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Building an equity millipede

  • #5,861
  • Edited 9:04am May 8, 2013 8:50am | Edited 9:04am
Quoting vaevictis
...I'm not sure how comfortable I am to be exposed to a potential drawdown with many positions taking 2.6% risk per trade, while in the meantime I have to open and hold more positions for the long term....
Yes, that is the biggest challenge there is in this method. But if you are patient it pays off.

As your opened positions advance into profit, you move their SL to BE therefore they [positions] are no longer present any risk. Only freshly opened positions are at risk.
here is the example from my live trading account.
http://ph.terraimpera.com/4-28-2013%204-16-00%20PM.gif

As you see, I suffer a lot of small losses as my positions closed with 100 pips loss, but I held combined position until it reached the target that came from TA.
I do not know any other method that can produce 2000 pips in two month with controlled risk
True knowledge is knowing that you know nothing. Socrates.
  • #5,862
  • May 8, 2013 1:49pm May 8, 2013 1:49pm
Quoting Sarkel
{quote} Yes, that is the biggest challenge there is in this method. But if you are patient it pays off. As your opened positions advance into profit, you move their SL to BE therefore they [positions] are no longer present any risk. Only freshly opened positions are at risk. here is the example from my live trading account. http://ph.terraimpera.com/4-28-2013%204-16-00%20PM.gif As you see, I suffer a lot of small losses as my positions closed with 100 pips loss, but I held...
Well done Sarkel on those trades
If you think you can or cannot do it you are correct
  • #5,863
  • May 9, 2013 1:34am May 9, 2013 1:34am
Quoting Sarkel
{quote} Yes, that is the biggest challenge there is in this method. But if you are patient it pays off. As your opened positions advance into profit, you move their SL to BE therefore they [positions] are no longer present any risk. Only freshly opened positions are at risk. here is the example from my live trading account. http://ph.terraimpera.com/4-28-2013%204-16-00%20PM.gif As you see, I suffer a lot of small losses as my positions closed with 100 pips loss, but I held combined position until it reached the target that came from...
Can I ask you why you only go long in the example?

You dont open one short trade
  • #5,864
  • May 10, 2013 10:47am May 10, 2013 10:47am
Quoting Smike
{quote} Can I ask you why you only go long in the example? You dont open one short trade
Can I ask you why you think he went only long in his example?
Can I ask you how would it matter if he went long or short?
Can you ask why a pair moves up, down, up, down, down, down, down, down, up, up, stall, down, down, up, up, up, up, up, stall, stall, down, up, down etc
Can you convince yourself that what is shown here on public forums could not be the complete picture of what he is willing to share?

You are focussing on what's not there rather than what's there right in front of you.... just my 2 cents.

I have received half a dozen requests on how I stack aggressively which compelled me to respond to this post. Even if I share all my screenshots and try to explain what I do, I can guarantee it won't help anyone as what goes on in my head when I am in the 'zone' is something that cannot be replicated by anyone. It will just raise more questions in your mind about the endless possibilities.

njoy
Staying in my lane...
  • #5,865
  • Edited 12:34pm May 10, 2013 11:43am | Edited 12:34pm
Quoting Smike
{quote} Can I ask you why you only go long in the example? You dont open one short trade
VEEFX, don't be mean.

Smike, look at this chart, you might understand why I went long from there.
http://ph.terraimpera.com/5-10-2013%2012-25-44%20PM.gif
If you are asking "why I went ONLY long from there?". Well, I wrote somewhere in this forum that diversification is not really working for me. I would rather take few small losses than trade every day.

Looking at the picture you might also ask - why am I short now. I have so many reasons, don't know where to start. I will need another forum just for that.

I see that it might!!! go to as low as 1.44-1.45. But, again - MIGHT. As you see I am in position and it is protected after five orders. It might go against me any day, but I will not lose anymore; I went short a little early and got 2 stop-loss executions.
From December-12 to May-13 I've executed about 40 orders, more than half of them were closed at BE or with SL=80-100pips.

VEEFX is right, most of the traders are looking for ready to go answer. THERE IS NO SUCH ANSWER.
Looking for a black cat in the dark room, which was never there, btw.

Try to look deeper at this problem. You have to find an answer inside yourself. Psychology is the key. The black cat is your mind.
Before you place your firsts order you have to become self aware. You have to know: Why you do, what you do the way you do it.
I will repeat again: why YOU do, what YOU do the way YOU do it. YOU not me.
Forget technical analysis.
True knowledge is knowing that you know nothing. Socrates.
  • #5,866
  • May 10, 2013 12:12pm May 10, 2013 12:12pm
I think, I am going to go futures now and be done with MT4. I just have had enough of broker's trick closing my stops with one candle.
Also, I am researching the possibility to sell option covered CALLs and write PUTs, against established positions; therefore making a profit (even small one) while holding millipede position without closing its legs, at the same time shifting BE level farther from the price.
I think it worth a try. But MT4 is a bye-bye!!
True knowledge is knowing that you know nothing. Socrates.
  • #5,867
  • May 10, 2013 6:06pm May 10, 2013 6:06pm
An even simpler view was the consolidation and hammers that formed at the bottom, suggesting a reversal.
You are in a maze of twisty little passages, all alike.
  • #5,868
  • May 10, 2013 10:03pm May 10, 2013 10:03pm
Quoting VEEFX
{quote} Nope.. but should be pretty easy for anyone to port it on MT4. http://forexforums.dailyfx.com/blogs...rketscope.html
I made this indi a while ago.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 43 KB


specific for my broker. 5 digits and 30 pairs.
You have my permission to alter the code to suit your needs.
Attached File(s)
File Type: mq4 Movers and Shakers.mq4   7 KB | 654 downloads
  • #5,869
  • Edited 5:48am May 11, 2013 5:23am | Edited 5:48am
http://www.forexfactory.com/showthre...71#post4031871

"I will not elaborate any further in the above 2 theorems as I know this will lead to no progress in your learning phase. What works for me is for me."


There is a paradox in all of this ... Pipeasy's posts can be really understood, only after you become consistently profitable and happy with your trading ... the irony is that at that stage you don't need the information he presented anymore, because you have your own theorems.

Cheers,

Cam
  • #5,870
  • May 12, 2013 6:21pm May 12, 2013 6:21pm
Just humor, nothing to do with trading.

1. Don't think
2. If you think - don't speak
3. If you think and speak - don't write
4. If you think, speak and write - don't sign
5. If you think, speak, write then sign - don't get surprised.
True knowledge is knowing that you know nothing. Socrates.
  • #5,871
  • May 13, 2013 9:04am May 13, 2013 9:04am
Many people asking me in PM about indicators that are plotting OI and CME Volume on the chart.
These are simple indicators that are reading data from a csv file. The csv file is a simple file that I update manually every day reading data from CME web-site.
The CME web-site data, as you might know is always old; it is published twice a day. But for me it is fine, because I am not interested to trade on daily even weekly fluctuations.
So, I will attach files and indicators here, so can use them as well. Drops files into appropriate folders.

Again: Indicators show only yesterday's data and only what is in the files, therefor, you need to update these files manually every day.
It is helpful only if you a long-term trader, otherwise don't bother.

If someone who can program can figure out a way to download and then plugin fresh data into these files please make it known.
Attached File(s)
File Type: mq4 Vol_OI.v.1.3.mq4   2 KB | 458 downloads
File Type: mq4 OI-Delta.v.1.0.mq4   2 KB | 450 downloads
File Type: csv Vol_OI.csv   75 KB | 460 downloads
File Type: csv OIdelta.csv   61 KB | 404 downloads
True knowledge is knowing that you know nothing. Socrates.
  • #5,872
  • May 14, 2013 12:12pm May 14, 2013 12:12pm
Quoting cameron1st
http://www.forexfactory.com/showthre...71#post4031871 "I will not elaborate any further in the above 2 theorems as I know this will lead to no progress in your learning phase. What works for me is for me." There is a paradox in all of this ... Pipeasy's posts can be really understood, only after you become consistently profitable and happy with your trading ... the irony is that at that stage you don't need the information he presented anymore, because you have your own theorems. Cheers, Cam
very well said. We need to read that post number of times to fully understand.
-happyTrading-myFx.
  • #5,873
  • May 14, 2013 2:13pm May 14, 2013 2:13pm
How often do you make 900 pips in two weeks on one pair? Not that often.
http://ph.terraimpera.com/5-14-2013%203-04-34%20PM.gif
Thanks to PipEasy, Jason Alan Jankovsky, Jesse Lauriston Livermore and others.
Thank you, Thank you.
Now, I can go sailing.
True knowledge is knowing that you know nothing. Socrates.
  • #5,874
  • May 15, 2013 1:21pm May 15, 2013 1:21pm
Quoting VEEFX
WTH... I am bored doing this crap over and over again {image} {image} {image}
Veefx can you share some of your trading statistics? profitable with the concept?
  • #5,875
  • Edited May 19, 2013 12:59am May 18, 2013 9:36pm | Edited May 19, 2013 12:59am
Quoting Mjolnir17
{quote} Veefx can you share some of your trading statistics? profitable with the concept?
You should focus on your own trading stats.. please read Graeme's post # 4639 ( http://www.forexfactory.com/showthre...86#post4761786 ) for guidance. You won't gain much insight from someone else's trading stats (unless you analyze each and every trade).
Staying in my lane...
  • #5,876
  • May 19, 2013 1:01am May 19, 2013 1:01am
Quoting VEEFX
{quote} You should focus on your own trading stats.. read Graeme's post # 4639 ( http://www.forexfactory.com/showthre...86#post4761786 ) for guidance. You wont gain much insight from some else's trading stats unless you analyze every trade.
Well, if all of Pipeasys answers would be like this (dont ask questions) then this thread would have no point in existing.
I think even you asked these kind of questions back then, and expected answers. But ok,its no offense.
  • #5,877
  • May 19, 2013 1:10am May 19, 2013 1:10am
Quoting Mjolnir17
{quote} Well, if all of Pipeasys answers would be like this (dont ask questions) then this thread would have no point in existing. I think even you asked these kind of questions back then, and expected answers. But ok,its no offense.
I asked a LOT of questions over the years and there were many who responded and helped me in my journey and that is probably the main reason for my continued participation in this thread.

I tried to help you by directing towards the only post where PipEasy goes through the elements of analyzing our own trading statistics and more importantly, how to use your unrealized profits to forecast your future equity growth potential. If you have any specific questions (but I sincerely doubt you even bothered to read the entire post!), folks here would be glad to help you out.
Staying in my lane...
  • #5,878
  • May 19, 2013 1:20am May 19, 2013 1:20am
Quoting VEEFX
{quote} I asked a LOT of questions over the years and there were many who responded and helped me in my journey and that is probably the main reason for my continued participation in this thread. I tried to help you by directing towards the only post where PipEasy goes through the elements of analyzing our own trading statistics and more importantly, how to use your unrealized profits to forecast your future equity growth potential. If you have any specific questions (but I sincerely doubt you even bothered to read the entire post!), folks here...
ok
  • #5,879
  • May 19, 2013 1:31am May 19, 2013 1:31am
Feel like sharing today...

Here's what I use to instantly tell me the floating/realized/net PnL in pips and $$. I also use it to avoid pairs that I typically lose and stay with pairs that 'love' me. Just change the custom period in the account history tab to start of week/month/year. Certainly not my code but modified it to fit my needs.
Attached File(s)
File Type: mq4 pipsometer_5_decimal (Vee).mq4   5 KB | 605 downloads
Staying in my lane...
  • #5,880
  • May 19, 2013 1:33am May 19, 2013 1:33am
and some more....

Monthly Open Line
Weekly Open Line
Daily/Weekly/Monthly High and lows
Attached File(s)
File Type: mq4 monthly_open_line.mq4   3 KB | 796 downloads
File Type: mq4 weekly_open_line.mq4   3 KB | 806 downloads
File Type: mq4 DWM_high_low.mq4   4 KB | 812 downloads
Staying in my lane...
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