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Price, Hedge, Adapt and Trend (PHAT)

  • #21
  • Jun 10, 2012 7:44am Jun 10, 2012 7:44am
Quoting Favorite
If you're so sure in your system, please add the Trade Explorer to your profile, so we really will be able to see what is going on at your demo account. I don't want to hear about 4.29K, I want to see it!

And without the Trade Explorer all I can hear is: blah-blah-blah.

And, of course, just adding the Trade Explorer that would show 4.29K proves nothing! I want the Trade Explorer because I want to see this account in the future, because two weeks prove nothing! We'll see what happen to this account in...

An unbeliever!!..

i will look into the trade explorer option..i am doing that because i am amused by the fact that you consider everything i have put up as "blah-blah-blah"...

A great day to you mate!!..
It is possible to make large sums trading, small losses, large wins
  • #22
  • Jun 10, 2012 7:57am Jun 10, 2012 7:57am
Quoting omadivi
An unbeliever!!..
Are you looking for "believers" here? You are not Jesus Christ, are you?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #23
  • Jun 10, 2012 8:05am Jun 10, 2012 8:05am
Quoting Favorite
Are you looking for "believers" here? You are not Jesus Christ, are you?

very funny mate....

i have attached the account to trade explorer...
It is possible to make large sums trading, small losses, large wins
  • #24
  • Jun 10, 2012 8:09am Jun 10, 2012 8:09am
Quoting omadivi
i have attached the account to trade explorer...
Right now your Trade Explorer DOESN'T show the balance! It DOESN'T show the equity!

So what's the purpose of this Trade Explorer?

Please fix it!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #25
  • Jun 10, 2012 8:16am Jun 10, 2012 8:16am
Quoting omadivi
very funny mate....
Yes, I'm a lot of fun!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #26
  • Jun 10, 2012 9:09am Jun 10, 2012 9:09am
Quoting Favorite
Right now your Trade Explorer DOESN'T show the balance! It DOESN'T show the equity!

So what's the purpose of this Trade Explorer?

Please fix it!
You still don't show the balance and the equity.

However I took a look at the other details and I can see that 47 hours ago you lost 7.3% in just one trade. And at this time you were running 4 different trades. I don't think it is a good money management, I think you're heavily over-leveraging. I also don't think that losing 154 pips in just one trade shows that your system is safe.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #27
  • Jun 10, 2012 9:46am Jun 10, 2012 9:46am
Quoting Favorite
You still don't show the balance and the equity.

However I took a look at the other details and I can see that 47 hours ago you lost 7.3% in just one trade. And at this time you were running 4 different trades. I don't think it is a good money management, I think you're heavily over-leveraging. I also don't think that losing 154 pips in just one trade shows that your system is safe.
Yes, as I check the Trade explorer to see that the highest loss was for 9.5%, another for 7.3%, and next was 4.7%. Every other trades were within control.

Therefore, i dont think it is the system's fault, but maybe the executioner's fault. omadivi might hold the trade too long for some reason (probably demo account and he was not checking/care). the overall performance was great though.

I would hold my judgement until i have test it live for couple weeks. If it is doing well within a 2-month periods then i will give it a go.

The question is how long should we hold our positions (since we dont have hard stoploss). if we can control it, then probably the system could work.

Just a newbie's view. Please dont take anything i said personal. We are all here to make our trades better.
  • #28
  • Jun 10, 2012 9:57am Jun 10, 2012 9:57am
Quoting kevinpham
the overall performance was great though.

I would hold my judgement until i have test it live for couple weeks. If it is doing well within a 2-month periods then i will give it a go.

The question is how long should we hold our positions (since we dont have hard stoploss). if we can control it, then probably the system could work.

Just a newbie's view. Please dont take anything i said personal. We are all here to make our trades better.
By "overall performance" you mean the account's growth? But this growth was achieved by the heavy over-leveraging.

And about this "control... because we don't have hard stop-loss" thing. You know, the currency could go thousand pips against you in a couple of hours, it happened before and it will happen again. With this kind of system you can lose the whole account in one trade.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #29
  • Jun 10, 2012 10:22am Jun 10, 2012 10:22am
Actually, the entrance logic looks pretty decent with this system.

BUT

Martingale and trading without stops are two huge red flags that should make a person forget this one without a second thought.
  • #30
  • Jun 10, 2012 10:27am Jun 10, 2012 10:27am
Quoting Favorite
By "overall performance" you mean the account's growth? But this growth was achieved by the heavy over-leveraging.

And about this "control... because we don't have hard stop-loss" thing. You know, the currency could go thousand pips against you in a couple of hours, it happened before and it will happen again. With this kind of system you can lose the whole account in one trade.

Yes, I agree it could go 1000 pips against us within a short period of time. But as omadivi stated, we have sell-stops and buy-stops to initiate our positions the other way if price goes against us. So we need to watch our trades all the times. In this cases, we do not need to worry that we will loses the account in one order.

But the thing I worry about is what if PA reaches our stop-orders then goes back, and forth, then we will have a string of loses in a wide-ranging markets. In this case, we will have margin calls.

I still think the system could work if we do not over-leverage or not leverage at all. But many of us with small capitals would not be able to work with it.

I am currently using a system with 25Pip stoploss or 2% depends on market condition but account grow is so minimal that i want to look into other options I am a newbie and i am open to new ideas as long as it could help me. but i am do not blindly follow any system before demoing it.

Peace.
  • #31
  • Jun 10, 2012 10:35am Jun 10, 2012 10:35am
Quoting kevinpham
Yes, I agree it could go 1000 pips against us within a short period of time. But as omadivi stated, we have sell-stops and buy-stops to initiate our positions the other way if price goes against us. So we need to watch our trades all the times. In this cases, we do not need to worry that we will loses the account in one order.

But the thing I worry about is what if PA reaches our stop-orders then goes back, and forth, then we will have a string of loses in a wide-ranging markets. In this case, we will have margin calls.

I still think the system...
It's good you don't blindly follow a system.

It is even more important that you do blindly reject certain things.

Run anytime you see mention of martingale.
  • #32
  • Jun 10, 2012 11:50am Jun 10, 2012 11:50am
Omadivi, As I mentioned in another recent and new thread, ANY set of indicators put onto the majors over the last 12-16 weeks will show an instantly successful "system". The majors have been trending so heavily lately that ANY combination of (lagging) indicators will show "green pips", as you say. So basically you haven't shown us anything yet, except that you have noticed a VERY strong recent trending on the majors -- which we already knew.
To improve is to change. To perfect, is to change often.
  • #33
  • Jun 10, 2012 1:07pm Jun 10, 2012 1:07pm
Quoting kevinpham
Yes, I agree it could go 1000 pips against us within a short period of time. But as omadivi stated, we have sell-stops and buy-stops to initiate our positions the other way if price goes against us. So we need to watch our trades all the times. In this cases, we do not need to worry that we will loses the account in one order.
I don't care what he says, I see what he did. He lost more than 150 pips in just one trade and he had three more trades running at the same time which means he could very easily lose 30% of his account just because of the relatively small 150-200 pips move.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #34
  • Jun 10, 2012 1:11pm Jun 10, 2012 1:11pm
Quoting billbss
It is even more important that you do blindly reject certain things.

Run anytime you see mention of martingale.
Well said!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #35
  • Jun 10, 2012 1:25pm Jun 10, 2012 1:25pm
Quoting billbss
Run anytime you see mention of martingale.
kevinpham, you should also run any time you see the Trade Explorer that doesn't show the balance!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #36
  • Jun 10, 2012 2:37pm Jun 10, 2012 2:37pm
Quoting Favorite
I don't care what he says, I see what he did. He lost more than 150 pips in just one trade and he had three more trades running at the same time which means he could very easily lose 30% of his account just because of the relatively small 150-200 pips move.
i closed the losing trade because i had already made enough profit from that series of trades...i had several sells that had given me profit earlier..i look at the overall picture, not just singular trades...you want to see the 'money'? very well...i'ill switch it on on the explorer...and by the way, if the market had done a 150 - 200pips move, my profit would have been significantly more than what was made that week...i hear talks about martingale,like i said earlier, this system isnt for everyone....
It is possible to make large sums trading, small losses, large wins
  • #37
  • Jun 10, 2012 2:40pm Jun 10, 2012 2:40pm
Quoting forexhard
Omadivi, As I mentioned in another recent and new thread, ANY set of indicators put onto the majors over the last 12-16 weeks will show an instantly successful "system". The majors have been trending so heavily lately that ANY combination of (lagging) indicators will show "green pips", as you say. So basically you haven't shown us anything yet, except that you have noticed a VERY strong recent trending on the majors -- which we already knew.
hi forexhard,

i have been testing this out for about 2weeks...not 12 or 16weeks!!!..the indicators on their own have their merits, the key to this setup is the money management and trading more in the trend direction...
It is possible to make large sums trading, small losses, large wins
  • #38
  • Jun 10, 2012 2:47pm Jun 10, 2012 2:47pm
Quoting kevinpham
Yes, I agree it could go 1000 pips against us within a short period of time. But as omadivi stated, we have sell-stops and buy-stops to initiate our positions the other way if price goes against us. So we need to watch our trades all the times. In this cases, we do not need to worry that we will loses the account in one order.

But the thing I worry about is what if PA reaches our stop-orders then goes back, and forth, then we will have a string of loses in a wide-ranging markets. In this case, we will have margin calls.

I still think the system...

kevin, you are the man!!

thanks for your defense....i closed that trade because i was ahead overall for the week...i took some buys which i closed cos i didnt want it to go into the weekend...i cant predict weekend gaps...this system has a potential for draw-downs...i aint gona lie..but it can be managed very profitably....the whole setup is a very radical approach...just keep an open mind...its fun..and we are all learning after all...
...let the system prove itself...
It is possible to make large sums trading, small losses, large wins
  • #39
  • Jun 10, 2012 2:59pm Jun 10, 2012 2:59pm
Quoting omadivi
i closed the losing trade because i had already made enough profit from that series of trades...i had several sells that had given me profit earlier..i look at the overall picture, not just singular trades...you want to see the 'money'? very well...i'ill switch it on on the explorer...and by the way, if the market had done a 150 - 200pips move, my profit would have been significantly more than what was made that week...i hear talks about martingale,like i said earlier, this system isnt for everyone....
You must be freaking kidding me!

You lost 7.3% in just one trade, could lose 10% if wouldn't exit, and it is a good thing?

I think now I've seen everything here.

You're not trading, you're gambling. Do I have to say more?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #40
  • Jun 10, 2012 3:02pm Jun 10, 2012 3:02pm
Quoting omadivi
this system has a potential for draw-downs...
Yes, indeed!

As forexhard said before, "ANY set of indicators put onto the majors over the last 12-16 weeks will show an instantly successful "system"."

And even under these very good conditions you managed to lose 7-9% per trade. What will happen when the conditions are not that good?
Gentlemen always play by the rules. If they can't, they change the rules.
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