OYE's OH Yeaaaah Journal !! [Hurst+HGI]

Hello all,

Another method, another journal.

I will be learning a new strategy, and implementing it to my own PA trading method.

Strategy: trend exhaustion / trend reversals: HGI Indicator + Hurst Cycles (+Fibonacci+Pivots+Trendlines+Gann) + [Grid / averaging up + averaging down]
Instruments: GER30, XAUUSD (+some majors)
Analysis: 1H / 4H charts
Entry: 5 min. charts

About Hurst Cycyles: http://www.readtheticker.com/Pages/I...m-hurst-method
About HGI: Read attached pdf. Google it. It is a time-limited indicator (it expires after some time) so I won't be sharing the indi.

I aim at least %10 pure proft daily. (rinse & repeat from initial deposit after %100 profit)
I aim to take at least 2-3 signals daily.
I will close most positions intraday.

Update:

24 hours since trading this method.
%100 profit target reached.
Closing this account soon.
Starting with a new demo.

TE attached!
(demo)

Analysed @ 1H-4H charts.
Entered @ 5min-15min charts.


Comment:

This kind of trading is not for everyone:
- I use grid scaling-in / averaging down cost method for MM, I use only 0.01 lots.
- Semi-aggressive, margin level above %300 at all times
- Per $250 capital; $7-8 margin cost for 0.01 lots; I start with 0.06 ($42-$50) lots and increase in 0.03 lots after the initial trade is in profit.
- Normally I don't trade afternoon sessions, until lunch I should be done.

Goal: $250 to $8000
Aim: %4-6 profit per trade - $5-$7 profit in GER30 per 0.0001 contract.

I will start trading live after FED rate hike decision.

Now the thing is this HGI repaints:

But with the newest version it doesn't repaint -it updates-, it writes over keeping the old signal.

And if you reload the indicator before candle open / close it will give you correct signals.

So you are good to go.

Additional Indicator:
TMA

I will use the following template on 5min/15min for entries.

Find it here: http://www.forexfactory.com/showthread.php?p=9130109
Kudos to derekw for this template, which is working in line with Hurst+HDI.

+ Add HGI indicator by searching from Google.

1) Wavy thing shows end of trend / exhaustion of trend.
2) TMA shows where to enter/re-enter.

OK, done with the first TE that I shared as the goal is completed.

New Account,
Initial Capital: $250

Investor login to ActivTrades-Demo:
Login: 1384519
Password: A1234567

I will start with Goal 1 again, I will stop after completing Goal 2 and start over.
Goal 1: x2 the account capital. ($500)
Goal 2: x4 the account capital. ($1000)
Goal 3: x20 the account capital. ($5000)

After FED rate decision; I go live with $250. (One-shot)

I am warning you again:
HGI repaints,
but after you reload the indicator you won't see those "repaints" because signal conditions are not met yet.

Take only signals after current candle closes, as this is the right way to enter a signal trade.

So avoid entry signals on lower TFs.
(1H - 4H still shows a short signal, so I didn't close these trades)

Bear with me as I am also in the learning / testing process.

Goal 1 complete !!!!

Enough for today: x2 %100 profit

Trade Explorer attached.

___

Now Goal 2 !!!
$500 to $1000
(can be done in hours in a trending market, I must avoid news though as I trade high leveraged)

maybe I'll pass tomorrow (NFP)

PS: I don't sell anything, I won't offer any services.
CHEERS.

Morning,

Up and running.

Basically, I watch 5min / 1H / 4H together.
[Check yellow highlighted WAVEY THINGS, that is HGI signal telling us that trend is exhausted]
( consolidation will end in this case,
main trend 1H/4H is already short,
and we don't use signals from 5min.
5min wavey are reentry points where you can add more positions -
direction is always derived from 1H/4H )


Technically speaking DAX shows lower towards, I will only follow signal on 1H/4H to close my current shorts.
(If I go more aggressive I may have to close manual)

Example of adding more positions to average down costs, because 1H / 4H still shows short signal.
(I missed the long wick reentry trying to screenshot the moment)

Hold until 1H / 4H shows WAVY.

Starting Capital: $250
Goal 1 is $500 and done.
Goal 2 is $1000 and in progress.

After Goal 2 is complete, I will start over with $250.
Goal 3 is $5000.

That will be a challenge.

PS: Struggling with lot sizing, trying to keep margin level between %300-%500 at all times.
PS2: I want to implement a hedge / Plan B if things go bad.

Another strategy would be after %100 profit, divide account into 2:
Trade XAU on one. Trade DAX on other.

Maybe I'll try that if I struggle much with Money Management.

PS:
I got some private messages, this is a journal.
I am still learning this strategy, I have only traded it for 2 days now and only DAX.
So this is far away from a complete strategy.

Trying something:

If
in profit
AND
Free Margin > Equity
:
Use averaging down to reduce cost until
Free Margin <= Equity

DEMO GOALS before testing this strategy LIVE.

 

1. Goal 1: Start over with account #1 with $250. (Goal: $500) >DONE
2. Goal 2: Start over with account #2 with $250. (Goal: $1000) >DONE
3. Goal 3: Start over with account #3 with $250. (Goal: $5,000) > IN PROGRESS

Inserted Code

Account #3 Live:

Goal 3:
$250 to $5000

ActivTrades price stream for demo froze 5 min. ago.

So here are my open positions, can't modify / close.
(Was in %40 profit )

I may have to start over Account #3.

OK, demo-server back online.

For a reverse (long) signal:

Time-order:

(1) 5min has to show WAVY after candle close, if I refresh it has to be there. (HAD WAVY, I refreshed. they were gone)

(2) 15min has to show WAVY after candle close, if I refresh it has to be there. (HAD WAVY, I refreshed. they were gone)

(3) 30min has to show WAVY after candle close, if I refresh it has to be there. (NO WAVY)

(4) 1H has to show WAVY after candle close, if I refresh it has to be there. (NO WAVY)

After seeing 1H with a WAVY, I go long (or just close shorts and wait for a good entry)

I trade intraday and mostly trade in trend direction (sometimes intraday trend can change 2/3)

So I seek retracements, add more positions (I have to add more shorts before a lower low prints in this case)

______

15min chart points a reversal / retracement, I don't think it will reverse on a Friday.

Watching close, I need more screen time to trade comfortably with this strategy.

I would have closed 2 hours before NFP. (I will close soon as I will be leaving for weekend + will add Account #3 TE)

OK, I am leaving office now.

Re-Cap of Week 1:
Account #1 $250 -> $500 -> DONE
Account #2 $250 -> $1000 -> DONE
Account #3 $250 -> $5000 ->

Price stream was offline, so account wiped
Check screenshot.

Going live with $250 this week.

Cheers.

Now testing with demo meanwhile.