ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Mon Aug 23, 2010 12:34 am

bredin wrote:Braathen and Pro,

I have also tried the find a system that hemorrhages money and take the opposite trade and the same thing happened to me- they still lost money.

So its not just newschool who cant code. :lol:

I think what causes a mechanical system to lose money is two things.
1) exits, which are hard to code, and
2) filtering bad entries, which is also hard to code

G. (glad to see someone can use RSI)



The point is NOT that you guys cant code.
It takes a hell of a trader to turn on an ea and make consistent pips.
But this trader KNOWS exactly when to turn it on and EXACTLY when to turn it back off so it doesn't self destruct.....LOL

An unsuccessful trader will NEVER be able to trade an ea without it eventually cratering. Too many variables.

And you've both stated that you've tried.......and failed....get the picture.
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Postby newschool » Mon Aug 23, 2010 12:53 am

Braathen wrote:"Of course I tried trading the opposite of dozens of strategies. It doesnt change anything." "I am not joking at all, it really doesnt work. "

So because YOU couldnt do it doesnt work?
Big words from someone claiming to be anything more then an avg anything ;)
I dont use it myself and most likly never will BUT.. this looks like a clean cute case of "Blinders Syndrom" dont cheat yourself dude...
Image


Well I left engineering university to code and test Forex strategies for almost 1 full year now, working on the computer each day for 8 hours. I had to rack some debts to pay rent/food since all my time was devoted to trading. So if you don't want to take my word, its your loss...

My mind is pretty clear on what EAs can do now. I think the only way they can be more successful than a human, is on pure mechanical systems, wich are high-frequency or scalpers. Exactly the approach Kreslik has taken.
A discretionary strategy like the MZ can be automated and be positive, but I just dont see the point since it will be way more successful if traded manually (I tested it).

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Postby bredin » Mon Aug 23, 2010 1:26 am

Pro youre right about knowing when to turn a bot on, and that why I use them for entries when I see the setup I want on the horizon.... It can enter where I want, set my stops and then send me a text to come check out the trade ;)

newschool, I think the point of a bot is not necessarily to be more profitable than a manual trader, but to be profitable enough to give the trader some (ideally all) of his TIME back.

G.
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Postby Braathen » Mon Aug 23, 2010 5:12 am

newschool.. ok so.. you didnt get my point.. u just keep trying to glorify yourself m8... goodluck..

im sure that year after engi where u spent all your time infront of a pc was sooooo hard.. pooor you :P
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Postby jarnapal » Mon Aug 23, 2010 6:10 am

bredin wrote:
G. (glad to see someone can use RSI)


Was that ironic ? 8)

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Postby bredin » Mon Aug 23, 2010 6:50 am

MightyOne wrote:"OBV is calculated by adding the day's volume to a running cumulative total when the security's price closes up, and subtracts the volume when it closes down.

For example, if today the closing price is greater than yesterday's closing price, then the new

OBV = Yesterday's OBV + Today's Volume

If today the closing price is less than yesterday's closing price, then the new

OBV = Yesterday's OBV - Today's Volume

If today the closing price is equal to yesterday's closing price, then the new

OBV = Yesterday's OBV" -StockCharts.com


I wonder what OBV would look like if calculated using CC as 3 candle CC often yield a longer series of same colored candles...


Image


Like This?

Image

work in progress: last bar to calc and red line to eliminate ??

G.
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Postby MightyOne » Mon Aug 23, 2010 5:17 pm

bredin wrote:
MightyOne wrote:"OBV is calculated by adding the day's volume to a running cumulative total when the security's price closes up, and subtracts the volume when it closes down.

For example, if today the closing price is greater than yesterday's closing price, then the new

OBV = Yesterday's OBV + Today's Volume

If today the closing price is less than yesterday's closing price, then the new

OBV = Yesterday's OBV - Today's Volume

If today the closing price is equal to yesterday's closing price, then the new

OBV = Yesterday's OBV" -StockCharts.com


I wonder what OBV would look like if calculated using CC as 3 candle CC often yield a longer series of same colored candles...


Image


Like This?

Image

work in progress: last bar to calc and red line to eliminate ??

G.



I have been drawing the boxes from the OBV extremes as shown in the picture below.

Image


It is hard not to look at this indicator...

Image



That said, using the same alignment as your CC should work just fine. I am still working OBV into my strategies...

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Postby bredin » Mon Aug 23, 2010 8:45 pm

mine are drawn to coincide with the CC's, rather than the other way around.

I should have it finished later today.

G.
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Postby tmanbone » Tue Aug 24, 2010 1:05 am

OBV sure did nail the March 09 S&P low. There's value here. Thanks MO for showing us this.

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Postby prochargedmopar » Fri Aug 27, 2010 4:11 pm

Will someone on this board please answer me a couple questions.....???

First, who in the hell is buying after a 200+ pip move straight up?

Not suppose to be the heard and "chase" price.......yeah right.
Most times I do and it reverses Immediately draining my account,
Soooooo.

Not suppose to reverse against "trend".
Most times I do, and it Buries me.

See how price comes back below support, then it comes back a couple times to support, then it won't even come back for a re-test.....WTF?
And that's after price has moved THAT far......

How?

I've about had it!

Help please.........!!!

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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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