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Building an equity millipede

  • #7,441
  • Edited 5:47pm Aug 6, 2024 12:59pm | Edited 5:47pm
It's never about "winning" and "losing".
It's about conducting a business...

The target for the companion trading account is a 10% balance increase per month for the duration of the enterprise. The goal is to generate a monthly income while saving the "Net Gains" for Growth.
Here are the statistics for the first few days.

Start date was August 1, 2024.
Excluding the weekend, we had four (04) trading days so far.

I am based in Ontario, Canada.

1. Balance

Opening: 6,346.90
Current: 6,991.00
An increase of 10.15%

2. Equity
Opening: 6,346.90
Current 6,796.00
An increase of 7.08%

3. UPL

Opening 0.00
Current -195.00

Note: As long as it can be sustained, a significant negative UPL will be be showing at times. It is, as Donald Rumsfeld will put it, a "Known Unknown" and completely under control. On its own, this number is not very informative since most of the gains and all of the "losses" are hedged.

For strategic reasons, I view a "loss" as an Expense that is always kept Unrealized.
  • #7,442
  • Edited 12:51pm Aug 7, 2024 8:45am | Edited 12:51pm
For accounting purposes, only the data available in the detailed monthly statement available on MT4 matters.
Anything shorter than that will be considered "entertainment".

Let us look at this trading account as the "production tool" for a $20,000.00 side-business set to pay a 10% monthly return to its sole owner/employee: Moi.
For that we will need to apply very strict accounting rules.

1. Start Date: August 1, 2024

2. Total Investment = $20,000.00

3. Trading account Starting Balance/Equity= $6,346.90

4. Business Account Starting Balance = $20,000.00 -$6,346.90 = $13,653.10
(Safe money used to cover for expenses including Monthly Return.)

5. Monthly Return on Investment = 10%TI = $2,000.00

The "Official" statement that the government considers is Quarterly (3 months).
So we will use it as a reference.
Because Start Date is August 1st, we will use the Monthly Statement for August and September and Q4 statement thereafter...

We will declare this business a failure the day we run out of resources.
  • #7,443
  • Edited 12:55pm Aug 7, 2024 11:04am | Edited 12:55pm
Rules of Engagement

Rule One
No Soldier can enter the Battlefield before being fully financed.
We do not use leverage and only trade what we can afford.
A Soldier has two (02) costs:
The first one is what an accountant will call Cost Of Goods which is the drawdown a Soldier can create, a capped value in our strategy.
The second cost is the cost to hold the position itself.

Very important note:
One has to be very careful with this last part because there is no standard policy common to all brokers. Some do not withhold margin for fully hedged positions but most of the brokers I know do withhold an important amount for each side of the hedge.

For US based traders, I believe that hedging in the same account with the same instrument is not allowed but there are ways around it, one of them being opening an account in the wonderful neighboring country called Canada.

All the important US brokers do business in Canada and it will make a great excuse to go visit Toronto or Montreal "for business" and have a good time, for a change...Do not worry, English is widely spoken in Quebec and, for God's sake, Quebec City is better than Paris!!!

Do not forget that a big chunk of the US-Midwest has been part of the Quebec territory for a long time after the independence from Britain and the creation of the country.

Tu peux aller au diable, Paris!
  • #7,444
  • Edited 10:41am Aug 8, 2024 10:03am | Edited 10:41am
Attached Image (click to enlarge)
Click to Enlarge Name: MT4 screenshot.PNG Size: 59 KB

Above is a snapshot of my screen as it looked a few minutes ago.

Notice the high negative UPL and the high number of trades/Soldiers.

The first few weeks of the endeavor are used to Stress Test the trading system.

I choose to call it "Extreme Forward Testing" which translates into "Putting your money where your mouth is."

Also notice the Comment column. That is where I keep track of every single Soldier, active or pending.

I do not need any other indicator.
In fact, I do not even need to know which instrument is being traded.
We love today's technology and use it extensively but we do business the 19th century style.
  • #7,445
  • Edited 8:21pm Aug 8, 2024 1:13pm | Edited 8:21pm
We always focus on what we can control.
What we do is minimize the impact of an unpredictable event if harmful, and maximize it if beneficial...
The gains should be given a chance to grow exponentially while making "the losses" predictable and linear.

And that's the essence of "adding to a winner."
A very counterintuitive concept, indeed.

Rule Two
No Rebalancing or Restructuring before at least three (03) Units are Active.

A Unit is deemed Active when at least one of its Soldiers is in play/battle following a very straightforward Entry Process.
Every Unit can have up to 10 Soldiers divided into 03 Groups.

Soldier 01 is always from Group 1, the Participation Group.

He is that frontline Foot Soldier whose mission is the gathering of information for his superiors / Very high rate of death.
No satellites here, we are talking Napoleon style.

Soldiers live and die within the confinement of their respective Units.
Vive La Grande Armée !
  • #7,446
  • Aug 8, 2024 3:29pm Aug 8, 2024 3:29pm
Here's why any data that does not cover at least One (01) month of trading activity should be used for entertainment and educational purposes only.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Explorer.PNG Size: 4 KB
  • #7,447
  • Edited 7:49pm Aug 8, 2024 6:28pm | Edited 7:49pm
Let us look at the trading range Google-Earth style...

My favorite Pair to trade and scalp is the GBP/USD so I will use it to illustrate my idea of a range and its implications.

Please keep in mind that all seven (07) Majors are traded exactly the same way in the companion account.

The first view of the trading range/battleground will be what we might call a global view.
It spans the whole globe and both extremities, North and South, can be clearly seen.

For the Pair, it is the 10,000-pip area from 1.0000 to 2.0000.
Note that the price has reached 2.14 back in the early 2000's and nothing is to be considered impossible, so our range can be shifted or extended as needed.
North America must have seen a lot of British tourists back then...

The second view is Regional.
We zoom-in close enough to have a "Continental" perspective with a few countries showing.

The third and last view is a "close up" view that shows only a few kilometers/miles and, unlabeled, there is no way one could tell what country the area is in.
Damn Fractals...

For chart lovers:

View One is the Yearly/Monthly candle.
View Two is the Weekly/Daily candle.
View Three is the 1-hour candle and lower (for precision entry and scalping).
  • #7,448
  • Oct 4, 2025 11:12pm Oct 4, 2025 11:12pm
Are there any brokers that offer the ability to go simultaneously long or short in same currency pair?
I know two brokers I used to use withdrew this but would appreciate if anyone can advise any that may still offer this service.
Thanks
  • #7,449
  • Oct 4, 2025 11:39pm Oct 4, 2025 11:39pm
Quoting wombles
Are there any brokers that offer the ability to go simultaneously long or short in same currency pair? I know two brokers I used to use withdrew this but would appreciate if anyone can advise any that may still offer this service. Thanks
Here’s a solid list of forex brokers that support hedging on MetaTrader 4, you can open long and short positions on the same pair simultaneously without restrictions. These brokers are non-US regulated, which is key since US rules prohibit same-account hedging.

Top MT4 Brokers That Allow Hedging (2025)

Broker Regulation Max Leverage Notes for Hedging

Pepperstone ASIC, FCA, CySEC 500:1 Tight spreads, fast execution, full MT4 hedging support

IC Markets ASIC, CySEC, FSA 500:1 ECN broker, ultra-low spreads, hedging allowed on MT4

FP Markets ASIC, CySEC 500:1 MT4/MT5/cTrader, supports hedging and scalping

Eightcap ASIC 500:1 Smart tools, MT4 hedging enabled

BlackBull Markets FMA (NZ), FSC 500:1 Deep liquidity, hedging allowed, MT4 + TradingView

XM IFSC, CySEC 1000:1 Bonus incentives, MT4 hedging supported

AvaTrade ASIC, FSCA, FSA 400:1 Market maker, MT4 hedging allowed, fixed/floating spreads

Hedging Tips for MT4

  1. Enable “Allow Hedging” in account settings (some brokers require this toggle)
  2. MT4 handles hedging natively—just open opposite trades on the same symbol
  3. Be mindful of margin policies: some brokers still reserve margin for both sides of a hedge
  4. Ideal for strategies like gold volatility overlays, session-based logic, or equity millipede-style layering

It takes a lot for me to IGNORE you, but you can try.
  • #7,450
  • Oct 5, 2025 12:22am Oct 5, 2025 12:22am
Quoting wombles
Are there any brokers that offer the ability to go simultaneously long or short in same currency pair? I know two brokers I used to use withdrew this but would appreciate if anyone can advise any that may still offer this service. Thanks
Doesn’t all mt4 let you hedge ? I started with Alpari closed now. Forex.com is for US they have preset leverage of1:50 it’s perfect. Nordfx is cool I have been with them for 4 years + Until I found FPmarkets to me this is the best for retail traders. If you got funds over 100k try B2broker its like directly executing with the liquidity provider. You will never experience the smoothness and no latency anywhere else. Its Pro plus ultra mega. It’s just to start with B2B you can’t just open an account its minimum $25 k to begin with lots of documentation you name it and there is a monthly fee on top of it. Still Prime of Prime actually !

all let you hedge and withdraw ETH and BTC. Forex.com withdrawal is fiat. But it’s the best for US citizens.

I have only mentioned the names I have experience for myself. I can vouch for them.
Precise Execution!
  • #7,451
  • Oct 5, 2025 12:27am Oct 5, 2025 12:27am
Quoting Sofact58
Let us look at the trading range Google-Earth style... My favorite Pair to trade and scalp is the GBP/USD so I will use it to illustrate my idea of a range and its implications. Please keep in mind that all seven (07) Majors are traded exactly the same way in the companion account. The first view of the trading range/battleground will be what we might call a global view. It spans the whole globe and both extremities, North and South, can be clearly seen. For the Pair, it is the 10,000-pip area from 1.0000 to 2.0000. Note that the price has reached...
15 minutes works better for me with precision entry and scalping
Precise Execution!
  • #7,452
  • Oct 5, 2025 8:53am Oct 5, 2025 8:53am
Quoting Erebus
{quote} Here’s a solid list of forex brokers that support hedging on MetaTrader 4, you can open long and short positions on the same pair simultaneously without restrictions. These brokers are non-US regulated, which is key since US rules prohibit same-account hedging. Top MT4 Brokers That Allow Hedging (2025) Broker Regulation Max Leverage Notes for Hedging Pepperstone ASIC, FCA, CySEC 500:1 Tight spreads, fast execution, full MT4 hedging support IC Markets ASIC, CySEC, FSA 500:1 ECN broker, ultra-low spreads, hedging allowed on MT4 FP Markets...
Inserted Video
  • #7,453
  • Oct 5, 2025 9:00am Oct 5, 2025 9:00am
Wondering how A.I. can be used to Summarize the main Tenets of this Strategy then Proceed to automate it via a series of Expert Advisors: hosted via Afterprime Brokers and VPS? Who is up for the Challenge??

Would be interesting to see with a fully curated equity millipede what level of Trade rebate, their "Get Paid To Trade" offering would yield per Month.%
  • #7,454
  • Dec 12, 2025 2:20pm Dec 12, 2025 2:20pm
Hello Guys,

I was wondering if anybody trades like pipeasy or similar? If you have could you please share your experiences, ups and downs.
  • #7,455
  • Edited 8:11pm Apr 9, 2026 7:48pm | Edited 8:11pm
Quoting Jcctrader
Hello Guys, I was wondering if anybody trades like pipeasy or similar? If you have could you please share your experiences, ups and downs.

Oh boy, where to start.

I have traded this method many times over the years. Will start with the downs.

Trading the risk he reccomends, 2x leverage, 100k account 2 lots, 10k $2 a pip, drawdowns will likely be larger than you would like. Using small stops like he reccomends, you will have a lot of losers and breakevens before you ever get a decent position built.

After the positions are in place, and growing, every hiccup will make you want to close, remember you likely are at a 30%+ drawdown.

If you overcome the urge to close, and it grows for a month or two you will be on cloud nine. Then price turns again and takes you out at breakeven, so you still have a 30%+ drawdown.

If you close, you may recoup your losses and make an ok, or even good profit. Then 2 months later, you realize, your positions would still be in if you had held.

The emotional aspects of this method are very real, and very difficult to overcome. After 40 or 50 losses, BE's and little to no positions open, it will be hard to keep trading.

Anyway, I have had some amazing trades using this method. Always closed earlier than I should have. I still believe if you can get over the emotional hurdles, and built many positions on many pairs it would be worth it.

Some suggestions.

If you are trading this way, start with 1/2 to 1/4th the risk reccomended. Yes, I know most would say it is not worth it. But, drawdowns will be far less. Prove to yourself it works, then add money and risk as needed.

If you do start with the risk recommended, do not raise it until it is absolutely neccessary. Instead add more positions on more pairs. Only raise risk when it becomes impossible to get a meaningful amount of margin used on open trades.

Look at monthly, find a pair with a strong trend, find setups and enter. Do not trade counter to monthly, or in consolidations, at least until after you take profit from a few successful legs.

I have yet to trade this for over a few months at a time. Sometimes very profitably, other times not so much. Recently started back, have a journal on it, basically just testing a lot of the concepts publicly with a very small account.

My goal with the journal is mainly to give a little more insight on what to expect. Not trying to make money with it at the moment, just a learning endeavour. Hope this helps, I still love the idea, the implementation is very difficult.

There are definitely many aspects of this system that still influence my trading. Lots of very sound information in here.
  • #7,456
  • May 24, 2026 12:28am May 24, 2026 12:28am
Hi all,
Does anyone know if Pip Easy completed the document he mentioned he was working on in this thread?
I have checked the attachments but do not see the document he talked about.
Thanks.
  • #7,457
  • May 24, 2026 3:04am May 24, 2026 3:04am
Quoting Sofact58
It's never about "winning" and "losing". It's about conducting a business... The target for the companion trading account is a 10% balance increase per month for the duration of the enterprise. The goal is to generate a monthly income while saving the "Net Gains" for Growth. Here are the statistics for the first few days. Start date was August 1, 2024. Excluding the weekend, we had four (04) trading days so far. I am based in Ontario, Canada. 1. Balance Opening: 6,346.90 Current: 6,991.00 An increase of 10.15% 2. Equity Opening: 6,346.90 Current...

I would say its about return over max drawdown, not raw return. dividing return over a period by max dd over the same period (say a year) this is the Calmar ratio similar to RoMaD this normalises the risk versus returns and makes it possible to compare one strategy with another, one fund with another indeed any investment with another.

For example 10% return with a maximum drawdown from peak of 50% would not be a good strategy, but 10% return with a maximum drawdown from peak of 2% over a year would be a pretty good, which would you prefer to invest in? one that might sometimes lose half of your account or one with the same return but only risks 2% of your account.

Am I making sense ?
  • #7,458
  • May 24, 2026 6:55am May 24, 2026 6:55am
No, but fortunately for you, you could take the time and do some screen shots of the Thread in its' entirety then attch it onto an A.I. agentic client and have fun..

Ask it to Summarize, Make a more profitable Strategy even automate it to your Liking as indicator or EA or Both.

Fortunate to be alive in this state of the technology, 15 years ago, we had to do such from scratch...

Bless the Lord Nontheless.
Anything worth having is worth breaking a little sweat on..
Bless!
  • #7,459
  • Last Post: May 25, 2026 5:16am May 25, 2026 5:16am
Quoting wombles
Hi all, Does anyone know if Pip Easy completed the document he mentioned he was working on in this thread? I have checked the attachments but do not see the document he talked about. Thanks.
Don't think he ever did complete the trading book he was going to write, he just disappeared one day never to be heard from again. There are some PDFs in the thread but most of the photos Pip Easy posted were hosted on a third party server which no longer exists.
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