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Almost SET n FORGET

  • #41
  • Sep 12, 2011 6:05am Sep 12, 2011 6:05am
Quoting behman8850
When does your day starts? I am in USA so My day start will be when? Fxdd day starts at 5 pm est. Pl. advise me. Thanks.
the start day is GMT 0....
Simplicity your Life
  • #42
  • Edited 6:20am Sep 12, 2011 6:06am | Edited 6:20am
Quoting bobasker
Trades taken so far, I'm using GMT 00.00 for the start of the day.

AU + 100
AJ + 100
EU + 86 (closed it manualy after it missed take profit by 4 pips) wondering if we need to use a trailing bot to manage trades, i'd be totally pissed if the 100 pip target was missed by a few pips and then it went on to hit our stop, which looks like it's going to do.

Trades I'm still in,

GU - 65 @ time of post
GN - 15 @ time of post
Great to see you grap those pips...

i agree with you.. TP at 90 pips is better IMHO
Simplicity your Life
  • #43
  • Sep 12, 2011 6:11am Sep 12, 2011 6:11am
Quoting josechu
good morning, Sirs

I'm new here. I'ver read carefully this thread, founding it quite interesting. So far I have a couple of doubts:

- I'm from Spain, so when you say to set the orders at the opening, I guess you mean 23:00 GMT+1, rigth?
- On post#6, why did you sell @ 1,43? Are you meaning that during the day, we have to monitor mkt to change orders if SMAs change?
- what happen with gaps? Today you posted SELL on E/U, E/J but at the opening both were below the your level

thks and rgds,



Josechu

post #6 has the same situation like post #8
I LIVE IN GMT+7 time ZONE...

i look at the chart every 7am here

btw, i use ikofx...
Attached Image (click to enlarge)
Click to Enlarge Name: eu today.gif Size: 13 KB
Simplicity your Life
  • #44
  • Sep 12, 2011 6:15am Sep 12, 2011 6:15am
change order for EURCHF

sell stop at 1.2200
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf change.gif Size: 12 KB
Simplicity your Life
  • #45
  • Sep 12, 2011 6:41am Sep 12, 2011 6:41am
Do you only take one trade per pair per trading day?

lets say we open our charts @ GMT 23.55 and find EU still in a down trend and is near our first entry level at say 1.4000, we enter our order and forget about it.........we come back @ say GMT 04.00 and find EU has reversed and hit our stop and is now trading @ 1.5350 and the 10sma is still bellow the 100sma, would you enter another sell order at 1.5000? or would you wait until the next trading day?
  • #46
  • Sep 12, 2011 8:37am Sep 12, 2011 8:37am
exactly, what if E/U (or any other pair) is downtrending, our sell stop is hit, mkt changes up, hits our SL and keep on moving up so that goes over the two SMAs. do you buy or just stay calm?

and how do you trade with gaps? pls watch the E/U last august 8th

thks and rgds
  • #47
  • Sep 12, 2011 9:32am Sep 12, 2011 9:32am
wondering what pairs should be better for this strategy, do you guys really think that CHF is an option, after the political movement of last week? I mean, swiss gov has said that CH should be over 1,20€ "always"...

I really like this strategy, and I'm trying to set this up in a friendly way.

Correct me if I'm wrong but today has trigered orders in every pair shown in this thread but EUR/CHF with a sell stop at 1,20, rigth? and the result so far is 300 pips won, 300 pips lost

Last, but not least, how many lots do you trade on JPY? I mean, if I usually trade 20,000 E/U the equivalent in E/J should be 200,000??

many thanks!!!
  • #48
  • Sep 12, 2011 10:48am Sep 12, 2011 10:48am
Quoting bobasker
Do you only take one trade per pair per trading day?

lets say we open our charts @ GMT 23.55 and find EU still in a down trend and is near our first entry level at say 1.4000, we enter our order and forget about it.........we come back @ say GMT 04.00 and find EU has reversed and hit our stop and is now trading @ 1.5350 and the 10sma is still bellow the 100sma, would you enter another sell order at 1.5000? or would you wait until the next trading day?

i trade only once a day... my reason are

1. we don't know where the price will move even it hits the level again (in ur case where eu will go after hit 1.500 again...?)

2. Use Trading System which has WIN PROBABILITY more than LOSE
this is why we must do some research on every Tradign System we have

for example.. audjpy and eurjpy IMHO, has good probability TP at 50 pips than using TP 100 pips... but look for today, they run until 100 pips... it's okay for me.. there will be next day

3. U can combine with the knowledge of chart pattern...

i ussualy look at H4 pattern and D1 pattern

4. My desire is has the system with LESS STRESS....

in other system i use, i can get 30-45% monthly... but.. i even can't leave my Computer ...

5. don't judge 1, 2, 3 bad result day as the conclusion of the system
my target is in weekly overall profit if it can get 3-5% that's enough for me
cause it means in a month i can get 12%-20%... with LESS STRESS

6. SMA 100 is THE DIRECTION OF TREND for this system
Simplicity your Life
  • #49
  • Edited 11:02am Sep 12, 2011 10:50am | Edited 11:02am
Quoting josechu
exactly, what if E/U (or any other pair) is downtrending, our sell stop is hit, mkt changes up, hits our SL and keep on moving up so that goes over the two SMAs. do you buy or just stay calm?

and how do you trade with gaps? pls watch the E/U last august 8th

thks and rgds

only trade once a day... PROFIT or LOSE i take it home

at 8th auguts, we already lose at 1st trade
Simplicity your Life
  • #50
  • Sep 12, 2011 10:58am Sep 12, 2011 10:58am
Quoting josechu
wondering what pairs should be better for this strategy, do you guys really think that CHF is an option, after the political movement of last week? I mean, swiss gov has said that CH should be over 1,20€ "always"...

I really like this strategy, and I'm trying to set this up in a friendly way.

Correct me if I'm wrong but today has trigered orders in every pair shown in this thread but EUR/CHF with a sell stop at 1,20, rigth? and the result so far is 300 pips won, 300 pips lost

Last, but not least, how many lots do you trade on JPY? I mean, if...
1. which pair to trade that you confidence in ? do some research
for me, i'm fan of Basket Trading

2. never RISK 2% in a trade
if u have 10K account so the ONE DAY RISK is $200
so if we trade 1 pair.. the lot we use is 0.2 lot
if we trade 2 pair.. the lot we use is 0.1 lot for each pair
Simplicity your Life
  • #51
  • Sep 12, 2011 11:08am Sep 12, 2011 11:08am
Quoting josechu
wondering what pairs should be better for this strategy, do you guys really think that CHF is an option, after the political movement of last week? I mean, swiss gov has said that CH should be over 1,20€ "always"...

I really like this strategy, and I'm trying to set this up in a friendly way.

Correct me if I'm wrong but today has trigered orders in every pair shown in this thread but EUR/CHF with a sell stop at 1,20, rigth? and the result so far is 300 pips won, 300 pips lost

Last, but not least, how many lots do you trade on JPY? I mean, if...
MY TRADE RESULT is

AUDJPY +50 pips
EURJPY +50 pips
EURUSD +100pips
AUDUSD +100 pips

GBPCHF -100pips
USDCHF -100 pips
GBPNZD -100pips

GBPUSD -14 pips, still running


maybe i should DOUBLE LOT at EURJPY and AUDJPY since the target only 50 pips ....
(GREEDY MODE ON)
Simplicity your Life
  • #52
  • Sep 12, 2011 11:45am Sep 12, 2011 11:45am
time to sleep...



hope you all start make $$$ with all ur trading system

regards
Simplicity your Life
  • #53
  • Sep 12, 2011 1:46pm Sep 12, 2011 1:46pm
Hi stevenali,

I accidentally left some trailing stop EAs with partial close running on the charts...anyway, my correctly averaged result for my pairs traded today is (so far):

NZDUSD +18 pips
AUDUSD +16 pips
AUDJPY + 35 pips
NZDJPY + 100 pips
USDCHF + 19 pips
GBPJPY + 50 pips

GBPCHF - 100 pips

= + 138 pips net

Open trades running: GBPUSD, USDCAD, USDJPY, NZDUSD, EURUSD = -100 pips

I will close all remaining trades with an EA at the end of "my" trading day at 12:00 pm EST. This corresponds to 6:00 am (GMT+2) in my time zone.

Cheers,
Olarion
  • #54
  • Sep 12, 2011 2:50pm Sep 12, 2011 2:50pm
Some back test in Forex strategy builder
From 13 march 2008 till 10 june 2011
You can open attached below strategy file.
Attached image clearly shows equity curve heading south.
Attached Image (click to enlarge)
Click to Enlarge Name: Almost SET n FORGET.jpg Size: 386 KB
Attached File(s)
File Type: xml Almost SET n FORGET.xml   5 KB | 391 downloads
  • #55
  • Sep 13, 2011 4:59am Sep 13, 2011 4:59am
thks for the backtest, very illustrative
  • #56
  • Sep 14, 2011 4:02am Sep 14, 2011 4:02am
Quoting netant
Some back test in Forex strategy builder
From 13 march 2008 till 10 june 2011
You can open attached below strategy file.
Attached image clearly shows equity curve heading south.
I manually tested it before you posted the screen, I tested EURUSD for 2009, 2010 and 2011 and it traded into zero (no edge).

I think the only thing that works is bying the dips in trend. It has always worked and this is where most of the big money are getting in.

I am someone who backtested many many systems here on FF and basically, none of them work. They may have performed well in the last two years, but if you look for example at 2008, it's an account blower.

However, one needs to test all currency pairs, I believe you tested EURUSD only.
I found a penny today. That's +100 pips for me.
  • #57
  • Sep 14, 2011 9:01am Sep 14, 2011 9:01am
Hello.
I am sorry that my backtest stoped the posts coming.
I belive the purpose of this thread to improve the startegy that is why stevenali post in "Trading systems" section.
So in this modification the strategy is not profitable in some period of time.
I hope that together we will find the way how to make strategy works better most of the time of trading.
  • #58
  • Sep 14, 2011 9:03am Sep 14, 2011 9:03am
i'm buzy for a couple days in my other job..
i'd rather send the result every week

let's see the result for the week

and since yesteray i double my lot at eurjpy and audjpy because of their target is only 50 pips

it works better..
Simplicity your Life
  • #59
  • Sep 16, 2011 12:33am Sep 16, 2011 12:33am
Quoting netant
Hello.
I am sorry that my backtest stoped the posts coming.
I belive the purpose of this thread to improve the startegy that is why stevenali post in "Trading systems" section.
So in this modification the strategy is not profitable in some period of time.
I hope that together we will find the way how to make strategy works better most of the time of trading.

Lol, no need to apologize friend..

in this two days, i got lot lightning for all of you

i take out GBPNZD since the spread is to big

and i now use 50 pips grid... all the rule are the same ecxept change from 100 pips to 50 pips

in last twodays saving my live account from -10% to +6%

not bad... the goal is the $$$ system trading only tool to achieve it

and for TP i use 45 pips SL 50 pips
Simplicity your Life
  • #60
  • Sep 16, 2011 12:52am Sep 16, 2011 12:52am
eur usd and eurjpy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 24 KB
Click to Enlarge Name: eurjpy.gif Size: 24 KB
Simplicity your Life
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