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Building an equity millipede

  • #7,361
  • Aug 18, 2019 10:19am Aug 18, 2019 10:19am
Quoting VEEFX
{quote} How the hell would I know? He just disappeared after his last post! What else do you want to know that is not clearly and repeatedly conveyed in all his posts? It appears free information is not good to most until we pay someone to hear the same shit. "Cut losers short and let winners run to grow Equity" is as old as Stone age! Graeme showed us how as well. I doubt you will ever read anything more elsewhere.
Man, how are you? I remember your aggressive millipede trading many years ago.
  • #7,362
  • Aug 21, 2019 4:36pm Aug 21, 2019 4:36pm
Hello everyone. I'm really close to making what I would consider a "holy grail" trading system based on the principles discussed in this thread. It would require I trade all 28 Forex pairs and have an entry method where I don't lose more than 10 - 20 pips (10 for less volatile pairs and 20 for more volatile pairs) per day on average for 1 position that survives the daily price fluctuation. I'm not sure if that is possible but if i can make it work, I would be able to make money in the worst market condition. I'm looking for a mechanical entry method that would make this possible so any help is appreciated. Thanks
  • #7,363
  • Aug 24, 2019 5:16am Aug 24, 2019 5:16am
Quoting berkan
gream I genuinely tested this for 3 years and now I'm using it and it works. Thank you I read the pdf for 6 times
Can you share what entry method you used? Thanks
  • #7,364
  • Sep 5, 2019 12:25pm Sep 5, 2019 12:25pm
h4 uçuculuğu kırılması, ema 200, 00, tabii ki w1 yönü ile
  • #7,365
  • Sep 9, 2019 10:07am Sep 9, 2019 10:07am
Quoting systemchaser
Hello everyone. I'm really close to making what I would consider a "holy grail" trading system based on the principles discussed in this thread. It would require I trade all 28 Forex pairs and have an entry method where I don't lose more than 10 - 20 pips (10 for less volatile pairs and 20 for more volatile pairs) per day on average for 1 position that survives the daily price fluctuation. I'm not sure if that is possible but if i can make it work, I would be able to make money in the worst market condition. I'm looking for a mechanical entry method...

Let's play again!!

is your system always in market? or do you have discretionary entries and exits?

Im planning to re-enter my old fashion adaptations of millipede.

Peace and Pips!!
  • #7,366
  • Sep 9, 2019 7:30pm Sep 9, 2019 7:30pm
Quoting babyforecast
{quote} Let's play again!! is your system always in market? or do you have discretionary entries and exits? Im planning to re-enter my old fashion adaptations of millipede. Peace and Pips!!
I'm looking for an entry method. Exits and money management are taken care of
  • #7,367
  • Sep 16, 2019 8:56am Sep 16, 2019 8:56am
Hello,

I have been experimenting for the last weeks with this method, so far I have good results, I have some legs. But considering my jobs requirements I cannot stack in low timeframe, I will have one position with stop move to be but then later in the day when i check the price I see that my position is in green but the price moved away from me. As a result, as PipEasy said it: you will win but not rich win.

If someone is in the same situation as myself, how do you overcome this problem?
  • #7,368
  • Nov 15, 2019 10:29pm Nov 15, 2019 10:29pm
I have not tried it yet... Thanks
  • #7,369
  • Nov 16, 2019 6:35am Nov 16, 2019 6:35am
how many different currency pairs are you trading and which ones?
  • #7,370
  • Mar 15, 2020 12:06pm Mar 15, 2020 12:06pm
Please read over and over again after entries, excursion, participation, growth; you will understand its value over time, despite its volatile breaks, moving averages, or flying buddha, repeating dozens of times in these articles ...
  • #7,371
  • Jun 20, 2020 3:01pm Jun 20, 2020 3:01pm
Quoting dodomir
Graeme Posts Only. Complete With All Charts. {image} {image} {image} {image} {image} {image} {image} {image} {image}
@dodomir,

i saw on your profile that you are still online.. your last online is 30 hours ago..
thank you very much for the PDF file...
especially because the pipEASY's chart is not available anymore on imageshack
thanks for your effort.. wish you luck on your trading and real life... God bless you..
  • #7,372
  • Jun 30, 2020 2:42am Jun 30, 2020 2:42am
Quoting Gambler180
Someone mentioned that the millipede strategy is feast or famine and famine most of the time, but the thing is that with the millipede strategy the feasts are exponentially bigger than the famines. just store up a lot of food so you wont have a famine the next time that the harvest is small/0 Also remember to use fundamental analysis. I know that Graeme didn't and it worked for him but I think that many people could benefit from looking at the fundamentals instead of just looking at charts. I'm currently long USD/JPY and EUR/JPY. This...
Sorry for digging up an old reply, but it would be interesting to know how did you progress with your account? Have you had the patience to build your equity? Thank you, Daniel
I have no clue where it's going
  • #7,373
  • Jul 3, 2020 12:41pm Jul 3, 2020 12:41pm
Quoting vasilyZ
{quote} @dodomir, i saw on your profile that you are still online.. your last online is 30 hours ago.. thank you very much for the PDF file... especially because the pipEASY's chart is not available anymore on imageshack thanks for your effort.. wish you luck on your trading and real life... God bless you..
Thank you very much, the concept of pipEASY is very reasonable, but still difficult to implement because of psychological factors, discipline, persistence and ability to read price action. To be a successful trader is very very very difficult !!!
  • #7,374
  • Edited 1:14pm Jul 3, 2020 12:46pm | Edited 1:14pm
Who can trade this. Just kidding
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 91 KB
  • #7,375
  • Jul 10, 2020 2:26pm Jul 10, 2020 2:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: 10 july 2020.png Size: 162 KB

I've tried to make sense of this stuff since 2004, and perhaps only when I'm close to 40 years old, I'm slowly beginning to have the patience and discipline...

16 years ago, there'd be no chance for me to lose this many positions and hold the winners for so long.

This is a tiny account, as Oanda allows trading down to individual units. I brought down this account from £40 by trying out random stuff to about £16, but when it was at about £24 I started risking 1/5th of my total position both ways, moving the 30 pip trailing stop to break even, and then letting the winners run. Entry at first was just everytime price turned round by 10 pips, but now I'm working on limiting entries (especially against the trend of the 4hr swing) to allow the equity to grow faster.

Something I came to, and started searching threads on adding to winners, and came across this thread. Very interesting, especially the psychology side.

Best wishes,

Daniel
I have no clue where it's going
  • #7,376
  • Jul 21, 2020 10:33am Jul 21, 2020 10:33am
The concept of pipEASY is great in trending market and difficult in sideways market. The trader have to adapt to changing market conditions and change his trading behavior from trade to trade. It can be done but it is very difficult, that's why most traders fail, they cannot adapt. Forget about indicators, the price is the leading indicator. The bars on the chart tells a story about emotions of the other traders. The best traders are like psychologists, they can understand what is going on on other traders mind and trade accordingly. Sorry for my poor English.
  • #7,377
  • Jul 21, 2020 11:42am Jul 21, 2020 11:42am
Quoting dodomir
The concept of pipEASY is great in trending market and difficult in sideways market. The trader have to adapt to changing market conditions and change his trading behavior from trade to trade. It can be done but it is very difficult, that's why most traders fail, they cannot adapt. Forget about indicators, the price is the leading indicator. The bars on the chart tells a story about emotions of the other traders. The best traders are like psychologists, they can understand what is going on on other traders mind and trade accordingly. Sorry for my...
dodomir:
In reality pipEASY was more eluding to this:
JUST TRADE, DON'T THINK.

When u look at the exercises he provided you can clearly see that he was trying to inculcate the idea that it was more important that you followed your plan more so than winning or losing. Look at the horizontal line exercise. All you do is trade whenever price crosses a line. You keep doing this over and over and over without regard to what the market is doing.

This to me makes a lot of sense. It you calculate the numbers you will find that even with a 50% win rate and with a 1% risk plus a 1:2 ratio, that in about 20 trades you will end up with a 10% increase.

The only requirement is that you find a descent approach. He picked a simple approach, the crossing of a horizontal line.

There is not much more to it. Am I doing this? YES!! But in my case I found that trading once a day is more than enough. What is my performance?
Well let me put it this way. I have passed prop firm challenges... with no sweat and best of all no thinking LOL.

Peace hope this provides some insite..
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,378
  • Jul 22, 2020 6:59am Jul 22, 2020 6:59am
Quoting xmess7
{quote} dodomir: In reality pipEASY was more eluding to this: JUST TRADE, DON'T THINK. When u look at the exercises he provided you can clearly see that he was trying to inculcate the idea that it was more important that you followed your plan more so than winning or losing. Look at the horizontal line exercise. All you do is trade whenever price crosses a line. You keep doing this over and over and over without regard to what the market is doing. This to me makes a lot of sense. It you calculate the numbers you will find that even with a 50% win...
Hi xmess7

Can you point to the horizontal line exercise?

Thanks

All the best

Swnlobo
  • #7,379
  • Jul 22, 2020 10:03am Jul 22, 2020 10:03am
If somebody follow equity millipede strategy, it is spectacular on EURUSD these days.
  • #7,380
  • Edited 11:00am Jul 22, 2020 10:38am | Edited 11:00am
To find low risk entries is not so difficult, the difficult part of this strategy is not to close profitable positions when the market is against you. The entry is not a big problem, the question is when to exit. If I may summarize the strategy, low risk entries on lower time frame (5 minute) for example, exits on daily or weekly chart.
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