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The REAL Traders Video Journal, 3-5% per month as a US trader

  • #381
  • Aug 14, 2017 11:02am Aug 14, 2017 11:02am
Let's go long
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  • #382
  • Aug 15, 2017 1:11am Aug 15, 2017 1:11am
Simple math!
I think the most import thing is my account can hold the unwanted trend.
IMO, first trade is not very important: no matter how skillful you are. Some day you will face the formula.

The image: price is 1.65000, and will falling, but I take the first wrong buying trade.......

With grids and equal trade lots, always expecting a 50% retrace to BE
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Be a spectator, not a player
  • #383
  • Aug 15, 2017 1:34am Aug 15, 2017 1:34am
Quoting wiserltz
Simple math! I think the most import thing is my account can hold the unwanted trend. IMO, first trade is not very important: no matter how skillful you are. Some day you will face the formula. The image: price is 1.65000, and will falling, but I take the first wrong buying trade....... With grids and equal trade lots, always expecting a 50% retrace to BE {image}

Can you put increasing grid levels like first 20 pips,then 24,28 32 36 ,, in your calculation sheet and see if it reduces DD. Also it may be help reach the overall 50 pips TP quicker than original 20 grid .
  • #384
  • Aug 15, 2017 1:44am Aug 15, 2017 1:44am
Quoting Skat
{quote} Can you put increasing grid levels like first 20 pips,then 24,28 32 36 ,, in your calculation sheet and see if it reduces DD. Also it may be help reach the overall 50 pips TP quicker than original 20 grid .
Not sure, I need a big account to try this EA, my account is very small.........
Pls find the file and do it youself
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File Type: xlsx grids.xlsx   16 KB | 267 downloads
Be a spectator, not a player
  • #385
  • Aug 15, 2017 2:00am Aug 15, 2017 2:00am
increasing grid gaps will definitely open less orders than original 20 grid to reach 50 pips TP.

Quoting wiserltz
Simple math! I think the most import thing is my account can hold the unwanted trend. IMO, first trade is not very important: no matter how skillful you are. Some day you will face the formula. The image: price is 1.65000, and will falling, but I take the first wrong buying trade....... With grids and equal trade lots, always expecting a 50% retrace to BE {image}

Correct your DD figures as you used micro lot , correct one is
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  • #386
  • Aug 15, 2017 2:10am Aug 15, 2017 2:10am
Quoting Skat
increasing grid gaps will definitely open less orders than original 20 grid to reach 50 pips TP.
Sure is, but by doing this, you are expecting price drop even further to trigger the buy order
Be a spectator, not a player
  • #387
  • Aug 15, 2017 3:01am Aug 15, 2017 3:01am
Quoting Skat
{quote} Can you put increasing grid levels like first 20 pips,then 24,28 32 36 ,, in your calculation sheet and see if it reduces DD. Also it may be help reach the overall 50 pips TP quicker than original 20 grid .
the drawdown will definitely be less. no question about it, when you progressively increase the grid size.

but there might be a price to pay for the less drawdown...
your next level might not trigger.
the rebound of the price may not be enough to take you out of your trades before resume the same direction, thus leave you an ever growing grid more drawdown, and time in trade that could be spent on other opportunity.

alternative:
may consider balancing a progressive grid size, ( ie. larger and larger grid steps) with a progressively growing ( not full martingale!) lot size, to keep an equal chance to be out safely with a price rebound, even if number of pips would not otherwise reach the classic BE number.
there is always, always another trade!!
  • #388
  • Edited 4:56am Aug 15, 2017 3:17am | Edited 4:56am
I backtest the EA, it quite profitable, before a big unwanted trend explode my account, so the big thing is accept the loss at some point, no matter how big the loss is.
For a reference see Davit 's thread: measure the trend, compare it with my account size, and set the exist point, preparing to go with my remain money

Edit: During the test, I took both buy & sell trade at the same time.
Another way to use the grid, which I haven't test yet, using "buy stop", not buy limits.
The "buy stop" is not fixed, I mean, it is not shown on chart, trigger with some conditions, for examples, price drop a certain pips below the grid line, see below image
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  • #389
  • Aug 15, 2017 3:37am Aug 15, 2017 3:37am
Quoting wiserltz
Simple math! I think the most import thing is my account can hold the unwanted trend. IMO, first trade is not very important: no matter how skillful you are. Some day you will face the formula. The image: price is 1.65000, and will falling, but I take the first wrong buying trade....... With grids and equal trade lots, always expecting a 50% retrace to BE {image}
You bring up an important point with your calculation. Without doubt, the RMI-inside candle entry improves your odds of having a good starting point for the system. But we should not forget to focus on the moment, when we have to face a big drawdown (I think, this happens sooner or later, regardless, if the system is traded manually or by EA). An increase of the SL from 200 to 300 pips (50%) for each trade increases your total DD by 218%.

So the goal should also be trying to reduce the SL. This has another advantage: The SL may be hit more often over the years, but it also cares for your positions being closed earlier. Thus, new signals can be taken earlier as well.

The idea of increasing the grid size didn't improve the results of the system in my tests - the leverage of the recently opened trades is necessary to compensate the earlier opened, losing trades.

Regards, Oliver
  • #390
  • Aug 15, 2017 5:15am Aug 15, 2017 5:15am
Quoting osfx
{quote} You bring up an important point with your calculation. Without doubt, the RMI-inside candle entry improves your odds of having a good starting point for the system. But we should not forget to focus on the moment, when we have to face a big drawdown (I think, this happens sooner or later, regardless, if the system is traded manually or by EA). An increase of the SL from 200 to 300 pips (50%) for each trade increases your total DD by 218%. So the goal should also be trying to reduce the SL. This has another advantage: The SL may be hit more...
Oliver,
let me try to add here an idea as well...( and note i am trading on similar principles, but not by RMI, and not by inside candle)

one way to reduce SL might be that after a certain number of entries on one or few start to take partial profit.
will reduce total profit, might reduce total recovery to be/profit, but will result in less drawdown, and time in drawdown too, free up some margin, and give a chance that if there is some sideways move bofore/instead of a sharp pullback then some grid levels can come to play in multiple time, in end this can equalize some.

i dont suggest to do this on every single entry, only after X number of grid entry levels,
and on just those selected few lower ones...
please dont ask how all this would look on an EA, i have no clue about programming.
there is always, always another trade!!
  • #391
  • Aug 15, 2017 9:49am Aug 15, 2017 9:49am
Quoting faatkumo
{quote} AUDCAD closed after two entries. EURGBP red arrow shows sell trigger. {image} {image}

Wondering when this was going to close.
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  • #392
  • Aug 15, 2017 11:23am Aug 15, 2017 11:23am
Quoting profitfarmer
{quote} the drawdown will definitely be less. no question about it, when you progressively increase the grid size. but there might be a price to pay for the less drawdown... your next level might not trigger. the rebound of the price may not be enough to take you out of your trades before resume the same direction, thus leave you an ever growing grid more drawdown, and time in trade that could be spent on other opportunity. alternative: may consider balancing a progressive grid size, ( ie. larger and larger grid steps) with a progressively growing...
to the previously discussed topic...
with permission, let me link here a recent post of mine, from my journey, where there is a chart from today ( and little summary).
the chart can be looked as an example, i gave in the quoted post,
the alternative: progressive grid, progressive lot.
https://www.forexfactory.com/showthr...2#post10192432

i am a firm believer that time in trade is important, and the less is better. this type of grid often can address this issue, and help.
however, often not equal grail!!! there is no such!
( time in trade means more exposure to news, new technical setups, weekends, swaps, etc, some of that can work good or bad, but all of that added uncertainty vs the original assumption that trade was entered).
there is always, always another trade!!
  • #393
  • Edited 12:30pm Aug 15, 2017 12:13pm | Edited 12:30pm
Hello,

My backtest from Dezember 2015 to today version 1 with RMI with stupid entry's
TP:100 point
Grid: 100 points

And with TP 225 point
DD 33%
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  • #394
  • Aug 15, 2017 12:50pm Aug 15, 2017 12:50pm
Quoting stevepatt
{quote} GBP/JPY M30 Observations Six Trades have Triggered, Price has broken through Support and chances are we will now get a Test of this Break of Support and we will see Support turn to Resistance. {image}

GBP/JPY M30 Long Trade Result

+50 Pips Net +0.50%

Sixteen Long Trades Triggered - 2520 Pips Draw Down - 25.92% Draw Down - 8 Days to Profit.
Attached Image (click to enlarge)
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  • #395
  • Aug 15, 2017 12:53pm Aug 15, 2017 12:53pm
Quoting stevepatt
{quote} AUD/CAD H1 Short I entered Short after the PullBack to the Low of the Inside Candle. {image}

AUD/CAD H1 Short Trade Result

+50 Pips Net +0.50%

AUD/CAD H1 Long Trade
Attached Image (click to enlarge)
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  • #396
  • Aug 15, 2017 12:54pm Aug 15, 2017 12:54pm
GBP/CAD M30 Long Trade
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  • #397
  • Aug 15, 2017 2:25pm Aug 15, 2017 2:25pm
Quoting profitfarmer
{quote} Oliver, let me try to add here an idea as well...( and note i am trading on similar principles, but not by RMI, and not by inside candle) one way to reduce SL might be that after a certain number of entries on one or few start to take partial profit. will reduce total profit, might reduce total recovery to be/profit, but will result in less drawdown, and time in drawdown too, free up some margin, and give a chance that if there is some sideways move bofore/instead of a sharp pullback then some grid levels can come to play in multiple time,...
Thanks for your input. Especially the idea of getting some pips back in ranging periods sounds smart - I will give it a try in my next tests.
  • #398
  • Aug 15, 2017 2:30pm Aug 15, 2017 2:30pm
Quoting osfx
{quote} Thanks for your input. Especially the idea of getting some pips back in ranging periods sounds smart - I will give it a try in my next tests.
Stevepatt's 16 GJ entry chart ( few posts above) is a good example...bringing in some pips when too many position, like 6-10 already open and the end of the spiral isnt clear...i think a decent option.
there is always, always another trade!!
  • #399
  • Aug 15, 2017 10:58pm Aug 15, 2017 10:58pm
Hey Ryan,

Just started following you. Since you are now with MaverickFX, and they use interactive brokers.. How much leverage does IB allow you to use? Wondering if they offer retail trading or MaverickFX has a huge account with them which allows them to prop trade with IB. Looking for a broker. I also have Oanda, not sure how IB is doing now a days.
  • #400
  • Aug 16, 2017 10:15am Aug 16, 2017 10:15am
Today's video.

- Trading update
- New scalping EA may go live this week!
- Community questions
- Why I still can't recommend retail EA's
- Why I use a 20 pip grid
- Is MaverickFX really worth it?
- Cryptocurrency! Say what?

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