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Genesis Matrix Trading

  • #18,341
  • Oct 7, 2013 3:47am Oct 7, 2013 3:47am
Quoting RainyDay1
{quote} Relating more specifically to blackjack and investing, is the interesting concept of Kelly's Formula (or Kelly's Criterion), which is basically the optimal bet size giving your win-odds, that maximizes your risk-adjusted returns over a period of time. Bet higher, and the volatility of your returns actually lower your overall returns, and bet lower you're not maximizing it. Can google it if you're interested. There's an interesting book called Fortune's Formula (http://www.amazon.com/Fortunes-Formu...ne%27s+formula)...

Kelly's Formulae can be quite aggressive.............there are better money management formulaes out there.

The book I love is Portfolio Management Formulas - Ralph Vince. An oldie but a goodie.

PM1
  • #18,342
  • Oct 7, 2013 4:00am Oct 7, 2013 4:00am
Quoting PipMonster1
{quote} Are you buying that EA RJ.............since you arrived it has gone ballistic...............but I'm not on the ride............. PM1

I'm trying a cheeky CT short on EA at 4454........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,343
  • Oct 7, 2013 4:09am Oct 7, 2013 4:09am
Quoting realjumper
{quote} I'm trying a cheeky CT short on EA at 4454........

SL to +5. All risk removed now http://assets.forexfactory.net/image...im/whew%21.gif
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,344
  • Oct 7, 2013 4:10am Oct 7, 2013 4:10am
Quoting realjumper
{quote} I'm trying a cheeky CT short on EA at 4454........
M1 entry looked good
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,345
  • Oct 7, 2013 4:13am Oct 7, 2013 4:13am
Quoting jjre65
{quote} M1 entry looked good
Yep...once again....it's worth the 10 pip SL risk because I'm already up 20 today, so all I'm really risking is half today's profit.......I'm going to shoot for the DP now, so time will tell, but it's a free trade now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,346
  • Oct 7, 2013 4:16am Oct 7, 2013 4:16am
Quoting realjumper
{quote} Yep...once again....it's worth the 10 pip SL risk because I'm already up 20 today, so all I'm really risking is half today's profit.......I'm going to shoot for the DP now, so time will tell, but it's a free trade now
Nice

Im still waiting for EJ to turn over and resume south
Its not looking promising but the system is saying hang in there for now

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,347
  • Oct 7, 2013 4:22am Oct 7, 2013 4:22am
Quoting realjumper
{quote} Yep, same pairs except for one trade on the kiwi (NU)
Thanks.
What the mind does not know, the eyes cannot see
  • #18,348
  • Oct 7, 2013 4:27am Oct 7, 2013 4:27am
Quoting PipMonster1
{quote} Kelly's Formulae can be quite aggressive.............there are better money management formulaes out there. The book I love is Portfolio Management Formulas - Ralph Vince. An oldie but a goodie. PM1
Yes, and hence the half Kelly is suggested in most cases. I don't personally use it, but I find it useful to understand, especially the perils of not being aggressive in terms of bet size. Mathematically doomed to failure unless you have such a high and 'consistent' win ratio.

I'll check out Portfolio Management Formulas, thanks!
  • #18,349
  • Oct 7, 2013 4:51am Oct 7, 2013 4:51am
RJ

Just wondering if there will be any stats in the up coming report on M1 testing of trades that have gone on to succeed as 5-15 trades?

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,350
  • Oct 7, 2013 4:56am Oct 7, 2013 4:56am
Quoting realjumper
{quote} SL to +5. All risk removed now {image}

SL to +15 now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,351
  • Oct 7, 2013 4:57am Oct 7, 2013 4:57am
Quoting jjre65
RJ Just wondering if there will be any stats in the up coming report on M1 testing of trades that have gone on to succeed as 5-15 trades? Cheers J
No....there won't be, sorry. As you can imagine, searching for, entering and managing m1 trades requires a lot of attention so I didn't keep info on that.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,352
  • Oct 7, 2013 4:58am Oct 7, 2013 4:58am
Quoting realjumper
{quote} No....there won't be, sorry. As you can imagine, searching for, entering and managing m1 trades requires a lot of attention so I didn't keep info on that.
Fair enough too

Thanks J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,353
  • Oct 7, 2013 5:01am Oct 7, 2013 5:01am
Quoting jjre65
{quote} Fair enough too Thanks J


Sl to +20 now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,354
  • Oct 7, 2013 5:05am Oct 7, 2013 5:05am
Quoting realjumper
{quote} Sl to +20 now
Thats an RJ special

Im sure some of us thought "hes mad taking that"
But.............all signals good............robust system at its best

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,355
  • Oct 7, 2013 5:11am Oct 7, 2013 5:11am
Quoting jjre65
{quote} Thats an RJ special Im sure some of us thought "hes mad taking that" But.............all signals good............robust system at its best J
Exactly!! I've lost count of the number of trades I've lost because I think I'm smarter than the system.....lol....and the system slaps me around a bit and shows me who is the boss! I too was thinking that this CT trade was very cheeky, to say the least, but the signals were great, so I just push the buttons and keep the faith. Worst case scenario now is a 1:2 r:r trade....and that ain't bad is it?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,356
  • Oct 7, 2013 5:20am Oct 7, 2013 5:20am
Quoting realjumper
{quote} Exactly!! I've lost count of the number of trades I've lost because I think I'm smarter than the system.....lol....and the system slaps me around a bit and shows me who is the boss! I too was thinking that this CT trade was very cheeky, to say the least, but the signals were great, so I just push the buttons and keep the faith. Worst case scenario now is a 1:2 r:r trade....and that ain't bad is it?
One word

..........................pure...............

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,357
  • Oct 7, 2013 5:42am Oct 7, 2013 5:42am
It's struggling to get to the DP, but I'll just leave it alone and see what happens. If it kicks me out for 20, that's ok. If it can get to the DP then it's going to be almost 1:5 r:r......so I'll leave it be and it can do what it wants
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,358
  • Oct 7, 2013 5:54am Oct 7, 2013 5:54am
Quoting realjumper
It's struggling to get to the DP, but I'll just leave it alone and see what happens. If it kicks me out for 20, that's ok. If it can get to the DP then it's going to be almost 1:5 r:r......so I'll leave it be and it can do what it wants
I hope a chart of this trade makes it into the M1 PDF
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,359
  • Oct 7, 2013 5:55am Oct 7, 2013 5:55am
Quoting realjumper
It's struggling to get to the DP, but I'll just leave it alone and see what happens. If it kicks me out for 20, that's ok. If it can get to the DP then it's going to be almost 1:5 r:r......so I'll leave it be and it can do what it wants
I pushed the SL to +30 now seeing as the PA dropped a bit more.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,360
  • Oct 7, 2013 5:58am Oct 7, 2013 5:58am
Quoting jjre65
{quote} I hope a chart of this trade makes it into the M1 PDF
It's just a basic Genesis M1 trade, and I'm trailing the SL as I usually do...either it gets to the target or it stops me in profit....
Doing what you like is Freedom. Liking what you do is Happiness.
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