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  • #381
  • Sep 19, 2010 7:35pm Sep 19, 2010 7:35pm
Quoting shag3doo
steve's latest modification did really well. It did crash on 2008 but as you can see, the results are quite good.
Any curve-fitting occurring?

I like your last comment "results are quite good".

Is there just a small tweak and that big drop doesn't occur? What variable do you think that is, just curious?
We are our own best indicator.
  • #382
  • Sep 19, 2010 8:47pm Sep 19, 2010 8:47pm
@bluemele,

i haven't tested it on a larger balance. It could have salvaged the trade.

I think hedging is really something to look into. I've been thinking about this since last night maybe this sample computation could work.

Let's set a number of pips we could afford to loose for better gains before we start hedging

pipsbeforehedge = 12
hedgelotmultiplier = 1

assuming trade was opened with any of bob's EA condition
if trade1 = -12 pips start hedging

the tricky part is when to close the trade1 and hedge trade.
- candle check?
- higher time-frame stoch?

the thing is just like the last scenario, we won't need a very large account to sustain the trade. average drawdown would be 12 pips + spread. which is way better than 200 pips or more. take profit option could be set at the original trigger which we know by now as bob mentions, retrace is likely to occur.


sorry if this is a dumb suggestion but still figuring out how to prevent very large drawdowns. i know loosing is part of it but hopefully we could loose less and win more. I'm not sure if some would agree, the thing is we are not seeing larger loss because we try to curve the equity with the recovery trade. Not that i completely disagree with how the recovery trade is being handled but the floating pips is something to look into. the floating would have been larger than 15 pips which we already recognized as loss when we started to hedge.
  • #383
  • Sep 19, 2010 9:53pm Sep 19, 2010 9:53pm
Quoting shag3doo
steve's latest modification did really well. It did crash on 2008 but as you can see, the results are quite good.
YOU have to recall what happened around February March 2008, It was the time of what Bob calls SUPER NEWS Story. Therefore
you would not have been trading those Lots from End of February 2008 to 16th March 2008. Below is an extract from Independent on Sunday 16th March 2008 Edition with the fears of depression surfacing.

"Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn (£150bn) was wiped off the US equity markets on Friday following the emergency funding package put together by the Federal Reserve and JPMorgan Chase to rescue Bear Stearns.

One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said they had never experienced such fear. The Fed's emergency funding procedure was first used in the Depression and has rarely been used since."

Kind Regards
  • #384
  • Sep 20, 2010 4:19am Sep 20, 2010 4:19am
short xxjpy pairs
Hero calls followed by margin calls...
  • #385
  • Sep 20, 2010 4:40am Sep 20, 2010 4:40am
Quoting PhAnTi'
short xxxjpy pairs
HI

I hope you had a nice weekend. Just had a look at xxxJPY there does not seem to be anything immediate, maybe couple of pairs for #3 bulge EA, mind you at present anything could happen to the YEN, so we have to be cautious. There does not seem to be that many positional trade set ups thus far we see what happens later on.

Kind regards
P.S. Sorry I did not get back to you sooner. Unfortunately I do not have a skype account, however, we can discuss things here and there are many people here who are more knowledgeable and experienced than me.
  • #386
  • Sep 20, 2010 4:47am Sep 20, 2010 4:47am
Quoting astral77
HI

[color=black][font=Verdana]I hope you had a nice weekend. Just had...
alright
hope usdjpy is gonna retrace soon...1.0 lot : P
Hero calls followed by margin calls...
  • #387
  • Sep 20, 2010 7:38am Sep 20, 2010 7:38am
Quoting shag3doo
@bluemele,

i haven't tested it on a larger balance....
I have found that you take your lumps and your returns are pretty good.

I have seen probably dozens of people pass through this thread with the same mission. Some obsessed with removing -DRAWDOWN. I don't think you can do it.

I like Toothman's idea of just putting in a stop.

hedging gets complicated. I know... I do it...
We are our own best indicator.
  • #388
  • Sep 20, 2010 8:00am Sep 20, 2010 8:00am
mahhh no entrys....
low monday opening : p
Hero calls followed by margin calls...
  • #389
  • Sep 20, 2010 8:18am Sep 20, 2010 8:18am
Quoting PhAnTi'
mahhh no entrys....
low monday opening : p
Yes it is a bit slow but I had a successful one on EURCAD this morning. Unfortunately reversed a took my TSL for +30 pips then continued. But hey I'm not complaining. A reasonable start of the week.

Then took AUDCAD (EA2) and EURGBP (EA1). Both hovering around BE. These two did not have RWD at extreme but I felt they were reasonable setups. AUDCAD well above gold and BW above 85 and E2 setup. EURGBP I thought was a secondary trade at a resistance line. I am still finding my way with secondaries so they may well back fire. We shall see.
  • #390
  • Sep 20, 2010 8:34am Sep 20, 2010 8:34am
Quoting Zr-fx
Yes it is a bit slow but I had a successful one on EURCAD this morning....
I'm still short on usdgpy with 1.0 lot...hope it doesn't kill me ; D
Hero calls followed by margin calls...
  • #391
  • Sep 20, 2010 9:17am Sep 20, 2010 9:17am
Quoting PhAnTi'
I'm still short on usdgpy with 1.0 lot...hope it doesn't kill me ; D

i like it. aggressive. i like your style.

but i think you should get out. blues all the way to the otherside and even moving back up. ask yourself, would you "get in" now? at this moment... if you were NOT already in?
  • #392
  • Sep 20, 2010 9:23am Sep 20, 2010 9:23am
Quoting PhAnTi'
I'm still short on usdgpy with 1.0 lot...hope it doesn't kill me ; D
Trading 1 lot == MINIMUM 100K account.

I hope it doesn't kill you either.

Never ever ever get comfortable. Always think the next move is a 1500 pip move with little retracement.

Always be cautious. You will get your pips either way.

Just my 2 1/2 cents.
We are our own best indicator.
  • #393
  • Sep 20, 2010 9:26am Sep 20, 2010 9:26am
Quoting chiba_san
i like it. aggressive. i like your style.

but i think you should get out. blues all the way to the otherside and even moving back up. ask yourself, would you "get in" now? at this moment... if you were NOT already in?

i'll give it a try : p
i know it's gonna hit the 30 tp
Hero calls followed by margin calls...
  • #394
  • Sep 20, 2010 9:30am Sep 20, 2010 9:30am
Quoting bluemele
Trading 1 lot == MINIMUM 100K account.

I hope it doesn't kill you either.

Never ever ever get comfortable. Always think the next move is a 1500 pip move with little retracement.

Always be cautious. You will get your pips either way.

Just my 2 1/2 cents.
microaccount

1 pip = 1 cent
Hero calls followed by margin calls...
  • #395
  • Sep 20, 2010 9:38am Sep 20, 2010 9:38am
Ok, I am getting beat up some on the AUD pairs again.

Being cautious on the JPY pairs and limiting my entries and setting BE very quickly. Worked well thus far.

USD seems to be getting killed. Not a lot of primary trades, so I took a few 2ndary and only one GBPJPY worked out so far with a nice 70 pips or so....

Now, if that AUD and EUR would drop, I would be up a few hundred pips and it would be a great start to the week! Either way, great start! haha...

We are our own best indicator.
  • #396
  • Sep 20, 2010 9:45am Sep 20, 2010 9:45am
Quoting bluemele
Ok, I am getting beat up some on the AUD pairs again.

Being cautious on the JPY pairs and limiting my entries and setting BE very quickly. Worked well thus far.

USD seems to be getting killed. Not a lot of primary trades, so I took a few 2ndary and only one GBPJPY worked out so far with a nice 70 pips or so....

Now, if that AUD and EUR would drop, I would be up a few hundred pips and it would be a great start to the week! Either way, great start! haha...

same here,
aud/usd is my biggest dd at the moment.
i managed to get out of gbp/jpy nearly at the today's bottom with a good amount of green pips.
meine augen sind die sterne
  • #397
  • Sep 20, 2010 9:47am Sep 20, 2010 9:47am
Quoting bluemele
Ok, I am getting beat up some on the AUD pairs again...
Same here, I was tempted to close the whole lot last week but though twice about it, anyhow see how it goes. very quite day thus far just took EURCAD trade. It is OK there are days like this and as BOB says the system keeps you out of trouble. Mind you made few pips trading David`s 4H trendline scalping, it shows promise.

Kind regards
  • #398
  • Sep 20, 2010 9:53am Sep 20, 2010 9:53am
Quoting astral77
Same here, I was tempted to close the whole lot last week but though twice about it, anyhow see how it goes. very quite day thus far just took EURCAD trade. It is OK there are days like this and as BOB says the system keeps you out of trouble. Mind you made few pips trading David`s 4H trendline scalping, it shows promise.

Kind regards
Monday's are notorious for being slow and Friday's are notorious for being fast.

Scoobs.
  • #399
  • Sep 20, 2010 10:18am Sep 20, 2010 10:18am
Quoting scooby-doo
Monday's are notorious for being slow and Friday's are notorious for being fast.

Scoobs.
Hmmm ..... didn't realise that girls in Singapore are named after days of the week.

You live & learn
  • #400
  • Sep 20, 2010 10:22am Sep 20, 2010 10:22am
Quoting macman
Hmmm ..... didn't realise that girls in Singapore are named after days of the week.

You live & learn
Hero calls followed by margin calls...
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