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Ron's journal

  • #1
  • First Post: Dec 10, 2006 10:51pm Dec 10, 2006 10:51pm
hey

recently i have manualy backtested a system similar to steviets. i back tested from december 9th 2005 to may9th 2006. the results and the time needed for these results to happen suit my scedual and bring in a little extra spending money.

the 6months of back testing came up with 39 trades; 15 which were profitable. doesnt sounds to good; however, i was +3005pips, not including spreads.

i only back tested gbp/usd.

on my thread i plan to keep a running total off all my trades and my p/l.

enjoy.

P.s. ill post new, or updated trades ever day 8pm (PST)
  • #2
  • Dec 10, 2006 10:56pm Dec 10, 2006 10:56pm
USD/CAD short 1.1499, (s/l 1.1527)
GBP/USD long 1.9475 (s/l 1.9423)
  • #3
  • Dec 10, 2006 10:59pm Dec 10, 2006 10:59pm
Quoting ronhickey
USD/CAD short 1.1499, (s/l 1.1527)
GBP/USD long 1.9475 (s/l 1.9423)
Where have you set your TP for the GBP/USD?
  • #4
  • Dec 10, 2006 11:08pm Dec 10, 2006 11:08pm
all my trades will hit the s/ls i know this leaves alot of pips on the table but i also cuts my losses.

each day (one hour ago) i will move my stops, if in a buy, 10pips below the previous days low(vica verca for short).

today was sorta a difficult one because it was my first trade. and i was doing my method correctly i would be short gbp/usd but i think its coming up again so the current low is just below some daily/weekly pivot points, instead of 10 pips above 1.95498

a good example is my usd/cad its stop/loss is ten pips above december 7th high, which was 1.1517

i kind of went off on a limb here but to answer your question i dont have t/p's

when my stoploss gets hit at the begining of the next day (8PST) ill place an order in the opposite driection from what just got stopped out at the opening price of the next candle and the new stop 10 pips above or below the previous days high or low.
  • #5
  • Dec 10, 2006 11:58pm Dec 10, 2006 11:58pm
i think UCAD will test 1.1530
{Link Removed}]
  • #6
  • Dec 11, 2006 9:37am Dec 11, 2006 9:37am
it could.. im just sticking to my system, no breaking the rules


looking to be in good shape this morning both trades profitable. i will be updating them in 12 and a half hours, as for now its time for work.
  • #7
  • Dec 12, 2006 1:54am Dec 12, 2006 1:54am
Quoting ronhickey
it could.. im just sticking to my system, no breaking the rules


looking to be in good shape this morning both trades profitable. i will be updating them in 12 and a half hours, as for now its time for work.
great call ! keep it up
{Link Removed}]
  • #8
  • Dec 12, 2006 7:55pm Dec 12, 2006 7:55pm
we had a major power outage last night at my place so i never got to mave my stops but my usd/cad got stoped out and my gbp/usd is currently up 225pips

GBP/USD s/l to 1.9568 (garenteed 93 pips)

ill open more trades in 2hours
  • #9
  • Dec 12, 2006 8:57pm Dec 12, 2006 8:57pm
USDJPY short from 116.953 (s/l at 117.343 - guarantees minus 39 pips)
GBPUSD long from 1.94758 (s/l at 1.95688 - guarantees plus 93 pips)

total guaranted pips +54
total p/l -30pips


total p/l+guaranted pips +24

SINCE DECEMBER8th
  • #10
  • Dec 13, 2006 1:56am Dec 13, 2006 1:56am
Quoting ronhickey
USDJPY short from 116.953 (s/l at 117.343 - guarantees minus 39 pips)
GBPUSD long from 1.94758 (s/l at 1.95688 - guarantees plus 93 pips)

total guaranted pips +54
total p/l -30pips


total p/l+guaranted pips +24

SINCE DECEMBER8th
how do i know the entry rule?
{Link Removed}]
  • #11
  • Dec 13, 2006 9:41am Dec 13, 2006 9:41am
every day at 8pm PST i open trades the at beggining of the new candle and have my stop 10 pips below the previous days low if im buying or 10 pips above the previous days high if im seling. then each day i movemy stops 10 pips above or below the last days high/low


usd/jpy got closed out for a loss
  • #12
  • Dec 13, 2006 10:01pm Dec 13, 2006 10:01pm
USDCAD short from 1.1556 (s/l at 1.1583 - guarantees minus 27 pips)
GBPUSD long from 1.9475 (s/l at 1.9595 - guarantees plus 120 pips)

total guaranted pips +93
total p/l -69pips


total p/l+guaranted pips +24

SINCE DECEMBER8th
  • #13
  • Dec 13, 2006 10:26pm Dec 13, 2006 10:26pm
Quoting ronhickey
hey

recently i have manualy backtested a system similar to steviets. i back tested from december 9th 2005 to may9th 2006. the results and the time needed for these results to happen suit my scedual and bring in a little extra spending money.

the 6months of back testing came up with 39 trades; 15 which were profitable. doesnt sounds to good; however, i was +3005pips, not including spreads.

i only back tested gbp/usd.

on my thread i plan to keep a running total off all my trades and my p/l.

enjoy.

P.s. ill post new, or updated trades ever day 8pm (PST)

I wanna backtested my system, but I still don't know how to do that. Where I can get databank history of price and in what platform should I put those datas. Thanks if you wanna explain me.

Manda
  • #14
  • Dec 13, 2006 10:35pm Dec 13, 2006 10:35pm
i just opened a demo with acm, i really like there charts. maybe because that was my first broker and got use to them. then i just manualy backtested. there charts go way way back.
  • #15
  • Dec 14, 2006 9:59pm Dec 14, 2006 9:59pm
<!-- / icon and title --><!-- message -->USDCAD short from 1.1556 (s/l at 1.1583 - guarantees minus 27 pips)
GBPUSD short from 1.9608 (s/l at 1.9723 - guarantees minus 115 pips)

total guaranted pips -142
total p/l +51pips


total p/l+guaranted pips -91

SINCE DECEMBER8th
  • #16
  • Dec 18, 2006 12:49am Dec 18, 2006 12:49am
USDCAD short from 1.1585 (s/l at 1.600 - guarantees minus 25 pips)
GBPUSD short from 1.9608 (s/l at 1.9674 - guarantees minus 64 pips)

total guaranted pips -89
total p/l +24pips


total p/l+guaranted pips -65

SINCE DECEMBER8th
  • #17
  • Dec 18, 2006 9:23pm Dec 18, 2006 9:23pm
USDCAD short from 1.1585 (s/l at 1.1597 - guarantees minus 12 pips)
GBPUSD short from 1.9608 (s/l at 1.9590 - guarantees plus 18 pips)

total guaranted pips +6
total p/l +24pips


total p/l+guaranted pips +30

SINCE DECEMBER8th
  • #18
  • Dec 19, 2006 10:36pm Dec 19, 2006 10:36pm
USDCAD short from 1.1585 (s/l at 1.1590 - guarantees minus 5 pips)
GBPUSD short from 1.9731 (s/l at 1.9796 - guarantees minus 64 pips)
EURUSD short from 1.3236 (s/l at 1.3302 - gaurantees minus 66 pips)

total guaranted pips -135
total p/l +42pips

total p/l+guaranted pips -93

SINCE DECEMBER8th

-hopefull lock in someone profits from USDCAD tomorrow
-it was time to make my trades by lets watch the bounce on GBP/USD at 1.9770 before coming down to 1.93**(fingers crossed)
  • #19
  • Dec 19, 2006 10:40pm Dec 19, 2006 10:40pm
U can take historical data from alpari and backtesting in on metatrader.so u need to code your system first.



Quoting manda.chow
I wanna backtested my system, but I still don't know how to do that. Where I can get databank history of price and in what platform should I put those datas. Thanks if you wanna explain me.

Manda
  • #20
  • Edited 8:03pm Dec 20, 2006 7:43pm | Edited 8:03pm
USDCAD short from 1.1585 (s/l at 1.1546 - guarantees plus 39 pips)
GBPUSD short from 1.9731 (s/l at 1.9758 - guarantees minus 27 pips)
EURUSD short from 1.3236 (s/l at 1.3256 - gaurantees minus 20 pips)
USDJPY short from 118.37 (s/l at 118.62 - gaurantees minus 25 pips)

total guaranted pips -33
total p/l +42pips

total p/l+guaranted pips +9
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