zupcon

Maybe its a part of some massive and elaborate money laundering scheme ? Maybe Mr Charts is the head of some UK based terrorist cell, and the punters handing over cash for "training" are really extremists funding the overthrow of western democracy ? That would make about as much sense as any other reason, actually, a lot more sense if you really do want to see western democracy destroyed How much is he charging ?

Take profit 10 pips Stop loss 90 pips Thats should just about get you a 90% win rate You'll lose money, but you'll have the 90% win rate There are literally thousands of strategies out there with win rates in excess of 90%. Its not difficult to achieve at all

How much do you think a forum owner makes ? How many forums does the average forum owner operate ?

Im not aware of the zoo's owner running any scams. Im not sure about the moderators, I suspect that theres at least one whose up to no good. Moderators, advisors, and tame vendors running scams are just the price the owner pays for staying in business Historically the zoo had a problem, and they probably still do. Its the nature of trading forums. They have a vendor infestation of their own making, and they cant solve it About a year ago for example their new CEO took the decision to stop vendors sending private messages. A couple of weeks after implimentation of this idea I get a series of private messages from TWO of their long standing members, who just happen to be vendors ! So how did that happen ? I though vendors couldnt send PM's I report one of the messages to their new CEO asking him how did this vendor PM me if vendors cant use the PM facility. I get the usual bullshit, it was just a technical fault, how emberrassing etc, etc. A one off problem thats now been rectified. Strange that this particular vendor is an author of their book, has written numerous articles for the site, and has won their annual awards several years running, but that was just a coincidence Im sure. I then alert him to the fact that theres a second long time member and vendor who still despites the zoos attempts to remove the PM facility can also quite amazingly still send me PM's too (again a very active contributor). We go through the same shinnanagins, teh CEO claims that its a million to one chance that I was able to find 2 example, its a technical fault, how emberassing etc etc I then alert him to the third example of a vendor PM, hahahahaha :rofl: meanwhile Im getting PMs from a whole bunch of his favourite vendors who think the whole thing is hillarious. A few months later, I sign up as a new member, declaring the fact that Im a vendor, and guess what, Im immediately able to send PMs to whoever I like from that account. Meanwhile staff and moderators are telling everyone what a great job theyve done by withdrawing the PM facility Are they really that incompetant (no they are not) Theres hardly a day goes by now without a vendor openly asking other vendors (disguised as punters) from sending a PM for more infor about methods, products etc The truth is, vendors are the only reason the site exists, without vendors, there is no forum. When the vendors realise that the punters left 2 years ago and that theyre part of a massive circle jerk attempting to sell crap to themseleves they'll be off too, and then thankfully someone might pull the plug and put them out of their misery Are all trading educators running scams ? well thats a topic for another thread I guess

I know one forum owner who was running a scam, but hes in jail now. I do question the morality of the owners of trading forums, but apart from the one example, I dont know of any who where actually running scams. Most forum owners allow scams, or at least turn a blind eye. Some of the scams are being run by moderators, advisors and staff, but by and large forum owners stay clear of getting their hands dirty, or at least thats my (considerable) experience .... unless you know otherwise ?

Expert Advisor Sample - MQL4 Articles the original example by metaquotes is a good a place to start as any

He makes a perfectly valid point that ignoring costs, or deliberately eroding capital through maximising transaction costs, its equally as difficult to design a losing strategy, as a winning strategy Having said that, it is slightly easier to lose even under those circumstances You could assume a level or risk that increased the probabiity of ruin, and of course, theres the age old problem of requiring a 25% gain to offset a 20% drawdown, 100% gain to offset a 50% drawdown, 400% gain to offset a 75% drawdown which helps enormously Id be fairly confident I could design a system with a larger negative than positive edge

Theres something extremely troubling about that particular sentance Its almost as if your implying that theres a solution to eliminating losing days. I suppose he could stop trading, but other than that I personally wouldnt know what to suggest. I presume that you are referring to stopping the revenge trading, rather than stoping losing days ?

But thankfully, they'd still run their trading rooms and charge a hundred bucks a month, just to give something back to the trading community :rofl:

Almost correct It's not most, it's ALL Do I run a trading room ? Why not ? Exactly

Are you trading one pair at a time, or do you have multiple trades open ? What percentage of capital is risked on each trade. Just trying to get your 25 pips into context I give you a chunk of change to manage at 25 pips a week if the MM stacks up :rofl:

Do you honestly think 20% of traders have a method with positive expectancy ? Are you actually being serious ? I called to see a friend yesterday who's just started trading, and they where reading one of the market wizards books. I had a quick read about this particular "wizard" who shall remain nameless. Hilariously the wizard was describing the size of their edge in terms of strike rate and risk reward. This particular wizard is also a CTA, and the last time I looked, hadn't made a profit in over 3 years With the edge they describe, a chimpanzee could make money at lest every week, and a well disciplined and obedient chimpanzee, probably every day This particular wizard isn't undercapitalized.either Given that their long term track record is pretty abysmal, do you think its a discipline issue, or maybe, just maybe, the edge that they (and every other half witted trading author) describe might just be, how can put this politely.... Absolute bullshit ? Systems with positive expectancy are fairly rare. They do exist, but they aren't the sort of bollox you see being discussed in the public domain based on a few Indicators. There are undoubtedly traders with edges, and some of them even use these crazy indicator based set ups, but the edge isn't in the "system" The least said about money management the better really. I suspect that only 20% of people have ginger hair buy you see them all of the time, but remarkably, you don't see these traders with statistical edges, I wonder where they are all hiding ?

What does consistently profitable mean ?

I quite like it It's got a nice positive confident vibe about it, an indication that they're serious and mean business. The current motto of most leading forums would probably be "we are no worse than anyone else" If they already haven't got a motto they should grab it before the competition does :rofl:

Is there some kind of weird mass suicidal conspiracy occurring where the owners of trading forums have all simultaneously decided to kill off their businesses in the most publicly embarrassing way possible ? For one awful moment there I thought I was reading trade2win :crap: It's going to be tough attaining the levels of deprivation and despair achieved by the competition, but attracting a few more trading vendors should help you catch up

I suspect that Igor's is one of the better rooms out there, despite his brief foray into using labrouche staking, and even then, he had a few interesting perspectives. Igor has given a lot more than he's ever taken from the trading community, and most of his insights, he's given for free. The only reason I'd ever consider running a trading room is to front run subscribers, but then why risk eroding an edge for chump change ? I really would be amazed if you'd been able to find someone capable of following instructions. Having run various businesses for years that required people to do as instructed, I probably met 2 or 3 out of hundreds of thousands who could do as they where told I've certainly never met anyone with the discipline to follow any system, and that includes close friends and family, including a pro poker player who certainly has discipline as the variance in his equity curve is brutal, and he understands the concept of an edge etc, but he still can't follow my method, and the reason why is because he hasn't taken the time to understand why the edge works (and the conditions under which it doesn't work etc) I'm considering buying a pet monkey, just for lulz, but they are a bit messy to keep in the house. If I do persuade my girlfriend that a monkey would be a welcome addition, I'll try to teach it to flip coins, or maybe even get a couple of big buttons labelled buy and sell that the beast can press at random, and I'll let you take a look at the beasts equity curve after a year or so, and you'll tear your hair out with frustration :rofl: Perhaps I might even let him manage an account for you, but there's no way I'm selling his trade calls for a few hundred bucks a month,

What's the point ? You've already admitted that your people can't execute the system you gave them, so why on earth would they be able to follow someone else's ? If they can't follow rules knowing how the system was built, and it's historical edge, how will they blindly follow someone else's calls ? It's not going to work

Would you trade such a system if it experienced significant drawdowns ? I probably wouldn't , even if it averaged 2 points a day I've got a few profitable ideas that I developed and won't trade based on drawdown, or variance in returns. It's not all about profit at any cost.

What a tale of tragedy and woe ! You need to private message Mr Charts, I'm sure he could give you a few tips from the top! although everything you need to be a successful trading vendor is laid out in his thread if you're prepared to put in the work :rofl: You need to get your website back up and running, the one with the oil rig looked quite professional, post a few retrospective trades, toss in the odd loser, and pay your protection money on time, what's not to like ? it's a marketers paradise I'm sure they'd even get a few staff and moderators to give you a decent testimonial for a small bung, a bag of sand seams to be about the going rate. If they want to get rich today, then give it to them, you know how the games played, and even if you don't, copy one of mr spread bettings threads, there's enough of them to choose from. Set up 10 accounts and start to "martingale yourself to financial freedom", one of them's bound to hit the jackpot at some stage, isn't that what everyone else does ? Why not resurrect your old scam of requesting donations to cover development costs ? Crowd funding is all the rage these days, throw up a couple of falsified statements and some hand picked signals and you'll be quids in before you know it I hate to see a vendor so disillusioned and sad, you've been on the scene far to long, it's time you had a bit of luck

Perhaps you could start selling your renamed public domain EA's or 'probability based' indicator again ? The "zupconite" money management staking plan would probably sell quite well too, the punters love that one. Do you still have your website, the one with a picture of the oil rig on it ? You'll need to negotiate pay offs with all of the forums that previously banned you, I'd start with the zoo, they're desperate at the moment and you'd probably get a great deal. They'd probably pay you to spam things are that bad.

Just out of interest, of the 1200 or so trades in the back test what percentage of time is your nice looking equity curve making new equity highs ? (I suspect it's less than 20% of the time) You'd be doing new and losing traders a huge favor by publishing that statistic. Your original post on this thread is probably one of few intelligent things I've ever read on any trading forum in over a decade. If your not already making a fortune trading at this point, it won't be long until you will be. It's a pity there isn't a trading forum where this sort of stuff can be discussed, but perhaps it's just as well, some cats need to be kept in bags or everyone would be doing it

double score = MathSrand(); :rofl: Well it's as likely to be as good as anything else given your dealing with a non stationary time series, and since you've given no details about what you consider to be "better", how could we even begin to guess ? What's important to you? Returns, drawdown, frequency of trades, capital requirements, correlation with other markets etc etc etc. the list is endless, and my idea of a good system, is unlikely to meet your requirements and vice versa. Most traders using automation tend to continually diversify risk across multiple systems anyway, so when in the situation of having 2 profitable strategies, they'd run both. The key point here is just because a strategy performs in a particular way historically really doesn't mean it will continue to do so in the future, you can almost guarantee that it won't, but you can't predict if it'll get better or worse, but it's unlikely to be the same

I use a random entry, but I'd consider myself to be a technical analyst Personally, my belief is that unless technical analysis is based on an evidence based approach, I don't really consider it to be technical analysis at all.

How much are you willing to pay ? It's going to be expensive, although it doubt it exists.

I think there's two ways in which the importance of psychology manifests itself. In the first instance, right at the start of the journey it's psychology that differentiates those prepared to put in the work, from those looking for easy answers. It's the same in sport, people need tenacity and determination to put in the training to differentiate themselves above those with similar levels of natural talent. That's the barrier that stops the significant majority from succeeding If we take sports, then its beyond doubt that psychology can have a major impact on performance, and that's applicable across all levels of skill, from school children to Olympic athletes In my limited experience, I've always found that traders who took the time to develop their own edges, struggled less with psychological issues than those who don't. Having said that I'm concluding this from a very small sample size. It's a bit of a catch 22 situation. ZDO's comment is getting somewhere closer to the truth. However its the" failing in order to learn" bit that causes the practical difficulties To succeed you must improve To improve you must practice To practice you must first learn To learn you must first fail I don't want to get too off topic but most traders of my acquaintance wouldn't know if they where failing or not. They equate failure with a reduction in their account balance, which given the complexity of the task we are undertaking, isn't necessarily the right dependent variable that should be observed. In addition, the RANDOM distribution of gains and losses make the evaluation of failure or success more difficult to gauge A series of trades which looks like WWWWWWW may possibly be just as much of a failure as a series of trades which looks like LLLLLLLLL