Exactly. At some point you just say to yourself, "Can I just automate this darn thing..." Maybe you don't feel like trading for a week... you have that option and still be able to make money with an automated system doing the work for you.

Automated Trading

I would disagree. Traders who are successful feel no different whether they win or lose. Doesn't matter. So an automated system is nothing more than a nice way to, "make money while I sit on the beach." People laugh at that statement. But I know ...

Automated Trading

This happens a lot in options.

Automated Trading

Haha... thanks. Sweet.

Automated Trading

I trade GBPJPY almost exclusively, doing so with stop and reverse systems. I actually have two main systems. One is S&R, the other is not. GBPJPY is a beast. I have to trade it mechanically or else I'd fail... I would get in and out too quickly and ...

Lets Talk GBP/JPY "the geppy"

I am a big believer in automated systems. And I know two guys who run them almost exclusively... one does well over 100% a year, and I don't know what the other one does as his numbers escape me at the moment, but it's up there. You can always make ...

Automated Trading

The best you can do is 29000 bars in memory, and I have the server collect data back to 1/1/2005. If you're serious about creating a system and have one where you think it's definitely worth working on some more, then I would suggest buying tick ...

.SI4 for GBP/JPY & EUR/JPY

I think it also comes down to who you are as a trader. For example, I know I need to be in a trade most of the time, so I trade nothing but stop and reverse systems... If I closed a trade at EOD and it ended up going another 100 pips in my favor, ...

.SI4 for GBP/JPY & EUR/JPY

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.SI4 for GBP/JPY & EUR/JPY

I forgot to mention to everyone creating systems. Never create a system that executed "at bar close." Because that's not real world. You always want to execute at "next bar's open", because you can get some slightly off results. It's not ...

.SI4 for GBP/JPY & EUR/JPY

You sleep at night? Must be nice.

.SI4 for GBP/JPY & EUR/JPY

Hey no problem my friend. Just trying to help system devs get on the right track. Just tryin' to spread the love...

.SI4 for GBP/JPY & EUR/JPY

LOL... love it.

.SI4 for GBP/JPY & EUR/JPY

Exactly. I think these guys are doing a very good job so far. I'm anxious to see their work as well. With GBPJPY, you're gonna have drawdowns. And with the kind of systems that are being looked at in this thread, 400-800 pip drawdowns are very ...

.SI4 for GBP/JPY & EUR/JPY

Now we're talkin'...

.SI4 for GBP/JPY & EUR/JPY

No, it's not a flaw. It's actually the correct way of showing Heiken-Ashi. You're just used to MT, which requires an indicator just to show those bars, which is a bastardized way of doing things. If you go look up the definition of Heiken-Ashi, ...

.SI4 for GBP/JPY & EUR/JPY

Click on the symbols list button. Then right-click on the relevant symbol... select View Saved Results.

.SI4 for GBP/JPY & EUR/JPY

You shouldn't even think about trading a system unless you've got a good historical backtest (I personally do AT LEAST 200-300 trades) and, with automated systems, a good (IMO) three months of live forward testing.The best you can do is set it at ...

.SI4 for GBP/JPY & EUR/JPY

So the question is, can you handle a 939 pip drawdown? I know very few that can -- well, at least the ones who are honest anyway. And I know at least three traders, IRL, who are pro, and they can't handle that. It takes a real trend trader to be ...

.SI4 for GBP/JPY & EUR/JPY

Been there, done that. Look at the opening of the heiken-ashi bar and then look at the actual open of the bar. Big difference. That's because HA bars are an average of the open. So your results would be totally flawed. Ahhh, the joys of creating ...

.SI4 for GBP/JPY & EUR/JPY