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  • #5,821
  • Jan 9, 2012 8:04pm Jan 9, 2012 8:04pm
I had another thought about a possible error in my original analysis.

I used the 2 pip SL in my previous analysis. This of course did NOT include the spread. The problem with this is that the totals at the top of the sheet also do not include spread losses.

In that sheet there were 66 times the 2 pip SL was hit, for a total of -132 pips. The EURUSD spread for Oanda is usually 1.8 pips at that time of day. If you round it to 2 pips, then the -132 should be -264 for the year.

Even at -264 pips you still have +656 pips for 20 pip TP level, and still very profitable for other TP levels. That's over 50 pips per month average.

But remember my disclaimer: my analysis might be completely wrong, there's just no way to know. So I'm not responsible - in fact, I'm completely irresponsible, just ask my wife.

Mega pips to all!
Roll Tide!
Luck occurs when preparation meets with opportunity.
  • #5,822
  • Jan 10, 2012 9:15am Jan 10, 2012 9:15am
[quote=AlienFrog;5280611Each pair is 4-6GB, which is HUGE for a CSV file. I cannot find editing software that can handle a CSV file that size.[/QUOTE]

Afraid there isn't good way to work with huge csv. Only ready option is mysql (or other sql db). Otherwise, code something custom in python e.g.
  • #5,823
  • Jan 10, 2012 4:27pm Jan 10, 2012 4:27pm
A quick question. Could anyone tell me (or point me to the post that contains the answer): is there a possibility to use this strategy in MT4? I can't seem to find seconds charts. Or do you use the tick chart?
  • #5,824
  • Jan 10, 2012 6:45pm Jan 10, 2012 6:45pm
Quoting AlienFrog
I had another thought about a possible error in my original analysis...
I found this vbs script that suppose to split large text files, but also works for csv files, I don't know if the result files will be useful. The instructions are at the beginning, if you edit the file (rename it first, by removing .txt at the end). Just try first something like 10000 lines, if still too big, increase the number of lines. Maybe you'll need (after you split the big file) to open each csv file and add some headers.
I thought about the spread maybe you can just add an extra 1.2 to the SL; also some losses will be less than 2 pips because of trailing stops.
Attached File(s)
File Type: txt filespliter.by.line.number.vbs.txt   < 1 KB | 257 downloads
r u ready?
  • #5,825
  • Jan 10, 2012 8:04pm Jan 10, 2012 8:04pm
Quoting Vlad.M
Afraid there isn't good way to work with huge csv. Only ready option is mysql (or other sql db). Otherwise, code something custom in python e.g.
I found the same answer. Thanks for the confirmation.
Luck occurs when preparation meets with opportunity.
  • #5,826
  • Jan 10, 2012 8:06pm Jan 10, 2012 8:06pm
Quoting ExForX
A quick question. Could anyone tell me (or point me to the post that contains the answer): is there a possibility to use this strategy in MT4? I can't seem to find seconds charts. Or do you use the tick chart?
MT4 smallest TF is 1 minute. Tick chart only work when live, not in history tester. I think I've seen EA's that can create custom TFs but I do not know whether they could create 1 second or 5 second candles. Best bet would be google I think.
Luck occurs when preparation meets with opportunity.
  • #5,827
  • Jan 10, 2012 8:11pm Jan 10, 2012 8:11pm
Quoting rtrs111
I found this vbs script that suppose to split large text files, but also works for csv files, I don't know if the result files will be useful. The instructions are at the beginning, if you edit the file (rename it first, by removing .txt at the end). Just try first something like 10000 lines, if still too big, increase the number of lines. Maybe you'll need (after you split the big file) to open each csv file and add some headers.
I thought about the spread maybe you can just add an extra 1.2 to the SL; also some losses will be less than 2 pips...
I did see some file splitting apps out there, but I did not try them. I may give this one a try. But even split to 1 million lines, just EURUSD would be 130 files!

I could also split them into one year files, too, which would help them become manageable.

Thanks for sharing this script.
Luck occurs when preparation meets with opportunity.
  • #5,828
  • Jan 11, 2012 3:05pm Jan 11, 2012 3:05pm
Quoting AlienFrog
MT4 smallest TF is 1 minute. Tick chart only work when live, not in history tester. I think I've seen EA's that can create custom TFs but I do not know whether they could create 1 second or 5 second candles. Best bet would be google I think.
Thanks for your answer. I intend to use it on forward test, so tick chart could work? I can't imagine that nobody in this thread uses MT4... so how do you determine the entry point? 2 or 8 pip ticks?
  • #5,829
  • Jan 11, 2012 3:17pm Jan 11, 2012 3:17pm
Quoting ExForX
Thanks for your answer. I intend to use it on forward test, so tick chart could work? I can't imagine that nobody in this thread uses MT4... so how do you determine the entry point? 2 or 8 pip ticks?
Running live, sure, a tick chart will work. You just have to time the first 5 second "bar" manually.

Entry is 5 seconds after open in the direction price traveled since open. This is clearly stated many times in the thread.
Luck occurs when preparation meets with opportunity.
  • #5,830
  • Jan 15, 2012 5:24pm Jan 15, 2012 5:24pm
Could somebody recommend me broker with spread that is suitable for this system? Because my has spread of 2 for EUR/USD, Tony 112 what kind of broker and platform you have, as mine cant show 5 sec charts=(
Thank you for every answer in advance=)
  • #5,831
  • Jan 15, 2012 9:03pm Jan 15, 2012 9:03pm
Have no idea if Tony is still trading this way or not, but I do want to challenge the below statement. How many losses are you figuring in with the below statements? Agreed, if you had 1 take profit of 140/month you'd increase by 130% per month, but what if you had 50 stop losses in that same month?

Quoting Tony112
The percentage of growth is not valid in my calculations since I use the money to live... we can approximately have about 1 TAKE-PROFITS of 140 pips per month which is more than enough, giving you an account growth of about 130% per month
  • #5,832
  • Jan 15, 2012 9:33pm Jan 15, 2012 9:33pm
Quoting Dreamliner
Have no idea if Tony is still trading this way or not, but I do want to challenge the below statement. How many losses are you figuring in with the below statements? Agreed, if you had 1 take profit of 140/month you'd increase by 130% per month, but what if you had 50 stop losses in that same month?

OK Dream, let's do the math
________________________

1 SL = -1 pip (on average)

Every SL reduces account by 0.997740

after 50 consecutive SLs, my account will be reduced at 0.893061

a 140 pip win gives and account increment at 1.316585

e.g. 4000$ x 0.89 x 1.31 = 4663.60$ ( still a win )

* note: I have not included in these calculations that I will refund and restore the account to its original state after 5 losses (or 1 week), hence I will never get a consecutive 50 losses, but rather 5 max.
Invest in alarm clocks
  • #5,833
  • Jan 15, 2012 9:41pm Jan 15, 2012 9:41pm
OK Tony, you've got it figured out I see. 2 questions:

1. What do you set for "Default Order Size" in Oanda?

2. I see you've been trading this for over a year now, how have you done with it?

Quoting Tony112
OK Dream, let's do the math
________________________

1 SL = -1 pip (on average)

Every SL reduces account by 0.997740

after 50 consecutive SLs, my account will be reduced at 0.893061

a 140 pip win gives and account increment at 1.316585

e.g. 4000$ x 0.89 x 1.31 = 4663.60$ ( still a win )

* note: I have not included in these calculations that I will refund and restore the account to its original state after 5 losses (or 1 week), hence I will never get a consecutive 50 losses, but rather 5 max.
  • #5,834
  • Jan 15, 2012 9:45pm Jan 15, 2012 9:45pm
Quoting Dreamliner
OK Tony, you've got it figured out I see. 2 questions:

1. What do you set for "Default Order Size" in Oanda?

2. I see you've been trading this for over a year now, how have you done with it?

Default Order Size it at 99.0 % Leveraged NAV

More than 4 years, you mean, back and forth of trading like this has brought stability, no draw-down, no stress. Once the week is over I top it up and go on.
Invest in alarm clocks
  • #5,835
  • Jan 15, 2012 9:48pm Jan 15, 2012 9:48pm
Quoting Tony112
Default Order Size it at 99.0 % Leveraged NAV

More than 4 years, you mean, back and forth of trading like this has brought stability, no draw-down, no stress. Once the week is over I top it up and go on.
OK and you're still doing 2 pip stop loss and 140 target, moving to break even when it moves a few pips in your favor?
  • #5,836
  • Jan 15, 2012 9:50pm Jan 15, 2012 9:50pm
same old feeling at the NY and London opens, I'm still breathing and trading ...
Invest in alarm clocks
  • #5,837
  • Jan 15, 2012 9:51pm Jan 15, 2012 9:51pm
One thing I've noticed trough the years is that a lot of people fall of the ship and abandon... forex is such a filter I'm telling you

It's not easy and it's not about being smart I think.... it takes something else.... there's probably no term for it lol
Invest in alarm clocks
  • #5,838
  • Jan 15, 2012 9:54pm Jan 15, 2012 9:54pm
Quoting Dreamliner
OK and you're still doing 2 pip stop loss and 140 target, moving to break even when it moves a few pips in your favor?
I've been targeting 400 pips lately, never took the time to write it
I already know the reactions I will get from a few members


-1 per loss and EPIC win is 400 lol
Invest in alarm clocks
  • #5,839
  • Jan 15, 2012 10:00pm Jan 15, 2012 10:00pm
I understand. Ever figure out your hit rate with 2 stop loss and 140 target?

Quoting Tony112
One thing I've noticed trough the years is that a lot of people fall of the ship and abandon... forex is such a filter I'm telling you

It's not easy and it's not about being smart I think.... it takes something else.... there's probably no term for it lol
  • #5,840
  • Jan 16, 2012 5:35am Jan 16, 2012 5:35am
Hi Tony,
I am intrigue with the 1-2 pip SL that you're having here in your system. Been hopping on the pages here and there and see some people still following this system. Just as a confirmation, there's no re-entry for this system?
This is a 2 trades per day (EU and US) system and regardless of whether you win or lose, you move on to the next day?

The guide on the First Page is last modified last month so I presume that the 140 pips TP still stays. Noted that some people are going for 20 pips TP instead. How is everyone doing so far with the system?

I shall be trying this today during the US Market Open. Cheers~
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