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GBP/USD - one trade a day

  • #661
  • Apr 4, 2011 8:15am Apr 4, 2011 8:15am
Quoting cgrey
Which broker? Both of my demos (IBFX and MB Trading) and my live account all had small wins today.
Aargh! Quite right. It should have been a small win (again). Adjusted the time the wrong direction

That's a rubbish start to the month on my demo account. Oh well - tomorrow's another day
  • #662
  • Apr 4, 2011 8:34pm Apr 4, 2011 8:34pm
Got a late start to this month - I was away for the weekend. I've had the original G/U system running in a couple of separate demos, so I've got accurate results for it in post #1.

I've also set up a demo for the combined three systems traded as a collection. 1% risk per trade per day (max 3% risk per day). Progress can be tracked in a trade explorer I set up (just view my profile to see it). First trade(s) will be taken Tuesday 5-April. This demo exactly mirrors the live account that was set up for this collection of systems - same broker, same rules, different balance.
  • #663
  • Apr 5, 2011 2:09pm Apr 5, 2011 2:09pm
Hi cgrey,

Thanks for sharing your results in the trade explorer.

I have started the month again, and trying to trade your 3 systems concurrently in pursuit of the monthly 10% target.

May I ask whether you are aiming for 3.3% growth per system in your money management? So the original system would be SL=20, and initial target=67, risking 1%?

Cheers.
  • #664
  • Apr 5, 2011 2:16pm Apr 5, 2011 2:16pm
Quoting erwal
Hi cgrey,

Thanks for sharing your results in the trade explorer.

I have started the month again, and trying to trade your 3 systems concurrently in pursuit of the monthly 10% target.

May I ask whether you are aiming for 3.3% growth per system in your money management? So the original system would be SL=20, and initial target=67, risking 1%?

Cheers.
No, In this particular demo, I'm treating all of these as one big collection. If I hit 10% by having 8% in one 1.5% in another and 0.5% in the third, that's fine with me - 10% is 10%

The only modifications to the original G/U strategy are that the risk is lowered to 1% (still the same 20-pip stop), and TP is always 5% (1:5 risk:reward). The G/U trade will still close at 09:00GMT if it hasn't hit TP or SL.
  • #665
  • Apr 5, 2011 3:04pm Apr 5, 2011 3:04pm
Quoting cgrey
No, In this particular demo, I'm treating all of these as one big collection. If I hit 10% by having 8% in one 1.5% in another and 0.5% in the third, that's fine with me - 10% is 10%

The only modifications to the original G/U strategy are that the risk is lowered to 1% (still the same 20-pip stop), and TP is always 5% (1:5 risk:reward). The G/U trade will still close at 09:00GMT if it hasn't hit TP or SL.
Sounds like a good set up. I like spreading the risk a bit, even for a side project. One side effect that I like about these little side projects/strategies (other than killing time) is it keeps you up to date on what's going on with other currencies from the direct results. I may have mentioned this before in here, but I sometimes enter nano sized trades on a testing/tracking sub account just to track what other pairs are doing.
  • #666
  • Apr 6, 2011 1:38am Apr 6, 2011 1:38am
cgrey,

i am demoing USDCHF, EURJPY as per your settings, here are my thoughts so far

1. USDCHF range is always too small, around 5-10 pips and even in this narrow range most of times we dont get signals in 1 hour. if u get signal, then it can easily hit SL as the range is small. spread constitutes a major portion of the PL.

2. EURJPY has good range. but lot of times its hitting SL. Since we are closing the trade in profit (first bar that gives u profit), most of times, the profit is small compared to SL. If you hit SL 4 times, then you will probably need 12 profits to come to BE. I am not able to understand wheres the edge considering the risk reward.
  • #667
  • Apr 6, 2011 4:52am Apr 6, 2011 4:52am
Quoting roundrock
cgrey,

i am demoing USDCHF, EURJPY as per your settings, here are my thoughts so far

1. USDCHF range is always too small, around 5-10 pips and even in this narrow range most of times we dont get signals in 1 hour. if u get signal, then it can easily hit SL as the range is small. spread constitutes a major portion of the PL.

2. EURJPY has good range. but lot of times its hitting SL. Since we are closing the trade in profit (first bar that gives u profit), most of times, the profit is small compared to SL. If you hit SL 4 times, then...
Yeah, these two, I didn't go as far back as with G/U when I found them. I have no idea how they'll work out. Each of them did show some big moves during the hours we're looking at them. USD/CHF is up to something like 12 consecutive wins in my demo, 0.1% was the smallest and 2.4% the largest. But, yes, time will tell on these. Lumping them together with the original G/U is, as 2+2 said previously, spreading the risk a little, and giving us a few more opportunities to hit one of the bigger hours on a couple more pairs.

I'll see what the balance looks like at the end of the month and decide whether it's worth going forward from there...
  • #668
  • Apr 6, 2011 6:12am Apr 6, 2011 6:12am
today GU gave 72 pips profit

EJ gave 9 pips

UC stopped out.
  • #669
  • Apr 6, 2011 7:46am Apr 6, 2011 7:46am
Quoting roundrock
today GU gave 72 pips profit

EJ gave 9 pips

UC stopped out.
Different brokers continue to be factor.

I stopped out on GU (by 0.1 pips ), +16 on EJ and no entry on UC.
  • #670
  • Apr 12, 2011 4:43pm Apr 12, 2011 4:43pm
Hello Cgrey Thanks for detailing your system (GU) - I am been demo trading it for a while & yesterday was stopped out 23pips less than my stop as price gapped through. I assume when you backtested this system that gapping could not be tested. Given your forex experience do you think that gapping through our stops will be a problem with this system or this this a very rare occurence. Thanks for detailing your systems for us to use. Bidgy
  • #671
  • Apr 12, 2011 5:02pm Apr 12, 2011 5:02pm
Quoting Bidgy
Hello Cgrey Thanks for detailing your system (GU) - I am been demo trading it for a while & yesterday was stopped out 23pips less than my stop as price gapped through. I assume when you backtested this system that gapping could not be tested. Given your forex experience do you think that gapping through our stops will be a problem with this system or this this a very rare occurence. Thanks for detailing your systems for us to use. Bidgy
Gaps in GU should not be a common thing. I know it's a demo account, but what broker are you using? What time did you get stopped out?
  • #672
  • Apr 12, 2011 6:22pm Apr 12, 2011 6:22pm
Quoting Bidgy
Hello Cgrey Thanks for detailing your system (GU) - I am been demo trading it for a while & yesterday was stopped out 23pips less than my stop as price gapped through. I assume when you backtested this system that gapping could not be tested. Given your forex experience do you think that gapping through our stops will be a problem with this system or this this a very rare occurence. Thanks for detailing your systems for us to use. Bidgy
If you get gaps between 08:00 and 09:00GMT, it's a platform and/or data issue. Generally, any broker's demo platform will be less reliable than their live platform (less important to them, and they will often use the demo environment for testing), but if gaps other than Sunday nights become a regular issue in a live platform, you would probably want to start looking for a different broker. The only time you would expect to see gaps are at the market open after the weekend (Sunday afternoon/evening or overnight depending on what time zone you're in).

All of that said, there can occasionally be news during the 08:00GMT hour. While not a gap, there can be wide variances in whether or not your orders (open or close) get filled (or slipped) during these volatile times. But that's not just this system, that's a function of the market in general and the quality of your broker.
  • #673
  • Apr 13, 2011 6:09pm Apr 13, 2011 6:09pm
Thanks Cgrey & 2+2 for your replies- I have been trialing doing FX trading on a CFD platform. I will change this & start to look for a FX Platform - the data may be more reliable. Cheers Bidgy
  • #674
  • Apr 17, 2011 11:18pm Apr 17, 2011 11:18pm
Hello. Hope all of you are well. Just stopping by to say hello.
  • #675
  • Apr 20, 2011 11:08am Apr 20, 2011 11:08am
cgrey, thanks for continuing to update the results. I see today's hasn't been updated yet, but maybe you just haven't gotten around to it.
  • #676
  • Apr 20, 2011 11:14am Apr 20, 2011 11:14am
Quoting 2+2=4ex
cgrey, thanks for continuing to update the results. I see today's hasn't been updated yet, but maybe you just haven't gotten around to it.
Hey 2+2...

I've been unable to connect to the VPS that runs this demo and one of my others. Today was a winner, I just don't have the exact number until I can look at the account history. Hopefully, my VPS provider will have that box up soon.

Also been more focused on my "real" trading the past few days. You can usually tell if I've closed my books for the month yet based on how active I am on the forum
  • #677
  • Apr 20, 2011 11:21am Apr 20, 2011 11:21am
Ugh... Just checked my trade explorer in my profile. The 3-pair demo is on that same VPS, and I see there were no trades reported by it today.

I suspect that box has been down since last night, and probably didn't take the G/U trade either.

I know there was a G/U trade in my live account today, so I'll need to do the math to determine what the result in the demo would have been based on the # of pips gained in live. I'll try to get it updated later tonight.
  • #678
  • Apr 20, 2011 11:35am Apr 20, 2011 11:35am
Cool, thanks cgrey.
  • #679
  • Apr 20, 2011 11:38am Apr 20, 2011 11:38am
today i got 22 pips profit, i was in 60 pips profit at one point
  • #680
  • Apr 20, 2011 8:15pm Apr 20, 2011 8:15pm
Finally got it updated. The VPS is another story... I'll have to plug in results based on the live account results, and the 3-pair demo in the trade explorer will also not be updating.

I've not had a whole lot of luck keeping demos going the past few months (though this time, it's not the broker or the platform's fault)...

I'll try to get something new set up for May....
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