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  • #221
  • Jan 9, 2012 8:24am Jan 9, 2012 8:24am
Quoting the redlion
why dont you just try the majors you are attempting to replicate the value off, by not really ......calculating the value of and not really trading the relative value of?

seems to me you want to speculate on the Eur/jpy then do it
then the Eur/usd

and usd/jpy, you got some commodity currencies there....you might want to try the usd/cad and call it a day.

hedging is limiting profits and increasing trading expenses.........never hedge when speculating or you cancel yourself out.

hedge when you are being hit by variable risk that you have no...
Dont be fixated of the hedge..this is once of the technique used the controll DD from trades going against the entry...stock going bad or taking to long sell have a negative effect on the balance sheet.

Each SELL Pair cancels out the movement of the Buy to some extent..only a small variable different that floats from -ve to +ve...you will see if you run the pairs on DEMO for 1 week or more without taking trade.

Why you need the basket...Its the indicator..how many times am saying this...Its the you indicator for showing you where the money is flowing..

Did you know NZD was the strongest pair today so far...it's in the pitbul
  • #222
  • Jan 9, 2012 8:29am Jan 9, 2012 8:29am
correct me if i am wrong but


hedge........... is to neutralize the delta right?

so you screwed up on one position and you neutralize the delta.........but now you pay a variable spread on a different pair? and your position is 0=neutral

so you basically CLOSE a trade by paying more spread? and then paying additional spread to close the trades individually?

so you take 1. initial trade 2. position hedge 3. manual close of either and 4. final close of x position

4 different spreads? just to close one trade? what is the purpose of this?
AVT INVENIAM VIAM AVT FACIAM
  • #223
  • Jan 9, 2012 8:30am Jan 9, 2012 8:30am
are you net negative or net positive on your overnight swaps?
AVT INVENIAM VIAM AVT FACIAM
  • #224
  • Jan 9, 2012 8:30am Jan 9, 2012 8:30am
I haven't taken any profit again for far....I'm showing how the reduce the DD.

I have put on BUYS..There's a retracement happening today...

So all the -VE bad position in the basket that I made ...are reducing...
while the new trades are increasing..reducing the DD.

It's the CYCLE...Loss Profit LOSS

no stop LOSS..see for yourself...
Attached Image (click to enlarge)
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  • #225
  • Jan 9, 2012 8:35am Jan 9, 2012 8:35am
Quoting moodybot
Nice one, can you post the indicator, saves opening the script.
i have zero intention of wasting my time helping you. it's much more amusing to watch you guys flounder until you finally sink under the surface.

also, learn how to use the quote function.

it also clearly escapes everyone here, and brijon originally (that genius man) that mt4 does in fact have a price board. not in one place, but at least TWO! now off you go. have fun finding them.

so much for opening a nedge as an indicator. lol.

squirm.
Congratulations ScalaFX for coming out of the closet!
  • #226
  • Jan 9, 2012 8:35am Jan 9, 2012 8:35am
forgive me if i do not grasp the purpose to this...........you have a 12000 account and 1% in draw down, approximately and you are adding more positions to and increasing your trading cost while putting a cap on your potential earnings?

i mean, even after all the commission cost and negative swaps, you manage to reduce the DD, how can you take the profit cap off your system?
AVT INVENIAM VIAM AVT FACIAM
  • #227
  • Jan 9, 2012 8:36am Jan 9, 2012 8:36am
Quoting the redlion
correct me if i am wrong but


hedge........... is to neutralize the delta right?

so you screwed up on one position and you neutralize the delta.........but now you pay a variable spread on a different pair? and your position is 0=neutral

so you basically CLOSE a trade by paying more spread? and then paying additional spread to close the trades individually?

so you take 1. initial trade 2. position hedge 3. manual close of either and 4. final close of x position

4 different spreads? just to close one trade? what is the purpose of this?...
You dont close trades...that are Hedge...Think profit ..profit...become profit minded...keeping taking sales...sales...saless.

work with the Line or credit...stop at the Max limit you set...You hedge...to freeze your loss...while taking profit...eventually your account will grow...

pass your Locked in Loss...then if you want you can

close the locked in loss of continue trade..waiting for the LOSS PROFIT LOSS.. eventually the market will reduce your loss by itself...

GOT IT BUD...this system takes more off screen thinking...it a thinker method..
  • #228
  • Edited 9:11am Jan 9, 2012 8:48am | Edited 9:11am
Quoting the redlion
forgive me if i do not grasp the purpose to this...........you have a 12000 account and 1% in draw down, approximately and you are adding more positions to and increasing your trading cost while putting a cap on your potential earnings?

i mean, even after all the commission cost and negative swaps, you manage to reduce the DD, how can you take the profit cap off your system?
If i'm going into business with 12k....I have to sit a say based on the cost of goods and the potential prorfit margin I am willing to risk ..X% of my capital..

Now you can risk 1% of 12k but you wont be making a lot of sales..because your purchasing power would be tied up in cost..until you can make sales.

So you have to be willing risk a practical portion of the capital..with the intention that if the stock goes bad or damper on sales..you will still have more capital...to order more stock thus contiunuing with the operation of sales..profit ...increase bal, gives more purchasing power.

Dont worry about the spread... think profit...you are using the borkers spread NO STOP LOSS...STOP LOSS pays the broker...out of your account bal...

you will pay minor SWAP but you will earn more interest on the highest paying currency..AUDUSD.

SWAP you pay is minor..compare to sales you are making...DEMO

SWAP you earn..is TRIPPLE SWAP + RunUP pips on WEDNESDAY 5 PM EST, and thats on 1 positions
  • #229
  • Jan 9, 2012 9:09am Jan 9, 2012 9:09am
Quoting moodybot
Excellent answer

The critics will be back on later just to pick holes and and try and junk the system.
Not a critic as as I have allways been interested in basket trading, and trade a system that is, in a way, similar to this one. That is why I have any interest in this thread at all.

But lets look at your quoted statement.

That is the #1 thing you should be doing to any system that you are testing.

Every system has holes, some larger than others. The sooner you find them the better. Lets face it, there are no clear cut rules for what trades to take and when, or clear cut rules on how to manage drawdown. Its all subjective, with alot of confusion.

As harsh and abrasive an Nubcake can be, he is serving a useful purpose.
  • #230
  • Jan 9, 2012 9:32am Jan 9, 2012 9:32am
Quoting thorn
Not a critic as as I have allways been interested in basket trading, and trade a system that is, in a way, similar to this one. That is why I have any interest in this thread at all.

But lets look at your quoted statement.

That is the #1 thing you should be doing to any system that you are testing.

Every system has holes, some larger than others. The sooner you find them the better. Lets face it, there are no clear cut rules for what trades to take and when, or clear cut rules on how to manage drawdown. Its all subjective, with alot of confusion....

Controlling the account DD is key to trading..or Trading is using low-risk ideas to trade.

Now there is No 1-2-3 to this method...its only your experience and hard work...thinking on screen and off.

if you are here looking for the 123 steps forget..

Clear cut rules are what most ppl want...for entry and exit...thats the first point jumping to another system....READ the Millipede thread.

RULES ..reduce your mind from creating options...in Trading you need options, flexibility..freedom from contraits...the market does not operate on 1 set of rules..
  • #231
  • Jan 9, 2012 9:39am Jan 9, 2012 9:39am
Quoting nubcake
i have zero intention of wasting my time helping you. it's much more amusing to watch you guys flounder until you finally sink under the surface.

also, learn how to use the quote function.

it also clearly escapes everyone here, and brijon originally (that genius man) that mt4 does in fact have a price board. not in one place, but at least TWO! now off you go. have fun finding them.

so much for opening a nedge as an indicator. lol.

squirm.
Thanks for that nubcake, there you are, it wasn't to hard now was it to add something constructive to the board.

Perhaps you have turned over a new leaf...
  • #232
  • Edited 9:55am Jan 9, 2012 9:45am | Edited 9:55am
It's been two weeks now running the Indicator..taking trades when I can.
Growing the account and controlling the DD.

I'm preparing for the AUDUSD runup...WED..but nothing in life is 100%.

I could close out my account for a profit but why should I...

I'm using the brokers spread to guide me through...the market and taking profit...UP DOWN..SIDE ways..it doesn't matter.

Maybe one DAY I'll have a HUGE BLOWUP..but risk is ON. Max limit.
It's business no gaurantees....some ppl are more comfortable working for money rather than dealing the risks of managing a business and there's nothing wrong with that.

I can STOP trading...anytime I like...I am willing to quit..when I say quit.. I'm in control of my DD. NOT the BROKER..eating my stops

I'm not investing more than I'm willing to loose.

Business Princinples is my main..focus..How can I grow profits while minimizing the risk or control the risk

I'll do this for 1 month..I will make mistakes but

I'm learning new things everyday...

THANKS TO Brijon , PIPEASY, J16, T101 and all FF members.

Safe trading..control your DD
  • #233
  • Jan 9, 2012 10:00am Jan 9, 2012 10:00am
Quoting thorn
Not a critic as as I have allways been interested in basket trading, and trade a system that is, in a way, similar to this one. That is why I have any interest in this thread at all.

But lets look at your quoted statement.

That is the #1 thing you should be doing to any system that you are testing.

Every system has holes, some larger than others. The sooner you find them the better. Lets face it, there are no clear cut rules for what trades to take and when, or clear cut rules on how to manage drawdown. Its all subjective, with alot of confusion....
Forgot to reply to you in my last post, yes you are perfectly correct, we do need to pick holes, ask questions etc thats what the forum is for.

Nubcake has now redeemed himself by offering some advice as to an alternate to the basic 5x5 indicator, and of course now he is on board with the concept of the pitbull idea I am sure this thread will progress in a steady fashion.

The next stage of course will be the indie, we are fortunate that nubcake has put his handup on that one so hopefully we can be loading that one up tomorow morning.
  • #234
  • Jan 9, 2012 10:01am Jan 9, 2012 10:01am
i might be wrong in understanding your system

did you say that you don't use "stoploss" but keep adding positions?

if so, that's wrong. and that's lethal.

trading has 2 sides:

one side is adding winning pos

the other side is cutting the losing pos

combining both is "following the market". and doing only one of the two IS NOT enough.

i've been on your way before. if you don't realise this, a wipe-out will be soon coming (1~2 months). in your words, you'll decide to "quit" at that point. that "point" may be a 70% capital loss.

as a retail trader, the only way is to cut losers and let profit run. you don't dare to cut losers, then you'll be one of them.

sincere 2 cents, but not for everyone to take, i understand the trading world now.

Quoting chips
Controlling the account DD is key to trading..or Trading is using low-risk ideas to trade.

Now there is No 1-2-3 to this method...its only your experience and hard work...thinking on screen and off.
  • #235
  • Jan 9, 2012 10:04am Jan 9, 2012 10:04am
Quoting moodybot
Forgot to reply to you in my last post, yes you are perfectly correct, we do need to pick holes, ask questions etc thats what the forum is for.

Nubcake has now redeemed himself by offering some advice as to an alternate to the basic 5x5 indicator, and of course now he is on board with the concept of the pitbull idea I am sure this thread will progress in a steady fashion.

The next stage of course will be the indie, we are fortunate that nubcake has put his handup on that one so hopefully we can be loading that one up tomorow morning.
it only took you guys what, never, to realize the existence of the order boards in mt4? that nubcake guy is a total dipshit and doesn't know anything... you shouldn't listen to him. just keep plodding along with your demo account indicators and loss profit loss cycle business techniques and so on.

lol, you guys are fun.
Congratulations ScalaFX for coming out of the closet!
  • #236
  • Jan 9, 2012 10:11am Jan 9, 2012 10:11am
The entertainment in here lately is great.

Have a great day Chips !

I think you should do some videos Chips ????

Take over from where Brijon left off... What do you think??


BS
Master your Mind,,,Master the Market
  • #237
  • Edited 11:13am Jan 9, 2012 10:23am | Edited 11:13am
Quoting charvo
i might be wrong in understanding your system

did you say that you don't use "stoploss" but keep adding positions?

if so, that's wrong. and that's lethal.

trading has 2 sides:

one side is adding winning pos

the other side is cutting the losing pos

combining both is "following the market". and doing only one of the two IS NOT enough.

i've been on your way before. if you don't realise this, a wipe-out will be soon coming (1~2 months). in your words, you'll decide to "quit" at that point. that "point" may be a 70% capital loss....
Go back an read the thread...how can you keep adding to loosing position
you hedge those..and freeze..the loss...Then make trades on the winning currency..to increase bal..thus will in term Net the hedged loss.

LOSS PROFIT LOSS cycle .the market DOESN't MOVE STRAIGHT it almost always comes back...then move on.. I sure you know that.

I have build positions using the millipede way...and you gave lost of pips small but it all adds up...but it takes weeks to repeat the rewards...becuase the market comes back and eat your BE positions after moving 400 pips.

This is not martingale or whatever...

YOu are taking trades on the fastest moving currency..anyone in the basket to increase bal...and using BUY SELL proportions to with the TREND, LPL cycle, SWAP, hedge to control DD.

So sales increase bal..increases equity..

STOP trading..NOT adding positions also reduce the DD in the profit column.
  • #238
  • Edited 11:18am Jan 9, 2012 11:01am | Edited 11:18am
Quoting nubcake
it only took you guys what, never, to realize the existence of the order boards in mt4? that nubcake guy is a total dipshit and doesn't know anything... you shouldn't listen to him. just keep plodding along with your demo account indicators and loss profit loss cycle business techniques and so on.

lol, you guys are fun.
You must be getting paid to come here..and act this way.

Most ppl see the MT4 transaction screen but have never clued in on how to use the feed from the broker...

they focus too much on CANDLES AND TECH ANALYSIS..and ignore the live feed data and automatic arrangements of the numbers..

Borker dont care about candles and TL and stuff they provide you the tools as distractions( well not entirely)..they just want to know where the STOPS ARE..what Price?...GOT IT.

ALL WE WANT TO KNOW..is IN WHAT CURRENCY ARE THEY FEEDING THE MONEY at a given point in TIME>>> AND WE TRADE IT>>>

Your broker must be reliable with its feed, good execution time, we know when the BIG GUYS decide to MOVE MONEY AND IN WHICH CURRENCY
  • #239
  • Jan 9, 2012 11:09am Jan 9, 2012 11:09am
Quoting chips
You must be getting paid to come here..and act this way.

Most ppl see the MT4 transaction screen but have never clued in on how to use the feed from the broker...

they focus too much on CANDLES AND TECH ANALYSIS..and ignore the live feed data and automatically arrangments on the numbers..

Borker dont care about candles and TL and stuff ..they just want to know where the STOPS ARE..what Price...GOT IT.

ALL WE WANT TO KNOW..is IN WHAT CURRENCY ARE THEY FEEDING THE MONEY>>> AND WE TRADE IT>>>
lol. keep going.
Congratulations ScalaFX for coming out of the closet!
  • #240
  • Jan 9, 2012 12:22pm Jan 9, 2012 12:22pm
no need to be too defensive

the reason that i quoted ur " controlling dd is the key" is that we all understand it. but not everyone understand what is the key to "controlling dd".

check ur words below quoted, "using BUY SELL proportions to with the TREND, LPL cycle, SWAP, hedge to control DD"

they are just runaway from truth, they are merely 'burying the head in the sand', they are not the solution

the solution is cutting losers, consistently.

pipeasy just didn't emphasize it, but he did it promptly.

in other words, in basket trading, after some days, there are definitely some losers. if you XXXXXXX(thousands of tricks) them, but not cutting them? you will fail.

the ultimately sad thing in the trading world is that ppl don't understand: if they cut them, they will succeed. it is a problem of belief.

Quoting chips
YOu are taking trades on the fastest moving currency..anyone in the basket to increase bal...and using BUY SELL proportions to with the TREND, LPL cycle, SWAP, hedge to control DD.

STOP trading..NOT adding positions also reduce the DD in the profit column.
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