Trade-Vantage.com

gibbon

Recruit
Messages
8
Thank you very much Big T1, You've inspired me. Perhaps i'm not wasting my time. I do find the 2:1 reward to risk a bit confusing, although i've heard it many times before and it certainly makes sense, it also assumes you know where price is going to go which i've also learned is a false understanding. There is the purely mathmatical approach ( not that i'm a mathamatician) that would assume you should win twice as often on a 1 to 1 as you would with a 1 to 2. Ie by hanging on to a trade twice as long you give it twice as many chances to come back and remove your stop. Although rightly or wrongly i do trade this way as i rely on the trade reaching one side of a channel although i'm not sure i can honestly say it will get there.

By the way, how do you feel tradevantage is doing. Personally, on your own figures (although it's early days yet) i feel like i want to buy it again and get another 30 days to return it. I know it sounds silly but i am truly fascinated by neural networks and it would inspire me to learn more about them. It is not purely for money making but another challenge on my understanding of them. you clearly have a deep mistrust of Dustin and i don't have much to say on this as it is the first product i've bought from him. I have met worse. I bought tradeforge from Jason Fielder and although i already knew i didn't particularly like him. This was one of the products that didn't promise any wealth (hence no lies). it was a chance to build your own system and try things out. For me it was a chance to see how indicators would work together in automation. Possibly a good learning tool, the program was buggy, the programmer (Kevin) disapeared for long terms (I presume to sell Jasons next big thing), and now i find myself unable to join the website because of some unknown problem and they have given me temporary access to cloud control which i have no interest in whatsoever. It wont end here but it does piss me off. Not because the program is so good but the idea behind it i think is brilliant ( if they could make it function properly, That is).

Anyway, thanks for your support, it is appreciated, I suppose you could say i'm not that confident and it does help if someone who knows more than i do suggests that i may have some things right... Dave
 

BigT1

Sergeant Major
Messages
951
Thank you very much Big T1, You've inspired me. Perhaps i'm not wasting my time. I do find the 2:1 reward to risk a bit confusing, although i've heard it many times before and it certainly makes sense . . . Dave
.
Next in understanding "What do to Next" is to recognize your absolute need to get into a "Free Trade", as soon as possible.
Do this by:
1 - Divide your original entry trade into two trades, each half the size of you intended trade.
2 - Set a TP to Exit the first half at your TP of 2:1 (originally set to 2*SL) or better, as your system dictates.
3 - If and when your 1st-Half trade is exited at TP, move your SL on the remainding half to Breakeven+1.0 Pip.
Use the Alert function in MT4. Set it to inform you of when your 1st half trade has reached the 1st half exit point, to signal you when it is time to move up your SL on the remaining half.
.
You have now booked a profit on the 1st half, and cannot lose money on Part-II of the trade.
Next, set a Trailing Stop = the distance between your original TP and your Entry Price, and set a TP exactly at the next overhead horizontal, firmly opposing diagonal resistance, or a convenient fib or pivot level, as your system would dictate. Let the second half trade exit at that level, even if it looks like it will break through the resistance level.
You will then have one of 2 results:
1- You will Stop-Out on Prt-II with resulting winning > 1:1 but < 2:1 R/R on the whole position, or
2- You will exceed your original 2:1 R/R when PART-II closes at a greater profit on a TP or a trail that exeeded your original TP for the 1st half trade.
.
Either way, you results are ++. :)
Over time, you will surely exceed 1:1, if your entry system has better than a 50-50 win rate; and you will still make some money even with a 40% win rate.
.
Tony
.
PS: Before you hand over a Grand or two to Herr Dustin once again; I insist you buy a good book on Neural Networks and read it; and perhaps subscribe to a good magazine like Technical Analysis of Stocks and Commodities. Their articles archive covers NNs in detail.
 
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gibbon

Recruit
Messages
8
Very good Big T1, regarding your testing of trade vantage, that is. Very detailed and i have been following it regularly, so your time has not been wasted. I was feeling quite impressed with it during the first month. But i will heed your advice. With a second month so bad the law of averages, as you suggest, would make trade vantage no better than a toss of a coin.
I believe the third month test would be wasted to be honest as even a good result will not be conclusive considering the way tradevantage has gone so far. But i will be glued to any other tests you do on other software in the future.

All the best to you. And no, dustin will not be getting any more of my money.

Bye for now ... Dave
 

BigT1

Sergeant Major
Messages
951
Final Results are posted for TradeVantage by Dustin Pass. See post# 52 for details and full documentation via attachments.
Anthony Ingrassia, CTA
NFA ID#: 0278164
 

ForexVerified

Private, 1st Class
Messages
582
Good job, Big T. It was a big commitment for you to follow through with this but we're glad you did. Thank you for your dedication!

Scott
 

BigT1

Sergeant Major
Messages
951
Good job, Big T. It was a big commitment for you to follow through with this but we're glad you did. Thank you for your dedication!

Scott

Coming from you Scott, who through your website tries hard to do a honorable job, I am flattered.
AI
 
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