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5000 pips

  • Post #1
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  • First Post: Oct 29, 2007 2:33pm Oct 29, 2007 2:33pm
  •  Mike_Douglas
  • | Additional Username | Joined Oct 2007 | 27 Posts
Hi, I´ve just developed one strategy, in the 4H in GBP/JPY, since january it gave me 5000 pips clean profit allready with spread comission, with 50 trades, you thinks its good, in GBP/JPY?, since it is the most trending currency?
  • Post #2
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  • Oct 29, 2007 11:44pm Oct 29, 2007 11:44pm
  •  WHTenn
  • Joined Nov 2006 | Status: Member | 1,758 Posts
Consider sharing the strategy and move this to the strategy section if you want to continue.

Also show us charts, time frames, etc...

Thanks
 
 
  • Post #3
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  • Oct 31, 2007 5:34am Oct 31, 2007 5:34am
  •  Gwan
  • | Joined Feb 2007 | Status: Small is beautifull | 1,368 Posts
strategy is not always good only because it gives lot of pip, but i guess it was good to give you that much profit.

and yes, the detail is matter.
 
 
  • Post #4
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  • Oct 31, 2007 6:47am Oct 31, 2007 6:47am
  •  billflet
  • Joined Mar 2007 | Status: It's all just noise. | 1,681 Posts
Quoting Mike_Douglas
Disliked
Hi, I´ve just developed one strategy, in the 4H in GBP/JPY, since january it gave me 5000 pips clean profit allready with spread comission, with 50 trades, you thinks its good, in GBP/JPY?, since it is the most trending currency?
Ignored
What do you mean by most trending? Please explain by way of a chart.
 
 
  • Post #5
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  • Oct 31, 2007 7:40am Oct 31, 2007 7:40am
  •  BBPI_fxtrader
  • | Joined Jun 2007 | Status: full-time trader wannabe | 975 Posts
was this a backtest or a forward test ? also, with real money ?
Twitter: @forexpokerpro
 
 
  • Post #6
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  • Oct 31, 2007 8:25am Oct 31, 2007 8:25am
  •  melpheos
  • Joined Jan 2007 | Status: Stochastic pipster | 1,657 Posts
Quoting billflet
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What do you mean by most trending? Please explain by way of a chart.
Ignored
It obviously means that when geppy starts to go in one direction, it will follows this direction for quite a while before there is a reversal
 
 
  • Post #7
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  • Last Post: Oct 31, 2007 1:14pm Oct 31, 2007 1:14pm
  •  billflet
  • Joined Mar 2007 | Status: It's all just noise. | 1,681 Posts
Quoting melpheos
Disliked
It obviously means that when geppy starts to go in one direction, it will follows this direction for quite a while before there is a reversal
Ignored
I was looking for an answer from Mike Douglas. Does he mean in terms of time? Price?
I just wanted to know how he determined that geppy is the most trending currency. I suspect he meant that it moves in the greatest daily ranges or that it is the most volatile.
But thank you anyway Melpheos.

So for Mike Douglas--and only Mike Douglas: Do you mean that GBP/JPY has the largest daily range, or that it trends for the longest amount of time, or that it changes direction least often than all other currencies? Or that it changes direction more often, therefore offering more opportunities to get in and out in either direction.

Yes, if you've invented a system that gave you 5000 pips for 50 trades it is excellent. What was the win/loss rario? Biggest drawdown?

Thanks
Bill
 
 
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