Mate, these are relevant questions. Yes, the original 4h system that Bear is using is simple. 4h timeframe, get a signal and enter. A repaint is a loss etc. But Forex11 has been running this with success with Bear from the start on the 1h timeframe using candle and other confirmations. Its interesting to know what discretionary means people use in 1h timeframe rather than enter on every signal.

I use this strategy if th price bouncing and not trending..because it repaints.

__________________
Nic
Change $300 to $300K Free Forex Strategy Communication Items

i wish i was a broker. I would have to be nice to everybody.

i don't mind when some experienced traders try to help, but Igor's posts just show that he is very negative with other/new strategies. Sometimes he is right, sometimes not, but it's still written in very negative manner. Don't get me wrong, i don't think Igor is a bad trader, i just think he is expressing his doubts in very aggressive and negative way.
I believe that in life, forex, etc you have to make some mistakes (even someone told you not to do it). Every mistake gives you a lesson and the key is to remember them for the rest of your life. Afre

Regards

MythosKid

Hi Big Bear,

It is not my intention to be hostely.
On all topics it is every time the same thing. If you are a YEAH-sayer you are very welcome. If you are a NO-sayer then get lost.

It is a public forum were every form of critisisme that is UNDERBUILD with FACTS should be welcome.
I don't shout or yell in the form of this system is rubish and without giving any proof.

I posted a picture of a period were this aproach is absolutly failing. Someone asked in a previous posting did the zigzag line and the arrows touch eachother over those 49 signals because only then you have a signal?...Yes they did touch over that whole period.

So one can open his eyes ( also you) and say wait a minute how can we solve this? Can it be solved ? If we can not solve it what will the effect be on our account next time this happens?...You say filters or use other stuff. Well maybe you could help to find that other stuff.

See youself as someone who is leading a pletoon of soldiers who are realy supporting you what ever it takes.
You take them into batle. Lets say that a spy points you out that on the road that you are going to follow (with your pletoon) that there is a mine field.
Then you have 2 options:
Or neglect the warning and continue with your pletoon and see soldiers blown-up around you ...OR... sit down and face the danger and ask yourself (and maybe with the help of your soldiers) how can we get across this mine field without any wounded or dead soldiers.
One can say: each is old and wize enough to make their own discissions. Well maybe there are plenty of newbies and people who only started to pick-up the game and depending on your expertese.

So you can pretend that the picture I posted was never there. But if you don't arm yourself against situations like that and if they happen again (wich they will of course) then you will shurely see that people will burn their accounts and abandon your system. Or you can do or find the nescessary if it happens again that you are armend against those situation and you will see that people will support you and stand by you no matter what.

The steinutz system was the very same problem. He was waving around with false backtest and claims of making millions of dollars on demo accounts. Many many people followed him. He was a herow. Look to his topic now. It died out completely. With many wounded and blown-up people. If he would only have opend his eyes and face the problems. (but more lickely he didn't want to open his eyes because he knew that the problem he was faced with was not to be solved but he took full advantge of asking money to everyone).


Now this person (steinutz) together with his programmer is standing on your doorstep to offer his services again.
Ill bet you that in some time he will find an EA (that will give great backtests because of the repainting) and aproach you to ask money for it on your topic for those who would be interested.

BigBear I send you honestly my friendly regards...iGoR

PS. On my topic I have posted over a long period of time and nearly every day the statements of my REAL accounts wich showed all my trades and the continious improvements of my equity balance so people could see what my method is capable of.

__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
Price moves in a 100% random way so build yourself a system that is not affected by trend or consolidation...(iGoR)

u r absolutely right,

BK

I'm just using RSI... and normal and reverse divergence guidelines.

Attached Images

bouncing Pip_9-12-07.jpg (174.6 KB, 826 views)

I add it the highlights and the smilies to the quote...sorry...I could not rezist...

You were right first time and now and you surely know what you are talking about :-) I personaly did not persive you as arogant just ...aware. I guess you don't want to waste your time working on solutions, with this system/or any other, if you do not have the "proof" that is worth it...well, I don't blame you...time is money :-)

I personaly like the system (has big promises:-) :-) ketching the big moves and all...but I am also aware of the so many fake signals and trying to see if there is a solution to that. Did you think of any ?

P.S. I like your quotes too:-)...they were so good that I did not notice they were yours first time I read them :-)

P.S. let's keep it pozitive :-) even the criticism :-) I think Bear has only good intentions :-)

Igor, I've seen your work on this forum and you always have been very keen on helping all interested. It's invaluable that people coming into this market get a hand in the beginning. The thing is, and I'm talking from my own experience, that it's not the system that increases the account equity, but the trader. Two years ago, when I first went live with my system, I freaked out the moment price went into a range and my trend following "system" created a DD. Then a few months later I found Murrey Math and traded it without stop loss. What do you think the outcome was when I was short cable in april 2006? The point I'm trying to make is, that yes, there are a lot of newbie soldiers here, some of them will die young (get discouredged and quit), some will get wounded ( like I did) but will heal and persevere. There is no regulation that compells us to use stops, no Highway Code for trading that will help keep emotions at bay. This is the only business that intentionally has no rules so people would come in and leave their money on the table for others to take. Only experience can save those newbies, cause most of us learn ONLY on experience. I know I did.

Still noone how can send me all the right files so i can test this ?

thx
dazix

There are only 2 files for the original system, and they are in the 1st post of this thread together with an explanation.
Otherwise you have to read 800+ posts like we all did to understand more. No way around it!

Have fun...