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This is why sometimes when we think we are very smart and much smarter than anyone else, irony turns back on us and plays bad tricks.
The SL is constantly moving, actually it's the main exit strategy, so most of the winning trades will be closed by trail / SL hit ABOVE entry price for long entries, vice-versa for shorts.
I won't reply anymore to these tribunal threads. You waste my time and your minds are already made up for anything that is not free.
We are in a commercial section, a commercial product is discussed, everyone is entitle to his opinion, good or bad, period.
You dislike the idea, the ea, my face or whatever, go ahead and flame the ea.
You like it, it will cost you $10 and 30 days to test it, discuss with members who are using it live, have their opinion, not mine or anyone else's, and see by yourself.
Take care everyone and good trading
This is why sometimes when we think we are very smart and much smarter than anyone else, irony turns back on us and plays bad tricks.
The SL is constantly moving, actually it's the main exit strategy, so most of the winning trades will be closed by trail / SL hit ABOVE entry price for long entries, vice-versa for shorts.
I won't reply anymore to these tribunal threads. You waste my time and your minds are already made up for anything that is not free.
We are in a commercial section, a commercial product is discussed, everyone is entitle to his opinion, good or bad, period.
You dislike the idea, the ea, my face or whatever, go ahead and flame the ea.
You like it, it will cost you $10 and 30 days to test it, discuss with members who are using it live, have their opinion, not mine or anyone else's, and see by yourself.
Take care everyone and good trading
Dear Yannis,
Thanks for enlightment,you are probably right and 10$ for 30 days test is probably a fair price for what you get in return for your money
Congratulations for your excellent results,and thanks for showing them in detail to everybody,BEFORE YOU EDITED/DELETED THEM,they really tip and show the reason why this system is not even worth the 10$/30days asking price.It is probable that you have not realized it,since I presume not much real money experience by your side(implied by your post 3 weeks ago) and so,I will explain it to you,even if I have the nasty feeling that it is possible that you know it very well..you know just checking your posts everybody and his uncle can realize that it is a bit strange that you are constantly supporting different commercial developers when some other member rightly(or not) points some fault in their marvelous Holy Grail systems.
I can see that you have changed from Alpari demo(your post 3weeks ago )
to Mig(demo?) and hope your connection works better now..if it is a demo you posted,why not go live with this marvellous system? If it is a live account,well you will only lose 10 K USD,so,life will go on,you can always work as an undercover sales agent for system vendors,but enough disgress..let me show you why you are doomed with this (your?) system :
21 NOVEMBER you open an account with 10K USD and start trading
22 NOVEMBER well,you start the second day approx8.5% down,congratulations,you must have brass balls if your living depends on trading this system..and then..BETWEEN 08:45 and 08:47 you open,with approx 9K USD, the following positions,as per your statement :
BUY2GBPUSD (1 LOT @1.9044+1 LOT @1.9042) i.e: Short 380860 USD
SELL 2 USDCHF@ 1.2736 BOTH OF THEM i.e: Short 200000 USD
SELL 2 USDJPY (1 LOT @117.42+1 LOT @117.41) i.e: Short 200000 USD
So,basically you are USD SHORT(Higly correlated positions) FOR AN AMOUNT OF 780860 USD with slightly more than 9K USD in your account ,approx 85 TO 1 LEVERAGE..IT SHOWS YOU DO NOT TRADE FOR A LIVING..YOU WILL BE SKINNY AS A RAKE ..Probably selling systems undercover is more profitable,isn`t it?
Then,to compound the offence,due to the fact that it seems from your statements that your initial stop is 30 PIPS per lot,if somebody takes the time to calculate your risk(in higly correlated positions USD SHORT) will arrive at the astonishing conclusion,since every "position pip" is equivalent to 60 USD ,that you are running a total position risk of 1800 USD which is approx 20% of what remains in your account. After the first day Harakiri you committed.. losing slightly less than 9% of your equity in the first day,NOW..the second day you are risking approx 20% in six higly correlated trades with a stop that amounts to approx 30% of the daily range..BRASS BALLS INDEED. The rest of the posted period is either sheer luck,or sheer cunning..whatever..I do not give a dime,..neither ten bucks.
Man,I do not know if your statement is actual or demo,nor do I know if you run for 30 days several different demo accounts,and you just chose the account/profitable period that most suited you..what I know is that this/your system is worth less than whatever anybody can buy for 10 USD,that it will destroy accounts faster than playing blindly at Las Vegas casinos and that,certainly,suffering it will be less pleasurable-unless you are a freak for bondage and S&M..- than expending your entire account(plus 10 USD) partying in excess in whatever excess suits you the best.
Go take a course in statistics and money management and avoid cooperating voluntarily/involuntarily? in ripping other people of their money,they will lose a lot (10 USD plus their account)and your partner ?will earn only a few bucks.
SIMBA
Last edited by newdigital; 11-25-2006 at 04:51 PM.
Dear Simba i don't work for anyone,thing what you want and also the adm. can check easily my ip connection......for the rest of your message ,sorry but i don't have time to answer to your ridicolous theory.........i believe you read too many conspirancy books.......
Nice analysis on correlation and leverage. I believe most members fail to realize the risk involved, not with this system but with all systems they want to trade.
In my opinion, the name of the game is risk control.
I have had the Artemis Demo for about 2 weeks now, if you believe the range breakout strategies work (WWS 9.3, Dolly Graphics)then this is a very Good EA, as I stated before this EA and the other indicators work great if the market trends, like it has been doing since September especially in the GBP, ranging EA's like Firebird are getting killed. If you don't want to Lease the EA, just Run Dolly Graphics and download that and take the breakouts and use Yannis's Straddle & Trial to manually trade it. Based on some reports i have seen GBP, CHF JPY & NZD are the most worthwhile (4) currencies to trade. On the Artemis EA if you use a range breakout of 20, (First Breakout) the signals match almost exactly with WWS 9.3 & Dolly Graphics. I am not pushing the EA here but believe the Demo is worth the $10 since you also get access to the goggle group.
If you have read threads in other Forums breakout's in the GBP in the London session have been very profitable using various methods discussed at Forexfactory last two months or so. Although I have limited knowledge of Forex for about a Year, I have seen and run demo's of lot's of EA's almost all not profitable opensource and others's posted.