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- FBForex replied Aug 15, 2011
You should have closed all positions today since total position was at a loss of about 1000 euro... Now we wait for next week to take new positions... I'll be on vacation for three weeks next week, so no trading for me... Hope someone will keep ...
- FBForex replied Aug 15, 2011
Yes you have understood correctly! Good luck with your trading!
- FBForex replied Aug 15, 2011
Attached is strength calculator readings for this week and trades that I opened this morning. Important: If at the end of this day the position is negative, we close all open trades and wait till next week to start trading again! If during the week ...
- FBForex replied Aug 12, 2011
Thanks for the explanation... seems very logical now I wonder if it would be possible to provide me with the program / EA / spreadsheets... you use to backtest, so I could perform these tests myself? I have a few ideas, suggested in this ...
- FBForex replied Aug 12, 2011
Attached is a test for the last 5 months, again using data provided by zz with closing all negative positions at the end of the day (first two columns) and with closing all negative positions at the end of the day and if total profit of the week ...
- FBForex replied Aug 12, 2011
You're correct. According to zz's test results in positive weeks at no time during the week (at least at the end of each day) the total position for that week (including closed trades) went negative. It stayed in profit for the whole week. Would be ...
- FBForex replied Aug 12, 2011
I also wonder how it's possible that on my Demo account last week had a profit of € 2767.58 and your results show only $ 259,64 profit? This seems very odd????
- FBForex replied Aug 12, 2011
Just tested an idea. I took zznbrm's 5 month results and decided that if total profit for a running week would become negative, all trades are closed and trading will start only next week. As you can see result improves a lot. This idea seems ...
- FBForex replied Aug 12, 2011
Will keep posting daily results... just to be sure... Open profit has dropped as CHF dropped against all currencies. As 2+2=4FX pointed out, hedging is not an option. Better solution would be to adjust lot sizes to lower the risk.
- FBForex replied Aug 11, 2011
Thanks for the extensive testing... not really encouriging... holy grail still remains to be found Your test demonstrates that for a start, lot sizes are too high... as mentioned before 0.01 lots per 10.000 seems more appropriate... But still... ...
- FBForex replied Aug 11, 2011
Yes, thank you for your efford! But I call 5 months of trading using weekly setups hardly enough evidence... If you look at the weekly chart you'll see that 5 months or about 20 weeks is not much on this timeframe. Market conditions change over time ...
- FBForex replied Aug 11, 2011
I see your point, however wouldn't it be more logical to use overall ATR (average ATR over all pairs) as an indication of total market volatility? If we use pair specific volatility we are increasing risk on slow moving pairs... which probably have ...
- FBForex replied Aug 11, 2011
I'd like to share following link with you. It's a tool to calculate margin and pip value. In order to balance the sytem more we should adapt lotsizes according to pip value. Pip value should be the same across all pairs at the start of a new week. ...
- FBForex replied Aug 11, 2011
Hey everybody, Good morning to you all! Will be few posts from me today... not much time But will keep posting the daily end of day open trades. I noticed that most of you are trading 0.1 lotsize just like me. I want to point out that 0.1 lotsize ...
- FBForex replied Aug 10, 2011
No, not correct. You should buy CHF against every other currency, but NZD against every other currency EXCEPT CHF. You only open one position on every pair. Work your way down from top to bottom, so in the end you will open a position of selling the ...
- FBForex replied Aug 10, 2011
Thank you for your positive input! Really appreciated! Really comes down to sticking with a method..... So what do you do? Do you start from the Top and Sell any pair that has CHF as the base pair (GBP/CHF, USD/CHF etc...?) So what do you ...
- FBForex replied Aug 10, 2011
That's exactly what we do... If you work your way down from strongest to weakest currency you will end up with buying the strongest pair, buying and selling the pairs in the middle and selling the weakest pair. Thank you for your compliments
- FBForex replied Aug 10, 2011
Update, just closed NZD/USD position and EUR/NZD position in order to close half open negative position. Attached current open trades, still large open profit.
- FBForex replied Aug 10, 2011
Hi Lou, welcome to this thread (and others I may not have welcomed yet in this thread). The reason why I started using this with only a 10 week period strength calculation is because it seems a relevant time period compared with one week of trading. ...
- FBForex replied Aug 10, 2011
Reason for opening trades on all pairs is that you simply won't know in advance what pairs will have the strongest movement. Sure, USD is the most liquid pair but last week for instance the biggest profit came from AUD/CHF, this week the biggest ...