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Give me some comments on my method

  • #1
  • First Post: Sep 15, 2017 2:26am Sep 15, 2017 2:26am
I would like to get some feedback.

On 01 September 2017, I made some changes to my method and I use 1 lots as the fixed component.

It was around 10K+ initially. As of now, it is almost 40K realised profit and 9K unrealised profit.

I will be trying out for next 3 months before proceeding to real account.
Signed Off, XBK
  • #2
  • Sep 15, 2017 2:44am Sep 15, 2017 2:44am
What is the system or method.
  • #3
  • Sep 15, 2017 2:53am Sep 15, 2017 2:53am
Yes the yen pairs, and especially PoundYen together with GBP have had some explosive upmoves lately.

Best of luck with your approach!!
  • #4
  • Sep 15, 2017 3:05am Sep 15, 2017 3:05am
Quoting XiiaObaKakiA
I would like to get some feedback. On 01 September 2017, I made some changes to my method and I use 1 lots as the fixed component. It was around 10K+ initially. As of now, it is almost 40K realised profit and 9K unrealised profit. I will be trying out for next 3 months before proceeding to real account.

I recommend back testing the method over many months of data before risking significant real money, it could be you have been lucky with some biggish moves this month.
I live entirely from the growth of my personal trading account
  • #5
  • Sep 15, 2017 3:28am Sep 15, 2017 3:28am
Quoting GuyBaker
{quote} I recommend back testing the method over many months of data before risking significant real money, it could be you have been lucky with some biggish moves this month.
Useless post , as usual.
"I recommend back testing the method over many months of data before risking significant real money " : banal sentence, taken by Babypips .
" it could be you have been lucky with some biggish moves this month " :
when Guybaker earns , the reason is because he's clever.
when another trader earns , the reason is because he's lucky.
  • #6
  • Sep 15, 2017 6:15am Sep 15, 2017 6:15am
Quoting Price
Yes the yen pairs, and especially PoundYen together with GBP have had some explosive upmoves lately. Best of luck with your approach!!
Thank you!

I am trading all all kind of currency paid, gold, silver and bitcoin. You can check my trade explorer out to give me more feedback.
Signed Off, XBK
  • #7
  • Sep 15, 2017 6:16am Sep 15, 2017 6:16am
Quoting GuyBaker
{quote} I recommend back testing the method over many months of data before risking significant real money, it could be you have been lucky with some biggish moves this month.
Hi, I couldn't backtest because I am not using any EA. Those are manually executed with alert set to indicator with certain signal. This is why I am planning to test for upcoming 3 months.
Signed Off, XBK
  • #8
  • Sep 15, 2017 6:17am Sep 15, 2017 6:17am
Quoting redoktober
{quote} Useless post , as usual. "I recommend back testing the method over many months of data before risking significant real money " : banal sentence, taken by Babypips . " it could be you have been lucky with some biggish moves this month " : when Guybaker earns , the reason is because he's clever. when another trader earns , the reason is because he's lucky.
Will 3 months suffficient for forward testing? you can refer to my trade explorer to give me more feedback. I trade on various currency paid. Oh yes, before 01 Sep 2017,I use EA
Signed Off, XBK
  • #9
  • Sep 15, 2017 9:13am Sep 15, 2017 9:13am
Quoting XiiaObaKakiA
{quote} Hi, I couldn't backtest because I am not using any EA. Those are manually executed with alert set to indicator with certain signal. This is why I am planning to test for upcoming 3 months.
If you have a clear set of rules for entry then you could create a back test. Even three months is not very much data, but hey in the end it's your money, I am only suggesting what I would do.
I live entirely from the growth of my personal trading account
  • #10
  • Sep 15, 2017 9:15am Sep 15, 2017 9:15am
Ok I see your trade explorer now. It looks like you take a lot of trades and hold them for hours and days while most of them go well into profit.

I see your other thread now as well. Should you go live??

I think that testing and back testing is nice, but you need to be able to do the same thing live. Of course the market conditions would be different, but do you think you can take the trades and "hang onto the trades" with real money at stake?? That is the biggest question. No amount of "testing" can test for that.

If you feel that you have a good method for getting into and holding onto good trades, then I think I would start with some real money right now, while the market is September hot. Your trade list looks good enough to try with a reasonable amount of money because, that is where the real "testing" takes place.

Cheers
  • #11
  • Sep 15, 2017 9:22am Sep 15, 2017 9:22am
Quoting Price
Ok I see your trade explorer now. It looks like you take a lot of trades and hold them for hours and days while most of them go well into profit. I see your other thread now as well. Should you go live?? I think that testing and back testing is nice, but you need to be able to do the same thing live. Of course the market conditions would be different, but do you think you can take the trades and "hang onto the trades" with real money at stake?? That is the biggest question. No amount of "testing" can test for that. If you feel that you have a good...

Your point about discipline when using real money is of course valid. For me proving an edge actually exists over a large set of data is the best way to have sufficient confidence to stick to a plan.
I live entirely from the growth of my personal trading account
  • #12
  • Sep 15, 2017 10:51am Sep 15, 2017 10:51am
You made great results, but remember psicology, emotions can move profits trade to lose trades. Try to follow a method and not move SL and TP without logical think (supports and resistances).
  • #13
  • Sep 15, 2017 11:40am Sep 15, 2017 11:40am
Quoting Price
Ok I see your trade explorer now. It looks like you take a lot of trades and hold them for hours and days while most of them go well into profit. I see your other thread now as well. Should you go live?? I think that testing and back testing is nice, but you need to be able to do the same thing live. Of course the market conditions would be different, but do you think you can take the trades and "hang onto the trades" with real money at stake?? That is the biggest question. No amount of "testing" can test for that. If you feel that you have a good...
I feel better to trade forex than stock market. That's because the queue number always affected our feeling. I don't mind holding the losses because I know what I am doing. Sometimes before starting to work, I can have negative 3K. When I come back from work, it's positive 10K.

I really dont don't think that I manage to trade so well because I am in luck. This is because I do not trade on just one currency pair. I trade on several of them. Just what I feel.
Signed Off, XBK
  • #14
  • Sep 15, 2017 11:41am Sep 15, 2017 11:41am
Quoting alesh
You made great results, but remember psicology, emotions can move profits trade to lose trades. Try to follow a method and not move SL and TP without logical think (supports and resistances).

I do not move SL or TP. The most is I move to reduce SL or TP. That's all.
Signed Off, XBK
  • #15
  • Sep 15, 2017 12:12pm Sep 15, 2017 12:12pm
Quoting XiiaObaKakiA
{quote} I feel better to trade forex than stock market. That's because the queue number always affected our feeling. I don't mind holding the losses because I know what I am doing. Sometimes before starting to work, I can have negative 3K. When I come back from work, it's positive 10K. I really dont don't think that I manage to trade so well because I am in luck. This is because I do not trade on just one currency pair. I trade on several of them. Just what I feel.
Trade as you feel, the force is strong in this one , you may have some innate talent that enables you to pick which pairs and when to enter, I know I do not have such a talent I depend on maths and computers to calculate where and when I should enter.
I live entirely from the growth of my personal trading account
  • #16
  • Sep 16, 2017 4:13am Sep 16, 2017 4:13am
1st all of, I want to know details about your trading method! But I like your updating strategy! Really, it’s very important to update trading strategy in regular basis! There is nothing link fixed here, so trading with a fixed trading system is not a good decision! On the other hand, before starting your live trading with a particular trading method, you need to practice in demo for enough number of session, hope you did this in your demo.
  • #17
  • Sep 16, 2017 9:56am Sep 16, 2017 9:56am
Quoting GuyBaker
{quote} Trade as you feel, the force is strong in this one , you may have some innate talent that enables you to pick which pairs and when to enter, I know I do not have such a talent I depend on maths and computers to calculate where and when I should enter.
I was taught by someone. He uses the method in equities market and it works. So I try to change a bit and use it on forex. I don't have any talent. Haha.
Signed Off, XBK
  • #18
  • Sep 16, 2017 10:05am Sep 16, 2017 10:05am
Quoting XiiaObaKakiA
{quote} I was taught by someone. He uses the method in equities market and it works. So I try to change a bit and use it on forex. I don't have any talent. Haha.

Bon chance
I live entirely from the growth of my personal trading account
  • #19
  • Sep 16, 2017 9:19pm Sep 16, 2017 9:19pm
Quoting Majeeda
1st all of, I want to know details about your trading method! But I like your updating strategy! Really, it’s very important to update trading strategy in regular basis! There is nothing link fixed here, so trading with a fixed trading system is not a good decision! On the other hand, before starting your live trading with a particular trading method, you need to practice in demo for enough number of session, hope you did this in your demo.
I use only Moving Average and MACD.

I have practiced on demo for past two weeks. But uncertain about how long I should practice. :]
Signed Off, XBK
  • #20
  • Sep 16, 2017 9:28pm Sep 16, 2017 9:28pm
Attach a screenshot as to where you entering and where you have exited successfully.

Keeping it simple is always good. As you are doing it manually.
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