Thread: Brainless Trading

Originally Posted by ;

I've been busy playing with a little Firebird and almost forgot to post my upgrade. I'm still not up to $60.00 equity but I am getting close again. At this rate I'm not likely to reach either of my aims within my period frames. Trading through the NFP in the end of the week ought to move me one way or the other with a bit more speed. I took my very first dart board commerce on the CHFJPY pair and made two pips. I would post the chart but I don't have a chart for that pair loaded up with all kinds and types of fairly traces.

I'm going to try and print out results in the end of the day GMT time. All the times on the announcement are GMT.

It was a wonderful day because my holiday card arrived from my broker today. They wanted me all the best in my future trading. It has to be a favorable sign. I hope they send my debit card for this account shortly. I will need it so I can begin spending all the profits I will soon earn.

I see you took my suggestion to adhere to the darts and worked out well for you. I'm glad.

The one thing which puzzles me is your option of pairs. I've traded that pair, but becaue of the fairly large spread (7 pips) only when I really could see the possibility of a huge pip gain. To trade that pair and only get 2 pips out of a trade is dangerous. Have you ever considered trying pairs with spreads of less than 5 pips? It may be easier making pips. As a matter of fact, with cable, and to some extent fiber and USD/JPY, all pairs with small pip spreads, as long as they're not trending carefully, it is actually feasible to randomly take a long or a short position and by carefully tracking and exiting, make 5 to 10 pips almost any time although you may have a problem with the drawdown given the size of your account. Another advantage is the pips of fiber and cable are worth more than CHF/JPY's pips.

Thank you for the comments guys. Running way behind now. Woke up late now.

Nothing happened last week so I threw a couple more EAs at the account. I'm currently in trouble after a hour. One of my Phoenix EAs bought 3 micro lots of EURJPY at my broker's available now. Down $5.00. At this rate I will be done in about 600 more minutes. It's shut down till I find my code mistake. I switched versions of Firebird this week. Additionally turned up the risk on a few different EAs. I'm attempting to figure out how Brainwashing 1C works at the present time. Because this thread's name and the EA's name both have the term brain in it - A indiion of fortune? Any way that the report below is where I'm starting week two.
https://forexintuitive.com/attachmen...2302221723.pdf

Is this thread a joke? To think you can be consistantly profitable in FX without investing any of your own energy or thought is completely ludacris. I never liked these kind of threads, there is always the possibility some poor newbie will encounter upon it and believe FX is a piece of cake.

Originally Posted by ;

Is this thread a joke? To think you can be consistantly profitable in forex without investing some of your energy or thought is completely ludacris. I never liked these kind of threads, there is always the possibility some poor newbie will encounter upon it and think forex is a piece of cake.

I am investing in a live account. I am not actually trying to lose. The transactions I am posting are real. So I do not feel it's a complete joke. I am trading this account using a sense of humor. You'd probably mess your entire day if you were too severe once you exchange an account with $60.00 in it. I do understand that trying to see how many transactions my EAs can place within an hour might qualify my trading approach here as dumb.

Just about everyone believes you can't make money following signs, using bots, or merely putting a trade randomly with a unique SL and TP. I probably can't either but I am going to try. Can you think of a better utilization of $60.00? Well you can. However, this is what I am going to do with the price of a dinner or a jar of wine. I have seen a few other articles on the forum about trading that don't demone too much brains either. I tagged this thread appropriately. Would I trade among my other accounts this same way? No. I do actually use among those EAs from this account on a couple of my other accounts.

As for somebody thinking forex is a piece of cake - My equilibrium in the coming days or hours may very well prove that wrong. My equilibrium is down 10 percent and decreasing on my inadequate EURJPY purchase today.

I am sorry I didnt see every post here, but if you are trading at as large as one dollar a pip using a 60 dollar account, then simply plain randomness is going to knock you out. Another situation is death by small stoplosses.

It is wise to start an account at which you are able to exchange as much as 10 cents a pip. (That is if they accept your 60 to start up an account)

The reason why I state this, is it would be a terrific challenge to grow your account and you could place a decent stoploss. . 200 or of 100 points in 10 cents. Now of course if you were totally wrong about leadership there would be a issue, but not an account closure issue. So in order to avoid that, look carefully in the fundamental strength and price history of this pair you choose.

When the fundamentals are strong and you also trade in their favor with a broad stop loss to take care of random noise, then the fundamental strength will pull your trade in the direction that you need to go.

Just my ten cents a pip worth.

Originally Posted by ;

I am sorry I didnt see every post here, but if you are trading at as high as one dollar a pip with a 60 dollar account, then simply plain randomness will knock you out. Another scenario is death by many hit small stoplosses.

It is wise to start an account at which you can trade as much as 10 cents a pip. (That's if they take your 60 to start up an account)

The reason I say this, is it could be a great challenge to grow your account and you could place an adequate stoploss. . 200 or of 100 points at 10 cents. Now of course if you're totally wrong about direction there could be a issue, but maybe not an account closing issue. Thus in order to prevent that, look carefully at the fundamental strength and price history of this pair you pick.

When the fundamentals are strong and you trade in their favor with a wide stop loss to look after random noise, then the fundamental strength will pull your commerce in the direction you want to go.

Just my ten cents a pip worth.

Lou

Thanks, You're correct. If I had been entering manual trades with a proper stoploss and cash management micro lots would hardly be small enough. Really I am trading multiple mini-micro lots at 1 cent per pip. My main concerns are if my EAs place all the trades in 1 direction or like now when an EA puts a commerce 10 times more than I expected.

One down four to go this week. I will confess I cheated on two trades. I took a few trades that required viewing the charts. It was simply too tempting to pick up a simple 80 pips enjoying the Sunday candles. The force was with me. Thanks to Jedi Orange!

I am still working on obtaining the EAs edued up. I just ended up with a single PipBoxer and yet another Flyer commerce not opening as anticipated. I canceled among those Phoenix EAs for today. Hard to tell on the Fozzy. I am might also be battling the chart and EA limit on this platform. I am not sure what it is but I will see the platform is becoming slow since the load increases. It's not a memory problem I still have 30% of my 1.5 gig free. One of these days I will get the right combination and get them to all play in the sandbox together. I am hoping the USDJPY goes down since I have three market trades available and hope 1 or two more. Phoenix enjoys this pair. Also while I am hoping and wishing it'd be nice if the EURUSD dropped 125 pips as opposed to climbed 160 pips. This could clear 4 trades.

Total for your first day of the week:
15 Trades closed
11 Trades open
144 Pips from closed trades - includes the 80 pips that I needed to believe to get.
$59.50 Equity
https://forexintuitive.com/attachmen...1088763693.pdf

Happy Holidays! It is the time of this year to attend Christmas parties each evening. I must have time this weekend to upgrade and adjust my small project. My EAs appear to be on a run of bad fortune and insist on placing a lot of their orders in a correlated fashion. This is not promising. Interest is down to $47.00. On a properly traded account I must stop and re-access things. This is not an account. This account will live or die with it is EAs running. So full speed forward. While I reach $25.00 I'll change my goal for $25.00 to $2500.00 within 25 months.

An image must illue the current position. As Fats Domino and later Sir Paul stated Ain't that a shame.

Good Ribbon. I think you're going to receive a lot more entertainment out of that $60 than you would have if you'd simply dismissed it on a night out. Can't wait to see how it ends up.

Originally Posted by ;

Good thread. I think you're likely to receive a lot more amusement out of the $60 than you would have if you'd simply blown it on a night out. Can't wait to see how it ends up.

Glad you found it funny. I cried for a week after I dropped my money. Just kidding.

Well there could have been updates if it had worked out consistently or at all. My last post was more than a year ago. I was sort of hoping the thread could stay buried. Thanks a lot for digging it out of retirement! I'd have a lot of fun on this account. I began the thread as a joke at all. A joke however, the kind you hope may work out. Well it did not. The account went down to approximately zero by March. After shuffling over a second 60 dollars I tried another experiment . however, it dropped quicker so I quit once I got down to about 10 dollars. In the end of July last year I decided to use the account to start analyzing the PipBoxer EAs. I am still using it for this purpose. Over 500 transactions so far. The chart below shows my effort to go from 10 dollars to 100. Perhaps by 2009 if I am blessed.

From the first experiment I learned I am not a good enough trader to randomly pick a few long and short trades on 4 arbitrary pairs and attempt to make money utilizing just money management with appropriate SL and TP. I also had very poor luck taking arbitrary trade suggestions from some other threads in the forum. So far as EAs went should have never included the firebird EA. I still don't know how New Digital on TSD is favorable with the same EA in his tests. A number of the other EAs made a small profit. The sign service transactions were marginally positive as well.

I really need to try out something similar this summer with another 50 or 100 bucks. I simply won't discuss until I am successful. Which means probably never.