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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #2,761
  • Apr 20, 2013 8:02am Apr 20, 2013 8:02am
Quoting ber_tdf
Hi Condor, certainly you can do backtesting in a EA with multiframe indicators, requires some roguery ! If you are interested I could tell you how I do it. Regards, Bernardo.
For sure i'm interested cause as you have seen the results are great for the moment on forward test.
My name is Martin... Martin Gale
  • #2,762
  • Apr 20, 2013 8:14am Apr 20, 2013 8:14am
Quoting condor666
For sure i'm interested cause as you have seen the results are great for the moment on forward test.
Hi Condor, you going to need two things:

- A modification of the MTF indicator to record the values ​​in a SVN file type. The way I do it's by testing an EA in the same TF of the MTF indicator (the EA which does nothing) and put the indicator in the chart (in visual mode obviously) so I record only the values that I want for the test period.

- In the EA (that if you want to test) when you call the MTF indicator verified if you are in testing mode, if yes, then look for the value stored in the SVN file.

It's a simple and effective solution that I have not seen anywhere.

If you need some code or help regarding this, send me an PM and we see it.

Regards, Bernardo.
  • #2,763
  • Apr 20, 2013 8:59am Apr 20, 2013 8:59am
i like

Quoting prozor7
here is a 20 Pip Stair Step Method - plan how to make 1 Milion ($1,000,000.00) in a year with $1,000.00 {image}
  • #2,764
  • Edited 11:25am Apr 20, 2013 9:48am | Edited 11:25am
Guys, there were a lot of questions about MM lately, so I think I'll explain the way I see it:

In one of my first posts in this thread I explained: I would never trade my main account with DNA's MM (and it is true, I'm a full-time professional trader and I never tried to become a millionaire starting with a hundred bucks), but it sounds interesting and I would be willing to risk a couple of thousand dollars.

And that's exactly what I did! But when you trade M1 it is almost impossible to trade two accounts at once, so I separated my main account: $500 was going to be my experimental amount and everything else - my main amount.

I trade my main amount with my usual MM, with 15 pips stop (for me it's a lock) I risk only 3% of my capital, and I never have more than one open trade, so this MM is much safer than most of the traders have.

I trade my experimental amount with DNA's MM, but since I have 15 pips emergency stop (for me it's a lock) I risk only 15% of my experimental amount, and I explained several times that if price goes against us we should exit with a small loss or a small profit, we don't wait until the stop gets hit. So if the trade goes wrong, I would actually lose not even 15% but closer to 7-8%.

So I open only one trade and this trade's lot size is equal to the main amount's lot size plus the experimental amount's lot size. It is much easier to handle, all I have to do is to keep the track of both amounts and calculate the lot size.

Babon has been very good for both kinds of MM (my usual MM and DNA MM) and for both parts of the account - both main part and experimental part.

And don't ask me how much is this experimental amount right now - I don't want the trolls get too excited!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,765
  • Apr 20, 2013 10:10am Apr 20, 2013 10:10am
Quoting ber_tdf
Hi Condor, you going to need two things: - A modification of the MTF indicator to record the values ​​in a SVN file type. The way I do it's by testing an EA in the same TF of the MTF indicator (the EA which does nothing) and put the indicator in the chart (in visual mode obviously) so I record only the values that I want for the test period. - In the EA (that if you want to test) when you call the MTF indicator verified if you are in testing mode, if yes, then look for the value stored in the SVN file. It's a simple and effective solution...
Did you mean the i should record all values in a cvs file with an ea dedicated to this ?
My name is Martin... Martin Gale
  • #2,766
  • Apr 20, 2013 10:12am Apr 20, 2013 10:12am
Quoting Favorite
... (for me it's a lock) ...
Could you explain me how you manage your locks cause i burned 2 accounts while using locks.
My name is Martin... Martin Gale
  • #2,767
  • Apr 20, 2013 10:18am Apr 20, 2013 10:18am
don't ask me how much is this experimental amount right now - I don't want the trolls get too excited! [/quote]

too late for that, i am excited already and won't sleep until i know
  • #2,768
  • Apr 20, 2013 10:24am Apr 20, 2013 10:24am
Quoting condor666
Did you mean the i should record all values in a cvs file with an ea dedicated to this ?
Condor, no, if you follow the step A described in my previous post, you should get something like this into the SVN file:

Inserted Code
00:00:00 | 1324425600;65.48901;66.48557
00:05:00 | 1324425900;61.78503;66.26931
00:10:00 | 1324426200;57.95239;64.85408
00:15:00 | 1324426500;53.25290;62.31576

That information is that you need to "simulate" MTF values ​​in your EA.

Regards, Bernardo.
  • #2,769
  • Apr 20, 2013 10:46am Apr 20, 2013 10:46am
Quoting tonny47
too late for that, i am excited already and won't sleep until i know
tonny47, I was talking about the trolls!

And for normal traders getting excited is a good thing, so to keep you excited I'll keep my secret safe and my mouth shut!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,770
  • Apr 20, 2013 10:50am Apr 20, 2013 10:50am
Quoting condor666
Could you explain me how you manage your locks cause i burned 2 accounts while using locks.
condor666, it's all about discipline - I wait until I have a very good signal (the signal I'm sure 200%) and only then I unlock my lock. Sounds very simple but it is not that simple to do. So I don't have any secrets, just follow the rules...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,771
  • Apr 20, 2013 11:09am Apr 20, 2013 11:09am
Quoting ber_tdf
Condor, no, if you follow the step A described in my previous post, you should get something like this into the SVN file: 00:00:00 | 1324425600;65.48901;66.48557 00:05:00 | 1324425900;61.78503;66.26931 00:10:00 | 1324426200;57.95239;64.85408 00:15:00 | 1324426500;53.25290;62.31576 That information is that you need to "simulate" MTF values ​​in your EA. Regards, Bernardo.
The code you have written looks like a cvs file for me, like that function :
Inserted Code
  int handle;
 datetime orderOpen=OrderOpenTime();
 handle=FileOpen("filename", FILE_CSV|FILE_WRITE, ';');
 if(handle>0)
 {
    FileWrite(handle, Close[0], Open[0], High[0], Low[0], TimeToStr(orderOpen));
    FileClose(handle);
 }
My name is Martin... Martin Gale
  • #2,772
  • Apr 20, 2013 11:13am Apr 20, 2013 11:13am
I never understood the rush to attain 100% -1000%-xxxxxxxx% ....
What is the rush? is absolutely necessary to have 1m. $ by the end of the day? month? year?
It is a matter of life and death?

Or is it something else? Perhaps the right approach is quite different ...

Although I can not say I do not want $ 1mil until tomorrow morning ... I see a little different situation

For me:
- Forex is not a speed race, it`s a marathon.... it`s an occupation in which I learn something new every minute
And ....a good trading strategy is the strategy that brings a steady gain in good risk-reward

leaving aside calculations that I see here, for me Babon figures mean :

ONLY FOR EURUSD:
- Fast trades with minimal 5p gain, (average 15p)
- Minimum 4 optimal trades per day (average of 8)
- 94.4% win trades (the rate is affected by the first tests of the system) with SL 20p
- 412p green after the last two weeks of trading

Is it much? It's a little? I do not know

All I know is that to me this system:
- almost doubled my usual monthly average
- is a profitable way to "waste my time" waiting for signals from other two strategies used
- keeps me alert and focused

and...above all....IS FUN !!!!!

Thank you Favorite!

PS: for all those who want constant gains of 100% per day ... a hint:
Try to get at least 20% per month consistently for a year and you can get the desired financial independence
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,773
  • Apr 20, 2013 11:17am Apr 20, 2013 11:17am
Quoting condor666
Could you explain me how you manage your locks cause i burned 2 accounts while using locks.
Me too I feel nervous when I lock a trade...
Don't know why!
So, I think would be better, for me, take the loss, and restart trading..
Or... I can start with little account, let's say 500$, and double it several times: if you use my 500 stop for calculating lot size, 500$ will give you 0,1 lot size, with only 18 pips per day imwillmdouble once in a month..
If it is a good day, lets say 40 pips, i think I've made the gain for 2 days (compounding every 20 pips).

If you are able in gaining 40 pips per day, you will double 2 times a month...

If you start in may with 500 it will be:
M 1000 - 2000
J 4000 - 8000
J 16000 - 32000
August no trade
S 64000 - 128000
From October I will be satisfied with only 10% per month!!!!!
  • #2,774
  • Apr 20, 2013 11:18am Apr 20, 2013 11:18am
Quoting Simonik
I never understood the rush to attain 100% -1000%-xxxxxxxx% .... What is the rush? is absolutely necessary to have 1m. $ by the end of the day? month? year? It is a matter of life and death? Or is it something else? Perhaps the right approach is quite different ...
Quoting Simonik
for me Babon figures mean : - Fast trades with minimal 5p gain, (average 15p) - Minimum 4 optimal trades per day (average of 8) - 94.4% win trades (the rate is affected by the first tests of the system) with SL 20p - 412p green after the last two weeks of trading
Quoting Simonik
All I know is that to me this system: - almost doubled my usual monthly average - is a profitable way to "waste my time" waiting for signalsfrom other two strategies used - keeps me alert and focused and...above all....IS FUN !!!!! Thank you Favorite!
Thank you, Simonik, that's one hell of a post!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,775
  • Apr 20, 2013 11:21am Apr 20, 2013 11:21am
Quoting dnabrasil
Me too I feel nervous when I lock a trade... Don't know why! So, I think would be better, for me, take the loss
DNA, I think there are traders who are comfortable with locks, and there are traders that are uncomfortable with locks, and it is normal, people are different.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,776
  • Apr 20, 2013 11:29am Apr 20, 2013 11:29am
Quoting condor666
The code you have written looks like a cvs file for me, like that function : int handle; datetime orderOpen=OrderOpenTime(); handle=FileOpen("filename", FILE_CSV|FILE_WRITE, ';'); if(handle>0) { FileWrite(handle, Close[0], Open[0], High[0], Low[0], TimeToStr(orderOpen)); FileClose(handle); }
Hi Condor, yes it's a text file.

Regards, Bernardo.
  • #2,777
  • Apr 20, 2013 11:30am Apr 20, 2013 11:30am
Quoting Favorite
Thank you, Simonik, that's one hell of a post!
You are too kind F...
I thought it was time to do a little analysis of the system ... and the results are (for me) spectacular
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,778
  • Apr 20, 2013 11:34am Apr 20, 2013 11:34am
Quoting Simonik
You are too kind F... I thought it was time to do a little analysis of the system ... and the results are (for me) spectacular
And you are too modest, Simonik: I'm sure 94.4% winning rate sounds spectacular not only for you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,779
  • Apr 20, 2013 11:49am Apr 20, 2013 11:49am
Quoting Favorite
And you are too modest, Simonik: I'm sure 94.4% winning rate sounds spectacular not only for you!
You know that i am ...and verry selective with my signals

Between my MM and my expectations in general 30p /day it`s ok for me

All i have to do is to

- learn the rules of the systems
- respect the rules
- be patient

And...i trade only EU...in rare cases i open another chart...will be fun with multipairs
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,780
  • Apr 20, 2013 12:03pm Apr 20, 2013 12:03pm
Quoting Simonik
You know that i am ...and verry selective with my signals Between my MM and my expectations in general 30p /day it`s ok for me All i have to do is to - learn the rules of the systems - respect the rules - be patient And...i trade only EU...in rare cases i open another chart...will be fun with multipairs
That's one VERY smart lady-trader!

You guys should learn from Simonik! I mean to learn A LOT!
Gentlemen always play by the rules. If they can't, they change the rules.
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