Asking for a leg up - If suitable I can maybe help you with

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kiwiautotrader
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Asking for a leg up - If suitable I can maybe help you with

Postby kiwiautotrader » Wed Dec 14, 2011 3:09 am

Hi everyone,

Long time listener (very long time listener actually) first time caller. I have been watching the forums for many years, looking, learning watching ,trying.

To make a long story short, I have been playing with forex for 6+ years - I have a very strong interest in EA development , but have not managed to get anything to really stick. I have a background as a software engineer for the past 15 years. So I am exceptionally good at coding EAs....just not getting consistent product :)

I am very well versed in most aspects of trading - I just have not found my golden bullet..yet.

My observations after throwing masses of computing power at the market is that things are 'suspiciously even'. Thus far it really has been a zero sum game even in times where I would have put the house on their being an edge related to psychology / human nature.

I know that people have very strong opinions about whether infact an EA will ever work, but I would rather not discuss that at this time.

As you can see, I dont have all the answers......I dont have any anwsers, but I have sure as hell put in all the work.

So.....I guess like everyone else...I am hear to ask for help. All I have to offer in return is a proven track record in commercial software development, great work ethic and are fluent in everything Forex.

In exchange for a leg up in terms of a 'statistically probable' system - i will like to offer to code it into a fully automated, professional quality trading platform.


Thanks for the opportunity.

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Relativity
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Postby Relativity » Wed Dec 14, 2011 3:38 am

What kind of help? Have you ever traded manually before?

kiwiautotrader
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Postby kiwiautotrader » Wed Dec 14, 2011 5:34 am

Hi Relativity

Thanks for your response - I have indeed traded manually....with mixed success. Never successfully enough to get me at it for more than six months or so at a time. I generally end up falling back on EA development (which as I have mentioned before has never really got me anywhere either) because that is something i am very comfortable with.

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bredin
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Postby bredin » Wed Dec 14, 2011 6:21 am

kiwiautotrader, you have a pm

G.
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Relativity
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Postby Relativity » Wed Dec 14, 2011 6:50 am

kiwiautotrader wrote:Hi Relativity

Thanks for your response - I have indeed traded manually....with mixed success. Never successfully enough to get me at it for more than six months or so at a time. I generally end up falling back on EA development (which as I have mentioned before has never really got me anywhere either) because that is something i am very comfortable with.


I see... IMO i think if you are saying this is something you are very comfortable with, this, is both good and bad news. At least speaking from my experience. To keep it short, what I really meant by bad news is that you don't need EA. Trading isn't that hard, really.

Good news is that I half suspected you are actually successful, just that you did not know how to handle your mental state. So, you aren't so far away. I think I can help you as, basing off my own background which might be similar to yours (FYI I am too a software developer in the IT industry) and struggles (how I overcame my mental state and assumptions).

Maybe you can show us (slowly) how you trade manually. Lets work out something from here. Don't want to waste your 6 yrs of work too.

O Yes Btw. I am putting this upfront. I don't want anything in return. Nothing. Not to boot it at your face, but I rather help others without anything in return. Its better that way. I only ask 1 thing : go drain the banks (hell yeah)

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Postby kiwiautotrader » Wed Dec 14, 2011 9:59 pm

Hi Relativity,

Thanks for the respone. My manual trading has largely been around Asian range breakouts .

I am not sure I agree regarding the mental side of it. I can hand on heart say I have no trouble with taking losses e.t.c It is just getting really worthwhile consistency that I have a problem.

Are you trading profitably yourself? Using the DTB method by the sounds of it?

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Postby Relativity » Thu Dec 15, 2011 12:00 am

kiwiautotrader wrote:Hi Relativity,

Thanks for the respone. My manual trading has largely been around Asian range breakouts .

I am not sure I agree regarding the mental side of it. I can hand on heart say I have no trouble with taking losses e.t.c It is just getting really worthwhile consistency that I have a problem.

Are you trading profitably yourself? Using the DTB method by the sounds of it?


Let me clarify. Sometimes, successful trading might had little to do with our previous professions. Much of good trading ideology is contrary to what ideology other professions have. So to bring certain ideas in can work as a double edge sword. So generally, a safer bet is to start with a clean plate. Then we can work it out slowly to see if the other skills can complement trading.

I went through that myself. I threw away all motions I already knew. I then requestioned every assumption. I got help. Real help.

I see and believe you are doing you very best at this. You have a good method as far as I see. Asian breakouts do work. Pardon me but I have many useful questions here :

1-By some guesswork, can I say you define the breakout box, then trade it?
2-Have you heard of ISF (an intersession flat) method created by MasterForex-V?
3-How do you define these breakout boxes? By time? By pip size?
4-Do you use various basic statistics to backup your methodology?
5-Maybe you might want to consider not trying this method at all? Have you considered that you might be missing other opportunities the market is giving you?

Yes, profitably now. I use an off-shoot of DTB.

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Postby kiwiautotrader » Thu Dec 15, 2011 1:14 am

Hi Relativity,

I think i will have to throw away all assumptions as well - I have done such an incredible amount of backtesting (hundreds of strats, scenarios and statistical analysis) and I cant find and edge as such anywhere.

It is helpful to meet people such as yourself.

I have tryed the DTB methods / ideas before and found nothing of any real value after very conclusive testing. Thats obbiously not to say that others havnt.

On a side note, I previously left this forum out of frustration. I have never come to a forum asking for all the answer the obscure/obtuse and repetitive answers from TRO finally drove me round the bend. I believed he was here to help and guide, but I so often saw very sensible questions being asked of him and very obtuse answers being given. I began to feel like we were all pawns in his own little game.

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Postby kiwiautotrader » Thu Dec 15, 2011 1:18 am

Dont get me wrong, I sooo appreciate people sharing their knowledge with others - but i also feel that the good nature of others has also been taken advantage of. It must be good for the ego.

Anyway I digress - to answer some of the questions

In a nutshell my favourite method (asian breakout) worked along the lines of x range of consolidation through the asian range on a typically clean trending pair. When the breakout occurs with momentum -

kiwiautotrader
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Postby kiwiautotrader » Thu Dec 15, 2011 1:20 am

I would try and trail it using a "playbook" of exit options.

Regarding your question on have I been missing out on opportunities ...Undoubtably! But I have studied/implemented and tried an ehaustive range of techniques,theories,ideas along the way.

Thanks for your help...not really sure where to go next.

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