Why You Lose At Trading

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forexbob
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Postby forexbob » Fri Mar 05, 2010 11:51 pm

TheRumpledOne wrote:
jimbob wrote:my only criticism of TRO is his unwillingness to offer backtestable code for his theories.

i have stated in other forums that i think his indicators are inspirational, however without the ability to test on enough data, they remain only theories.


1) Most people do not know how to back test properly.

2) I provide source code so you can make it "back testable".

3) I post opportunities in REAL TIME and you have at least 5 minutes to get ready to take advantage of them. Then I post results. Who else does that on a regular recurring basis?

4) I have made many frequency distribution indicators that show how profitable the setups can be.


@1)
backtesting starts with good tick data, i think michael kreslik has written some interesting articles about it.

further for the interested students (from Yale and others) explanation
how to get tickdata from dukascopy :

http://eareview.net/tick-data

@2)
thanks

@3) don't make me a lazy rat :-)

@4) ...
The highest Forex rebates: http://www.cashbackforex.info

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franck
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Postby franck » Sat Apr 10, 2010 10:25 am

Let the open of one's position be the open of a custom X time bar, and we plot these time bars for all the traders who open a position. By default everyone's bar opens and immediately has a wick = spread. Does your bar similar to those 95%? :)

5 minutes has passed, what is your bar look like? After 1-4 hours, does one still wait for the day to close to confirm that one should not be holding it? Imagine if it is the 1st color bar against, and have fear.

Look in a bar, and ask - is entry important? It is very important. Where is the best entry?

No stress.
* anyOne can be prOfitable tradING ANY line. see it?

csbueno
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Thanks..again..

Postby csbueno » Tue May 04, 2010 9:14 pm

Hello Avery,

I just want to mention, that, after reading your book and developing a trading plan; Im trading less but with more consistent results. and with basically, no indicators





thanks.

Carlos

http://csbueno57.mt4stats.com/

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Patch
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Postby Patch » Wed May 05, 2010 3:02 am

csbueno

I can't tell you how great it is to see your post. Keep up your great work. As for me, I am still working on my BuyZone Ea project. Making progress, slow but moving forward.

Patch
InVA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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TheRumpledOne
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Postby TheRumpledOne » Wed May 05, 2010 9:36 pm

csbueno:

That's great!

DRAIN THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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nic72
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Postby nic72 » Wed Aug 18, 2010 6:54 am

I read the whole book at once, it had explanations of the many questions I had. But I will read it several times again. I have never invested my money as well as I did on this book.
Reality written by an independent person, it cant be better.
Thanks Avery!

/ NiC

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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 19, 2010 12:20 am

Glad you liked it NiC.

Now go and DRAIN THE BANKS!!
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.

mtuppers
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Postby mtuppers » Fri Nov 12, 2010 7:48 pm

the only reason I loss trade is I am not follow my own system rule

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ajaymein
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Postby ajaymein » Fri Nov 12, 2010 8:33 pm

mtuppers wrote:the only reason I loss trade is I am not follow my own system rule


I had that same problem for MONTHS upon MONTHS...its one of the most difficult humps to get over...PATIENCE is the key and once you learn to TRUST yourself and your system, you will know that if you just wait, money will roll in easier then ever.

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adaseb
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Postby adaseb » Fri Nov 12, 2010 8:42 pm

wow this is an old thread. i started reading from page 1

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