These are the setups for today on the G/J and the E/J.

The profit for today is + 67 pips on G/J and + 65 pips on the E/J
Total: + 132 (excl spread)

This brings the equity curve after today again on an all time high since we started.

Our competion equity curve that compaires the same rules and on the same period as the metaquotes competion for EA is now at 196.984$ ( 1 st Oct 10.000$ starting balance).

spreadsheet at the bottom of this posting.

To be continued...iGoR

Attached Files

G-J+E-J compounding.zip (12.7 KB, 71 views)

__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

//Friday's trades were all long
I entered some positions on Asian session (my own system), missed one entry on EU session (still had positions from Asian session) and then made lots of profit with the following:
10:45 long entry on GY, 224.87, exited at 18:00, 225.96, very profitable position
I missed a trade at 8:15. It was a losing trade (I had a buy already and got even more loss that the original 8:15 trade). 224.83 -> 224.63.
EY entry at 10:45 wasn't profitable. 162.89 -> 162.72 (if I calculated it right, I still have a problem with calculating exits on history)
EY entry at 12:15 was profitable, closed at 18:00. 162.87 -> 163.62
Hope this helps.

__________________
MQL4 programming is easy ^^

Skyline,
Yes, the system is robust and logical. Unlike most people, Igor has understood that using zig-zags to tell you where a reversal will take place is like pissing against the wind. 90% of the time when a dot/arrow shows up, indicating a new hi/low, there will be a higher/lower hi/lo before a new lo/hi is established(this is based on extensive backtesting, not pulling this out of my ass). So, he basically uses a few zz's with different settings, I think 3. Let's say, the medium term zz shows a dot=new top, he waits for the price to retrace and the short term zz to show a bottom, then on confirmation he enters long and takes profit based on % of ADR(like 30%), moves stops, trails, does whatever. But that is basically it. Simple, but effective. It is like a trend retracement system.
I think you will benefit from his group. I am not part of his group, just cannot stand his attitude, but he is smart and experienced.
In the screenshot attached, I just used his old riding pip template, just changed the period of the dt-zz from 60 to 48 ext depth to show you the basic principle. Losses are small usually, and R/R is great.

Take care and good luck!!!!

Attached Images

gbpgpyzorro.gif (25.0 KB, 727 views)

İt looks like to me , İgor's system and Raftapoulos's indicators are similar to Zweig's 4% model, very solid and simple breakout system.Below is the Steve Achilles' definition of this model.


FOUR PERCENT MODEL
Overview
The Four Percent Model is a stock market timing tool based on the percent change of the weekly close of the (geometric) Value Line Composite Index. It is a trend following tool designed to keep you in the market during major up moves and out (or short) during major down moves.
The Four Percent Model was developed by Ned Davis and popularized in Martin Zweig's book Winning on Wall Street.
Interpretation
A significant strength of the Four Percent Model is its simplicity. The Model is easy to calculate and to analyze. In fact, only one piece of data is required--the weekly close of the Value Line Composite Index.
A buy signal is generated when the index rises at least four percent from a previous value. A sell signal is generated when the index falls at least four percent. For example, a buy signal would be generated if the weekly close of the Value Line rose from 200 to 208 (a four percent rise). If the index subsequently rallied to 250 and then dropped below 240 (a four percent drop), a sell signal would be generated.
From 1961 to 1992, a buy and hold approach on the Value Line Index would have yielded 149 points (3% annual return). Using the Four Percent Model (including shorts) during the same period would have yielded 584 points (13.6% annual return). Interestingly, about half of the signals generated were wrong. However, the average gain was much larger than the average loss--an excellent example of the stock market maxim "cut your losses short and let your profits run."

While we're all being civil in this thread I thought I'd add some intelligent discussion regarding zigzag.
I know you guys know this stuff but I may as well reiterate it....

The main purpose of markets is to facilitate the exchange of risk between participants. This has some major technical implications. For example, it implies an impossibility to genuinely predict tops and bottoms (for the reason that all markets are defined by human emotions that cannot be quantified in an absolute sense). In the history of trading noone has yet been able to create an indicator that can genuinely predict market tops and bottoms (and if someone were to do it they could theoretically have all the money in the world within 5 years).

Compare market charts to meteorological charts and they look very similar. In other words, even though you can assess probabilities, there are no absolutes. This isn't to say that it is impossible to trade by picking tops and bottoms. Some people trade that way...fade rallies, buy dips. All I'm saying is that it is impossible to do this in an absolute sense...the important word being absolute. Therefore, it is possible to use zigzag as a structural guide (a kind of filter) in the way Igor is approaching it.

Igor, I do not have beef with you but you talk to people in a very presumptive and patronising way at times. This is largely the reason
people argue with you. Make better assumptions and people will treat you accordingly.

Regards,

Gramski.

Good day to all.
This is the signals generated by Zorro for last 2 days on e/g and e/e.
I have a different templet, but signals (blue arrows) from Zorro indicators.
Do not look on white arrows, this is another indicators.

So, i can say to all here, as soon as i programmed all indicators for Igor, and also i'm a member of Zorro Group, this approach makes me lucky.

All have a good trade.

Regards,

Alex

Attached Images

	eurjpy.gif (39.5 KB, 620 views)
	gbpjpy.gif (39.0 KB, 617 views)

Thanks for your constructive contributions.

mpower,
We use in total 5 different zigzag values. And don't forget that T_S_R is responisble for half of the signals. The profit we made on the E/J on friday was fully achieved by T_S_R .

Mystified,
We do not use the SR ZZT from spyros raftopoulos in the setups that we trade at this moment.
But the swing trading system that I planning to introduce in the near future will contain some elements of the SR ZZT indicator but re-develloped and rebuild by myself and programmed by Ogeima (and maybe Alex_winner who can add some last devellopments)

Gramski,
If one tryes to correct someone else or tells someone that what he claims is kinda crappy, it is difficult not to sound patronizing but I know what you mean and I gonna try to keep in mind what you say.

regards..iGoR

__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

Igor and Alex_Winner,
Charts look great. Good luck in your endeavors.
Best wishes to you, Ogeima, Arctic, Miko and all of the people from the old TSR group.
Merry Christmas and Happy New Year!!!!

Hi Everyone,

This mail is a recap over the last month and also a recap over the past 3 months since we started the zorro trading group.

You all know me as someone who is very critical when it comes to results.
Many people out there claim of making nice profits or amazing profits or profits that are to good to be true. When one is trying to look for some evidence or asks for some proof it stays foggy to say the least and very very doubtfull if one wants to be honest to himself.

Showing results or giving proof of how succesfull one is (or how poor he is doing) is over the years in the forex community accepted as “not done”.
If one asks for proof he gets the typical attacks that each trader has his own strategy and own way of trading and that results should not be asked for because the develloper put already more then enough energy in sharing his system.
On forex-tsd and on any other FX forum there are so called hundreds of systems, strategy or discretionary trading methods.
If we forget for one moment the discretionary methods (because they don’t give 100% clear mecanical rules where everyone can have the same results) and focus on the systems that have clear mecanical rules, how comes that we don't see a regular update of the results that corespond 100% according the rules ?... How comes that we only see now and then a chart of a very nice trade in a trending market ?... How comes we don't see anything mentioned about the trades produced in a longer consolidation period ?....Breefly, why don't we see a full transparancy on how profitable a system realy is over a longer period of time and with ALL days in calculation ?....

In this mail I'm not gonna try to aswer those questions but each one of you should think of the following:
Lets say that tomorrow you would like to take over a compagny or a shop or any kind of business.
That means that you need to invest money. But before you going to invest money in that take-over wouldn't you like to see the book keeping and ballances of that business ?...Wouldn't you like to know how profitable that business is ?....Would'nt you like to know how quickly (or how slow) it is going to take you to get your investment money back and when you are realy going to start to make money ?...

For me personnaly that is THE MOST important facts or proof I want to see before I invest my money in something. I believe that each one of you should feel the same way. People should highly questionize introducers or devellopers of authors of topics of very nice system but who give also the impression that he has some sort of a build in radar that tells him when to trade when the market conditions are good and that he stands on the sideline when his system is caught up in a consolidation period.
How many times do I not read in the introduction on the first posting of a system....I have been trading this system for a long period of time and now I would like to share this with you. Some charts are posted and some indicators and templates. How about results or spreadsheets that could give proof of the results accordingly the rules or his longer period of trading that system ?...NOPE. How open and friendly and sharing that person wants to be, suddenly his results are a part of the confidenciality. If results are confidence why share a system in the first place ?...

So my main goal with this privat trading group was to give you a 100% mecanical system that each one of you could follow if he knows how to push a button and that has 100% transparancy on the profits.
In the start of the group I gave a system that produced high profits but that stayed theoretical for the majority of the group because it required to much time and aspecially concentration. There was to much room for errors and errors were punishied severally. The theoretical profits were hughe but the majority of the members were not able to get those results because of practical issues.
So we came to a point where we concentrated on 2 pairs. The eur/jpy and the gbp/jpy. When trading only those 2 pairs the trading activity dropped to only taking in between 3 and 6 trades per day. And this from 15min charts that gives plenty of time to go to the toilet have a snack or a drink or surf on the internet.

Now about the results:
The resuls that we made only on those 2 pairs over a 3 month period are absolutly remarkable to say the least and even behond my wildest dreams.
First of all the results were there to be made by everyone in the trading group and were witnessed every day by all the people who have the indicators and templates who generate the signals.
Even today one can still go back 2 or 3 months ago and look for the buy or sell arrows on one of those pairs and check out the results accordingly that are placed in the spreadsheet. So even till today there is a full transparancy on the results made and the signals that were responsible for those results.

Secondly, each of the signals that are generated are fully supported by visual signs (lines tags popup screens and audio alert) where to take profit or when to exit or when to take a stoploss.

Thirdly and most important the result itself: The system on those 2 pairs over a 3 month period generated a + 4.840 pip ( four thousand eight hundred and fourty) pip profit (excl. spread).
But most important of this profit is that the Maximum drawdown was only 324pips. So over this period the profit was more then 10 bigger then the risk took to make this profit.
For the month of december we made +1287 pips (excl spread).
1st week + 455pips, 2nd week + 217 pips, 3rd week + 512pips, 4th week + 103 pips.

At some point we descided to submit our results to the VERY same rules of this world EA competion Participants - Automated Trading Championship 2007 . We had monitored the results since the 19th of Oct so we only had to go back over
the first 14 days of Oct in a historical way to what our results would have been according our signals and rules. All the rest of the results was witnessed by the members in the room.
When we implemented the same compounding strategy and same leverager and Max. contract size etc. We see that we easely beated the person that was 1st in the competion. We end the 3 month period just over 200.000$ on the competion aproach ( 10.000 initial balance)

I know that some of you will think that this is of course theoretical but again there is 100% transparancy in the whole system and results and clearness of the signals to have a VERY good idea on what was possible over that 3 month period. Even if spread and slipage has to be deducted.

So the ZoRRo system has prooven to be a very robust aproach. Highly profitable with a high daily hitrate (66%-- of 61 trading days 40 were profitable or 2 out of 3 days is profit) and with very small risk.

So I hope that I made you realize that nice profits can be prooven and witnessed and with a full transparancy and that I succeeded in giving you a system that could help you in your ambition to trade for a living.
For next year (month) I gonna see with some members of the group to realize these profits on a standard 10.000$ MT4 account so they would match reality.

For those who are interested in joining the group you are very much welcome but you need to realize that the profits we make will not be given to you when you feel like trading. It is not by sitting 2-3 hours daily in front of your pc whenever you feel like it that the market suddenly descide to move in your favour.
For those who were a member over the zorro group in the past, I hope you learned as much as I did and are convinsed that sticking to a system with 100% discipline is the only way to be profitable on the long term.

For all of you I wish you a very good and profitable 2008 and for those who descide to trade for a living I wish you a year with a very high reward/risk ratio.

Regards and to be continued....iGoR

INFORMATION: zorro_trading_group@hotmail.com

Attached Files

G-J+E-J compounding.zip (13.1 KB, 60 views)

__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

can anyone post live performance / statement here?