i really like your indi and especially that it's 'in-house' here at Steve's. As a posiible EA to this Indi of yours i'd like to throw the following in the mix.
In my youth, a few months ago when forex was in it's infancy with me,
, i lear'nt that EVERYTHING was based or measured and most importantly, FOLLOWED the US Index price. I.E everything lagged behind the movement of the index. A nice general assumption that has it's faults but can be a good gauge as to where we're going in the market. Positives are like watching the USindex, and when it dips, you buy the EURUSD, and opp. i actually started trading like this manually and did well, until i got greedy and lazy. Now i prefer to hangout here rather than try be a cowboy millionaire in one shot. I think we can all get there slowly and even have a great deal of fun here at the same time, but slowly, very slowly.I also recently remember reading in Scoob's thread (the houdini one i think or on FF, cant remember), that he had pondered over an EA that would be all-assuming across the board of available pairs and would gauge itself from the US index. My understanding of this possible EA was that positions would be taken based only on movement from the index, similar to my initial style of watching the index, but trading the eurusd. It did'nt matter what the eurusd was doing, so long as the index was moving correctly, i think you understand that.
The negative is that not all the pairs play game to this and when you try this with the metals, especially gold. Although gold does have an association with the EURO, it sometimes seperates from the Euro and as many believe, including me, will eventually follow the us index in the future. right now, gold comes and go's by 'other' forces.
This leads me to what you said before;
We all except now that we can never, ever only have wins, unlike the alchemists of the 1600's or the comment from rob2360;BTW I should point out that while I was working with this, simulating a system with 50% wins, I saw one case where I got TWENTY-ONE CONSECUTIVE LOSSES. That's a freakishly uncommon result, a chance of 1 in 2 million, but it's the kind if thing that CAN happen. That's the kind of event that can kill you, no matter how well-capitalized you think you are for Martingale blowups.
well Rob , Gary, we going to hit the skids at some stage, but now in the 2000's we all know to spread our positions and keep a decent portfolio to avoid the dead lead,....... or crashed euro..... or us index for example. This indicator of yours could be invaluable if we can get it to do something like spreading the risk and accepting a few knocks but also taking a few points along the way too. non-martingale i'm sure, but further than that, i can't suggest, thats up to you how you see the best way.dodge-the-bullet and get the "big one" now and again
i myself am looking for several EA's to basket my positions. spreading the risk. I absolutely love Scoob's initial EA and really miss the guy and i dont even know him. I am equally thrilled at DC's version for other reasons, even though the EA's are very similar. I'm having an absolute blast here and am seriously intimidated by the brains here, including you! Mathematicians scare me, hahahaha, but where would we be with out Matt, SQ, and good ol Steve to mention just a few. I'm learning a great deal from you all and hope i dont step on anyone's toes along the way.
Thanks for all your time and valuable input, i myself am trully thank full that you share your time and thoughts with us.
kind regards
cuzgeorge
