Journal related to: Spud's MTF Stochastics

This period I stopped auto trading to fix a time discrepancy from my price data feed to my PC clock. I did a bit manual scalping on very low time frame with the rope.


PICTURES are GMT -5

THIS TRADING PERIOD

START Balance: 98522.73
END Balance: 100420.98

Trades: 12
Profit: 11 | Loss: 1

TOTAL TRADING PERIOD

START Balance: 100000.00
END Balance: 100420.98

Trades: 14
Profit: 12 | Loss: 2

Sorry i am unable to post. I trade GBPUSD most always, and EURGBP at times. I have not traded EURUSD for a long time, as it is one currency (along with JPY) that I don't have success with. I will follow along for a while, then, if i begin to understand the currency better (and indicators) I may jump in.

Happy trading all

Thanks macK for letting us know. I think you don't have to get into EUR/USD to implement Spud's MTF Stochastic. I would stick with what you are most familiar.

Wish you all the best too.

Well, I've had an abysmal day trying to sort out Alpari, all to no avail. I can't use my usual Broker, Broco Trader, because I can't open a Euro account with them so I've opened a new one direct with Metatrader which seems to test ok so I'll start again tomorrow.

Good job there weren't many trades with Alpari to loose.

Looks like I've got some catching up to do MJ, you had a good day today

hi Merlyn,

I sent you a Private Message with some question how we both should proceed best -- not sure if you got it.


By the way since I corrected the time discrepancy my bot's seem to get better along again. -- night was quite positive -- but no trade yet on my Account I use for this journal.

Because of the drop out of some and not enough participants the rest of us decided to stop this joined effort.

To Finish I post here the complete report so far:


PICTURES are GMT -5


THIS TRADING PERIOD

START Balance: 100420.98
END Balance: 101435.15

Trades: 12
Profit: 11 | Loss: 1

TOTAL TRADING PERIOD

START Balance: 100000.00
END Balance: 101435.15

Trades: 16
Profit: 14 | Loss: 2

I have been spending much of my time learning TKPower8 ATM method, now off his website http://www.electrolegal.com/ . He had his first free gotomeeting webinar this last Sunday. CanuckCT covered the third hour with his personal twists on the method.

I am still learning to catch the signals in a timely fashion. Will add some MTF stochs to the setups and see how that goes.

Thanks mooselover for the info.

I have at the moment 3 new methods testing - the most extended Spud's MTF stochastics. And have one still to finish programming .. But I think I will still focus on Spud's MTF stochs for at least a month or so - testing over 30 Accounts at the moment with different settings - wish produces each day about 30 Gig Log files -- in case I want to look something up.

I think I will continue my extensive tests and see how it goes.

Having said that I might still look in the future into the TKPower8 ATM myself to see if there is something useful to it.

Note Balance is up already to 103533.19€


A Perfect LONG Trade before the down movement. TP was auto calculated at Market Order entry -- bit lucky too - most of the time I do not get it that exact.

To nice to hide it ;-)

I decided I will post from time to time (not exactly sure how regular) still my process on this one account - maybe someone is interest.


I will use the FXHat analyse tool (I still use the freeware) for the pics. And just post the transaction sometimes in a csv file (txt extension to upload).

TOTAL TRADING PERIOD 1 Week.

START Balance: 100000.00
END Balance: 104401.19

Pic - Time Zone: GMT (note Transaction.txt has different time zone GMT+5)

hi mooselover,

you mind find this thread interesting.

4.3% in 1 week is very good, congrats. I'd like to see what this account can be by using 100% of margin though. The reason I bring this up, your last trading day, Friday, you made only 1 trade that resulting in a $800 profit. Maybe you limit your risk based on how proper of a setup it is?
To increase your margin to the maximum, select "Tools", "User Preferences", "Trading" tab and "Default Order Size" set to 100%.
Good luck, chris.

[quote=M_j;2489693]I decided I will post from time to time (not exactly sure how regular) still my process on this one account - maybe someone is interest.


I will use the FXHat analyse tool (I still use the freeware) for the pics. And just post the transaction sometimes in a csv file (txt extension to upload).

TOTAL TRADING PERIOD 1 Week.

hi systemofthewave,

> 4.3% in 1 week is very good, congrats.

thanks. But i would not put too much into this short data. Anyway if you follow my posting you will know that I'm just started a testing phase still not convinced if this will work out profitable.


> Maybe you limit your risk based on how proper of a setup it is?

Yes I do that. again if you follow my posting you will know that each trade's Unit Size is calculated in a quite complexed way to achieve this. (sadly in praxis this does not always work out perfectly)


> To increase your margin to the maximum, select "Tools", "User Preferences", "Trading" tab and "Default Order Size" set to 100%.

if you follow my posting you will know that I do not manually trade this. So this changes would not effect any trades.



> I'd like to see what this account can be by using 100% of margin though.

Thanks for your interest. But I have to disappoint you, I have no intend to overrule my Money Management settings.

If you read the related postings you would know that I'm just testing - I would count it a huge a success if I can achieve constantly 4 % a week (even the half would be quite ok, wouldn't it)
But actually I do not expect that it will be constantly that much - even not sure if it will be profitable


thanks anyway and good trading to you

To show also the looser. Actually perfect looser from today ;-)

Did some additional manual scalping after the 'perfect looser from above ;-)

for anyone following along:

I will reset this account and do some adjustments.

WHY:

1. I'm NOT satisfied with my results above. -- well the 5.7 % return in about 6 trading days is nice -- BUT I did interfere with manual scalping - even though basically based on MTF stochs I do not like that as it does not show the true automatic trading results.

2. since 19th January I made about 1800 trades in my 30 test accounts average 60 trades per account (about 10 a day)
(many are the same as some accounts use just slightly different settings)
The overall results are NOT good enough. (having said that there is still a couple of accounts with 100 % winning trades).

3. I will check all through and look how I could improve on it. There are still some improvement possible which I know.

4. I used this account to participate for the first time in a forex contest
(and did some extreme manual testing to see how seriously one can take this contest results. I think one can manipulate the outcome - will know by tomorrow.)



I will share later on some of my findings regarding to Spud's MTF Stochastic.

Some points:

1.Check 34 accounts trading about 6 trading days.

2. all of this accounts I checked had no special MM applied: only Unit size changed according to my probability rules. Same for all accounts.

settings varied from small differences to big.

None of the accounts where manually traded at all.

Also be aware this is NOT 100% accurate as sometimes a trading Bot might crash or so ----but I believe it to be very good accurateness.

3. For all 34 accounts:

* TOTAL Trades:1846 (depending on settings this includes many same entries.)

* TOTAL Trades:1846

* TOTAL PROFIT Trades:1298

* TOTAL LOSSTrades:548

* Profit/Loss Trade Percentage:

Profit: 70.31% Loss: 29.69

* Total MONEY LEFT: 98.35 % (this does not mean much as that depends on Unit Size) but it says enough to know on average this would be a loosing strategy for the past 6 days.


* 100 Looser Accounts: 1

1. Account: 4 Trades --> 4 Looser

* 100 Winner Accounts: 3

1. Account: 6 Trades --> 6 Winner

2. Account: 7 Trades --> 7 Winner

3. Account: 2 Trades --> 2 Winner

* No TRADE Accounts: 4

Conclusion problem with Winner accounts: until now they have all too less trades to say much.



Interesting facts:

* it seems that the entries are not all too bad:

even though there where a few more looser, it is clearly seen that accounts with higher TP settings did better which means the entry could produce most of the time more than what I took with my fix TP setting.

So I will properly include also some accounts with trailing SL.


* for anyone interesting: it is worth playing with different SL settings

* Also: I used only EUR/USD which in a past test actually had the worth performance among different pairs.
But for further testing I still stick to it (EUR/USD only)

* TRYING TO FILTER BAD ENTRIES: even though most winning accounts where more filtered - the overall picture is not so clear. A good number of more filtered accounts turned bad:
e.g the only 100 % looser account was one with more filters.
trouble is filter can produce also late entries which turn bad - as well the even greater problem: produces much less trades and then it is enough for just a couple of them to turn into looser to spoil the joy ;-)

CONCLUSION:

Even though not satisfying there is a number of small improvements I will try. Still will not apply any proper MM for testing.

The real difficulty like with any system is to get the TP/SL ration best for the 'normal' currency pair behaviour -- or filter so much to reach the 100% winning trades. (which is never guaranteed). result can be not getting enough trades to have a meaningful return: see my 4 Accounts with 0 trades (well it was only 6 trading days)

having said all that above - there is still something which draws me this system: (hope it is not only because of much time invested

NEW BEGINNING !!


I reconfigure all of my bots - and they are up and running again.

I will use again one account to post transaction logs from time to time: only very small changes to before on that account: mainly increased TP and reduced SL.

Testing also trailing STOP on 4 accounts. But as I just go for small pips I do not expect to get good results. properly the trailing SL will be hit too early and reduces the profit. but we will see.....

Good luck and those are indeed nice results.