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Old 11-27-2006, 01:40 AM
teamfri teamfri is offline
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Here are some of my thoughts on gobin.

First of all, I think goblin is/will be a great upgrade of 10point3. Martingale method can be very effective if our positions are not against the major market trend. I used to think of trading 10point3 with the indicator Fish as a filter, basically the same way of thinking as goblin. But I didn't stick to that idea, and have no coding skills to make an EA out of that.

Now back to the testing of goblin, I believe it will be a long-term winner for sure, and good news will come one after another. But I think what will help it improve most is the back testing of those special periods, like what we saw last week, the periods of dramatic maket trend change. In that way, we can find its weakness, and make it as perfect as posssible.

Ideally, I think we shall not see goblin's positions progress from 1 lot to 32 lots, or from 0.01 lot to 0.32 lot. I mean goblin is supposed to trade following the major market trend. When the positions progress from 0.01 to 0.08, and market turns back in our favour, you can argue it's a side way market. But when we progressed to 0.32 or 0.64 from0.01, we are against the major trend. That does not reconcile with the original design of goblin. Therefore I think we can try setting the max trade number at 3 or 4, when the fourth position is certain pips in the loss, just close all the positions, and start all over again. And most likely, we will be following the trend again. In the long run, the winners will far outnumber the losers.

Another beauty of this setting is, if the max trade is 3 or 4. We can trade several different pairs without worrying too much about the margin. In this way, goblin will become a very stable pips making machin with limited drawdown.

Just my two cents, and hope these thoughts can contribute a little bit. I wish all the success of goblin.
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