From $5k to $50k

[dartmus]

Traders who open a trade, close it the same minute and reopen it, in the SAME DIRECTION!, in the same or next minute, have clearly no clue about trading. They just gamble.

Follow the link below. Bump the video resolution up to 1080. Skip the 1st 2 minutes. Eugene's algo #7 reverses every second if it detects a new direction. It's quite profitable, and in many ways no different than the automated portions of Schizo's method. I'm aware both Schizo's and Eugene's methods are faster than many will find agreeable but it's wrong to equate the rapidness by which they change direction with anything other than simply following their rule based methods. It's not right to claim the speed with which they change directions supports the notion they're gambling.

I hope you're aware I prefer longer holding times just like you do, but there's not much difference here other than scale, and the likely differences in components generating the signals. Otherwise everyone's striving for the same result. Consistency. ...and everyone can't have a strategy that's as good as yours.

http://www.elitetrader.com/et/index.php?threads/my-non-farm-payroll-trading.297674/

 

[K-Pia]

Follow the link below. Bump the video resolution up to 1080. Skip the 1st 2 minutes. Eugene's algo #7 reverses every second if it detects a new direction. It's quite profitable, and in many ways no different than the automated portions of Schizo's method. I'm aware both Schizo's and Eugene's methods are faster than many will find agreeable but it's wrong to equate the rapidness by which they change direction with anything other than simply following their rule based methods. It's not right to claim the speed with which they change directions supports the notion they're gambling.

I hope you're aware I prefer longer holding times just like you do, but there's not much difference here other than scale, and the likely differences in components generating the signals. Otherwise everyone's striving for the same result. Consistency. ...and everyone can't have a strategy that's as good as yours.

http://www.elitetrader.com/et/index.php?threads/my-non-farm-payroll-trading.297674/

I am not sure that system is profitable.
Looks like it pays lots of commission.
Anyway. Convinced or not,
It ain't interesting.

 

[dartmus]

I am not sure that system is profitable.
Looks like it pays lots of commission.
Anyway. Convinced or not,
It ain't interesting.

If u rly want to reverse engineer inputs like u said then u must take time to read the txt output window in Eugene's video. Study the direction flips in conjunction with the price action on the chart. It's not difficult to decipher. It's the same thing i am nobody does ...best I can tell. If u dunno what Ian is doing you're not paying attn.

 

[i am nobody]

Follow the link below. Bump the video resolution up to 1080. Skip the 1st 2 minutes. Eugene's algo #7 reverses every second if it detects a new direction. It's quite profitable, and in many ways no different than the automated portions of Schizo's method. I'm aware both Schizo's and Eugene's methods are faster than many will find agreeable but it's wrong to equate the rapidness by which they change direction with anything other than simply following their rule based methods. It's not right to claim the speed with which they change directions supports the notion they're gambling.

I hope you're aware I prefer longer holding times just like you do, but there's not much difference here other than scale, and the likely differences in components generating the signals. Otherwise everyone's striving for the same result. Consistency. ...and everyone can't have a strategy that's as good as yours.

http://www.elitetrader.com/et/index.php?threads/my-non-farm-payroll-trading.297674/

There is only one problem, but a big one: how can you trade size if you have to switch every second?
I need big and long moves to be able to build size, I am not interested in 1 contract trades. So for me this system is not interesting.

Did he really do these trades? is there an account statement? Because I know somebody who did something similar. Tried to find very short trend and take 1-2 ticks and get out, very close stop, repeating this all the time. In simulation he made tons of money and had almost no losing trades. In realtime trading he had to close his system seconds after it started and lost 900$ on 1 contract. Simulation can be totally different from real trading. Especially in very short timeframes and very small profits per trade. The smallest mistake in calculations can fake huge profits or huge losses. If you make a mistake of 1 tick in these systems, your result can be 50% lower or 100% higher.

 

[dartmus]

He tracks slippage on each entry and exit more than carefully and thoughtfully enough for me. I think it's tuned for larger profits than you're suggesting but it's in pips, and there are a lot of trades ...and I would know the answers to your questions more thoroughly if I hadn't allowed thoughts of debit and urf to distract me today. Also u should consider even if he's sim trading it u and i and everyone else should still be able to build something better than he has. If I say much more, like size should enhance rather than hurt results, ect, then ... this is already too much info to b putting in the public domain. ...but I do recall him adding as positions moved in his direction.

 

[Chubbly]

It is funny to see how, and on which basis, people on ET receive the status of successful trader, or are declared losers.
I realize now that Elite Trader should be Idiot Trader. A lot of posters on ET have no clue about trading, and no clue how to analyze the results of trades.
Posting and being able (or cheating to fake it) to stay just above the break even point gives you already the highest status.
The fact that everybody posts in hindsight is, only for some posters, against them, while for others it is no problem and it is accepted as real trades. ALL postings are hindsight!
The way people trade, when they enter, when they get out, how long they stay in a trade, how they handles losses....these elements define who is a good trader and who is not. From these elements you can deduce if the trader has a good system or not.
Traders who open a trade, close it the same minute and reopen it, in the SAME DIRECTION!, in the same or next minute, have clearly no clue about trading. They just gamble.

Well said....
I made some posts challenging people to think outside the T.A box. I am a successful trader and I shared some insights of how I got here and immediately the trolls jumped all over me. The way I became successful is different than they way most people here think.
The only reason I gave my insights was because @Levels asked me to
http://www.elitetrader.com/et/index.php?threads/from-5k-to-50k.297636/page-9#post-4241990

I always liked this quote it sums up the level of most people here (no, I am not a trend follower trader, I trade derivatives which I hold 30-365 days)

“I always say that you could publish my trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn’t do is give them the confidence to stick to those rules.” –Richard Dennis: Founder

This is why I didn't publish rules to any system but instead gave people things to think about.

That forex exercise was given to me by a successful floor trader many years ago. He truly was an Elite Trader. He would often be given a book of positions that was crap because they fired a guy and he would inherit the book because he was the firms best trader.
It is just an exercise like how a basketball player practices free throws

Before the trolls jump on me again leaving "you suck" level of intelligence posts, ask yourself, did you make consistent good money in 2015, 2014, 2013, 2012, 2011 etc....
I did.....
Did you quit your job and trade full time and have enough money that you can support your family for generations to come
I did.....

 

[lawrence-lugar]

Happy Chinese New Year y'all. Feb 8. -- Many Happy Returns, traders

 

[i am nobody]

Did you quit your job and trade full time and have enough money that you can support your family for generations to come

Depends of course of how big your family is. And the amount they need to "survive".
Unfortunatelly I have a big and spoiled family...

 

[dartmus]

There is only one problem, but a big one: how can you trade size if you have to switch every second?
I need big and long moves to be able to build size, I am not interested in 1 contract trades. So for me this system is not interesting.

Did he really do these trades? is there an account statement? Because I know somebody who did something similar. Tried to find very short trend and take 1-2 ticks and get out, very close stop, repeating this all the time. In simulation he made tons of money and had almost no losing trades. In realtime trading he had to close his system seconds after it started and lost 900$ on 1 contract. Simulation can be totally different from real trading. Especially in very short timeframes and very small profits per trade. The smallest mistake in calculations can fake huge profits or huge losses. If you make a mistake of 1 tick in these systems, your result can be 50% lower or 100% higher.

After taking a close look at Eugene's strategy I determined it's junk but it's still amusing from a thought provoking point of view. It was beneficial studying.

 

[CJS]

Yes, it can be done. But it takes large risk.

lol. What do you trade 'fon'? Baseball cards? Loser w nothing better to do than kick your mom off her computer so you can come puff your wittle chest out in a trading forum.