23-06-2005, 23:32
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#1
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level 1
Join Date: Jun 2005
Posts: 4
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Does anyone know about this system?
Does anyone know about Stephen Pierce?
More importantly does anyone know about his seemingly new system:
Profinacci
http://www.profinacci.com/
If you check the site and read how it works, then you'd agree that this system sounds really good (as expected from someone selling a product;))...
It would be more accurate to say that it sounds Too Good To Be True! :eek:
The only reason why i'm interested in it is because i was trying to accomplish the same thing but using so random formulas in Excel (this is before knowing or hearing about this system)... I "analyse" the charts, and tweak my formulas so that i end up with a good "system" or "strategy" (dont know if u ppl would call it that)...
I have been successful consistently (more deep profits and less not so deep losses) for the Eur/Jpy pair, but I lost that formula while changing it to suit other currencies:(.
Well the formula isn't actually gone, but just lost among hundreds of copies of the formula that i created to test other currencies...
eg.
I started out with something like this:
cval
| 131.66
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| 2
| E/J
| hi
| 131.83
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| LOTS
| 10
| lo
| 131.53
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| Spread:
| 0.04
| diff
| 0.30
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| PIP Val:
| $10.00
| Entry
| 131.59
| 131.63
| pip
| P/L
| L1
| 131.89
| 1
| 0.30
| 300.00
| L2
| 132.19
| 2
| 0.60
| 600.00
| L3
| 132.49
| 3
| 0.90
| 900.00
| S1
| 131.49
| 3
| -0.10
| -100.00
| S2
| 131.44
| 2
| -0.15
| -150.00
| S3
| 131.29
| 1
| -0.30
| -300.00
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Then that moved to this
cval
| 131.66
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| G/J3-1
|
| hi
| 131.83
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| LOTS
| 1
| lo
| 131.53
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| Spread:
| 0.1
| diff
| 0.30
| 0.08
| PIP Val:
| $9.37
| Entry
| 131.63
| 131.73
| pip
| P/L
| Limit 1
| 131.88
| 0.50
| 0.15
| 140.55
| Stop 1
| 131.61
| 2.50
| -0.12
| -112.44
| Limit 2
| 132.00
| 0.90
| 0.27
| 252.99
| Stop 2
| 131.53
| 1.50
| -0.20
| -187.40
| Limit 3
| 132.26
| 1.75
| 0.53
| 491.93
| Stop 3
| 131.49
| 1.25
| -0.24
| -224.88
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And then to this:
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| G/J3-5
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| hi
| 131.83
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| LOTS
| 1
| lo
| 131.53
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| Spread:
| 0.1
| diff
| 0.30
| 0.08
| PIP Val:
| $9.37
| Entry 1
| 131.73
| 131.83
| PIP
| P/L
| Limit 1
| 132.03
| 1.00
| 0.30
| 281.10
| Stop 1
| 131.58
| 1.00
| -0.15
| -140.55
| Entry 2
| 131.63
| 131.73
| PIP
| P/L
| Limit 2
| 131.93
| 1.00
| 0.30
| 281.10
| Stop 2
| 131.48
| 1.00
| -0.15
| -140.55
| Entry 3
| 131.53
| 131.63
| PIP
| P/L
| Limit 3
| 131.83
| 1.00
| 0.30
| 281.10
| Stop 3
| 131.38
| 1.00
| -0.15
| -140.55
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Now i cant find the one that worked originally (bear in mind i have A LOT of these all over my spreadsheet)...
In any case do you guys do anything similar to what I do or what this software claims? Or is this guys software a money making venture? http://www.profinacci.com/
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