FXiGoR DYNAMIC Breakout system on Daily Average Range - page 21
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
IBFX servers are set to GMT = 0.
Please excuse any miseducation on my part.
For this ea should my setting be 16 for GMT?
Thank you for your response.
Anyone having any success using this system? The last few days have been terrible from what I see, atleast for the GBP pairs that I followed. EURUSD and USDCHF behaved much better than GBPUSD, GBPCHF and GBPJPY what I was monitoring.
Usage
Anyone having any success using this system? The last few days have been terrible from what I see, atleast for the GBP pairs that I followed. EURUSD and USDCHF behaved much better than GBPUSD, GBPCHF and GBPJPY what I was monitoring.
I was for a while and then a kind of stopped using it. I feel that it gives away too many pips.
Some of the other users seemed to have been doing really well, but they've stopped posting their results and commenting to questions so, maybe they're not anymore.
I was for a while and then a kind of stopped using it. I feel that it gives away too many pips. Some of the other users seemed to have been doing really well, but they've stopped posting their results and commenting to questions so, maybe they're not anymore.
It really does not give away too many pips. You have to let these breakout systems a lot of room to breathe. In the long term that tends to be more profitable. When trading, if you are looking for instantaneous gains, then you are looking for trouble. However, if you are willing to withstand some pain and let the system do its job, you will have a better chance at success.
Were you demo trading? If you were, you got discouraged because the system lost "play money"?
I have told Igor this in a PM, that I think in the long term the system will not be profitable. I ran backtests and because the system does not really need tick level data, minute data was good enough. The results were not encouraging.
@maji
do a backtest by hand and you will see that the system is profitbale
It really does not give away too many pips. You have to let these breakout systems a lot of room to breathe. In the long term that tends to be more profitable. When trading, if you are looking for instantaneous gains, then you are looking for trouble. However, if you are willing to withstand some pain and let the system do its job, you will have a better chance at success.
Were you demo trading? If you were, you got discouraged because the system lost "play money"?
I have told Igor this in a PM, that I think in the long term the system will not be profitable. I ran backtests and because the system does not really need tick level data, minute data was good enough. The results were not encouraging.Yes, it was play money, but I was only gaining about 30pips a day with 3 pairs as opposed to 145 and 200 or so some of the other users were gaining.
I asked a couple of questions about exits (wether manual or automated) and didn't get a response. So, I just didn't pursue it.
Latest Version
Can someone point me to the latest version of the FxIgorSystem EA.
Can someone point me to the latest version of the FxIgorSystem EA.
This is the last one I have. . .
Yes, it was play money, but I was only gaining about 30pips a day with 3 pairs as opposed to 145 and 200 or so some of the other users were gaining. I asked a couple of questions about exits (wether manual or automated) and didn't get a response. So, I just didn't pursue it.
Gosh, you don't like 30 pips a day? If using an EA, which is basically minimal effort, you can make that kind of money, why did you stop using it? Who cares if others were making 1000000 pips... if you can make 30 pips a day consistently, you can make a million bucks in a short period of time starting with a modest capital.
Remember, trading is all about fear and greed, along with money management/risk control. Don't let greed prevent you from trading a good system.
Gosh, you don't like 30 pips a day? If using an EA, which is basically minimal effort, you can make that kind of money, why did you stop using it? Who cares if others were making 1000000 pips... if you can make 30 pips a day consistently, you can make a million bucks in a short period of time starting with a modest capital.
Hey, I just figure if others are doing it with the same ea, I should be too. . . makes that million bucks a whole lot closer.
Remember, trading is all about fear and greed, along with money management/risk control. Don't let greed prevent you from trading a good system.
I'm still trading the system on and off - it works a lot better on demo than real . . . at least for me.
Thanks for the response.
Happy pipping,