Do I Really Want to Start This Journal II

OK here are the rules.... nice and easy.
I'm outa here.............
I have wasted enough time in these forums.
I have met some very good people and like them it is time for me to move on to a more productive use of my time. Like trading and getting away form the drama and BS here.

Wish you all the best of luck in your endeavorers and good trading to all..... with the socialist in office your all gonna need it.

Correction on the stop loss... it's 1 ATR not 1 pip...

Your system is the best system I've traded. My good fortune...
Bye, best wishes..

Yup, Sorry about the typo ..... initial SL is 1 ATR......
I have also decided to unlock the thread so those of you who are interested or motivated can share and will most likely turn this simple system into something unrecognizable within 2 more pages ..... but that is no longer my problem or concern.

Happy, boring, profitable, trading to you all.

thanks,that's all that I can say.

If you close out one position and open another, where is the overlap?. Why do you need two accounts? Am I missing something?

Thanks.

I apologise for the dumb question but... what does 1 ATR means? I mean... i know it is the ATR indicator but... 1 ATR?

Hi

I am backtesting this in Forex tester. So simple I love it, the ATR in this is ATR (1) i.e other end of entry candle?

Congratulation on you graduation.

Regards Flash

hedging is the cornerstone of this system....ideas from this system helped me vastly improve my system.

[quote=raitchev;5489548]I apologise for the dumb question but... what does 1 ATR means? I mean... i know it is the ATR indicator but... 1 ATR?[/QUOT

not the graph but the values...check out the xadr_0.2 indi...you can use ADR instead.

anymore???

Tradestar is posting some very helpful material over at http://www.forexfactory.com/showthread.php?t=370607 .

In case there is any interest in how things have been going so far this year here are the results YTD.......
These are single entry per signal, no add on positions during the trend......

Stats for 5,5 cross

list of trades for 5,5 cross,

continuation of trade list 5,5


Stats for 10, 10 cross

List of trades for 10,10 cross

wow! great updates.I thought you had quit FF!

I use practically the same system; 8,8 cross...before that i was using EMAs and was finding trouble validating crosses.I include 4h timeframe to sometimes 'hedge' as trends begin in the smaller timeframes to longer timeframes.This has the advantage of greatly reducing drawdowns while increasing profitability.

I trade EU and GPBNZD or GPBAUD(whichever is least correlated to EU) to get some pretty decent diversification.

Also noted that the system has now normal performance for trendfollowing systems as trades pile on...the stats for last year was pretty much in the holy grail camp

thanks.

I just thought I would post some YTD results that might help encourage a few folks and maybe give them some ideas that this is all possible and that a person does nit have to spend hours sitting in front of a computer to make a few bucks.

I really should charge for my time ....
Maybe then people would put value in what they are now getting for free.......

But then I have seen people that have spent thousands of dollars on seminars and systems and been no better off at the end of that either..... the only way people can win at the trading game is to find a system that they have truly internalized, one that they have done the hard work to prove it's viability to themselves with and that they can really trust that it has a tradable edge. After that it's just a matter of consistency, discipline, and risk management.

Well I'm outta here again for a while. Trade well and remember " The Best Revenge is Success"

Thank you for taking the time to post here. I have studied your two journal threads and your posts over at Hugh's thread and you have greatly furthered my education.

One thing I never found is the period of the ATR that you use as your initial stop loss. I noticed both the ATR 1 and ATR 20 on one of your charts.

I use 1.5 times the 20 period ATR ,so if the 20 ATR was 100 my SL would be 150.
No matter the size of the SL it will still represent a % of account size. If the SL is 100 the risk is the same as it is at 150.

The SL used in the spreadsheets I linked was a 100 pip SL. I have tested several and find 1.5 times ATR is a pretty good balance.

Thank you.

Here is a video that Hugh Briss posted in his Quick and Dirty thread.....
It is a very worth while watch. What Makes a Successful Trader.

Totally agree with this statement. I have actually been wondering about the change in moving averages. Thank you so much for these stats and for listing the trades. It will greatly help in my backtesting to see if I can see the same trades as you!

Tradestar1, you are not trading this method, right? still backtesting it? You changed the SL parameters this year to optimize the results.

In this way, you can't find the working strategy!
In Oct, 2011, you optimized the SL parameter to 1*ATR(20) for the period from Jan,2011 to Oct 2011. So,you got a very good result in that period. But the forward test result was not good (Nov, 2011 to Dec, 2011). And in this year, you show us another optimized results for the period from Jan 2012 to Sep 2012 in post 32, with different SL parameters (1.5*ATR(20), and fixed 100 pips SL). And the strategy with the original SL parameters in 2011 is not working in 2012.

That's the totally wrong way to develop a working strategy. Definitely, you can always find a working strategy for a given period by optimizing the parameters. But then, you need to backtested it in another period with the same parameters to see if it works or not. If it works, then it may be a good strategy, you can forward-test it.

The problem is that you optimized the parameter for the period from Jan 2011 to Oct 2011, but you didn't backtest it in another period, for example in the year 2010. I don't think the strategies you used in 2011 or 2012 would work in 2010. This problem also called "over optimizing".