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My Live Trades by Al

  • #41
  • Nov 6, 2006 7:55am Nov 6, 2006 7:55am
I want to register my current vision here and refer to it from time to time. It would be interesting to see how my vision might change in the future.

1. Forex Trading is a Serious Business
I'm not trading forex to gamble or play a computer game. I trade Forex to make money.

2. Discipline
I'll stick with my trading plan and avoid flip flopping

3. Managing Emotions
This is more of psychology of trade. There are good days and bad days in trading. I promise myself not to get very excited with ups and not despaired with downs.

4. Preserving Capital
I'll do my best not to lose substantial amount of money in short term. This will help me to avoid gambling.

5. Growth of Capital
I'll do my best to grow my account in long term.

6. Use of Appropriate Tools
I use my TA and FA knowledge along with MM techniques and mechanical trading to fullfil my mission. I won't ignore professional advice and think carefully about every relevant piece of information I receive.

7. Sharing Information
I share what I know with others to help them grow and enjoy their trading career.

8. Learning is an Ongoing Process
I won't stop learning new techniques and ideas.<!-- / message --><!-- sig -->
  • #42
  • Nov 8, 2006 8:38am Nov 8, 2006 8:38am
I think i got it to work just one question does it automatically execute the trades or do you have to manually do them. Is there a way to automaticall have them executed if not. I want to try it out on a demo I think this might be something good. Please reply and thanks a lot

PipJunkie
  • #43
  • Nov 8, 2006 8:46am Nov 8, 2006 8:46am
Quoting PipJunkie
I think i got it to work just one question does it automatically execute the trades or do you have to manually do them. Is there a way to automaticall have them executed if not. I want to try it out on a demo I think this might be something good. Please reply and thanks a lot

PipJunkie
The EA is a fully automated trader. It enters and exits trades automatically. It also switches the SL to Break Even when the price moves significantly in your favour. Just make sure to enable the automatic trading feature of MT4 and follow the settings mentioned below:
http://www.forexfactory.com/forexfor...09&postcount=1

BTW, it would be a good idea if you ask your questions about the EA through the following thread:
http://www.forexfactory.com/forexfor...ead.php?t=9897

Good Luck,
Al
  • #44
  • Nov 8, 2006 9:13am Nov 8, 2006 9:13am
i think i need to put it to a time period can someone put instruction on that thanks a lot i will post things that work for me in the forum too once they have been tested efficiently enough
  • #45
  • Nov 10, 2006 7:17am Nov 10, 2006 7:17am
Quoting PipJunkie
i think i need to put it to a time period can someone put instruction on that thanks a lot i will post things that work for me in the forum too once they have been tested efficiently enough
The correct time period is 15 minute charts.
  • #46
  • Nov 11, 2006 4:57pm Nov 11, 2006 4:57pm
I lost over 100 pips this week. Seven out of 13 closed trades ended up to losses. Here is the report.

http://www.fxnewstrader.com/fximages...nov12-2006.jpg

As you can see the biggest looser was AUDUSD. One of the reason to poor results is that I closed two of my trades last week on Friday. My interference with the behaviour of the system turned a winner week to a loser week. I won't do that again.
  • #47
  • Nov 11, 2006 5:03pm Nov 11, 2006 5:03pm
The overall activity of the EA is promising. The system has traded 65 trades in 5 weeks (15 trades per week). The winrate is 40/65 or rather 61.54%. It's a little bit below the backtest average but it has not closed 100 trades yet. The total profit is 169 pips. I'm very hopeful to make more than that in upcoming weeks. Here is an image that shows a complete list of all trades.

http://www.fxnewstrader.com/fximages...nov12-2006.jpg
  • #48
  • Nov 11, 2006 5:10pm Nov 11, 2006 5:10pm
Losers:

GBPUSD = -179 pips
AUDUSD = -18 pips

Winners:
USDJPY = +31 pips
EURUSD = +57 pips
USDCHF = +278 pips

So far my risk management approach works. If I had traded GBPUSD I could lose 179 pips and if I had traded USDCHF I could win 278 pips but I neither lost that much nor won that much. This means that in general I managed to build a smoother curve of growth. All these pairs are winners in the end (hopefully in less than 1000 trades) so I don't regret to trade any of them. What I'm trying to achieve is a relatively smooth growth.
  • #49
  • Nov 14, 2006 11:22am Nov 14, 2006 11:22am
I decided to reduce my risk level back to 1%. It brings more peace of mind. 3% acted very choppy and I don't like that.
  • #50
  • Nov 17, 2006 12:30pm Nov 17, 2006 12:30pm
I took a quick look at my account about an hour ago. It seems that this week has been a good one. I'll post the results at the end of the day when the market is closed.

Happy Trading.
  • #51
  • Nov 17, 2006 7:24pm Nov 17, 2006 7:24pm
Like you I have also started Forex sometime late 2005. But after my initial loss I have only done demo trading and working over my emotion & knowledge. But! yes I know you have to get your feet wet to succeed in real world. So I am taking the hard path(Long term). I see myself trading fully in 2009...... For the moment I have my full time Job and reading nearly all the trading ebook i could get my hands on and find the time to do it.

An Advice:

I backtested your EA of USDCHF, GBPUSD & AUDUSD. My result dramatically improved when I chaged the t/p from 45 to 85 for swissie, 85 to 113 for cable and 45 to 75 for aussie. Your default setting is having t/p less than s/l. Which IMHO is a MM formula for long term disaster.

I will demo trade these three pairs and let you know the results.

Only if you care.
  • #52
  • Nov 17, 2006 9:16pm Nov 17, 2006 9:16pm
Quoting asbasit
Like you I have also started Forex sometime late 2005. But after my initial loss I have only done demo trading and working over my emotion & knowledge. But! yes I know you have to get your feet wet to succeed in real world. So I am taking the hard path(Long term). I see myself trading fully in 2009...... For the moment I have my full time Job and reading nearly all the trading ebook i could get my hands on and find the time to do it.

An Advice:

I backtested your EA of USDCHF, GBPUSD & AUDUSD. My result dramatically improved when I chaged the t/p from 45 to 85 for swissie, 85 to 113 for cable and 45 to 75 for aussie. Your default setting is having t/p less than s/l. Which IMHO is a MM formula for long term disaster.

I will demo trade these three pairs and let you know the results.

Only if you care.
Thanks very much for your feedback. I definitely do care about every piece of advice I receive. I'll keep your suggestions in mind and will test it ASAP.

Have a nice weekend,
Al
  • #53
  • Nov 17, 2006 9:32pm Nov 17, 2006 9:32pm
This week generated 189 pips for me. Here is the result:

http://www.fxnewstrader.com/fximages...nov18-2006.jpg

The system closed 13 trades. Nine of the trades were winners (winrate 69.23%). The best pair was GBPUSD. As you see it not only saved the week, it covered all losses it had made so far. Apparently my Risk Management technique (i.e. trading several pairs at the same time) works well.
  • #54
  • Nov 17, 2006 9:37pm Nov 17, 2006 9:37pm
Here is a list of all of the trades made by this system.

http://www.fxnewstrader.com/fximages...nov18-2006.jpg

As you can see the system has generated 328 pips in 82 trades taken place in 5 weeks. An average of over 16 trades per week and 4 pips per trade. I'm really happy. I hope it keeps up generating profits in the future.
  • #55
  • Nov 17, 2006 9:42pm Nov 17, 2006 9:42pm
The only overall loser currncy pair is AUDUSD. I hope it makes money in the future. Here are the results.

USDCHF +296 Pips
EURUSD +47 Pips
GBPUSD +4 Pips
USDJPY +4 Pips
AUDUSD -23 Pips
  • #56
  • Nov 17, 2006 10:19pm Nov 17, 2006 10:19pm
Aparsai, I'll post my this weeks resuts soon .
  • #57
  • Nov 18, 2006 1:11am Nov 18, 2006 1:11am
Quoting saaedb
Aparsai, I'll post my this weeks resuts soon .
Thanks very much. I'm looking forward to it. Make sure to post it on "Pip_Boxer" thread.

Have a great weekend
  • #58
  • Nov 18, 2006 1:50am Nov 18, 2006 1:50am
This is an excellent thread and thank you, aparsai, for sharing your code with us!

I understand that the code is in MT4, so is the broker forex.com like I see in the StrategyBuilderFX website? Is there any chance of choosing another broker? The other question is from your understanding of the live and demo trades the program has made so far, what's the slippage and commissions have you seen? Are these 3 pip spreads taken into account? Have you noticed any big differences in results between demo and live trades so far?

Thanks and please continue to post. I'm going to test it out next week. I'm using Tradestation and they currently do not offer forex brokerage yet.
  • #59
  • Nov 18, 2006 6:27pm Nov 18, 2006 6:27pm
Quoting torero
This is an excellent thread and thank you, aparsai, for sharing your code with us!


I understand that the code is in MT4, so is the broker forex.com like I see in the StrategyBuilderFX website? Is there any chance of choosing another broker? The other question is from your understanding of the live and demo trades the program has made so far, what's the slippage and commissions have you seen? Are these 3 pip spreads taken into account? Have you noticed any big differences in results between demo and live trades so far?

Thanks and please continue to post. I'm going to test it out next week. I'm using Tradestation and they currently do not offer forex brokerage yet.
Hi Torero,

There are many brokers that use MT4 including but not limited to MIG, IBFX, Alpari and FXDD.

In backtesting I have accounted the spread and rollover swap, commission and slipage are not counted in. The number of live trades are less than 100 in total so it's too early to compare the results with backtesting but so far they are very similar.

Good Luck with forward testing,
Al
  • #60
  • Nov 18, 2006 10:06pm Nov 18, 2006 10:06pm
After publishing the post "nvwine" one our friends at FF contacted me and notified that I've made some miscalculations. After some back and forth I eventually found out what "nvwine" meant and corrected the image of the report but unfortuanatly couldn't correct the text as it was too late.

Anyway, the correct number of pips that I gained in the last week (Nov 12 to 18) is 159 pips not 189. Thanks nvwine.
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