My trading work is finally coming together.

submitted by humancorpse from i.imgur.com

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[–]humancorpse[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

my bot closes the trades by waiting until it goes slightly past the target price and then it slams a stoploss right behind it.

fyi, the red line with the white tip is the target price.

https://files.catbox.moe/du81s4.png

[–]humancorpse[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

and now it has already begun another position..

this is what i call a "gridding" trading system.. it is the most dangerous and crazy way to trade...

in this example, the current price is below the "target price"(red line with a white tip) and it places a trade when it is 8 pips below and then 12 pips below and so on and so on and then when the price goes onto the other side of the take profit it will close the trades in profit using a stoploss.

https://files.catbox.moe/jyxgnl.png

and since in started writing this comment it has opened a second trade.

https://files.catbox.moe/xke1bi.png

when the current price is below the target my bot will open more and more trades as the price goes down.. can you see how this is a dangerous and foolish way to trade? if the price were to keep going down, my account would blow up due to margin calls.

if(pos>=8) wantlots+=baselots; 
if(pos>=12) wantlots+=baselots; 
if(pos>=16) wantlots+=baselots; 
if(pos>=20) wantlots+=baselots; 
if(pos>=24) wantlots+=baselots; 
if(pos>=28) wantlots+=baselots; 
if(pos>=32) wantlots+=baselots; 
if(pos>=36) wantlots+=baselots; 
if(pos>=40) wantlots+=baselots;

[–]Zapped 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (7 children)

What is your anticipated gain using this bot?

[–]humancorpse[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

my goal, since the beginning of the project in may of 2004, has been that i would create a trading system that would be capable of winning the nobel prize in economics.

of course the kids in the trading forums would laugh when i would say this.. they would giggle and ask me what does trading have to do with the nobel prize in economics?

first, i want to clarify that i couldnt care less about any nobel prize, but my point is that my goal was to design a calculation that would be "able" to win the nobel prize.

so, as the other kids in the trading forums would mock me and tell me that trading has nothing to do with any nobel prize in economics, i would disagree.

for example, there was the BLACK SCHOLES formula that is used to calculate the value of trading options(i dont know the exact details about it)..

https://www.nobelprize.org/prizes/economic-sciences/1997/press-release/

so yes, discoveries in the field of investments can most definitely be something that could be eligible for a nobel prize in economics.

hey, check out this animated gif of my work over the last hour or so..

https://files.catbox.moe/7or2s1.gif

[–]humancorpse[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (5 children)

What is your anticipated gain using this bot?

it is my goal to form a trading company that will operate an actual bank that is able to wire monies between itself and other banks in the world.

trading small funds is fun, but it is difficult to produce results that are worth the effort.

trading starts getting good when trading ten million dollars.

when trading ten million dollars and i earn 3% proffit, that is $300k of profit, of which i would give 2/3 of that($200k) to my investor or investors and i would keep 1/3($100k) for my trading company.

trading becomes very noticeable when trading ten billion dollars.

when my trading company is managing ten billion dollars, a 3% profit is $300,000,000.00(three hundred million dollars) of which i would give 2/3($200 mill) to my investors and keep 1/3($100 mill) for my trading company.

when trading large sums like this, obviously i would not do my trading thru one of these fly by night brokers(no matter if they are regulated or not) but instead i would want to establish my own bank where i would safeguard my investor's capital and i would make my trades by transferring a block of money to another bank in another economy.

regards.

[–]Zapped 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

So tight, but steady gains using a large investment to get a relatively small, but still large gain.

[–]humancorpse[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

yeah... seriously, you arent going to trade a fifty billion dollar account and make ten percent per day, lol..

do you know that it is actually a doable thing to operate a multi trillion dollar trading fund?

[–]JasonCarswellMental Orgy 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

How do you define "other banks"?

Can I become a "bank"?

IMO, centralized banking is one of the world's greatest problems. Decentralize all things.

Imagine millions of "banks".

[–]humancorpse[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

small minds like to argue and debate everything into the ground, and when they are finished arguing they go to sleep.

good night.

all trades are closed.

[–]JasonCarswellMental Orgy 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I think I have valid points.

Respond in the morning.