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PipsAccumulator

  • #1
  • First Post: Sep 18, 2021 3:26pm Sep 18, 2021 3:26pm
Foreign Exchange is a very attractive market to operate in. The market is big, very liquid and leverage is available. Various category of players want a piece of the profits.Cental banks, multinational corporations, Speculators, commercial inerests, lhedge funds and of course the small email players.
The small retail trader is at the bottom of the pyramid. So he needs to be smarter than the rest to make money.
I am a retail trader.
I developed a sound and profitable methodology for engaging with the forex market. This methodology is hat I call P IPSACUMULATOR.
I hope to share details of my methodology.
Let's begin the ride
  • #2
  • Sep 18, 2021 3:51pm Sep 18, 2021 3:51pm
I have been studying the forex market for more than 10 years and I found out that the best way to make money is to follow the trend.
You have a greater chance of success by following the trend than by trading against the trend.
  • #3
  • Sep 18, 2021 4:00pm Sep 18, 2021 4:00pm
The trend is your friend. Etch this fact in your mind because it's mostly true. But you need to understand the way trends develop and how to trade with the trend.
I use a simple methodology to determine the trend in the market at any given moment.
Apply 5EMAclose and 10EMAclose to your price chart.

If 5EMA>10EMA , trend is bullish.
If 5EMA<10EMA, trend is bearish.

This is all I use to determine the trend in the market.
However how to engage the market and profit from the trend is another matter.
  • #4
  • Sep 18, 2021 4:17pm Sep 18, 2021 4:17pm
MA crossovers don't work again because everyone now has a price terminalon their desk. But we can still make money with these same MAs by cutting out the noise. How do we do this?

I trade stictly on daily charts.

Itake all trading decisions based on the daily chart.
This fact is very important.
By 5PM New York Close, all parties playing in the market must have taken a position. Everyone gets the same data - open,high,low,close. The data is the same from the big banks to the small retail trader like me. So we have the same data to work with at the New York Close.
The big banks that push prices must have shown their hand before the close.
The daily chart is an equalizer
  • #5
  • Sep 18, 2021 4:32pm Sep 18, 2021 4:32pm
One of the reasons most traders lose is impatience. A trader can overcome their impatience if they commit to strictly tade he daily charts. The daily chats calms you down. Cuts out all the noise. Gives you the freedom you desire to pursue other interests and solves the problem of over trading..

I started trading forex online because I wanted to enjoy the freedom to make money on my terms.

I don't think I should tie myself to my chair all day watching charts to make money.

I still watch charts during the day, but just to process the payment data .I don't take any major decisions until New York Close.

And I also have the freedom not to watch the chart at all until the next New York Close .

My decision to trade strictly from the daily charts has helped me to overcome over trading which is the bane of most forex traders.
  • #6
  • Sep 18, 2021 4:43pm Sep 18, 2021 4:43pm
PIPSACUMULATOR is a robust trading methodology that can be used to profit from any tradable security that is very liquid and available for trading at a low transaction cost.

So using the above parameters, I trade all the major FX pairs(28), gold,siover ,wti,

I think you can find profitable opportunities in these liquid pairs at any given time.

TODAYS SUMMARY
1. MARKET TO TRADE: ALL MAJOR FX PAIRS, GOLD,SIOVER,WTI
TIMEFRAME: DAILY CHARTS
INDICATORS: 5EMAclose, 10EMAclose, Price Bar(open,high,low,close)
  • #7
  • Sep 18, 2021 4:58pm Sep 18, 2021 4:58pm
A veyv important parameter of the PIPSACUMULATOR methodology is the risk and money management rules.

My rule is simple:

Maximum Risk per trade = 1% of account equity.

I have front tested this methodology in live markets for several years and my models confirm that risking only 1% of your capital per trade will help the trader to handle the inevitable greed and fear that afflicts all traders.

If a trade ends in a loss, a trader can will kly forget the loss and move on to find another profitable opportunity.

If the trade ends in profit, the trader gets more confident trading the system and sticking with the parameters. And the profits are not ovrsized to cause overconfidence.

This is a cliff that traders have to avoid.

When a trader is fearful, they freeze and cannot pull the trigger when a profitable trading opportunity comes around .

When a trader is overconfident and gets greedy, they think they cannot fail and let down their guards.

This risk and money management rule is sacrosanct:
DO NOT RIDK MORE THAN 1% OF YOUR TRADING CAPITAL ON ANY ONE TRADE.
  • #8
  • Sep 18, 2021 5:06pm Sep 18, 2021 5:06pm
I have to stop here for today. It's late in my time zone 23.00.

I tried to build a foundation for my understanding my methodology today.

If you have any questions please feel free to post it. I will try to answer them before market open tomorrow.

Also I shoulld be able to provide all the parameters of PIPSACUMULATOR before markets open tomorrow..
Good night everyone.
  • #9
  • Sep 18, 2021 6:29pm Sep 18, 2021 6:29pm
Thank you for sharing your knowledge with us. Please do share your entry and exit criteria so we can better understand and follow along.
  • #10
  • Sep 18, 2021 8:04pm Sep 18, 2021 8:04pm
Quoting bpola
MA crossovers don't work again because everyone now has a price terminalon their desk. But we can still make money with these same MAs by cutting out the noise. How do we do this? I trade stictly on daily charts. Itake all trading decisions based on the daily chart. This fact is very important. By 5PM New York Close, all parties playing in the market must have taken a position. Everyone gets the same data - open,high,low,close. The data is the same from the big banks to the small retail trader like me. So we have the same data to work with at the...
Idont get it the concept, can you show a chart with entry based on your system ?
2% target/Month !
  • #11
  • Sep 19, 2021 3:45am Sep 19, 2021 3:45am
Hello bpola
The trading method you shared looks good, I have a few questions to ask:
1. When opening a position, the price of the 5-day EMA may have been far away from the moving average. How do you judge the specific opening time?
2. When the market starts to reverse, if you wait until the 5th EMA meets the 10th EMA, there may be little profit or loss, then how do you set up the liquidation?
Thank you so much for sharing
I am a friend from China
  • #12
  • Sep 19, 2021 11:17am Sep 19, 2021 11:17am
Good day Ladies and gentlemen. Below is a summary of the PPIPSACUMULATOR TRADING METHODOLOGY.


PPIPSACUMULATOR TRADING METHODOLOGY.

1. MARKETS :
All major currency pairs.
If a financial security is very liquid and available for trading at a low transaction cost, PPIPSACUMULATOR can be used.

TIMEFRAME: DAILY CHARTS.

3. INDICATORS:
5EMAclose, 10EMAclose, Daily Bar Parameters,(open,high,low,close)

4. ENTRY RULES
TO BUY:
* 5EMA >10EMA
* Daily bar must form a lower low
*Look to buy on resumption of the bullish trend.
Place a BUY STOP ORDER 1 PIP above the high of the pullback bar that formed a lower low. Continue to rework your order until market executes your order or the trend changes.

TO SELL
*5EMA < 10EMA
* Daily Bar must form a higher high.
* Look to sell on resumption of the bear trend.
Place a SELL STOP ORDER 1 PIP below the low of of the retracement bar that formed a higher high. Continue to rework your order until market executes your order or the trend changes.

5. RISK/MONEY MANAGEMENT RULESRisk
Maximum Risk per trade = 1% of Capital.

6. TRADE MANAGEMENT.

Stop Loss = Daily Bar Local maxima/minima + 3 PIPS.

Take Profit 1 = Stop loss Range( take 50% of profit)

Move stop Loss to break even after taking partial profits.

Take Profit 2 = 3 X Stop loss Range

Trailing Stop Loss :
On the open of the fifth(5th) day after trade execution, adjust the stop Loss to the maxima/minima of the previous 3 daily bars.
Continue to adjust your trailing Stop Loss technique until stopped out or Take Profit 2 Hit.
  • #13
  • Sep 19, 2021 11:27am Sep 19, 2021 11:27am
PPIPSACUMULATOR is a robust trading methodology which I have front tested in live markets with very interesting results.

I done see the value in posting results of backtesting as a lot of system are curve fitted to show the results that suits the audience.

I prefer front testing in live markets.

I will post some charts of new setups.

Though I trade with PIPACUMULATOR in will live account, I will attach a new Demo Accoun to this forum t to track the results from setups am taking.
  • #14
  • Sep 19, 2021 11:35am Sep 19, 2021 11:35am
Quoting LiuFangBin
Hello bpola The trading method you shared looks good, I have a few questions to ask: 1. When opening a position, the price of the 5-day EMA may have been far away from the moving average. How do you judge the specific opening time? 2. When the market starts to reverse, if you wait until the 5th EMA meets the 10th EMA, there may be little profit or loss, then how do you set up the liquidation? Thank you so much for sharing I am a friend from China
The summary of my trading methodology should answer your question.

I will post some charts which we can analyse together. Hopefully you will understand my methodology better.
  • #15
  • Sep 19, 2021 12:27pm Sep 19, 2021 12:27pm
A very good setup I took over the last few days. First entry: Place Buy Stop ,1 PIP above September 10 bar,
executed on September 13
I took 50% profits before close of the day and moved stop Loss to break even.
Stopped out on September 14.
Another lower low on September 15.
Place buy stop 1 PIP above daily bar,
executed on September 16,
took 50% profit before close of day and moved Stop Loss to break even.
We now have a risk free profit of at least 2X risk.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210919-181310.png Size: 65 KB
  • #16
  • Sep 19, 2021 12:37pm Sep 19, 2021 12:37pm
Quoting bpola
The trend is your friend. Etch this fact in your mind because it's mostly true. But you need to understand the way trends develop and how to trade with the trend. I use a simple methodology to determine the trend in the market at any given moment. Apply 5EMAclose and 10EMAclose to your price chart. If 5EMA>10EMA , trend is bullish. If 5EMA<10EMA, trend is bearish. This is all I use to determine the trend in the market. However how to engage the market and profit from the trend is another matter.
Hi bpola, thanks for sharing. I appreciatie your work. I like the logic. You forgot to include 1 type of market; ranging market. With ema's as indicator you will be slaughtered in a ranging market. How do you deal with this?

Happy pipping and best regards.
BT
  • #17
  • Sep 19, 2021 12:37pm Sep 19, 2021 12:37pm
New Setup on EurJpy.
I will place my Sell Stop Order 1 PIP below the last daily bar immediately market opens tonight

Stop Loss 3 PIPS above the same candle.

*** DO NOT RISK MORE THAN 1% OF YOUR CAPITAL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210919-183108.png Size: 65 KB
  • #18
  • Sep 19, 2021 12:40pm Sep 19, 2021 12:40pm
New setups developing on GbpJpy, AudCad, AudJpy, EurAud,EurNzd,GbpNzd,NzdCad,UsdJpy pairs

Check these out for potential profitable opportunities.

Drop your comments, questions and observation.

Stay Safe, Stay Green.
  • #19
  • Sep 19, 2021 12:49pm Sep 19, 2021 12:49pm
Quoting BataviaTrade
{quote} Hi bpola, thanks for sharing. I appreciatie your work. I like the logic. You forgot to include 1 type of market; ranging market. With ema's as indicator you will be slaughtered in a ranging market. How do you deal with this? Happy pipping and best regards. BT
Thank you for your beautiful comments and encouragement.
My live tests showed me that the methodology is robust enough to handle ranging markets.
Moreover, all the major currency pairs will not range at the same moment.
There will always be a trending currency pair or security.

Moreover I am risking only 1%of my capital per trade,so if any trade ends in a loss I am sute the next trade will make the money back and if not,the next trade or the next trade.

Stay Green.
  • #20
  • Sep 19, 2021 2:46pm Sep 19, 2021 2:46pm
Hi bpola, thanks for sharing. Are you considering the tails, or just the body of the candles?
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