thread: How I Turned 1k To 100k In A Wk!!!

94840wrong post. .

Many thanks to the poster who moved MG's transactions to Excel for analysis! I have been attempting to do that but I have not had the time to do that much typing. I had a feeling that the transactions were weighted heavily toward a single currency or pair, but I thought the bias could have been leadership. Instead we see profits on GBP/JPY moving both long and short. This is a really volatile pair (test this past week!!!) So it may be worth focusing with this particular pair for Demark trades.

I find it odd that AUD/JPY resulted in declines in both directions, and GBP/AUD (the third side of this triangle) only had one commerce. Considering these transactions pay such a brief time period, possibly us can notify - is Guppy the most profitable pair, or does this make sense to spread the risk among several pairs?

Like funyoo, I have discovered that transactions rarely get to the TP created by this Demark signal. I've feeling that MG manually TP well before that point with the usage of Keltner channels along with other filters. A stop would be easier to execute, methinks.

94840

Hello,

COT

Thank you MG for your informations about COT, I believe that we can use these data and make regular profits with only one trade each week and each pair (see this particular system, there may be additional version). For the previous two weeks, I get 1442 pips for gbpchf and 1943 pips for gbpjpy. COT is absolutely one of the indior. However the big month like august was not striking with COT and SL are occasionally quite large (gt;400pips). But it is another strategy.

Demark Lines

I've traded this week with Demark Lines, here are my results on H1 and H4 timeframes as well as 31 pairs:

H1:

Complete: -2584 pips

audjpy 479
cadchf 436
euraud 348
gbpchf 248
eurchf 247
...
gbpaud -374
audcad -385
eurcad -387
eurjpy -404
cadjpy -602

H4:

Complete: -1549

usdchf 538
gbpcad 365
eurjpy 317
cadjpy 273
nzdjpy 176
...
audchf -233
gbpusd -245
cadchf -310
gbpnzd -404
gbpaud -462

H1 H4

Complete: -4133 pips

usdchf 694
audjpy 422
gbpcad 359
nzdjpy 308
gbpchf 248
...
audusd-416
eurnzd-526
eurcad-545
audcad-563
gbpusd-574
gbpnzd-593
gbpaud-836

Note:

The key problems are that there isn't any particular rules about SL, so I've used for half trades the previous Highs and Lows and for the other half the upper/lower trendline /- 10/20/30 pips (the results are rather similar for the 2 periods). The TP suggested by Demark Lines are too far away from the spot, the majority of pairs rarely reaches on these TP. As a result, you may often see open trades with 200, 400, 800up to 1600 pips of profits (such as H4) that totally disapear with time. That a direction of every trade is necessary. The trader has to modify the SL and shut the trades when the return are great. Here I've only set orders, and closed trades once I need to place an order in the opposite direction (too many pairs to make MM).

Expert Advisor

Therefore, if we create an EA, and that I believe that it would be interesting for this trading platform, we should add two options for the SL, an automatic one with X pips over/under that the upper/lower trendline and a guide one with X pips (based on pair's possible ). Also a stop will be critical. Then no TP (in choice only). An EA predicated on this particular indior already exists, it is http://www.forex-tsd.com/expert-advi...to-trader.html but it was developped having an old variant of Demark lines (2005) and the results are absolutely bad.

No SL, no TP

Also I've discovered that if we just wait the following sign without TP and SL, some pairs generates (for the moment) steady positive or negative returns:

gbpchf 739
xauusd 287
gbpjpy 250
chfjpy 228
eurchf 209
...
eurjpy -288
xagusd -305
eurcad -372
gbpnzd -383
eurnzd -426
euraud -558
gbpaud -937

We can reverse the system for the damaging pairs and also get about 5000 pips for this week end. Of course, no SL no more TP is risky and a single reverse trade of 200-1000 pips (during enormous tendencies ) will erase time and efforts spent on the charts. One week is not enough to know whether it is regular. A backtesting could be interesting to verify.

We can even reverse the system for the demo testing results (-4133 gt; 4133), the identical problem will appear with Max Drawdown overly important and SL overly large.

Thank you for the Fantastic articles by Eklavya Funyoo--
Sorry guyz, of late I've been really busy w my driving lessons car shopping --Phew, studying driving in NYC is like Foreign Exchange trading--wild world
I had a decent last wk--netted around 300 pips w/ little leverage--
Coming back to topic, like I mentioned before profit taking is a skill you grow w/ experience conviction-- if You're overleveraged, Don't Wait for big pips--on the other hand, if You Don't Eliminate sleep over your position, you have the luxury to continue to your commerce for a while even when it goes a/g you originally --
Something, I thought that I should share with you--because I was reviewing my last yr's functionality, I found that over 99% of my trades could have been profitable if I held on to my position w/ max drawdown about 600 pips--each trade came back in my favor after some time --the max wait time I found 4 mths to a lengthy trade I took Gbp/Usd about 1.97 at jan'07 (liquidated the position following -150 pips drawdown--it finally went to 1.94ish--and you know the rest--)
Therefore, why such a high success rate--coz, I mixed COT report TA took a position when TA confirmed COT report hints for near-medium duration --
that I am going to apply this knowledge to my trading that this yr--will see what happens at end of yr--

that I am going to post what I see from last wk's COT report (12/31) for the forthcoming wk (01/06--01/11): this report may not be accurate as market involvement was at minimum--so, please use this interpretation w/ discretion proper MM:

Cad: bearish bias
Chf: volatile trading w/ bearish bias

Gbp: Bullish bias
Jpy: volatile trading w/ bearish bias

Eur: Bearish bias
Nzd: bearish bias
Aud: bearish bias

GL/GT

94840I just wanted to say since you take my trading knowledge one step 19, I enjoy reading your posts.

I have one query however:

how can you determine in the COT reports that Chf: volatile trading w/ bearish bias lt;-- the most explosive trading part? Thank you a lot.

94840That's strange... NZD/USD COT is bullish the way I see it in the previous report.

94840can Someone provide me with All the Laguerre-ACS1mq4 not ex4but mq4
Thank You

94840

I just wanted to say I enjoy reading your posts since you take my trading knowledge one step farther.

I have one question however:

How do you determine from the COT reports that Chf: volatile trading w/ bearish bias lt;-- the explosive trading part? Thank you a lot.

It means there Isn't much difference b/w long brief open interests in noncommercial category --that's where the volatility comes in--that the see-saw activity --but, remember, it is Only a proposal, not a certainty--

GL/GT

94840

This means there is very little difference b/w long brief open pursuits in noncommercial group--that is where the volatility comes in--the see-saw action--but, remember, it's only a proposal, not a certainty--

GL/GT

Interesting.... Mysticgenie can you create a post describing how you enterpret the COT report? Im interested to find out more.

94840

Interesting.... Can you make a post describing how you enterpret the COT report? Im interested to find out more.

Please read through my whole article --You will find your replies --

GL/GT

94840

can somebody give me all the Laguerre-ACS1mq4 not ex4but mq4
thanks

Weird but no one appears to be sharing it has it. Do an internet search and find out what I believe no forums or anything. The first one is available though not that one. That means if anybody desired to make an EA with this indior they can get it done or not?