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Yoda

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Posts posted by Yoda

  1. For me, and this is me, (take it for you will) I have, after trying and even writing dozen of EA's and doing thousands of strategies here and there, the thing I NEVER learned over the hopeful years was that A: There is no "holy grail" strategy or EA that will have 100 percent wins and no losses or even close. This is fantasy. There is no EA or strategy that will have you rolling in constant bliss as the money keep coming in. It doesn't happen. Sorry.

    And, most important..: A particular strategy works off the concept of having an 'edge'. In other words, the ability to return, over the LONG run, a profit.

    You've probably heard before that casinos stay in business and make a handsome profit over the long run with just a meager 4% edge? Yes! They give away 96 damn percent of all intake as wins to the gamblers!

    Trading is the same way. You find a strategy with an edge (There are TONS OF THEM ON THIS VERY WEBSITE YOU ARE READING) and

    LET THE STRATEGY WORK IT'S EDGE for you.

    How many of you find this new promising strategy and trade with it, all hopeful like, then get a bad string of trades and get frustrated and toss it in the bin? Huh? You have. I have. We ALL have.

    How many of you get a strategy and get a few losing trades and then start trying to "improve" it without even backtesting the krap out of your modification idea? ME?<---Guilty as charged.

    Instead of a strategy working it's edge, how many of us "average in" on our losing trades, take smaller profits because we think we might lose money on the set trading plan with a particular trade?

    Did you know that if you do these things, you no longer have an edge. All you have is a trader throwing away money to emotion, greed, and lack of patience and ignorance on how the science of the math of edges works.

    Guys, find a strategy. STICK TO THE DAMN RULES, and let it play out for the long term. You will thank me later.

    =)

  2. Look closer. It is NOT a patent but only a copyright. I can wipe my a** with a chart and copyright it. That's just how much a copyright is worth.

     

    Just got this email promoting the first-ever patented Forex robot by the name Forex Striker.

     

    The US Library of Congress official website indeed confirms it as registered: http://cocatalog.loc.gov/cgi-bin/Pwebrecon.cgi?v1=2&ti=1,2&Search_Arg=Forex%20Striker&Search_Code=TALL&CNT=25&PID=nzexKav0hR1CuF3XPv-JorKxMLJG&SEQ=20120115205142&SID=1 .

     

    The authors display the registration certificate on their site at http://forexstriker.com/

     

    Further found its live test on the FPA site: http://www.forexpeacearmy.com/metatrader_expert_advisor/forex_striker/real

     

    What type of strategy is this?

  3. The indicator RSI_MTF set to D1 does exactly the arrows jaguar does in backtest. It won't repaint in backtest either on lower TF but in forward test it will because it's based upon DAILY timeframe and will repaint all day until a new day begins. SOmething in the indicator makes it not repaint in strategy back-testing.

    I have no idea what those little dot things are though. Maybe the same indi made into a histogram.

  4. Getter done Dannydon!

     

    Found the Perfect Trading System

     

    After struggling for 10 years with numerous sleepless nights..I finally got the perfect system....perfect system means ....(drawdown of 1 to 5 pips - 85% of the time......drawdown of 5 to 10 pips - 10% of the time...and in exceptional cases drawdown of 20 pips - 5% of the time) with a risk reward ratio of 1:10-100.......and finally a win ratio of 95-100%...mostly the 5% loss will be breakeven or loss of not more than 10 pips

     

    I understand the crux of making money in forex is confidence and exact entry point.......can you tell when the price is going is break the trendline....can you tell this 30 minutes before the price acutally comes and tounches the line...this is what is the perfect trading system...

     

    No indicators just naked trading so nothing to share, however, anyone struggling to make money...I can help you to recover all your losses in 2 weeks FREE (because I have a full-time job and US market opens at 3 am in the morning so some days I do not trade) ...just thinking how to go about doing this since the the trades need to be taken instantly to have the drawdown of less than 5 pips and since the trades are based on 15 minutes and holding time is average 30 -60 minutes.

  5. Sorry to beat this into the dirt, but I'm sure you know how things can get "lost in translation" on forums, as it were. Could I trouble you for exactly the step-by-step methodology you are talking about? You mentioned the RSI set to 21 but nothing about the NT indicator. I'm looking at my chart trying to figure out exactly what you are looking for and how everything meshes together on a H1 chart and I'm just totally at a loss trying to figure it out. @-)

     

    Absolutely. I have a simple mind and need to keep things simple. Too many indicators spoil the pot.
  6. Can you be more specific with the settings? I put in 50 for the rsi cross and the indicator window goes blank. =/

     

     

    Using a 10 pip take profit and a 15 pip stoploss and the 21 RSI cross of the 50 on the EUR/USD beginning on 7/30/12 through 8/8/12 I had 9 trades and no losses. The following is EST time.

    7/30 2100, 7/31 0500, 8/1 0100, 8/1 1000, 8/2 0300, 8/2 0800, 8/3 0200, 8/6 0800, 8/8 1800. With the exception of the trade on 8/3 which gave me 64 pips the others were 10 each for a total of 144 pips on this one pair with zero losses. At the same time there were 7 winners and 2 losers on the EU/JP, 7 winners and 1 loser on the AU/US and 8 winners and 1 loser on the AU/JP. I netted a little over $3000.00 in 8 days. I am not trying to sell this thing because it is free but in a market like we are in now plus the fact it is August I am happy with almost $400 a day.

  7. Just ask to join the groups listed there on Facebook. You can also get more info and tons of stuff on his blog: h++p://lordicescurrencytrading.blogspot.com/ and get his email there if you have any questions I can't answer.

     

    Oops. A mistaken identity. I see it now, he's FX Lord ICE and I was referring to ICE Man. So, in order to register for his free training, we need to join his Facebook page? I recieved a couple email from his Facebook, but there's no instructions on how to register for his classes. There are a number of other websites that provide free trading training. http://www.inf*rmedtrades.c*m/f111/
  8. Nope. Wrong ICE. This one is Romanian and he training anyone and everyone.

     

     

    In the past this guy, ICE, has offered a free mentorship to a lucky individual. I think the mentorship was a work/study program inwhich the student worked in ICE's office and also received training. I don't know if he does that anymore. I think ICE lives in New York city. I also get his newsletter from iceman081@h*tmail.c*m (St*cksThatM*ve.c*m)
  9. Michael, its not a strategy. It's training from the ground up. His current venue is facebook but you can access his blog and probably the training from his blog: h++p://lordicescurrencytrading.blogspot.com/

     

    BTW, if you FB is getting hacked someone knows something, like your email password or something. I would try creating a whole new email, like gmail or something and create a new account but don't enable any apps or anything. Use it ONLY for trading purposes. I have two. One for friends and family and one for trading. Works like a charm and haven't been hacked yet.

     

    ps, his Fibonacci stuff is simply mind-blowing and I've used fibs a lot.

  10. This guy rocks! He trades forex for a living I though I would pass it on. He is not nor will not be selling anything. You all are invited:

     

    "DO YOU WANT TO LEARN TRADING ?

    DO YOU REALLY WANT TO BECOME FULL TIME DAY TRADER ?

     

    I've just created 3 groups for my new FREE trading education course project:

     

    -Lord_Ice's Forex Trading Course: Beginners

    -Lord_Ice's Forex Trading Course: Medium

    -Lord_Ice's Forex Trading Course: Advanced

     

    For the moment will be available only this one:

    h++ps://www.facebook.com/groups/142352482565932

     

    Ill prepare the materials until the end of this week (documents + videos).

     

    The course will start on Monday, 04 June 2012 and will last for 2 weeks. All requests received after 10:00PM GMT, Monday 04 June 2012, will remain "pending" for the next class, in 2 weeks.

     

    I will give you every day 1 lesson + 1 document + 1 video, to study. You can come back with questions related to that lesson and I'll give you the answers.

     

    When you will finish all the lessons related to this level you will have an exam with pools for answers to proceed the next level group. ( this test is not mandatory, but will help you to see what's your level as trader ).

     

    This class is not enough to become a successful trader. You need to study a lot more. But will guide your steps to understand which steps you should take and what to study according to your level.

     

    Thank you all for feedback and support related to this new project.

     

    Ice."

     

    Moderators, since this is a FREE training opportunity and not (nor ever will be) commercial, I put it in this thread. If it's wrong, please move it where it belongs. Thanks!

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