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C-Trader 4% a month for 3 months - results live

  • #1
  • First Post: Edited 11:11am Jul 6, 2007 10:34am | Edited 11:11am
Thanks Merlin for being logical and letting me back on!

People - CTrader is free, so no more coming in and saying I am one of "those".

You can trade the FX market now without ever having to look at an indicator or chart ever again. This system is purely based on simple math.

I am currently testing 3 different versions of it and will post the 2nd best best demo login. I won't post the best yet because there is only 6 weeks of demo testing completed and its a bit more aggressive up 11% in 6 weeks.

The login is at InterbankFX. Here is the demo login info:

1425283
1234CTrader

I have also posted the rules to the system below. I would like to get a thread going in ways to protect against drops in the Carry Trade as seen in February. If you went into safe mode in Feb with C-Trader- you could have seen the account drop 17% (compared to Freedom rocks where conservative accounts were down 60% and normal leverage accounts were blown out)

So let's get some thinking caps on to improve this thing! Thanks
Attached File(s)
File Type: pdf CTrader.pdf   102 KB | 5,884 downloads
  • #2
  • Jul 6, 2007 10:41am Jul 6, 2007 10:41am
Here is a screen shot of the summary of the demo account for those of you who do not have IBFX. I can't post statements on this forum because the file is not one supported by FF. I can email you one if you PM me and want it.

You can see $100k was deposited (this on 4/05/07) It is up over 13%.

This strategy can be run on accounts as little as $1000 if you use the nano lots that are 1 cent per pip. $10k you would run micros (10 cents per pip) and $100k you would run with mini lots ($1 per pip)

A buddy with a large risk appetite is trading like FR leverage and is up 26% in a month, but he will blow up when the carry trade blows up - and it will!
Attached File(s)
File Type: doc C-Trader.doc   92 KB | 1,951 downloads
  • #3
  • Jul 6, 2007 10:43am Jul 6, 2007 10:43am
Here are some questions I got and the answers to hopefully clarify. Can someone also post this to the C-Trader thread at FF since I am banned. I would rather talk on the boards so I only have to respond to a question one time:

"hi,

couple of questions:

in normal conditions with 100K account, if it goes -1K from the most
recent equity high you double the lots to .4

if it goes -4K from most recent equity high or -3K since last time lots
were added you double lots to .8

how far down does it have to go to double to 1.6 lots?

if you are at 1.6 lots you get out when you retrace at +1K from the most
recent equity high where the doubling started?

also, you say you check future prices. number wise, what is 'big' up or
'big' down?"

MY ANSWER:

Correct -

Maintain all adds until the equity increased 1% from the previous high equity point. Then exit all the adds only.
So account at $100k start with .20 lots
Account drops to $99k add a .40 lot to each pair
Account drops to $96k add a .80 lot to each pair
Account drops to $89k add a 1.60 lot to each pair
Account drops to $74k add a 3.2 lot to each pair
etc. each 1% drop per .20 unit and you double up. Does that help?

So if the account drops to $74k and you have added a 3.2 lot - and then the account goes up to $101k then you would exit the .40,.80, 1.6, and 3.2 lots and take those profits.

My demo is at $113k now. So if it drops to $112k then I add another .40 lot. If it drops to $109k then I go to .80 etc

Always calculate your adds and take off from the highest equity point when you monitored the system.

Not sure of a definite description of "big". When the stock market is down over 100 points in the Dow and the Yen and Franc are up over 20 points while the Eur and Pound are down - then it is time to go into safe mode. Does that make sense?
  • #4
  • Jul 6, 2007 10:44am Jul 6, 2007 10:44am
Another Question:

sorry, don't get it.

explain 1% drop per .20 units. there are 13 trades each with .20 units.

show me the equation.

MY ANSWER:

I consider .20 per currency as one unit. So you have 13 currencies with 1 unit of .20 lots. so when you start you are at 1 unit. Remember we look at everything as a whole basket, not individually. So if the basket of .20 pairs were to drop $1k then we would double up on the whole basket. Now you have 13 pairs with .20 lots on and 13 pairs with .40 lots on for a total of 3 units. So in this scenario you would need to wait for the account equity to drop $3k since you have 3 units on at the moment. If the account gets to $96k then you will add another double unit. You will now have a .20 lot on 13 pairs, .40 lots on 13 pairs, and .80 lots on 13 pairs for a total 7 units.
  • #5
  • Jul 6, 2007 10:44am Jul 6, 2007 10:44am
From another forum:

I appreciate you providing this for free, and for your excellent work here. I like this system better than the "Daily Swap" system, which told us to buy more lots when the basket went positive. That seemed to be "buying high", whereas your system here "buys low".

One question I have, which I apologize if you have already answered, but when do you take profit and/or close out all orders? Or is the objective to let the basket run and collect interest?

Thank you.

- Yeah the cool thing about this is that it adds to the basket on the way down, and includes adding to both winners and losers. I have not read the Daily Swap system, maybe there is some things we can add to C-Trader to make it better?

I will always leave the initial position on to collect interest. I will take off the adds once the equity has gained 1% from the previous high point. Here is a scenario:

The account starts at $100k and then goes up to $103k. Then it drops to $102k and I add a .40 lot to every pair in the basket whether winning or losing. Then the account drops to $100k and I add a .80 lot to every pair in the basket. Then the basket rallis to $104k. At that point I would take off the .40 and .80 units and leave the .20 units on. If the account then dropped to $103k I would re-add the .40 unit to every pair in the basket. If the account then goes up to $105k, I would take off the .40 unit and leave the .20 unit on. Does that help?

Do you have a link to the daily swap system? I would like to read it and see if there are any details we can pull from that idea into this one to make this one better?
  • #6
  • Jul 6, 2007 10:45am Jul 6, 2007 10:45am
From another forum:
I'm starting to understand a little, I think. Maybe you could put it in percentages as 100K account is far away from most of us. Let's say we had a 4K account, what lot sizes would you enter initally, and what percentage of drop in the entire basket would you add more lots, and what size lots would you add?

And I assume your overall objective is to grow your account, using both swap rates and pip movement, correct?

Yes the idea is to collect swap on the core position. The theory is that money over time will go to where it is treated best. So over time the currencies that pay more interest will go up. That does not mean though that there won't be violent corrections that can wipe out accounts that are overleveraged. This is the problem with Freedom rocks for example. In February when the carry trade unwound a little - a ton of account blew up. This C-Trader will get hurt when that happens to, but I implemented some rules to still stay in the game if it does. Hopefully you all can come up with some more safety nets for the eventual implosion of the carry trade.

You can trade C-trader with as little as $1000 I would think with 1 cent pips - I think they are referred to as nano lots.

For $1000k accounts you would trade 2 nano lots that trade 1 penny per pip.
For $10k accounts you would start with .02 lots or 2 ten cent per pip units
For $100k you would use 2 minis whic are $1 per pip.

so for $4k account you would start with 8 nano lots or eight 1 cent per pip units.

That help?
  • #7
  • Jul 6, 2007 11:22am Jul 6, 2007 11:22am
Quoting chartguy
Thanks Merlin for being logical and letting me back on!

People - CTrader is free, so no more coming in and saying I am one of "those".

I am currently testing 3 different versions of it and will post the 2nd best best demo login. I won't post the best yet because there is only 6 weeks of demo testing completed and its a bit more aggressive up 11% in 6 weeks.

The login is at InterbankFX. Here is the demo login info:

1425283
1234CTrader

I have also posted the rules to the system below. I would like to get a thread going in ways to protect against drops in the Carry Trade as seen in February. If you went into safe mode in Feb with C-Trader- you could have seen the account drop 17% (compared to Freedom rocks where conservative accounts were down 60% and normal leverage accounts were blown out)

So let's get some thinking caps on to improve this thing! Thanks
ChartGuy,

It is very nice of you to share your strategy with us FF folks. I use a similar carry strategy, but only carry one pair GBPJPY. I average-in by opening an additional position every -100 pips below average price. You may want to use an EA to open additional positions once your basket drops -$1,000.00 in equity overnight.

TimeFreedom
  • #8
  • Jul 6, 2007 11:32am Jul 6, 2007 11:32am
Quoting TimeFreedom
ChartGuy,

It is very nice of you to share your strategy with us FF folks. I use a similar carry strategy, but only carry one pair GBPJPY. I average-in by opening an additional position every -100 pips below average price. You may want to use an EA to open additional positions once your basket drops -$1,000.00 in equity overnight.

TimeFreedom
How long you been doing that? How are the results? Anything you could add to C-Trader from your experience?

My only fear in just one currency or a set pip add is a strong move. Take a look at my demo account and you will see that the CAD position has gone over 1000 pips against me. That is painful, especially if I used a martingale strategy, then I would have blown up.

Do you do a straight add or use martingale in your system? I use the martingale on the whole basket - whether winning or losing at the same time. IT's a way to get diversification and still make money even if one of the pairs move 1000 pips in one direction. I think I have solved the martingale risks. All those martingale systems made a ton of money but eventually blew up when the 1 pair went parabolic in one direction. Eventually it always happens. C-Trader has withstood 1000 pips in the wrong direction and still made money. The only way for this thing to blow up is if every pair of the carry trade basket blew up at the same time. And that is possible. Thus the reason for the safety mode filter check everyday.

Thanks for sharing your method. Would love to see if we can incorporate anything into C-Trader.
  • #9
  • Jul 6, 2007 11:53am Jul 6, 2007 11:53am
Quoting chartguy
How long you been doing that? How are the results? Anything you could add to C-Trader from your experience?

My only fear in just one currency or a set pip add is a strong move. Take a look at my demo account and you will see that the CAD position has gone over 1000 pips against me. That is painful, especially if I used a martingale strategy, then I would have blown up.

Do you do a straight add or use martingale in your system? I use the martingale on the whole basket - whether winning or losing at the same time. IT's a way to get diversification and still make money even if one of the pairs move 1000 pips in one direction. I think I have solved the martingale risks. All those martingale systems made a ton of money but eventually blew up when the 1 pair went parabolic in one direction. Eventually it always happens. C-Trader has withstood 1000 pips in the wrong direction and still made money. The only way for this thing to blow up is if every pair of the carry trade basket blew up at the same time. And that is possible. Thus the reason for the safety mode filter check everyday.

Thanks for sharing your method. Would love to see if we can incorporate anything into C-Trader.
I do not use martingale instead I average-in at a specified amount of pips (-100) away from average price. If I want to be more conservative I can average-in at -200 or even -400 to help reduce drawdown. I do not like the martingale concept and stay away from strategies that use them. I have tested my strategy form '98 - present and the strategy survives using 10K acct. and 0.25 mini lots.

TimeFreedom
  • #10
  • Jul 6, 2007 11:55am Jul 6, 2007 11:55am
Quoting chartguy
I can't post statements on this forum because the file is not one supported by FF.
If you want to post a file that is not supported by the forum you can just zip it.
The forum accept zip files.

Arctic4x
  • #11
  • Jul 6, 2007 12:02pm Jul 6, 2007 12:02pm
Quoting TimeFreedom
I do not use martingale instead I average-in at a specified amount of pips (-100) away from average price. If I want to be more conservative I can average-in at -200 or even -400 to help reduce drawdown. I do not like the martingale concept and stay away from strategies that use them. I have tested my strategy form '98 - present and the strategy survives using 10K acct. and 0.25 mini lots.

TimeFreedom
What were the results in 1998 when the pair went from 237.00 down to 150.00? Interesting to use the average price. That makes sense

I don't like martingale either - except with C-Trader. I martingale the whole basket - whether they are winning or losing, not individual pairs. Check the rules, I think you may end up liking martingale on a whole basket of currencies. It is very risky when you martingale individual pairs based on their individual performance for sure!
  • #12
  • Jul 6, 2007 12:24pm Jul 6, 2007 12:24pm
Quoting chartguy
What were the results in 1998 when the pair went from 237.00 down to 150.00? Interesting to use the average price. That makes sense

I don't like martingale either - except with C-Trader. I martingale the whole basket - whether they are winning or losing, not individual pairs. Check the rules, I think you may end up liking martingale on a whole basket of currencies. It is very risky when you martingale individual pairs based on their individual performance for sure!
ChartGuy,

With my strategy all I need is a 38% retracement to get out of the unwind. Take a look at the enclosed results. I like your strategy and will do some homework over the weekend. You may want to check out this indicator to help you test carry/hedge baskets: http://www.goldenmoneytree.com/forum...pic.php?t=1597

TimeFreedom
Attached File(s)
File Type: zip GBPJPY_Y98-01_IBFX.zip   41 KB | 1,016 downloads
  • #13
  • Jul 6, 2007 12:46pm Jul 6, 2007 12:46pm
We will see large corrections but the carry trade will not die unless interest rates change dramatically. One strategy I use is get in at pull backs and withdraw profits often.
  • #14
  • Jul 6, 2007 1:40pm Jul 6, 2007 1:40pm
Quoting Scientist
We will see large corrections but the carry trade will not die unless interest rates change dramatically. One strategy I use is get in at pull backs and withdraw profits often.
Agree - but those large corrections will blow most retail traders out. Just look at USDJPY in 1998. Dropped 2300 pips in 3 days.

OUCH!
  • #15
  • Edited 1:30am Jul 10, 2007 1:04am | Edited 1:30am
I appreciate what your trying to put together. I really like your strategy and I will start a demo account as well and keep you posted on my indidivual results. I did some FR trades before as well and got out before February.

also I logged in your demo.. is the swap I see on the trade tab monthly swap amounts? thanks
Thanks
  • #16
  • Jul 10, 2007 11:49am Jul 10, 2007 11:49am
Quoting gio9
I appreciate what your trying to put together. I really like your strategy and I will start a demo account as well and keep you posted on my indidivual results. I did some FR trades before as well and got out before February.

also I logged in your demo.. is the swap I see on the trade tab monthly swap amounts? thanks
Thanks
No the swap you see next to each trade is accumulated since the trade was put on. It adds swap daily to the amount.
  • #17
  • Jul 17, 2007 10:00am Jul 17, 2007 10:00am
Update. 14.8% in 3.5 months on the main strategy
Screen shot of the results attached.

Secondary test has gone just under 2 months and is up 13.3%
Attached File(s)
File Type: doc CTrader.doc   106 KB | 631 downloads
  • #18
  • Jul 17, 2007 10:42am Jul 17, 2007 10:42am
Quoting chartguy
Agree - but those large corrections will blow most retail traders out. Just look at USDJPY in 1998. Dropped 2300 pips in 3 days.

OUCH!
could you please post the chart? what happened on those days? thanks
  • #19
  • Jul 17, 2007 10:49am Jul 17, 2007 10:49am
Quoting chartguy
Update. 14.8% in 3.5 months on the main strategy
Screen shot of the results attached.

Secondary test has gone just under 2 months and is up 13.3%
ChartGuy,

Great results. I haven't had the chance to test your CTrader strategy, but it is first on the list. Again, I appreciate you sharing your strategy and time with us here on FF.

TimeFreedom
  • #20
  • Jul 17, 2007 10:49am Jul 17, 2007 10:49am
Quoting richy
could you please post the chart? what happened on those days? thanks
Just take a look on an MT4 platform on the monthly charts.

It was the Asian economic crises. Do a google search and read all about it. We are going to have another one soon imo. But then again - I am just 1 opinion!
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