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1minute 1 trade

  • #541
  • Jun 16, 2012 3:55pm Jun 16, 2012 3:55pm
Quoting spyderman
Absolutely,

Twas written by Steve Hopwood, so all credit goes to him.
I've included the manual as there are numerous settings (most you won't need for this strategy). Make sure you demo it until you're comfortable with the settings.
be very careful over the years I have found that having a fixed stop and fixed TP gets max gains the leverage here s the 3;1 RR and MM

p
  • #542
  • Jun 16, 2012 4:01pm Jun 16, 2012 4:01pm
Quoting Paulus
be very careful over the years I have found that having a fixed stop and fixed TP gets max gains the leverage here s the 3;1 RR and MM

p

I appreciate the thought and of course this is your strategy, just throwing ideas out there.

Do you feel that based on a 3 to 1 fixed TP of 15 pips scenario, that it might be worth the risk of pulling your s/l to 13 pips (and risking the 2 pips) with the potential upside movement?
  • #543
  • Jun 17, 2012 7:37am Jun 17, 2012 7:37am
Quoting Paulus
I still believe that this system will make constant money and I still believe it can be improved on ..2 wins per week would give 60% growth per month without money management I think when you use MM you could double or treble that

P

P
Hi Paulus

Love your system, very impressive returns, as you have basically doubled your account every month and if you continue with that you will have over £8,000,000 by the end of the first year's trading.

Not enough to live on of course but certainly a start in the right direction.

But heres my question about MM on the quote above you say:

"I still believe that this system will make constant money and I still believe it can be improved on ..2 wins per week would give 60% growth per month without money management I think when you use MM you could double or treble that"

What do you mean by that? What MM system are you refering to?

Thanks again for a great thread will follow with great interest.

All the best Clive.
Feel the Fear and do it anyway!!!
  • #544
  • Jun 17, 2012 9:31am Jun 17, 2012 9:31am
Quoting clivepackham
Hi Paulus

Love your system, very impressive returns, as you have basically doubled your account every month and if you continue with that you will have over £8,000,000 by the end of the first year's trading.

Not enough to live on of course but certainly a start in the right direction.

But heres my question about MM on the quote above you say:

[i]"I still believe that this system will make constant money and I still believe it can be improved on ..2 wins per week would give 60% growth per month without money management I...
60% is indeed great but not double per month unless you are compounding profits to get you there.
By compounding your profits into each trade, you gain a higher percentage per month. I think this is the MM he is speaking of.
  • #545
  • Jun 17, 2012 11:05am Jun 17, 2012 11:05am
Spyderman
Was your backtest on gbp/usd from london open or New York open.
Geoff
  • #546
  • Jun 17, 2012 12:44pm Jun 17, 2012 12:44pm
Can you please tell me where you got your tick data from for your back testing. Testing on 1 min tick data means a heap of data when you back test on a few years of info.
  • #547
  • Jun 17, 2012 12:47pm Jun 17, 2012 12:47pm
Quoting Rahimseven
60% is indeed great but not double per month unless you are compounding profits to get you there.
By compounding your profits into each trade, you gain a higher percentage per month. I think this is the MM he is speaking of.

yes sorry it is .. 5 % of the compounded bank

Recovery is allot quicker using a fixed financial amount
ie

If I bet £20per pip and my stop is 10 pips then my TP is 30 pips

I lose £200 or win £600

Do this untill your bank has doubled then bet £40 per pip double again etc etc

That particular MM needs to survive 20 losers like our 5%

So if you had £1000 20 bets would be 20 bets of £50..you stick to £50 risk £150 win until the bank has double then go to £100 etc etc.

the reason the recovery is quicker after losers is because each time after a loss your still betting £50 to loss £150 to win

On my 5% method as you lose money your recovery bet gets smaller because 5% of you bank is smaller

here is an example

5% MM Starting with £1000 3 losers 2 wins

1000 x 5% = £50
Results £50 loss

£950 x 5% = £47.50
Results £47.50 loss

£902.50 x 5% = £45.12
Results £45.12 loss

£857.38 x 5% = £42.86
Results win = 15% = £128.60

£985.98 x 5% = £49.29
Result win = 15% = £147.89

Bank after 3 losers 2 winners = £1,133.87

Fixed value starting with £1000 3 losers 2wins


£1000 / 20 losers = £50 risk

1000 x 5% = £50
Results £50 loss

£950 fixed stake £50
Results £50 loss

£900 fixed stake £50
Results £50 loss

£850 fixed stake £50
Results win = 15% = £150

£1000 fixed stake £50
Result win = 15% = £150

Bank after 3 losers 2 winners = £1,150
  • #548
  • Jun 17, 2012 12:51pm Jun 17, 2012 12:51pm
has anyone coded that algo as an EA?
it seems very simple and can be BT ed.

walker
  • #549
  • Edited 3:31pm Jun 17, 2012 1:02pm | Edited 3:31pm
Mon
Account £12,262 x 5% = £613
Win £1,839

Tue
Account £14,101 x 5% = £705
Loss £705

Wed
Account £13,395 x 5% = £669
Win £2,009

Thu
Account £15,404 x 5% = £770
Loss £770

Account £14,634

Fri
Account £14,634 x 5% = £731
Win £2,196

Account £16,830

I didnt post my Friday win as I was surprised to see others had failed

My entry on my SB account was 1.2630
My SL to fill was 3 pips x 3 (15%) plus my spread of 2 = 11 pips

I needed 1.2619

The swap went down to 1.2617 but I closed manually not auto when I hit the 15% I got 14% but on other days I have lost 4% not 5% so it tends to level out as my calculations cannot be exact due to the 1min time frame
  • #550
  • Jun 17, 2012 2:21pm Jun 17, 2012 2:21pm
Quoting GEOFFREY62
Spyderman
Was your backtest on gbp/usd from london open or New York open.
Geoff

New York
  • #551
  • Jun 17, 2012 2:53pm Jun 17, 2012 2:53pm
Paulus,

I have no experience whatsoever with a sb.
So I was wondering....when you place your trade do you just pick the amount of your account that you want to risk and place and the sb automatically calculates the per pip value based on your risk and SL. Or do you have to calculate out the number of lots etc...

Thanks in advance.
  • #552
  • Jun 17, 2012 4:05pm Jun 17, 2012 4:05pm
it seems that tighter stops continue to be more profitable; Paulus 72% since thread started, me 38% employing larger stops

although, i havent traded every session and still need a bigger sample to be sure

will run 2 positions simultaneously.........tigher stops and bigger

Paulus, when you post your trades, could you please tell us your stop price?
.
  • #553
  • Jun 18, 2012 1:20am Jun 18, 2012 1:20am
Quoting mannai70
Paulus,

I have no experience whatsoever with a sb.
So I was wondering....when you place your trade do you just pick the amount of your account that you want to risk and place and the sb automatically calculates the per pip value based on your risk and SL. Or do you have to calculate out the number of lots etc...

Thanks in advance.
I have to do the calculation..it averages out at 5% and 15% over the week

It is a rush but I have it down to a fine art
  • #554
  • Jun 18, 2012 1:21am Jun 18, 2012 1:21am
Quoting PeterE
it seems that tighter stops continue to be more profitable; Paulus 72% since thread started, me 38% employing larger stops

although, i havent traded every session and still need a bigger sample to be sure

will run 2 positions simultaneously.........tigher stops and bigger

Paulus, when you post your trades, could you please tell us your stop price?
.
sure no problem 99% of the time its 1 full pip above the last swing hi or low using 4 digits
  • #555
  • Jun 18, 2012 2:14am Jun 18, 2012 2:14am
Quoting Paulus
sure no problem 99% of the time its 1 full pip above the last swing hi or low using 4 digits
Now you look to short e/u?
  • #556
  • Jun 18, 2012 3:43am Jun 18, 2012 3:43am
short 1.2704 @ 710GMT SL 1.2730 (-5%) TP 1.2626 (+15%)

+15% TP reached (running total +53% @ 22 sessions)


tight stops comparison:

short 1.2704 @ 710GMT SL 1.2710 (-5%) TP 1.2686 (+15%)

+15% TP reached (running total +15% @ 1 session)
.
  • #557
  • Jun 18, 2012 4:25am Jun 18, 2012 4:25am
We need an EA (or is it a script?) that will allow us to key these 3 variables:

Stop price
Risk %
Reward %

These 3 variables are easily keyed before the signal. Once the signal arrives, hit OK. And an at market order is sent.

The EA uses your account balance, opening price, SL and risk/reward % to calculate the appropriate lot size.


Quoting Paulus
I have to do the calculation.........
It is a rush but I have it down to a fine art
  • #558
  • Jun 18, 2012 4:35am Jun 18, 2012 4:35am
Quoting PeterE
short 1.2704 @ 710GMT SL 1.2730 (-5%) TP 1.2626 (+15%)

+15% TP reached (running total +53% @ 22 sessions)


tight stops comparison:

short 1.2704 @ 710GMT SL 1.2710 (-5%) TP 1.2686 (+15%)

+15% TP reached (running total +15% @ 1 session)
.
Hi Peter -- Can you confirm that 1.2704 is the correct price to short from ? My platform has that particular bar as showing as light green on my macd and does not go dark green until the next bar even allowing for platform differences my xx.10 bar opens at 1.2705 and closes at 1.2698, that is still 6 points difference to you, quite a lot.

Just confused, can you confirm 1.2704 was the correct price and that all conditions had been met to enter at that time ? I woulden't expect differences in platforms to be that much.

Cheers ............

Great system Paulus by the way and thanks very much for sharing.
  • #559
  • Jun 18, 2012 4:39am Jun 18, 2012 4:39am
Quoting PeterE
We need an EA (or is it a script?) that will allow us to key these 3 variables:

Stop price
Risk %
Reward %

These 3 variables are easily keyed before the signal. Once the signal arrives, hit OK. And an at market order is sent.

The EA uses your account balance, opening price, SL and risk/reward % to calculate the appropriate lot size.
There is a script available which does this. Search for 'EASY ORDER'. Allows you to predetermine your risk (%) of account, then drag your SL and TP lines to wherever you want to. Whenever you're ready you just press 'submit' and it calculates the lot size and places the order with your SL and TP.

Check it out.

JPR
  • #560
  • Jun 18, 2012 4:47am Jun 18, 2012 4:47am
Quoting klw
Hi Peter -- Can you confirm that 1.2704 is the correct price to short from ? My platform has that particular bar as showing as light green on my macd and does not go dark green until the next bar even allowing for platform differences my xx.10 bar opens at 1.2705 and closes at 1.2698, that is still 6 points difference to you, quite a lot.

Just confused, can you confirm 1.2704 was the correct price and that all conditions had been met to enter at that time ? I woulden't expect differences in platforms to be that much.

Cheers ............

Great...
yup, different on Alpari (UK) too - signal candle at 08:11 (UK) with a low of 1.26968, swing high for stop 1.27057 + 1 pip + spread. 08:19 candle high reached 1.27064, so in theory just missed being stopped out.
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