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Simple trading but profitable

  • #81
  • May 15, 2018 12:04pm May 15, 2018 12:04pm
Quoting JacolineFIS
{quote} I DO get it, and I know that this method does not really work with no filters, as the number of crosses will be huge. AND the only way this MIGHT work to recover your losses in spreads is if the number of crosses is ODD. If the price takes off in one direction but your number of crosses is EVEN, you LOSE all the spread with no chance of covering them. Can you SHOW your trading in realtime ?? Show me how this is profitable?
As said, we better wait what is he saying what is he doing on the balance line. We can now speculate or not. We cann meanwhile test this with OUR money management and that can be huge different. Point.
Perfection is the enemy of good enough!
  • #82
  • May 15, 2018 12:16pm May 15, 2018 12:16pm
Quoting MichaelSch
{quote} This is what make the things complex and enter another rule and another rule will make this to another entry model, away from the simple you have yet. Money management and trade management is our task and is the more difficult part.
Michael... this method looks good in theory only. In real trading... this will kick your a$% You said... you already started testing... can you please show us a few of your trades with this method? Genuinely... I feel, either you are stupid... or Im stupid, coz.. I didn't understand the method properly.

So please... enlighten us, with a few real trade examples...! Thanks a lot...!
  • #83
  • May 15, 2018 12:40pm May 15, 2018 12:40pm
why do you guys make things difficult...

the line is the point of the whole trade.
a good line can make you win from begin to end.
a bed line will bring some mistakes before the last big win.

this is today's gold. as you can see iput the balance line on the support at 1300, and i found that the price go south so fast, so i m waiting for the break,then i short.
Its so easy,but Its not the system about break or balabala...
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  • #84
  • May 15, 2018 12:43pm May 15, 2018 12:43pm
i will tell you something true, if we have a random trade whatever long or short, but we set tp:sl>3:1 it will be profitable in a long time.
I test it with program for many times,

this is the result of my ea,it just set the balance line at 0930 when the futures market begin in my country.
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  • #85
  • May 15, 2018 12:45pm May 15, 2018 12:45pm
this ea just for me to test ,
i don't use it in the live account,
because computer can't choose a very good price as balanceline ,but people can.
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  • #86
  • May 15, 2018 12:46pm May 15, 2018 12:46pm
so the only way to win in the market is stop loss and waiting for a big win.
  • #87
  • May 15, 2018 12:47pm May 15, 2018 12:47pm
as for forex for me, usually one-three trade is ok enough ,usually i will loss two trades and the third one is my winner!
  • #88
  • May 15, 2018 1:02pm May 15, 2018 1:02pm
Quoting Forexmeoff
So just to have an example where price bounces a bit. If this level is 1.5850.... 1st cross of line = buy at 1.5850 2nd cross = sell at 1.5850 3 cross = buy at 1.5850 4 cross = sell at 1.5850 5th cross = buy at 1.5850 Price then heads to 1.5882.... which gives 2 losing sell orders of 30 pips each and 3 winning buy orders of 30 pips each...so rouughly 30 pips profit....but this does not take into account commissions...etc...etc...keep it simple for now. So do you set pending buy and sell stop orders as soon as it crosses the line....??? or wait for...
this is a very bad price .
try to think it which place the price will hit few times, the answer is support/resistance,
where is r/s this is a basic class for trader.
the r/s must be comfirmed so that it is r/s.
how to comfirm,there must touch twice.

so if i were you ,i will choose this place to put it on.


if you guys can't understand my english ,please translate it in google.

Forexmeoff，对于你来讲，你的问题太基础了，说明你对与阻力位与支撑位的概念理解完全有问题。一个高点或者一个低点绝对不是阻力位支撑位，阻力位支撑位是事后人们才能发现的，只有当价格碰到某个位置发生作用，大家才能把他当作阻力和支撑位，以后才能去使用它，而不是猜位置在哪里。
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  • #89
  • May 15, 2018 1:07pm May 15, 2018 1:07pm
please translate and learn.
anybody who know chinese can help me to translate it to english. thanks.
because these words are important.

我教给你们的不是一个系统，像tms或者均线交叉一样的东西，我教给你们的是一种思想，这种思想告诉你们如何判断市场，如何处理市场，并且如何得到最优解。
有一些人在质疑这套系统能否实现盈利，我要告诉你，最关键的两个东西：第一个是balanceline的选择，第二个是盈亏比，只有拿的住盈利的人一定可以获得成功

关于ea，那个是我用来做数学研究写的，它并不能应用于实战，但是它告诉我们，你甚至不用去仔细选择balanceline的位置，只需要把止损比止盈设置在1：3就可以获得很漂亮的利润。
  • #90
  • May 15, 2018 1:16pm May 15, 2018 1:16pm
Quoting liunliun
why do you guys make things difficult... the line is the point of the whole trade. a good line can make you win from begin to end. a bed line will bring some mistakes before the last big win. this is today's gold. as you can see iput the balance line on the support at 1300, and i found that the price go south so fast, so i m waiting for the break,then i short. Its so easy,but Its not the system about break or balabala... {image}
Many thanks. Many people here are so blocked to get new sights.
Perfection is the enemy of good enough!
  • #91
  • May 15, 2018 1:27pm May 15, 2018 1:27pm
Quoting liunliun
why do you guys make things difficult... the line is the point of the whole trade. a good line can make you win from begin to end. a bed line will bring some mistakes before the last big win. this is today's gold. as you can see iput the balance line on the support at 1300, and i found that the price go south so fast, so i m waiting for the break,then i short. Its so easy,but Its not the system about break or balabala... {image}
Only in hindsight can one know if a line is good or bad.
please next time pick a real time example liun, entry-exit-tp (cause it matters a lot )
2 questions for you:
do you use sl or hedging ?
how long have you been trading this way ?( my guess is very very recently)
thanks
  • #92
  • May 15, 2018 2:07pm May 15, 2018 2:07pm
I don't really know why the OP is talking about SL and TP now. I understood that every time there is a cross there is a trade, with NO SL, the trade just gets hedged with opposite order. like i said before, the only trade that may become a winner is one where there is an ODD number of crosses because the even numbers just cancel each other out and u end up paying the spreads on those trades. I think that is how the rules go. AM I right or wrong?

I understand that you have to pick a good line (S or R levels) which is fine. But the way you decide to enter is too random.
  • #93
  • May 15, 2018 5:35pm May 15, 2018 5:35pm
Quoting JacolineFIS
I don't really know why the OP is talking about SL and TP now. I understood that every time there is a cross there is a trade, with NO SL, the trade just gets hedged with opposite order. like i said before, the only trade that may become a winner is one where there is an ODD number of crosses because the even numbers just cancel each other out and u end up paying the spreads on those trades. I think that is how the rules go. AM I right or wrong? I understand that you have to pick a good line (S or R levels) which is fine. But the way you decide...
I think liun actually means to stop loss the trade if it reverses, instead of hedging. If you hedge, then you will only win if there is an ODD number of crosses as you well realized. That’s why you need a stop-loss on every trade you open.

I tested it yesterday on EUR/USD and it worked fine. I set a 2 pip stop loss for each trade (I use Tickmill broker with almost 0 spread). The key is to pick a price level where it is unlikely to consolidate in a range but actually expand fast through it, and also never overlevarege your trades or you could blow your account if the number of crosses accumulate.
  • #94
  • May 15, 2018 6:23pm May 15, 2018 6:23pm
Quoting liunliun
why do you guys make things difficult... the line is the point of the whole trade. a good line can make you win from begin to end. a bed line will bring some mistakes before the last big win. this is today's gold. as you can see iput the balance line on the support at 1300, and i found that the price go south so fast, so i m waiting for the break,then i short. Its so easy,but Its not the system about break or balabala... {image}
"Simply" because it is not that simple !

Forex is the MOST DIFFICULT business that can give you many, if any.
Institutions are spending a lot of money on HFT, AI, ML ... etc, to help them get 30-40% annual return. Are they foolish ? Or just like to complicate things ?

Whenever there is money, there are the SMART minds.
Market is so EFFICIENT, and will not give you money that easy.

The above message is not meant for this thread only, it is for all threads that have the magic "Simple" word in their title.

Let me thank you for sharing what you might think is a profitable method. Unfortunately, it is not.

What you are offering is a range break-out system (but with vague rules). When I started reading the thread I understood that the range will be the Spread, which ever that be (0.5 pip, 1 pip ... etc) depending on the pair, and with no SL, as you will hedge. And I agree with Jacoline that "the only way this MIGHT work to recover your losses in spreads is if the number of crosses is ODD".

Then on the H4 gold chart you posted, when zoomed-in to M1 shows that you stayed in the SELL trade although the "BalanceLine" was broken to the UP side. Moreover, that SELL trade has a Stop Loss.

Attached Image (click to enlarge)
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So we are not talking about a "spread-sized" range, or hedging anymore.
However, I coded all sorts of range-breakout systems, they never work regardless of RR you use.

To succeed in this business there are 2 options:
1- deep pockets that can help you survive draw downs.
2- big brain that can help you find temporary market DEFICIENCIES aka "Edges".

All the best with your thread, and forgive me if my reply was a bit harsh.
No guts, no glory
  • #95
  • May 15, 2018 8:14pm May 15, 2018 8:14pm
Good method , most people attacked it , they losers don't have idea what Forex , and they don't even put efforts to try things correctly they just see few losses then say ahhhh , that's bad method , i started account before with 12$ and i doubled it to 120$ with 300 loss trades and just 8 winning trades!!!(i can imagine if one of them just get 10 losses , lol), but don't expect from people who are lazy to do efforts to understand they just expect way that will give them 1000000$ without losses , and someone saying
Quote
so it's like flipping coin
, they can't understand it's really flipping coin it's all about how manage your account and money management, they just like to see posts how to turn 100 to 100000000 in one week blah blah blah ,

i liked your reply when someone asked you it's breakout method, that people really have small mind , you just try to tell them something and they just go to comment about silly things that will not lead them to anywhere like you talk with your friend about business then he ask you how many hours you sleep? just silly questions not lead to anywhere , and ohhh i hate those people who keep talking about perfection they just like balloon nothing real just a lot air inside,

So Man thanks for share your method even i will not follow it because i have my own way, but i just wasn't able to stay silent reading nonsense comments , so just continue as long as it's work with you , if someone don't like then just leave the topic no one force you to stay and argue. and your English is not bad , but the problem in their head

in the end the story i like:

{
“I’m good at trading and I’m wrong alot according to my wife. When we got married, we sat down the first
year and she said you know this is really very sad. You had a good year at trading. You made us a very nice
living this year but Dennis you were wrong 53% of the time this year. I thought this was terribly harsh. You
couldn’t even beat a coin toss. I got out of it by saying, Sweetheart I’m so in love with you that it’s colored
my ability to think. She bought it. I got another year. We sat down the second year. She said, my wife the
accountant, one plus two equals three. She said this is really very sad. You made more money trading this
year then you made the previous year. But this year you were wrong 57% of the time. And people pay you
for your ideas. And I’m standing by the notion last year that I told you. You can’t even beat a coin toss. You
need to do better. Sweetheart I’m trying. Third year we sat down. My wife, the accountant, one plus two
equals three. She said this is sad. You made more money than you made the previous two years. That’s
lovely. I want to stay with you. But Dennis, you were wrong 68% of the time this year. Almost 7 out of 10 of
your trades lost money. You have got to do better. I told her Laura I’m trying. I’m gonna try. Fourth year we
sat down. My wife, the accountant, one plus two equals three. She said, you know, I get it now. You had the
best year you ever had. Made more money this year then you made the previous three years. That’s lovely.
This year you were wrong 81% of the time. I think if you can just be wrong 95% of the time. We’re gonna
get stinkin’ rich. I think I can do it. I think I have it in my grasp to be wrong.”

}
  • #96
  • May 15, 2018 9:32pm May 15, 2018 9:32pm
sl=filter!!!!!!!!!!!!
i assumed you know that.
if you don't have sl how can you know the price crossing the line?
  • #97
  • May 15, 2018 9:32pm May 15, 2018 9:32pm
Quoting rtkwar
Good method , most people attacked it , they losers don't have idea what Forex , and they don't even put efforts to try things correctly they just see few losses then say ahhhh , that's bad method , i started account before with 12$ and i doubled it to 120$ with 300 loss trades and just 8 winning trades!!!(i can imagine if one of them just get 10 losses , lol), but don't expect from people who are lazy to do efforts to understand they just expect way that will give them 1000000$ without losses , and someone saying {quote} , they can't understand...
thanks dude.
  • #98
  • May 15, 2018 9:34pm May 15, 2018 9:34pm
Quoting abokwaik
{quote} "Simply" because it is not that simple ! Forex is the MOST DIFFICULT business that can give you many, if any. Institutions are spending a lot of money on HFT, AI, ML ... etc, to help them get 30-40% annual return. Are they foolish ? Or just like to complicate things ? Whenever there is money, there are the SMART minds. Market is so EFFICIENT, and will not give you money that easy. The above message is not meant for this thread only, it is for all threads that have the magic "Simple" word in their title. Let me thank you for sharing what...
you can buy first then buy then sell but sell is the last trade,and you will have great number of pips.

but for me.i really just short at that time.
i trade for10 years using this method or others
  • #99
  • May 15, 2018 9:46pm May 15, 2018 9:46pm
Quoting rtkwar
Good method , most people attacked it , they losers don't have idea what Forex , and they don't even put efforts to try things correctly they just see few losses then say ahhhh , that's bad method , i started account before with 12$ and i doubled it to 120$ with 300 loss trades and just 8 winning trades!!!(i can imagine if one of them just get 10 losses , lol), but don't expect from people who are lazy to do efforts to understand they just expect way that will give them 1000000$ without losses , and someone saying {quote} , they can't understand...
i really like what you said,
green pips my friend.!
  • #100
  • May 15, 2018 10:16pm May 15, 2018 10:16pm
this is a trade last month.
look at the balance line, it was a so powerful resistance!
so when the price retrace, i put the line with resistance,and short without hesitation
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