[Forex] Road to $1000/day

[AlumniAce]

How much did the bot cost? How does it work?

 

[clark123]

@DFWi Reaper and @primeCS

I'm so glad to find this thread...I paper traded stocks for a year and did exceptionally well. I have my own system I developed from reading books and analyzing human behavior in the markets but besides papertrading, I haven't been able to backtest this system over a few years becos i dont know how...not a coder and i dont know any tools that can help...my system is built around price/volume data - simple support and resistance....can u pls help me on how I can backtest this system? If possible, for free?
Or what coding language do I have to learn in order to develop my own bot to test this system and trade with this system? Thanks very much

you can go to tradingview and back test your system as far as you want man

SO many to respond to, lets give this a whirl



1) I've backtested four years, with multiple settings. Some settings did better than others for certain markets (and I have different settings for different market types). I dont personally believe very strongly in huge backtests. Because not every strategy works for each market. You have to always be changing, updating, and moving with the times. Just IMHO.
2) Are we talking equity drawdown or balance drawdown (some people refer to them differently).



I have It's used in technical analysis trading. Well by some people at least. The way I learned it was implemented as a trend guide.



I will send you a PM on here



I will send yo a PM on here



No one makes $1k a day? In Forex or anything? Because in my friend circle, granted a small one, half the people bring in 7 figures a year....



I've personally never studied stocks, so I'm not sure how auto-trading works with them? I feel there are many variables that could be pinpointed, but a lot more goes into a stock than just numbers. There's significantly more human interaction that affects stocks in my opinion. I would try and find someone that codes stock systems. I found one for forex, and they have helped me along the way. I dont actually code myself unfortunately.



Thanks mate

[/QUOTE]
mind sending me the info on copy trade as well. I audit listed company for a living

 

[Mompharhath]

thanks mate

 

[DFWi Reaper]

How much did the bot cost? How does it work?

Depends on how you look at it It is one of many, many, many attempts. Thousands more than I should of spent trying to find stuff.
Price Action.

you can go to tradingview and back test your system as far as you want man

mind sending me the info on copy trade as well. I audit listed company for a living

I've never backtested in tradingview, don't they have their own code for testing? Maybe I'm wrong, never done it before

You going to audit my system?

 

[DFWi Reaper]

Guys, I'm going to be honest. I will send you info on my system. But I am not here to try and sell it to yall. I've typed out a nice info response to those interested. But for the love of God, do invest money into my system or anyone else's system that you are not more than willing to throw away. I don't plan on losing money (that's why I have precautions in place to avoid it). But if 10% of the account get's lost in a month and that's going to detriment you, please don't be trading Study what you're investing in as well, a lot....

I'm off to bed, it's been a slow but good week. Looking forward to 2017 and what it will bring

 

[SEO FOX]

Good luck buddy

 

[BlackCat0.0]

Good luck mate!

 

[michaeladewale2010]

I've personally never studied stocks, so I'm not sure how auto-trading works with them? I feel there are many variables that could be pinpointed, but a lot more goes into a stock than just numbers. There's significantly more human interaction that affects stocks in my opinion. I would try and find someone that codes stock systems. I found one for forex, and they have helped me along the way. I dont actually code myself unfortunately.

i learned a little bit more about forex as well.. but i stuck with stocks because i like the idea of investing in companies....ultimately tho i think tech analysis is the same all over....same principles apply in the markets ...fear and greed....i believe thats what drives every market...i might be wrong tho but thats what my system is built around....thats why i need to test over a couple of years. please can u link me with the forex guy you have...maybe he might be able to code soemthing for me for stocks or maybe point me in the right direction./ thanks

 

[TheMystery]

Best of luck!!!

 

[DFWi Reaper]

Good luck mate!

i learned a little bit more about forex as well.. but i stuck with stocks because i like the idea of investing in companies....ultimately tho i think tech analysis is the same all over....same principles apply in the markets ...fear and greed....i believe thats what drives every market...i might be wrong tho but thats what my system is built around....thats why i need to test over a couple of years. please can u link me with the forex guy you have...maybe he might be able to code soemthing for me for stocks or maybe point me in the right direction./ thanks

For the safety of my system, I will probably not give out my connection. Sorry mate :/

Best of luck!!!

Appreciate the good luck fellas! Hope everyone has a great 2017

 

[Kiwiii97]

This was extremely interesting! Really wish you well! Hope you figured out how to break the system

Will be following for sure, good luck!

 

[dacash]

It's looking good but the problem is your already very high Draw down. You can't increase risk, i've been developing an Quant also on forex, it's doing about 0.2% a day with 3% DD so i can increase risk and still be low DD. Never give up and you will find success.

 

[LoftPower]

Hi Op! Great journey. Will be sure to follow along.

 

[neilbhabuta]

Following also, keep this updated and can u please PM me for me to follow your trades?

 

[DFWi Reaper]

This was extremely interesting! Really wish you well! Hope you figured out how to break the system

Will be following for sure, good luck!

THanks

It's looking good but the problem is your already very high Draw down. You can't increase risk, i've been developing an Quant also on forex, it's doing about 0.2% a day with 3% DD so i can increase risk and still be low DD. Never give up and you will find success.

Yeah I'm not really sure how myfxbook calculates drawdown, because one site says I have 0% drawdown (never had a losing day?), another says 8% drawdown, and myfxbook says 20%. I've had small equity drawdowns of a few %, but never a 20% loss. So Not sure how it's calculated per each site or why they are so different....

Even so, mine averages 1.25% (was 1.5% until last week as it was suuuupppeerrr slow). So for your system to make 1.25% would put your DD at around 20% as well Would love to see some stats on your system though! Always fun to meet other traders

20% isn't that bad by the way. Many stock traders see that and way higher.

 

[DFWi Reaper]

Hi Op! Great journey. Will be sure to follow along.

Following also, keep this updated and can u please PM me for me to follow your trades?

Thanks guys!

 

[Deleted member 906759]

Great stuff here and thanks for sharing. I would like to know more about your mindset and how many hours a day on average do you spend on this? Like do you balance this out by having hobbies and a normal life or are your working pretty much every waking hour of your day towards this business? Like is there such thing as a 'balanced' approach towards making money or starting a new business? Thx!

 

[knowing25]

It will be more amaze us if you can also provide a video so we can see it in live action.

 

[Frozen Phoenix]

Also interested. Send me a pm with more info if you have time

 

[DFWi Reaper]

It will be more amaze us if you can also provide a video so we can see it in live action.

I'll think about doing this

Great stuff here and thanks for sharing. I would like to know more about your mindset and how many hours a day on average do you spend on this? Like do you balance this out by having hobbies and a normal life or are your working pretty much every waking hour of your day towards this business? Like is there such thing as a 'balanced' approach towards making money or starting a new business? Thx!

Part of me feels this is a C&P? Forex isn't a new business?

Also interested. Send me a pm with more info if you have time

What do you want info on?