Code my system please: EUR-USD 2010 61 wins 2 losses 97%

hi.ok psar is our trailing stop.how many pips do we loss when we had 2 losses??
we have 61*10=610 pips profit.
but how many pips did we lose??what was our loss??

thanks forexmastery ... yes its 10 pips for take profit ... you can use the hard stop loss of the first psar value or can trail the psar value with each new closed bar. We are currently working on a idea that we balance the risk of the balance associated with the psar stop loss difference in the opening of the trade so it stays in perfect balance with your amount of risk and not be 20% risk but ideally if a loss happened would be 29% loss of the portfolio. We are favoring using the hard stop psar first value and keep it their till the loss happened or we hit the +10 pips ... this would result in the eur/usd results being 60 wins 1 loss = 98.4% win ratio and I will work on the excel report to update the correct pips earned and balance.

pipchampion ... if you pull my pdf file attached you will see the two trades losses resulting in -110 pips one trade but prevented now with the new psar hard stop value. The other was -58 pips .... hope this answered your question

Hi bllbss ... I appreciate your comment ... but with a martingale system it would continue to double and double we don't do that.

If you don't mind me asking what systems do you use that is profitable ... I would be open to add another to the trading portfolio please. Thank you very much for your feedback.

yes.i looked at your profits and losses.we should look backtest including 2009 2008...2005 etc.if results are same,(winning ratio and losing pips of past years are approximately same this year)it is very good system.
very good result.i also think it must be coded.
can yurik indicator (non repainting version) be change to an ea??

and i think this system does not need any martingale rule,if results of 2000 - 2009 years are as good as this year.

thanks pip champion I am currently working with someone getting this ea coded ... that way we can do a real back test for the past years ... and enjoy the use of it on future trades as well. Love the feedback thanks !

Hi Steve,
If you don't mind, can you please post your spreadsheet for tracking performance.

Would you like a generic one to track your performance or the pdf copy I saved from excel? I don't have that spreadsheet on my computer where I am at but I can do that for you tonight if you like ??

An EA to trade this would be ideal but if someone is able to add the Alarm to Fisher indicator, that would be a great start. I wish I was technical enough to make the change myself.

A copy of the excel spreadsheet, not the pdf because pdf cannot be updated. Thanks

no problem I will post the excel report for anyone to use. We are also working the past 2 days on coding the ea so it is coming !! : )

This is -110 pips losing trade 8 march.Where do you buy??from yellow line or orange line??if you wait for complete bar(yurik passes +0,25)i think you should buy from orange line.so you dont loss 110 pips and you profit 10 pips.is it true??do i understand your system truly??do you wait to complete bar or not??

the short position would have been triggered from the march 9, 2010 08:00 (4hour chart) closing bar.

sorry that was the next trade a winner. It is that closing bar long position on March 8, 2010 04:00 (4 hour chart) but if we use the first psar value in the long position this would have resulted in a winning trade so that is correct.

so?am i right??do you wait for complete bar??you buy from orange line? do you??your system is saying "open buy position when yurik passes +0.25 and psar show buy (after bar complete) ". is it true??do i understand right??are -110 pips loss true or false??
my english is bad sorry for bad english..

you are exactly right ... your english is great keep the questions coming if you have them ...

and this is 59 pips loss trade 19 january 2010.my metatrader shows yurik under +0,25.so we shouldnot buy from here.(in white circles)is it true???
why did you buy at this bar??

if it is true we can change the title 62 wins 0 losses %100.But i am not exactly sure other results are true.

if other results are true your system is perfect.it is very simple,stressfree and profitable...

remember we use that closed bar as confirmation so yes this one resulted in a losing trade.

ok.
i think using martingale (double lot) in one or two execution after losing position is very suitable.because it seems it is very very low probability to lose two times in a row.

forexmastery or anyone that would like the exel file it will not download as a attachment here so please email me [email protected] and I will send you a copy... you can change the fields highlighted like: Balance, Risk % of portfolio, lot leverage size. Enjoy!