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  • #497,421
  • Jul 22, 2011 10:16am Jul 22, 2011 10:16am
Quoting Ravissek
Hi traders.I must ask you what amount of pips do you make in month?
I have backtested my strategy and it make around 300/month and I dont know how much is it...Good or bad...Or normal amount.Thanks!
it's not the amount of pips that are important. it's the percentage of gain that counts.
  • #497,422
  • Jul 22, 2011 10:17am Jul 22, 2011 10:17am
Quoting OldQuant
How many trades does your strategy make?

If it makes 500 trades a month, that amount is far too low (think about "statistical significance" tests when there are that many trades).

If it makes 10 trades per month and that level is consistent over months with different overall price action "character," that's not only good, it's something you could live on. Well.
It makes average 4,4trades monthly. 6,5months-29trades

Quoting pkimnyc
it's not the amount of pips that are important. it's the percentage of gain that counts.
2,44% monthly
  • #497,423
  • Jul 22, 2011 10:19am Jul 22, 2011 10:19am
Quoting Ravissek
It makes average 4,4trades monthly. 6,5months-29trades


2,44% monthly
kk. is your risk greater than 2.44 or less?

let's put it this way....
what's the percentage of risk you take per trade? 1% 2%?
what the percentage of gain you are looking to get? 4% or 6% and so on...
  • #497,424
  • Jul 22, 2011 10:21am Jul 22, 2011 10:21am
Quoting attila
I have been watching and thinking if somebody would hurt my 11 mo daughter, I would follow them to whatever $hithole they came out of, castrate them and then chop them to fuc*king pieces.
Regardless of what you might have thought of the political slant to it, one of the most interesting plot lines in the West Wing series was when the President's daughter was kidnapped by terrorists, and he exercised the 25th Amendment, giving his political enemy the acting presidency, because he felt he could not trust his judgment in that circumstance.

Any good parent would have your reaction. Terrorist against children is not only a horrendous sin, it's horrendously stupid.
  • #497,425
  • Jul 22, 2011 10:24am Jul 22, 2011 10:24am
more down in next week, here is reasons ...

in 1h chart there is cross in pitch fork line

http://i.imgur.com/BJNMz.gif

daily chart

http://i.imgur.com/vie3l.gif

weekly

http://i.imgur.com/sble7.gif
  • #497,426
  • Jul 22, 2011 10:25am Jul 22, 2011 10:25am
Quoting Ravissek
It makes average 4,4trades monthly. 6,5months-29trades


2,44% monthly
Sorry, your punctuation is making me not understand your results. European use of "," where US uses ".", I think, but still confused by the numbers...

EDIT; Never mind; I got it: 29 trades in 6 and a half months. pkimnyc's comment is very central: what kind of draw down during trades?
  • #497,427
  • Jul 22, 2011 10:25am Jul 22, 2011 10:25am
Quoting pkimnyc
kk. is your risk greater than 2.44 or less?
Dont know.EA says risk is 10....dont know what it is..10%?
In backtest it have 2,92 profit factor
Average Profit:202$
Average Loss:70$
Biggest profit:489$
Biggest loss:100$

6,5 months-5,5 months profitable 1 month loss
  • #497,428
  • Jul 22, 2011 10:26am Jul 22, 2011 10:26am
Have a nice weekend ,I am out of here ,good luck to all of you
  • #497,429
  • Jul 22, 2011 10:28am Jul 22, 2011 10:28am
Quoting sofia101
Yes it is also sad that nobody in this thread notice it ,they all busy trying to guess up or down ,well let me make it easy on all of you ,it is still bearish ,and will be until it will break 1.4520 ,and it will not happened anytime soon
dont get me wrong.. im selling today all day.. but charts are bullish; starting from:

1.monthly.. breakout that UTL.. at 4300 and 2 times tested, still no close below that UTL - now in third month singe the breakout..
2. Weekly.. nice bullish trend.. [since 1.180] with last 2 weekly bars bullish in formation, forming another bull flag above the monthly breakout level..
3. same applied to daily, 4H and 1h.. interesting is that even all that time we havent seen any serious Pullback or retracement on higher TF, what we are seeing today is only Fib 382 on 1h.. - again - no fib50 or even larger scale of retracement..

what is left is 15min Timeframe.. which I agree is bearish.. and probably we are going towards the 4300 area, where my 4H -10sma [low] is or FE 61.8

cheers..
  • #497,430
  • Jul 22, 2011 10:31am Jul 22, 2011 10:31am
Quoting OldQuant
Regardless of what you might have thought of the political slant to it, one of the most interesting plot lines in the West Wing series was when the President's daughter was kidnapped by terrorists, and he exercised the 25th Amendment, giving his political enemy the acting presidency, because he felt he could not trust his judgment in that circumstance.

Any good parent would have your reaction. Terrorist against children is not only a horrendous sin, it's horrendously stupid.
There are TWO things that should never be done:

For us, employing nuclear weapons. For them, going after children. I remember those that took school children hostages in russia somewhere and they strapped bombs on them. Savages should be treated as such. No mercy whatsoever.... Oh well, back to trading... This thing ain't moving.
  • #497,431
  • Jul 22, 2011 10:31am Jul 22, 2011 10:31am
Quoting Ravissek
Dont know.EA says risk is 10....dont know what it is..10%?
In backtest it have 2,92 profit factor
Average Profit:202$
Average Loss:70$
Biggest profit:489$
Biggest loss:100$

6,5 months-5,5 months profitable 1 month loss
you gotta think about the risk before entering trades. and don't let your ea tell you what the risk was.

ex. 2% risk for 4%-6% gain per trade and so on....

if your risk is greater than the gain then consider that as a bad trade even if you walk out with gain.

i would strongly suggest that you go over this over the weekend and figure out your risk vs reward throughly. proper money management is the only thing that will keep you ar'd this business. 2c.
  • #497,432
  • Jul 22, 2011 10:35am Jul 22, 2011 10:35am
Hey there,

I have to correct you, its not a pitch fork, its called a "Median Line" - which is used to create a pitchfork

Pitchforks have a upper and lower levels with a wick sticking out of its backside

Do good stuff

Steve

Quoting Raghu_C
more down in next week, here is reasons ...

in 1h chart there is cross in pitch fork line

http://i.imgur.com/BJNMz.gif

  • #497,433
  • Jul 22, 2011 10:35am Jul 22, 2011 10:35am
Its about 4% risk per 10% gain in 1 trade.Average
  • #497,434
  • Jul 22, 2011 10:35am Jul 22, 2011 10:35am
Quoting Piters
dont get me wrong.. im selling today all day.. but charts are bullish; starting from:

1.monthly.. breakout that UTL.. at 4300 and 2 times tested, still no close below that UTL - now in third month singe the breakout..
2. Weekly.. nice bullish trend.. [since 1.180] with last 2 weekly bars bullish in formation, forming another bull flag above the monthly breakout level..
3. same applied to daily, 4H and 1h.. interesting is that even all that time we havent seen any serious Pullback or retracement on higher TF, what we are...
I have to leave in a few minutes ,but I do have pending order to buy from 4278 ,even if I think it could go lower,cheers ,good luck
  • #497,435
  • Jul 22, 2011 10:35am Jul 22, 2011 10:35am
Quoting attila
There are TWO things that should never be done:

For us, employing nuclear weapons. For them, going after children. I remember those that took school children hostages in russia somewhere and they strapped bombs on them. Savages should be treated as such. No mercy whatsoever.... Oh well, back to trading... This thing ain't moving.
Not agreeing with the children aspect at all, but you are missing one factor.

Some motives are believed to be bigger than life itself. Add religion and justification into that everything is justified.

Every country, society and gov't in history, EVERY one of em, has killed men women and children.

Does the ends justify the means? sometimes yes and sometimes no ... but that is a question answered differently by everyone.
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #497,436
  • Jul 22, 2011 10:43am Jul 22, 2011 10:43am
Quoting pennies
Add religion and justification into that everything is justified
Some say there was as slight translation glitch and they're not getting 72 virgins but 72 raisins. Seriously....

Can you imagine them over there? 72 RAISINS? WTF? LOL.
  • #497,437
  • Jul 22, 2011 10:44am Jul 22, 2011 10:44am
Quoting Ravissek
Its about 4% risk per 10% gain in 1 trade.Average
good. as long as your reward is greater than the risk, you should be good.

personally i wouldn't go more than 3% risk, but that's your risk appetite.
  • #497,438
  • Jul 22, 2011 10:46am Jul 22, 2011 10:46am
Quoting attila
Some say there was as slight translation glitch and they're not getting 72 virgins but 72 raisins. Seriously....

Can you imagine them over there? 72 RAISINS? WTF? LOL.
It's a little bit more complicated than that, but I am in the US and I don't see anyone outside protesting all the civilians we have killed ... Just say'n.

The other factor is making it personal, until then, the motivation to protest isn't really there.
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #497,439
  • Jul 22, 2011 10:49am Jul 22, 2011 10:49am
Quoting Ravissek
Its about 4% risk per 10% gain in 1 trade.Average
Your results sound very encouraging, subject to the comments that have been made about risk control.

In general, it is true that the most successful traders trade strategies with lower frequency, such as your's seems to do.

This is not always true, and not meant to start a debate: it's simply an observation that, unless someone has an uncanny means to filter signal from noise in the high time frames, it is very difficult for "day traders" whether in stocks, commodities, or forex, to be consistently profitable.
  • #497,440
  • Jul 22, 2011 10:52am Jul 22, 2011 10:52am
Quoting pennies
It's a little bit more complicated than that, but I am in the US and I don't see anyone outside protesting all the civilians we have killed ... Just say'n.

The other factor is making it personal, until then, the motivation to protest isn't really there.
There were anti war protests.... Lots of them... No anti terrorists protests though in the arab world... All I remember were them dancing in the streets after 9/11. War is ugly and should not be taken lightly, I totally agree. Unfortunately we did not evolve much since the ancient history to today. We should have learned, but we didn't. Show a man a fist and you'll get a fist back, open your hand and you'll get an opened hand back. It's simple actually....
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