Soldiers Of Fortune

In Soldiers Of Fortune, each trade/Soldier is positioned with the understanding that market movements are unpredictable...

It is rooted in the Random Walk theory...

It treats each entry as an isolated event, independent of past movements...

By assigning specific roles to Soldiers within various Units, the strategy acknowledges that price direction can change without warning, and therefore, each trade is placed with a level of caution and readiness for any possible outcome...

I was surprised to learn that the word Soldier originated from the Latin word "Soldiarius", which meant "a man serving in the army for pay."
"Soldiers Of Fortune" or "Soldiarii Fortunae" would have sounded so ridiculously redundant to Sir Julius Caesar...

Friday, August 23, at 12:25 Eastern...

Looking forward to hear more about the different roles the solidiers have within their unit.

The dark side of the moon...

Friday, August 23, 16:33 Eastern...

Viewing MT4 as a Monte Carlo tool aligns well with our trading approach...
It allows us to model the uncertainty of the markets and test the strategy across a wide range of scenarios.

By simulating various market conditions, we can see how the strategy holds up in different scenarios, identifying potential risks and adjusting our exposure accordingly.

It also provides a way to stress-test the strategy, ensuring it is robust enough to handle the unpredictability of the markets...

Monte Carlo simulations are excellent for understanding the probability distribution of potential outcomes...

Applying this to our trading, we can estimate the likelihood of various profit/loss scenarios, helping us make more informed decisions...
Overall, this approach integrates well with our detailed and structured strategy, adding a layer of analytical depth...

It turns each trade into a data point in a broader analysis, helping us stay ahead of market shifts and improve our long-term progress...

Friday, August 30th at 10:38 Eastern...

Master trading here

Monthly statement for August 2024...
Balance = 7,390.70
Equity = 6,749.91
UPL = -640.79

Gross Profit = 1,035.33
Gross Loss = 0.00

Total Trades = 150
Short Positions Won = 119
Long Positions Won = 31
Loss Trades = 0 (0.00%)
Please keep in mind that we treat our losses as Unrealized Expenses...

An accountant's Performance Analysis for the month of August 2024...

1. Opening Summary:

1. Starting Balance (August 1, 2024): $6,346.90
2. Starting Equity (August 1, 2024): $6,346.90
3. Starting Unrealized Profit/Loss: $0.00

2. End-of-Month Summary:

1. Current Balance (August 31, 2024): $7,390.70
2. Current Equity (August 31, 2024): $6,749.92
3. Current Unrealized Profit/Loss: -$640.78

3. Performance Metrics:

A. Net Profit for the Month:

1. Calculation: $7,390.70 (Current Balance) - $6,346.90 (Starting Balance) = $1,043.80
2. Interpretation: The account's balance increased by $1,043.80 over the month, a 16.45% gain on the initial balance.

B. Equity Growth:

1. Calculation: $6,749.92 (Current Equity) - $6,346.90 (Starting Equity) = $403.02
2. Percentage Equity Change: ($403.02 / $6,346.90) * 100 ≈ 6.35%
3. Interpretation: The account's equity increased by $403.02, or 6.35%, indicating positive growth despite the unrealized loss.

C. Unrealized Profit/Loss Impact:

1. Current Unrealized Profit/Loss: - $640.78
2. Interpretation: Unrealized losses slightly offset the gains in equity, but overall performance remains positive.

4. Strategic Insights:

1. Balance vs. Equity: The significant balance increase demonstrates strong trading performance, but the unrealized loss is an area to monitor. The growth in equity despite this loss shows effective management and promising long-term potential.
2. Unrealized Loss Consideration: The unrealized loss of $640.78 is currently holding back the full potential of equity growth. Monitoring these positions and considering strategic adjustments might help turn these losses into gains.

5. Summary of Findings:

1. Performance: The account performed well with a 16.45% increase in balance and a 6.35% increase in equity.
2. Outlook: While the unrealized loss needs attention, the overall account health is strong, indicating a solid foundation for continued trading success.

You are not giving away much information on your strategy (apart from being mostly hedged to save margin, and from using Random Walk theory) but I am happy for you to see rising numbers!

Nitpicking perhaps, but given the nature of your strategy (opening many trades in parallel of which a lot are in loss), it feels more right to only consider equity and not balance. It is trivial to create a rising balance line: just open 100 random trades and after 1 day close only the profitable ones (which should be about half of them). That obviously gives a rising balance line, but not a rising equity line.

In your strategy the equity is also rising which is a good sign that you are doing more than just randomly throwing a lot of trades in the market! Good job! Looking forward to more hints and bits of information that might help us understand how you are achieving this!

Balance Vs Equity...

MT4 does not readily provide such a graph but, thankfully, Trade Explorer does.

"Nitpicking perhaps, but given the nature of your strategy (opening many trades in parallel of which a lot are in loss), it feels more right to only consider equity and not balance. It is trivial to create a rising balance line: just open 100 random trades and after 1 day close only the profitable ones (which should be about half of them). That obviously gives a rising balance line, but not a rising equity line."

Thank you Professor!

As it happens...
Wednesday, September 04, 2024 at 7:30 Eastern...

Now that we have one full month of forward-testing with basically nothing but controlled random entries, the next step will be the smoothing out of the equity curve.

Equity without Balance curve...

If you prefer a Line-graph...

"Nitpicking perhaps but..."
What a horrible way to start a sentence!

What's horrible about it? You haven't shown a strategy at all. People are just searching for answers.

Jblanked,

I honestly will drop everything I'm doing to follow your guidance and learn your strategy...
Your achievement is just amazing and I'll bet my farm that every single trader on FF and elsewhere will be more than honored to religiously follow your lead...

And all in less than two years...

I see that you're from the States...
With results like yours, Wall Street will throw tens of millions at you in a heartbeat...

For a minute I thought "this guy is Godsent" and decided to spend some time checking out your record on FF...

Please guide me if I'm wrong, but I could not find a single post with a full paragraph in it about trading...
Not even a hint of a strategy...

I will be forever thankful to you if you allowed us full access to your Trade Explorer the way I'm doing it...
I promise I won't ask you any other question...
I'll focus on reverse-engineering your strategy instead...

Cheers.

Lol way to dance around the bush, my work speaks for itself. 99% of my posts on Forex Factory are me helping others.

This thread is about your "strategy". Why start a thread if you aren't going to share any details?

Your work speaks for itself but you are not allowing us to hear what it is saying...
I looked for over an hour...

Why did you make your "Profit Scale" private?
Why don't you hide the graph altogether instead of the most important piece of information in it?

That graph has not been updated/refreshed since September 26, 2023...
What's up with that, dude?

Please allow me to move on...

Cheers.

Click here -> https://www.forexfactory.com/search?do=process&provider=Member&searchquery=jblanked and scroll down.

You may find something you can use. For now, goodbye.

I'll swing back around if you ever give out some details about your "strategy".

"I'll swing back around if you ever give out some details about your "strategy". "

Please don't.

A high achiever like you should not need someone like me for anything...
I was hoping you'll answer a few of my questions...
Why are you running away so fast?

"Search results expired. URLs for search results cannot currently be shared with others."
That's the message I got when I tried to open your link.

Please continue to help others "99% of the time".
You're full of it, dude!

A thread useless. A waste of time.