xtremeforex wrote:By the way, my favourite TRO tools are
a) Multi Meter Candle Colour
b) HERD Mentality
c) UP DOWN
d) Spread Alert
e) Bias EZ
70% Account Drawdawn.
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I don't use Buy Zone, but I do think it's good but it's too "slow" for my bot and strategy. My bot doesn't like to wait for H1 candles.
I have a completely different proprietary method that is based on some info gathered from 3 of TRO's indicators plus a few indicators designed by myself developed in Murex.
I am happy with 25-30%/month, because it yields a 90+% win rate, keeping risk significantly low. I am happy with that. It has been consistently earning 30%/month in live-forward and in 10+ years of backtesting without optimization. That is good enough for me.
I have a completely different proprietary method that is based on some info gathered from 3 of TRO's indicators plus a few indicators designed by myself developed in Murex.
I am happy with 25-30%/month, because it yields a 90+% win rate, keeping risk significantly low. I am happy with that. It has been consistently earning 30%/month in live-forward and in 10+ years of backtesting without optimization. That is good enough for me.
I didn't think it was possible to make a profitable robot that was consistent in the long run. So if you found one with a 90%+ win rate, low risk, and consistent results in 10+ years of backtesting then consider that your holy grail.
The only profitable robots that I know of are the hedge funds robots which perform high frequency trades in nanoseconds or arbitraging.
The other robots or EA out there will never get consistent results because the market is very dynamic with time.
The only profitable robots that I know of are the hedge funds robots which perform high frequency trades in nanoseconds or arbitraging.
The other robots or EA out there will never get consistent results because the market is very dynamic with time.
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xtremeforex wrote:I find it comedic that you suggest demo trading experience is worthless when I could bet money that when you started, you started with demo yourself. I doubt you jumped into live-trading the minute you decided to join forex. Therefore, suggesting others not to demo is hypocritical.
Of course emotional aspects are different in live, but they don't mean anything either if you don't learn to trade first. Emotions/Psychology is one of the last steps to conquer when learning this market, not the first.
Additionally, I don't trade manually. I design bots that trade for me which I test under demo first. A bot does not know the difference between demo and live. This is how I manage psychology, because I am aware that the bot will stick to the plan consistently and is much faster to react to given conditions, to develop/test a bot or manual strategy on live is like testing an aircraft prototype when it first comes out of the hangar with 295 people.
not going to argue with you on this
i am not talking about robots i am talking about people.
of course you would test an automated system via demo, do you know any robots that need to learn emotional lessons?
my point is for a PERSON
if you can make 50 pips a day in demo that doesn't mean you can do it live
if you can make 50 pips a day at a penny per pip, then you can do it at 1k a pip, after you work your way up.
Bend over and assume the position for another 4 years of hope and change.
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adaseb wrote:I didn't think it was possible to make a profitable robot that was consistent in the long run. So if you found one with a 90%+ win rate, low risk, and consistent results in 10+ years of backtesting then consider that your holy grail.
The only profitable robots that I know of are the hedge funds robots which perform high frequency trades in nanoseconds or arbitraging.
ADASEB, you are EXACTLY right.
One of the disadvantages of my bot. I must keep trade sizes small, therby profits are frequent but small. Risk is low and managed over a longer period of time. The frequency of profit, even if small, gives me a psychological bonus of seeing my account grow on an hourly basis 24/5 giving me a strong impression that the bot is working and doing its job. I would rather see $5/hour instead of $20 every 4 hours if that makes sense, although they are both the same amount after 4 hours.
For example on very bad market days (with a $10,000 act balance), I may make only $20 but with very low stress. On good days sometimes $$600! Relative to my account balance this means a range of 0.2% -> 6%
My whole purpose on these internet forums and my research is to find out ways to somehow increase that percentage on bad days by figuring out a good risk algorithm with will let me increase/decrease trade sizes in a non-linear way. Otherwise, I would have been long-gone just enjoying my life and profits.
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