Where are they? The only one that’s hanging around here is you and a couple skeptics.
The numbers speak for themselves
Which numbers might you be referring too? The number of dollars your system lost before you surrendered in defeat, the percentage of those that accurately predicted that you would fail, or the number of times you had to bump this thread begging people to google your blog?
You are absolutely correct that the numbers speak for themselves.
Unfortunately I was unable to complete the MT4 automation part of the system so that will have to come later. However the challenge will begin within the next hour or so with regular updates throughout the day’s to come. As usual I will publish at least one of my day trades per week.
Target:
$300
Will the challenge be won the public consensus at this point is:
31% (Yes), 55% (No), 14% (Not sure)
An independent judicator has been given 24 hour and full access to the trading account to monitor its performance. He is a well respected financial guru with over 40 years experience in the industry. This will provide more transparency to the challenge and further solidify my forex technology.
Be sure to visit the main blog and vote, one set of positions will be published sometime this week.
Will the challenge be won the public consensus at this point is:
31% (Yes), 56% (No), 13% (Not sure)
You can change your vote at any time throughout the challenge and visit the main blog for daily positions that I will publish once a week.
Yesterday, the markets were quite unsettled surrounding an outbreak of swine flu virus said to have originated in Mexico. One would expect this to cause further volatility throughout the week, however the model held out and will reduce each pairs lot size by 0.10/pip.
Target:
$500
Balance:
$50,007
Equity:
$48,410
Return
+0.01%
Current Performance
-0.6%
I shall be publishing my positions for tomorrow at Journal of a $50000 FOREX Challenge sometime later today for those that are interested.
Will the challenge be won the public consensus at this point is:
33% (Yes), 56% (No), 11% (Not sure)
Will the challenge be won the public consensus at this point is:
32% (Yes), 57% (No), 11% (Not sure)
Today the markets were again volatile mainly due to the continuing spread of the swine flu. The markets are in a sideways motion which could mean heavy presents of a bull market, however on the other hand the quote [B]“sell in May and go away !”[/B] comes to mind so trade equities especially with caution.
I will publish tomorrows position before 11.30 pm GMT today on the main blog.
Again trade with caution. As a result of trading my positions any losses are your actions and responsibility, neither do I expect any commission on any profits you may gain.
Balance:
$49,700
Equity:
$48,982
Return
-0.30%
Current Performance
-1.9%
Outcome:
There was a reduction in overall exposure.
Will the challenge be won the public consensus at this point is:
32% (Yes), 57% (No), 11% (Not sure)
The positions have now been published at the main blog place them at your own risk and I don’t expect any commission on your gains.
Correct me if I’m wrong, which you won’t, cause I’m not. But if you’re looking to double your account in 30 days, then certainly you would want the volatility that the market has been providing. Granted, I don’t really see any unusual volatility that perhaps your seeing, but that’s besides the point.
If by the luck you need that your system did turn profits, I wonder if you’d than be crediting this “swine flu” volatility as opposed to using it as an excuse for undesirable results.
Volatility is Opportunity.
No matter which method you choose to use to trade the market, Volatility provides you the Opportunity for GAIN.
EXPERT
Basics:
Hedging is first about mitigating risk and second making a profit, you so called experts are too big headed or have failed to realise that such news like a “LOOMING PANDEMIC” will cause a demand and supply shock (shifts) “equity guys check out pharma stocks” as a result uncertainty, uncertainty = volatility etc. You may not see the volatility in your little charts but it does not mean its not there. i.e. prices can appear to be flat on the day that does not mean the asset is stable. “Do you even know what I am talking about !”
Furthermore I can easily make a profit by using TA but this is about systematic QA with strict limitations.
What will be of your hedging when the ban is put into effect?
Which so called experts are you referring too? You’re the one that’s toutin’ a website that sells junk signals for a nominal fee every month. If anything, you’re the one presenting yourself with such a level of expertise. Yet what credentials have you brought to the table?
If you’re system can’t handle a flat market, when why trade it during a flat market. “Do you even know what I am talking about !”
And lastly, you can’t easily make a profit. You’ve already demonstrated that and continue to do so.
Will the challenge be won the public consensus at this point is:
31% (Yes), 58% (No), 11% (Not sure)
Have you ever heard of A/B marketing probably not, you sound like a spotty teenager to me that’s got nothing better to do than to bully people off the forum. Lets draw the line stay on your side and I’ll stay on mine and top acting like a b**ch.
The funny thing is you still don’t know what the core purpose of the challenge is if you want to talk about trading technique or economics I am happy to do so if not I ain’t got nothing more to say to you.
Oh! Your meaningful questions
[B]What will be of your hedging when the ban is put into effect?[/B]
- No effect: The system does not hedge the same pair only unique pairs including any other assets like commodities or indices its flexible.
[B]If you’re system can’t handle a flat market, when why trade it during a flat market. “Do you even know what I am talking about !”[/B]
2. Most QA or EA systems have this problem unless specific functions manage such instances my system has been built not to have any subjective opinion only raw facts price at open and price at close and nothing else. So I I am devising a way to manage it.
Agreed. The line is drawn. My side is babypips. Your side is your blog. Go there and stay there.
This is a place for people to help others learn how to trade. Not to take advantage of them by selling them junk signals that have proven to lose money.
The core purpose of this challenge is clear. You’re trying to sell something without any intention of helping anyone on this forum other than yourself. And for that, you get no mercy.
I have not attempted to sell anything to anyone, I have given out my positions freely without obligation to purchase anything at least once a week some trades made money and some not. Like I explained earlier when I started this thread I said I will publish trades relating to the challenge at some point and discuss certain transactions etc. I think you are over policing and who are you to say my signals are junk. You are obviously threatened by me or what I am attempting to do and I don’t know why ! Maybe you just don’t want this challenge to succeed so you can remain the undisputed.
Don’t worry I won’t bruise your ego. chill !