good profits!

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http://luizea.mt4stats.com

Yep, its a good approach

Are you guys serious? This pair has been sideways since april, take a look at your weekly chart. Even so, it is pushing a 12 year high so are you sure you want to stay long? An EA needs to work in all conditions without intervetion, I find it laughable when people do backtests only going long or only going short to show how good it is, come on. I would have gone long 12 months ago for sure, I don't need an expert to do that with hindsight on my side.

I use the backtest to check the performance but all my tests are live .

You find the idea funny however it makes money . For you the the chart is going in sideways then you definitely are looking at the wrong chart or you need to change your broker , if you can't make money that's your porblem .... we see what we want to see, and each one has his own idea for trading , I create my own methods and I don't follow the crap on the internet, you said you could have gone long form 12 month ago , I wonder why you haven't done it, talk is easy.

Many times I have said you can turn a bad expert to a good by selecting buy/sell only from expert properties, and my post was about the same idea... in other words follow the trend if you can see it ... but I don't blame you if your looking at the wrong pair its EURGBP the one where its trending up, where the price is about 0.8141 , you can see it by :
- go to file
- new chart
-then select EURGBP not GBPCHF because GBPCHF is going down
now if you still don't see the up trend then change your broker he must have switched the currency pair charts, or you can flip the monitor and down trend will be an up trend , that makes me wonder if the 90% who lose flip their monitors when they trade, would they win in forex ?... that's something for you to test

Now lets see what you describe as funny : more than 30% increase in about 10 days with less than 1% DD Flawless Victory.... do you still think its funny ? do you see the up trend now ? if not then do as I advised before flip your monitor

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You are quite defensive in your comments. That's ok I can see you are a lightweight. If you think that a long term trend is established by looking at a 5 minute chart you need to get back to basics. What happens when your expert has 3 or 4 losses on the short side, do you then decide to go short only on the pair? An EA needs to work without intervention, lets see how long you can stay profitable going long only.

lightweight maybe I am on diet

You don't get it do you, I see that your slow so its ok I will explain the post again, and again and again and again, till you understand it.

The trader ( Human) is the one to decide the tend direction, and then the expert will only place the trades, so in case of a short trend I will be going to sell only , was that difficult to understand , Once I got 2-3 losses and I see a change in the trend direction, I change the logic of the expert ... and if you have noticed I have less than 1% DD so my entry is very solid meaning I can take some losses before the trend change its direction .. I haven't seen any of the so called fully automated system that makes money like I do, so I give my personal touch to the experts to keep them on track .... you claim that the expert should be fully automated, fine great idea easier said than done, show me an expert that is fully automated and makes money without draw down ... if you can't then crawl back and enjoy the show

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This is an update , just for teasing

BTW I am not defensive but your post was offensive so I gave you a taste of your own medicine.

You don't know me and you don't know InTrance, and I am sure both of us are better trader than you are and I wanted to make that clear to you by showing statement not backtests; If you have addressed your point in a proper way you would have got a decent answer.

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I'm amused that after a whole 40 trades you consider yourself to be a better trader than I am. Truth is you are hanging around forums looking for ideas, as well as I. I doubt any "really good" traders would be hanging around forums but that's another discussion. Seriously though dude, not trying to offend you at all. My comment is aimed at debating the strategy not at you. I suspect your drawdown is tight as you have probably lost on a swap last month. It looks good for now, and I would like to be proven wrong so I hope you can show equally good results on the downturn. Judging by today's activity it would have been tough going long during the London session on this pair. As for identifying the trend, that's an easy thing to do. Problem is that price rallies within a trend which prevent you from using tight stops, in turn producing a poor risk/reward ratio.

I don't have to prove anything to you, and its not only 40 trades , here is today's trades, and I did rather well even in the short trend during the London you can see the updated results, and i made good return last month as well , as I said I have solid entry rules and I AM a good trader.

The most complicated system ever made by man, still requires a human touch from time to time to tune up the system ... that's because the environment conditions keeps changing so the algorithm has to be updated and modified to accommodate the new changes.

Forex is a non linear market, sometimes there are cycles other times it totally random, to make an expert that trade on all these conditions is almost impossible and very difficult its like going to the moon for the first time.

by deciding the trend manually we have taken the most difficult task the expert need to do , the rest is pure MM, so when forcing the trades to be long only, we have increased the winning chances by removing the short trades in a long trend , and if the expert took the wrong trades then the SL will be small and the chances to recover from the losses is much better.

Design Control systems is part of what I do, forex is just another system I am trying to control

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Are you really talking about Minime?

Thruth is you are really don't know who you talk about. Minime is one of the best contributor here and there. You have to read a little more before posting this kind of comments.

Just my opinion.

FerruFx

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