DislikedI don't get it.
In your chart, the buy occurred when the red ema was below the H of the first weekly bar and the black was above the H of the first weekly bar.
That does not meet either Condition 1 or 2.Ignored
- #24
- Aug 31, 2009 11:10am Aug 31, 2009 11:10am
- Joined Jul 2007 | Status: 33 y/o Investor/Trader/Programmer | 5,016 Posts
anyway, those are just my own personal feeling on the situation, but that has nothing to do with the thread at hand, if someone could shed some light on this to help me understand it better that would be great.
But back to topic at hand
Last night, I did not update my stoploss according to the RED MA before I went to sleep (it was in mid 4h bar) and the trade stopped out at 151.42 for a total loss of 71 pips, I do not think I will be re-entering any downtrend trades this week given the S&R we are approaching. I recommend everyone do the same if their trades get stopped out.
Here is an image of my last trade.
But back to topic at hand
Last night, I did not update my stoploss according to the RED MA before I went to sleep (it was in mid 4h bar) and the trade stopped out at 151.42 for a total loss of 71 pips, I do not think I will be re-entering any downtrend trades this week given the S&R we are approaching. I recommend everyone do the same if their trades get stopped out.
Here is an image of my last trade.
- #27
- Aug 31, 2009 11:40am Aug 31, 2009 11:40am
- Joined Jul 2007 | Status: 33 y/o Investor/Trader/Programmer | 5,016 Posts
I would like to note that with hedging, this trade had a return of -4 pips on my live account, and on my demo FXDD (no hedging) has returned -71 pips.
That's a difference of 69 pips which results in my live account loss totaling 2.84% of the Demo Accounts loss. That's a rather nice drawdown reduction
That's a difference of 69 pips which results in my live account loss totaling 2.84% of the Demo Accounts loss. That's a rather nice drawdown reduction
Pharaoh I'mfollowing this thread too. It's an interesting concept. It will be interesting to see how it backtests.
As far as FF rules it's safe to not mention any commercial intent at all. Even mentioning you don't have a commercial intent attracts attention
I think I have one infraction where I posted a link to a thread where they were talking about some commercial endeavor. I had no idea.
Sandy
As far as FF rules it's safe to not mention any commercial intent at all. Even mentioning you don't have a commercial intent attracts attention
I think I have one infraction where I posted a link to a thread where they were talking about some commercial endeavor. I had no idea.Sandy
- #31
- Aug 31, 2009 2:43pm Aug 31, 2009 2:43pm
- Joined Jul 2007 | Status: 33 y/o Investor/Trader/Programmer | 5,016 Posts
Unfortunately for me, I missed the trade (wasn't expecting this much down/up action so close to the beginning of the week) but lets follow it like as if I had made the trade.
In this chart, the trade would have executed at the top breakout point, price 152.37, with a stoploss of 151.44
Lets hope this trade is more favorable (for anyone who caught it)
In this chart, the trade would have executed at the top breakout point, price 152.37, with a stoploss of 151.44
Lets hope this trade is more favorable (for anyone who caught it)
I took the trade on my demo account when the price moved back under the long entry (to keep all my records exact) and it got stopped out at 151.44 for a loss of 93 pips.
So far this week, we have lost 164 pips, but like any trend system, ranged = painful.
Just to note, on my live account with hedging, This week would have totaled a net loss of 8-12 pips depending on broker spreads. That's a very impressive difference in loss. I cannot verify the exact figure of this because I missed the innitial trade on both my demo and live accounts (and was not about to buy on a downward retrace) but the first trade this week was hedged on my live account and lost out only 4 pips, I expect this would have done the same.
So far this week, we have lost 164 pips, but like any trend system, ranged = painful.
Just to note, on my live account with hedging, This week would have totaled a net loss of 8-12 pips depending on broker spreads. That's a very impressive difference in loss. I cannot verify the exact figure of this because I missed the innitial trade on both my demo and live accounts (and was not about to buy on a downward retrace) but the first trade this week was hedged on my live account and lost out only 4 pips, I expect this would have done the same.
Last night another breakout occured, I personally am not trading anymore this week, but lets look at this chart and see the trade anyway.
Now in this chart a short order would have been executed, with a spike following the next bar that stopped out the trade at 151.40 for a loss of 69 pips this trade.
I would like to note that this trade when hedged would have totaled a loss of -4 to -8 pips.
Total Loss without hedging this month 233 pips, with hedging there would have been a loss this month of about 12-18 pips.
I noticed while typing this reply that the price has broken out of the bottom buffer zone (which would have been a short order) so lets follow it like as if it was a trade. (note, I'm done trading this week, this is just for analytical data.)
Order would have been executed at 150.71, with a stoploss of 151.40, next stoploss move is going to be Break Even.
Now in this chart a short order would have been executed, with a spike following the next bar that stopped out the trade at 151.40 for a loss of 69 pips this trade.
I would like to note that this trade when hedged would have totaled a loss of -4 to -8 pips.
Total Loss without hedging this month 233 pips, with hedging there would have been a loss this month of about 12-18 pips.
I noticed while typing this reply that the price has broken out of the bottom buffer zone (which would have been a short order) so lets follow it like as if it was a trade. (note, I'm done trading this week, this is just for analytical data.)
Order would have been executed at 150.71, with a stoploss of 151.40, next stoploss move is going to be Break Even.
I would like to point something out at this time.
The reason we only follow the Red MA until Break Even is this reason.
Notice that the price retraced back above the Red MA which is pointed out by the arrow. Should this trade continue in your favor, and you continued to follow the Red MA past Break Even, you would have been stopped out.
The reason we don't follow the Red MA Past Break Even is because the market is a living thing, it needs room to breath. This is why we follow Break Even until the Black MA passes over. Breathing room.
The reason we only follow the Red MA until Break Even is this reason.
Notice that the price retraced back above the Red MA which is pointed out by the arrow. Should this trade continue in your favor, and you continued to follow the Red MA past Break Even, you would have been stopped out.
The reason we don't follow the Red MA Past Break Even is because the market is a living thing, it needs room to breath. This is why we follow Break Even until the Black MA passes over. Breathing room.
..... I myself know that this system is fantastic, and with hedging, this system is dynamite.....
