Posts de ForexAssistant - Page 17

Hi all I am new to trading any advice would be helpful :0) dans Nouveaux traders Apr 04, 2014 at 21:18

"Check 'Benoit B. Mandelbrot : The (mis) behaviour of markets".I actually own a copy of that. Not the easiest read as they tried to explain math concepts without using mathematical equations. But they manage to get the idea across. @FAS Harmonics do seem to exist but not within the same currency pairs. The logical reason for this is the element of time. A true harmonic would happen simultaneous or very close to the main event. However, one currency pairs movements can have several harmonic occurrence in related currencies. Certainly, I have been looking for a steady harmon...

Name 5 brokers You would trade with for 60ts> usd trading account without fear dans Traders Expérimentés Apr 04, 2014 at 20:37

There are two answers to that question. The first is the straight out answer, Lucror out of New Zealand. I can say that because I know the owner and talk to him on skype from time to time,so I feel that I can trust him. But that brings up the send part of the question, can you really trust anyone? What is preventing my friend from going insane? Or dieing? When you are setting up your investment strategy, the best or safest strategy is to diversify often. Add new brokers and keep the total balance small. If you are a US citizen and are restricted to 50:1 for the margin, I can recommend FX...

How To: Truth about Managed Account dans Général Apr 03, 2014 at 22:38

Ardit wrote, "Well, not really. I don't offer managed accounts,"I realize that but you know that industry better than a lot of people here, so your opinion is a good starting point. As you don't invest on behalf of others, your opinion has greater weight because you have nothing to gain or lose by your answer. My field is mathematics, if someone wants to know about mathematical systems (fundamental), it would make sense to ask me but I know only the rudimentary basics about technical trading systems used by account managers. So, until I find a way to judge managers like we...

Passive Income Generator dans Systèmes de Trading Apr 03, 2014 at 19:55

The safety settings run backwards from the balance factor. The balance factor determines how large the first trade is. Divide the balance by the balance factor then divide that by 100. $4,000 is too hot, would recommend starting with $5000. Lets say you have a balance of $16000 and a BF of 5000 16000/5000 is 3, so your first trade in the set would be for .03 lots.A safety setting of 4 was equal to a balance factor of 5000 however the new release just uses the balance factor as the safety settings were eliminated when we discovered that they were not making using the system any simpler an...

Hi all I am new to trading any advice would be helpful :0) dans Nouveaux traders Apr 02, 2014 at 19:55

Quantum mechanics, you mean where objects can be in multiple places at the same time Quantum Mechanics? OK FAS, you got my attention, I'm all ears.I think we all will have to accept basic physics principles in the market, particles in motion tend to stay in motion unless acted on by another force. The price represents something that is effected by some other forces. 'For every action there is an equal and opposite reaction' (spikes) and friction (resistance), all have the same effects on the market as we see in physics. But a quantum effect?I was thinking about the double slit ...

How To: Truth about Managed Account dans Général Apr 02, 2014 at 17:24

"new rules, it forced us to really innovate a lot of really neat concepts ",ah, the silver lining. I'm afraid it didn't quite make it to me. All that happened to me was hatred for the morons that are currently destroying our country and make me feel the need to get out. I am glad for folks like you that can still see some good in all the evil that has taken over the US. I wish I could be like you. Unfortunately, all I see ahead is pain.Bob

How To: Truth about Managed Account dans Général Apr 02, 2014 at 07:38

My friend, I am with you. There is actually a chance that FIFO was created because of me. In April 2008 I started testing a new system. That year was something else, the price was moving constantly. The robot did very well, no losses, but that was expected because the system was a modified grid. What wasn't expected was 300% profit that year. (The average now is only 12%) Within 6 months of this system being first tested, the announcement came about FIFO, by Aug 2009, it was finished. The grid was used when the price stayed between the historical high and historical lows for the pai...

Hi all I am new to trading any advice would be helpful :0) dans Nouveaux traders Apr 02, 2014 at 03:44

Better yet, learn to make money doing what you love doing. That way even if you don't make much money, you still got the love.This too is free advice and worth every cent, I might add.Bob

How To: Truth about Managed Account dans Général Apr 02, 2014 at 03:05

Question, when looking at robots, we can get a pretty good idea of how good the robot is by how long the trial period is. Is there anything like that which would indicate whose good and who isn't for managed accounts? As for me, If I were considering managed accounts, honestly I would ask Ardit, that is area of expertise, and by the looks of it he's getting pretty good at it too. Bob

Passive Income Generator dans Systèmes de Trading Apr 02, 2014 at 02:36

I use a balance factor of 5000 or a safety setting of 4. I tend to think that where there isn't much in the account to lose, I can afford a little extra risk but as my account grows, the balance factor goes up and the safety settings goes down. You can see what I was saying about back tests. Short term are closer to real than long term ones. Earlier you did a BT for 12 years and got 8.7% a year. But in just 9 months you got over 20% on that last test. That is too big of a discrepancy to try to rely on. I am forced to work with back tests from time to time, but I hate them.However, t...

RISE AUDCAD dans Systèmes de Trading Mar 26, 2014 at 09:45

Wow, that some review, thank you. I was thinking technical suggestions but was more impress with your writing, are you a journalist or writer in a different life? I would be willing to co author with you if you think it would be something that would be of value. On a different subject, I have to take a little down time. A couple of days. Sometimes life can be a little overwhelming which is just Gods way of saying "slow down a little." Think I'll listen.Cheers mate, (always liked that expression)Bob

Passive Income Generator dans Systèmes de Trading Mar 26, 2014 at 09:21

You're working on back test? I could never get reasonable back-tests results. I have forward demo test to compare to and starting at the same place my forward test did, the back-tests always missed and by a fair margin. The only thing I can guess at is there may be missing data to cause the differences. I do not use back-tests, I don't trust them and don't believe when others show me their back-test for something. I have 7 years of dealing with them, and still haven't found them trustworthy. That said, I can tell you why this one won't back-test. Normally the take pro...

Psychological aspects of traders and investors. dans Traders Expérimentés Mar 25, 2014 at 09:33

OK, I got one for the Psych team. Remember when I posted "Have you ever heard the term, human error? Or don't beat yourself up, your only human?".I had to do some updating on my programs because of the MT4 600 conversion. So while at it, I made a few changes to make the Pegasus program a little easier to follow. What I wasn't thinking was that every time I compiled the program, it reset my settings to the default where the pause button was set to off. The pause is to catch run-a-way trends. (Like spiking in the wrong direction) Incredibly, the few minutes that I was work...

Fraud Robots dans Général Mar 25, 2014 at 03:19

I create robots and I can let you in on somethings. First if a developer isn't willing to let you try out their system before you buy it, there is a reason for that. You can't always know what your buying but the developer knows, and you can read what they think of their product by how much they trust you. If they have a fairly long trial period, they think that their programs will stand up to scrutiny. Look for at least 90 days. Another way to tell if the robots are based on sound, logical practices is by reading the manual. If they will not tell you how it works, this is known a...

Incorporating dans Traders Expérimentés Mar 24, 2014 at 22:09

First of all never avoid paying the governments extortion demands (Taxes). They got guns and are they're not afraid to use them. Your off shore lawyer (Like Orion) can help you open a bank account for your corporation. You can send money to that account just like anyone would by writing a check. Of course being off shore it is a lot easier to do a wire transfer. Stay under $5,000 a month and the snoops will not usually bother. When you take money out of the business account for your own use, you have to claim it on your taxes as either employment income or dividends. Talk with your a...

Passive Income Generator dans Systèmes de Trading Mar 24, 2014 at 09:28

Time frame is not important as there is no indicators to play off of the time charts. The Aud/Cad has a fair amount of up and down movement while keeping the total trading range low. You can put the program on other currency pairs but I would start with the aud/cad until I got a nice long look at the other pair to see how it operates. You want lots of up and down and not too much of big jumps away from center. By the way, if you have any suggestions to make learning these programs easier, we would be sure glad to hear them.Bob

RISE AUDCAD dans Systèmes de Trading Mar 24, 2014 at 04:45

I appreciate the feed back. As you know this was designed to be a retirement program and as such has to be safe but unfortunately, that means not as much return. However, it is as safe as bonds which are paying around 2% a year, annuities which are around 6 to 8% per year, or stock dividends paying about 4 to 5%. So in its right category, RISE is a great addition to the portfolio. In trading circles where people actually have to work for a living, well, yes they can make more. Please let me know what you thought about the Passive Income Generator and Pegasus. And the book, how was it to ...

Passive Income Generator dans Systèmes de Trading Mar 23, 2014 at 17:28

The Passive Income Generator was designed for use on US brokers. It is a quasi no loss program because although the PIG will open several trades over time, a process known as feathering into a trade, they will all close at once. When they close, there may be a loss or two but the total will always be for profit. The passive income generator is a stand alone system that can be down-loaded free and used on your brokers demo account for as long as you like until you are happy with your program. To purchase or down-load go to TheSafeInvestor.com For general theory and operational nuances go t...

RISE AUDCAD dans Systèmes de Trading Mar 23, 2014 at 09:29

Martingales only have one open trade at a time, you can tell a martingale because the trade size doubles on every loss. You have to look into the trade history to tell what kind of a system you have.When you look into the history of RISE you see that they are all for profit, a Martingale doubles the losers. A martingale is only one type of a recovery system. It also doesn't work very well. However, there is a recovery system based on the Fibonacci sequence that uses PHI that works like a dream. RISE is a split grid. A standard grid doesn't work all that well but a split grid is a...

Psychological aspects of traders and investors. dans Traders Expérimentés Mar 23, 2014 at 07:01

Andrey, that may be good advice for technical traders, but systemic trading, a type of fundamental trading, requires a different set of guide lines. That is something you learn about first then understand what the computer is doing, but humans can't trade that way, manually. No need improving the core but of course, there are always new things to learn to add on to the core. From quote, "you can only use a robot created by you on your trading strategy. " This is exactly what I saw 7 years ago, traders trying to get a computer to trade like a human. They are not human and the...

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