100% Profits With Fantastic Four (00, 20, 50, 80)

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Snoopy1234
Posts: 9
Joined: Fri Dec 23, 2011 3:47 pm

100% Profits With Fantastic Four (00, 20, 50, 80)

Post by Snoopy1234 »

100% Profits With Fantastic Four (00, 20, 50, 80)
I want to share this new strategy which gives me 100% profits.

It's simple and I don't need to look at the chart as often as possible. Without looking at the chart, I can keep working, doing hobbies and spending time with family. I also can benefit from trading with this strategy.

Rules for this strategy :
1. Open the chart in the morning or afternoon (before work)
2. Look at the solid and dashed horizontal lines at price ending in 00, 20, 50, 80
3. Place 4 Pending Orders (Sell Limit) above the magenta line, at the price ending in 00, 20, 50, 80 and each take profit 10 pips
4. Place 4 Pending Orders (Buy Limit) under the magenta line, at the price ending in 00, 20, 50, 80 and each take profit 10 pips
5. Close the chart and enjoy your day without look at the chart
6. In the night, open the chart again and look at the profits
7. Close or modify your pending orders that weren't touched
8. Repeat these steps tomorrow

Place the trades before London opens. Close The trades before Tokyo opens.

It runs on Timframe H1 or H4. It works on every major and most minor currency pair.

I have only these Files in the attachment and the only sourcecode is the newest Indicator Version. This works only on 4 Digit accounts. The Fantastic21.ex4 works on 5 digit as well as on 4 digit. But from this one i havent the source.

The files are not written by myself. So i cannot decompile it. If anybody is here that can do from this manual strategy an ea that works fine on 4 digit and 5 digit accounts, with magic number and pending trade closing time, it wil be great.

I am working with this strategy since a few weeks. The original finder works with it since a few month and it will be really great.

I am using it on a 5 digit real account and it works perfectly. But i must hack many trades every morning in my terminal (thats not great :cry: ).

The example picture for better understanding of that strategy i will put on here:

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garyfritz

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by garyfritz »

So if I understand you right, if the current price is X, you place a sell limit at X + Y, TP at X + Y - 10 pips, and you repeat that at 4 buy and 4 sell levels on either side of the price?

If so, that might work nicely a lot of the time. But what happens if the market moves sharply in one direction AND NEVER COMES BACK ??

Imagine you had been trading this strategy on EURCHF on 9 September 2011. At 07:30 GMT the price was at about 1.1190, so you would have had sell signals at 1.1200, 1.1220, 1.1250, and 1.1280. Then Switzerland announced they were pegging the Franc to the Euro. EURCHF shot up to about 1.2000 without ANY retracements, and it has NEVER come down since. Within seconds you were down 3000 pips, and you would STILL be down 3000 pips today.

Now granted that is a very unusual situation. But IT HAPPENED. It could have happened to you if you were trading this strategy then. More likely you could have smaller disasters happen that could still kill you. E.g. USDJPY jumped 200 pips without any retracement on 30 Oct 2011 and has not yet returned to that level.

Trading a system like this is like picking up pennies off the train tracks. You make lots of little profits until WHAM!! The train flattens you. That is a BAD risk/reward scenario.
Snoopy1234
Posts: 9
Joined: Fri Dec 23, 2011 3:47 pm

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by Snoopy1234 »

Yes you are absolutely right. But you say...this is a BAD risk/reward scenario.
I trade manually only the major pairs. The eurchf is dead most of the time. With this strategy you cant trade it yet. Of course can it be that many influences we cannot affect there can be a problem with trading.

I have backtested this strategy by eye 3 years in the major pairs, like eursud and gbpusd and it works very good. What anybody can do is to make a stop loss at 200 pips per trade.

But it trade not some x position i trade the magic 4 number were mostly are in the overbought and oversold sections are the retracements.

Look at the magenta line. This is the overbought and oversold condition +75 pips and you place there on the magic number 4 trades with a total distance of further 100 pips. So believe me...you make money with this strategy. Its not my goal to make the account bigger and bigger., my goal is to withdraw money every week or month. So might it happen, that the account will blow in a few month or years, it will not interest me. The point is, can anybody make this strategy in an ea?
garyfritz

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by garyfritz »

So believe me...you make money with this strategy.
Yes, and you make money picking pennies off the train tracks too. Until the train comes.

Trading majors is no guarantee. Any pair can do this, just like USDJPY did.

If you keep the account small and don't care if it blows out, then you're probably OK. Assuming your crim instantly closes the trades when your account goes to zero, that's effectively a worst-case stoploss. (But in cases like the EURCHF spike, it's VERY unlikely the crim or a stop could have exited your position at your desired price. Your account probably would have gone negative by some amount, possibly a lot.)

How much do you expect to make with this strategy per month? What % gain, assuming the train doesn't come?

There should be no problem turning this into an EA, but I'm not the EA guy. You'll have to see if Steve or someone else gets interested in it. I might backtest it on Tradestation to see how it works.
Snoopy1234
Posts: 9
Joined: Fri Dec 23, 2011 3:47 pm

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by Snoopy1234 »

How much do you expect to make with this strategy per month? What % gain, assuming the train doesn't come?
On manually i did for two weeks 50% so it might be a question what the market does. You do not have every day trades. Sometimes only onetime in a week but then it goes up. Its no problem to make 100% or more a month. I tested with a small account and 0,1 lot. There was a max DD of 16% and closing times of the trades of max. 24 hours.

What do you not see is that the trades will be opened in the morning and closes in the evening. So max. 1 or 2 trades are open. And if any Federal Bank will do to manipulate the currency so, there you ever have a problem, also with manually trading. You can set a SL if you feel better. No one must use this strategy if he not want. Every trader has his own strategy. I am trading since 2007 and this strategy works.

So for me it will be nice not only to have here an EA. It will be nice when all of the scripts i have uploaded are running in 5 digit.

Placing the trades wit @Fanastic works only on 4 digit. So there i would be happy that anbody can decompile it and i can manipulate the file that it works or anybody other can do that.
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mobthehop
Trader
Posts: 362
Joined: Wed Nov 16, 2011 12:16 am

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by mobthehop »

Snoopy, with the help of Google.... There seem to be an order EA available here

http://indo.mt5.com/showthread.php?1147 ... ost1748566

Will study this more but for time being suggest you read more about TMA Slope true and incorporate this as directional help in your manual efforts....

Mop
Snoopy1234
Posts: 9
Joined: Fri Dec 23, 2011 3:47 pm

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by Snoopy1234 »

mobthehop wrote:Snoopy, with the help of Google.... There seem to be an order EA available here

http://indo.mt5.com/showthread.php?1147 ... ost1748566

Will study this more but for time being suggest you read more about TMA Slope true and incorporate this as directional help in your manual efforts....

Mop

Hey thank you very much. Thats great. It works fine with 4 and 5 digit.
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niepce
Trader
Posts: 152
Joined: Wed Jul 04, 2012 11:00 pm
Location: Grenoble, France

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by niepce »

Strategy sure looks interesting (by its simplicity - i love simple systems).
However one can not live with a 200p SL with a 10p TP. RR of 1:20 is just too much.

However with a SL of 30pips, this needs to be considered. 30 pips being the max distance between two of the fantastic fours, that sounds a natural SL to me.

Need to forward test with this value.

OP, tell me what you think, since you eyeballed backtest a lot on this, would this be profitable ?

If there really is, say a 95% winrate, without too much consecutive loss, a martingale would even be considered here.
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Wiggy1965
Trader
Posts: 326
Joined: Fri Jan 04, 2013 11:58 am
Location: Melbourne - Australia

Re: 100% Profits With Fantastic Four (00, 20, 50, 80)

Post by Wiggy1965 »

Is anybody trading this...?
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