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Not one system or EA here is worth putting real money into in Galvenais Aug 10, 2013 at 03:15

If anyone able to code EAs here is interested in working with me to develop systems based on sound trading principles, please send me a private mail.

Crude oil Trading, Trader needed (experienced ones) in Pieredzējuši treideri Aug 10, 2013 at 02:12

Hey Hailkay,I trade CL live almost exclusively but never Brent. I also trade GC and ES, NQ and YSMail me if you wish to chat. See my post from earlier today about a trade I took in CL. Its on the General Forum under the title "Not one system or EA here is worth putting real money into "

Not one system or EA here is worth putting real money into in Galvenais Aug 09, 2013 at 16:14

Hey Scott,Get out of what?

Not one system or EA here is worth putting real money into in Galvenais Aug 09, 2013 at 15:56

The key for me is rejecting trades that do not fulfill my risk/rerward scenario.This is my first and only real calculation. But you need to have three pieces of information to achieve this and have a successful trade.1. Market Direction2. Logical Target3. Logical Stop

Not one system or EA here is worth putting real money into in Galvenais Aug 09, 2013 at 14:03

Lol. Both targets filled. But I was too cautious. However, thats the way I play the game. If the # wasnt coming out, I would have stayed in the trade.

Not one system or EA here is worth putting real money into in Galvenais Aug 09, 2013 at 13:54

Too close to the retail #. Closing both contracts +.19 cI dont like to be in trades at the time of # releases. Its just gambling.

Not one system or EA here is worth putting real money into in Galvenais Aug 09, 2013 at 13:37

FYI, here is a live trade I have just taken2contracts BTO Crude Light 104.49 stop 104.31T1 104.91T2 105.13

Not one system or EA here is worth putting real money into in Galvenais Aug 09, 2013 at 10:50

@superscalper If you want to sell us something superscalper, show us the proof it works. - You want us to pay you money for your system?- You want us to trust our hard earned money to a system that we cannot even see historical trades on or verify its accuracy?I say it IS up to you to prove to us that your system works. If you cant, then its obvious that your system is bogus.

Not one system or EA here is worth putting real money into in Galvenais Aug 09, 2013 at 09:41

My initial quibble was the inability to sort and filter systems so I didnt have to go through all the bogus ones and the ones that were clearly destined to fail.In fact, here is one "successful" one who claims 5% per month and I queried him on why he didnt post his historical trades and that by only posting percentages, he could manipulate what we were reading. Also, on this site he claims a 31% drawdown and yet on another fx site, it shows him with a 80%+ drawdown (you should read the entire thread - its quite enlighteneing) and here was his reply.Reading between the lines here, it ...

Not one system or EA here is worth putting real money into in Galvenais Aug 08, 2013 at 17:39

large drawdowns are relative Scott. They may be large if you compare them to the lack of potential profit in the trade you are taking. But, in general, you should never risk more than 2% of your capital on any one trade. If you are risking more than 2%, then you need to downsize your bet so that if your stop is hit, it will only cost you that.My daily loss limit is $600. If I lose this in one day, I get up and walk away until tomorrow. This will give me 100 wrong trades in a row before I go broke. Lol.By the way, I know I posted it after the fact, but did you see what price oil bottomed at tod...

Not one system or EA here is worth putting real money into in Galvenais Aug 08, 2013 at 17:05

@adrian8891 I take risks, but they are calculated risks not stupid ones. You must know pretty much where you will be exiting a trade BEFORE you take the trade. If my stop point is too far away from my entry point (i.e. my target is not at least 2x my stop) then I refuse the trade.Its not about how much risk you are taking by itself, but how much risk you are taking to get your reward. The risk you are taking MUST be worth it otherwise wait for a better setup.

Not one system or EA here is worth putting real money into in Galvenais Aug 08, 2013 at 16:50

I have traded for 5 years. At the beginning In the first year I blew out 2 accounts. Then I stopped and started again by paper trading and trying out different strategies. It took me 2 years to have the confidence to start trading again. Now, I have a 60k futures account. I make anywhere from $200 (low) to $10k (high) per week. My average is $2800 per week. I have losing days, but no losing weeks in the last year. I did have losing weeks in what I would call my first year as a proper trader.- I trade 2 contracts each time in oil and gold and 4 contracts in the E-mini (I wouldnt have all those ...

Not one system or EA here is worth putting real money into in Galvenais Aug 08, 2013 at 15:15

Thanks diversified. Im aware of issues relating to risk. From my perspective, I will look at any system that does the following in order of importance for assessing it1. Manages risk (more important than anything else)2. Makes more $ per trade than it loses per trade3. Makes profit4. win/loss % (this is the least important stat, but still needs to be calculated in combination with the avg win $ and avg loss $)But, my real point is that most of the systems here purporting to be huge winners and have massive win% are either bogus or seriously flawed. All will implode or fail over time. You canno...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Pieredzējuši treideri Aug 08, 2013 at 14:43

Im only talking about closed tades. Not open trades. How can I copy historical trades?If you are genuine, then posting historical trades wont make a bit of difference. Also, name calling is obviously an attempt by you to deflect the conversation which this site is totally rife with. Stand up superscalper and be a man. Post your CLOSED trades and prove to us that you are for real. If you dont do that then the conclusion is obvious. Your system is worthless.

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Pieredzējuši treideri Aug 08, 2013 at 14:08

By the way superscalper you are correct, you never said that your system was scalping, and I also said that it wasnt scalping. Here is what I said "For any day trader or short term trader to experience a drawdown of 31.92% is quite a damning indictment on your ability to exit losing trades before they become terminal"

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Pieredzējuši treideri Aug 08, 2013 at 14:08

There you go superscalper. You asked how to manipulate percentages. Well, you just went and did it. Oh, in one system the drawdown is 88% but oh wait a minute, if I use this system of calculating my drawdown its only 31%. Like I said. I your system was genuine, then you would have nothing to hide.Everything would be open to scrutiny. But its not and therefore because you are hiding things and manipulating your figures, I say you are not on the level.

Not one system or EA here is worth putting real money into in Galvenais Aug 08, 2013 at 14:08

Im open to being proven wrong. If you know of systems that generate some profit (and not those ridiculous 100% + returns per month that no one believes), manage drawdowns and have an average win > average loss, then let me know.

Not one system or EA here is worth putting real money into in Galvenais Aug 08, 2013 at 11:05

My title says it all.The vast majority of systems and EAs on this site are rubbish. There may be some good ones that I havnt found, but Im not going to spend any more time trying to find them. In general, the results are of most systems here are driven by one or more of the following:1. Backtested on demos only (anyone can generate great results with backtests)2. Manipulated (i.e. adding and subtracting deposits from the account or hiding trades. I noticed discrepancies in many of the figures)3. Manipulated to gain high win/loss % by using horrendous drawdown exposure and/or by averaging down....

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Pieredzējuši treideri Aug 08, 2013 at 05:36

How can anyone trust your figures superscalper? You hide your closed trades. You hide your starting balance. For the most part, you only quote percentages which can be manipulated. Plus, your drawdown is 32% and your average loss is 1.5 times greater than your average win. I see that your average Reactor 7 trade length is about 2hours 25mins. This means that you are not scalping in the true meaning of the word, but more like day trading. For any day trader or short term trader to experience a drawdown of 31.92% is quite a damning indictment on your ability to exit losing trades before they bec...

FX Amplified - Nick's Account (ForexSignals.com in Tirdzniecības sistēmas Aug 07, 2013 at 20:27

Guys,The chart looked pretty, but this drawdown was inevitable. You cant have an average loss 2x your winner. You will ultimately lose money. It means that you need to have 2 winners for very loser just to break even.You would be better off talking fewer winners and managing your losses. A robust trading system should have the average winner greater than he average loser. If the w/l ratio was in reverse and focused on having each winner 2x each loser, then you would have a sustainable profitable system. 30% drawdown is unsustainable and will happen again using the current methods.A small chang...

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