Growing account size

I have ended '12 year up around 34% Was agressive but not enough opportunities to get further. Also a bit slack.

This thread is to keep records of attempt to skip increasing size as I work. Therefore have saved amount that will allow me 3 bets at my sustainable size.


My budget = XXX
Final trade size = XXX/3

Previus thread growing bet size finished http://www.forexfactory.com/showthread.php?t=380796

3 is quite little and 3 net losses will end this thread. I will likely make another attempt but will not worry about that right now.

To smooth the shock will start with bet size XXX/6. Will play this size until my account balance at least 1.33 * XXX OR if 3 losses, then will stop when balance falls to 0.5 * XXX. So I have lost only 1/2 of my budget.

If 1.33 * XXX reached first, will double the size to XXX/3. In worst case scenario, losing three times in a row, will end up with 0.33 * XXX, so really risking max 0.66 * XXX. Any win will increase my buffer and chances to keep the size.

This excludes black swan event where extra buffer will help. Winning positions can be kept for weeks.

I have 2 types of exits from losing trade
1. stop loss hit
2. timeout

I have 3 types of exits from winning trades
1. trailing stop hit
2. chart based condition
3. news based condition

All conditions derived from statistics.

Trade 1 x a month but lately is quite less. Hoping '13 will be livelier.

Expect USDJPY and EURJPY to provide more opportunities in '13 so I started watching them closely along with AUD and stock indexes.

EURUSD is not to my liking but continue watching from distance.

Have 3 brokers, all of them have different liquidity model. 1x futures, 1x MT4, 1x proprietary dealing desk. They all screw you at some or the other time, so diversification by splitting bet should be good step.

Also will split bet between 2 markets, if possible. My size is not big enough for this, but rather to minimise impact of tricks brokers or market play. Will have to move stop 6x per day, logging in 3 front ends, but happy to do that to capture extra couple of pips profit.

patience to wait for right opportunity. not easy. got first client to trade money for. not convinced that this is good idea yet. may disrupt thought process. see how it goes.

I expect further jpy weakness and stock bull markets to continue. that seem to be the only way to increase confidence & consumption in suburbia -> market will do it.

different name same trader - macroman.

First trade long gbpjpy entered at 14170....

Loss 0.12 risk, exit fri, before GB downgrade.

Large size. It does feel like serious work carrying this kind of size (for me). There is no other way but to know the answers to any situation UPFRONT, else I always make wrong decision.

I have enhanced my system to enter numerous limit orders and leave ones with the right set of conditions and cancel others etc. So, no way to post upfront as i do not know which one will be for real.

Happy with trade and filter that got me out with small loss.

longing yen next week. Got proper signal. Will pick 2 or 3 yen crosses to short.

Hum, it does look crazy this one

Signal is signal so I have to do it and follow plan. Max size.

Signal timed out just 1 hour too early else I would sell close to top eujy & gbjy.

No benefit from this signal for me. For now.

Hope it does not get too far.... so that mistake not too costly. Would have stop now on be already.

I am down this year 0.12 risk.

Timing out turned to be good thing as I avoided loser. After examination stop should not be moved to be yet. Turned sides on 'what does not go down has to go up' and I actually made small trade & win and my new balance for the year improved for 0.05 risk to minus 0.07 risk. My method does not strike goals right now. 5 trades without a winner so far. Did not clock any losses either.

Like my system as it is not time taxing and have plenty of time to prepare, calculate, plan etc. 4 trades so far this year. Looks like 10 to 15 at the end of year. If i make 1 winner, will be happy. Winner is around 15 risks. I am yet to drive winner to full payout ->current challenge !!!

got buy signal for gold.

bought 1601 on thursday. Full size.

Although some exciting developments over the weekend with North Korea and Cyprius, gold could not make it thru 1600 so exit with 0.33 risk loss. This year 0.4 risk down. Keeping price of failed attempts down. 6 trades this year, no winner, total 0.4 risk down.

It will come, it will come === WINNERS !!!

traded half size short eurusd. Another loss = 0.14 risk. YTD 0.54 risk.

1 risk means max loss per trade.

Started year with budget of 3 risks to skip couple of levels of bet size. So current position is 2.46 risk.

Actually happy with performance of the system in drawdown. Now 10 trades since last win. Clearly, not high time for my style of trading.

another trade in audusd and another nonmover + 0.03 risk, total for the year = minus 0.51 risk.

analysis of past performance shows that after such a long period of nonperformance get usually couple of chained wins.

in light of this, will double my size. Yup, trading at max I can afford. Anything more will take my sleep away.

To summarise : i trade infrequently and max size I can afford, because I trust my edge will prevail as odds are more than 50% to win. Currently have no large wins yet. Presume first win will be the hardest and sweetest. Also, I am prepared to lose. Will mourn couple of days and move on if that happens.

Update = 13 swing trades this year so far and no win!! Down 0.9 risk for the year.

2x I had a bit of bad luck though, else would be up couple of risks.

happy with the system as losing trades produces small losses. Average loss <0.1 risk. I now got used to the bet size. Possible, that I screwed as I was afraid of size I was playing with. I believe this problem is now behind me.

One day, winner will come.

Will post from now on all trades here for the record.

Got signal in aud oil stocks. 2 weeks ago. Finally see green for the year !!!!

Signal to buy GOLD stocks has expired last week and no action.

I am positioned aggressively for resources and especially oil stocks to move up. Also have method how to add extra size and so far worked 100%. Worst case, will suffer minor losses, good case earn decent coin and move to next level of bet size.

Have some signals pending, where I plan to risk most accumulated profits to increase total position. It is nice having largest position when green

Time to be max aggressive

oil stocks gently pushed ahead but nothing to worry about.

Will have round of additions this week, mainly to US oil stocks, probably 4 or so.

expecting upside to accelerate. This uptrend, if successful may take 1/2 - 1 year or so. So, will not easily exit.

Added long position in crude oil.

Looking to buy couple of oil stocks as well in US session.

and increase on oil position if behaves.

then i'll sit and relax and enjoy fruits of my work

and exit at some point with algorithm created by my random number generator.

enter and exit crude oil with small pl. position timed out.

no stocks added.

waiting for next signal.

it feels good to be in green for the year. Was in red from 1/1/13 up to week or so ago.

maybe EOY finish will produce goods...

Sell in oil produced some coin. Enjoying again all time high after 9 mths in valley.

Further sell oil trades coming.

year ended flat with equity balance ranging from -0.8 risk to 0.2 risk.

I did bet as planned but year was just bad.

At least proven my defence as largest loss was 0.45 risk.

1 risk = risk per trade =(entry minus stop) times lots.

'14 year started okay and sitting on account high.

have 2 systems running in full swing

And new one that is in experimental mode. Current experimental position long usjy for 110 or so and long china index.