Elite Trader's Gambler's Anonymous ETGA
- Thread starter ElectricSavant
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Ok, Lol...Good trading to you 
Today's Trades (Monday)
Damn this thread sur has exploded in a few days!!!!!
All this arguing, yes this system is vulnerable to trends! I said it at the begining. I don't know why some went on and on for pages trying to prove their points, it's trivial.
Besides, that's the point of a system. For some particular conditions, like since last december, a range trading system performs better. Then, like what is happening on EUR/GBP and soon with USD/CAD, EUR/USD and some other, trend kicks back in. Then you need another system and close down the first one to use for a latter day.
There is not holy grail.
Yet that doesn't prove this system is garbage. I like it and believe in it. Go Electric GO!!
All this arguing, yes this system is vulnerable to trends! I said it at the begining. I don't know why some went on and on for pages trying to prove their points, it's trivial.
Besides, that's the point of a system. For some particular conditions, like since last december, a range trading system performs better. Then, like what is happening on EUR/GBP and soon with USD/CAD, EUR/USD and some other, trend kicks back in. Then you need another system and close down the first one to use for a latter day.
There is not holy grail.
Yet that doesn't prove this system is garbage. I like it and believe in it. Go Electric GO!!
hiya
believing in a system has nothing to do with its ultimate success
either its a viable system or it isnt.....
I don't think that losing money is trivial, especially if you can first debunk an idea, then not waste time and money on a lost cause
Since no-one can accurately predict when the market will trend and when it will chop, the idea of switching systems in different conditions makes no sense to me
What is really interesting is someone above me posted that everone seems to take unrealized losses at first "building the pool" in this system, which seem to be greater than the realized profits
I think electrics own live trading will support the fact that he is underwater whilest "building the pool"
so lets flip the trades in reverse then, and make money building the pool, and then close for a profit maybe? eh eh ?
lol
believing in a system has nothing to do with its ultimate success
either its a viable system or it isnt.....
I don't think that losing money is trivial, especially if you can first debunk an idea, then not waste time and money on a lost cause
Since no-one can accurately predict when the market will trend and when it will chop, the idea of switching systems in different conditions makes no sense to me
What is really interesting is someone above me posted that everone seems to take unrealized losses at first "building the pool" in this system, which seem to be greater than the realized profits
I think electrics own live trading will support the fact that he is underwater whilest "building the pool"
so lets flip the trades in reverse then, and make money building the pool, and then close for a profit maybe? eh eh ?
lol
And i've been thinking about this. How about a limit order at every 1 pip interval? Yes, at every pip. You need a very small size of course, somewher around 0.1% of your capital, may be less.
You still hedge and put no stop loss. (i would still place a very wide stop loss, like at break point where it would signal a trend a kicked in). But you can't place your TP on pivot points since there would be no sence in placing that many limit orders.
Anyway it's not clear. The thing is, you need to pump out many, many trades to get realised profits as fast as you can. That's the key! All else being equal, you need to pump as much trades as you can. The advantage being also a perfect averaging down of bad trades until it goes back up.
Ok i'll try to clear it all up.
Say 1 order at every pips.
For simplicity sakes lets throw out those pivot points and put your TP at the same interval (10-20 pips). So after a while you cash in profits at every pip move!
Since you work in %, your unit/trade grows, so on the bad side you add up always more to your averaging down, putting pressure to get the lowest possible price.
You average down every pip so you know your biggest order will be filled at the absolute bottom before the bounce back.
Not yet perfect i guess. You would still need to get the hell out when riding a trend. And the system may always profit more from additional TA insight (i.e. gambling). Anyway i don't think any human can trade this all day long and remain sane
I didn't care too much about cash cow but this one seems to do a little better.
You still hedge and put no stop loss. (i would still place a very wide stop loss, like at break point where it would signal a trend a kicked in). But you can't place your TP on pivot points since there would be no sence in placing that many limit orders.
Anyway it's not clear. The thing is, you need to pump out many, many trades to get realised profits as fast as you can. That's the key! All else being equal, you need to pump as much trades as you can. The advantage being also a perfect averaging down of bad trades until it goes back up.
Ok i'll try to clear it all up.
Say 1 order at every pips.
For simplicity sakes lets throw out those pivot points and put your TP at the same interval (10-20 pips). So after a while you cash in profits at every pip move!
Since you work in %, your unit/trade grows, so on the bad side you add up always more to your averaging down, putting pressure to get the lowest possible price.
You average down every pip so you know your biggest order will be filled at the absolute bottom before the bounce back.
Not yet perfect i guess. You would still need to get the hell out when riding a trend. And the system may always profit more from additional TA insight (i.e. gambling). Anyway i don't think any human can trade this all day long and remain sane
I didn't care too much about cash cow but this one seems to do a little better.
The unrealized P/L varies, if you look closely some day it grow wider, some days it narrows. It's on those days that "paying down the debt" could improve the system.
Anyway, i use 3 systems. My favorite "wave surfer" does well in smooth cycles and in trends. But it gets beaten up in choppy markets. That's why i got system number 2 called "mr.choppy", which is nothing more than a black box system catching tops and bottoms. And then, i got my "news catcher" which is the less reliable of the 3, but is able to capture big sudden rip that often comes on news days, so i use it only some days every months.
Which market condition is it? It's easy, the systems that performs better tells me. Then I just swith money from one system to another. No need of the gift of foresight.
I'm happy for you if you can, but i can't design a single system to fit them all. The only system i know that can do that is buy-and-hold, and cash it at the right time.
This was a very interesting statement. intuitive, I must say. This is the crux. This must be evaluated by the backtesters.
Michael B.
The unrealized P/L varies, if you look closely some day it grow wider, some days it narrows. It's on those days that "paying down the debt" could improve the system.
Michael B.
The unrealized P/L varies, if you look closely some day it grow wider, some days it narrows. It's on those days that "paying down the debt" could improve the system.
So,
Instead of the long haul try to accelerate faster than the drop?
so lets flip the trades in reverse then, and make money building the pool, and then close for a profit maybe? eh eh ?
Instead of the long haul try to accelerate faster than the drop?
so lets flip the trades in reverse then, and make money building the pool, and then close for a profit maybe? eh eh ?
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