you know what they say, "make it foolproof, and nature will make a better fool"

____________ LOL _______________

right, fool proof or not - it depens on a fool

Murrphy's rule No:nnn
There is no system resistent to fools

PS: sorry Simba for spamming your thread

Here's how I see it, like that matters...

Simba came to us offering an idea, plus a lot of knowledge, in the spirit of bringing a group of people together to trade more effectively. A lot of people came on board to develop this thing into a technical system that has a realistic positive return over time. One thing I've learned, however, is that a combinative approach, using technical systems in conjunction with awareness of current events, God forbid, fundamental analysis, is the most effective way to trade this or any other market. It's subjective and can't be backtested, but let's not all be eggheads, either. How many of you can tell me what the current interest rate is in New Zealand?

Technical systems are tools. If I don't know how to use a sander I'll just sand everything in sight and make it into a discombobulated mess, but if I'm good at what I do I can transform a rustbucket into a pristine 1957 Chevy...

I think El Cid is pissed because he doesn't know how to use a sander...

Duke

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Banned from FF! A badge of honor...

Simba is a one hit wonder.His method only works on cable.It is his method that he is intimate with and truly understands.It only works on certain types of market conditions and if these market conditions change ,the system fails like it flopped earlier .

There are over 20 profitable cable systems ,so it does not take rocket science to be profitable on GBP/USD with most systems, and most systems are copies of other systems rehashed in a different format ,with different indicators yet doing the same old thing

Yeah just a one hit wonder copy rehashed

Urban Dictionary: one hit wonder

What is orignal about Simba ?He uses the handle of an animal thats all ,cause he only he know himself truly


Technical systems are tools. If I don't know how to use a sander I'll just sand everything in sight and make it into a discombobulated mess, but if I'm good at what I do I can transform a rustbucket into a pristine 1957 Chevy...
and how long willit take to make rustbucket into a pristine 1957 chevy ?another point to laugh at.
El Cid

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developer of professional quality expert advisors for fully automated trading

El Chutia,you should learn from children stories,since,obviously you hadn`t much time when younger..you were probably too busy scamming other children,so,now that you are approaching senility,let me post something interesting,that even your impaired brain will be able to grasp..Enjoy..


One sunny day a rabbit came out of her hole in the ground to enjoy the fine weather. The day was so nice that she became careless and a fox snuck up behind her and caught her.

“I am going to eat you for lunch,” said the fox.

“Wait!” replied the rabbit, “You should wait at least a few days.”

“Oh, yeah? Why should I wait?”

“Well, I am just finishing my thesis on ‘The Superiority of Rabbits over Foxes and Wolves.’”

“Are you crazy? I should eat you tight now! Everybody knows that a fox will always win over a rabbit.”

“Not really, not according to my research. If you like, you can come into my hole and read it for yourself. If you are not convinced by my data, you can go ahead and have me for lunch.”

“You really are crazy!” But since the fox was curious and had nothing to lose, it went with the rabbit. The fox never came out.

A few days later the rabbit was again taking a break from writing and sure enough, a wolf came out of the bushes and was ready to set upon her.

“Wait!” yelled the rabbit, “You can't eat me right now.”

“And why might that be, my furry appetizer?” said the wolf.

“I am almost finished writing my thesis on ‘The Superiority of Rabbits over Foxes and Wolves.’”

The wolf laughed so hard it almost lost its grip on the rabbit. “Maybe I shouldn’t eat you. You really are sick…in the head. You might have something contagious.”

“Come and read it for yourself. You can eat me afterward if you disagree with my conclusions.”

So the wolf went down into the rabbit’s hole…and he never came out.

The rabbit finished writing her thesis and was out celebrating in the local lettuce patch. Another rabbit came along and asked, “What’s up? You seem so happy!”

“Yup, I just finished writing my thesis.”

“Congratulations. What’s it about?”

“‘The Superiority of Rabbits over Foxes and Wolves.’”

“Are you sure? That doesn’t sound right?”

“Oh, yes. Come and read it for yourself.” So together they went down into the rabbit’s hole.

As the entered, the friend saw the typical graduate student abode, albeit a rather messy one after writing a thesis. The computer with the controversial work was in one corner of the room. To the right there was a pile of fox bones and to the left a pile of wolf bones. And in the middle was a large, well-fed lion.

All that matters is: Who is the lion?Not you El Chutia,not you...

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Somos mortales hasta el primer beso..y la segunda copa de vino

Well said .

I looked at your backtests during which time your system traded 24 hours a day and produced 3,800 pips equivalent to around 1500 per yearly average,with all the fancy indicators etc

That is mediocre performance MR ONE HIT WONDER

Here is the proof just incase you forget.These are backtests and reall performance can be far inferior due to may unforseen problems wit real trading and real execution

Don't be a wolf again

Attached Images

simba.jpg (68.5 KB, 396 views)

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developer of professional quality expert advisors for fully automated trading

I don't see any problem.

Simba posted all the indicators on the first post as mql4 files. Besides there is EA posted for GBPUSD (on the 1st post of this thead as well). As I understand it is MTF EA for M5 timeframe.
And I also looked inside the code of this EA:

So, that's no any problem: it is free trading system with free EA developed inside our forum.

And, according to my limited programming knowledge this EA was coded in right way: it was coded on close bar:

And so on.

Of course we can not say exactly about this EA anything based on backtesting results only (because it is MTF EA) but everything is fine as first imagination (by backtesting).

The other pairs seems the subject of the settings I think. And as I understand the settings for this EA came from this manual trading system. So, if we want for this EA to be profitable for the other pairs we need to come back to the beginning: attach indicators to the chart, see the settings and so on. It may be also more profitable for GBPJPY (but with more bigger drawdown).

Some people are selling MTF EA in commercial section but Simba (together with Malcik and popok_sakti) created free MTF EA as source code and it is very good support for our forum.

Of course MTF EAs are more risky than usual normal EAs. But anyway it is very interesting.

If someone feels that this EA needs to be improved so it is possible to place some suggestions, ideas and so on and authors will reply. Because source code was posted on the 1st post.

Sorry, I did not follow this discussion by 2 pages on this thread but I think that it is very good thread with very interesting EA.

This thread is very popular and quoted 10 times on many national forums but as I can not read Portuguese and Chinese languages so I don't know what they are talking about this system.

As I see this EA is based on ChandelierStops_v1 indicatr created by Igorad inside this thread Indicator Requests for EA. (plus SATL and ATR) so may be this thread is more related to this section http://www.forex-tsd.com/digital-filters/
We are having 1 or 2 public EAs developed inside our forum and based on digital filters so this EA is the next one.

Its obvious that you don't understand the purpose of this thread at all, but thats not surprising as you haven't actually read it.

The performance of the EA is completely irrelevant, if the EA lost 3,800 pips in backtest, this would still be one of the best threads here. If you don't understand why then its your loss

el cid

I can't see what are you trying to prove here, and regardless of the EA or the thread, SIMBA is one of the few successful traders who makes money, so whatever the misunderstanding was I would suggest to forget it and start to learn from SIMBA instead of borthing him, or move on to whatever you like.

You will gain nothing with your posts against SIMBA, because we know who he is.

Regards

Alan

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“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”