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System Test: Invictus V Fratelli 541 replies

Trading the Invictus method 4 replies

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Invictus

  • #1,741
  • Nov 17, 2011 10:26am Nov 17, 2011 10:26am
we hope next 2 days for moral !


Quoting deankenny21
first trade, apparently london wasnt open, although i was told frankfurt open is good to go

second trade apparently al the big traders were eating thier sandwiches

3rd loser, just a pure loser, no one could find an excuse on this one.
  • #1,742
  • Nov 17, 2011 11:14am Nov 17, 2011 11:14am
Quoting deankenny21
first trade, apparently london wasnt open, although i was told frankfurt open is good to go

second trade apparently al the big traders were eating thier sandwiches

3rd loser, just a pure loser, no one could find an excuse on this one.
  • #1,743
  • Nov 17, 2011 11:22am Nov 17, 2011 11:22am
Today total 1pip or -3% on account balance

eu+10+10
gu+10-20+1
uchf-20
eurjpy+10

I only trade in London session and was very ranging market. Now I see few opportunities in the NY session but I not close to my pc.
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  • #1,744
  • Nov 17, 2011 11:25am Nov 17, 2011 11:25am
Quoting kolesar007
Today total 1pip or -3%

eu +10+10
gu +10-20+1
uchf -20
eurjpy +10

I only trade in London session and was very ranging market. Now I see few opportunities in the NY session but I not close to my pc.
What do you mean, +1 pip but -3%
  • #1,745
  • Nov 17, 2011 11:30am Nov 17, 2011 11:30am
Quoting ohammond
What do you mean, +1 pip but -3%
I edit my post..1pip if I adding all pips and -3% balance on the account

PS: Do I miss your picture of monitor wall?!
  • #1,746
  • Nov 17, 2011 11:34am Nov 17, 2011 11:34am
Quoting kolesar007
I edit my post..1pip if I adding all pips and -3% balance on the account
Thats what I was wondering, why would being up 1 pip mean you are down 3% on the account, are you using variable lot sizes?
Quote
PS: Do I miss your picture of monitor wall?!
No just haven't got round to doing it yet
  • #1,747
  • Nov 17, 2011 11:44am Nov 17, 2011 11:44am
Quoting ohammond
Thats what I was wondering, why would being up 1 pip mean you are down 3% on the account, are you using variable lot sizes? No just haven't got round to doing it yet
This is because of spread factor. When you have 5% on 20SL you never get 2.5% on 10TP.

Woman?! Just do it
  • #1,748
  • Nov 17, 2011 12:03pm Nov 17, 2011 12:03pm
Quoting kolesar007
This is because of spread factor. When you have 5% on 20SL you never get 2.5% on 10TP.

Woman?! Just do it
I take spread into account with the stop loss and tp. So if I'm risking 5% on a 20 pip stop loss then I would want to get 10 pips clear of the spread so would make 2.5%.
  • #1,749
  • Nov 17, 2011 12:09pm Nov 17, 2011 12:09pm
Quoting ohammond
I take spread into account with the stop loss and tp. So if I'm risking 5% on a 20 pip stop loss then I would want to get 10 pips clear of the spread so would make 2.5%.
If you had 10pip + spread then must be so. Try to enter one trade on demo of course and let it one run to SL and another to TP and compare results.
  • #1,750
  • Nov 17, 2011 12:14pm Nov 17, 2011 12:14pm
Quoting kolesar007
This is because of spread factor. When you have 5% on 20SL you never get 2.5% on 10TP.

Woman?! Just do it
why I don't see the arrow in my chart ??
  • #1,751
  • Nov 17, 2011 12:15pm Nov 17, 2011 12:15pm
Possible eur usd signal incoming, just atr being red is messing it up
enjoy
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short @ 3462 anyway, will disregard price volatility
  • #1,752
  • Nov 17, 2011 12:58pm Nov 17, 2011 12:58pm
Quoting deankenny21
ok i got FXPRO running with invictus
AND
ibfx running alongside it, so i can compare differences

already i see the pivots are extremely different
Dean - awhile back I read about an experiment with some floor traders : a successful trader "shared" his secret central pivot number before the open every day which he said he used in place of any of the conventional pivot calculations. The good traders all did really well with it, the bad traders did about as badly as usual.

The secret formula ? It was a randomnly-generated number within the previous day's range.

The point is that if you know how to trade, having a "line in the sand" as a focus level can be very helpful in referencing the movement of price and your trade positioning.

I'd respectfully suggest learning to draw your own central pivot using the same brain cells that allow you to eyeball S&D levels so well on your own excellent thead. Such a pivot will shift just as S&D shifts...



Very easy to get distracted in this trading business in which things are often not what they first seem...
  • #1,753
  • Nov 17, 2011 1:07pm Nov 17, 2011 1:07pm
Quoting jtrade
Dean - awhile back I read about an experiment with some floor traders : a successful trader "shared" his secret central pivot number before the open every day which he said he used in place of any of the conventional pivot calculations. The good traders all did really well with it, the bad traders did about as badly as usual.

The secret formula ? It was a randomnly-generated number within the previous day's range.

The point is that if you know how to trade, having a "line in the sand" as a focus level can be very...
Very good remark, I often disregard pivot points or other types of support / resistance levels that are not related to price action in any way and use my own version of supply & demand levels to get a figure of where should I put my trade.
It has saved me from many bad decisions
  • #1,754
  • Nov 17, 2011 1:14pm Nov 17, 2011 1:14pm
That's because when you lose 5%, your balance are reduce and when you make back 5% of that, you still not back to your original balance. F For example....$10,000 and you lose 5%, your balance is $9500..
And $9500 and you win 5%, that's $475 and your balance would be $9975. You lost $25 even tho you lose 5% and gain 5%.
Quoting ohammond
Thats what I was wondering, why would being up 1 pip mean you are down 3% on the account, are you using variable lot sizes? No just haven't got round to doing it yet
  • #1,755
  • Nov 17, 2011 1:16pm Nov 17, 2011 1:16pm
Quoting jtrade
The point is that if you know how to trade, having a "line in the sand" as a focus level can be very helpful in referencing the movement of price and your trade positioning.
Excellent observation! I would contend that it takes good discretionary skills to apply that "random line in the sand" successfully. Which almost by definition precludes it from being used successfully in a mechanical system like Udine's.

Maybe the simple rule Udine applied (don't enter within 10 pips of a pivot) is a way to mechanically work with that pivot. But if it's essentially a random line, then, well...

I agree with a previous poster's comment: if any set of pivots works, then the pivot itself is not adding any value to the system. When I get a chance, I'm going to backtest this thing and see if the pivots add value or not.
  • #1,756
  • Nov 17, 2011 1:17pm Nov 17, 2011 1:17pm
Quoting Dorobantu
Possible eur usd signal incoming, just atr being red is messing it up
enjoy
Attachment

short @ 3462 anyway, will disregard price volatility
tp hit @ 3452 dead on

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  • #1,757
  • Nov 17, 2011 1:22pm Nov 17, 2011 1:22pm
Quoting fxtrain
That's because when you lose 5%, your balance are reduce and when you make back 5% of that, you still not back to your original balance. F For example....$10,000 and you lose 5%, your balance is $9500..
And $9500 and you win 5%, that's $475 and your balance would be $9975. You lost $25 even tho you lose 5% and gain 5%.
Oh I see what you're getting at, except I don't ever change the lot size downwards. I take my balance at the start of the day and work the lot size out on that figure, then I don't change it at all win or lose until the next day if I have a losing day overall I still keep the same lot size. The way I look at it is 5% of that original figure still gives me 20 consecutive losses before I am out of funds, reducing the lot size makes it harder and harder to catch up.
  • #1,758
  • Nov 17, 2011 1:34pm Nov 17, 2011 1:34pm
hi all,

question about time -

i have looked at 3 different webs to get gmt time and when the markets open. i have looked into
myfxbook.com
- new york is still open
http://forex.timezoneconverter.com/i...=GMT&refresh=5
-new york closed Aus is open
http://www.forexmarkethours.com/
- new york is still open

which seems to b correct?
confuseddd

regards,
J
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  • #1,759
  • Nov 17, 2011 1:57pm Nov 17, 2011 1:57pm
As stated earlier the spread is a big factor when it comes to applying this strategy to different kinds of pairs. To have a better view upon how "dem'" spreads affect your overall trading experience with this strategy, here you have some numbers for different spreads.

-for a 1 pip spread you would need a win to loss ratio of 2.(2), that means for every loss you have to win 2.(2) trades to just make up for the loss and be breakeven (~55.(5)% win rate)
-for a 2 pip spread the win to loss ratio should be 2.5 ( 62.5% win rate )
-for a 3 pip spread the win to loss ratio should be 2.857 ( ~71.8775% win rate )
- 4 pip ratio is 3.(3) ( ~83.(3)% )

so trading pairs with a high spread could be pretty bad considering we don't know any ratio regarding win to loss ratio of this strategy
  • #1,760
  • Nov 17, 2011 1:59pm Nov 17, 2011 1:59pm
Quoting Jhfx
hi all,

question about time -

i have looked at 3 different webs to get gmt time and when the markets open. i have looked into
myfxbook.com
- new york is still open
http://forex.timezoneconverter.com/i...=GMT&refresh=5
-new york closed Aus is open
http://www.forexmarkethours.com/
- new york is still open

which seems to b correct?
confuseddd

regards,
J
The top one appears to be correct to me. The also what FF says it is here: http://www.forexfactory.com/market.php
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