Thread: Finally Im profitable - I need help coding the EA - Willing to share the egy

The problem with a lot of traders (and gamblers) is they think two weeks, six months, even a year, testing on a demo (or a live account) is a good demonion of how solid their system is but it is not. (Read 'Fooled by Randomness' by Taleb).

As Hanover has said, the only way to become profitable longterm in fx (and gambling) is to have an edge whether by fair or foul procedures. A staking egy isn't an edge in itself and it won't turn a negative edge into a favorable one. The Martingale staking plan has led to the death of plenty before you. It seems really plausible but like all those friendly ppaths on the market, it will kill you only when you feel secure.

Dear Dr.,

This isn't the sort of martingale which bets on buy or sell infinitely and gets trapped and blows away. I very well know Mr Market is Larger than Any person to say the least, its of poc type work for gbpusd that it can sustain the volatility that we had in past couple months with its own style and make some profits aswell trading micro lots mostly. It's possible to check its stats here nearing abt 2000 pips* http://www.myfxbook.com/members/supe...-trader/369431

god bless

Thanks. May until August is hardly an evaluation of signifigance but best of luck.

hello Doctor,

I hope you're watching the improvement for this month around the GBP USD program also, performance summary reads as below in the attachment. It is upto the task with consistency.

regards,

Hello Guys,

I'm re-visiting this forum after long ago. I've obtained this method tuned not simply to work for GBPUSD alone, infact I termed it 4ProngAttack to make it work on GBPUSD,AUDCAD,EURGBP AUDNZD after analyzing their trading ranges/fibo retracements etc..

Please see couple of accounts where I've setup and its operating reside:


a) (Starting Balance: 5000usd)

http://fxrsi.mt4live.com/

b) (Starting Balance: 8090usd)

http://www.myfxbook.com/members/supe...gattack/637409

Any comments/feedback welcome.




Regards,

Originally Posted by ;

Hello Guys, I am re-visiting this forum following long back. I have got this system tuned not just to work for GBPUSD alone, infact I named it 4ProngAttack to make it function on GBPUSD,AUDCAD,EURGBP AUDNZD after studying their trading ranges/fibo retracements etc.. Please find couple of accounts where I have setup and its running reside: a) (Starting Balance: 5000usd) http://fxrsi.mt4live.com/ b) (Starting Balance: 8090usd) [url=http://www.myfxbook.com/members/superswingtrader/4prongattack/637409]http://www.myfxbook.com/members/superswingtrader/4prongattack/637409...

appears good. At which stage do you decide to spend the loss?

Hi Darren,

It Utilizes Hedge in place of Stoploss to Detain the DD. Thats the idea and the pairs chosen are of unique in nature

a) GBP USD ( one country economy as opposed to euro (anytime theres talk of bailout/panic in PIIGS countries) )

b) AUD NZD ( Trans Tasman Rival Cross Pair - Daily ADX ranges are somewhat reduced )

c) EUR GBP ( Lower Daily ADX ranges)

d) AUD CAD ( AUDUSD and USD CAD are inversely correlated in the sense you dont see both above parity or under parity exactly the same period, moreever AUD(signifies GOLD) owing to gold minery aussie economy Vs CAD ( Crude Oil debased economy))

Regards,
ScoobiDoobi

Hello,

Let me know the details. I'll be inclined to code mql.

cheers
BSM