Comments on: Kaizen Kamikazi http://BestForexEA.com/2009/07/kaizen-kamikazi/ Searching for The Best Forex EA Around Sat, 05 May 2012 00:33:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Casey http://BestForexEA.com/2009/07/kaizen-kamikazi/comment-page-1/#comment-1018 Casey Mon, 20 Jul 2009 06:10:07 +0000 http://BestForexEA.com/?p=967#comment-1018 @Raanan... I feel for you. I totally understand what you have been going through. This was probably your first 'love loss' with Martingale system.... For me, I have already broke my 'virginity' with Martingale a long time ago with roulette. I knew the risk and I new the odds. But that was on a different chapter. So, for me there is no 'lost love' with my losses from Martingale with Cyborg. I got over it pretty quickly and moved on... I knew what I was getting into but like the goddess Aphrodite, my love affair with Martingale will and probably will continue... for fun and laughter, peace and joy, and whatever that comes with the word that begins with s and end with x. It will not last forever.... profit wise. One of the reason why I believe reverse scalping could and should work... from small profits with big losses to small losses with big profits. Ideally that is... I am in the midst of trying to either prove this wrong or prove this right. @Raanan… I feel for you. I totally understand what you have been going through. This was probably your first ‘love loss’ with Martingale system….

For me, I have already broke my ‘virginity’ with Martingale a long time ago with roulette. I knew the risk and I new the odds. But that was on a different chapter.

So, for me there is no ‘lost love’ with my losses from Martingale with Cyborg. I got over it pretty quickly and moved on…

I knew what I was getting into but like the goddess Aphrodite, my love affair with Martingale will and probably will continue… for fun and laughter, peace and joy, and whatever that comes with the word that begins with s and end with x.

It will not last forever…. profit wise.

One of the reason why I believe reverse scalping could and should work… from small profits with big losses to small losses with big profits. Ideally that is… I am in the midst of trying to either prove this wrong or prove this right.

]]> By: Raanan http://BestForexEA.com/2009/07/kaizen-kamikazi/comment-page-1/#comment-1010 Raanan Sun, 19 Jul 2009 12:41:55 +0000 http://BestForexEA.com/?p=967#comment-1010 Hey Casey, still wiping tears from my face after the being caught with Cyborg, and that on my first day I entered it, swearing again not to touch martingale or similar systems. And what have I done? I was blinded by the nice 7 month profit curve. So I entered a 30:580 ratio chance game - and lost on the first throw of the dice... Kaizen... Say: arent we getting too enthusiastic when we see a "new" system? arent we falling in love actually? do we get blinf each and every time when we see that nice curve going up from left to right? So we say it is summer volatility when we loose once, August vacation when we loose again etc etc.. and we just see our best hard earn money go out of our hands. A good system shall be profitable every week, all the time. It is no sense that you win 7 month in a row - to give it away in two bloody days. We respect ourselves better. At least I do. So yes - you can have a drawdown while trading, probably can't be without. But at the end of the week or month - YOU MUST BE PROFITABLE. even if it is only 2-3 %.That is also great. more then most bank will give you. and that must be maintained with confidence week after week. KAIZEN is right. Once you enter a trade - you know only afterward at the end - if you were right or wrong in the beginning. I also trade ForexPipBank. Last trades of the previous week were great. As usual. But then - the system opened 2 trades on GBPUSD. both went soon to SL. Weeks and weeks of successfull trades with this expert went down the drain. But luckily - this EA doesnt try to recover like crazy by triplicating the risk. it just reduce the next trades size, Money Management.. and continue as nothing happens. So this week was a disaster. What more can happen? Oh yes, I have two more EA - let them do the final cut on my account.... So all I miss probably is a Kaizen strategy. Then I will know for sure I did everything I can and everything in my power to loose all my money.. Now Really - how can we tell that an EA is really good or X? Nowhere I see clear rules to qualify as such. We all behave like stupid kids - see a nice backtest, purchase the EA, discover one more scam, go to the next one, and never learn. We must create a set of RULES: 1.backtest is fun to play with 2. Forward test on Demo account with DEFAULTS settings. or creator recommended parameters/tuning 3. Forward run with microlots. 4. Strategy MUST be disclosed. Hidded strategies means SCAM. 5. Rules when to trade. Is it sensitive to News? days? Hour -specific? Specific Instruments? 6. Automatic Shutdown in case of runaway. Account protection. 7. Variability: SL, TP /TSL etc - by nature cant be fixed. Market has its ways: Up, Down, Sideway, noisy etc.. Each behaviour require specific trading limits and settings. an EA without - should be disqualified. and so on.. I just suggest to start a thread with rules to distinguish between scam and good EA's/ Without real evaluation tools - we cant say if an EA is good or bad. That is said as well for Kaizen. Lets be smart - make our rules. We will save our money. We will force EA developpers to adhere to better coding. We would be able to check what we get. We may be eventually profitable. I broke last week on of my basic rules: Dont trade martingale systems. The fee was expensive, painfull, immediate. Raanan Hey Casey, still wiping tears from my face after the being caught with Cyborg, and that on my first day I entered it, swearing again not to touch martingale or similar systems. And what have I done? I was blinded by the nice 7 month profit curve. So I entered a 30:580 ratio chance game – and lost on the first throw of the dice…
Kaizen… Say: arent we getting too enthusiastic when we see a “new” system? arent we falling in love actually? do we get blinf each and every time when we see that nice curve going up from left to right?
So we say it is summer volatility when we loose once, August vacation when we loose again etc etc.. and we just see our best hard earn money go out of our hands.
A good system shall be profitable every week, all the time.
It is no sense that you win 7 month in a row – to give it away in two bloody days. We respect ourselves better. At least I do. So yes – you can have a drawdown while trading, probably can’t be without. But at the end of the week or month – YOU MUST BE PROFITABLE. even if it is only 2-3 %.That is also great. more then most bank will give you. and that must be maintained with confidence week after week. KAIZEN is right. Once you enter a trade – you know only afterward at the end – if you were right or wrong in the beginning. I also trade ForexPipBank. Last trades of the previous week were great. As usual. But then – the system opened 2 trades on GBPUSD. both went soon to SL.
Weeks and weeks of successfull trades with this expert went down the drain. But luckily – this EA doesnt try to recover like crazy by triplicating the risk. it just reduce the next trades size, Money Management.. and continue as nothing happens. So this week was a disaster. What more can happen? Oh yes, I have two more EA – let them do the final cut on my account….
So all I miss probably is a Kaizen strategy. Then I will know for sure I did everything I can and everything in my power to loose all my money..

Now Really – how can we tell that an EA is really good or X?
Nowhere I see clear rules to qualify as such. We all behave like stupid kids – see a nice backtest, purchase the EA, discover one more scam, go to the next one, and never learn.

We must create a set of RULES:
1.backtest is fun to play with
2. Forward test on Demo account with DEFAULTS settings. or creator recommended parameters/tuning
3. Forward run with microlots.
4. Strategy MUST be disclosed. Hidded strategies means SCAM.
5. Rules when to trade. Is it sensitive to News? days? Hour -specific? Specific Instruments?
6. Automatic Shutdown in case of runaway. Account protection.
7. Variability: SL, TP /TSL etc – by nature cant be fixed. Market has its ways: Up, Down, Sideway, noisy etc..
Each behaviour require specific trading limits and settings. an EA without – should be disqualified.

and so on..
I just suggest to start a thread with rules to distinguish between scam and good EA’s/
Without real evaluation tools – we cant say if an EA is good or bad.
That is said as well for Kaizen.
Lets be smart – make our rules. We will save our money. We will force EA developpers to adhere to better coding.
We would be able to check what we get.
We may be eventually profitable.

I broke last week on of my basic rules: Dont trade martingale systems. The fee was expensive, painfull, immediate.

Raanan

]]> By: Casey http://BestForexEA.com/2009/07/kaizen-kamikazi/comment-page-1/#comment-976 Casey Tue, 14 Jul 2009 01:25:25 +0000 http://BestForexEA.com/?p=967#comment-976 @onur... for fun and laughter my friend... fun and laughter... @onur… for fun and laughter my friend… fun and laughter…

]]> By: onur http://BestForexEA.com/2009/07/kaizen-kamikazi/comment-page-1/#comment-876 onur Fri, 10 Jul 2009 14:08:18 +0000 http://BestForexEA.com/?p=967#comment-876 my dear old friend, its just to much promotion for another crap...you waste your time ;-) my dear old friend, its just to much promotion for another crap…you waste your time ;-)

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