Thursday, November 20, 2014

New #EA #trading #DAX h1 time frame #FX

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Sorry I have been MIA lately.. Working on an EA. It uses multiple eMA crosses and trend information from multiple time frames. Fully controls all entries, long & short and manages stops.

I have read some things about MT4 strategy tester results not being very reliable.. oh well, so far so good as far as I can tell :)

Sorry for the crappy video, best viewed full screen.




Here is the recorded results

Bars in test 1911
Ticks modelled 724439
Modelling quality n/a
Mismatched charts errors 603
Initial deposit 50000.00
Spread Current (2)
Total net profit 3327.48
Gross profit 9208.23
Gross loss -5880.75
Profit factor 1.57
Expected payoff 81.16
Absolute drawdown 880.39
Maximal drawdown 3360.92 (6.40%)
Relative drawdown 6.40% (3360.92)
Total trades 41
Short positions (won %) 32 (84.38%)
Long positions (won %) 9 (66.67%)
Profit trades (% of total) 33 (80.49%)
Loss trades (% of total) 8 (19.51%)
Largest
profit trade 996.11
loss trade -1350.14
Average
profit trade 279.04
loss trade -735.09
Maximum
consecutive wins (profit in money) 17 (5023.34)
consecutive losses (loss in money) 2 (-1967.06)
Maximal
consecutive profit (count of wins) 5023.34 (17)
consecutive loss (count of losses) -1967.06 (2)
Average
consecutive wins 7
consecutive losses 2

Let me know what you think in comments

-Greg

Tuesday, November 4, 2014

The Science of Getting Rich: CHAPTER VII [excerpt] by Wallace D. Wattles #Gratitude

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Gratitude


THE ILLUSTRATIONS GIVEN IN THE LAST CHAPTER will have conveyed to the reader the fact that the first step toward getting rich is to convey the idea of your wants to the formless substance.

This is true, and you will see that in order to do so it becomes necessary to relate yourself to the formless intelligence in a harmonious way.
To secure this harmonious relation is a matter of such primary and vital importance that I shall give some space to its discussion here and give you instructions which, if you will follow them, will be certain to bring you into perfect unity of mind with the supreme power, or God.
The whole process of mental adjustment and atunement can be summed up in one word:
Gratitude.

First, you believe that there is one intelligent substance, from which all things proceed. Second, you believe that this substance gives you everything you desire. And third, you relate yourself to it by a feeling of deep and profound gratitude.

Many people who order their lives rightly in all other ways are kept in poverty by their lack of gratitude. Having received one gift from God, they cut the wires which connect them with him by failing to make acknowledgment.

It is easy to understand that the nearer we live to the source of wealth, the more wealth we shall receive, and it is easy also to understand that the soul that is always grateful lives in closer touch with God than the one which never looks to him in thankful acknowledgment. The more gratefully we fix our minds on the supreme when good things come to us, the more good things we will receive, and the more rapidly they will come. And the reason simply is that the mental attitude of gratitude draws the mind into closer touch with the source from which the blessings come.

If it is a new thought to you that gratitude brings your whole mind into closer harmony with the creative energies of the universe, consider it well, and you will see that it is true. The good things you have already have come to you along the line of obedience to certain laws. Gratitude will lead your mind out along the ways by which things come, and it will keep you in close harmony with creative thought and prevent you from falling into competitive thought.

Gratitude alone can keep you looking toward the all, and prevent you from falling into the error of thinking of the supply as limited — and to do that would be fatal to your hopes.

There is a law of gratitude, and it is absolutely necessary that you should observe the law if you are to get the results you seek. The law of gratitude is the natural principle that action and reaction are always equal and in opposite directions.

The grateful outreaching of your mind in thankful praise to the supreme intelligence is a liberation or expenditure of force. It cannot fail to reach that to which it addressed, and the reaction is an instantaneous movement toward you.

“Draw nigh unto God, and he will draw nigh unto you.” That is a statement of psychological truth. And if your gratitude is strong and constant, the reaction in formless substance will be strong and continuous; the movement of the things you want will be always toward you. Notice the grateful attitude that Jesus took, how he always seems to be saying, “I thank thee, Father, that thou hearest me.” You cannot exercise much power without gratitude, for it is gratitude that keeps you connected with power.
But the value of gratitude does not consist solely in getting you more blessings in the future.

Without gratitude you cannot long keep from dissatisfied thought regarding things as they are.

The moment you permit your mind to dwell with dissatisfaction upon things as they are, you begin to lose ground. You fix attention upon the common, the ordinary, the poor, the squalid, and the mean — and your mind takes the form of these things. Then you will transmit these forms or mental images to the formless. And the common, the poor, the squalid, and the mean will come to you.

To permit your mind to dwell upon the inferior is to become inferior and to surround yourself with inferior things. On the other hand, to fix your attention on the best is to surround yourself with the best, and to become the best. The creative power within us makes us into the image of that to which we give our attention. We are of thinking substance, too, and thinking substance always takes the form of that which it thinks about.

The grateful mind is constantly fixed upon the best. Therefore it tends to become the best. It takes the form or character of the best, and will receive the best.
Also, faith is born of gratitude. The grateful mind continually expects good things, and expectation becomes faith. The reaction of gratitude upon one’s own mind produces faith, and every outgoing wave of grateful thanksgiving increases faith. The person who has no feeling of gratitude cannot long retain a living faith, and without a living faith you cannot get rich by the creative method, as we shall see in the following chapters.

It is necessary, then, to cultivate the habit of being grateful for every good thing that comes to you and to give thanks continuously. And because all things have contributed to your advancement, you should include all things in your gratitude.

Do not waste a lot of time thinking or talking about the shortcomings or wrong actions of those in power. Their organization of the world has created your opportunity; all you get really comes to you because of them. Do not rage against corrupt politicians. If it were not for politicians we should fall into anarchy and your opportunity would be greatly lessened.

God has worked a long time and very patiently to bring us up to where we are in industry and government, and he is going right on with his work. There is not the least doubt that he will do away with plutocrats, trust magnates, captains of industry, and politicians as soon as they can be spared, but in the meantime, they are all very necessary. Remember that they are all helping to arrange the lines of transmission along which your riches will come to you, and be grateful. This will bring you into harmonious relations with the good in everything, and the good in everything will move toward you.

You can read the entire book online here (I highly recommend you do) The Science of Getting Rich by Wallace D. Wattles

Thanks for reading :: Greg

Friday, October 24, 2014

$SPX quarterly chart, reason to be alarmed? Or just careful

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Ok here's that $SPX quarterly chart I spoke about awhile back..

Of course with the involvement of governments & central banks no one can possibly predict what's going to happen next but..

This sure looks familiar..

Click for larger image

Friday, August 15, 2014

Fibonacci #magic for #trading #FX

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Haven't actually done a trading post for awhile :)

Learning to incorporate multiple golden ratio [161.8] fib levels into every single #trade you take "may" dramatically improve your returns.

This is done with proper placement, usage, of multiple fibs on multiple time frames.

It sounds complicated but once you know how to properly draw fibs & practice it for awhile it becomes quite natural feeling.

You have to realize that markets are fractal in nature. There are moves within moves within moves (as our EW friends know well ;)

Being able to see & understand the current condition of a particular pair on multiple time frames is the key.

For me there are several very important fib levels. They are 23.6 [I call it the stop hunt zone], 61.8 [often ping pong area with 23.6], 88.6 [support where you least expect it], 127.2 & the magical 161.8

23.6 [stop out zone]

61.8 [range area between 23.6 & 61.8]

88.6 [is sneaky, be aware of it]

127.2 [a great spot to take partial profits (if you haven't taken some already)]

161.8 [I call this a completion move, look for a possible reversal]

I'm using this mornings $USDJPY trade as an example of how this might be done.

First lets analyze the current condition on h4.

-Click charts for larger image-


Here's the m15 with some smaller time frame fibs


Learning to properly use fibs to gauge the current condition of PA on any time frame is invaluable.

Even down to m1..


Here is all the documentation for my system (minus the fib lesson)

Greg

Saturday, August 9, 2014

@WalMart Alcohol #policy = #corporate idiocy @briancnick

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[For reference Joplin, MO.]

As much as I dislike giving personal information on the blog I admit that we do our weekly shopping, grocery and otherwise, at @WalMart (Actually we like WalMart ;)

This is a post about what we experienced there today.

We go usually every Saturday and our disabled 29 year old son goes with us. Today we also had our 14 year old granddaughter too. We bought a couple boxes of wine with our groceries, as we do every week. I went to get a drink of water and when I got back Mrs Warrior was pissed.. lol Apparently the gal checking us out had refused to sell the wine to Mrs Warrior because the checker carded our 29 year old son who did not have his ID with him.

???

We asked for a manager & got a CSM (Customer Service Manager) who informed us that, yes indeed it is WalMart #policy to ask for ID from an entire group if the sale includes alcohol?

We asked for a store manager lol

We got an assistant store manager to discuss the situation with. He explained to us that they had some "new policies" yet he didn't attempt at all to defend the policy we were being confronted with.

I asked him, if our 29 year old son had been at home & only our (obviously minor) 14 year old granddaughter had been with us would I have been carded? To which he responded no.

At that point making their policy If Mrs Warrior is, attempting to, buy wine, with proper ID, then her 29 year old son who looks as if he might be under 40 should be carded & if he doesn't have any ID the alcohol sale should be denied. But if our 14 year old granddaughter is with us she is not to be IDed because she is a minor.

I'm sorry but, what?

Anyway the assistant store manager decided he didn't have a problem with us buying wine so we did manage that ;)

This is just so wrong on so many levels.. I understand it's a bleeding heart PR effort on the part of WalMart so as to seem as if they are "protecting our children". I think I even understand how the corporate masterminds intended (good intentions & all that) for it to go down.. I mean face it.. A group of 5 come through the line with a case of beer, a bottle of vodka and some chips. They're acting stupid like they just smoked a blunt and 4 of them look 18 or younger but the one buying is 21 with proper ID.

What do you do if you are a responsible corporate retailer?

Obviously, to me anyway, your responsibility is to follow the letter of the law. Which is no alcohol sales to anyone under legally determined age, period.

What is not WalMart's job is law enforcement, period.

WalMart has NO business trying to "guess" or "predict" what the intentions of a, legal, purchaser of alcohol might be once they leave the store. How the heck could they possibly do that in reality?

I checked and WalMart's official alcohol policy, plus a little store policy, is anyone who looks under 40 is to be carded when buying alcohol, period.

But I also saw this story from Ames Iowa -quoted

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In an email to Davis, someone from Wal-Mart's customer service department told him the chain was experimenting with new ways to thwart underage drinking.

"In order to ensure that alcoholic beverages and tobacco are not sold to minors, Walmart is testing point-of-sale age checks in some locations across the country," the statement read. -emphasis mine

--- end quote

Here's a link to the full story Wal-Mart: Worker wrong to refuse alcohol sale

Mrs Warrior called the store & talked to the store manager who told us Walmart alcohol policy is to check ID & not sell to anyone underage.

Which I am PERFECTLY fine with, by the way.

But what is strange to me is that "someone" had to have impressed upon both the (relatively new) checker AND the "Customer Service Manager" that they were to card an entire group of people if alcohol is involved (and I guess if the (minimum wage) checker is "suspicious" (def: having the belief or impression that someone is involved in an illegal or dishonest activity)).

I rather doubt the two employees came up with their own alcohol policy over lunch.

Don't you?

Greg

Thursday, July 31, 2014

For those who purchased #ProfitableFX (is it millions yet? LMAO) here's a #trade walkthrough in charts

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Here is the EURUSD m15 chart on which the m1 long correction trade was based

--Click charts for larger image--


Where / why the (long) entries were set up


Trade progression


Closing the trade


Trade aftermath


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I sincerely hope everyone who has purchased #ProfitableFX is having a positive experience with it. Feedback & questions are always welcome, please address to @Ancient_Warrior on @twitter

If you have not yet purchased ProfitableFX you may do so here for ONLY $5.99 worthless USD #fiat! It clearly explains how to set up and use the system and includes many charts.

Why so cheap?

Because it is my personal desire to get this winning system (I'm doing about 80% winners & about 2,000 pips per month) into as many hands as possible because it's our best way to get back at those thieving Too Big To Fail (Jail) #Banks and the Primary Dealers who control AT LEAST 73% of forex volume!

When if there is sufficient demand I hope to produce an "Essential Fibonacci" document at a later date which would explain in full the proper use of fibonacci.

Thanks and best of luck everyone

Greg

Thursday, July 17, 2014

Fourth is finished; what about its meaning? By Herb Van Fleet

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Just thought this was pretty profound myself.. See what you think?

So the underlying importance of the Declaration of Independence was not just to proclaim a separation from Great Britain, though that was certainly a critical part. It was to turn the prevailing form of governance in Europe and the colonies on its head. No more divine rights of kings, no more monarchies, autocracies, oligarchies, plutocracies or despotic tyrants. Ours would be a government that must acquiesce to the will of the people and the people alone.

That then brings up the question that should be asked every Fourth of July: Is our country operating by the consent of the governed as intended, or have the governed been replaced by the elites, the lobbyists, the political parties, the military-industrial complex, the too-big-to-fail banks, the government bureaucracies and the self-indulgent politicians?

Unfortunately, the fact that we the people give Congress an approval rating of 13 percent yet re-elect 95 percent of incumbents makes the answer incoherent.

Here's a link to the full article

Greg