Learning profitable automated trading

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Old Jun 28, 2010, 9:47am   #241
Joined May 2007
Re: Learning profitable automated trading

Agreed!
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Old Jun 28, 2010, 11:33am   #242
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
Quote:
Originally Posted by meanreversion View Post
It's just pure unmitigated drivel.

He is unable to make a clear statement as to whether or not he is running real money on automated trading.

He is making vague references to "50 systems" and needing to run a diversified set of automated systems for it to work. He will never have the capital to run 50 systems, so it's totally irrelevant.

ODT is just an out and out numpty.
When Alex Fergusion went to Man utd many were calling for his dismissal.See where he took United.

With 100 k traders can trade micro lots , mini lots and full lots.If you have a $100 k account for automated trading, you can trade 5 systems with a total drawdown of 20k and trading full lots i.e $100k .If you wanted to trade 50 systems ,trade 0.1 lots .

You can go down to 0.01 lots with bucket shops with your $100k.

It is all possible with good money management.Soon I won't know what to do with the cash cow of mercenary trading.

O D T
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Old Jun 28, 2010, 6:36pm   #243
Joined Jul 2007
Re: Learning profitable automated trading

I've never heard of mercenary trading before. Mercenary is defined as a person primarily concerned with making money at the expense of ethics. How are you trading unethically, and is this profitable? Trading is actually a very honest profession in itself (price never lies). The unethical ones are those who either trade based on inside information (pretty much impossible in the foreign exchange market unless you're a central banker) or those who manage money and are dishonest to their clients (again not really trading unethically, rather committing plain old business fraud).

Or are you referring to this EA?

http://www.forexnewschannel.com/fore...orex-mercenary
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Old Jun 28, 2010, 6:52pm   #244
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by bevok View Post
I've never heard of mercenary trading before. Mercenary is defined as a person primarily concerned with making money at the expense of ethics. How are you trading unethically, and is this profitable? Trading is actually a very honest profession in itself (price never lies). The unethical ones are those who either trade based on inside information (pretty much impossible in the foreign exchange market unless you're a central banker) or those who manage money and are dishonest to their clients (again not really trading unethically, rather committing plain old business fraud).

Or are you referring to this EA?

http://www.forexnewschannel.com/fore...orex-mercenary
My definition for trading purposes is it has no regard for anything , things like set ups, systems,clinical trades and other methods which traders would normally use.A mercenary will bet against anything and everything that makes money.

The majority of traders could be going long ,whereas the mercenary is going short and gambling on breakdown of trends, set ups, aiming for stops and failure of traders through fear.You might all find it correct and prudent to go long on triple screen set ups, the mercenary might be waiting for the 95% club of suckers to retreat.

If the trades do not make money , and actually lose pips per day , the mercenary may find it ethical to use betting sequence to beat the gamblers betting against him.
Yeah , all those cxunts betting red or black all day thinking they were in a sunday market trading their chattels.

The mercenary might be buying the new lows and selling the new highs.

The only thing important in mercenary trading is risk and money management.
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Old Jun 28, 2010, 8:51pm   #245
Joined Jan 2009
Re: Learning profitable automated trading

From ODDT's last post -

"The mercenary might be buying the new lows and selling the new highs."

"The objective is not to buy low and sell high, but to buy high and to sell higher."

Proof again, if it were needed, that you are talking total and utter sh1t. You just continue to embarrass yourself.
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Old Jun 28, 2010, 8:53pm   #246
Joined Jan 2009
Re: Learning profitable automated trading

As I said before, the majority of your posts contain the same amount of logic as

"The moon is made of cheese. The moon is not made of cheese".
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Old Jun 28, 2010, 9:57pm   #247
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by meanreversion View Post
From ODDT's last post -

"The mercenary might be buying the new lows and selling the new highs."

"The objective is not to buy low and sell high, but to buy high and to sell higher."

Proof again, if it were needed, that you are talking total and utter sh1t. You just continue to embarrass yourself.

I will not try and discuss different methods and strategies with NAROW MINDED PEOPLE who get confused when three different topics are presented.They mix them all up .

Only one person got all the different manure mixed up in his head.

If a mercenary buys the lows on discretion and also tends to sell the lows on other occasions , you have a buyer of lows and seller of lows on different impulses on different days ,currencies, set ups etc.

Now you on pot.Thats enough confused amateurs here for one day..
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Old Jun 28, 2010, 11:48pm   #248
Joined Sep 2008
Re: Learning profitable automated trading

Quote:
Originally Posted by meanreversion View Post
"The objective is not to buy low and sell high, but to buy high and to sell higher."
I'm buying as high as I can but this method doesn't seem to be working

Peter
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