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I've been working on a few other projects. I only have limited time to code, and I spent a good 1-2 months working on TFX, and all it's off shoot projects. The whole project simply started with me trying to code an EA for someone who has long since lost interest in the system and the thread. I did attract many other talented traders with many great ideas. I have been contacted by dozens of traders wanting me to help code their systems. I don't mind spending my time on a system that shows promise, but I simply don't have the time to try and code every idea, and every system that people contact me with. I have been picking and choosing systems that appear to me to have promise, while at the same time trying to sharpen my coding abilities. I am not an expert coder, just a guy that has self taught, and learned by asking many questions. I realize I still have a long way to go.
I thank everyone who has participated and shown interest in this thread. I have learned a lot from everyone. Thank you.
As for TFX, there always seems to be just one more thing.... one more thing to change, and then it will work. After that one more thing is coded, surprise... now there is one more thing! I have gotten a little tired of staring at the same piece of code that is never done. I have since taken a little break from TFX, and have been doing some work on private projects. I'm not saying I'm completely done with TFX, but after all, I never really expected this type of system to do well in the long run. These type of systems always seem to fail, somewhere, somehow.
Wolfe, thank you for this excellent post.
People should read it carefully, and think more what a collaborative work means.
As for TFX, there always seems to be just one more thing.... one more thing to change, and then it will work. After that one more thing is coded, surprise... now there is one more thing! I have gotten a little tired of staring at the same piece of code that is never done. I have since taken a little break from TFX, and have been doing some work on private projects. I'm not saying I'm completely done with TFX, but after all, I never really expected this type of system to do well in the long run. These type of systems always seem to fail, somewhere, somehow.
Thanks Wofle - for putting an end to this useless strategy.
Don't give up on the Martigale System just yet. There are still hope for it if you use it to compliment some of the stragtegy out there.
Instead of using Martingale as a system/strategy for your trades, why not try to use it as position normaliser for any strategy you are using. For example if you uses a trend reversing signal strategy normally you will enter trade when you get a reversal signal and then set a PL & SL right? Instead of setting a SL, why not use the martingale system here to open another position to normalise your 1st position when the market heads to an opposite direction. Set the total position to a max of 5 to 8 then SL if the continues to trend in the opposite direction.
Your PL will change according to the number of position opened and will increase the probability of hitting your PL.
Have anyone ever compare a backtest result of any system with different PL and SL? I believe all have and most of you will realise that for every pip of SL you increase, you'll increase the total of winning trades. Same goes to your PL, every pip reduced, you'll increase your number winning trades wihtout changing the strategy.
Well, if you incoporate this martingale system into your system, you may very well have the same effect. It will increase the effectiveness of your system provided if you don't over doing it (put a limit to the max number of position).
Of course saying is easy, but if you don't try, you won't know.
I have been trading forex for 3 years and I've never come across any strategy that can last more than 1 month before wiping out my account until I use the combo strategy I suggested above. I have been using this combo strategy for 7 months now, and 'touch wood' it has not wipe out my account yet. It even survive through all the harsh condition of the Subprime shock and the multi cut of interest rate by US Fed.
Let me try to attach the statement graph for my forward testing since Aug07:
Just to give some hope to some of the Martingale supporters out there
Don't give up on the Martigale System just yet. There are still hope for it if you use it to compliment some of the stragtegy out there.
Instead of using Martingale as a system/strategy for your trades, why not try to use it as position normaliser for any strategy you are using. For example if you uses a trend reversing signal strategy normally you will enter trade when you get a reversal signal and then set a PL & SL right? Instead of setting a SL, why not use the martingale system here to open another position to normalise your 1st position when the market heads to an opposite direction. Set the total position to a max of 5 to 8 then SL if the continues to trend in the opposite direction.
Your PL will change according to the number of position opened and will increase the probability of hitting your PL.
Have anyone ever compare a backtest result of any system with different PL and SL? I believe all have and most of you will realise that for every pip of SL you increase, you'll increase the total of winning trades. Same goes to your PL, every pip reduced, you'll increase your number winning trades wihtout changing the strategy.
Well, if you incoporate this martingale system into your system, you may very well have the same effect. It will increase the effectiveness of your system provided if you don't over doing it (put a limit to the max number of position).
Of course saying is easy, but if you don't try, you won't know.
I have been trading forex for 3 years and I've never come across any strategy that can last more than 1 month before wiping out my account until I use the combo strategy I suggested above. I have been using this combo strategy for 7 months now, and 'touch wood' it has not wipe out my account yet. It even survive through all the harsh condition of the Subprime shock and the multi cut of interest rate by US Fed.
Let me try to attach the statement graph for my forward testing since Aug07:
Just to give some hope to some of the Martingale supporters out there
Linear Mode
