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My Bat from team aphid trades

  • #1
  • First Post: Apr 24, 2007 8:40pm Apr 24, 2007 8:40pm
Hello team,

I really like The Bat strategy by team aphid. just to give something back, I will post my BAT Trades on this thread if somebody needs clarification or something.

This is a great community that we all have duty to give something back to.

Zalak
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  • #2
  • Apr 25, 2007 2:21am Apr 25, 2007 2:21am
Post several past trades with enter and exit points, please. With charts, if yo can.

THANK YOU!
  • #3
  • Apr 25, 2007 2:35am Apr 25, 2007 2:35am
Quoting zalakinc
Hello team,

I really like The Bat strategy by team aphid. just to give something back, I will post my BAT Trades on this thread if somebody needs clarification or something.

This is a great community that we all have duty to give something back to.

Zalak
Good on you!
What pairs will you be trading?
  • #4
  • Apr 25, 2007 7:35am Apr 25, 2007 7:35am
I will only be trading GBP/USD at this time. once I have traded it in GBP/USD for six months, I will add another pair.
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  • #5
  • Apr 27, 2007 7:23am Apr 27, 2007 7:23am
Allright, the first trade is here....

First of all, I will clear up somethings. I will also post my money management rules/account progress also.

Initial Account balance - $1000

Risk per trade - $25

I will only trade GBP/USD.
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  • #6
  • Apr 27, 2007 7:26am Apr 27, 2007 7:26am
Entry 1.9930

Stop loss - 1.9854

Target - break below blue ATR Line

Since FIb level 161.8 was breached before retracement to 61 nad 38 fib levels, trade 2,3 and 4 cant be taken.

I use MIG data feed, so your pip levels might be a bit different.
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  • #7
  • Apr 29, 2007 7:39pm Apr 29, 2007 7:39pm
allright, the previous trade stopped out at 1.9940. The new trade is here:

short entry 1.9940

stop loss 1.9996

target: other side of the bat line
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  • #8
  • Edited 11:10pm Apr 30, 2007 10:47pm | Edited 11:10pm
Quoting zalakinc
allright, the previous trade stopped out at 1.9940. The new trade is here:

short entry 1.9940

stop loss 1.9996

target: other side of the bat line
This one stopped out at 1.9986. for a loss of 46 pips.

Trade 2 and 3 worked out ok....both were positive.

Trade 2 - entry short 1.9957 stop loss 1.9996 target 1.9939

Trade 3 - entry 1.9968 stop loss 1.9996 target 1.9939

both ended positive....

Net result - $43.1 positive on $1000 account for the month about 4.31% return . Considering I started trading on 4.24 its not a bad return.
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  • #9
  • May 2, 2007 7:47am May 2, 2007 7:47am
Hello All,

There was one trade that opened and closed yday with profit of 11 Pips.

Long Entry 04-30 1600 GMT 1.9985

Exit 05-01 1600 GMT 1.9996

Current account value: 1047.1

Once my account value reaches $1250, I will deposit $750 more to make it $2000.
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  • #10
  • Edited 4:19pm May 2, 2007 2:52pm | Edited 4:19pm
MY MONEY MANAGEMENT STRATEGY

I started out with Level 1 - $1000

after $125 in gains by risking $25 per trade....

Level 2 - I add $750 to make my account balance $2000

after $250 in gains by risking $50 per trade

Level 3 - I add $1750 to make account balance $4000

after $500 in gains by risking $100 per trade

Level 4 - I add $3500 to make account balance $8000

after $1000 in gains by risking $200 per trade

Level 5 - I add $7000 to make account balance $16000

after $2000 in gains by risking $400 per trade

Level 6 - I add $2000 to make account balance $20000

after this stage, I will not add any more of my own money to my account. I will give up this strategy if account balance drops below $10000. so 50% drawdown. Level 7 level 8 and so on would be basically If I have 20% in gains, I will risk 20% more. and keep increasing that way. I will take out 40% of my gains of the month every month and spend it. other 60% will be reinvested....of which 20% is counting towards tax payments at the end of the year.

If at any level, I have 10% or so drawdown, I will go back a level. that way I decrease my position on a drawdown to protect my capital.

My goal is to move up one or two levels a month.

Lets see if i can reach a million dollars!!!!! You will be the first to know
Contact me for Custom Indicators/EAs.
  • #11
  • May 3, 2007 1:32pm May 3, 2007 1:32pm
Quoting zalakinc
MY MONEY MANAGEMENT STRATEGY

I started out with Level 1 - $1000

after $125 in gains by risking $25 per trade....

Level 2 - I add $750 to make my account balance $2000

after $250 in gains by risking $50 per trade

Level 3 - I add $1750 to make account balance $4000

after $500 in gains by risking $100 per trade

Level 4 - I add $3500 to make account balance $8000

after $1000 in gains by risking $200 per trade

Level 5 - I add $7000 to make account balance $16000

after $2000 in gains by risking $400 per trade

Level 6 - I add $2000 to make account balance $20000

after this stage, I will not add any more of my own money to my account. I will give up this strategy if account balance drops below $10000. so 50% drawdown. Level 7 level 8 and so on would be basically If I have 20% in gains, I will risk 20% more. and keep increasing that way. I will take out 40% of my gains of the month every month and spend it. other 60% will be reinvested....of which 20% is counting towards tax payments at the end of the year.

If at any level, I have 10% or so drawdown, I will go back a level. that way I decrease my position on a drawdown to protect my capital.

My goal is to move up one or two levels a month.

Lets see if i can reach a million dollars!!!!! You will be the first to know
Are you using micro lots?

With mini lots your risk would be much higher than $25, in particular when you have to add to the position on fib levels
Regards
  • #12
  • May 3, 2007 2:06pm May 3, 2007 2:06pm
Quoting howard
Are you using micro lots?

With mini lots your risk would be much higher than $25, in particular when you have to add to the position on fib levels
I use oanda, and in oanda 100 units is 1 cent per pip. so basically If i have 50 pips stop loss, I simply buy/sell 5000 units to make 1 pip worth 50 cents. My focus is always on risk (in terms of dollars) per position. so if i need 25 pips stop loss, and risk per position is $25 then I buy 10000 units to make one pip worth $1. hope that makes sense.
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  • #13
  • May 3, 2007 3:22pm May 3, 2007 3:22pm
Trades from yday and today

Short entry 1.9995
05-01 1600
Exit

05-03 0800 1.9913

82 pips profit

Long entry 05-03 0800 GMT 1.9913
Long Entry 1.9900 Time I forgot

Long entry 1.9891 Time I forgot

All of them stopped out for loss at 1.9883

Current account balance after these positions: $1036.10
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  • #14
  • May 3, 2007 3:57pm May 3, 2007 3:57pm
I think to make this thread more educational, I will cover other areas of trading too...that would be system selection, psychology etc....

When i try to follow this Bat system by Team Aphid, many times the price will be like 200 pips in my favor but the indicator would be so far behind....that I get nervous and try to just close the position right there and then. 200 pips profit....wooowwww......too good to handle. as I am used to just seeing negative pips all the time. but then I remember the advice from so many traders here and my mentor rob booker....just follow the system. follow the ssytem. what helps is i try to think about the negative consequences of not following the system, the disappointment in my wife's eyes...and that motivates me a lot.

The pleasures associated with following the system to the T

Private charter plane
Freedom to what i want
being the richest in the family
proving to hundreds of ppl who said this is impossible

The Pain associated with not following the system

Account washout
I MIGHT have to look for a J.O.B
humiliation that i couldnt prove that impossible is possible
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  • #15
  • May 3, 2007 4:09pm May 3, 2007 4:09pm
Good idea to post these thoughts. I think it will really help you.

One other important thing about not following a system is that if you deviate from the rules of that system then there is no way you can expect similar results to those backtested.
For me this is one of the hardest areas of discipline and I have to continuously work on it!!!!
Good luck!
  • #16
  • May 3, 2007 5:35pm May 3, 2007 5:35pm
Quoting Antra
Good idea to post these thoughts. I think it will really help you.

One other important thing about not following a system is that if you deviate from the rules of that system then there is no way you can expect similar results to those backtested.
For me this is one of the hardest areas of discipline and I have to continuously work on it!!!!
Good luck!
Good point. Thanks. Also, posting my account value and trades here makes me stick to my committment.
Contact me for Custom Indicators/EAs.
  • #17
  • May 5, 2007 3:06am May 5, 2007 3:06am
Here are the trades with time in GMT for Thursday and Friday

Short Entry 1.9883 Stop loss 1.9956 05-03 1500 GMT

Stopped out for loss at 1.9903

Pips - (-20)

Account Value - $1029

currently there is one trade open

Long entry 1.9902
Stop loss 1.9832
Its currently positive about 20 pips. still open.
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  • #18
  • May 5, 2007 3:14am May 5, 2007 3:14am
Today I got to thinking about one hurdle i faced sometime back when trying to be disciplined about trading. its the issue of instant gratification. we live in a society of 60 second lunches, instant credit of $20k etc etc....so whenever we do something right, we feel like we need to see the result right away.

I recently read somewhere about hwo they train race car drivers. one of the first lesson they teach them is to focus on the road. You see when you start spinning out of control.....the coach trains your eye to focus on the road...if u follow ur instinct and try to keep looking at the wall...guess what, you will crash into the wall! You see, there is one deep reasoning why we do that.....because even if steer in the right direction....there is a bit of lag time between steering right and the car correcting from the spin. since we dont see the result of our action right away, we might start fearing the wall and crash into it. trading is the same way, once u start trading right...i.e. steer and focus in the right direction...there might be couple of months before you really start seeing the results of your actions. how you motivate yourself during this lag period is very crucial.
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  • #19
  • May 7, 2007 12:56pm May 7, 2007 12:56pm
Another trade closed just now....

Long GBPUSD entry 1.9902 05/04 1300 gmt
Stopped out at 1.9935

Account balance - $1041.1

I hope I get my 125 dollars in profit this month so that I can move on to level 2 of my money management ladder.
Contact me for Custom Indicators/EAs.
  • #20
  • May 7, 2007 3:44pm May 7, 2007 3:44pm
Quoting zalakinc
Today I got to thinking about one hurdle i faced sometime back when trying to be disciplined about trading. its the issue of instant gratification. we live in a society of 60 second lunches, instant credit of $20k etc etc....so whenever we do something right, we feel like we need to see the result right away.

I recently read somewhere about hwo they train race car drivers. one of the first lesson they teach them is to focus on the road. You see when you start spinning out of control.....the coach trains your eye to focus on the road...if u follow ur instinct and try to keep looking at the wall...guess what, you will crash into the wall! You see, there is one deep reasoning why we do that.....because even if steer in the right direction....there is a bit of lag time between steering right and the car correcting from the spin. since we dont see the result of our action right away, we might start fearing the wall and crash into it. trading is the same way, once u start trading right...i.e. steer and focus in the right direction...there might be couple of months before you really start seeing the results of your actions. how you motivate yourself during this lag period is very crucial.
I'm enjoying your thread and your thoughts on psychology. I think you're definitely heading down the right road. Keep it up.
Mr. Trend
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