Leverage and Trade Size

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xtremeforex
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Postby xtremeforex » Thu Nov 18, 2010 8:02 pm

I don't doubt it at all. When I was manual-trading my strategy, I was around 60/40 win, but wow the number of mistakes I made were quite enormous because I had to be very very fast. It was the mistakes that really made me consider coding a bot, not the actual fact that I was not realizing the full potential of the strategy. When I went automated, same strategy is now 99% winners!! It goes to show you humans can't compare to robots for precision and speed.

I think anybody considering forex for the long-term, particularly if they want to replace their full-time job really need to consider automating their strategy. It's fun too.

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ZsApprentice
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Postby ZsApprentice » Thu Nov 18, 2010 8:09 pm

So, either I could teach myself to code.. or I can pay somebody to code it for me..

My strategy works in any market, in any timeframe.. just needs to be scaled accordingly..

It would be pretty simple to code it actually.. but the last time I coded anything was in BASIC in high school... :-)

xtremeforex
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Postby xtremeforex » Thu Nov 18, 2010 8:16 pm

I can help you code it, but of course this means I would know your strategy.

Anybody who helps would HAVE to know every detail of it in order to make it work the way you want. Personally, I think taking the time to learn to code is worth it because then you would never be at the mercy of the coder if you want to change things or whatever, plus you can become more more creative in your strategy-design too and maybe even build improvements on what you think is already good!

Hey, I started my coding-days with Q-BASIC, methodology is the same, syntax just changes.

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newschool
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Postby newschool » Thu Nov 18, 2010 8:25 pm

For me, the more you trade, the smaller your winning % is (between 50 and 60)

If someone has a very precise market edge, it won't happen often (2-3 times a day), but probability can go above 85%.

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Postby ZsApprentice » Thu Nov 18, 2010 8:27 pm

It's not complicated..

You've seen it on the blog

To fully automate it, I would have to develop the code for the "horizontal lines".. but I could make it REAL EASY if I just made those as inputs..

Which they are very easy to see, but very difficult to program..

So, with those as inputs, it would actually only be a dozen or so lines of code

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xtremeforex
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Postby xtremeforex » Thu Nov 18, 2010 9:01 pm

ZApprentice, you're on my facebook..

I will log into facebook and we can continue this discussion, because I'm about to get into hardcore coding talk and gonna end up annoying alot of people. As for the horizontal lines, yes it is possible to make them variable inputs where only you know the "magic numbers."

Something makes me think, I already know about these horizontal lines you're talking about because I do something with horizontal lines in my strategy too. I call it "density-scanning."

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newschool
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Postby newschool » Thu Nov 18, 2010 10:35 pm

Price by volume was my favorite tool when I was trading TSX.

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