From Zero to Hero - in a year's time

babyjake1961

Well-known member
391 13
Oops,
Me thinks op was setting himself up as one who could give advice and now that's unraveling!
At least positioning is a tad less but soon this will all die down and myfxbook deleted.

I would be very happy to be wrong but it's not happening often.
The EA took a perfectly normal series of losing trades based on its multi-year backtests (with only half of the total of its trades being winning) and some people already grow psychotic beyond belief. Why?
 

timsk

Legendary member
7,600 2,375
Hi Tim,
If the OP doesn't mind, I'd love to read what else you can share on this topic. It's extremely important.
Looking forward to your next post.
Cheers,
Keen246

Feel free to go ahead and explain in greater detail what specific discretionary filters a trading newbie is ought to apply.

Not wanting to derail this thread any further, I've started a new one on the topic as it's one that pops up frequently and warrants a discussion of its own. You can view it here: Trading Info’ - Who to Listen to & Who to Ignore
Tim.
 

NickBk

Experienced member
1,915 500
The EA took a perfectly normal series of losing trades based on its multi-year backtests (with only half of the total of its trades being winning) and some people already grow psychotic beyond belief. Why?

I say over leverage you say psychotic. I say your stop loss is fantasy, you say ''I might sell it privately to some fund''. Now that is really funny.

You want a journal in public and people are again not allowed to point out trading and not personal flaws in your 'system'. You talk about it like it is a self learning trading robot.

What I noticed and pointed out is you claim to have a stop/loss but in truth how is a stop/loss working if once you stopped you enter the same trade 5 minutes later. You claim ''it's clear the EA measures and compares the price change over a period of time'', does that time mean the 4.5 minutes since it got stopped out? Methinks not or if your EA worked on a 4.5 minute time frame then it would trade all day everyday. What it seems like is someone can't accept it didn't pan out and goes in again all while pretending they are a bot with a stop. This has happened a couple of times already and in total you have had maybe 7 trades (as they are all multi trades of the same trade) and if this happened twice, then it the theory is out of whack with the reality here.

Now in a week you dropped 31.6% from your peak. Your leverage was lower this time or you would have been over 50% off the top. Does your all learning bot change leverage on a whim too, or is the bot master learning a degree of caution?

I have no personal issue with you but I was discouraged from commenting when I saw and mentioned the leverage and again when I see the s/l is just a fantasy. Anything like a reasonable EA would have way less leverage and a real s/l. Any decent EA would have a definite fixed leverage and could not lose 31.6% over a couple of trades. I hope you do some reading on risk and reward as I know it is your own money but to make this work and in all forms of investing the downside needs to be controlled and the profit potential needs to be more in your favour.

If you just accept my comments as those on an EA as shown and leave the personal stuff out of it that would be great. I have no ill will to you just thought as a forum member I was entitled to comment on information put in front of me in your thread.

I took your pontificating that people should only listen to others with verifiable results as a prelude to more pearls of wisdom from you but given the last week or so I guess you will not be proffering advice for a while.

Good luck and I look forward to you being more hero than zero in due course.
 

babyjake1961

Well-known member
391 13
I say over leverage you say psychotic. I say your stop loss is fantasy, you say ''I might sell it privately to some fund''. Now that is really funny.

You want a journal in public and people are again not allowed to point out trading and not personal flaws in your 'system'. You talk about it like it is a self learning trading robot.

What I noticed and pointed out is you claim to have a stop/loss but in truth how is a stop/loss working if once you stopped you enter the same trade 5 minutes later. You claim ''it's clear the EA measures and compares the price change over a period of time'', does that time mean the 4.5 minutes since it got stopped out? Methinks not or if your EA worked on a 4.5 minute time frame then it would trade all day everyday. What it seems like is someone can't accept it didn't pan out and goes in again all while pretending they are a bot with a stop. This has happened a couple of times already and in total you have had maybe 7 trades (as they are all multi trades of the same trade) and if this happened twice, then it the theory is out of whack with the reality here.

Now in a week you dropped 31.6% from your peak. Your leverage was lower this time or you would have been over 50% off the top. Does your all learning bot change leverage on a whim too, or is the bot master learning a degree of caution?

I have no personal issue with you but I was discouraged from commenting when I saw and mentioned the leverage and again when I see the s/l is just a fantasy. Anything like a reasonable EA would have way less leverage and a real s/l. Any decent EA would have a definite fixed leverage and could not lose 31.6% over a couple of trades. I hope you do some reading on risk and reward as I know it is your own money but to make this work and in all forms of investing the downside needs to be controlled and the profit potential needs to be more in your favour.

If you just accept my comments as those on an EA as shown and leave the personal stuff out of it that would be great. I have no ill will to you just thought as a forum member I was entitled to comment on information put in front of me in your thread.

I took your pontificating that people should only listen to others with verifiable results as a prelude to more pearls of wisdom from you but given the last week or so I guess you will not be proffering advice for a while.

Good luck and I look forward to you being more hero than zero in due course.
Just because you don't understand how my EA works doesn't mean any of your assumptions are correct. I am further unwilling to disclose the exact mechanics of the EA and that's my absolute right.

Also, the most basic statistical principles state that short-term results are irrelevant (the law of large numbers etc) - hence the "year's time". Yet to you the short-term immediate results are somehow of utmost importance.
 

NickBk

Experienced member
1,915 500
Just because you don't understand how my EA works doesn't mean any of your assumptions are correct. I am further unwilling to disclose the exact mechanics of the EA and that's my absolute right.

Also, the most basic statistical principles state that short-term results are irrelevant (the law of large numbers etc) - hence the "year's time". Yet to you the short-term immediate results are somehow of utmost importance.

It is obvious it is over leveraged and the stop loss is fake.
Nothing else needed and I don't believe sought out either. Who is asking details of your EA here, I didn't see anyone?

Short term results are relevant as with the leverage employed there is no long term.
 

babyjake1961

Well-known member
391 13
It is obvious it is over leveraged and the stop loss is fake.
Nothing else needed and I don't believe sought out either. Who is asking details of your EA here, I didn't see anyone?

Short term results are relevant as with the leverage employed there is no long term.

A "fake stop-loss" is a curious fantasy. How is that even supposed to work?
 

NickBk

Experienced member
1,915 500
Could you, please, illustrate that novelty with a screenshot?

No, can't be bothered. Ask your bot.
Opened 15.40 stopped 16.09 opened 16.15 stopped 17.11
and previously too.

I am sure it is down to my ignorance of your complicated bot with a long term price strategy that enters on short time frames only when just stopped out. Seems very complex to me.
 

babyjake1961

Well-known member
391 13
No, can't be bothered. Ask your bot.
Opened 15.40 stopped 16.09 opened 16.15 stopped 17.11
and previously too.

I am sure it is down to my ignorance of your complicated bot with a long term price strategy that enters on short time frames only when just stopped out. Seems very complex to me.
Ah, got it. No complexity here - two versions of the bot are being simultaneously run on different time frames (M5 and M15) with different magic numbers.
 

NickBk

Experienced member
1,915 500
Ah, got it. No complexity here - two versions of the bot are being simultaneously run on different time frames (M5 and M15) with different magic numbers.

Strange that it's now two bots with one account. Which is ahead?
I would have thought in that case the m5 version would generate a few more trades and sometimes without the second bot knowing even.
Be careful not to divulge to much info as who knows what evil geniuses could do with it.
 

babyjake1961

Well-known member
391 13
Strange that it's now two bots with one account. Which is ahead?
I would have thought in that case the m5 version would generate a few more trades and sometimes without the second bot knowing even.
Be careful not to divulge to much info as who knows what evil geniuses could do with it.
In fact, the number of trades for each version proves about the same. It's not two bots but the exact same bot on different time frames.

See how you assumed wrongly and jumped to conclusions right away?
 

NickBk

Experienced member
1,915 500
Yes I see what a fool I was to think that after you said "two versions of the bot running simultaneously".

I will stick with my original outcome for this escapade, I hope the next adventure isn't a book!
 

babyjake1961

Well-known member
391 13
Yes I see what a fool I was to think that after you said "two versions of the bot running simultaneously".

I will stick with my original outcome for this escapade, I hope the next adventure isn't a book!

What will you do if your original outcome prediction fails just as miserably?
 

NickBk

Experienced member
1,915 500
What will you do if your original outcome prediction fails just as miserably?

With the leverage used it will happen sooner or later.
31.6% in week and essentially 2 trades is too much.
Real stop/loss or not.

I have no wish for you to lose your money at all. You have that sewn up on your own.
 
 
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