Hey droesparky,

That is a quetsion that a coder would need to answer. I am not sure why.

Bear-

Hey redyM,

You hit it on the nose. If you have read any books on trading anything not just Forex, you will learn that most pro traders lose way more then they win. But when they win they win BIG!!!!

I am no pro trader but I try to follow what the big boys do.

Thanks for your input,

Bear-

Hey droesparky,

That is so in anything. I have benn through 100's of "systems". Some free some that cost thousands. Some good, some bad. The point is I found something that works. For me.

You need to be comfy with what you do in trading. I dont want to knock other peoples system because I have no right to do so.

If it works for them great! But they dont work for me.

Let me give an example. Someone sent me a system they where developing where the SL was between 100 & 200 on a 4 Hr chart. The system was generating around 700 a month. When I told them about FTC they said it would never work. You will get stopped out so many times. Its true. I do. But When I win I dwarf what I lose by a substantial amount.

Im ok with losing 30-50 pips a trade. Not 100-200. He said he averages only 4losses a month. I average 7-9 a month. He averages 3-5 wins between 100-200 pips each. I average around 3 wins @ 400-1000+. You see my point.

He still was not comfy with almost 10 losses. He was so worried about his "average". Who cares about averages. It does not matter in Forex. What matters is how much you get in the end.

He is trading minis right know. Lets see if he is comfy with full lots losing 200 pips. Not me.

There are many great systems on this & other forums. This is the one that works for me. I hope you all can make some pips on this until you find what works for you. If this is it then great! If not I understand.

Good Luck to all of you.

Bear-

which broker is that basza?


bkoori

Hi bkoori,

We worked out that it was most likely a glitch as in the morning it was gone from the charts. The broker was North Finance.

Cheers
basza

In one of the earlier posts you said "The proper entry signal is when they bouth touch". In later post you said "The signal is valid as long as the arrow and the NLZZ are on the same candle". I would like you to make it clear for me. Is it valid signal if the arrow developes on the same candle as the NLZZ, but it is well above or bellow the NLZZ (not touching it)?
Thanks so much for your help.
Regards,
Pluto2

bigbear,
Do you still trade only the 1H E/J and 4H G/J? Are these where the averages come from when you wrote you average 7-9 losers a month of 30-50 each and about 3 wins of 400-1000+?
Thanks in advance.

Hi Bear,

I am a newbie, I just started trading 3 months ago, but I know well about programming in C.
I tried to understand the idea behind your KISS.

Your loss to win ratio is basically high (=10/1).
In most trading systems, they always maintain loss to win ratio very-very low (the perfect one is no LOSS, and it is possible if you have very very big amount of money in your account...no way to get a margin call).
Most system is believed that low to win ratio will produce high profit. But it is NOT ALWAY true !!. Profit is not only depending on this ratio, but also on winning PIPS.
Your system has high loss to win ratio, but total losing pips (=300) is much lower than winning pips (=600). So that in the end your system is profitable.

Forex11 and mpower (hi forex11 and mpower..!!), tried to reduce loss to win ratio by adding an indicator. This works great in reducing the ratio. However, the total winning pips will not be as much as those obtained from original KISS system. Because of the delay of indicator when the price is COMPLETELY REVERSAL. (Am I right Forex11 and mpower ..?).
I think, the total profit among others is about the same in the end.

redyM

I'm very much a newbie, having only studied Forex for little over a month, but I know something good when I see it...

I found this thread on Wed 8/17 night, read a bit of it, and loaded the indicators. I checked the GJ chart and saw the buy arrow, so I bought.. then bought on the UJ & GU. The next day I was up over 600 pips!!! So I am on board!!!

Since then I've read this thread almost twice, and came up with my first offering for the group. I added the email alert to the ZigZag Pointer along with the options to turn it off and on along with the screen alert. It could possibly be better if the alerts only happened once per bar, but I couldn't get that to work yet.

As far as the losses at the beginning of the trade... knowing how many pips can be made, aren't we being a bit greedy...?? YES!!! So how about buying/selling another lot during the strongest areas of the trend using other ind.? OR after retrace? OR Trading H1 along side H4 trade??? Those losses would be made up and then some...

Anyway, I never write in forums, I usually find what I need and move along, but this has me obssessed!! BTW.. I just had twins, so I couldn't have found this at a better time!!! I'm so anxious for Monday!!! (never said that before)

Thanks Bear & Forex11!!! Thanks for giving!!! I've already bought a few systems and this blows them out of the water!!!

Quick question... What are your rules for weekends?? I would guess.. hold on while trading H4... get out by Friday trading H1..??

Attached Files

ZigZag_Pointer_alert_email.mq4 (5.9 KB, 185 views)

This is not a commercial, just something that's gonna help me trade.

I found this free program to remotely connect to your home/trading PC using a web browser. I tried it from work the other day and was able to operate MT4 & any other programs on my home PC. The 30 day trial is for the Pro version, but you can keep a dummied down free version after that's up.

I'll be using this till I can get a laptop, but this'll work from anywhere with high speed internet, so may not need a laptop for a while.

www.ntrconnect.com

Hope this helps you too!!