Quote:
Originally Posted by jbfx
I've blown up before, so it's no shame or surprise. No need to be so defensive. I'm only commenting about your other system at C2 because those results are audited and real. And I was seeing if I can gain some insight on your trading style and trading pairs since your pattern trading has been quite successful. I fully didn't expect to see that huge drop in such short amount of time. Naturally, I thought maybe the market gapped and skipped right over your stops or the system simply lost its edge or the EA went offline when the market had a big correction. But I guess now we know that wasn't the issue, and it was just the common case of averaging down.
However, I'm quite surprised that you abandoned your strategy completely at C2 if your edge is still there, but only poor money management was the issue. I would think you go back to it, and eliminate the averaging down, unless averaging down is the key...so that would be a problem like the martingale strategies.
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jbfx,
You sound like the last boy scout...
....I am not defensive,I am fed up...I post several demotrades most of them a few minutes after execution,explain the method by which I trigger the entries,one by one all the chart patterns,explain 80% about the method I use to filter the trades,digital filters,you can do 95% the same just by reading my posts at this Forum..and LEARN FROM THEM...I post an investor password,so,if you are not really convinced,you can check that the trade was done as and when posted,I achieve 47% return in one month,then post predictions for the next week...and KAZAAN..the Inquistion,and the "you can`t do it with your arm tied to your back" come back in full to show why it shouldn`t be possible..Man ,allow me a little room..would you?Can I have your permission to be "defensive"?I don`t care,but just think about it...or even better,do the same thing and then you will know what I am talking about.
You could know very well, just by looking at my trades at C2, that Martingale was not the issue,when you see Martingaling,on a 2 years old account,you see many examples of SYSTEMATICALLY averaging down before the final hit,and usually these accounts do not live so long
...this was not obviously the case,so,why are you mentioning this issue?
Please point to any of my 880+ posts here ..where DO I defend martingaling? NONE..I could point instead to a very infamous thread where everybody lost their marbles,and I was one of the very few people to point the risks and the potential pitfalls of a Martingaler ,suffering the derogatory comments of many who now are crying for not having listened,so,accuse me of most everything,but not of Martingaling,unless you can show proof.
The problem I had was just hubris,believing that instead of having a high probability system I had an almost perfect one...AND,INDEED..having 24 winning trades in a row can do this to your thinking...it did this to mine,and,you know, good cyclic models,when weekly optimized,do give you exceptional returns ..until they fail...BUT..having a price action filter,helps prevent most of the negative results of these kind of failures,and this is what I am trying to show in the non audited but freely accessible demo account whose results I am posting at the other thread,with an investors password for everybody to check...The results you deem so admirable,and I barely feel that are above mediocre ...Yes,I am not joking,do not let your limiting beliefs interfer with what is possible.
I haven`t abandoned C2,though I admit that this being the place of a very public defeat,they do not give me a hard-on anymore,understandable,I presume,for everybody with an iota of red blood in their blood stream,though I will retrade that acccount to post it above initial equity before end of July,but this is another story...the edge I have I am posting here,at this Forum,with an investors password,for everybody to LEARN...if they want...not everybody wants,most people have problems with their limiting beliefs,so,they can`t learn...they choose to focus elsewhere,and search for excuses about why what they are seeing done in front of their eyes is not possible or not real,I knew that by posting PREDICTIONS..I was going to get some adverse reactions,not of this kind though,and not from you,but,obviously I was wrong...well,as I said,the proof is in the pudding,pudding in the oven,and cooking almost finished,so,let`s judge it by its flavour.
If you think there is any difference between an audited demotrade at C2 and giving away an investor`s password for a demo account that is posting trades in a public forum with 10k+ views of the thread,please try both,and then,either show us the difference,or acknowledge it is exactly the same..some walking before talking is usually a good qualifier of opinions.
Thanks for your comments.
Regards
Simba