less per trade and with this kind of balance it's literally impossible. So yeah low frequency is more suitable for me. Holy s..The weekly chart would be way too low frequency lol

let me explain this point more in detail: right now with $350 I can barely open 0.01 lots and if it goes down to $250 I will need to add funds!!

Imagine risking less than 1%/trade... I would need $1k to open 0.01 lots hence if we consider DD I'd need at least $2k to start.

I lost money in the last month and since RM is a priority for me I invest a small portion of my capital. I'm not a gambling addict or anything like that.. yeah I made my mistakes of depositing a bit too much but nothing serious really.

The rule is to invest 1/5 of my capital.
for instance if have 10k euro in my bank account then I invest 2k.

maybe I'll add funds in the future as my bank account grows.
  • #26
  • Jul 7, 2018 5:33am Jul 7, 2018 5:33am
As promised: Broker 2 stats. (https://www.fxblue.com/users/broker2)

Unfortunately the money is not much (totaling $650 broker1+broker2), but I lost around 2k euro only this year and I could afford to invest no more than this.
  • #27
  • Edited 6:28am Jul 8, 2018 4:30am | Edited 6:28am
Sorry but Da Vinci is just amazing:

"While I thought that I was learning how to live, I have been learning how to die."

For me this is true:
"While I thought that I was learning how to PROFIT, I have been learning how to lose."

LOLz


I put a lot of effort in planning and I always try to be "machine-like" in my analysis. For instance I run a spreadtracker and I backtest using a spread that is wider than normal.

This is safer than backtesting with actual spreads IMO unless you scalp the news, you trade minutes before/after market open/close or s**t like that.

The beauty of these trend/momentum following systems is flexibility... precision entry is perfectly OK but not KEY.

For instance if I experience slippage that means my order gets executed x pips away from the pre-set entry point... that's not an issue cause backtest shows that the system works with a wide range of entry points.
  • #28
  • Last Post: Edited 12:06pm Jul 8, 2018 8:56am | Edited 12:06pm
K guys... FF has become way too crazy even for me...


closing the thread and goodbye once and for all .
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