- Search Metals Mine
- 26 Results (1 Thread , 25 Replies )
- lwojtow replied Oct 29, 2007
How many trades do you have in backtest? If less than 1000, don't bother - test it on other pairs. Only then check for drowdawn, you will see that risking 2% on each trade is probably too much. Good luck, L
- lwojtow replied Jul 3, 2007
It's all down to MM — Risk 90% of your balance on each trade and surely you'll lose. Even with a winning system.
- lwojtow replied May 26, 2007
It ain't easy — I'm afraid most people who know answer to your questions won't be bothered to answer. You have to figure it out your self. One clue: mathematics, statistics, mathematics, statistics, mathematics...and so on... Good luck, L ps. ...
- lwojtow replied Apr 27, 2007
FSA protection — If your broker is authorised by FSA (in UK) and you're clasified as "private investor" then your funds are kind-of-insured for upto 40k pounds. That's because of FSCS ( url ) I hope I'll never need it, though.
- lwojtow replied Apr 26, 2007
A Bird in the Hand is Better than Two in the Bush — If I have a strategy that has been backtested on 5 years data, it makes profit that satisfies me and number of trades / total profit combination makes this profit unlikely to be just a fluke, ...
- lwojtow replied Apr 2, 2007
Money management — Hi, I agree with what others said about demo/live difference, but try to increase your profit with better money management. Get a copy of Ralph Vince - "Mathematics of money management" and read about "optimal f". Then, ...
- lwojtow replied Mar 30, 2007
I backtested original rules as stated in post #1. I like this strategy a lot and on backtest last few months were excellent. Unfortunatelly, it wasn't working for last 5 years, so I'm not hoping it will suddenly start working now. If only we could ...
- lwojtow replied Mar 29, 2007
backtest — Here is backtest since 2001. Trading 0.1 Lot, start with 50kE.
- lwojtow replied Mar 24, 2007
Depends on broker. Here is something I wrote long time ago. Pip value is for 1 lot. L
- lwojtow replied Mar 18, 2007
Nonsense, lots of people trade less than 1 lot, and very few people trade 1 stock. What matters is monetary value and here forex is the biggest, no point arguing about it. L ps. then != than
- lwojtow replied Mar 18, 2007
I don't like conspiracy theories but I see a very valid reason why they would want to see an EA's code: They could backtest it (yes, backtesting is reliable when you have reliable data and do it properly) and if it's profitable they can do at least ...
- lwojtow replied Mar 17, 2007
Why would they stop working? — If my system assumes buying when price is going up then I'm taking money from those who decided to sell. When they go bust, there are no sellers any more and price is going up even faster. It means a bit of ...
- lwojtow replied Mar 9, 2007
I think this week was exceptional (I mean easy to trade). Don't get too excited but good luck L
- lwojtow replied Mar 7, 2007
:-) To add to your data, average daily range (250) over the years: '90 - 158 '91 - 173 '92 - 199 '93 - 232 '94 - 181 '95 - 126 '96 - 159 '97 - 106 '98 - 151 '99 - 144 '00 - 124 '01 - 142 '02 - 123 '03 - 104 '04 - 136 '05 - 178 '06 - 141 '07 - 133 So ...
- lwojtow replied Mar 7, 2007
Because programming is simple. Trading is much more difficult. It takes an average programmer to program an EA, but it takes great trader to survive 20+ years in the market. My EA's have between 30-300 lines, my biggest program ever has over 10 000, ...
- lwojtow replied Mar 7, 2007
Do they work? Ask Ed Seykota. Does market change? Ask some trend followers, who have been in this business for 30 years and trade billions of dollars.
- lwojtow replied Feb 27, 2007
Michael Covel's "Trend Following". Excellent.
- lwojtow replied Feb 25, 2007
People will never get that they are in forex to make money (in any legitimate way). They treat it as scientific staff, a challenge, something to fulifill their ambitions. Anything but to make money... That's why they treat anyone who sells anything ...
- lwojtow replied Jan 20, 2007
I've just read my comment and realised I've made a mistake :-/ It should be: Some time ago I made a simulation on various MMs. Assuming you stay in a trade as long as it have more chances to go your way, the best option is to piramide, that is, ...
- lwojtow replied Jan 12, 2007
If you want more than one EA trading the same pair you have to open the same chart again, attach first EA to first, and another EA to.... well, you guessed it, another If you want to get rid of lines with trade levels go to tools -> options -> ...