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  • #81
  • Jul 20, 2014 7:50pm Jul 20, 2014 7:50pm
Quoting spyderman
{quote} Pierre, the 3.4 pip s/l was if you were using the 2000:1 leverage. At 200:1 your stop would be 34 actual pips to hit the 50% dd
Ok got it thanks
  • #82
  • Jul 21, 2014 12:54am Jul 21, 2014 12:54am
last friday Long trade but SL triggered and loss

Lets see today


@ Jysticim

last friday was buy day or sell day??
The candle color is green for me.
  • #83
  • Jul 21, 2014 1:07am Jul 21, 2014 1:07am
@ umpats

Last friday I sold, attached screenshot. It does not matter what candle you take it is all about that you take that candle everytime.
My SL got also triggererd.

Sell Day 24(opened before the weekend):
Open 1.35220
Close 1.35357 Gain: -137 // 13.7 Pips
-137 Pips x (0.00001/1.35357)x(475$ x 200) = -96$ +475$ = 379$

Soon I will post the results of this year January.
Attached Image (click to enlarge)
Click to Enlarge Name: swaggy9.png Size: 64 KB
  • #84
  • Jul 21, 2014 1:31am Jul 21, 2014 1:31am
Quoting Jysticim
@ fugly Yes you are right about that. If you just have a basic account and broker doesn't allow a trade below 1000 units unfortunately you have to switch brokers. Some reputable brokers that allow trades below 1000 units: - XM - MahiFX - Oanda - IBFX I did a 5 months back test (now I am testing the whole year) with the result of 2 times in a row a hit of the 34 set in stone SL, that's a total DD of 75% stated in post #9 Plus I wouldn't start with more then 100$ as you know the big DD.
what are you using to back test? are you paper testing?

i had a similar idea to this, but i didnt test it out as i thought it was silly. you might have some merit. the only problem i can really see with this system is that you could be stuck in perpetually making some money then losing then making then losing, etc, etc. with a 50% DD risk PER TRADE you could theoretically never blow your account.... although i dont think many brokers will allow you to trade with just a dollar and then let you continue if you keep halving your account into the pennies , this is interesting though, keep at it. i may decide to do some backtesting of my own.....
  • #85
  • Jul 21, 2014 1:40am Jul 21, 2014 1:40am
thanks Jysticim

i am confused, we need to enter after 2 candle.

for example, now here london open at 3 pm so i need to enter at 6 pm (after ending 5 pm candle)??
  • #86
  • Jul 21, 2014 1:51am Jul 21, 2014 1:51am
@ umpats

It doesn't matter what candle you trade, trade that candle everytime. Only don't trade the break out you choose the 2e candle friday. Stick to that candle.
  • #87
  • Jul 21, 2014 2:47am Jul 21, 2014 2:47am
@ TerryTibbs

I am paper testing because I don't trust EA backtesting. We won't get stuck because we use market analysing the account ballance always moves. You are right about that theoretically you can never blow your account.

The results January 2014:
From 1-1-2014 till 2-1-2014
Leverage 1:200
Start with 100$
SL 34 pips or yhigh/ylow
No TP

Total gain: 285 Pips/points
Ending 48$
Growth: -52%
Biggest DD: 98%
Biggest Growth: 533%
10 losses in a row
3 wins in a row

Conlcusion:
We can survive really big DD's.
We need to use the TP rule.
Maybe we need other leverage.

Results with TP rule will be posted soon.
Attached Image (click to enlarge)
Click to Enlarge Name: swaggy10.png Size: 16 KB
Attached File(s)
File Type: docx January.docx   18 KB | 379 downloads
  • #88
  • Jul 21, 2014 3:10am Jul 21, 2014 3:10am
Quoting Jysticim
@ TerryTibbs I am paper testing because I don't trust EA backtesting. We won't get stuck because we use market analysing the account ballance always moves. You are right about that theoretically you can never blow your account. The results January 2014: From 1-1-2014 till 2-1-2014 Leverage 1:200 Start with 100$ SL 34 pips or yhigh/ylow No TP Total gain: 285 Pips/points Ending 48$ Growth: -52% Biggest DD: 98% Biggest Growth: 533% 10 losses in a row 3 wins in a row Conlcusion: We can survive really big DD's. We need to use the TP rule. Maybe we need...
have you tried the MT4i trading simulator for MT4? it uses the strategy tester like you would back test an EA but this is different. it lest you manually enter trades, you can use any indicator you like, edit charts just like normal and put orders in like normal. it records all your trades like they were same as demo or live account and you can get a report afterwards including a graph.

they have changed their name to FXblue or something and in my opinion their older version of their app was better, i dont really like their new one. check it out if you want, you will get more accurate results and better stat recording. also, if you want the old MT4i trading simulator let me know, i'll try dig out the .zip file if i can find it.
  • #89
  • Jul 21, 2014 3:31am Jul 21, 2014 3:31am
@ TerryTibbs

Pass me the .zip if possible, thanks in advance.
  • #90
  • Jul 21, 2014 3:43am Jul 21, 2014 3:43am
Quoting Jysticim
@ TerryTibbs Pass me the .zip if possible, thanks in advance.
theres a nice PDF with instructions.
Attached File(s)
File Type: zip MT4iTradingSimulatorSetup.zip   748 KB | 506 downloads
  • #91
  • Jul 21, 2014 3:48am Jul 21, 2014 3:48am
Quoting Jysticim
The Coin-Flip Theory Hello everybody, I would like to tell you something about this strategy http://www.forexfactory.com/showthread.php?t=494447 (more a system, because there is no MM included etc.) I am a student 19 years old, I study economics. I traded demo since my 16th and real when I was 18 years old. I saw alot strategy's and systems, made my own out of others and after alot tweaking it was finally done. It made and still does make a steady x% monthly. Everyday I had to do the same thing preparation mental, read somewhat about...
What is the lot size that you used on the first trade with when you had 100 $ on account, and how do you determine the max lot for each trade you have your own calculator, or just you divide the amount you have in your account with the Sl, to determine the size of the lot accordingly.

Regards,

I would like to test this strategy live
  • #92
  • Jul 21, 2014 4:03am Jul 21, 2014 4:03am
@ TerryTibbs

Thank you very much

@ TheDivine

You need a lot calculator, excel sheet, I would first demo it if I was you.
  • #93
  • Jul 21, 2014 5:04am Jul 21, 2014 5:04am
Sell Day 25:
Open 1.35241
Close xxxxxxx

We use TP, so 189.5$ each trade. We open 2 trades 50% each.

Trade #1 SL 1.35459 TP 1.34901
Trade #2 SL 1.35459 no TP
  • #94
  • Jul 21, 2014 8:09am Jul 21, 2014 8:09am
Hello,

How do you determine TP and SL?
If I correctly understand, TP is the friday's low, but SL is unclear.
Also, why don't use the ADR for placing TPs?

Quoting Jysticim
Sell Day 25: Open 1.35241 Close xxxxxxx We use TP, so 189.5$ each trade. We open 2 trades 50% each. Trade #1 SL 1.35459 TP 1.34901 Trade #2 SL 1.35459 no TP
  • #95
  • Jul 21, 2014 8:28am Jul 21, 2014 8:28am
Quoting Jysticim
Sell Day 25: Open 1.35241 Close xxxxxxx We use TP, so 189.5$ each trade. We open 2 trades 50% each. Trade #1 SL 1.35459 TP 1.34901 Trade #2 SL 1.35459 no TP
TP for trade 1 should be 1.35119? 34 pips? (or 340 pipettes)
  • #96
  • Jul 21, 2014 8:50am Jul 21, 2014 8:50am
Quoting cspip
{quote} TP for trade 1 should be 1.35119? 34 pips? (or 340 pipettes)
yes 34 pips for 4 digits or 340 pipettes for 5 digits
  • #97
  • Jul 21, 2014 8:55am Jul 21, 2014 8:55am
Quoting cspip
{quote} TP for trade 1 should be 1.35119? 34 pips? (or 340 pipettes)
I guess 34 pips is for stop loss not profit.

Bomi
  • #98
  • Jul 21, 2014 9:42am Jul 21, 2014 9:42am
Quoting Bomi
{quote} I guess 34 pips is for stop loss not profit. Bomi
Yes, my mistake..........it is 34 pips
  • #99
  • Jul 21, 2014 10:54am Jul 21, 2014 10:54am
Sorry for all the fuss I explain everything in a screenshot

Sell Day 25:
Open 1.35241
Close xxxxxxx

We use TP, so 189.5$ each trade. We open 2 trades 50% each.

Trade #1 SL 1.35459 TP 1.34901
Trade #2 SL 1.35459 no TP

SL is yesterdays high 1.35459, 21.8 Pips
TP Trade #1 is 34 pips
TP Trade #2 nothing

I also checked if the TP could increase the profits of January but that's not possible. In January we have alot of turn points arround 30 Pips in.
Attached Image (click to enlarge)
Click to Enlarge Name: swaggy11.png Size: 65 KB
  • #100
  • Jul 21, 2014 11:58am Jul 21, 2014 11:58am
Hi Jysticim,

Can you post the indicators you`re using on your charts.

- pivot indicator
- news indicator

Thanks for your thread

Ronichimo
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