Testing Parabolic breakout

Hi everyone, i'm new to this kind of day to day forward testing, but since i started i have had a good deal of fun .

I want to start this journal while i test a very straightforward system i am conceiving. I dont want to share it right now as i prefer to first see if it works or not first, but i guess that just looking the orders i will post you will be able to quickly figure it out as it is extremely simple.

To use this system one has to accept 300-600 pips drawdown for each pair you trade. If all goes well (and i know it rarely does) the system should give back 1000 or even 3000 pips for each pair traded. If this will happen is all to be seen, the system is obviouslly suited to be traded using many and very small lot sizes. I am currently testing with ultra micro money on marketiva, just to see what happens. Each order amounts at just 1 dollar.

I am a little over a week into the test and i am at around 570 pips in negative spread over 4 pairs. As i said i am willing to allow over 500 pips under for each of them so i'm still widely into the margins.

http://www.shareapic.net/preview3/008676643.jpg

Potential G/L to may 19 = -569 pips

Today 2 orders were triggered. And the market is going my way (for now)..Yesterday i was over 500 pips under. Today i'm in positive.
Still i havent closed any open orders, so the G/L is still only potential. I will put the real P/L as soon as i start closing any of my open orders.

http://www.shareapic.net/preview3/008707204.jpg

Potential G/L to may 20 = +165 pips

Hi..today my strategy has moven into the best direction i could think of.
I passed in just 2 days from over 500 pips in negative to over 1200 pips in positive.
So..if i were to follow my strategy to the letter i would stick another daily order on both the positive pair i'm trading (and i would leave the other two evolve)..but since this is really the first try i'm doing i will close the EURUSD orders and cash in around 1000 pips, they will be used as a "pillow" for opening more positions on the other positive pair (USDCHF)..

http://www.shareapic.net/preview3/008741232.jpg

Realized P/L to may 22 = +1005 pips
Potential P/L = another +298 pips

one of my system is similar and I using it on many markets

50 MA and the SAR, above the MA Long only, under the MA short only the SAR for entries and the trailing,
with flat MA get out

good system,


good luck with the backtest

Hi mate..thx for your encouraging comment..
but i will do no back test, exclusively forward testing.

i just had a quick view at the back data, and wherever i laid my eyes this strategy seemed to work..but i really only trust forward results..

Today the market went against me of around 450 pips, seems like i made the right choice to cache in the over 1000 pips from EURUSD.

I opened 2 new short stop orders 1 pip below the daily bars ofat the breakout of the low USDCHF and USDJPY..i have e feeling that it wont resume my direction tomorrow, but the 1000 banked pips allow me to move one eyes closed into the strategy i'm testing.

http://www.shareapic.net/preview3/008765010.jpg

Realized P/L to may 22 = +1005 pips
Potential P/L = -138 pips

P.s I also reported the yesterday P/L as the one of may 22, in reality that was the P/L for may 21..

The first week of reporting has closed. My open orders went back to positive.

Next steps:

-USDCHF: new short at 1.0199
-AUDJPY: hold my only open position to see if it recovers
-USDJPY: i'll move my untriggered short order to 103.00

http://www.shareapic.net/preview3/008820513.jpg

Realized P/L to may 23 = +1005 pips
Potential P/L = another +219 pips

Nice journal
Interesting Trading System
Good result
Keep up a Good work

thx for your comment hik, pls come back!

Back to the testing..

Today there's no need for a pic, both the orders i has signalled yesterday werent triggered. This time i will also NOT change those untriggered orders to the latest closed bar high or low, because the two said bars ends are just a few pips away from my already open orders. Even the potebtial P/L is almost the same as the other day..

Realized P/L to may 26 = +1005 pips
Potential P/L = another +200 pips

Bad news for today..

The market moved against me, this afternoon i thought i would close all orders and cash in an overall 200 pips but i didnt do it for the sake of testing the method mechanic. At that time a stop loss was also hit for a loss of 209 pips.

I'll hold on, even if i have the feeling that my gains will fade away some more tomorrow.

http://www.shareapic.net/preview3/008891127.jpg

Realized P/L to may 27 = +796 pips
Potential P/L = -201 pips

More bad news for today..no need to post a pic, since its easy to prove when things go not the way you wished them to..

Goo thing is i'm still in gain..in fact i think i should close all orders right now and keep the profited pips (i think around 350-400)..but i will stick to it and risk losing the profits made. After all my testing has just started and things cant go perfectly right from the get go.

Realized P/L to may 28 = +796 pips
Potential P/L = -403 pips

I'll check again tomorrow afternoon to see if the train wrecked or not..fingers crossed..i'm risking big money here (a few cents)..

END OF FIRST ROUND..

I closed all orders when i realized that the market was moving still against me.

I still closed in some tiny profits, but since the sum of my positions was up to over 1200 pips at one time, i guess that falling down to a profit of just 44 pips is pretty dissappointing. The problem was in my exit strategy wich is a little undefined. I perfectly timed the exit for all the EURUSD orders, but then i screwed the rest of them..

Realized P/L to may 29 = +44pips

Next time i'll kick into the test some money management..
I'll start the reporting again when the next signals will suggest i start opening orders again, could take a few days..

SECOND ROUND STARTS..

Ok..i got 2 signals, one from EURUSD and one from USDCHF.
This time i'm going to try some simple mney management on the lot sizes.
Every lot i'll open will be half of what the balance is. For example if i have 6000 dollars, each lot will be of 3000 $, if i have 8000 each lot will be 4000..
If i have 7500 each lot will be half of the lower round number. This would be still 3000 for each lot.

I calculated that this way in the worst case scenario (over 500 pips under for each of the 4 pairs), my total loss will be 25% or less.

USDCHF stop short at 1.0141
EURUSD stop long at 1.5846

Lest see how it goes this time.

None the 2 orders were triggered, i suspect that tomorrow my signal will be erased. In the meanwhile its still there so i changed my already open orders to the following prices:

EURUSD: stop buy at 1.5657
USDCHF: stop sell at 1.0263

The psar signals on EURUSD and USDCHF have both vanished.

The USDCHF order however was triggered..and is currently 95 pips in negative. I'm not opening other orders until another signal shows up.

Realized P/L to june 12 = +44pips
Potential P/L = -95 pips

Nothing has changed but the fact that i'm now a little bit under if compared to the last update. No other orders were issued and the losing open order on USDCHF is still open, even if i probably should close it right now.

Realized P/L to june 12 = +44pips
Potential P/L = -157 pips

UNfortunately i had forgot to cancel a pending order from 8 days ago on EURUSD..and it triggered.
Currently USDJPY also gave me a signal, so i made a pending order on the low breakout of yesterdays bar.

Realized P/L to june 12 = +44 pips
Potential P/L = -216 pips

the last days not much has happened with my open and pending orders. Today i see that the EURUSD order that was triggered by mistake has gone 85 pips into positive, USDCHF has also moved in my direction and is in slight loss.

I also kept changing my pending USDJPY order to match the minimum of the last closed daily bar, it wasnt triggered yet, now it probably will, if it will turn into a profit its all to be seen.

I'm not opening another pending on EURUSD because of my mistake caused one already to be opened, if EURUSD will keep rising for a few days i'll open other ones.
My method dictates that i dont open new orders on USDCHF, so i'll just see how the open one will do.

Realized P/L to june 25 = +44 pips
Potential P/L = another +35 pips

Buddy,,

I think it is better to use tinypic<dot>come to post ur graph picture!!


sonic