ForexAssistant's Posts - Page 14

Martingales; Good, Bad, or just Misunderstood. in New Traders Apr 19, 2014 at 20:59

"But your expectations that martingale is just multiplier 2 is not correct."No, it isn't. However, there has grown a general description of a martingale as just the classical argument using a multiplier of 2. And that description was only for a fair coin toss. Mathematical concepts are precise and you lose much of the idea when the concept is adapted to something other than the parameters for which it was developed.Poor Martingale, working his fingers to the bone, trying to understand a distribution algorithm and used the flip of a coin to describe his distribution concept. No...

What is your Hobby ? in New Traders Apr 19, 2014 at 19:30

You can always expect the clearest thinking, the meat and potatoes from Silverthorn. And now he speaks for all men everywhere. "Ok, I'm honest. I like Beer, Good Food and Sex!!" Is there really anything else. Bob

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 19, 2014 at 18:41

Not another one, Hey OZpips why not read what you are dropping your links on to. No, trades, no history, no interest. What you are doing when you drop something on the forum without really participating is similar to letting your dog leave a steamy mess on the lawn. You are not helping the people on the thread or the conversations in progress and you are not helping yourself because we think so little of someone who will not read the post, just leaving his his droppings on the forum without due support or anything. You are on a job interview asking these good people to employ you and yo...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 18, 2014 at 22:08

Oh, sarcasm, Sorry...

Proper High and Proper Low in New Traders Apr 18, 2014 at 22:02

All that has been written is true, from the technical traders point of view but I can answer that question from a different perspective, from the fundamental side. The high is the highest that the price has been since 2001 when the new forex spot market began. The low is like wise the lowest price. The trading area is everything in between. Where is the best seat at the football game? Half way between the two extremes. Countries need to keep their currencies in a reasonable balance with all the other currencies but especially with its neighbors that it trades most with. The span between ...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 18, 2014 at 16:19

"Hiding trade history is just a 'great' way to recruit investors/followers... "? Would you mind explaining that to me? I can't see how anyone would follow someone not forthcoming with all pertinent data.Bob

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 17, 2014 at 22:22

@FxMasterGuru ;I told you mine was too small.😞

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 17, 2014 at 22:17

@BenNathanFTA who wrote,"My opinion on this (take it or leave it, makes no odds) is this:1) ALL EAs blow eventually2) Most EAs risk too much3) Most EAs will at some point give you nasty draw downMy respects Sir, We all indeed have our opinions and I respect yours, but I would like to thank you for the curtsy of saying that it is your opinion and not that someone else is some low life (add favorite derogatory comments here) because they have another opinion. With your permission, I would like to disagree with your conclusions for a number of reasons. You have developed your opinion base...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 17, 2014 at 19:18

Sorry my friend but without the trades and history made available, we don't talk. It looks like you have something that you don't want us to know, and I am not going to be the one that finds out what it is your hiding. I have several thousand investors on my mailing list so I am always looking for new things. I'm not afraid of new things but I will check them out completely before I recommend anything. Hide things like your doing and you'll never even get on my dance card.Sorry,Bob

Martingales; Good, Bad, or just Misunderstood. in New Traders Apr 17, 2014 at 11:03

Thanks again togr;We had a pretty good round of discussions on the various martingale strategies, but the recovery system that I like is the Fibonacci. It works like the traditional martingale in that however many iterations it takes to win, you still only profit by the base amount. Here's were it differs, the size of the trade after a set number of iterations. For example, the trade multiplier size of the 8th iteration for a martingale is 128 (1,2,4,8,16,32,64,128) The trade size for the Fibonacci is just 89 at the 10th iteration. (1,2,3,5,8,13,21,34,55,89) Two more iterations, sma...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 23:37

As most people know this is a grid system and the US government has limited US citizens from using a grid, with FIFO (First In First Out) That is the reason that the account stopped in Aug 2009. I can't use this system live until I get out of the US. Again a little bit of reading would have reveled all of this. The only problem here is basically a communication problem, if you don't read, you will be stuck in your beliefs no matter how limiting they are. READ, READ, READ "You turned $200 into $1000 in a year? dude, my martingale-grid bot does that in a week."Maybe but...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 19:49

SHOW ME THE MONEY!!! Then, and THEN we can talk about mathematical theories...Done.http://www.forex-assistant.com/2008-2009.zipNote the date. Remember what happened during that period. Now look what we did.Bob

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 19:36

Show me one year without loss and I will subscribe to your happy guess method. Anything that can get a zero loss over an entire year is not an accident. And just because there are a handful of people that will not study the material and just make a bunch of pointless remarks doesn't make them knowledgeable. In fact when you say things which are obvious errors to the informed makes you look uneducated. It is better to be thought a fool than to open your mouth and remove all doubts."Assuming a 50-50% success ratio (as in coin tossing) one's account will achieve 0.1% gain ever O...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 10:48

I know there's a difference but I was trying to use a simple idea to illustrate the erroneous thinking about changing probabilities and risks. It makes no more sense to say that the probabilities of margin call decrease over time with what information that we have but in reality, the probabilities of a crash do in fact decrease over time. It's not in the arithmetic, it is in the fundamentals. If I am having to explain the differences between a type of recovery system and a trading system, we need to keep it simple.Bob

Leverage in New Traders Apr 16, 2014 at 10:36

"Leverage itself just provide you opportunity to open order with bigger volume."This is not the stock market, your answer is fine for the stock market but wrong for forex, please re-read the previous post for a better understanding of what is meant by leverage on the forex market.Bob

im new in forex trading in New Traders Apr 16, 2014 at 10:31

"I dont think ppl will sell EA if its highly profitable"Why?People are traders to make money, if they can sell a few of the very same robots that they use themselves, and use that money to fund accounts, that's just called intelligent. Is there some difference between the money that you make from trading, to the money that you make from working? I'm a capitalist, if you can make money, you do it. One thing I wouldn't sell is junk. The inference is the only thing on the market is junk because people don't sell good system. That isn't reality. People who make ro...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 10:15

"the more time passes, the odds grow increasingly worse that you will get a margin call."Where did you ever hear such a thing? Lets say I have a fair coin, and I flip it 10 times and it comes up heads every time. What is the probability that the coin will land heads on the 11th toss?Fifty/fifty. Probabilities don't change unless you are dealing with a finite amount such as removing balls from a box. And where did anyone get the idea that RISE (the 12% robot) was a martingale? This is not a mistake one would expect of any kind of trader, I wouldn't think. You don't k...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 15, 2014 at 22:49

@FxMasterGuru You know fear of what is possible almost kept me from ever releasing the program. I made it for me and my family but the thought that I could hurt someone by accident was paralyzing. My wife finally pushed me to do it. She ask me what could happen to make it happen as you suggested and the dd grow larger than the account. I told her that just one thing would not do it, but if we had a currency collapse and a malfunction of the program so the system was not hedged when the price went further out than it had ever gone before, because it was collapsing, and no one seen it coming,...

Hi all I am new to trading any advice would be helpful :0) in New Traders Apr 15, 2014 at 18:54

Oh... too rich for my blood, about the only way I would trade naked is to sit at my desk with no cloths on. Bob

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 15, 2014 at 18:45

Why have I never thought of becoming a successful trader with a strategy which produces constant profits while it is in eternal DD....?? Mathematicians think somewhat differently than other professions. We let the numbers guide us, but if you really do want to know how it works, the logic that makes it tic, it's all in the book Robotic Investing. I have nothing to hide so go ahead and read how I pulled it off. I am rather proud of my accomplishments and when a knowledgeable trader such as yourself asks, why he did think of it, even if it's in sarcasm, I get a sense of pride that I w...

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Posts by ForexAssistant