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Building an equity millipede

  • #7,321
  • Jan 2, 2019 6:41am Jan 2, 2019 6:41am
Quoting Forex.RayV1
{quote} Indeed. So which instrument is on your radar for building millipedes? I'm waiting for the S&P, DOW and Nasdaq to finish the pullback and then I will start to build millipedes shorting those markets.
usdMXN
usdZAR
usdAUD

for now.
  • #7,322
  • Jan 5, 2019 5:46pm Jan 5, 2019 5:46pm
pipEASY says: All my positions have always been 2 standard lots each.
Does anyone know what leverage he was using here, e.g. 100:1, 10:1...?
  • #7,323
  • Jan 7, 2019 7:37am Jan 7, 2019 7:37am
Quoting Forex.RayV1
{quote} Indeed. So which instrument is on your radar for building millipedes? I'm waiting for the S&P, DOW and Nasdaq to finish the pullback and then I will start to build millipedes shorting those markets.
Long gold/silver and short USDJPY can be good strategies. Usually they have seasonal trends at the first months of the year. Regretfully I was too coward to trust my own strategy and missed the best entry points...
"The reason I was born and came into the world is to testify to the truth."
  • #7,324
  • Jan 8, 2019 2:19am Jan 8, 2019 2:19am
Why...i have read all, there is no flying buddha ea, just indicator....any body can help me find this ea?
  • #7,325
  • Jan 8, 2019 1:16pm Jan 8, 2019 1:16pm
Graeme Posts Only. Complete With All Charts.
Attached File(s)
File Type: pdf pipEASY Posts Only With All Charts Part 1.pdf   8.9 MB | 4,542 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 2.pdf   8.9 MB | 2,723 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 3.pdf   8.8 MB | 2,676 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 4.pdf   9.0 MB | 2,543 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 5.pdf   3.8 MB | 2,314 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 6.pdf   5.6 MB | 2,200 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 7.pdf   5.7 MB | 2,174 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 8.pdf   6.0 MB | 2,154 downloads
File Type: pdf pipEASY Posts Only With All Charts Part 9.pdf   2.1 MB | 2,551 downloads
  • #7,326
  • Edited 3:28pm Jan 9, 2019 3:14pm | Edited 3:28pm
Quoting Petex
pipEASY says: All my positions have always been 2 standard lots each. Does anyone know what leverage he was using here, e.g. 100:1, 10:1...?
Post #389
https://www.forexfactory.com/showthr...58#post3901558
pipEASY says: All my positions are 2 standard lots, $20usd per pip.
Which means leverage 1:100.
  • #7,327
  • Jan 9, 2019 4:49pm Jan 9, 2019 4:49pm
No, the leverage is still not clear.
Per position it can be either:

A) 2,000 USD 1:100 = 200,000 USD -> 20 USD per pip
***OR***
B) 20,000 USD 1:10 = 200,000 USD -> 20 USD per pip

So now, is the leverage 1:100 or 1:10?
That's the question :-)

***OR***
C) 4,000 USD 1:50 = 200,000 USD -> 20 USD per pip
  • #7,328
  • Edited 7:58am Jan 10, 2019 1:18am | Edited 7:58am
Quoting Petex
No, the leverage is still not clear. Per position it can be either: A) 2,000 USD 1:100 = 200,000 USD -> 20 USD per pip ***OR*** B) 20,000 USD 1:10 = 200,000 USD -> 20 USD per pip So now, is the leverage 1:100 or 1:10? That's the question :-) ***OR*** C) 4,000 USD 1:50 = 200,000 USD -> 20 USD per pip
1:10 is a very low leverage. you gotta have a lot (more than 10,000$) in your account just to open a single trade on a standard lot.
pipEASY says that he started with a large capital, 6 figure (not millions).
pipEASY says: "From my stats, I currently have 194 positions. All positions SL moved to BE"
194 positions (2 standard lots each) and leverage 1:10 needs a lot of money.
So it definitely means high leverage, maybe 1:100, it is not clear.
Graeme never says what leverage he is using.
  • #7,329
  • Jan 10, 2019 8:14pm Jan 10, 2019 8:14pm
Thank you dodomir. I agree, we can only guess what leverage pipEASY was using. Most likely the leverage was high as you say. Still I do not understand this thread, everything is/was so thoroughly discussed in all details.
But no one ever talks about the leverage which has such a big influence on the so famous "risk/reward ratio". Very strange.
  • #7,330
  • Edited 4:58am Jan 11, 2019 12:32am | Edited 4:58am
Quoting Petex
Thank you dodomir. I agree, we can only guess what leverage pipEASY was using. Most likely the leverage was high as you say. Still I do not understand this thread, everything is/was so thoroughly discussed in all details. But no one ever talks about the leverage which has such a big influence on the so famous "risk/reward ratio". Very strange.
The leverage is not so important. The most important thing is to trade properly, this is a great thread and you can learn a lot about trading here. The charts that pipEASY posted are not available anymore but you can find the charts here on PDF.
https://www.forexfactory.com/showthr...1#post11859571.
Read and learn, it is very interesting thread!
  • #7,331
  • Jan 28, 2019 10:05am Jan 28, 2019 10:05am
I tried today using the method outlined here.

Using leverage 160 approx I managed to be up 26% in one day. I took a couple of losses and one position went to BE.

Maybe just pure luck.
  • #7,332
  • Mar 10, 2019 2:25pm Mar 10, 2019 2:25pm
Quoting chrisdk2017
I tried today using the method outlined here. Using leverage 160 approx I managed to be up 26% in one day. I took a couple of losses and one position went to BE. Maybe just pure luck.
You've completely missed the point of building an equity millipede. Unless I have.
  • #7,333
  • Mar 29, 2019 8:01am Mar 29, 2019 8:01am
Quoting TheGreatMilenko
{quote} You've completely missed the point of building an equity millipede. Unless I have.
The whole point of building an equity millipede is to add positions to the long term trend over a period of weeks and months and stay in the trade for months /possibly years. Not" I tried this today". Dick.
  • #7,334
  • Apr 9, 2019 7:45am Apr 9, 2019 7:45am
it would be interesting to know what trades graeme would take. I use same moving averages than him now watch only monthly and daily charts. I Indentify strong trend on monthly and try to time trades on daily. 200ema to me is same on daily chart than monhtly 10ema.

Easy to see if the overall trend is down or up. I do buy or sell pullbacks even strong ones on daily but i think the most safest spot to trade in a strong trend is to Place buystop order over resistance and sellstop below support that way you should see profits quickly when the trade goes right away your way.

I dont use stoplosses most of the time but if losses gets bigger and bigger and the direction start changing i cut the trade quickly.

profits come so slowly if they do happen. Unless the move get parabolic...
  • #7,335
  • Apr 9, 2019 10:26am Apr 9, 2019 10:26am
entering trades less than daily chart is crazy to me. especially 20pip sl and breakeven when just few pips positive. Way too crazy Trading.. longer term Trading requires so much more time.
  • #7,336
  • May 14, 2019 4:58am May 14, 2019 4:58am
dodomir has done big work.

Does anybody has a book that pipeasy wrote ?
I might be wrong , I have been wrong before
  • #7,337
  • May 21, 2019 7:47am May 21, 2019 7:47am
The fact that people are still reading this thread 9 years later is simply amazing to me. This is my second time through, trying to learn as much as possible. I would also like to know if Graeme ever released that book he was talking about.
  • #7,338
  • May 21, 2019 9:44am May 21, 2019 9:44am
Quoting dodomir
{quote} 1:10 is a very low leverage. you gotta have a lot (more than 10,000$) in your account just to open a single trade on a standard lot. pipEASY says that he started with a large capital, 6 figure (not millions). pipEASY says: "From my stats, I currently have 194 positions. All positions SL moved to BE" 194 positions (2 standard lots each) and leverage 1:10 needs a lot of money. So it definitely means high leverage, maybe 1:100, it is not clear. Graeme never says what leverage he is using.
If you believe what Graeme wrote is true then 194*2=388 standard lots or 38million worth of total exposure. Why don't you give your broker a call and find out if they offer 100:1 leverage on a couple of million dollars in your account and see what response you will get.
Staying in my lane...
  • #7,339
  • May 21, 2019 9:48am May 21, 2019 9:48am
Quoting VEEFX
{quote} If you believe what Graeme wrote is true then 194*2=388 standard lots or 38million worth of total exposure. Why don't you give your broker a call and find out if they offer 100:1 leverage on a couple of million dollars in your account and see what response you will get.

Awesome to see you're still on the thread Vee. Curious, are you still using this strategy? How has it worked for you over the past 9 years? Weird right?!
  • #7,340
  • May 21, 2019 3:30pm May 21, 2019 3:30pm
Quoting MrBeef
{quote} Awesome to see you're still on the thread Vee. Curious, are you still using this strategy? How has it worked for you over the past 9 years? Weird right?!
I left this thread a long time ago. Building long legs had it's charm until I got better at stacking aggressively making 1000+ pips in less than a week trading events. Hope others have found success from this thread. It's the only thread I would recommend reading more than once. I read every post more than a dozen times lol

EDIT: I am no longer trading Spot FX since last September by moving to Futures.

I saw this street in Pittsburgh over the weekend and thought of visiting this thread :-
Attached Image
Staying in my lane...
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