Hi guys.
I did some testing of EuroUsd, and this is what I came up with:
The cross is a good deal more volatile than any time before the middle of 2008, and it is possible the earning potential of Firebird will be enhanced by a wider stop loss margin.
On the picture you can see two envelopes: the blue one is related to Low, shift 1, deviation 4% (which represents 540 pips). The red one is related to High, with the same settings. As you can see this period since Dec 08 to the present day has only triggered this 540 pip SL five times. A SL of 300 pips would have been triggered many many more times, due to the volatility.
Samuraj kindly explained his settings and mentioned he estimates 400 pips gain per day in an unbroken trend, and a 500 pip hit when the trend breaks, based on trendline automatic stop. For my earnings potential calculation I have used 300 pips gain per day and a 870 pip hit when trend reverses. I have used the simplest most automatic method of reversing the driving of Firebird (No need for complicated positioning of trend-lines). If during any day a SL is hit all trades are cancelled and the next day trades in the opposite direction are started. No thinking is required for this, just a mechanical application of this change over when a stop loss is hit (Can be done with the automated trend-line, by putting it where SL is likely to be hit).
Starting with $2500, and compounding all the interest, it seems as if it is possible to reach $25000 in less than a year ( I have real data from Dec 2008, and have extrapolated future figures on these.)
Please tell me my calculation is correct
D
I did some testing of EuroUsd, and this is what I came up with:
The cross is a good deal more volatile than any time before the middle of 2008, and it is possible the earning potential of Firebird will be enhanced by a wider stop loss margin.
On the picture you can see two envelopes: the blue one is related to Low, shift 1, deviation 4% (which represents 540 pips). The red one is related to High, with the same settings. As you can see this period since Dec 08 to the present day has only triggered this 540 pip SL five times. A SL of 300 pips would have been triggered many many more times, due to the volatility.
Samuraj kindly explained his settings and mentioned he estimates 400 pips gain per day in an unbroken trend, and a 500 pip hit when the trend breaks, based on trendline automatic stop. For my earnings potential calculation I have used 300 pips gain per day and a 870 pip hit when trend reverses. I have used the simplest most automatic method of reversing the driving of Firebird (No need for complicated positioning of trend-lines). If during any day a SL is hit all trades are cancelled and the next day trades in the opposite direction are started. No thinking is required for this, just a mechanical application of this change over when a stop loss is hit (Can be done with the automated trend-line, by putting it where SL is likely to be hit).
Starting with $2500, and compounding all the interest, it seems as if it is possible to reach $25000 in less than a year ( I have real data from Dec 2008, and have extrapolated future figures on these.)
Please tell me my calculation is correct
D
ay, period:1) based on the low of the day indicates how high the price can go before that lowest position is tripped and the other, based on the high of the day, is the same but reverse.
