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  • #6,381
  • Mar 7, 2020 1:55am Mar 7, 2020 1:55am
Quoting seller9
Here is the first of many test to come of the new S9 Currency Trader. Those of you who have pre-ordered the Currency Trader hold tight as I make sure everything is OK before I send it out. Last night I managed to get started on the testing with one test using the HM and RSI combination. Below is a screen shot of what it looks like and at the Web Site you will find a video on how I set it up. {image} http://seller9.net/PayPal_Software.html
Hi selle9,

Currency Trader P4 has an error and not playing.
  • #6,382
  • Mar 7, 2020 2:42am Mar 7, 2020 2:42am
Quoting JustUncleL
{quote} I use a homemade Thai chilli sauce on my eggs in the morning...that seems to work...LOL All jokes aside.. Actually this is not the only setup that is showing good potential, I have a few S9_Cycle_Trader_TS and S9_Basket_Trader_TS setups also showing promise. I believe it is better to not rely to heavily on just one setup in the long term, because what works on today's market may not still work on tomorrow's market.

Hi JustuncleL

Yes you are absolutely correct.
Success is derived through diversification and that means running several (at least 3 to 5), orthogonal (uncorrelated) strategies at the same time.

Orthogonality is derived through:

1) trading different FX pairs
2) trading different time frames
3) trading different strategies
4) trading different sessions (Asia, London, NY)
5) applying different money management styles.

etc...

This is one of the reasons so many people fail. Discussions with many brokers over the years confirmed to me that approximately 96% of people fail.. People that fail typically trade the same old strategy on the same time frame, all of the time.. and they start underfunded.. Ask me , i know.. In 1997 I traded the "Cable" (GBP/USD) on M15 TF, with a single strategy and after 9 months gave up and realized I was an idiot and knew nothing. This is what really got me started to understand what it would take to be successful..

Trading is a numbers game, .. you gotta do as many small trades as possible, that are as orthogonal to each other as possible over your trading lifetime. You dont need to have large winners. You just need a small edge in your favor.. many Hedge Funds typically only have a 5% edge. That means they win 55% of the time,. all they do is run as many small trades consecutively on book as possible and make sure they are from orthogonal strategies and they follow strict risk management criteria (e.g manage stop losses and risk per trade)

Once you realize what it takes to be successful, you see that this game is not "light music", its freaken difficult to pull off.. it takes a lot of concerted effort, dedication, blood, sweat and tears and it will push you to use automated execution technology like Seller9's amazing Dashboard and Tool set. Without an automated DB it will be virtually impossible to make a success of this.. This is the key ... Automated high frequency trading... Ask me , i know.. I lived it, breathed it and dreamed it for 10 years. I saw it in action and i know it works best in this way..

In any case, enough rambling for one day..

have a great weekend..

H
  • #6,383
  • Mar 7, 2020 8:24am Mar 7, 2020 8:24am
Quoting Jstan
{quote} Hi selle9, Currency Trader P4 has an error and not playing.
There is no Currency Trader P4, never has been, what are you smoking?
  • #6,384
  • Mar 7, 2020 10:15am Mar 7, 2020 10:15am
Quoting HMuller1971
{quote} Hi JustuncleL Yes you are absolutely correct. Success is derived through diversification and that means running several (at least 3 to 5), orthogonal (uncorrelated) strategies at the same time. Orthogonality is derived through: 1) trading different FX pairs 2) trading different time frames 3) trading different strategies 4) trading different sessions (Asia, London, NY) 5) applying different money management styles. etc... This is one of the reasons so many people fail. Discussions with many brokers over the years confirmed to me that approximately...
thanks for sharing this.
can you ramble at least once a week or every weekend?
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,385
  • Mar 7, 2020 10:18am Mar 7, 2020 10:18am
Quoting seller9
{quote} There is no Currency Trader P4, never has been, what are you smoking?
lol, Jstan please elaborate so Seller9 can understand.
post pictures to clarify the confusion
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,386
  • Mar 7, 2020 11:04am Mar 7, 2020 11:04am
Quoting lananpips
{quote} lol, Jstan please elaborate so Seller9 can understand. post pictures to clarify the confusion
At my age a picture would help. LOL

I figured it out now.

Currency Trader "VIDEO" Part 4 was bad.

I uploaded it again and it seems to be working now.

Sorry for my screw up. LOL

Sometimes it takes a while to get through to me.
  • #6,387
  • Edited 2:03pm Mar 7, 2020 12:16pm | Edited 2:03pm
Quoting lananpips
{quote} thanks for sharing this. can you ramble at least once a week or every weekend?

hehehe...

Man, you dont want me to get started,...

My wife says I talk too much and that I say in 3000 words what i could have said in 30 ..
She is Ukrainian and at school and University they get taught to think with logic only (no emotions) and that "conciseness in the mother of success"
Its very different from what I was thought at school.. to express your feelings and to also take your emotions into account, blah , blah...
The Russians and Ukrainians are very interesting. They get to the point very quickly and cut out all fluffy BS immediately..

In any case., I will try to ramble from time to time.. but I don't want to get onto Seller9's bad books.. He is a tough guy.. Have you guys heard his voice?? He sound just like Clint Eastwood )

But what I do want to impress on members here is that you guys are absolutely on the right path with using a DB such as what Seller 9 has developed.
Because it allows you to:

1) Automate your trading --> therefore eliminates the emotions when taking trades and allows for entry logic to be applied precisely every time.
2) Do basket trading --> put on a basket of positions at the same time.
3) Manage your risk for each of the FX pairs --> e.g TP and SL and TSL and Basket EL.
4) Manage aspects of money management and exposure --> e.g. NRML, ....

however there are several other aspects of risk and money management that I would have loved to see included like:

a) Gross Exposure so you can understand how much Notional Exposure (gearing on equity) you are using.. In the Hedge Fund environment this is typically not more than 500% (more than 500% and you are seen as a cowboy and large institutional investors will not be interested in investing in your fund as you are seen as having a large "blow up risk").
You can calculate this manually as follows:

Gross Exposure = ((sum of all Lots at any given time) * 100 000) / Account Equity) *100 -----> which gives you a percentage.

If for instance your account equity = 10,000 and your (sum of all Lots at any given time) * 100 000) = 45,000 then your
Gross Exposure = (45 000 / 10 000) *100 = 450%. This means your exposure to the FX market on that specific time is 4.5 x larger than your account equity,
or put in another way: you have $10 000 in your account but you are exposing your account to $45 000 worth of FX trades in the market. You are therefore deploying 4.5 x more than you actually have.

Seller9, if you will be so kind as to add this small feature mentioned above (Gross Exposure) to the DB it will be greatly appreciated and very good for users to see how much risk they have at any given time for a strategy.

b) 95% one day VAR, Measures the likely worst case risk of loss you can expect 5% of the time (worst case in every 20 days). This is a specialized and complex topic and is not meant for this thread

c) Proper Money Management using the Kelly Criterion -- > you guys can go and read about this,.. Google:
Edward Thorpe https://en.wikipedia.org/wiki/Edward_O._Thorp
Ralph Vince: The Mathematics of Money Management
these two guys are freaken geniuses when it comes to Money Management. Just topic C will keep you busy for years..


4) Allows you to do higher frequency trading --> do many trades at the same time.



Ok guys,.. time to shut up..

Have a great weekend.

regards

H
  • #6,388
  • Mar 7, 2020 12:50pm Mar 7, 2020 12:50pm
Quoting seller9
{quote} At my age a picture would help. LOL I figured it out now. Currency Trader "VIDEO" Part 4 was bad. I uploaded it again and it seems to be working now. Sorry for my screw up. LOL Sometimes it takes a while to get through to me.
great
there you go.
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,389
  • Mar 7, 2020 1:49pm Mar 7, 2020 1:49pm
Quoting HMuller1971
{quote} hehehe... Man, you dont want me to get started,... My wife says I talk to much and that I say in 3000 words what i could have said in 30 .. She is Ukrainian and at school and University they get taught to think with logic only (no emotions) and that "conciseness in the mother of success" Its very different from what I was thought at school.. to express your feelings and to also take your emotions into account, blah , blah... The Russians and Ukrainians are very interesting. They get to the point very quickly and cut out all fluffy BS immediately.....
ok.

first off, you're right about Seller9's voice, I used to watch his videos when i'm getting ready to logoff at night and it will put me to sleep right away.
its like a meditation thing, like you're listening to Mooji or something haha.

i agree, we are on the right path with the DB for trading, especially the taking our emotions out of the equation.
a lot of traders are automating their trading now and for sure, in the future.

that's a very good idea on the additional money management tool that you brought up.
nice explanation, i'm sure Seller9 is taking notes

thanks again for the link and ideas you are sharing.

enjoy your weekend.
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,390
  • Mar 7, 2020 3:23pm Mar 7, 2020 3:23pm
Gross Exposure is part of the S9 Currency Trader.

A lot of goodies in the S9 Currency Trader.

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  • #6,391
  • Mar 7, 2020 5:44pm Mar 7, 2020 5:44pm
Quoting seller9
Gross Exposure is part of the S9 Currency Trader. A lot of goodies in the S9 Currency Trader. {image}
there it is.
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,392
  • Mar 8, 2020 1:33am Mar 8, 2020 1:33am
Quoting seller9
{quote} At my age a picture would help. LOL I figured it out now. Currency Trader "VIDEO" Part 4 was bad. I uploaded it again and it seems to be working now. Sorry for my screw up. LOL Sometimes it takes a while to get through to me.
Yes, I was referring to the Currency Trader P4 video. It is working now.

Thanks,
  • #6,393
  • Mar 8, 2020 5:46pm Mar 8, 2020 5:46pm
Quoting lananpips
{quote} hi Uncle, I noticed you did not have a TP on your test. Your equity went as high as $216 and nothing was captured? Do you think having a TP will make a difference?
I'm not sure which chart you are referring to? But all my test's do have some sort of TP, at least in the form of EL and sometimes include ADR TP/SL or ADR TSL. Also be aware on Friday I turn the "Go at Profit" condition to "Stop After 1", so the basket closed count gets reset to 0 even though there were a number of EL or BSL hits already.

When I use ADR TSL I don't see the need to also include ADR TP, this allows any runners to continue. I've just started testing this idea, we'll see how it goes this week.
  • #6,394
  • Mar 8, 2020 7:17pm Mar 8, 2020 7:17pm
Quoting JustUncleL
{quote} I'm not sure which chart you are referring to? But all my test's do have some sort of TP, at least in the form of EL and sometimes include ADR TP/SL or ADR TSL. Also be aware on Friday I turn the "Go at Profit" condition to "Stop After 1", so the basket closed count gets reset to 0 even though there were a number of EL or BSL hits already. When I use ADR TSL I don't see the need to also include ADR TP, this allows any runners to continue. I've just started testing this idea, we'll see how it goes this week.
i see.
but this is the one that i was referring to:
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When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,395
  • Mar 8, 2020 11:53pm Mar 8, 2020 11:53pm
Quoting lananpips
{quote} i see. but this is the one that i was referring to: {image}
That particular setup hit the BSL twice (-$500) and EL about six times, but the EL target hits were not enough to cover the BSL hits. I don't recommend standalone HM60 nor HM240 filter setups, they tend to have a lot of market exposure. Better to have HM with a secondary filters like RSI and/or something else, there will be more options available with the upcoming S9_Currency_Trader Dashboard release.
  • #6,396
  • Mar 9, 2020 10:34am Mar 9, 2020 10:34am
Quoting JustUncleL
{quote} That particular setup hit the BSL twice (-$500) and EL about six times, but the EL target hits were not enough to cover the BSL hits. I don't recommend standalone HM60 nor HM240 filter setups, they tend to have a lot of market exposure. Better to have HM with a secondary filters like RSI and/or something else, there will be more options available with the upcoming S9_Currency_Trader Dashboard release.
ok got it.
thanks for your recommendations Uncle.
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,397
  • Mar 9, 2020 2:27pm Mar 9, 2020 2:27pm
Clint has posted some more videos at the Web Site.

Still running Currency Trader through its evaluation.

http://seller9.net/PayPal_Software.html

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  • #6,398
  • Mar 9, 2020 3:00pm Mar 9, 2020 3:00pm
Quoting seller9
Clint has posted some more videos at the Web Site. Still running Currency Trader through its evaluation. http://seller9.net/PayPal_Software.html {image}
thank you Clint
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,399
  • Mar 9, 2020 5:03pm Mar 9, 2020 5:03pm
My Setups for the day:

Today was absolutely a crazy day on global FX and stock markets..

Believe me,... many many may people lost their shirts today..
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  • #6,400
  • Mar 9, 2020 6:16pm Mar 9, 2020 6:16pm
So i set up a week long runner to start on the week open with a spread of 4 just to compare those of you running baskets and waiting for the market to calm down. Wow don't think this open was the best example of anything, and ended way better than expected .01 NrmL topping $190 overnight?!? I think this week will be a throw away (or lesson learned) but will still keep it running for the week. Moving forward maybe we keep a list of market conditions vs setups? As i type that i think that's too much for a spreadsheet, perhaps in the back of our head over the next year we can comment our thoughts on market conditions vs setups.

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