Newbie: Does this system look ok to you? -
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thread: Newbie: Does this system look ok to you?

  1. #11
    hm no I would like someone to check out the information without knowing the true set-up and create some conclusion based only on the data. If the setup is explained it won't be pure information analyse and what I am looking for is information analysis of the current results.
    Just to add to my post above I looked at the data and one of the most important figures was average loss against average win. I note your normal loss is 2.5 times the typical win. The win rate is high and therefore that suggests to me your system is some sort of semi Martingale. I couldn't find the maximum percentage only loss but I am guessing it could be rather significant.

    By way of instance, the January 17th drawdown was 16%. Was this one trade? I would look into this, since, though the win rate is high, two or three losses could ruin the account.

  2. #12
    Junior Member djkalyspain's Avatar
    25
    In this FORUM and at FOREX Business, People will tell you exactly what you wish to hear... Unfortunately for you, I will inform you the facts, and you'll dislike me because of that, or perhaps try to ignore me. There is not any such thing as a system in FOREX, because you can't forecast the future, so you are are gaming. FOREX as we understand it, is pure randomness. This isn't a science. But it's been proven over and over again, based on millions evaluations and on studies that LONG TERM you will always drop in a gaming. PROOF...
    blah blah blah, I couldnt make it so no one can.... Best thing I did was got away from forums, its a giant pissing contest!

  3. #13
    Whoops!



    No wonder I didn't get a response...

  4. #14
    Member mihai's Avatar
    55
    quote Just to add to my post above I looked in the data as well as among the most crucial figures was average reduction against average gain. I note your normal reduction is 2.5 times the typical win. The win rate is large and so that suggests to me that the system is some kind of semi Martingale. I could not discover the highest percentage single reduction but I am guessing it could be quite high. As an instance, the January 17th drawdown has been 16%. Was this 1 trade? I'd look into this, since, although the success rate is large, 2 or 3 losses could ruin the account....
    Did not see this. . Sorry

    Its not Martingale its a scalper compared to MG. The few drawdowns were since we needed to shut the rankings manually and take some reduction since there were a few significant news coming to the EURUSD and we thought we take the reduction we had in EQ before the news rather then risking for much larger reduction. It might change our way but we had and have no idea how to read news, and how to trade on our own in general.
    So that the drawdowns from the graph are we shutting manually trigger we got stressed...

  5. #15
    Junior Member Oxnzanares's Avatar
    21
    this was my 1st account in which I broke 500usd 4-5 decades ago and stopped looking at Currency Market Until annually. . Anyways that is not the point I never ever claim I understand anything about Currency Market!!! If I knew Currency Market trading good I would not ask simple questions. Pity that nobody has an notion of if a machine is good just by looking at the data! How do you guys make money if you cannt analyse simple data??? If somebody post his poker data with general stats about his game I would have the ability to earn at least simple decisions! Anyways I will look for a way to get...
    I don't think anybody can test a system by looking at the past data. In Currency Market this is worthless. Because you cannot take a decision by looking at the past data. Even better if you can do forward testing.

  6. #16
    quote did not observe this. . Sorry Its not Martingale its a scalper than MG. The few drawdowns were because we had to shut the positions manually and take some loss because there were some significant news coming to the EURUSD and we thought we take the loss we had in EQ ahead of the news rather then risking to get much larger loss. It might alter our way but we had and don't have any clue how to read news, and how to trade on our own generally. So the drawdowns from the graph are we closing manually cause we got worried...
    Right, so I think you have answered your own question. If the robot was trading a drawdown that had to be closed manually for fear of ruin, then it's useless.

  7. #17
    Member mihai's Avatar
    55
    quote Right, so that I think you've answered your question. If the robot was investing in a drawdown that had to be closed manually for fear of ruin, then it's useless.
    Hmmm true!
    thanks!

  8. #18
    Member mihai's Avatar
    55
    quote I do not think anybody can analyze a system by looking at the past data. In FX this is unworthy. By looking at the data, as you can not decided. Even better if you can perform testing ahead.
    Its better than losing previously. .

  9. #19
    Junior Member crisbena20's Avatar
    29
    Nice answer! I will not ignore you and that I shall always take into account that at the end I will lose all of it. Thats why I will only play with cash I'm not scared to lose or cash that I'm prepared to gamble. . I made pretty good money playing poker for approximately five years and I understand whats losing and winning seem like The so called system is based on the randomness of the trades has some not overly intrie logic around it. It worked for more than one year on play money account and made a few nice profits. I understand back functionality isn't establish for future but...
    I completely agree with this article. I have 7 years of trading and that I was a programmer before. I've ever seen any systems that really work consistently.

  10. #20
    quote I completely agree with this article. I have 7 years of trading and I was a programmer before. I've ever noticed any systems that really work consistently.
    That I think that the programmer needs to be a good trader, or be instructed by one. The majority of the robots I've observed have achieved daft things like commerce if there is low open or liquidity transactions before major news releases. Just thinking about it makes me shiver. One of the best I attempted was a simple mtf ma system, but I had to babysit it and switch it off following the London close. It might miss some opportunities that are great also. Easier to exchange myself instead of waiting for a machine to make mistakes.

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