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Journal related to: Spud's MTF Stochastics

  • #21
  • Jan 14, 2009 3:23am Jan 14, 2009 3:23am
Quoting macK
screenshot... saw an opportunity off 5,15,30 and took it. I was late in closing so only got 43 pips. was unsure in exit and delayed to the cost of 24pips. (trade went 67 pips before reversing)
have tried to attach image of screenshot, but again, i am very untalented when it comes to puters... (I am a retired bookkeeper...

Excellent.

Well you for sure have an advantage with money as a former bookkeeper ;-)

Some small points for the REAL START on MONDAY: (reset your demo on Sunday to a fresh 100 000 so we start all the same)


I never executed a single trade on MT4 so I don't know what would be best to post. But I will have a look and maybe some others know if it is easy to show a screen with the Trade itself too.

Anyway keep up getting yourself familiar.
__Thanks__ MJ
  • #22
  • Jan 14, 2009 3:55am Jan 14, 2009 3:55am
  •  Trader#51E1
  • | Status: Unregistered Trader
will go in and reset, or start new demo for Monday...

u know how a kid is in a candy store... just couldn't resist the trade..

see ya Monday
  • #23
  • Jan 14, 2009 4:04am Jan 14, 2009 4:04am
just keep on. Nothing better than experimenting -- But reset for Monday.
__Thanks__ MJ
  • #24
  • Jan 14, 2009 4:33am Jan 14, 2009 4:33am
Quoting <br /> @ Merlyn: &gt; So I guess you are also not any more in your twenties ;-)..................................<br /> <br /> [COLOR=Blue
Would have a question:[/color] in your profile you write: Day trader/scalper using a combination of Spud's Mtf Stochastic and Woodies CCI

To you still use this combination ? and if so - would you say it is profitable (as you posted this below about 9 month ago!

MJ
Let's just say that the first record that I bought was Rock Around the Clock by Bill Haley and the Comets

Yes, I still trade a Rope/CCI combination, with a few little helpers thrown in, and it CAN be very profitable. I emphasise CAN because I believe that without proper money management and personal discipline any system will ultimately fail.
TTFN Merlyn
  • #25
  • Jan 14, 2009 4:48am Jan 14, 2009 4:48am
Quoting Merlyn
Let's just say that the first record that I bought was Rock Around the Clock by Bill Haley and the Comets

Bill Haley - Rock Around The Clock (1956)
Inserted Video


Well, will be a real interesting project to learn from you people.

Shame I did not hear from some others like CindyXXXX and so...
__Thanks__ MJ
  • #26
  • Edited 3:33am Jan 16, 2009 1:56am | Edited 3:33am
Hi Last post of mine before we start on Monday our joined effort.


I just want to post this last pic as it shows my preferred entry GMT -5 for this joined effort. This does not come to often - so properly I will not have every day a trade.
This will have definitively also down side to it: In my opinion few trades do not scale so well to Money Management based on UnitSize - as well there is a high danger to get one looser to destroy the work of a few days or weeks. I might have to adjust my approach during this time - if I get to few entries.

I will use SL and TP settings (no trailing SL). And put good Value into my trades. My Money Management will be a dynamic calculated (quite complicated based on past performance which does not scale all that well with just a few trades and each trade on positive expectation )

My personal aim would be to be up at least 6 % (106000 EUR) by the end of 3 weeks.


I hope that at least one of us manage to achieve 3 % by the end of 3 weeks. Less would be in my opinion no success (which does not necessary imply the methods do not work depending on the market circumstances and taking into account the short period of 3 weeks and also 3% do not necessary mean it works either just one lucky trade could achieve such ;-)

MJ


BTW: my test account will be set to max leverage 50:1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot.png Size: 20 KB
__Thanks__ MJ
  • #27
  • Jan 19, 2009 1:45pm Jan 19, 2009 1:45pm
Hello Chaps,

Does anyone know how to save the MT4 detailed transaction report in a format that I can attach to one of these posts? It normally saves them in HTML which I do not seem to be able to attach.
TTFN Merlyn
  • #28
  • Jan 19, 2009 1:50pm Jan 19, 2009 1:50pm
Quoting Merlyn
Hello Chaps,

Does anyone know how to save the MT4 detailed transaction report in a format that I can attach to one of these posts? It normally saves them in HTML which I do not seem to be able to attach.
After saving it as HTML, print it as a PDF file. To install a PDF printer on your machine, go to http://www-pdfcreator.com/ -- it is the best FREE PDF printer I ever found.
  • #29
  • Jan 19, 2009 2:01pm Jan 19, 2009 2:01pm
Quoting Walad100100
After saving it as HTML, print it as a PDF file. To install a PDF printer on your machine, go to http://www-pdfcreator.com/ -- it is the best FREE PDF printer I ever found.
Thanks, I'll see what I can do.
TTFN Merlyn
  • #30
  • Jan 19, 2009 2:18pm Jan 19, 2009 2:18pm
That link for PDFcreator is for a free 2 day trial.

Alternatively it is possible to select the HTM data, click and drag the mouse and paste it into Word doc or Excel. I copy the tabled data portion into Excel to further analysis quite frequently like determining each trade's pip move and collapsing multiple entries of same time/pair into one trade.
  • #31
  • Jan 19, 2009 2:31pm Jan 19, 2009 2:31pm
PICTURES are GMT -5

THIS TRADING PERIOD

START Balance: 100000.00
END Balance: 98522.73

Trades: 2
Profit: 1 | Loss: 1

TOTAL TRADING PERIOD

START Balance: 100000.00
END Balance: 98522.73

Trades: 2
Profit: 1 | Loss: 1

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Journal_Log_1.png Size: 39 KB
Click to Enlarge Name: ScreenShot_1.png Size: 26 KB
__Thanks__ MJ
  • #32
  • Jan 19, 2009 2:39pm Jan 19, 2009 2:39pm
Started @ 08:00 GMT so missed the big drop @ 07:00 .

Got 1 quick one in when mooching around the pivot line then had to drive from London to Wales unexpectedly and missed the next big drop .

Still, there's plenty more trades down the road
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MTF Statement 1.JPG Size: 76 KB
Click to Enlarge Name: MTF Statement 1.gif Size: 5 KB
TTFN Merlyn
  • #33
  • Jan 19, 2009 3:07pm Jan 19, 2009 3:07pm
hi Merlyn,

nice start. will study tomorrow your trades.

Question: do you know if the time in the log is GMT time or a other time zone?


I will be off now - good night.
__Thanks__ MJ
  • #34
  • Jan 19, 2009 3:23pm Jan 19, 2009 3:23pm
Quoting M_j
hi Merlyn,

nice start. will study tomorrow your trades.

Question: do you know if the time in the log is GMT time or a other time zone?


I will be off now - good night.
GMT +1, so your time I suppose .

Good night.
TTFN Merlyn
  • #35
  • Edited 2:43am Jan 20, 2009 2:29am | Edited 2:43am
hi

I attach a small pdf which shows settingsto use with the pdf converter.

Hope this helps.


First export the MT4 AccountHistoy: Save as Report.
Attached Image
Attached File(s)
File Type: pdf HtmlToPdfConverterSettings.pdf   164 KB | 465 downloads
__Thanks__ MJ
  • #36
  • Jan 20, 2009 3:23am Jan 20, 2009 3:23am
Quoting Merlyn

Got 1 quick one in when mooching around the pivot line
hi Merlyn,

I'm studying your trade (even opened a demo at Alpari to easier follow youhttp://www.forexfactory.com/images/icons/icon12.gif I checked out FxPro (macK) and OANDA(mine) there are differences especially on the lower TimeFrames.

There are 2 things I would be interested so far:

1. I suppose you used the 1 min chart as only there one sees the drop ?

2. What was your reason to enter this trade? properly not the Rope I suppose from the pic below ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot.png Size: 50 KB
__Thanks__ MJ
  • #37
  • Jan 20, 2009 5:42am Jan 20, 2009 5:42am
Quoting M_j
hi Merlyn,

I'm studying your trade (even opened a demo at Alpari to easier follow youhttp://www.forexfactory.com/images/icons/icon12.gif I checked out FxPro (macK) and OANDA(mine) there are differences especially on the lower TimeFrames.

There are 2 things I would be interested so far:

1. I suppose you used the 1 min chart as only there one sees the drop ?

2. What was your reason to enter this trade? properly not the Rope I suppose from the pic below ?
Hello MJ,

I use Spud's original rope settings with the addition of the 100 (money line) stoch, all set to 14,3,3. You seem to have most of yours set to x,1,1.

In the following charts the direction of stochs shown is not necessarily the same as it was while the bar was forming so some, such as the blue ones in M15 and those in the M1 chart for example, might appear to be going the wrong way at bar close.

I also use HA candles to help confirm direction of price.

Starting with the M15, all 3 charts said go short at the time of the trade.

1st chart is M15, then M5, then M1.

My main entry time frame is M5 the others being used for confirmation of direction. M5 showed a classic elastic trade where price returns to the main trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m15.gif Size: 32 KB
Click to Enlarge Name: m5.gif Size: 26 KB
Click to Enlarge Name: m1.gif Size: 29 KB
TTFN Merlyn
  • #38
  • Jan 20, 2009 5:47am Jan 20, 2009 5:47am
I'm having terrible trouble with Alpari this morning, it's using all of my processor power and slowing everything down, actually crashed twice. I'll try to fix it today.
TTFN Merlyn
  • #39
  • Jan 20, 2009 8:19am Jan 20, 2009 8:19am
Quoting Merlyn
I'm having terrible trouble with Alpari this morning, it's using all of my processor power and slowing everything down, actually crashed twice. I'll try to fix it today.
We are 2.

I stopped auto trading for some hours by now as I discovered a time discrepancy between the price feed and my computer clock. (just some seconds but still enough to bother me as I execute always 1 sec after candle close)

So I will try to fix that too today.


Anyway thanks for your explanation above -- I think after the first week we might get into interesting discoveries from one another.
__Thanks__ MJ
  • #40
  • Edited 10:04am Jan 20, 2009 8:29am | Edited 10:04am
Quoting Merlyn
Hello MJ,

I use Spud's original rope settings with the addition of the 100 (money line) stoch, all set to 14,3,3....
> You seem to have most of yours set to x,1,1.

YES


> In the following charts the direction of stochs shown is not necessarily the same as it was while the bar was forming so some ..

So you do not only consider Closed Candles but also the current one?

I just consider closed Candles. but generally I try to check them 1 second after the have closed.


> M5 showed a classic elastic trade where price returns to the main trend

I don't trade elastic trades at all
__Thanks__ MJ
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