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Attachments: 2 or -500, can we 'cheat' the market?
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2 or -500, can we 'cheat' the market?

  • #21
  • Aug 31, 2018 1:24pm Aug 31, 2018 1:24pm
Quoting Don96
{quote} What are the chances of a 300 pip move on eu In 1 day? The point of closing the position out at 7pm the 1) limits the loss 2) means you can trade the following day, if you leave the position on you can't take trades the following day as you are adding to your risk Does that make sense ? Anyway, I'll see how it goes, it's farfetched and fantasy but at the same time it doesn't seem too hard. If I get to a position of consistently doing 100 a day then I can withdraw it. It could help either discipline and management. It also helps with entries,...
My point is putting a time limit to this strategy actually increases your chances of losing. This should be all out. Full stop or little profit.
I know you will hit -50 or -100 pip loss at your closing time. Then what..25 to 50x good trades just to b/e again.

Your equity will look something like this if you impose time limit. Seen this so many times with this system. You have to let your trades go in order to increase your chances

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  • #22
  • Aug 31, 2018 1:50pm Aug 31, 2018 1:50pm
27 trades won 3 lost TP 2 pips SL 500 pips
Win ratio 90% normal for my scalping, profits not.

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Imo the difference to normal scalping is to cut the loss at max 10 or less
Se trade explorer below for testing this, il leave it up for the weekend
  • #23
  • Sep 3, 2018 11:05am Sep 3, 2018 11:05am
Quoting Don96
#Day 3 - Lot size now at £0.13 and £0.26 respectively. Accounts are both at £60.78 and £61.18.
Day #4
£63.74 and £64.32.

Easy day, nI direction at all on EU, I traded all day today and not just the us session as I'm on holiday and don't want to be sat behind phone chart all afternoon for only us session.

I may have to top up the accounts to about 200 to get past this tiny lot size faze, I'm not bored or it yet but it feels like the value could decrease concentration.

Ill see if I can get a runner on a breakout where possible and not only grab 2 pips per trade
  • #24
  • Edited 7:11am Sep 5, 2018 2:58am | Edited 7:11am
Quoting Don96
{quote} Day #4 £63.74 and £64.32. Easy day, nI direction at all on EU, I traded all day today and not just the us session as I'm on holiday and don't want to be sat behind phone chart all afternoon for only us session. I may have to top up the accounts to about 200 to get past this tiny lot size faze, I'm not bored or it yet but it feels like the value could decrease concentration. Ill see if I can get a runner on a breakout where possible and not only grab 2 pips per trade
Day #5

£65.61 (£67.57) and £67.03 (£70.71)

Had drawdown on eu in the morning, London took a direction and stuck to it, I only traded London because I was out in the afternoon.
  • #25
  • Sep 5, 2018 4:49pm Sep 5, 2018 4:49pm
let me tell you i tried your idea 6 or 7 times yes you will win much but it's will not work at the end ..... in the end price reverse and you will lose everything i still remember aud/usd and usd/cad i bought aud/usd and suddenly dropped untill now more than 500 pips even and other trade on usd/cad also go in direction more than 700 pips without even 1 pip.. and a lot of memories when price reversed against me more than 500 even.... i lost a lot accounts in that experiments .... so don't be happy with temporary profits . market will rape you later :v .... we tried it before of you --- i done that experiments so i have experience with that
  • #26
  • Sep 5, 2018 10:28pm Sep 5, 2018 10:28pm
Quoting Don96
I have wondered for some time if it would be possible to trade around 10 times a day to get 2 pips, wih a SL of 500 .
But who gives a shit really. Lol
  • #27
  • Sep 6, 2018 1:07am Sep 6, 2018 1:07am
Quoting rudy5
{quote} But who gives a shit really. Lol
You clearly, that's why you posted

LOL
  • #28
  • Sep 6, 2018 1:10am Sep 6, 2018 1:10am
Quoting JsCave
let me tell you i tried your idea 6 or 7 times yes you will win much but it's will not work at the end ..... in the end price reverse and you will lose everything i still remember aud/usd and usd/cad i bought aud/usd and suddenly dropped untill now more than 500 pips even and other trade on usd/cad also go in direction more than 700 pips without even 1 pip.. and a lot of memories when price reversed against me more than 500 even.... i lost a lot accounts in that experiments .... so don't be happy with temporary profits . market will rape you later...
I'm just struggling to see how you didn't make 2 pips.

If I can get to £1500, I'll be close to £100 a day, I'll withdraw that each day so at least I'll profit if things go sour.
  • #29
  • Sep 6, 2018 1:14am Sep 6, 2018 1:14am
Quoting Don96
{quote} Day #4 £63.74 and £64.32. Easy day, nI direction at all on EU, I traded all day today and not just the us session as I'm on holiday and don't want to be sat behind phone chart all afternoon for only us session. I may have to top up the accounts to about 200 to get past this tiny lot size faze, I'm not bored or it yet but it feels like the value could decrease concentration. Ill see if I can get a runner on a breakout where possible and not only grab 2 pips per trade
Day #5

£72 ( £74.16) and £81.60 (£86.08)

Got some slippage today on GU.

I am going to remove GU from the list, stupid moves last few days.
  • #30
  • Sep 6, 2018 9:53am Sep 6, 2018 9:53am
Quoting Don96
{quote} You clearly, that's why you posted LOL
yeah.... I find myself turning into a troll the more time I spend on this site
  • #31
  • Sep 6, 2018 11:26am Sep 6, 2018 11:26am
would be interesting to see you do a second account that performs the opposite. put a tp of 500 and a SL of 2 (+ spread?). would be interesting to see what account performs better, the high TP or the low TP. (Discounting spread in the analysis), Without any particular edge or plan they should perform equally in theory, no?
  • #32
  • Sep 6, 2018 12:34pm Sep 6, 2018 12:34pm
is death by 1,000 cuts interesting?
  • #33
  • Sep 6, 2018 1:49pm Sep 6, 2018 1:49pm
Quoting dagoods
would be interesting to see you do a second account that performs the opposite. put a tp of 500 and a SL of 2 (+ spread?). would be interesting to see what account performs better, the high TP or the low TP. (Discounting spread in the analysis), Without any particular edge or plan they should perform equally in theory, no?
well my main account i trade with between 3 and 10 as a SL (usually) and tp for a 100+ most of the time, i figured this is slightly the opposite.

i read a post from a successful member when i first started out, less time in the trade means less risk of letting profit turn to dust, this is taking that theory to extreme and seeing how far it can go, if it fails it fails - i wonder how many people have kept a documented record of how it ran over the course of x days/weeks/months, keeping focus and a proper track may lead the account to live long enough to make withdrawals before blowing.

it may not - i will see if i can find out.
  • #34
  • Sep 6, 2018 1:51pm Sep 6, 2018 1:51pm
Quoting rudy5
{quote} yeah.... I find myself turning into a troll the more time I spend on this site
you clearly like it, otherwise you wouldn't still be posting, unless you have nothing better to do? i have no idea, and i do not care either.
  • #35
  • Sep 6, 2018 4:37pm Sep 6, 2018 4:37pm
this guy has been doing well so far https://www.zulutrade.com/trader/369854/trading

opens up to 8 positions with T/P 6-7 and S/L 150

just waiting for the crash...
  • #36
  • Sep 6, 2018 8:52pm Sep 6, 2018 8:52pm
Quoting dagoods
would be interesting to see you do a second account that performs the opposite. put a tp of 500 and a SL of 2 (+ spread?). would be interesting to see what account performs better, the high TP or the low TP. (Discounting spread in the analysis), Without any particular edge or plan they should perform equally in theory, no?
I think 2 pip S/L would always get taken out, maybe 20 or 30 pips.
  • #37
  • Sep 10, 2018 7:59am Sep 10, 2018 7:59am
not been able to post last couple of days, back from hol and back into work - account at 95 and 75 respectively.

I am now stuck in an EU trade at 1.1562, missed my TP by 0.1, now some BS out of the UK and it flies. BORING
  • #38
  • Sep 10, 2018 9:58am Sep 10, 2018 9:58am
one loss will wipe out how many wins? OMG!
If you just want 2 pips.. There are other ways with less risk!
The only system that will work is one designed by and for yourself.
  • #39
  • Sep 12, 2018 4:28am Sep 12, 2018 4:28am
Doing good Don96
Do us a favor and turn it into 1k. Good experiment.

I drifted far from your system and lock in profits real early, works better for me, so this the last post on the drift and how i have tuned so far (not to cuter your thread).
Break even set at 1.25 triggered when price up 2.5 pips, no SL but alarm at 2% risk so can have a look and decide what to do, wont let anything run 2 far into the red, if no trades open i let it the AI open one (I set the trend direction manually no filters, really should set a no trade and remove all stops if spread jumps ie news etc.)
  • #40
  • Sep 12, 2018 1:10pm Sep 12, 2018 1:10pm
Quoting Don96
I have wondered for some time if it would be possible to trade around 10 times a day to get 2 pips, wih a SL of 500 - Account blow out. haters will hate for the thread, but its a test, I DO NOT recommend trading this way nor do I trade this way - the theory is, how hard can it be to make 2 pips before you lose 500? if you think of it in reverse, it is simply having a 2 pip SL and 500 TP and getting it right. I will try it with 2 accounts, both at £25 each, one with a 250p SL and one with a 500p SL. I will manually close the trades at 7pm UK time...

It depends on where you enter the trade. Buying on monthly lows and selling on highs should do the trick, but placing trades randomly I would says that the occurrence of 1 losing trade in 250 will have quite a high chances, probably the odds of this are 1 (certain)
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