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The Recent Only Real Deal in My Head

  • #61
  • May 12, 2011 11:49pm May 12, 2011 11:49pm
Week 19 (09-13 May 2011)
Risk : 153 pips risk
Trade : Buy at 1.6472
Trade Result : Exit at Stop Loss Buy at 1.6319 (153 pips loss)
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #62
  • Edited May 17, 2011 8:45am May 16, 2011 10:21pm | Edited May 17, 2011 8:45am
Hello all. Thanks RoelsMajor for your thoughts and contributions.

Hello cgrey and roundrock! What's up fellas!

Hermit, thanks for your contributions as well. I like the idea of passing on the methodology of trading to your children. There's so much they can take out of it and apply to their lives when they become adults, even if they don't end up trading for a living.

Personally, I am not going to trade this method only because I think I could trade better using my long term methodology which involves weekly charts. You should be able to make money trading just a naked weekly chart and incorporating good money management (R:R). However, I think it is a good method for a novice trader in order to learn the dynamics of general price action and trends. It is also good practice for formulating consistency and methodology (a routine basically). I think this method is best suited for a beginner (or a child as hermit said).

cgrey, interesting thoughts on the 1 hour. You have me thinking about it. I will have to test it out. Now I have something to do when I'm bored! Most people like to make their "systems" less robust on smaller timeframes. I'm the opposite. If I'm going to come down to 1 hour I want something more rigid and less discretionary. I figure the larger the quantity (of trades) the more rigid I want parameters. I also don't want my head to explode.
  • #63
  • Jul 14, 2011 5:30pm Jul 14, 2011 5:30pm
Quoting cgrey
In a nutshell, by the original rules posted, this system is a loser over the past 4+ years. Tradestation summary report and equity graph are attached.

Since it was quite clearly pointed out earlier that this is "a once a week trade method ..... NOT HOURLY...... ", I guess I will leave my comments at that. For those that aren't afraid to bend the rules sometimes, I'd encourage you to experiment with it... it is quite a performer on H1 when traded in the direction of the trend and some sensible money management is applied.
4 years at one trade a week would be over 200 trades surely , you only have half that number??
  • #64
  • Jul 14, 2011 5:32pm Jul 14, 2011 5:32pm
Quoting cgrey
Slightly better results for just this year with your modified rules: OCO orders and close at the end of the week whether in profit or not. But still a loser for me on Tradestation. This is trading one standard lot per order. My guess as to why my results are so much different than yours could be the difference between your broker's weekly opening time and Tradestation's. I threw this strategy together off of Tradestation's weekly candles, and NOT 00:00GMT Monday as your outlined in the first post. To be honest, it would be more work than I'd...
Again, 4 months and four days at one trade per week would be be 17 trades, you only have 10. Something is not right with your back testing.
  • #65
  • Jul 15, 2011 3:59am Jul 15, 2011 3:59am
Quoting TheGreatMilenko
Again, 4 months and four days at one trade per week would be be 17 trades, you only have 10. Something is not right with your back testing.
So, let's see your back testing - I'm sure that will help us all. I've not seen any posts in almost 2-months that show any evidence that this system is profitable, which is exactly what my back testing has shown.
  • #66
  • Jul 15, 2011 4:47am Jul 15, 2011 4:47am
Quoting TheGreatMilenko
Again, 4 months and four days at one trade per week would be be 17 trades, you only have 10. Something is not right with your back testing.
You may not have a trade every week.
  • #67
  • Jul 15, 2011 6:40am Jul 15, 2011 6:40am
Quoting ash234
You may not have a trade every week.
Yeah, you're right.Good point.
  • #68
  • Oct 8, 2012 10:53pm Oct 8, 2012 10:53pm
Quoting stimpy
how can you say its a nice simple system when you clearly do not know what is going on?
LOL
  • #69
  • Last Post: Oct 8, 2012 11:47pm Oct 8, 2012 11:47pm
Quoting stimpy
how can you say its a nice simple system when you clearly do not know what is going on?
most hilarious post on the thread, thanx

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