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TheGabriel
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Postby TheGabriel » Fri May 01, 2009 1:14 am

Does it repaint?

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TheGabriel
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Postby TheGabriel » Fri May 01, 2009 1:19 am

626mx wrote:This is what the pros trade. 3000 pips per hour easy.


You must be insane to trade with a setup like that, you'll become blind man!

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TheRumpledOne
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Postby TheRumpledOne » Fri May 01, 2009 1:41 am

GrandSlam wrote:Hi again,

now I have downloaded MT4_Motherlode, MT4_Motherlode_200903, 200812 and 200809 but none of the files is the TRO_Trade Line. Where can I find him yet?
Thanks for the help and greetings !!!


Check all of the MotherLodes.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Gert Frobe
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Postby Gert Frobe » Sat May 02, 2009 4:58 pm

TheRumpledOne wrote:LOL!!!

Kam, this is a joke. FFT uses RANDOM NUMBERS to generate trade signals.

However, if you realize that every entry is UNIQUE and the outcome is not known in advance, it doesn't matter why you enter the trade.


like you said it doesn't matter why or where you enter its how you get out.

here is a link to an old post - a guy that was working on his exits to his trades and his coin was killing the market or was it his trading system of getting out of trades? lol

http://www.moneytec.com/forums/f59/50-g ... tem-10312/

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PTG
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Postby PTG » Sun May 03, 2009 12:12 am

Gert Frobe wrote:
TheRumpledOne wrote:LOL!!!

Kam, this is a joke. FFT uses RANDOM NUMBERS to generate trade signals.

However, if you realize that every entry is UNIQUE and the outcome is not known in advance, it doesn't matter why you enter the trade.


like you said it doesn't matter why or where you enter its how you get out.

here is a link to an old post - a guy that was working on his exits to his trades and his coin was killing the market or was it his trading system of getting out of trades? lol

http://www.moneytec.com/forums/f59/50-g ... tem-10312/


I read that thread, thanks. It seems that the final results are missing. Tempted to reproduce it and see how it works out..

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PTG
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Postby PTG » Sun May 03, 2009 12:15 am

This is my new signature: "new signature".

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TheRumpledOne
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Postby TheRumpledOne » Sun May 03, 2009 12:32 am

Actually, I do believe the entry is more important than the exit.

You need an entry that is likely to give you a chance to take profit.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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PTG
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Postby PTG » Sun May 03, 2009 1:16 am

I don't believe. I want facts and evidence.

How do you determine upfront chances for succes ? You can't. It can go up, or it can go down. You take your measures accordingly, that's what is important because that will define the outcome of the investment.

I think believing upfront that one entry is more likely to be successful than another is like believing you can tell the market what to do. You may be able to create an edge on entry over the long haul by analyzing statistics and executing it flawlessly (think Buyzone); the likelyhood of this being of interest is perhaps higher for scalping. But you still can't tell upfront with absolute certainty what's going to happen next. That's also one of the messages of Mark Douglas. So considering that's the case, why bother about the entry ?

At least by flipping a coin, you eliminate your own psyche and built-in bias towards the hope to have an entry that is likely to give you a chance to take profit I should think.

I just had a look at a book by Van K. Tharp called Trade your way to financial freedom. Some interesting remarks from page 200 re. market entry.

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Postby TheGabriel » Sun May 03, 2009 10:33 am

I share your vision PTG, but it depends on the indicator, probably it repaints, don't know how it works on breakouts nor i tried it.

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TheRumpledOne
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Postby TheRumpledOne » Sun May 03, 2009 2:34 pm

"I don't believe. I want facts and evidence. "

The reason I say the entry is more important is because if your entry NEVER gives you an opportunity to take profit then all the exit can do is minimize the loss.

I have proven the entry at the Buy Zone trigger has a higher statistical chance of success than a random entry given a random entry has a 50/50 chance.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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