Tested on IBFx, set sunday candle to false, part way through week set TSL at 25 trigger and 25 distance (got tired of seeing first trade gain 25 pips and than having the last 2 trades retrace for 50 pip lost).
Tested on IBFx, set sunday candle to false, part way through week set TSL at 25 trigger and 25 distance (got tired of seeing first trade gain 25 pips and than having the last 2 trades retrace for 50 pip lost).
Ignored
I'm really not liking the GBP/JPY but EUR/USD and GBP/USD has been doing well the last couple of weeks. I hope no one here thinks any pair will always be positive every week. During my paper trading the EUR/USD did have bad weeks but all in all was a winner in the end. With good money management it could grow an account nicely. I will be trading this live next week and will post results. My thought is to only risk 3% on any set of trades (possible -150 pips with defaults).
Lot sizes below are based on an InterbankFX mini account where 0.01 lot size is $0.01 cents per pip.
Start with $400.00 account:
400 x 0.03 = 12.00 (potential loss per set of 3 trades)
12.00 / 150 = 0.08 (lot size)
My results from last week:
EUR/USD: +321
GBP/USD: +247
USD/CAD: -33
USD/CHF: +193
+728 pips at 0.08 lots is a gain of $58.24
New account balance would be $458.24
Take the last results I posted here which is not the close this week:
EUR/USD: +118
GBP/USD: +323
USD/CAD: +278
USD/CHF: -60
+659 pips at 0.09 lots is a gain of $59.31
New account balance would be $517.55
The last 2 weeks have been kind but it will not always be so but if you base your lot sizes on your account balance then losses and profits will scale accordingly. Then if your winning more weeks than loosing your doing good.
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Joined Nov 2007
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Status: Commercial Member
|694 Posts
Final numbers for this week.
I hope no one here thinks any pair will always be positive every week. During my paper trading the EUR/USD did have bad weeks but all in all was a winner in the end. With good money management it could grow an account nicely. I will be trading this live next week and will post results. My thought is to only risk 3% on any set of trades (possible -150 pips with defaults).
Lot sizes below are based on an InterbankFX mini account where 0.01 lot size is $0.01 cents per pip.
Start with $400.00 account:
400 x 0.03 = 12.00 (potential loss per set of 3 trades)
12.00 / 150 = 0.08 (lot size)
My results from last week:
EUR/USD: +321
GBP/USD: +247
USD/CAD: -33
USD/CHF: +193
+728 pips at 0.08 lots is a gain of $58.24
New account balance would be $458.24
+1,446 pips at 0.09 lots is a gain of $130.14
New account balance would be $588.38
The last 2 weeks have been kind but it will not always be so but if you base your lot sizes on your account balance then losses and profits will scale accordingly. Then if your winning more weeks than loosing your doing good.
Money management is next in the revisions.
The pips above are correct but dollar amounts may vary because only certain pairs pay $1 per pip while other pairs are worth less than $1 per pip.
[quote=mtaboneweb;2100773]
Version 1.0g (95 downloads):
* DisplayProfitLoss added (Display Profit/Loss on Chart comments?)
* Send E-mail when new orders are placed
* Send E-mail when order total changes (does not count pending orders)
Version 2.0:
* Fixed bug with pip calculation on profit display
* Fixed problem with E-mail display text
* Modified key areas to work with live accounts
* Live version made available
The EA attached to the 2nd post is out of date. Please use the EA on this post (#1).
I am testing version 1.0f and wanted to update to 1.0g or 2.0 for next week but I don't see the link to d/l the latest version on post #1. Can you put the link up again? Thanks.
* DisplayProfitLoss added (Display Profit/Loss on Chart comments?)
* Send E-mail when new orders are placed
* Send E-mail when order total changes (does not count pending orders)
Version 2.0:
* Fixed bug with pip calculation on profit display
* Fixed problem with E-mail display text
* Modified key areas to work with live accounts
* Live version made available
The EA attached to the 2nd post is out of date. Please use the EA on this post (#1).
I am testing version 1.0f and wanted to update to 1.0g or 2.0 for next week but I don't see the link to d/l the latest version on post #1. Can you put the link up again? Thanks.
Ignored
There is an email link in the first post to contact me about getting the latest version.
ok, I started on a new demo now, I will post results, using the latest version, i hope it works as well as 1g!! cheers all, may this week be as good or close as last week..
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Joined Nov 2007
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Status: Commercial Member
|694 Posts
Big differences between demo and live account this week. Please refer to the following posts. You will notice that the weekly opening prices vary from demo accounts to live. I'm sure they are not always one to one at each tick of the chart as well.
It's important to remember that the last 2 weeks have been very good and last week's live account test made $97.70 in real money. I don't pretend to think that every week will be a winner but obviously it's hoped that it's a long term winner over all.
It's only Tuesday and could still go either way. I am still running this live this week as well as demo.
