Floydian's new buy & sell stop system | Forex Factory

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Floydian's new buy & sell stop system

  • #1
  • First Post: Feb 11, 2011 6:23am Feb 11, 2011 6:23am
As you can see I love to trade with interesting and non conservative strategies. Please, if you dont believe in this kind of systems, do not post! Thank you!

I think the picture is enough to understand the system. At the buy stops the mt4 open long trades, at the sell stops the mt4 open short trades. The gaps are 30 pips between the lines. What do yo think? Imagine, that we can add more trades of course.

Theres is no stop loss, and take profit. At this time, I build up the system.

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: vegtelenitett.gif Size: 22 KB
Develop the old ways! Backtest with 25% quality... JOKE!
  • #2
  • Feb 11, 2011 6:33am Feb 11, 2011 6:33am
It's a Grid trading, AFAIK: http://www.forexfactory.com/showthread.php?t=99592
  • #3
  • Edited 7:03am Feb 11, 2011 6:53am | Edited 7:03am
Under construction
Develop the old ways! Backtest with 25% quality... JOKE!
  • #4
  • Feb 11, 2011 9:02am Feb 11, 2011 9:02am
Quoting floydian666
As you can see I love to trade with interesting and non conservative strategies. Please, if you dont believe in this kind of systems, do not post! Thank you!

I think the picture is enough to understand the system. At the buy stops the mt4 open long trades, at the sell stops the mt4 open short trades. The gaps are 30 pips between the lines. What do yo think? Imagine, that we can add more trades of course.

Theres is no stop loss, and take profit. At this time, I build up the system....
How do you exit, if you have no SL and no TP? and why 30 pip gap?
  • #5
  • Feb 11, 2011 9:38am Feb 11, 2011 9:38am
This won't work in the US. Actually, this won't work anywhere
  • #6
  • Feb 11, 2011 10:15am Feb 11, 2011 10:15am
Letīs say you have a "bankroll" of 1.000 $ - maybe it would work with 1 cent pip size and using no stop loss and a fixed tp. For a while.

You will suffer a huge dd at some point.

You can still try this in the US. With Oanda you can "hedge" using a sub-account.
  • #7
  • Feb 11, 2011 11:24am Feb 11, 2011 11:24am
Now I'm testing on my demo account, and it's not bad. I'm using it with an automatic trade closer script (EA), and close at a fix daily gain(2,5%). The strat is running on 8 pair.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #8
  • Feb 11, 2011 12:58pm Feb 11, 2011 12:58pm
I don't understand how this system could work without a stop loss.
  • #9
  • Feb 11, 2011 1:00pm Feb 11, 2011 1:00pm
Quoting 2+2=4ex
I don't understand how this system could work without a stop loss.
It could work....the only problem is you NEED really really deep pockets when it gets in a range....in a good trend it kicks but!!
  • #10
  • Feb 11, 2011 1:26pm Feb 11, 2011 1:26pm
Quoting Dredding82
It could work....the only problem is you NEED really really deep pockets when it gets in a range....in a good trend it kicks but!!
On the contrary, if you're opening up in both directions like the OP suggests, then a range is the best you could hope for.

If you're only opening up positions in the direction of the trend it will work, so long as the trend continues. However, what do you do when it reverses and you're left with "danglers"?

Even with really deep pockets you still have to open up very very small positions. Then it becomes a matter of is it really worth risking a huge drawdown (and time, which is opportunity cost) to make a very small profit per position?
  • #11
  • Feb 11, 2011 1:33pm Feb 11, 2011 1:33pm
Quoting 2+2=4ex
On the contrary, if you're opening up in both directions like the OP suggests, then a range is the best you could hope for.

If you're only opening up positions in the direction of the trend it will work, so long as the trend continues. However, what do you do when it reverses and you're left with "danglers"?

Even with really deep pockets you still have to open up very very small positions. Then it becomes a matter of is it really worth risking a huge drawdown (and time, which is opportunity cost) to make a very small profit per position?...
I wrote an EA that does the same thing years ago.........TRUST ME......Trend is good RANGE IS BAD!
  • #12
  • Feb 11, 2011 1:37pm Feb 11, 2011 1:37pm
Quoting Dredding82
I wrote an EA that does the same thing years ago.........TRUST ME......Trend is good RANGE IS BAD!
Did your EA place orders in both directions (buy and sell)? If so, were the orders placed based on time intervals or equally spaced from other orders (grid-like)?
  • #13
  • Feb 11, 2011 1:47pm Feb 11, 2011 1:47pm
Quoting floydian666
Now I'm testing on my demo account, and it's not bad. I'm using it with an automatic trade closer script (EA), and close at a fix daily gain(2,5%). The strat is running on 8 pair.
When does your script close trades? Is it on hedged demo account? Or one trade cancels the other?
I found a penny today. That's +100 pips for me.
  • #14
  • Feb 11, 2011 2:31pm Feb 11, 2011 2:31pm
Quoting 2+2=4ex
Did your EA place orders in both directions (buy and sell)? If so, were the orders placed based on time intervals or equally spaced from other orders (grid-like)?
Both ways....and you could pick how far apart....it works sometimes but then when it ranges like a mofo you better hope your lot size is right and your balance is big enough lol
It had everything even went account profit % reached close all orders...it works yes but you HAVE TO HAVE DEEP POCKETS
  • #15
  • Feb 12, 2011 2:50pm Feb 12, 2011 2:50pm
This is why I'm using it on a lot of pairs. If some pair is ranging I can win with the others... This is the diversification.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #16
  • Last Post: Feb 12, 2011 3:32pm Feb 12, 2011 3:32pm
Quoting floydian666
This is why I'm using it on a lot of pairs. If some pair is ranging I can win with the others... This is the diversification.
Dude you can try but i am telling you ...... it wont work i had an EA doing it on 18 pairs and it didnt work
all the profit you did make would go to keep the other trades going...in the end you LOSE!
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