pipware.com

Thanks for all the the thoughtful comments regards my earth quake situation.

Currently a curfew is in place from 7pm to 7am. We had some looting occur shortly after the earthquake hit. The central city area (5km from my house) has been evacuated due to unstable buildings and a civil defense state of emergency is in place. Water appears to still be an issue but I have power, internet, phone and television operational so consider myself very fortunate.

After-shocks (Magnitude 4-5) are quite frightening for my family but we are coping. Sleeping tonight will be difficult for many. Temperatures are expected to fall to -2 C (just below freezing) and many people still have no power.

Sorry to hear this unfortunate disaster. Praise to God your family is well. Hope you get those out in time before you go back

I mentioned TWR in a previous post and now found a formula for it:


Time-Weighted Rate of Return
The is the preferred industry standard as it is not sensitive to contributions or withdrawals. It is defined as the compounded growth rate of $1 over the period being measured. The time-weighted formula is essentially a geometric mean of a number of holding-period returns that are linked together or compounded over time (thus, time-weighted). The holding-period return, or HPR, (rate of return for one period) is computed using this formula:

HPR = ((MV1 - MV0 + D1 - CF1)/MV0)
Where:
MV0 = beginning market value,
MV1 = ending market value,
D1 = dividend/interest inflows,
CF1 = cash flow received at period end (deposits subtracted, withdrawals added back)
For time-weighted performance measurement, the total period to be measured is broken into many sub-periods, with a sub-period ending (and portfolio priced) on any day with significant contribution or withdrawal activity, or at the end of the month or quarter. Sub-periods can cover any length of time chosen by the manager and need not be uniform. A holding-period return is computed using the above formula for all sub-periods. Linking (or compounding) HPRs is done by
(a) adding 1 to each sub-period HPR, then
(b) multiplying all 1 + HPR terms together, then
(c) subtracting 1 from the product:

Compounded time-weighted rate of return, for N holding periods

= [(1 + HPR1)*(1 + HPR2)*(1 + HPR3) ... *(1 + HPRN)] - 1.

The annualized rate of return takes the compounded time-weighted rate and standardizes it by computing a geometric average of the linked holding-period returns.

Annualized rate of return = (1 + compounded rate)1/Y - 1

Where: Y = total time in years

So this is what people do after an earthquake... go figure out the formula for TWR.

Glad to know that you are all OK.

News showing very large damage around your location. Best wishes and hope, you'll come back to normality as soon as possible.

josch

HD version of Video here

HD Quality Video Here

now, i can learn more from your live trade.

Nothing better than to see honest trading - not just the glory trades. Thanks Rob. Great to learn this way.

Did another session recording for you guys. Video is a couple of seconds ahead of audio .. sorry about that.

CORRECTION : For the GU trade ... the one after the simultaneous GJ, EJ and GU get closed, I say that I closed it for +4 pips. That is incorrect ... I went to dinner and left the trade in and it ended a loser (-10 pips). Sorry for the confusion (I confused it with a later GJ trade)

HD Version Here

possible to post a screenshot of the Skype Trading Room?
Want to know what to expect in it..
thanks for all the videos..

Thanks for all the new trading videos stratman. Most generous of you! I'll go through them tomorrow once I've recovered from my night shift

The skype room has nothing more than you will find here in the thread.

My current trading approach is working well for me. I am very confident that I will be able to sustain my life style from full-time trading ie no need for a day job.

With that realisation, I have been considering my future plans regards this thread, forex software development and the pipware.com website.

If I'm to continue being part of the wider forex community, I need to find a good win/win scenario. The best I can think of is a situation where I teach a team of traders how to be profitable and I get a small return whenever they make trades (less than 0.5 pips?). This would mean no initial costs to the trader ie the team members would only need to fund a live trading account with the minimum amount the broker will allow.

Any new software I develop could be part of this deal ie the team gets it free. When I make an EA based on my trading methods, the team would use this free as well.

The team of traders win by becoming full-time traders. I win because I make a small amount on every trade.

Please feel free to comment.

Out of all the models I've seen, this makes the best sense and most ethical. 0 downside risk for the trader and you get paid when they do.

Hi Rob... it's sounds very good.. keep me informed please... cheers Jean

I've just sent you an e-mail stratman (to your gmail), but I thought I'd reply here as well for the benefit of public discussion.

I think this is a great idea. Clearly it is not worth investing large portions of your time to train beginner traders for only the cost of the dashboard, when you are doing so well in your own trading. However, training up a team appears to be a win-win situation. You inevitably get the benefit of chop from larger amounts of trading capital than you may have available to yourself, and others can collectively learn in the team environment.

I'd definitely be interested in being a part of this, and I'm sure many others would as well. I think as far as your remuneration, the best approach might simply be a percentage chop from profits. There would be some niggling things to figure out, like how to ensure that people actually comply with the agreement. I guess that could be worked out with MT4 brokers by simply providing you with the observer login/password. With other brokers, I guess people would have to provide you with generated pdf statements. In the end though, it would be reliant on goodwill from team members.

The bottom line is that there is definitely the opportunity here to build a tight team of traders who can learn and grow together in the goal of achieving consistent strong profits. Count me in

hi rob
when you are set up i would like to trade with you

regards deotoknow

Hi Rob, count me in too. Wonder if there are any system sort of like PAMM that can setup the system you mentioned. So we all can benefit from each other..

Regards
chrisyeap

Thanks for doing the videos Stratman, it's very helpful to see your thought process when trading.

I noticed the THV lights are missing from your MT4 template, have you stopped using this method for your entries?


Oh, and count me in for the trading group!