Hi from South Africa and thanks for visiting my thread. I will be using this thread to host the Trade Explorers (demo and live) of a few strategies that I have picked up here at Forexfactory as well as other forex resources or development of my own ideas. I will try to give credit where credit is due.
I hope this thread will give me a little direction and make sure I explore ideas fully and setup forward tests before just jumping to new strategies or threads. FOCUS!
My live trading:
At the moment I trade two small live accounts (around $750 each) at eToro. On one account I follow a fairly simple longer term trend trading strategy with 100% manual trading, on the other one I trade supply/demand and price action (J16 style) and also allocate 80% of my funds to copy other good traders. You are welcome to look me up at eToro @safefx and @pasopvirpot but please let’s leave broker discussion off this thread (rather pm me if you want to chat about brokers).
If I move more funds to live accounts in the future my current preference is OANDA Europe.
100% Mechanical systems:
I believe that profitable 100% mechanical systems do exist and will be testing some 100% automated strategies here. For a strategy to be 100% automated it means that it can be programmed into an EA and that the EA should never be turned on/off (i.e. no manual intervention).
My programming is not great, but I have managed to program a few simple EA’s that I will be testing, if I decide to take them live on a decent sized account I’ll probably pay someone to rewrite them to ensure they are safe for live trading.
I will be forward-testing ideas that have proofed profitable in backtests (accepting the limitations of backtests). I’m happy to test systems on all currencies/instruments/timeframes trying to gain only 1 pip per trade J or even a few hundred pips.
I will be trading mostly demo accounts at Oanda (Europe) using a VPS. I hope to move some manual strategies to small live accounts soon. If you have any strategies/ideas/EA’s you would like to discuss or would like me to test please post in the thread or pm me. I’m still figuring out the VPS but will help you forward test an idea, let’s learn together.
Please demo any ideas/strategies/EA’s you may pick up here before you trade them live.
CONSTRUCTIVE criticism or suggestions are welcome!
System 1: Quick Fractal Breakouts
I created the EA to explore the profitability of longer term fractal breakouts. I have played around with TIMEFRAMES, TP, SL, BREAKOUT BUFFERS, and have found some settings that seems profitable with low drawdown (using MT4 strategy tester) across a few currencies over period 01/01/2010 – 20/06/2013 using only a 5 pip TP and SL J. Looking forward to see how real live market conditions (e.g. spread, slippage and news) will affect the strategy. I will be forward testing it on 7 currencies: EURUSD, GBPUSD, USDJPY, EURJPY, USDCAD, AUDUSD, NZDUSD. Will demo it on a $1000 demo account trading 0.1 lots. Let’s see how it plays out!
System 2: Third Screen Strategy
Thank you to 100PipsADay that introduced the systems and to all others that contributed to the system threads, you have changed the way I see the forex markets forever.
My settings if you are interested:
I’m hoping to take the strategy to a live account soon; I just want to make sure I understand the money management and potential drawdown implications.
I hope this thread will give me a little direction and make sure I explore ideas fully and setup forward tests before just jumping to new strategies or threads. FOCUS!
My live trading:
At the moment I trade two small live accounts (around $750 each) at eToro. On one account I follow a fairly simple longer term trend trading strategy with 100% manual trading, on the other one I trade supply/demand and price action (J16 style) and also allocate 80% of my funds to copy other good traders. You are welcome to look me up at eToro @safefx and @pasopvirpot but please let’s leave broker discussion off this thread (rather pm me if you want to chat about brokers).
If I move more funds to live accounts in the future my current preference is OANDA Europe.
100% Mechanical systems:
I believe that profitable 100% mechanical systems do exist and will be testing some 100% automated strategies here. For a strategy to be 100% automated it means that it can be programmed into an EA and that the EA should never be turned on/off (i.e. no manual intervention).
My programming is not great, but I have managed to program a few simple EA’s that I will be testing, if I decide to take them live on a decent sized account I’ll probably pay someone to rewrite them to ensure they are safe for live trading.
I will be forward-testing ideas that have proofed profitable in backtests (accepting the limitations of backtests). I’m happy to test systems on all currencies/instruments/timeframes trying to gain only 1 pip per trade J or even a few hundred pips.
I will be trading mostly demo accounts at Oanda (Europe) using a VPS. I hope to move some manual strategies to small live accounts soon. If you have any strategies/ideas/EA’s you would like to discuss or would like me to test please post in the thread or pm me. I’m still figuring out the VPS but will help you forward test an idea, let’s learn together.
Please demo any ideas/strategies/EA’s you may pick up here before you trade them live.
CONSTRUCTIVE criticism or suggestions are welcome!
System 1: Quick Fractal Breakouts
I created the EA to explore the profitability of longer term fractal breakouts. I have played around with TIMEFRAMES, TP, SL, BREAKOUT BUFFERS, and have found some settings that seems profitable with low drawdown (using MT4 strategy tester) across a few currencies over period 01/01/2010 – 20/06/2013 using only a 5 pip TP and SL J. Looking forward to see how real live market conditions (e.g. spread, slippage and news) will affect the strategy. I will be forward testing it on 7 currencies: EURUSD, GBPUSD, USDJPY, EURJPY, USDCAD, AUDUSD, NZDUSD. Will demo it on a $1000 demo account trading 0.1 lots. Let’s see how it plays out!
System 2: Third Screen Strategy
Thank you to 100PipsADay that introduced the systems and to all others that contributed to the system threads, you have changed the way I see the forex markets forever.
My settings if you are interested:
- Using TCOTrader V1.3 EA
- Fully automatic, I will not manually intervene
- Using MACD (e.g. the ThirdScreen Strategy)
- Max 4 lots
- 6 hour delay
- TP 3XATR SL 2XATR
- Pairs I’m trading can be seen in the Trade Explorer (about 20)
- Using 0.01 lots for now
I’m hoping to take the strategy to a live account soon; I just want to make sure I understand the money management and potential drawdown implications.