Strategies, Systems & Indicators

[Sunny1]

well sunny i dont loose with lazzy boy system but i also not denay the fact that i have few loosing day also but iend of week i was in profit and one more thing i have closse my last 2 week a total acount growth of 16% and total 986 pip so i will not say this system is bad only one thing i am stugling with is were should i book profit and were should my stop loss will be. and i also making some change and to make it better but one more thing i will tell every one that profit and loss is a part of game , so you have to know that we can also loose in few trade so this does not mean the system is bad or it will not work so give the system some time and learn how to loose than only you know how you win because we can not always win we have except some loss also, and if any one having problem with lazzy boy and if we can not understand how to use it i am always there to help if you are having any problem plz ask the question so we can know that i will help you if i can .

Again right. where to book profit is main confusion with this system but it is rather advantage not a problem. because profit booking is very flexible , lower profit target higher the success rate , higher the profit targets lower success rate . so have to choose what type profit and success rate we want . once we decide that there will be no confusions ..

 

[Tavnaz]

Hello Sumit and all,
Good to see you back.
Now when you are using lazy boy, could you open your sef up about your previous strategy i have been wanting to know that.
And how did you backtest the result of lazy boy, are you using EA for that.
Regards
Tavnaz

 

[radjiff]

Hello to you sumitdasjoshi . Could you please tell what indicators are you using?

 

[maidass]

Hey harsh,
if u r already live, which broker r u wth? cn u post yr ac statement (of course deleting yr account no)?
If u spend yr whole life in searching n researching, whn n hw wl u trade at al?
evn if u research fr da rest of yr life, no1 ever (EVER) wl hv a system which cn gv 100% result? then y cnt u b happy wth 70% success (as u claimed using lazzy boy) n spend da rest of yr trading life in going to banks thn searching n researching?

THERE IS ABUNDANCE FOR EVERYBODY'S NEED
BUT
THERE IS IMMEDIATE SCARCITY FOR ANYONE'S GREED

 

[sumitdasjoshi]

hello guys as i am using my 500$ demo acount because i know i will not abel to trade with 3000$ acount in forex so this is only feal for me if i will have this kind of result trought the month than i will go live, let see can i mentan this kind of winig rate or not.

 

[sumitdasjoshi]

today i made about 421 pip with this system i am posting my result if any one get the time he can count the pip i made and i am become so lazzy now so i call it for a day. i am end my day with a acount growth of 8.43%, i am ending this week with a total pip945 and a acount growth for week is 17.98%.

 

[Edward]

Hello Guys,

I am back, this two days full devotion to this thread again.
Apologize for the delays in answering so many questions. Infact I had not even visited this thread this entire week... may be a glimpse here and there..

To put to rest the new controversial twist given by Harsh and Octopuspaul, I would like to add something here...
Researching is good and important..... but our love for research should not take over our love for trading.... it's as simple as that.
I still have some 20 systems, that I had concieved and all equally consisitent in results... but I used to just move on and on, never satisfied with whatever I had in hand...
Finally, I remembered what Lord Paton said, 'A good plan that you have today is far better than the great plans that you might have tomorrow'.

So I am contended with what I have today, I implement what I have and grow but without leaving the quest for perfection.
I do not 'Change' for the sake of Change, I change for 'Growth or Betterment'.
there are few who are never going to get satisfied with what they have... and this insatiable quest will make them a wanderer forever.....

Concluding.... Octopuspaul is right... and so is Harsh.... lets hold on to the winning streak without leaving the quest for more productivity and profitablity.

Madhav, Sumit, Animedia, Ashish, Raghav, Sunny, Octopuspaul, and so many people who have caught the rhythm of trading with the Lazy Boy... remember... there is no need to change what is working..... but there is always room for improvement... if your new idea is not working... get back to the old consistent ways...

 

[Sh3v4]

Sumit, you're awesome...!
Can I know your strategy at scalping...?
Coz I'm bad at scalping...

 

[sumitdasjoshi]

well brother it is not a scalping i go for at least 10 pip or this trade .
and i am not scalping it is all about the lazzy boy system if we know how to use the tool we can make kill out of it.

 

[Sunny1]

Hi Edward and friends. This week started afresh Lazy Boy On 5 min TF.But sad thing I could not achieve target of 200 pips in a week targeting only 5-10 pips per trade. traded only during evening so only few trades

Trades: 45.
No. of loosing trades: 14
winning: 31
$$ made:45
Biggest winnging: 26.5 $
Biggest loosing: 31.8 $

Mistakes:every loss trade in GBP/*** pairs takes 20-30 pips easily so its foolish to book 5 pip profit in GBP/*** pairs. these pairs can easily provide 15+ pips.so next time I would target higher in GBP/*** pairs.

In alphari demo spreads are very low so GBP/*** goes in profit immediate. but usually GBP/*** have 5-10 pips spread so upon enetring trade we would immidialtely in loss of 5-10 pip.

I would like Edward to give me some improvement tips.