well my 3 trades based on VP data today have been....disastrous. Oh well, the big USD/CHF one is open until next wednesday so there's still time for it to trend up above 1.8.
TRADE FOR SWAP
- #181
- Jan 13, 2006 11:44am Jan 13, 2006 11:44am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #184
- Jan 13, 2006 3:19pm Jan 13, 2006 3:19pm
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #188
- Jan 14, 2006 2:21am Jan 14, 2006 2:21am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #190
- Jan 16, 2006 5:54am Jan 16, 2006 5:54am
- | Joined Jan 2006 | Status: Always look at both scenarios | 640 Posts
Hey everyone,
This is my first posting on the forum and I would just like to say thanks to fijitrader for all the efforts that have been made to figure out some sort of system that VP can be used with. Like many of you I have only recently begun to use VP and have found the research from fijitrader and everyone else extremely valuable, so big thanks guys
I just have a couple of questions if anyone could help me. Firstly, (you'l have to understand I am new to this game) does the data for the pairs that VP produces run from 12:00am (midnight) to 23:59pm each day? Secondly, Im in the UK so does this effect the time as my midnight is ahead of the midnight in the US?
Anyway, thanks again to everyone and hopefully in the months ahead I can contribute somewhat.
FoggyTrader
p.s. to cgldsmth - I trade on Betonmarkets in addition to pip hunting so I am also looking for ways to profit in this area so hopefully one of us will find a system
Good Luck
Happy Trading
This is my first posting on the forum and I would just like to say thanks to fijitrader for all the efforts that have been made to figure out some sort of system that VP can be used with. Like many of you I have only recently begun to use VP and have found the research from fijitrader and everyone else extremely valuable, so big thanks guys
I just have a couple of questions if anyone could help me. Firstly, (you'l have to understand I am new to this game) does the data for the pairs that VP produces run from 12:00am (midnight) to 23:59pm each day? Secondly, Im in the UK so does this effect the time as my midnight is ahead of the midnight in the US?
Anyway, thanks again to everyone and hopefully in the months ahead I can contribute somewhat.
FoggyTrader
p.s. to cgldsmth - I trade on Betonmarkets in addition to pip hunting so I am also looking for ways to profit in this area so hopefully one of us will find a system
Good Luck
Happy Trading
QUOTE=foggyTrader]Hey everyone,
This is my first posting on the forum and I would just like to say thanks to fijitrader for all the efforts that have been made to figure out some sort of system that VP can be used with. Like many of you I have only recently begun to use VP and have found the research from fijitrader and everyone else extremely valuable, so big thanks guys
I just have a couple of questions if anyone could help me. Firstly, (you'l have to understand I am new to this game) does the data for the pairs that VP produces run from 12:00am (midnight) to 23:59pm each day? Secondly, Im in the UK so does this effect the time as my midnight is ahead of the midnight in the US?
Anyway, thanks again to everyone and hopefully in the months ahead I can contribute somewhat.
FT
- #195
- Jan 19, 2006 8:03am Jan 19, 2006 8:03am
- Joined Oct 2005 | Status: Trade the MAX System with me... | 1,995 Posts
- #196
- Jan 21, 2006 1:05pm Jan 21, 2006 1:05pm
- Joined Oct 2005 | Status: Trade the MAX System with me... | 1,995 Posts
Earlier in this thread I commented on using VP with eur/usd with a very simple 'set & forget' system which yielded very good results as follows:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o>
Set entry order 15 pips before predicted H/L<o></o>
25 pip S/L<o></o>
50 pip T/P<o></o>
I wrote then when VP was wrong about the predicted H/L it was usually WAY wrong, that is the value blew through the predicted value and went a considerable distance beyond. <o></o>
In examining data for 60 trading days, I had 24 winners and 30 loosers for a total net profit of approximately 450 pips. (6 no trade days)<o></o>
However, before going on to examine VP with other currency pairs, I went back and did some additional research with very interesting results. Because of the above mentioned large errors on some occasions, I wondered; what if there was a 'stop & reverse' entry order in place for the times when the value went more than 10 pips beyond the predicted H/L? This would in effect then become a 'breakout' trade (very popular for some traders). <o></o>
For the 'breakout' trades I used a:<o></o>
15 pip S/L<o></o>
35 pip T/P<o></o>
30 new trades would have been triggered with the following results:<o></o>
12 loosers<o></o>
18 winners (managing these trades would have achieved large profits on some trades!)<o></o>
<o></o>
Recap:<o></o>
First set of trades:<o></o>
<o></o>
24 winners x 50 pips = 1200 pips<o></o>
30 loosers x 25 pips = 750 pips
(450 pip gain less 108 pips for broker = 342 pip gain)
<o></o>
Second set of trades:<o></o>
<o></o>
18 winners x 35 pips = 630 pips<o></o>
12 loosers x 15 pips = 180 pips<o></o>
<o></o>
Net gain from both sets of trades: +900 pips <o></o>
<o></o>
I have not deducted broker margin from the above which would equal 84 trades times spread (2 pip spread would mean a 168 pip deduction from 900 = 732 profit)
A 732 pip profit for 60 trading days is not spectacular, but is respectable, I believe, for a 'set & forget' system that is completely mechanical. All of these trades 'could' have been minimally managed for greater profit, in some cases the increase in profit would have been substantial.
As always, this information is for educational purposes, and I welcome any and all constructive criticism and observations. I'm now moving on to scrutinize other pairs, and if anyone has a request regarding this analysis process, please let me know, here or in a PM.
<o></o>
<o></o>
></o>Set entry order 15 pips before predicted H/L<o
></o>25 pip S/L<o
></o>50 pip T/P<o
></o>I wrote then when VP was wrong about the predicted H/L it was usually WAY wrong, that is the value blew through the predicted value and went a considerable distance beyond. <o
></o>In examining data for 60 trading days, I had 24 winners and 30 loosers for a total net profit of approximately 450 pips. (6 no trade days)<o
></o>However, before going on to examine VP with other currency pairs, I went back and did some additional research with very interesting results. Because of the above mentioned large errors on some occasions, I wondered; what if there was a 'stop & reverse' entry order in place for the times when the value went more than 10 pips beyond the predicted H/L? This would in effect then become a 'breakout' trade (very popular for some traders). <o
></o>For the 'breakout' trades I used a:<o
></o>15 pip S/L<o
></o>35 pip T/P<o
></o>30 new trades would have been triggered with the following results:<o
></o>12 loosers<o
></o>18 winners (managing these trades would have achieved large profits on some trades!)<o
></o><o
></o>Recap:<o
></o>First set of trades:<o
></o><o
></o>24 winners x 50 pips = 1200 pips<o
></o>30 loosers x 25 pips = 750 pips
(450 pip gain less 108 pips for broker = 342 pip gain)
<o
></o>Second set of trades:<o
></o><o
></o>18 winners x 35 pips = 630 pips<o
></o>12 loosers x 15 pips = 180 pips<o
></o><o
></o>Net gain from both sets of trades: +900 pips <o
></o><o
></o>I have not deducted broker margin from the above which would equal 84 trades times spread (2 pip spread would mean a 168 pip deduction from 900 = 732 profit)
A 732 pip profit for 60 trading days is not spectacular, but is respectable, I believe, for a 'set & forget' system that is completely mechanical. All of these trades 'could' have been minimally managed for greater profit, in some cases the increase in profit would have been substantial.
As always, this information is for educational purposes, and I welcome any and all constructive criticism and observations. I'm now moving on to scrutinize other pairs, and if anyone has a request regarding this analysis process, please let me know, here or in a PM.
<o
></o><o
></o> Earlier in this thread I commented on using VP with eur/usd with a very simple 'set & forget' system which yielded very good results as follows:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
Set entry order 15 pips before predicted H/L<o
25 pip S/L<o
50 pip T/P<o
I wrote then when VP was wrong about the predicted H/L it was usually WAY wrong, that is the value blew through the predicted value and went a considerable distance beyond. <o
In examining data for 60 trading days, I had 24 winners and 30 loosers for a total net profit of approximately 450 pips. (6 no trade days)<o
However, before going on to examine VP with other currency pairs, I went back and did some additional research with very interesting results. Because of the above mentioned large errors on some occasions, I wondered; what if there was a 'stop & reverse' entry order in place for the times when the value went more than 10 pips beyond the predicted H/L? This would in effect then become a 'breakout' trade (very popular for some traders). <o
For the 'breakout' trades I used a:<o
15 pip S/L<o
35 pip T/P<o
30 new trades would have been triggered with the following results:<o
12 loosers<o
18 winners (managing these trades would have achieved large profits on some trades!)<o
<o
Recap:<o
First set of trades:<o
<o
24 winners x 50 pips = 1200 pips<o
30 loosers x 25 pips = 750 pips
(450 pip gain less 108 pips for broker = 342 pip gain)
<o
Second set of trades:<o
<o
18 winners x 35 pips = 630 pips<o
12 loosers x 15 pips = 180 pips<o
<o
Net gain from both sets of trades: +900 pips <o
<o
I have not deducted broker margin from the above which would equal 84 trades times spread (2 pip spread would mean a 168 pip deduction from 900 = 732 profit)
A 732 pip profit for 60 trading days is not spectacular, but is respectable, I believe, for a 'set & forget' system that is completely mechanical. All of these trades 'could' have been minimally managed for greater profit, in some cases the increase in profit would have been substantial.
As always, this information is for educational purposes, and I welcome any and all constructive criticism and observations. I'm now moving on to scrutinize other pairs, and if anyone has a request regarding this analysis process, please let me know, here or in a PM.
<o
<o
Let me know what date range you used for your 60 days and I will look for further trade filters on your above results (ie daily, wkly trends...s/r...pa analysis, all VP indicators, etc...). That way you can move on to the other pairs and I can assess your current results with further defined rules...just to see if there is a more predictable pattern.
Thx BB, your time and effort are greatly appreciated.
drjoe
- #198
- Jan 21, 2006 6:10pm Jan 21, 2006 6:10pm
- Joined Oct 2005 | Status: Trade the MAX System with me... | 1,995 Posts