Simplicity is the Key | Page 142 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Why are we afraid of simplicity? 96 replies

Simplicity is the key to brilliance 36 replies

Signals for Simplicity 1,144 replies

The Journal of Simplicity Trade 12 replies

Attachments: Simplicity is the Key
Exit Attachments

Simplicity is the Key

  • #2,821
  • Apr 29, 2008 10:23am Apr 29, 2008 10:23am
Update so far: On Closed Trades

NF Ultimate +406 pips , Delight +411 pips
IBF Ultimate +323 pips , Delight +168 pips

I have encountered 2 slippages on NF (Ultimate)
Was not able to trade the EJ & CadJ a few hours ago. This is big if these are winning trades that is a 200 pips deductions. This probably explains that some are having higher pips than others on the same broker. That happend to me on NF ultimate but not on NF delight.
  • #2,822
  • Apr 29, 2008 10:34am Apr 29, 2008 10:34am
I will have to increase the slippage value that we have presently in both the EA and will issue a revision before the next trading week. I am intending to put it in post number 1 so it is easy for everyone to get i there.
  • #2,823
  • Apr 29, 2008 10:35am Apr 29, 2008 10:35am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
i cant get my closed trade account to show pips, only $, i can get the open trades to show pips?

Closed trades
Mig - Ultimate up $438
MT4 - Delight up - $734

1:100 0.1 lots on all trades.

i will convert the end of week into excell to show pips.
  • #2,824
  • Apr 29, 2008 10:46am Apr 29, 2008 10:46am
I attached a form i used for quick calculation of pips in excell which might be useful for others, there is a macro included to that will clean up the attached information you copy and paste from the statement. Delete data from 7 to col P. Paste your copied data from statement.html while positioning your cursor at at c7. then clik the TOOLS --MACRO --MACRO1 --RUN. IT will correct your entry. Then just take the summation of column S that is your total PIPs. Make sure you have excell program in your pc.
Attached File(s)
File Type: xls MyForm.xls   60 KB | 355 downloads
  • #2,825
  • Apr 29, 2008 10:54am Apr 29, 2008 10:54am
Quoting trader101
Update so far: On Closed Trades

NF Ultimate +406 pips , Delight +411 pips
IBF Ultimate +323 pips , Delight +168 pips
Is that just for this week, since Sunday? I've been running the Ultimate for mini accounts since market open on Sunday and it was down to -400 last night but is currently about +90.
  • #2,826
  • Apr 29, 2008 11:02am Apr 29, 2008 11:02am
Like trader said:

"The EA, in the early stage of the market have to suffer some losses. REason being that the EA requires a sense of balance from other cpair which obviously you dont have at the beginning of the trading (eg Sunda,Monday) but once all the currency are in play it achieve the sense of balance that it requires. If you think you just trade starting Tuesday because Monday it doesnt do good, it is a flawed assumption. If you just start Tuesday the same situation will be require by the EA, sense of balance which also he doesnt have at the start of the EA. The only thing i can think of the counter this is to keep the trade open even on weekends. Obviously a lot of us do not want that. But that is the only way to keep the balance. If we do that, it is only at one time that the EA have no sense of balance, that is at the initial start of it. I remember Malarraz had his trade open this weekend, i really like to know what happend. Malarraz -- we want to know the status of your trade this Monday.

The faster the EA can achieve the sense of balance the better. That is the reason why I want my EA open minutes before my broker open on Sunday. Then when volatility is achieve before the London Open on Monday, I have achieve the sense of balance early in the game, and i know it will be a good week. In spite of all of this, the required balance is normally achieve around Monday, and then the fun begin. Also remember that turning off and on the EA is not good to trades. everytime you turn it off, the variables will reset and when you turn it on, it is like restarting again. It can also happend if we loss power supply to our PC, or the notoriuos updates of MS while you are sleeping. The losing of connection to your broker server is not a problem for the EA unless it is not more than an hour. Well that about the info on the EA. I will post if i can recall some vital points."
  • #2,827
  • Apr 29, 2008 11:02am Apr 29, 2008 11:02am
Quoting Mantorp
Is that just for this week, since Sunday? I've been running the Ultimate for mini accounts since market open on Sunday and it was down to -400 last night but is currently about +90.
Being skeptical is being good but sometimes becomes annoying not only what is my reason to lie about this??? See the attached statement.. for your evaluation. That is for the Delight I will attached the other 3 if you are not convince yet.
Attached File(s)
File Type: zip Statementuuu.zip   3 KB | 249 downloads
  • #2,828
  • Apr 29, 2008 11:05am Apr 29, 2008 11:05am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
I attached a form i used for quick calculation of pips in excell which might be useful for others, there is a macro included to that will clean up the attached information you copy and paste from the statement. Delete data from 7 to col P. Paste your copied data from statement.html while positioning your cursor at at c7. then clik the TOOLS --MACRO --MACRO1 --RUN. IT will correct your entry. Then just take the summation of column S that is your total PIPs. Make sure you have excell program in your pc.
i was going to sit down and create that document after i take my kids swimming - beat me to it

MT4 pip count 620 on closed trades
MIG pip count 470 on closed trades

Very nice indeed.
  • #2,829
  • Apr 29, 2008 11:11am Apr 29, 2008 11:11am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Mantorp
Is that just for this week, since Sunday? I've been running the Ultimate for mini accounts since market open on Sunday and it was down to -400 last night but is currently about +90.
a broker with large spreads may produce lower results, this is due to the amount of pips price needs to move to reach the target, were amming for 60pips
broker with 15pips spread = we need 75pips total
broker with 3 pips = we need 63 pips total

so for this reason also we need to look for broker with minimal spread

FXCM is my broker of choice as there spreads are low, i have just been invited to open an MT4 trading account with them, due to go live in the next few weeks. so will keep you updated on the spreads.
  • #2,830
  • Apr 29, 2008 11:17am Apr 29, 2008 11:17am
Another Statement from NF , where did he go???Im not done uploading the statements
Attached File(s)
File Type: zip Statementddd.zip   3 KB | 247 downloads
  • #2,831
  • Apr 29, 2008 11:22am Apr 29, 2008 11:22am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Another Statement from NF , where did he go???Im not done uploading the statements
purhaps the your young follow is confused as to why your account produced more than his, he might not be disbelievng you, but just annoyed at his account.
  • #2,832
  • Apr 29, 2008 11:23am Apr 29, 2008 11:23am
Quoting MPP
a broker with large spreads may produce lower results, this is due to the amount of pips price needs to move to reach the target, were amming for 60pips
broker with 15pips spread = we need 75pips total
broker with 3 pips = we need 63 pips total

so for this reason also we need to look for broker with minimal spread

FXCM is my broker of choice as there spreads are low, i have just been invited to open an MT4 trading account with them, due to go live in the next few weeks. so will keep you updated on the spreads.
Bro,
Are they MT4 broker??
  • #2,833
  • Apr 29, 2008 11:26am Apr 29, 2008 11:26am
Quoting trader101
Being skeptical is being good but sometimes becomes annoying not only what is my reason to lie about this??? See the attached statement.. for your evaluation. That is for the Delight I will attached the other 3 if you are not convince yet.
I was merely pointing out the difference compared to what I'm seeing, I didn't mean to imply you were lying. I'm using an IBFX demo account and like I said the mini account ultimate version.
  • #2,834
  • Apr 29, 2008 11:27am Apr 29, 2008 11:27am
Quoting Mantorp
I was merely pointing out the difference compared to what I'm seeing, I didn't mean to imply you were lying. I'm using an IBFX demo account and like I said the mini account ultimate version.
No problem, my bad
  • #2,835
  • Apr 29, 2008 11:35am Apr 29, 2008 11:35am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Bro,
Are they MT4 broker??
As yet FXCM are not an MT4 broker, it's been in testing for around a year now, they apprecite that MT4 is the number 1 chart plaform, but they are specialist in only brokerage, there charts are limited, so they re rolling out the all new MT4 account over the next few weeks i think, any i have had my invite and form complete so i will keep you posted.

The problem is the interface between the 2 systems, FXCM use a different method for buying and selling so it needed tweeking i think.
  • #2,836
  • Apr 29, 2008 11:35am Apr 29, 2008 11:35am
Market is slowing down again but we have the necessary provision to over the night. Unlike yesterday that were beaten good. But still within the drawdown estimate. I think i know the reason why it was like that yesterday because of Japanaese Holiday, the market was not complete. Next time we willnot trade until the holiday is over..right??
  • #2,837
  • Apr 29, 2008 11:37am Apr 29, 2008 11:37am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Market is slowing down again but we have the necessary provision to over the night. Unlike yesterday that were beaten good. But still within the drawdown estimate. I think i know the reason why it was like that yesterday because of Japanaese Holiday, the market was not complete. Next time we willnot trade until the holiday is over..right??
Monday 5th May is a uk bank holiday, so do we start trading at the asian open on monday instead of the asian open on the sunday?
  • #2,838
  • Apr 29, 2008 11:56am Apr 29, 2008 11:56am
Quoting MPP
Monday 5th May is a uk bank holiday, so do we start trading at the asian open on monday instead of the asian open on the sunday?
Yeah it is a Japanese Holiday too so id say we do it at 2 hours before London Open Tuesday. suggestions welcome.
  • #2,839
  • Apr 29, 2008 1:54pm Apr 29, 2008 1:54pm
Quoting trader101
Yeah it is a Japanese Holiday too so id say we do it at 2 hours before London Open Tuesday. suggestions welcome.
Like i said yesterday i will leave mine open during weekend and
start before market open, so we can compare profit/loss.
  • #2,840
  • Apr 29, 2008 1:56pm Apr 29, 2008 1:56pm
Quoting wezer
Like i said yesterday i will leave mine open during weekend and
start before market open, so we can compare profit/loss.
OK..OK..OK.. No problem LOL
5 traders viewing now