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Genesis Matrix Trading

  • #18,921
  • Oct 25, 2013 8:17pm Oct 25, 2013 8:17pm
Quoting PipMonster1
{quote} Imagine if you started with $2000................. If you started with $2000 and averaged 80% hit rate with 2% risk (so you didn't achieve the 20 pips EVERY day) at 20 pips/d but on those loss days had a 10 pip loss you would have $500787 and the end of 200 trading days!! Are you kidding me??? Imagine....$3000 with the above scenario..........$751000 In ONE year all financial problems are over - well they would be for me!! Genesis has given us the ability to make this come TRUE...............regardless of what TF we trade...........................
Exactly right PM1. Those figures (of mine) don't allow for losses, days of less than the goal, public holidays etc etc, but as we said, they also don't allow for the days of 50 pips, 75 pips etc etc that do come to us. So I feel that the average would still end up in the same ballpark as the spreadsheep (grr.....spreadSHEET.....).

This is possible and it's do-able ... it just takes a little patience and discipline...the tortoise and the hare!!

As you say, the TF traded is secondary to the (very achievable) daily goal....doesn't matter how you get your goal...just GET IT!!!....lol
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,922
  • Oct 25, 2013 9:56pm Oct 25, 2013 9:56pm
Quoting Cold_W
SL hit, so it's +15 for me.
Hi Cold well done
I got knocked out at BE+1. I was 15 pips late into the trade as I was looking at something else while waiting for the signal............the downfall of watching more than 1 or 2 pairs!
Pity cause the trade went on down a fair way..........never mind.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,923
  • Oct 25, 2013 10:12pm Oct 25, 2013 10:12pm
Quoting PipMonster1
{quote} Imagine if you started with $2000................. If you started with $2000 and averaged 80% hit rate with 2% risk (so you didn't achieve the 20 pips EVERY day) at 20 pips/d but on those loss days had a 10 pip loss you would have $500787 at the end of 200 trading days!! Are you kidding me??? Imagine....$3000 with the above scenario..........$751000 In ONE year all financial problems are over - well they would be for me!! Genesis has given us the ability to make this come TRUE...............regardless of what TF we trade...........................
Hi PM1

This is where your spreadsheet has been an invaluable tool for me.
Knowing what your daily risk and trade size should be is a difficult but vital part of a good trading style/plan, and your xls makes it very easy........so thanks again.

BTW I took your advice re risk size on board and Im trading only 1% risk until I make back 20% of the losses I incurred in that awful week.
Ill review it again when Ive achieved that milestone and change it up appropriately.

I had a good week that would have been +40 pips better if my last 2 trades on Friday hadnt got stopped at BE+1
In hindsight, considering the markets are still a bit tricky and it was Friday trading, TPs when PA stalled would have been wise.......but thats trading.

Cheers
J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,924
  • Oct 25, 2013 11:26pm Oct 25, 2013 11:26pm
Quoting jjre65
{quote} Hi PM1 This is where your spreadsheet has been an invaluable tool for me. Knowing what your daily risk and trade size should be is a difficult but vital part of a good trading style/plan, and your xls makes it very easy........so thanks again. BTW I took your advice re risk size on board and Im trading only 1% risk until I make back 20% of the losses I incurred in that awful week. Ill review it again when Ive achieved that milestone and change it up appropriately. I had a good week that would have been +40 pips better if my last 2 trades...
I'm glad it's of some use jjre65. I have played with it quite a lot but I do need to place an upper limit of position size i.e. it's not realistic trading a size of say 150 as I'm sure you'll be a hunted trader by the market maker even if you don't have a physical stop in the market. They would trade against you just so that it hurts and then price will rebound - shouldn't happen but I have seen it. I use to trade futures on the EU and AU but I was missing all the good trades on other pairs that you were all having fun with - (read - feeling left out), and witnessed the EU trade 10 pips down, over a 5-7 second period, on FX platform where the futures market (GLOBEX) didn't even move!! So maybe if we have an agreed max size of say 50??? I don't know what is realistic but whatever we come up with and change the spreadsheet (yes, spreadsheet ) to reflect this might be MORE realistic.

PM1

Arrgghhh - what's happened to my font???
  • #18,925
  • Oct 26, 2013 2:21am Oct 26, 2013 2:21am
Quoting PipMonster1
{quote} I'm glad it's of some use jjre65. I have played with it quite a lot but I do need to place an upper limit of position size i.e. it's not realistic trading a size of say 150 as I'm sure you'll be a hunted trader by the market maker even if you don't have a physical stop in the market. They would trade against you just so that it hurts and then price will rebound - shouldn't happen but I have seen it. I use to trade futures on the EU and AU but I was missing all the good trades on other pairs that you were all having fun with - (read - feeling...
Hi

Would you mind expanding on this a bit PM1?

By "market maker" do you mean the broker (STP/ECN brokers are NDD arent they?) or the institutional/proprietary traders? (excuse my naivety) ....and how do they hunt you down?

Also doesnt your 3K to 750K calculation in a year require lot sizes well beyond 50 as you get into the last 1/4 of the year?

Im a bit confused. Ive punched in some numbers on your xls template to try to match criteria:

  1. 3k capital
  2. 2% risk
  3. 80% win rate

etc etc but I cant make it work without getting above 50 lots.................maybe a copy of the xls w your figures would illuminate.

hope youre having a good weekend

Cheers J

Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,926
  • Oct 26, 2013 3:00am Oct 26, 2013 3:00am
Quoting jjre65
{quote} Hi Would you mind expanding on this a bit PM1? By \"market maker\" do you mean the broker (STP/ECN brokers are NDD arent they?) or the institutional/proprietary traders? (excuse my naivety) ....and how do they hunt you down? Also doesnt your 3K to 750K calculation in a year require lot sizes well beyond 50 as you get into the last 1/4 of the year? Im a bit confused. Ive punched in some numbers on your xls template to try to match criteria: 3k capital 2% risk 80% win rateetc etc but I cant make it work without getting above 50 lots.................maybe...
Yes, brokers.......I wouldn't have believed it unless I saw it with my own eyes when the EU traded down. Some brokers are setup that you trade against their hedge book and if they move the market for a split second and spike up/down to take out stops what can you do? Sometimes there are different candles from different brokers and this can be why. You cannot check trades against a "course of trades" as you can with futures as FX is somewhat unregulated - well let's say less regulated that futures.

Yes, 50 lot size is required to get the large returns that's why I'm suggesting to limit the amount of lots. Maybe 30 is realistic just awaiting feedback from the thread to what is reasonable.

PM1
  • #18,927
  • Edited 3:41am Oct 26, 2013 3:29am | Edited 3:41am
Quoting PipMonster1
{quote} Yes, brokers.......I wouldn't have believed it unless I saw it with my own eyes when the EU traded down. Some brokers are setup that you trade against their hedge book and if they move the market for a split second and spike up/down to take out stops what can you do? Sometimes there are different candles from different brokers and this can be why. You cannot check trades against a \"course of trades\" as you can with futures as FX is somewhat unregulated - well let's say less regulated that futures. Yes, 50 lot size is required to get the...
Explains why when Ive got the microscope out on other traders posted charts their candles and mine dont macth up sometimes.............by more than just a pip or two.

Thanks PM1

J

EDIT: FX is unregulated in regards to price setting w no central exchange, to my knowledge, so I guess all brokers are 'market makers' be they ECN/STP or not and they can do what they want.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,928
  • Oct 26, 2013 7:46am Oct 26, 2013 7:46am
Quoting realjumper
{quote} There will be, I am certain of this, people who are going to be saying 'yeah, yeah, yeah RJ...that's all fine and dandy, but it's theory only.....show me the money.' Those people are correct.....I have not been trading in the above fashion and I don't have a 6 figure bank account so far this year. Why not? Because a) I haven't followed this method of lot size compounding, and b) because I have to live and pay my expenses!
RJ, I hope I do not sound impertinent by saying that tools like FX Synergy could help do both at the same time, i.e. earn your regular salary on one account and compound on another. The accounts are managed within one interface, with customizable lot size/risk and trade copy option etc. Thus, taking a trade in one account opens the same trade in another, but each with individual parameters. With your level of consistency, even the sky isn't the limit!

I haven't done it yet as I'm only just starting to believe I can be consistent, but I see it as the way to go for the future.
mind over matter
  • #18,929
  • Oct 26, 2013 3:33pm Oct 26, 2013 3:33pm
Quoting kosmo
{quote} RJ, I hope I do not sound impertinent by saying that tools like FX Synergy could help do both at the same time, i.e. earn your regular salary on one account and compound on another. The accounts are managed within one interface, with customizable lot size/risk and trade copy option etc. Thus, taking a trade in one account opens the same trade in another, but each with individual parameters. With your level of consistency, even the sky isn't the limit! I haven't done it yet as I'm only just starting to believe I can be consistent, but...
Hey that's an interesting tool there kosmo. Thanks for that.

PM1
  • #18,930
  • Oct 26, 2013 6:08pm Oct 26, 2013 6:08pm
Quoting kosmo
{quote} RJ, I hope I do not sound impertinent by saying that tools like FX Synergy could help do both at the same time, i.e. earn your regular salary on one account and compound on another. The accounts are managed within one interface, with customizable lot size/risk and trade copy option etc. Thus, taking a trade in one account opens the same trade in another, but each with individual parameters. With your level of consistency, even the sky isn't the limit! I haven't done it yet as I'm only just starting to believe I can be consistent, but...
We're on the same page there Jo....that exactly what my intention is

There are quite a few options available for 'linking accounts' and I know that my past broker could do it so I'm sure that the facility is available for most, if not all MT4 brokers. I haven't delved too deep into it yet, but that is exactly what my plan is
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,931
  • Oct 26, 2013 6:37pm Oct 26, 2013 6:37pm
I have added the functionality of a MAX TRADE SIZE/ MAX LOT SIZE input into the spreadsheet. So what happens if I want to limit my trade size to 20 lots or 15 lots.....now just change the value at Q11 and you can see what happens to the end of year projections. There is also a quick view of the balance at 50,100,150 and 200 trade days. So we can all stop scrolling down to see what the end of year total is.

Attached File(s)
File Type: xls Trade Size Calculator with max trade volume input.xls   55 KB | 821 downloads


Enjoy.

PM1
  • #18,932
  • Oct 26, 2013 10:23pm Oct 26, 2013 10:23pm
Quoting PipMonster1
I have added the functionality of a MAX TRADE SIZE/ MAX LOT SIZE input into the spreadsheet. So what happens if I want to limit my trade size to 20 lots or 15 lots.....now just change the value at Q11 and you can see what happens to the end of year projections. There is also a quick view of the balance at 50,100,150 and 200 trade days. So we can all stop scrolling down to see what the end of year total is. {file} Enjoy. PM1
Nice work PM1

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,933
  • Oct 26, 2013 10:47pm Oct 26, 2013 10:47pm
Quoting kosmo
{quote} RJ, I hope I do not sound impertinent by saying that tools like FX Synergy could help do both at the same time, i.e. earn your regular salary on one account and compound on another. The accounts are managed within one interface, with customizable lot size/risk and trade copy option etc. Thus, taking a trade in one account opens the same trade in another, but each with individual parameters. With your level of consistency, even the sky isn't the limit! I haven't done it yet as I'm only just starting to believe I can be consistent, but...
Hi kosmo

Just had a quick tour of fxsynergy......looks very interesting and comprehensive.
Thanks for the lead.

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,934
  • Oct 27, 2013 2:21am Oct 27, 2013 2:21am
Hi to all

A thought re M1 trading and debunking the myths that surround it......even though Im an M5 trader. We can trade the system on any TF, as has been proved and documented. The difference is in personal preference and trading style.

I often open up my Marcel Link book to a random page and read a bit, for relaxation/revision, and he makes a relevant observation that if you looked at an M1 chart and a Daily chart, and the TF wasn't on the chart, you wouldn't be able to tell them apart.

The only obvious difference is that, of course, M1 moves at a much faster pace, but it makes the same moves.

One of the things I really like about the system we trade and the lower TFs is that the draw down is very small. 10, 15, 25 pip stop losses for 10, 15, 25, 50, 70+ pip gains. This means we can make much better progress and be more in control of our trades, and what is happening to our money. The thought of taking trades where you set a 150 - 300 pip stop loss on H4/D1 TF seems absurd compared to how we at Genesis Matrix trade.

Surely there is as much noise on M1 as D1 or Monthly, which is really no noise at all.............the noise is in the candles, hence the reason we use HA candles (or in my case no candles).

Just a Sunday evening ponder before the trading week begins.

J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,935
  • Oct 27, 2013 5:32am Oct 27, 2013 5:32am
Just a reminder that those pesky Europeans have finished daylight savings - pesky in the sense that that means for us Kiwis, LO isn't until 9pm now.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #18,936
  • Oct 27, 2013 3:18pm Oct 27, 2013 3:18pm
Quoting antantnz
Just a reminder that those pesky Europeans have finished daylight savings - pesky in the sense that that means for us Kiwis, LO isn't until 9pm now.
Correct me if I'm wrong but the end of this week the US DST ends as well.........so for you guys in the land of the long white cloud - no NY open...........but you will get L Close and NY Close??

PM1
  • #18,937
  • Oct 27, 2013 3:59pm Oct 27, 2013 3:59pm
Quoting PipMonster1
I have added the functionality of a MAX TRADE SIZE/ MAX LOT SIZE input into the spreadsheet. So what happens if I want to limit my trade size to 20 lots or 15 lots.....now just change the value at Q11 and you can see what happens to the end of year projections. There is also a quick view of the balance at 50,100,150 and 200 trade days. So we can all stop scrolling down to see what the end of year total is. {file} Enjoy. PM1
Thanks for your work
  • #18,938
  • Oct 27, 2013 5:32pm Oct 27, 2013 5:32pm
Quoting jjre65
Hi to all A thought re M1 trading and debunking the myths that surround it......even though Im an M5 trader. We can trade the system on any TF, as has been proved and documented. The difference is in personal preference and trading style. I often open up my Marcel Link book to a random page and read a bit, for relaxation/revision, and he makes a relevant observation that if you looked at an M1 chart and a Daily chart, and the TF wasn't on the chart, you wouldn't be able to tell them apart. The only obvious difference is that, of course, M1 moves...

Good post J.....I can't argue with any of those points
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,939
  • Oct 27, 2013 5:35pm Oct 27, 2013 5:35pm
Quoting antantnz
Just a reminder that those pesky Europeans have finished daylight savings - pesky in the sense that that means for us Kiwis, LO isn't until 9pm now.
Yep......you now have to concentrate more to gain your target pips because you'll have less time.

And as PM1 says, once USA daylight saving kicks in, NY is pretty well out of reach for us Kiwi's.......except FOMC which will be at 8am
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,940
  • Oct 28, 2013 2:19am Oct 28, 2013 2:19am
GM Guys, hope everyone had a great weekend.

Just to note, the UK has had strong storms overnight, and there is widespread disruption to transport links to London.

So LO may be quiet, as people have not been able to get to work
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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