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  • #101
  • Jul 21, 2014 12:03pm Jul 21, 2014 12:03pm
Quoting ronichimo
Hi Jysticim, Can you post the indicators you`re using on your charts. - pivot indicator - news indicator Thanks for your thread Ronichimo
They are from the Sonic R system: http://www.forexfactory.com/showthread.php?t=114792
  • #102
  • Jul 21, 2014 12:04pm Jul 21, 2014 12:04pm
Quote
I am paper testing because I don't trust EA backtesting

You can bascktest 99% quality... for this type of strategy (relative "big" moves) it's pretty reliable
http://www.forextester.com/data/datasources.html

I never udes this tool but already heard good things about it...
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #103
  • Jul 21, 2014 12:14pm Jul 21, 2014 12:14pm
Quote
...and not a set in stone SL incase the broker stop hunts (what I think they don't do but you never know).

one comment: the broker is never going to hunt "YOUR" Stop Loss... they only "hunt" where there are several orders... for example, round numbers... if your stop is there, yeah they could get you... just avoid this points...

A nice book about this subject is "beat the forex dealer..."
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #104
  • Jul 21, 2014 3:40pm Jul 21, 2014 3:40pm
@ room217

Thank you for you comment I appreciatie it.

I would like to inform everybody that I will be not posting/trading next few days/week because I am on holiday. At the moment still backtesting March this year, results are good.

Green pipping to everyone
  • #105
  • Jul 21, 2014 6:34pm Jul 21, 2014 6:34pm
For those that have been testing this out, have you been including the spread into the 3.4 pip stoploss or have you just added it on top?

Cheers
-RPM
  • #106
  • Jul 22, 2014 12:20am Jul 22, 2014 12:20am
Quoting Rpm
For those that have been testing this out, have you been including the spread into the 3.4 pip stoploss or have you just added it on top? Cheers -RPM
i think this has been discussed already. its not 3.4pips but 34pips if using 1:200 leverage. the 3.4pips was if you are using 1:2000 leverage. i think thats not very sensible as spread/normal volatility will hit this almost 100% of the time.
  • #107
  • Jul 22, 2014 4:55am Jul 22, 2014 4:55am
Quoting TerryTibbs
{quote} i think this has been discussed already. its not 3.4pips but 34pips if using 1:200 leverage. the 3.4pips was if you are using 1:2000 leverage. i think thats not very sensible as spread/normal volatility will hit this almost 100% of the time.
Haha, I get the pips thing Terry, I'm referring to the spread being included in the stoploss, sorry you must have missed that.. I just need to know if everyone has been including spread into the stoploss. For example if the spread was 0.8, are you guys using a 2.6 pip stoploss to make it upto 3.4?

RPM
  • #108
  • Jul 22, 2014 6:17am Jul 22, 2014 6:17am
Quoting Rpm
{quote} Haha, I get the pips thing Terry, I'm referring to the spread being included in the stoploss, sorry you must have missed that.. I just need to know if everyone has been including spread into the stoploss. For example if the spread was 0.8, are you guys using a 2.6 pip stoploss to make it upto 3.4? RPM
I think Terry's point was that no one is actually using the 3.4 pip s/l as they're using a lower leverage, i.e. 200:1. So adding or not adding the spread to 34 pips isn't a critical difference. But to answer from that perspective, I'm including the spread in the 34.
  • #109
  • Jul 22, 2014 8:08am Jul 22, 2014 8:08am
Quoting Rpm
{quote} Haha, I get the pips thing Terry, I'm referring to the spread being included in the stoploss, sorry you must have missed that.. I just need to know if everyone has been including spread into the stoploss. For example if the spread was 0.8, are you guys using a 2.6 pip stoploss to make it upto 3.4? RPM
I hate to be that guy, but the whole method is pointless in my view, you can't put large orders into the market and expect not have the market move to take your order out.

This method is a sure fire way to ruin, anyone thinking otherwise is seriously fooling themselves.

It is super speculative, and if I ever got to 280,000, as the OP suggests is possible (which I doubt) I would take it out immediately.
  • #110
  • Jul 22, 2014 3:02pm Jul 22, 2014 3:02pm
Just find this thread, looks fun

Btw all this talk about pips and 5 diggits vs diggits,,
1pips is the same as 10 points
5 diggit brooker show down to points 4 diggit show only down to pips

Happy trading all!
  • #111
  • Edited 1:13am Jul 23, 2014 12:49am | Edited 1:13am
Quoting Jysticim
Hello everybody, I would like to tell you something about this strategy(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 the news upcomming (I trade technical); this got me bored. I still liked trading alot...
i am checking your trading and i'm not sure with your report. don't get the wrong idea, this is a very terrific trading report!! and i'm willing to do the same (it gave me the urge and motivation that it's possible to reach).

but before i do at real one, i have some questions first.

 

  1. is this real or still demo? (i know it sound stupid, bear with me okay?) ^_^
  2. i've checking your image posting and i see it's on a 5 digit broker.


the next questions is,

 

  1. is it your SL is 340 or 34?

because if it's 34. i've seen your SL been touch before it reach the end day trade. (you can see the pictures below for further questioning explanation).



Attached Image (click to enlarge)
Click to Enlarge Name: all the SL is touch.PNG Size: 90 KB



if it's 340, then at your 8 day trading, how come it reach 340? because it's barely touch 340 and it still can move to the next day (i've checked it by my own MT4 it have gaps another 140++ points).

the other part is, on your 7th day, you are supposed to be minus (according to your system) but then again it's write it down profitable. can you explain this more?

last one is,

at this post below

Quote
Sell Day 8:
Open 1.36138
Close 1.36172 Gain: -34 Pips
-34Pips x (0.00001/1.36172)x(280,421$ x 2000) = -140,210$ +280,421$ = 140,210$

Sell Day 9:
Open 1.36115
Close 1.36149 Gain: -34 Pips
-34Pips x (0.00001/1.36149 )x(280,421$ x 2000) = -140,210$ +280,421$ = 140,210$

i think you write it down wrongly.. so it makes the whole calculation is wrong.. but then again, if this is real or demo you can just show us your history report right?

Attached Image (click to enlarge)
Click to Enlarge Name: Jurnal.jpg Size: 75 KB


sorry for my bad english, not really good using english ^_^

P.s:
eager to learn from you ^_^
and what broker you use? i might wanna use it if you can give me the link ^_^
  • #112
  • Jul 23, 2014 1:53pm Jul 23, 2014 1:53pm
@sinexcellent

In regards to your question about his SL being hit before the end of trade day. From the first post it looks like he is using an EA that only executes the SL if the candle closes beyond this SL. So it disregards any ranging that happens while the candle is open.

"Something more about the SL. I have a EA that closes the trade and not a set in stone SL incase the broker stop hunts (what I think they don't do but you never know). The EA closes the trade when a candle closes above/below yesterdays high/low. So it doesn't close the trade when it spikes in the range and retraces."

If this is the case, my question is what EA is he using? Perhaps Jysticim can let us know when he returns from Holiday...
  • #113
  • Jul 23, 2014 3:24pm Jul 23, 2014 3:24pm
Quoting MolaRam
@sinexcellent In regards to your question about his SL being hit before the end of trade day. From the first post it looks like he is using an EA that only executes the SL if the candle closes beyond this SL. So it disregards any ranging that happens while the candle is open. "Something more about the SL. I have a EA that closes the trade and not a set in stone SL incase the broker stop hunts (what I think they don't do but you never know). The EA closes the trade when a candle closes above/below yesterdays high/low. So it doesn't close the trade...
and still the above pictures explain it all that its beyond the pass point where the SL will be touched.

well, it's still bothers me about the cases here.. so i'm waiting for more certain answers.

hope Jysticim will coming home sooner.
  • #114
  • Jul 24, 2014 4:33am Jul 24, 2014 4:33am
i havnt really tested this whole thing out but ive been thinking about it a lot and this is actually quite difficult to do. And the reason is because we are essentially going "double or half". that means we're looking to go for 2:1 RR.... this is not something that is easy to do consistently. its quite possible he just got lucky in his first few trades where he made 27k from 100!!

dont get me wrong, getting a strategy that nets you 2:1 isnt that hard, getting a strategy to net you +66% win ratio also isnt that hard. getting them both together in one strategy IS hard.

Sure, trying to randomise your entries "should" get you 50% win ratio but thats not enough. Jysticim is using only the previous days high/low plus hard SL (if outside range) to get his 'edge'. this may raise his win % but will it raise it till +66%??? i dont think so. Also we have to be going for 2:1 in all trades we take. there's no accounting for this in the strategy.

This can only work if you have a strategy that will net you +66% win ratio with typical 2:1 RR on all trades..... and if you have strategy like this already then you've already got your holy grail!! so you wont be looking on Forec Factory threads for something special.....

i'll see what Jysticim has to say when he returns.... my hopes have lowered somewhat on this whole thing.
  • #115
  • Jul 24, 2014 6:41am Jul 24, 2014 6:41am
Quoting TerryTibbs
getting a strategy that nets you 2:1 isnt that hard, getting a strategy to net you +66% win ratio also isnt that hard. getting them both together in one strategy IS hard
Correct!
Quoting TerryTibbs
This can only work if you have a strategy that will net you +66% win ratio with typical 2:1 RR on all trades..... and if you have strategy like this already then you've already got your holy grail!!
Again, spot on. Maybe there are some traders out there that can do it but they are far to busy enjoying private islands, jets, yachts and so on so they will not have any time left posting on FF.
  • #116
  • Jul 24, 2014 8:09am Jul 24, 2014 8:09am
Quoting TerryTibbs
This can only work if you have a strategy that will net you +66% win ratio with typical 2:1 RR on all trades.....
Actually, that's not the case. "If" you have a 2:1 with 10 net wins you can make a successful go on this. Check out the "Rags to Riches" thread that Jysticim linked to in post #1
  • #117
  • Jul 24, 2014 10:14am Jul 24, 2014 10:14am
been trying for a past few days and the result is so not promising yet.

using the same rules, using $100 and the balance now is $68.

my rules is in general is like this.

buy and sell is by the same rules books.
the SL is 302 points (pipettes) or 30.2 pips

if i'm using SL 32 pips the price movement almost touch the SL.

so, going to try using SL 32 pips.

with the TP 64 pips. but.... from my point of view in this EUR USD, it's not even possible for eurusd to make that much (we can count it manually the daily average).

so i'm going to switch to another pair that are working with this rules. i still believe this is achievable because years ago i did the same using my 300 USD and it gain 1k USD in a few days. (i don't know is that beginner lucks or what..)
  • #118
  • Jul 25, 2014 12:26am Jul 25, 2014 12:26am
hello fallowers
look at the post #1 in day 8, 9 and 10 ,11 and 12, 5 losing trades in the row.how he still surviving with $19 million???
regards
fred
  • #119
  • Jul 25, 2014 1:07am Jul 25, 2014 1:07am
@terry

i saw what you post before but i dont know why you delete it.

well, like i said it's achieveable from my own experience, and from my point of view. we just don't know how yet.

i've been trading years using a big amount of money to do safe trade.

but sometimes i wonder, how to achieve the high profit with low risk.

i believe, changing pair (outside the EUR/USD right now) will surely show the result.

the key to success using this method is, finding a pair which have low spread and high daily average movement. And lastly how to do the MM (i think in every forex trading it always about the MM and the strategy with the daily movement).

happy pipping
  • #120
  • Edited 1:25am Jul 25, 2014 1:11am | Edited 1:25am
woops sorry the picture had a naughty word in it! i somehow ended up deleting the whole post! bear with me....

also, i have just realised my broker timings are all wrong.... even though its Alpari UK its not at GMT or GMT+1 even, the MT4i also has a delayed entry, one or two candles after...im trying to figure out what candles i was actually getting in at and what candles i was getting out at. they are different to Jysticim timings.

have also just realised i was not getting out of a trade and in a trade at the same candle.... its a bit of a mess, but there is a method in all this madness, im trying to piece together the correct timings.

this thing seems feasable guys.... just need to tweak a few things....get it just right and this could bloody well work.

also have just noticed it was just a little over 2months of backtesting not 3! which makes the results even more crazy.
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