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Genesis Matrix Trading

  • #20,041
  • Dec 6, 2013 5:16am Dec 6, 2013 5:16am
Hi all,

G M/E

Seems all locked....... I hate nfp days......

Already time for w/e?
  • #20,042
  • Dec 6, 2013 5:39am Dec 6, 2013 5:39am
Good Morning G-Family,
i hope you enjoyed a nice session

Attached Image
  • #20,043
  • Dec 6, 2013 5:42am Dec 6, 2013 5:42am
One more coffee before sleep?......oh alright then!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,044
  • Dec 6, 2013 5:55am Dec 6, 2013 5:55am
Stocks aligned pointing south and price going north

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  • #20,045
  • Dec 6, 2013 5:59am Dec 6, 2013 5:59am
Quoting Fame of me
Good Morning G-Family, i hope you enjoyed a nice session {image}
Pretty much morning for me also [yet, I doubt anybody else can call 3 pm morning... anyway]
http://s3.amazonaws.com/somewherein/...fee_prints.jpg
Though, I can hardly call today's market 'nice' [only choppy so far]
The single most important factor is having control of your own life.
  • #20,046
  • Dec 6, 2013 6:00am Dec 6, 2013 6:00am
Quoting jimi
Stocks aligned pointing south and price going north {image}
I wouldn't be contemplating an entry until NFP is done......the markets will be very jumpy until that event is settled
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,047
  • Dec 6, 2013 6:02am Dec 6, 2013 6:02am
Quoting realjumper
{quote} I wouldn't be contemplating an entry until NFP is done......the markets will be very jumpy until that event is settled

  • #20,048
  • Edited 7:01am Dec 6, 2013 6:08am | Edited 7:01am
Quoting jimi
Stocks aligned pointing south and price going north {image}
Thats because H1 & H4 stochs are going North !!

And My H1 & M30 MAs are crossed up strongly !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #20,049
  • Dec 6, 2013 6:12am Dec 6, 2013 6:12am
So I wanted to put this up in case anybody finds it useful~

Basically it's a mod of Jinchu's 'do-able-auto' spreadsheet from page 1. I based the model off of the risk formula from the 5-15 manual, and added input fields for risk percentage, average stoploss, and pip value. This lets you try out more conservative estimates....but damn if I wasn't sad that I won't be a multi-millionaire by next Christmas as the original promised

It's set up in a split screen with the model on the left and a blank worksheet on the right. So what you would do, is input your starting balance on the model and set risk, SL, and daily pip target to your liking. It then populates a years work of accurately hitting your pip target every day.

Then, you can keep track of your actual progress on the blank log. Each line is 1 week worth of Genesis trading, where you enter your lot size (using the model on the left as a guide) and pip counts, so when you finish up Friday you can see how everything played out. There's also a column for withdrawals if you regularly take funds out.


I tried to make it auto populate as much as possible, so only the colored fields need manual input. Anyway, if anybody wants to look it over, please let me know if there are any bugs or big issues. Hope it helps!
Attached File(s)
File Type: xlsx do-able-auto(with worksheet).xlsx   26 KB | 633 downloads
  • #20,050
  • Dec 6, 2013 6:47am Dec 6, 2013 6:47am
Quoting Lancaster
So I wanted to put this up in case anybody finds it useful~ Basically it's a mod of Jinchu's 'do-able-auto' spreadsheet from page 1. I based the model off of the risk formula from the 5-15 manual, and added input fields for risk percentage, average stoploss, and pip value. This lets you try out more conservative estimates....but damn if I wasn't sad that I won't be a multi-millionaire by next Christmas as the original promised It's set up in a split screen with the model on the left and a blank worksheet on the right. So what you would do, is...
Thanks Lancaster, this look great!
  • #20,051
  • Dec 6, 2013 8:32am Dec 6, 2013 8:32am
Quoting Lancaster
So I wanted to put this up in case anybody finds it useful~ Basically it's a mod of Jinchu's 'do-able-auto' spreadsheet from page 1. I based the model off of the risk formula from the 5-15 manual, and added input fields for risk percentage, average stoploss, and pip value.
Sorry to play the damp sqib, but I find things like this quite destructive, from a psychological perspective.

Putting in your mind how much money you may have by the end of next week/month, "if" you make certain number of pip per day.

Make your pips, check your balance after you have made all those profitable trades, but to project what it might be....
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #20,052
  • Dec 6, 2013 9:07am Dec 6, 2013 9:07am
Quoting Martyfish
{quote} Sorry to play the damp sqib, but I find things like this quite destructive, from a psychological perspective. Putting in your mind how much money you may have by the end of next week/month, "if" you make certain number of pip per day. Make your pips, check your balance after you have made all those profitable trades, but to project what it might be....
Hey Marty, I completely get what you're saying and agree that "what if" spreadsheets can give you a 'pie in the sky' disposition to trading that is negative. But for my purposes at least, in this particular document, the focus isn't to give an unrealistic goal as much as it's to help me combat my biggest enemy in currency trading, which is over-trading. People struggle with different hurdles when they trade and my personal downfall in the past has been giving earned pips back to the bank because I over-traded or didn't take profit when it was offered to me.

I use this spreadsheet for two main purposes, 1. quickly calculating my lots based on my account (with realistic, conservative estimates that are achievable) and 2. keeping myself on track with an attainable profit target so when it's achieved, I don't get greedy and ultimately give it all back.

But again, I do fully agree with your post. In actuality it's probably the #1 reason why I modified the original document in the first place
  • #20,053
  • Edited 11:35am Dec 6, 2013 10:10am | Edited 11:35am
Quoting Martyfish
{quote} Sorry to play the damp sqib, but I find things like this quite destructive, from a psychological perspective. Putting in your mind how much money you may have by the end of next week/month, "if" you make certain number of pip per day. Make your pips, check your balance after you have made all those profitable trades, but to project what it might be....
Well, that's a one-sided perspective... what about visualization then?

That depends on the amount of psychological issues you bear within your mind. If you get rid of them [mostly], whatever spreadsheet you see - doesn't really matter. However, if you won't [get rid of them] - you're in trouble anyway - with that spreadsheet or without...

EDIT: my solution is - studying psychology - not only it's good for any trader [for a good trader, though, it's an absolute must] - every human being will benefit from that.
The single most important factor is having control of your own life.
  • #20,054
  • Dec 6, 2013 12:29pm Dec 6, 2013 12:29pm
Quoting Mikkk01
{quote} Well, that's a one-sided perspective... what about visualization then?
All I need to visualise is my entry signals, and trade management.

If I focus solely on those two issues, the money looks after itself.

I dont look at money during the trade, and now rarely look at my account balance, because if my trade journal tells me I am meeting my pip target, all is well with the world.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #20,055
  • Dec 6, 2013 12:41pm Dec 6, 2013 12:41pm
Dont know if this is too off topic but rj addressed lot sizing in his earlier posts on the 5 & 1 min method he mentioned a standard increasing lot size based on account balance (ie $1,000 - .10 lots)

are u all using that or more of a percent of account risk based on each positions s/l
  • #20,056
  • Dec 6, 2013 1:25pm Dec 6, 2013 1:25pm
Quoting spyderman
Dont know if this is too off topic but rj addressed lot sizing in his earlier posts on the 5 & 1 min method he mentioned a standard increasing lot size based on account balance (ie $1,000 - .10 lots) are u all using that or more of a percent of account risk based on each positions s/l
i guess it depend on the personal tradingstyle.

I risk no more then 2% of my account, which is calculate with my set SL. When i remember right, you also use this indicator, maybe i am wrong.

Also there is an EA with them you can open a trade which calculate the lotsize on the %risk which you want and the sl.
  • #20,057
  • Dec 6, 2013 1:33pm Dec 6, 2013 1:33pm
Quoting Fame of me
{quote} i guess it depend on the personal tradingstyle. I risk no more then 2% of my account, which is calculate with my set SL. When i remember right, you also use this indicator, maybe i am wrong. Also there is an EA with them you can open a trade which calculate the lotsize on the %risk which you want and the sl.

Yeah FOM I do have a couple of indicators for lot sizing.
  • #20,058
  • Edited 1:57pm Dec 6, 2013 1:47pm | Edited 1:57pm
Quoting Martyfish
{quote} All I need to visualise is my entry signals, and trade management. If I focus solely on those two issues, the money looks after itself.
Have no doubt it works for you...
Although, the only thing it means is that you managed to get over some of those *issues*. That's great! My point is that not everyone have already done that! As even in this thread [let alone our crazy forum] I've seen enough examples of confession that some 'emotional-nervous' stuff is getting in the way. And I don't really think that's because people don't wanna focus on their entry and management dispassionately [they do] - that's cause they can't. And if these people are advised to dump that 'tricky psychological crap' - they'll get the result pretty soon... and it won't be a heap of dough.
Quoting Martyfish
{quote} I don't look at money during the trade, and now rarely look at my account balance, because if my trade journal tells me I am meeting my pip target, all is well with the world.
Same for me... but that's cause I almost precisely know what I'll see
Anyway, even if someone does watches the money, man, it shouldn't bother you! - if it does... well, I've said already.
The single most important factor is having control of your own life.
  • #20,059
  • Edited Dec 7, 2013 6:29am Dec 6, 2013 1:54pm | Edited Dec 7, 2013 6:29am
Quoting spyderman
Dont know if this is too off topic but rj addressed lot sizing in his earlier posts on the 5 & 1 min method he mentioned a standard increasing lot size based on account balance (ie $1,000 - .10 lots) are u all using that or more of a percent of account risk based on each positions s/l
I use an EA which is calculating lot size, has buy and sell buttons with it, setting SL, Pr, TS, BE, Pending and some other stuff - most of functions I don't use.

EDIT: forgot what the question actually was - I risk 3-5% - so, yep, something near that!

EDIT 2: the risk doesn't depend on how big SL is proportionally - its [%] is not rigid because of some other variables I take into consideration

EDIT 3: some got interested in my EA so here it is
Attached File(s)
File Type: rar Instant DDSMM.rar   753 KB | 784 downloads
The single most important factor is having control of your own life.
  • #20,060
  • Dec 6, 2013 2:35pm Dec 6, 2013 2:35pm
Quoting spyderman
Dont know if this is too off topic but rj addressed lot sizing in his earlier posts on the 5 & 1 min method he mentioned a standard increasing lot size based on account balance (ie $1,000 - .10 lots) are u all using that or more of a percent of account risk based on each positions s/l
Myself, I use a script ("Easy Order") that calculates my lot size based on my SL. It means I'm always risking the same % per trade, no matter whether the SL is cheap or expensive.

Even though the risk is always the same, cheap or expensive SLs are still a factor though, as the more expensive the SL, potentially the harder it is to get a good risk / reward.

The script has the option to set a TP as well at time of entry, but I modified it so it doesn't for me, as I often observe how the trade starts off and then determine the best TP (or just let it run with a jumping stop EA taking care of things).
1 pip at a time ... if the entries are strong, the rest will follow ...
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