Did you close some lost trade during the trend? I did some backtest for your post orders from 10/1-10/10 but only gain about 140 pips.
Do you have any guide to close these losing orders?
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Joined Sep 2006
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Status: Your a Son of a PIP
|94 Posts
futurefuture, I hold all positions until i'm in profit. I am using micro lots and i'm not ready to reveal all aspects to my style yet. I believe 6 months of forward testing should reveal if its worth doing. There's not much more i can tell beyond whats in my posts.
Quoting futurefuture
Disliked
Thanks twinchell and Typruss.
Typruss,
Did you close some lost trade during the trend? I did some backtest for your post orders from 10/1-10/10 but only gain about 140 pips.
Do you have any guide to close these losing orders?
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Joined Sep 2006
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Status: Your a Son of a PIP
|94 Posts
USD/JPY B @ 119.78
USD/JPY S @ 119.33
USD/JPY S @ 119.24
USD/JPY B @ 119.79
USD/JPY S @ 119.06
USD/JPY S @ 119.00
USD/JPY B @ 119.15
USD/JPY S @ 118.54
USD/JPY S @ 118.30
Closed out Sell Trades @ 118.13 and Buy Trades @ 118.10
Total Profit $148.88 $35.58 in neg swaps. Total -swap is $113.30 So another 4.6% on account starting balance. Total % increase since oct 1 14.6666% on account.
USD/JPY B @ 119.78
USD/JPY S @ 119.33
USD/JPY S @ 119.24
USD/JPY B @ 119.79
USD/JPY S @ 119.06
USD/JPY S @ 119.00
USD/JPY B @ 119.15
USD/JPY S @ 118.54
USD/JPY S @ 118.30
Closed out Sell Trades @ 118.13 and Buy Trades @ 118.10
Total Profit $148.88 $35.58 in neg swaps. Total -swap is $113.30 So another 4.6% on account starting balance. Total % increase since oct 1 14.6666% on account.
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Joined Sep 2006
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Status: Your a Son of a PIP
|94 Posts
Yes, I have tested all the majors and alot of the exotics. The USD/JPY works best for the pip level and margin requirements, and daily average pip movement.
USD/JPY B @ 119.78
USD/JPY S @ 119.33
USD/JPY S @ 119.24
USD/JPY B @ 119.79
USD/JPY S @ 119.06
USD/JPY S @ 119.00
USD/JPY B @ 119.15
USD/JPY S @ 118.54
USD/JPY S @ 118.30
Closed out Sell Trades @ 118.13 and Buy Trades @ 118.10
Total Profit $148.88 $35.58 in neg swaps. Total -swap is $113.30 So another 4.6% on account starting balance. Total % increase since oct 1 14.6666% on account.
Ignored
Typruss,
Congratulations. An excellent result so far.
Can you test your system (on a demo account) for Euro /USD ?
I am becoming intrigued by this model.
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Joined Sep 2006
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Status: Your a Son of a PIP
|94 Posts
jacko, I will try to demo test that pair on Monday. The backtest's for Eur/Usd weren't as good as USD/JPY but you never know until you forward test. So let me give it a go.
Quoting jacko
Disliked
Typruss,
Congratulations. An excellent result so far.
Can you test your system (on a demo account) for Euro /USD ?
I am becoming intrigued by this model.
jacko, I will try to demo test that pair on Monday. The backtest's for Eur/Usd weren't as good as USD/JPY but you never know until you forward test. So let me give it a go.
Ignored
Thanks Typruss,
I think that the key to your model is that it works best in strong trending uni-directional markets.
However, it is always nice to find interesting new strategies so I look forward to you posting more successful results in the future.
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Joined Sep 2006
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Status: Your a Son of a PIP
|94 Posts
Although i agree that most systems perform the best in strong trending markets, My strategy takes advantage of stacking the trades in my favor while ranging. So when the big breakout happens i make out like a bandit just as if the market were trending.
Quoting jacko
Disliked
Thanks Typruss,
I think that the key to your model is that it works best in strong trending uni-directional markets.
However, it is always nice to find interesting new strategies so I look forward to you posting more successful results in the future.
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Joined Sep 2006
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Status: Your a Son of a PIP
|94 Posts
I haven't posted here for a while. Although this strategy has made me a profit, around $450.00 in a month. Upon further backtesting using my brokers data. I have found times back 2004 and as recent as sept through Oct of 2005 that would have busted the largest accounts. I have been lucky that the market behavior has favored my style. But it pains me to have to admit that over time it will fail and give up the ghost like many good stategies have in the past. So going forward, i will not give up on forex yet. I have been testing a new system that incorporates this style with a breakout strategy based on hourly charts for the GBP/USD. So far the backtesting has looked very promising. I have started to forward test this as of last night. So far so good. I made a decent profit of about 200 bucks. So here we go again with the LIVE trades.
I haven't posted here for a while. Although this strategy has made me a profit, around $450.00 in a month. Upon further backtesting using my brokers data. I have found times back 2004 and as recent as sept through Oct of 2005 that would have busted the largest accounts. I have been lucky that the market behavior has favored my style. But it pains me to have to admit that over time it will fail and give up the ghost like many good stategies have in the past. So going forward, i will not give up on forex yet. I have been testing a new system that incorporates this style with a breakout strategy based on hourly charts for the GBP/USD. So far the backtesting has looked very promising. I have started to forward test this as of last night. So far so good. I made a decent profit of about 200 bucks. So here we go again with the LIVE trades.
