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Ronald Raygun's Trading Journal

  • #1
  • First Post: Nov 23, 2007 6:15am Nov 23, 2007 6:15am
I never thought I'd be able to do this after repeated delays with my bank, but the wire finally got through to NorthFinance and I'll be ready to start on Monday. In the interim, I've been running an EA on a test account using NorthFinance's data feed and have grown a $200 account into about $5,000 since November 12. (Attached)
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Attached File(s)
File Type: zip Account statement.zip   8 KB | 1,277 downloads
  • #2
  • Nov 23, 2007 7:08am Nov 23, 2007 7:08am
you better PM me about your intresting ea
coz i remember you sent me 3 eas but i still did not correctly understand how to use them
As I remember we first met in forex-tsd.

pleeeaseee
  • #3
  • Nov 24, 2007 11:55pm Nov 24, 2007 11:55pm
nice jed, now u can take any risks u want. free capital. even if u went down 80% ur intiial deposit is safe! gj !
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  • #4
  • Nov 25, 2007 2:07pm Nov 25, 2007 2:07pm
Hey John,

At least you now know what my MM is like.

Risk a very small portion of my "investable capital" at 100%. make a ton of money, then pull the initial investment out. We'll see how the coming week turns out.

By the way, I forgot to tell you that the EA I sent you works best on an account with 500:1 leverage. anything lower is more likely to wipe out the account, otherwise you need to decrease the amount at risk.

Stace,

John and I were developing an Ea for awhile and the MACD-based Ea is the first result of our efforts. I suggest you try that out first.
  • #5
  • Nov 25, 2007 3:54pm Nov 25, 2007 3:54pm
Hi

Is the EA posted somewhere? I run a 500-1 account with Fibo so would be interesting to see how the EA run's...Thank's
  • #6
  • Nov 25, 2007 4:36pm Nov 25, 2007 4:36pm
look up rhythm v.2

I changed around the parameters a lot, added the slippage variable, and overhauled the moneymanagement portion, but for the buying and selling portion of it, it's exactly the same.

My first live trade opened about 30 mins ago. Here are the specs

Pair: GBPJPY
Position: Buy
Price: 223.38
Stop Loss: 222.91
Date:11/26/2007
Time: 00:00 GMT
  • #7
  • Nov 25, 2007 5:13pm Nov 25, 2007 5:13pm
Hi,

Found it but not sure what variables to put in, can you help? thank's
  • #8
  • Nov 25, 2007 6:41pm Nov 25, 2007 6:41pm
leave it. The default should be sufficient for GBPJPY
  • #9
  • Nov 25, 2007 7:05pm Nov 25, 2007 7:05pm
well actually that macd EA is all Jed's work. i have not really contributed much. Jed i think ur pretty slick with ur EA programming, keep it up!
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  • #10
  • Nov 26, 2007 9:24am Nov 26, 2007 9:24am
Quoting Ronald Raygun
leave it. The default should be sufficient for GBPJPY

Hi,

I have had 5 trades off this EA and all have been stopped out!!

The trades were as follows

26/11

sell .10 gbpjpy 04:00HRS (lONDON) @223.71 stopped out @ 224.18
bUY .10 gbpjpy 06:11hrs " @224.24 stopped out@ 223.77
sell .10 gbpjyp 07:38hrs " @223.72 stopped out @ 224.19
buy .10 gbpjyp 09:00hrs " @224.19 stopped out @ 223.72
sell .10 gbpjyp 14:51hrs " @223.72 stopped out @ 224.19

Total Loss $216.73
I can not see how the settings can be correct! The SL's seem to be to short at 40 pips!! Can you please show what settings your using..Thanks !!
  • #11
  • Nov 26, 2007 11:29am Nov 26, 2007 11:29am
Quoting morse
Hi,

I have had 5 trades off this EA and all have been stopped out!!

The trades were as follows

26/11

sell .10 gbpjpy 04:00HRS (lONDON) @223.71 stopped out @ 224.18
bUY .10 gbpjpy 06:11hrs " @224.24 stopped out@ 223.77
sell .10 gbpjyp 07:38hrs " @223.72 stopped out @ 224.19
buy .10 gbpjyp 09:00hrs " @224.19 stopped out @ 223.72
sell .10 gbpjyp 14:51hrs " @223.72 stopped out @ 224.19

Total Loss $216.73
I can not see how the settings can be correct! The SL's seem to be to short at 40 pips!! Can you please show what settings your using..Thanks !!

And another loss @16:56hrs I wonder if when the ea gives a trade i take the trade in the opposite direction of the EA!!
  • #12
  • Edited 8:21am Nov 27, 2007 5:56am | Edited 8:21am
I'm trading with the understanding that I can lose 22 times in a row before I'm wiped out and the account blows up. I limit myself to 20 so I can start with smaller lots. Once I work the account to $50,000 (which will happen in an estimated 3 months), then I start spinning off into other currencies and variations of this strategy.

If you think that a little more risk is healthier for you, the change the max trades variable from 0 to 2. In the limited trading I have seen, the best days only needed two trades, anything more and you may have too much whipsaw going on. Play around with it, I found what works for me.

Both scenarios are assuming a $1000 account balance with 500:1 leverage.

The settings as I have them are (Conservative method):

Overrule Direction: False
Direction Long: True
Entry Time Hour: 0
Exit Time Hour: 23
Max Trades: 20
TrailOnceStop: True
Trailing Stop: False
Lots: .1
Stoploss: 40
Takeprofit: 0
Magic: 1337
Slippage: 5


For a riskier trading system (Riskier method):

Overrule Direction: False
Direction Long: True
Entry Time Hour: 0
Exit Time Hour: 23
Max Trades: 2
TrailOnceStop: True
Trailing Stop: False
Lots: .5
Stoploss: 40
Takeprofit: 0
Magic: 1337
Slippage: 5


I should probably explain now that I am a 17 year old kid. Still supposedly learning the ropes, but I think if I'm profiting consistently, then I must be doing much better than 90% of the full time traders out there.
  • #13
  • Nov 27, 2007 9:07am Nov 27, 2007 9:07am
Quoting Ronald Raygun
I'm trading with the understanding that I can lose 22 times in a row before I'm wiped out and the account blows up. I limit myself to 20 so I can start with smaller lots. Once I work the account to $50,000 (which will happen in an estimated 3 months), then I start spinning off into other currencies and variations of this strategy.

If you think that a little more risk is healthier for you, the change the max trades variable from 0 to 2. In the limited trading I have seen, the best days only needed two trades, anything more and you may have too much whipsaw going on. Play around with it, I found what works for me.

Both scenarios are assuming a $1000 account balance with 500:1 leverage.

The settings as I have them are (Conservative method):

Overrule Direction: False
Direction Long: True
Entry Time Hour: 0
Exit Time Hour: 23
Max Trades: 20
TrailOnceStop: True
Trailing Stop: False
Lots: .1
Stoploss: 40
Takeprofit: 0
Magic: 1337
Slippage: 5


For a riskier trading system (Riskier method):

Overrule Direction: False
Direction Long: True
Entry Time Hour: 0
Exit Time Hour: 23
Max Trades: 2
TrailOnceStop: True
Trailing Stop: False
Lots: .5
Stoploss: 40
Takeprofit: 0
Magic: 1337
Slippage: 5


I should probably explain now that I am a 17 year old kid. Still supposedly learning the ropes, but I think if I'm profiting consistently, then I must be doing much better than 90% of the full time traders out there.
Hi,

17yrs your doing fine!! I will look again at the settings at present there are to many lossers I will look at the SL as with this pair I do think you need more room...
  • #14
  • Nov 27, 2007 9:26am Nov 27, 2007 9:26am
One more thing what TF do you run it own.......thank's
  • #15
  • Nov 27, 2007 3:38pm Nov 27, 2007 3:38pm
TF? What's TF?

I'm using metatrader 4 on NorthFinance's data feed.
  • #16
  • Nov 27, 2007 4:14pm Nov 27, 2007 4:14pm
Hi sorry TF is time frame....1hr 4hr etc..
  • #17
  • Nov 27, 2007 4:47pm Nov 27, 2007 4:47pm
hey can you post the EA?

I can't find it on the boards.......Nice job on the profits by the way.....who are you trading with?
  • #18
  • Nov 27, 2007 4:50pm Nov 27, 2007 4:50pm
oh by the way check you private messages thanks dude
  • #19
  • Nov 27, 2007 5:42pm Nov 27, 2007 5:42pm
Here's a version of the EA I'm using. It lacks the money management portion (had division by 0 and almost blew out my account ), but otherwise should work as well as the original.
Attached File(s)
File Type: mq4 Rhythm v.2.mq4   11 KB | 1,149 downloads
  • #20
  • Nov 27, 2007 5:59pm Nov 27, 2007 5:59pm
I trade daily charts for now.

Once I reach 50,000/week (Should reach that in 3 months assuming no major disasters), I'll spin off into a weekly strategy, 30 min, 1 hour, 4 hour, and maybe 15 min strategies. All with appropriate amounts of starting capital.
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