- | Commercial Member | Joined Feb 2011 | 26 Posts
See yourself in Abundance.
FILIPINOs = WORLD CLASS. LONG LIVE PHILIPPINES
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
ACD Method on GBP/JPY One trade a day 451 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
The best way to trade is one trade a day 76 replies
two version of FF tunnel Chart, one say down, one say up, which one is correct? 3 replies
DislikedAnd here is my comparison.....between my feed on Strategy Trader (FXCM) and Metatrader (Alpari)
There are obviously slightly differencies, this happens on every broker feed, but there is a day (4th of February) where the difference is very huge.
On Strategy Trader I have a win, and in MT4 I have a loss, this makes big difference in total pips.
Both calculations are before spread...so the pips count is even worse in both cases with spread added.
Can someone copmare my data with his own? I want to understand why on 4th of February there is...Ignored
DislikedWhat was the main reason why the GBP/USD fell despite of positive forecast and result?
Im wondering. i really want to catch the trend to profit.
but it hit my stop loss on a sudden at 2/16/2011 10AM UK. ??
it shoot down so fast.
Anyone could help me?
thanx..Ignored
DislikedAre you really not happy with a 10% monthly?? Even some professional traders can't do this percentage consistently....
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DislikedCan someone copmare my data with his own? I want to understand why on 4th of February there is so much difference, maybe is a FXCM data feed error...Ignored
DislikedHere's ours side by side (sorry I didn't make it pretty).
I don't record the actual open/close prices - just the final pips. The big difference for me was 1-February, which is the only day so far in Feb that we would have entered in different diretions based on the 01:00 vs 00:00 candles. Net difference of about 13 pips there, but otherwise, the differences all seem to be just data feed and spread. So, this does show how significant a difference those two factors can make.Ignored
DislikedGood stuff here Dave. Since the market is always changing, it can't be solved like a puzzle, but the more familiar we are with it the more likely we are to succeed.
This is currently the biggest question I have with this system. Is it profitable (or most profitable) in the long run only shooting for 10% then stopping. What is the best way to get the most out of this system in a month. In my opinion, if the mm is good enough to shoot for 10% then why stop there? The big question for me is at what target do I want to recalculate the next target...Ignored
Dislikedcgrey has provided us with an edge (the 12 / 8 GMT candles) and a framework to profit from this (monthly targets). It is now up to us as individuals to profit based on our finances / risk tolerance / preferences etc. For example in my testing I am choosing to leave profits in the account to compound, you may choose to make a fixed / variable withdrawal at the end of each month. There are many factors that will affect how much money you win or lose on this or any system!
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DislikedIf you go back through history you will see as cgrey has mentioned that there are many months where we lose (much of the last half of 2009 from memory).Ignored
DislikedHi, I have posted above my opinion on this above - again this is only my opinion + testing on my tweaked version of this.
I like your analogy of a puzzle, my puzzle currently is why I am unable to profit with this system before Jan 2007! What changed in the market around this date, what triggered it, and is a reversal on it's way?Ignored
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When you say "many months where we lose", are you referring to having drawdown before coming back to close the month out in profit? In 2009, by my testing, there were only two months that ended as net losers, but there were several that didn't make the 10% target, but still were net positive for the month. Overall, it was still an extremely profitable year (something like 65% if I recall)...Ignored
DislikedHi, this may well be a mistake on my part - I have many versions of this system (capped drawdowns / different profit resets etc) with results recorded on spreadsheets...Ignored
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edit --- you may well be onto something with that wikipedia link here is a pdf which goes into more detail: http://www.bis.org/publ/qtrpdf/r_qt1012e.pdf
hope it is of interest.Ignored