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Forex Version XV, Foreign Exchange Market Discussion
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gxthelord
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 Jun 23 2015, 06:30 PM
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Most forex robot are risky and useless due to most of them are using martingale system. What do you guys think? I think they are mostly scam and just selling their so called robot to naïve consumers.
For those who don't understand.
-A Martingale System is a method of gambling where you double your bet each time you lose. Many EAs and some other forex trading systems use this method.
Imagine that you bet 1 dollar on a coin coming up heads. If you lose, you bet 2 dollars the next time. If you lose again, you bet 4 dollars. If you win that time, you win 4 dollars and have lost 3 dollars, so you come out 1 dollar ahead.-
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gxthelord
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Jun 23 2015, 06:42 PM
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QUOTE(Zanmai0146 @ Jun 23 2015, 06:32 PM) so u joined those forex? or you got scammed too? nope just food for thought. ^__^ currently exploring trading methods in forex. ^^ I don't think forex is a scam rather the so called brokers, and ridiculous people that turn it into some mlm platform that caused forex to have a bad name. |
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gxthelord
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Jun 23 2015, 11:13 PM
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QUOTE(carrer @ Jun 23 2015, 08:30 PM) A robot which is based on martingale strategy is very risky. There are profitable robots, but people will not sell them. I have created many robots too, but so far, I have only one which is genuinely profitable, but nothing beats manual trading, so I still manually trade. By the way, robot results can be easily manipulated by curve fittings. whoa nice~!  wonder what u mean by curve fittings? still learning here ^^ |
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gxthelord
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Jun 24 2015, 12:09 PM
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QUOTE(carrer @ Jun 24 2015, 12:28 AM) For example you have a MA crossover system. 50-200 EMA crossover. You try it on EURUSD from 2013-2014, and it is not profitable. You will then optimise (find the best combination) on that period and let's say you found that 59-189 EMA crossover to be profitable. This is called curve fitting, because when you use it on 2013-2014, it's profitable, but there is no certainty that it will work in 2015. Ohh thanks. everyday we learn something new. ^^ what type of signal entries u guys use? Currently testing the Heiken and ichimoku. |
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gxthelord
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Jun 24 2015, 12:12 PM
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QUOTE(KeroroQ @ Jun 24 2015, 02:00 AM) EA or Expert advisers are just tools to help you make decisions, I've seen very profitable ones with Hybrid usage (semi auto) But take note, you have created a system that is fkin profitable, will you sell it to consumers or find investors to fund your project  Sadly most that sell their EA are just scammers. There are profitable ones that are free too. On forexfactory have a lot  |
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gxthelord
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Jun 24 2015, 12:14 PM
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QUOTE(Zanmai0146 @ Jun 24 2015, 12:53 AM) Why use robot? Trade manually even better. Just let it auto TP.. That's more than enough. Best feeling ever when woke up saw all TP  haha true trade with a peace of mind. |
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gxthelord
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Jun 25 2015, 12:14 AM
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anyone trading GU Pair? Have a beautiful trend today. |
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gxthelord
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Jun 25 2015, 02:24 AM
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QUOTE(KeroroQ @ Jun 25 2015, 01:36 AM)  Legendary duck pattern formed once in 22 months, flying trend for 22 days, gives you 2222 pips, this one is beautiful Wow nice! really legendary, first time I see it dis and the caterpillar chart. ^^ |
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gxthelord
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Jun 25 2015, 10:55 AM
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QUOTE(Wrigley's @ Jun 25 2015, 09:55 AM) Hi everyone, Recently I wanna start doing some FX trading but I don't know which broker is better to trade with. I have done some research on the brokers and I narrow my options down to these three. Could anyone who has traded with them (or currently trading with them) give me some suggestions/reviews about these three brokers? THX Which 3? |
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gxthelord
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Jun 25 2015, 11:10 AM
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QUOTE(jay_y @ Jun 25 2015, 11:00 AM) Guys.. I have a question... Do you guys normally place a stop-loss on all your trades? Cheers definitely. |
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gxthelord
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Jun 25 2015, 01:15 PM
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QUOTE(Lucas0323 @ Jun 25 2015, 12:50 PM) Which means if you did not calculate based on profit, 20pips for you is not much right? Cuz for me I do feel 20pips is not so much... 20pips for what? On daily basis most currency can easily Swing 20pips either way IMHO. |
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gxthelord
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Jun 25 2015, 01:17 PM
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QUOTE(KeroroQ @ Jun 25 2015, 01:10 PM) RUN, there's nothing as PROMISED 100% return, banks promise you 3% per year, if an investment PROMISED you something, it's a scam, investments involves RISK, nothing is 100% Agree with this. |
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gxthelord
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Jun 25 2015, 02:45 PM
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Zanmai0146hey wonder you have any script that can open multiple order with single click? eg entering 3 buy position simultaneously at 1.xxxx? Tried looking around forexfactory mostly not updated and not working. 
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gxthelord
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Jun 25 2015, 02:56 PM
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QUOTE(Zanmai0146 @ Jun 25 2015, 02:47 PM) Why so hard looking for script? Just use the Pending Position. Unless u wan market execution. Problem solved. true too~~ was using manually to set TP/SL enter and quit position but sometimes when doing that will take some time and miss some positions. That's why was looking into faster execution. Pending Order seems another alternative. |
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gxthelord
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Jun 25 2015, 03:02 PM
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QUOTE(Zanmai0146 @ Jun 25 2015, 02:58 PM) Or u take 5 device and ask 5 ppl to help u enter the positions. Sure can get the same price haha make 10 people more faster xD i'll try pending order and see. ^^ Seems like this thread not as active as previous anymore d |
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gxthelord
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Jun 29 2015, 09:49 AM
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QUOTE(Zanmai0146 @ Jun 29 2015, 07:10 AM) 100pips only la. Hopefully keep going down... Anything happened that caused the big price gap between today and last Friday? Was quite shock to see the gap today. |
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gxthelord
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Jun 29 2015, 09:53 AM
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QUOTE(Zanmai0146 @ Jun 29 2015, 09:50 AM) Greece drama lo. Last week projected plan rejected ma. So drop Ohhh no wonder.. haha I'm slow in this type of news. |
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gxthelord
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Jun 29 2015, 10:04 AM
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QUOTE(Zanmai0146 @ Jun 29 2015, 09:55 AM) Go download myfxbook for your smartphone. Can read the news whenever you are bored. I always did that during toilet session Haha nice thanks bro. Usually I read at Forex factory. This seems niCE |
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