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Originally Posted by davidke20
Seriously dude, how long have you been trading. Your chart is not impressive. Your explaination like a noob. I know this is gonna hurt, but I'm telling the truth. I wish I can help you, but seems your chart already looks complicated to me. To suggest an EA, you'll need to prove its a profitable system on the forward testing by yourself. Show us some result. If its a live statement, there will be tonnes of member like to try your system. Tell us when is the entry and exit real time, so we have a clue what is happening to the market reflected by your indicator, inorder to create a profitable EA based on your strategy. Please, no harm. I'm here to give you advice, not to conflict you. Cheers
Regards
David
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Dude,
I've been trading for a year. This is a very basic and simple system. Don't need to have a complicated ultra deep system to become filthy rich. 3 things that make the best systems is:
Simplicity,
Efficiency, and
Consistency.
Truly successful traders know this to be the gospel as it relates to trading. I stated in the thread that I had successfully forward tested it on a demo and I'm up 10% on a 5k acct. over the past 2.5 weeks AND that's with getting in late and making stupid mistakes AND without compounding on a mini-acct. Did you read the whole post?
GREEN=BUY, RED=SELL. Strategies based of 4hr. charts can handle news releases and allow for a more stable trade then 1, 5, 15 minute charts. GBP/JPY and EUR/JPY tend to trend VERY well on 1 hr.+ timeframes.
No get rich quick scheme here. Moderate and steady with strict money management. 2 trades a week per pair IF THAT. Allows for a 2:1+ W/L ratio. Maybe if I had hyped up the title with something like "WE WILL ALL BE RICH IN 1 MONTH USING THIS STRATEGY AS E.A." or "HOLY GRAIL IS HERE", it would have gotten a larger response. I would never use a Martingale set-up when I know it gives me a lower probability of winning over the long haul. Its the definition of insanity. But all I continue to see is these failing E.A.'s using this money mis-management strategy. Then we wonder why 90% of traders fail. You would think by now, the masses would start to catch on to this.
There is a holy grail. Its just not what we think it would be. Does anybody know what it is? Whether you do or don't, I'm going to tell you. Its YOU!! Indicators, strategies, E.A.'s are only as good as the person using/creating them. All these ideas look good until greed fueled, impatient humans compile them. Just because it's automated doesn't mean you haven't personified it with your flawed trading approach. I'm young but have been blessed with a wisdom way beyond my years. My youth sometimes trips me up but I continue to fall forward. I'm looking for serious programmers who want to build a stable E.A. that's makes more than enough to replace their income.
Thanks again for all feedback