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As Easy as "PI"

  • #481
  • Mar 13, 2013 5:50pm Mar 13, 2013 5:50pm
Quoting Kelvinfx
Hi Spidey, thanks for your sharing.

I really like this system because im working with a similar way. Based on slope direction line, daily charts. And trying to get trends with a few days, a week, who knows..

I would like to ask you, in an open operation, if you are getting profits at the 1st day and you see a little turn of the price (lets say you have +80 pips and then the market send you to get +50 pips in a few min and start to hit your stop moved by trailing/stop) What would you do? let it hit the stop and leave with +50 pips. Or just...
Once I place my pending order and it triggers, I stay with the trailing stop. That's the way I'm playing it now. Now if I saw some major news event that might change the market sentiment then I might make an adjustment but that would be rare.
  • #482
  • Mar 14, 2013 11:57am Mar 14, 2013 11:57am
@Spyderman,

Saw, that you trade sometimes pairs/currencies with high swap/rollover rates, such as AUD and NZD.

Itīs not the issue here in your thread, but do you consider or combine such pairs in your basket in regard to Carrytrading?

E.g. AUDCHF did perform well and why not trade similar currencies? Catching pips and swap rate.

In the longterm run, especially with higher position sizes, the swap-rates can play a not underestimated part.
Anyway and independent, such pairs can provide information about the cash flow, where commercials are invested by influencing the neutral major-pairs performance.

FYI: Only a thought!

For followers and newbies and for additional information concerning carrytrade-strategy please refer to:

http://www.forexfactory.com/showthread.php?t=55679

Trade well my friends
Over60
Enter Signature
  • #483
  • Mar 14, 2013 12:20pm Mar 14, 2013 12:20pm
Quoting Over60
@Spyderman,

Saw, that you trade sometimes pairs/currencies with high swap/rollover rates, such as AUD and NZD.

Itīs not the issue here in your thread, but do you consider or combine such pairs in your basket in regard to Carrytrading?

E.g. AUDCHF did perform well and why not trade similar currencies? Catching pips and swap rate.

[font=Verdana]In the longterm run, especially with higher position sizes, the swap-rates can play a not underestimated part....
Over60,

Playing swap rates is definitely a strategy that some employ. I personally do not. Global interest rates are so low they come much less into play then they once did.

As far as being more important with larger position sizes, I would disagree. They are still going to be a percentage of the position size, so yes, they may be a higher dollar amount, but so is the position size. They spread cost as well will increase with position size, but still only in comparison to the position size.

I also wouldn't want the swap to become a limiting factor for entrance to a trade on a long term strategy. For example right now the GbpUsd is very favorable on swap, but it's turning out to be an excellent trade on PI.

Lastly, swap rates vary greatly with brokers, so you'd have to factor that in as well. A broker that might be favorable for swaps might not do so well on spreads or other factors.
  • #484
  • Mar 21, 2013 3:40am Mar 21, 2013 3:40am
Hi Spyderman,

Is this thread still active or is there a glitch with your trade explorer, looks like no open trades?

Good work on this by the way - and having the cojones to attempt this in the first place.
  • #485
  • Mar 21, 2013 5:25am Mar 21, 2013 5:25am
Quoting S_Ferrer
Hi Spyderman,

Is this thread still active or is there a glitch with your trade explorer, looks like no open trades?

Good work on this by the way - and having the cojones to attempt this in the first place.
No glitch. I'm not going to be using this broker going forward so had to close all my positions. Interested in seeing the withdrawal process as well.

As far as the strategy, I'm still going to employ going forward. I think it's a good long term strategy. There's not much more to say as far as the thread.
I think everyone can get the sense of what's going on and mold it to their own trading tastes. Hopefully, it's given some ideas for people to benefit from.
  • #486
  • Mar 21, 2013 8:23am Mar 21, 2013 8:23am
Spyderman

You sounded as to shut down your thread?
If so sad again to see a good thread soon to become inactive.

Well... it has been wonderful to follow your trading method, thou I am not 100% followed (a slower learner I think, also partly poor English understanding )

BTW what will be your new MT broker?

Thanks
  • #487
  • Sep 12, 2013 8:00am Sep 12, 2013 8:00am
Just a brief update.

As the market doldrums of summer should be coming to an end, I am going to retest my PI strategy over the coming months.
I'm not 'restarting' the thread as such, but may update once in a while if it goes well.

Cheers.
  • #488
  • Feb 25, 2014 9:11am Feb 25, 2014 9:11am
Quoting spyderman
Just a brief update. As the market doldrums of summer should be coming to an end, I am going to retest my PI strategy over the coming months. I'm not 'restarting' the thread as such, but may update once in a while if it goes well. Cheers.
hello spiderman, do you still trade this system, i m not traded this system yet, i ll do and post results here thank you verymuch for the system
gEt BusY LiVinG oR Get bUsy dyIng
  • #489
  • Feb 25, 2014 11:42pm Feb 25, 2014 11:42pm
Quoting asithaya
{quote} hello spiderman, do you still trade this system, i m not traded this system yet, i ll do and post results here thank you verymuch for the system
good...

hope spyderman would return ?
  • #490
  • Feb 26, 2014 2:03am Feb 26, 2014 2:03am
Quoting tlpfx14
{quote} good... hope spyderman would return ?
lets pm him
gEt BusY LiVinG oR Get bUsy dyIng
  • #491
  • Feb 26, 2014 6:54am Feb 26, 2014 6:54am
I have been summoned...

Hey all. Glad there's still some interest in PI.

Actually I have taken the strategy back up with some refinements to try and address some of the negative issues of the original strategy.

I'll keep the thread posted if it looks to be a positive direction.

Thanks
  • #492
  • Feb 26, 2014 8:23am Feb 26, 2014 8:23am
Quoting spyderman
I have been summoned... Hey all. Glad there's still some interest in PI. Actually I have taken the strategy back up with some refinements to try and address some of the negative issues of the original strategy. I'll keep the thread posted if it looks to be a positive direction. Thanks
Nice to see you back, waiting for new updates , In the mean time i ll trade main PI system in a demo account
gEt BusY LiVinG oR Get bUsy dyIng
  • #493
  • Feb 26, 2014 8:25am Feb 26, 2014 8:25am
Quoting spyderman
I have been summoned... Hey all. Glad there's still some interest in PI. Actually I have taken the strategy back up with some refinements to try and address some of the negative issues of the original strategy. I'll keep the thread posted if it looks to be a positive direction. Thanks

cant wait to read your posts!
cheers
  • #494
  • Feb 26, 2014 11:31pm Feb 26, 2014 11:31pm
hello, system is doing well during trending period. If the entries and exits can be tweaked for volatility, we can have more success.
  • #495
  • Feb 27, 2014 6:20am Feb 27, 2014 6:20am
This weekend I'll try and sit down and spell out changes I've made, etc. Not huge, just some filtering and lot size management.
  • #496
  • Feb 27, 2014 8:08am Feb 27, 2014 8:08am
Quoting spyderman
This weekend I'll try and sit down and spell out changes I've made, etc. Not huge, just some filtering and lot size management.
  • #497
  • Feb 27, 2014 11:14am Feb 27, 2014 11:14am
One of the best threads on ForexFactory
  • #498
  • Feb 27, 2014 11:43am Feb 27, 2014 11:43am
Quoting S_Ferrer
One of the best threads on ForexFactory

Why explain please if you have had good experience with this strategy ?


Best regards
  • #499
  • Feb 27, 2014 1:32pm Feb 27, 2014 1:32pm
Quoting jgadefelth
{quote} Why explain please if you have had good experience with this strategy ? Best regards
I've followed this thread since the beginning and learned a lot in the process. Its good to see it back.
  • #500
  • Mar 1, 2014 6:37am Mar 1, 2014 6:37am
Hello all.

So here we are back again for another slice of "PI"

I find myself returning to PI, not because it's some "Holy Grail" (it doesn't exit) of trading, or even because it's better then any number of trading systems discussed here on FF. I've returned to it because PI fits my style of trading and ultimately I think it will prove to be a successful long term strategy for me.

It will not make you rich quickly, not even close. But if you stick with it, it can, over time grow your account nicely, just like many other trend following systems.

I recently read the book "Following the Trend - Diversified Managed Futures Trading" by Andreas F. Clenow
I had something of an Ah Ha moment reading his book and I would recommend it to anyone serious about trading.
He proved statistically and empirically, that over time, even the most basic of trend following systems will and can compete and even out perform
the major indices and popular hedge funds in terms of performance and account growth.

It's not about the entries and exits. It's about diversification and money management.
Diversification in Forex trading is somewhat difficult depending on the instrument offerings of your broker, and we won't go into detail on that here.
Suffice to say that it is beneficial to your long term bottom line if you can vary your investments across asset classes, such as equities, commodities, currencies, rates, etc.

Money Management is another story.
With any trend following system the goal obviously is to get in early on a trend and take it for a long profitable ride. The problem is that we don't know when that will occur and no technical or fundamental analysis is going to be able to predict that. We just need to make sure we're there, ready and in place, when it happens.

In order to do that we're going to suffer a lot of minor setbacks in the process. We need to be able to weather the perhaps many small losses so that we will still be in the game when the home run comes along.
Also, to the degree possible, we want to minimize those small losses so that our accounts don't take too much of a hit while we're waiting.

And that brings us to a couple of the problem areas that I personally had with the original PI system...and many other trend systems I've tried.

...to be continued...
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