Originally Posted by iGoR

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.

Originally Posted by static

You could use whatever lot progression algorithm you want, the key thing is to have a max number of trades set at a reasonable number, say 4 or 5 so your progression doesn't get out of hand. But since your coding the EA and I am likely never to see it, do whatever you wish, it was just a suggestion. My thought was that since there are a number of small losses before a large win with this system, you could use martigale-type MM to help recover those losses

Also, has anyone else run backtests over the same period as Igor? Because when I run Nix's EA for the month of June on GBPJPY 1hr with an 80 pip trailing stop I get 19 trades total, with 13 loosing trades 3 of which are consecutive. The modeling quality is crap so take it for what its worth but I am not entirely sure that you would actually get 49 false signals for one good one. It would be nice if someone could do a backtest with 90% modeling quality to see what their results are.

Originally Posted by burn0050

What setting are you using for "Apply To" on the CCI? (Close? Median Price?)

Thanks,
burn0050

Originally Posted by burn0050

Something doesn't add up. If the NLZZ and ZZP are using the same logic, then an arrow would be placed at every zig zag line - but this isn't the case. I need to walk through the code, but the logic is definitely different - starting with the fact that the parameters are different.

I ran Nix's EA for June and visually added your ZZP v2 (keeps past arrows) - and it doesn't place orders when they are both there (from visual inspection).

Thanks,
burn0050

Originally Posted by MrPip

What makes you think you will never see the EA? I already sent a pm to BigBear and let him know I was doing this one for free.

When I do post my EA it would be great if people on this thread made a donation to my paypal account, especially if they begin to make money using it.

Robert

Originally Posted by MrPip

What makes you think you will never see the EA? I already sent a pm to BigBear and let him know I was doing this one for free.

When I do post my EA it would be great if people on this thread made a donation to my paypal account, especially if they begin to make money using it.

Robert

Originally Posted by jimer013

Hello Bigbear,

First thanks for the wonderful advisor. Would you happen to be the programmer of this EA, and would you know the input values for it to signal properly on the weekly chart?? I think it just might eliminate the repainting issues if it worked on the weekly chart instead of the 1 hour and 4 hour. I went to a forex coarse in Arabia last year and paid $5,000. The guy made millions trading in forex, and he swears by the weekly chart over all lower time frames.

Thank You