ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Wed Sep 22, 2010 1:19 am

es/pip wrote:why risk your entire account to make 2% a trade

why not risk 1% per trade and make 4x your risk each day ?

or 2% per trade and make 8% a day

risking it all for 2% is crazy


maybe it takes 3 months, 2 years or 10 years but there will be one time it moves against you and drains your bank


Appears you did not think first.
And missed a large part of the post........The money NOT wanting to be risked in the market is UNDER the mattress.
#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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Postby prochargedmopar » Wed Sep 22, 2010 1:21 am

trueblueTEX wrote:Pro,

any EA writers out there should be able to code an EA to test this against historical data. The EA could easily include semi-martingale (optional) for a max of X-number of mart entries at Y-pips in the hole.

I worked with a group of guys for about 6 months on EA's. We tested all kinds of settings and finally had a GREAT setup that successfully made it through 2 years worth of data!!

A couple of guys went live in Dec/Jan. Margined out in Feb/Mar!!!

I was demo so I only lost time.


Get a grip, ea's can't think/feel/or adapt on the fly.
#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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Postby es/pip » Wed Sep 22, 2010 1:37 am

prochargedmopar wrote:
es/pip wrote:why risk your entire account to make 2% a trade

why not risk 1% per trade and make 4x your risk each day ?

or 2% per trade and make 8% a day

risking it all for 2% is crazy


maybe it takes 3 months, 2 years or 10 years but there will be one time it moves against you and drains your bank


Appears you did not think first.
And missed a large part of the post........The money NOT wanting to be risked in the market is UNDER the mattress.





okeee dokeeee
Bend over and assume the position for another 4 years of hope and change.

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Postby prochargedmopar » Wed Sep 22, 2010 2:12 am

es/pip wrote:
prochargedmopar wrote:
es/pip wrote:why risk your entire account to make 2% a trade

why not risk 1% per trade and make 4x your risk each day ?

or 2% per trade and make 8% a day

risking it all for 2% is crazy


maybe it takes 3 months, 2 years or 10 years but there will be one time it moves against you and drains your bank


Appears you did not think first.
And missed a large part of the post........The money NOT wanting to be risked in the market is UNDER the mattress.





okeee dokeeee


es,
I love you man.

You've been the center of many a topic between my wife and I, and she's usually NOT on my side.

;)
#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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Postby trueblueTEX » Wed Sep 22, 2010 3:04 am

prochargedmopar wrote:Get a grip, ea's can't think/feel/or adapt on the fly.


I know they can't think/feel or adapt on the fly. There is no adapting in a 10 pip or Margin-call plan. The ONLY thinking is in the original buy or sell.

An EA can easily test this method since in a trading simulator, you can invoke the buy or sell (the only chance you get to think in this plan) at the appropriate time!

10 pips or margin call, run it again and enter the market at a different time.

Buy this time, instead of sell.

The purpose of the EA is not to trade the system, only to check out the viability of your MM scheme.

You have a MM idea that can be easily back-tested, that's all I'm saying.

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Postby prochargedmopar » Wed Sep 22, 2010 5:57 am

trueblueTEX wrote:
prochargedmopar wrote:Get a grip, ea's can't think/feel/or adapt on the fly.


I know they can't think/feel or adapt on the fly. There is no adapting in a 10 pip or Margin-call plan. The ONLY thinking is in the original buy or sell.

An EA can easily test this method since in a trading simulator, you can invoke the buy or sell (the only chance you get to think in this plan) at the appropriate time!

10 pips or margin call, run it again and enter the market at a different time.

Buy this time, instead of sell.

The purpose of the EA is not to trade the system, only to check out the viability of your MM scheme.

You have a MM idea that can be easily back-tested, that's all I'm saying.


Your dead wrong.
Sorry, Answer me how the hell an ea can know at what type of momentum or speed price moves to a certain level...or how it acts just before it hits a level.
Or best of all, you think an ea can read market sentiment? Does an ea have any s**t idea what is going on in the geo-politcal arena?
Does an ea know if the market is in a trending environment or has been ranging for days/weeks/months?

No, No, and Nope.
An EA will NOT back-test a discretionary trader with any accuracy at all.
Try it on momo/50% re-trace and see what happens.
#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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Postby trueblueTEX » Wed Sep 22, 2010 11:21 am

prochargedmopar wrote:
trueblueTEX wrote:
prochargedmopar wrote:Get a grip, ea's can't think/feel/or adapt on the fly.


I know they can't think/feel or adapt on the fly. There is no adapting in a 10 pip or Margin-call plan. The ONLY thinking is in the original buy or sell.

An EA can easily test this method since in a trading simulator, you can invoke the buy or sell (the only chance you get to think in this plan) at the appropriate time!

10 pips or margin call, run it again and enter the market at a different time.

Buy this time, instead of sell.

The purpose of the EA is not to trade the system, only to check out the viability of your MM scheme.

You have a MM idea that can be easily back-tested, that's all I'm saying.


Your dead wrong.
Sorry, Answer me how the hell an ea can know at what type of momentum or speed price moves to a certain level...or how it acts just before it hits a level.
Or best of all, you think an ea can read market sentiment? Does an ea have any s**t idea what is going on in the geo-politcal arena?
Does an ea know if the market is in a trending environment or has been ranging for days/weeks/months?

No, No, and Nope.
An EA will NOT back-test a discretionary trader with any accuracy at all.
Try it on momo/50% re-trace and see what happens.


The ONLY THING you had in your original MM idea that was DISCRETIONARY was the WHEN you made your order. After that it was 10 PIPS or Marginal CALL!!!!

I SAID you can use an EA to BACKTEST whether your MM idea is worth a s**t OR NOT!!!!!

I didn't say ANYTHING about using an EA to trade.

To BACKTEST YOUR MM IDEA!!!

I didn't say a f&#*g word about using it to ENTER the trade.

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Postby prochargedmopar » Wed Sep 22, 2010 11:30 am

trueblueTEX wrote:
prochargedmopar wrote:
trueblueTEX wrote:
prochargedmopar wrote:Get a grip, ea's can't think/feel/or adapt on the fly.


I know they can't think/feel or adapt on the fly. There is no adapting in a 10 pip or Margin-call plan. The ONLY thinking is in the original buy or sell.

An EA can easily test this method since in a trading simulator, you can invoke the buy or sell (the only chance you get to think in this plan) at the appropriate time!

10 pips or margin call, run it again and enter the market at a different time.

Buy this time, instead of sell.

The purpose of the EA is not to trade the system, only to check out the viability of your MM scheme.

You have a MM idea that can be easily back-tested, that's all I'm saying.


Your dead wrong.
Sorry, Answer me how the hell an ea can know at what type of momentum or speed price moves to a certain level...or how it acts just before it hits a level.
Or best of all, you think an ea can read market sentiment? Does an ea have any s**t idea what is going on in the geo-politcal arena?
Does an ea know if the market is in a trending environment or has been ranging for days/weeks/months?

No, No, and Nope.
An EA will NOT back-test a discretionary trader with any accuracy at all.
Try it on momo/50% re-trace and see what happens.


The ONLY THING you had in your original MM idea that was DISCRETIONARY was the WHEN you made your order. After that it was 10 PIPS or Marginal CALL!!!!

I SAID you can use an EA to BACKTEST whether your MM idea is worth a s**t OR NOT!!!!!

I didn't say ANYTHING about using an EA to trade.

To BACKTEST YOUR MM IDEA!!!

I didn't say a f&#*g word about using it to ENTER the trade.


Ok, lets play nice.
How can you use something to backtest entries/exits if it doesn't know when to enter or when not to enter?
You might as well scroll through the charts yourself...but even that would not work because there is a huge part of trading that you cannot see without price moving.
Each and every trade is totally different. It's NOT backtestable.
(is that a word?)
cheers.
#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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Postby prochargedmopar » Wed Sep 22, 2010 11:41 am

Again, I knew there was news on pound, but got to break and saw price tanking so thought there is my line.....but after I clicked and it was still going very fast, I looked at the clock and said, I"m out of here as g/j can really motor during news.

Flat +1

As you can see, it still gave up 25 pips after my exit.

I'm thinking good targets may be 6 e/u, 9 a/j, and 12 for g/j.
EU sure acted like it was suppose to today, just wasn't around when setup were available.

Image
#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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Postby trueblueTEX » Wed Sep 22, 2010 1:30 pm

prochargedmopar wrote:Ok, lets play nice.
How can you use something to backtest entries/exits if it doesn't know when to enter or when not to enter?
You might as well scroll through the charts yourself...but even that would not work because there is a huge part of trading that you cannot see without price moving.
Each and every trade is totally different. It's NOT backtestable.
(is that a word?)
cheers.


Deal! :D :D

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