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The benchmark trading system

  • #1
  • First Post: Edited 12:59pm Apr 11, 2007 5:07am | Edited 12:59pm
Hello
I start this new thread to do a benchmark trading system. In the Trading System forum there are more then 500 threads started, mainly with trading systems. A good benchmark will be to test each other one against the other, but I give an alternative solution.
Benchmark Trading System will have random entries on 4 major pairs
EUR/USD USD/CHF GBP/USD USD/JPY
the main reason why I choose this pair is that they have the biggest volatility and a big number of trading systems refer for this pairs.
Both Take Profit and Stop Lose will be set to 20 pips from the current price.
I'll do only a trade at a time with 1 lot only

How do I enter trades (for now, soon I'll write a vb6 application)
Double click my taskbar time and take the number of second, and that is the pair i choose to enter (eg seconds = 3 then GBP/USD is the pair; seconds = 20 then USD/JPY)
Going Long or Short is decided by a coin flip. How I said earlier, only 1 trade at a time, only 1 lot

Btw: this is my 100 post, FREE DRINKS for everyone, and latter in the night free pips

Here is the link where I'll put my trading result weekly
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #2
  • Apr 11, 2007 5:14am Apr 11, 2007 5:14am
I hade this ideea a little longer ago and traded on paper so this are my trades so far(not sure for the dates, but last week 2-6.04.2007)

USD/CHF SHORT @ 1.2174 RESULT: -20 PIPS
EUR/USD SHORT @ 1.3325 -20 PIPS
EUR/USD LONG @ 1.3353 +20
USD/CHF LONG @ 1.2184 +20
GBP/USD LONG @ 1.9739 +20
USD/JPY SHORT @ 118.67 -20
GBP/USD SHORT @ 1.9682 -20
USD/JPY LONG @ 118.71 +20
USD/CHF SHORT @ 1.2226 -20
TOTAL: -20 pips so far

BIG NOTE: I don’t recommend to trade like this, this is only for benchmark.
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #3
  • Apr 11, 2007 5:18am Apr 11, 2007 5:18am
This week 9-13.04.2007

GBP/USD SHORT@ 1.9608 RESULT -20
USD/JPY SHORT @ 119.13 +20
USD/CHF LONG @ 1.2170 +20
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #4
  • Apr 11, 2007 5:19am Apr 11, 2007 5:19am
new trade
USD/JPY LONG @ 119.21
TP: 119.41
SL: 119.01

I have to remind that this are random entries, don't trade this way
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #5
  • Apr 11, 2007 12:12pm Apr 11, 2007 12:12pm
Trade close
USD/JPY LONG @ 119.21 RESULT +20 PIPS

This week 9-13.04.2007

GBP/USD SHORT@ 1.9608 RESULT -20
USD/JPY SHORT @ 119.13 +20
USD/CHF LONG @ 1.2170 +20
USD/JPY LONG @ 119.21 +20
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #6
  • Apr 11, 2007 12:15pm Apr 11, 2007 12:15pm
New trade
EUR/USD SHORT @ 1.3431
TP: 1.3451
SL: 1.3411

I have to remind that this are random entries, don't trade this way
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #7
  • Apr 11, 2007 12:21pm Apr 11, 2007 12:21pm
hi semar,

it looks like your benchmark data are currently from paper trading.
do you keep any sort of record of these benchmark results (i.e., excel spreadsheet) with which we can follow?

Possibly a permanent link in your signature.
Could you also include details on what you are aiming to achieve with these results?

Thanks much
  • #8
  • Edited 12:59pm Apr 11, 2007 12:49pm | Edited 12:59pm
i will prepare this excel sheet in the next days, and i'll put it some where visible; i put the download lin in the first post

My aim is simple, to make a benchmark system plus a personal thoguth, how many systems will be beatean by randomization... I'll try to search others systems trading results and compare it to Benchmark Trading System
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #9
  • Apr 11, 2007 3:35pm Apr 11, 2007 3:35pm
Trade close
EUR/USD SHORT @ 1.3431 RESULT +20 PIPS

This week 9-13.04.2007

GBP/USD SHORT@ 1.9608 RESULT -20
USD/JPY SHORT @ 119.13 +20
USD/CHF LONG @ 1.2170 +20
USD/JPY LONG @ 119.21 +20
EUR/USD SHORT @ 1.3431 +20

Even for me is hard to belief that I had 4 winnings random trades in a row, from which 2 were in half a day
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #10
  • Edited Apr 12, 2007 2:35am Apr 11, 2007 3:38pm | Edited Apr 12, 2007 2:35am
New trade
EUR/USD SHORT @ 1.3426
TP: 1.3406
SL: 1.3446

Random trades
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #11
  • Edited 7:27am Apr 12, 2007 2:40am | Edited 7:27am
Trade Close
EUR/USD SHORT @ 1.3426 RESULT + 20 pips

This week 9-13.04.2007

GBP/USD SHORT@ 1.9608 RESULT -20
USD/JPY SHORT @ 119.13 +20
USD/CHF LONG @ 1.2170 +20
USD/JPY LONG @ 119.21 +20
EUR/USD SHORT @ 1.3431 +20
EUR/USD SHORT @ 1.3426 -20

I can't belive me eyes, 4 winning random trades in a row, something is very strange. According to my math and to Probability System Theory and Money Management by Permanentjaun the probability of winning 4 random trades in a row is 6.25%.
Probably becouse the market is in a range
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #12
  • Apr 12, 2007 2:45am Apr 12, 2007 2:45am
New trade
USD/JPY LONG@ 119.23
TP: 119.43
SL: 119.03
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #13
  • Edited 7:26am Apr 12, 2007 7:06am | Edited 7:26am
Trade Close
USD/JPY LONG@ 119.23 RESULT +20 PIPS

This week 9-13.04.2007

GBP/USD SHORT@ 1.9608 RESULT -20
USD/JPY SHORT @ 119.13 +20
USD/CHF LONG @ 1.2170 +20
USD/JPY LONG @ 119.21 +20
EUR/USD SHORT @ 1.3431 +20
EUR/USD SHORT @ 1.3426 -20
USD/JPY LONG@ 119.23 +20

thx Traex for correcting my error
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #14
  • Apr 12, 2007 7:11am Apr 12, 2007 7:11am
Quoting semar
Trade Close
EUR/USD SHORT @ 1.3426 RESULT + 20 pips
I'm sorry to interrupt, but I thought EUR/USD hit S/L for -20 for this trade? It never went down to 1.3406 after you opened the trade.
Tra-X
  • #15
  • Apr 12, 2007 7:15am Apr 12, 2007 7:15am
New trade
EUR/USD LONG @ 1.3462
TP: 1.3482
SL: 1.3442

I really hope i don't develop some paranormal powers (not!)
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #16
  • Apr 12, 2007 7:24am Apr 12, 2007 7:24am
Quoting Traex
I'm sorry to interrupt, but I thought EUR/USD hit S/L for -20 for this trade? It never went down to 1.3406 after you opened the trade.
you are absolutly right, i got misslead by the hour (mt4 is not set to my hour)
It touched 1.3406 but 2 hours earlier. very very sorry i'll fix my mistake

No problem for the interruption, I was starting to fell lonely
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #17
  • Apr 13, 2007 3:14am Apr 13, 2007 3:14am
Semar, how about creating some unique code to develop pure randomness to the entry and exit trade whether it’s the time and also the pair; I think all the trade strategy should be compare to this random trading technique. The only drawback of this method is when market start trending.

Ps. anyway, what is your actual strategy, if I may ask? This is only benchmark strategy, is it?
  • #18
  • Apr 13, 2007 4:04am Apr 13, 2007 4:04am
Quoting laodeabdul
Semar, how about creating some unique code to develop pure randomness to the entry and exit trade whether it’s the time and also the pair; I think all the trade strategy should be compare to this random trading technique. The only drawback of this method is when market start trending.

Ps. anyway, what is your actual strategy, if I may ask? This is only benchmark strategy, is it?
I will develop this app this week-end if I have time using true randomisation. How the name says it, this is only a benchmark strategy to be compared with other trading systems.
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #19
  • Apr 13, 2007 4:11am Apr 13, 2007 4:11am
Trade close
EUR/USD LONG @ 1.3462 RESULT +20 PIPS

I'll end this week and take the rest of the day off. This are the results for the week 9-13.04.2007

GBP/USD SHORT@ 1.9608 RESULT -20
USD/JPY SHORT @ 119.13 +20
USD/CHF LONG @ 1.2170 +20
USD/JPY LONG @ 119.21 +20
EUR/USD SHORT @ 1.3431 +20
EUR/USD SHORT @ 1.3426 -20
USD/JPY LONG@ 119.23 +20
EUR/USD LONG @ 1.3462 +20
Total: +80 pips

I personally didn't except this result, how I said earlier i'll develop a app to enter random trades and them compare future result with this.
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #20
  • Apr 13, 2007 4:36am Apr 13, 2007 4:36am
Quoting semar
I will develop this app this week-end if I have time using true randomisation. How the name says it, this is only a benchmark strategy to be compared with other trading systems.
I’m waiting to see it…. Hope you can finished it.

Regards,
Andy Laodeabdul
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