DislikedI'm bumping this thread, just wanted to know if anyone is still using it? I'm really interested in this idea, as well as all idea's that are based on the Equity Millipede concept!Ignored
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DislikedI'm bumping this thread, just wanted to know if anyone is still using it? I'm really interested in this idea, as well as all idea's that are based on the Equity Millipede concept!Ignored
Disliked@lite27
Please see the first post regarding pairs. Why do you think monthly is better? You only get to place 12 trades per year. The purpose is to stack at least one trade per week when you catch a trend.
@hewtwok
Both lots have 100 pips SL. One lot has 100 pips TP, the other doesn't have a TP. The purpose is to get a free trade without moving the SL, thus giving it more breathing space. I took this concept from Graeme's grid trading idea which stated that you went long at 1.5400 (if price came up from 1.53) or short (if price came down from 1.55)...Ignored
DislikedHow many pairs you running? Also what is your risk% per trade and also do you have a max risk% per account you never exceed? ThanksIgnored
DislikedOne could also, every year, while compounding this, start a new trading account with $1000 in it, with a "maturity date" 3 years down the road. So Day 1 in Year 2013 , you start the first account with $1000, which will hopefully grow to $125000 at the end of 2015. But along the way, you start another account on Day 1 in 2014, with $1000, that will grow to $125000 at the end of 2016. You keep starting a new account every year, so that every year, you are making a $125000 withdrawal from a trading account, back to your savings account.Ignored
DislikedSomebody has a script perhaps for launching the weekly grid across pairs ?Ignored
DislikedSo I had some free time today, and made the changes I listed. So here is the upgraded script for use.
The script sends 2 pending orders at the nearest 00 levels on multiple pairs - a buy stop at the nearest 00 level above, and a sell stop at the nearest 00 level below current price. The stop loss is 100 pips.
You can use risk based lot sizing. To use this, enter 0 to the "lots" parameter, and enter the risk in percent (without the % mark) at the risk parameter (default is 1%).
If you want to use other pairs than the defaults, it's easier...Ignored
DislikedAll sounds good, what bothers me is the "locking of 100 pips profit for a free trade"
Many people use that, and it feels good...BUT it basically goes against the golden rule of letting profits run and cutting losses...and goes against your bottom line.
Why?...if you always sell a portion in the beginning, you make sure your biggest loss is always full when you loose...but your biggest win is only half loaded when you winn...in the long run...it is always better to run the full load both ways.
If you get stoped in the beginning (full double load)...Ignored