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Building an equity millipede

  • #6,761
  • Oct 20, 2014 10:11pm Oct 20, 2014 10:11pm
Hello...

Does anyone know how to create .PDF out of this thread? I already downloaded the one from page 1 to 21 (post #1-#412). I need the rest of this thread... well at least up from page 22 to 233.

Please advice.

Thank you.
axau
  • #6,762
  • Oct 20, 2014 11:19pm Oct 20, 2014 11:19pm
Quoting SwingMan
{quote} The guys are right and I am saying that the third! Exactly four years ago I posted a few indicators in this forum, and now I want to program something new until the end of the fifth year... Is anyone from the experienced Milliped traders still interested to discuss/develope new ideas, possibly in a new thread?
Any experienced serious traders who invested huge effort in understanding that thread and position trading are welcome to send me their Skype id by PM and we can have interactive contact on Skype group as a live chat group on daily basis.
  • #6,763
  • Oct 21, 2014 2:59am Oct 21, 2014 2:59am
Quoting Axau
Hello... Does anyone know how to create .PDF out of this thread? I already downloaded the one from page 1 to 21 (post #1-#412). I need the rest of this thread... well at least up from page 22 to 233. Please advice. Thank you. axau
The original pdf (which I have tried to attach, but unfortunately is to big - about 39mb, FF allows a max of 10mb) has last post as #3485, posted on Nov 7, 2010 by pipEasy. ElectroGypsy also posted a zip file of html files which I believe has even more post after post #3485 (I have attached link).

http://www.forexfactory.com/showthre...52#post7510752
  • #6,764
  • Edited 4:40pm Oct 21, 2014 6:38am | Edited 4:40pm
Quoting danjuma
{quote} The original pdf (which I have tried to attach, but unfortunately is to big - about 39mb, FF allows a max of 10mb) has last post as #3485, posted on Nov 7, 2010 by pipEasy. ElectroGypsy also posted a zip file of html files which I believe has even more post after post #3485 (I have attached link). http://www.forexfactory.com/showthre...52#post7510752

Thank you. I really appreciate it.

Regards,
axau
  • #6,765
  • Oct 22, 2014 4:01am Oct 22, 2014 4:01am
hello,

here are some observations to traders who wish to embark on a millipede.

Although Graeme did mention that the first two months will be the most difficult, I now understand I had not really allowed the information to sink in.
You need to realise that if you are taking trades and participating systematically, you will have to be paying an amount per week as participation costs.
It will be a good idea to be prepared.

My personal 5 initial weeks stats were as follows, these are ballpark numbers to give you an idea:
I was taking 0.02 lot trades, had an average 30 entries per week, 40% were BE or runners and 60% losses.
my average loss was about $5, and my average position cost about $3. This means that for every trade I pull the trigger I am giving $3 to the market, on average.
These very small numbers amount to a cost of $100 per week.
After 5 weeks I had no diversification but my floating profit was lingering around 80% of my total losses - this can be pure luck - good or bad.
Realised loss was $500, unrealise profit anywhere from $300-$500.
The question is, can you handle 5 months of $400 per month (=$2000) without having emotional issues. 5 months should be enough for some diversification to occur.

I am trying to say, be prepared for a definite initial drawdown and consider very small size if you are testing - starting out.

best to all,
aristides.
  • #6,766
  • Oct 22, 2014 5:27am Oct 22, 2014 5:27am
Quoting aristid
hello, here are some observations to traders who wish to embark on a millipede. Although Graeme did mention that the first two months will be the most difficult, I now understand I had not really allowed the information to sink in. You need to realise that if you are taking trades and participating systematically, you will have to be paying an amount per week as participation costs. It will be a good idea to be prepared. My personal 5 initial weeks stats were as follows, these are ballpark numbers to give you an idea: I was taking 0.02 lot trades,...
Nice to hear from someone actually trying to implement the method. Cheers
  • #6,767
  • Oct 22, 2014 5:39am Oct 22, 2014 5:39am
Hello Aristid,

Thanks for the insight, are these numbers for one pair only?
Persistence will get it. Consistency will keep it.
  • #6,768
  • Oct 22, 2014 10:04am Oct 22, 2014 10:04am
Quoting Chake
Hello Aristid, Thanks for the insight, are these numbers for one pair only?
The numbers are on opportunities on 25-30 pairs.
I do 1H, 4H and, rarely, 15min entries.
My numbers will most likely be very different from anyone else's. I suggest you do a few weeks with minimal size to get a feel of your personal weekly costs.
  • #6,769
  • Edited 6:04pm Oct 22, 2014 5:20pm | Edited 6:04pm
Hi aristid,


interesting to hear an impression of someone using the strategy. Let us know how it works for you in the future.
May I ask which entry method you use and if you are also hedging, meaning open buy and sell at the exact same time?

I also tried this method but I always had the problem that I did not know when or if at all to close trades. If a trade was 500 pips in profit should I allow it to go to BE? When I trailed the profits then of course it was more likely that price hit the SL. If not I had the problem described above. How do you decide when or if to close the trades?
  • #6,770
  • Oct 22, 2014 9:55pm Oct 22, 2014 9:55pm
Quoting aristid
hello, here are some observations to traders who wish to embark on a millipede. Although Graeme did mention that the first two months will be the most difficult, I now understand I had not really allowed the information to sink in. You need to realise that if you are taking trades and participating systematically, you will have to be paying an amount per week as participation costs. It will be a good idea to be prepared. My personal 5 initial weeks stats were as follows, these are ballpark numbers to give you an idea: I was taking 0.02 lot trades,...
Thanks for sharing. Statistics are mirror for a trader to consistently find out where improvement is needed. Good luck!
  • #6,771
  • Oct 23, 2014 12:53am Oct 23, 2014 12:53am
Quoting Myrmica
Hi aristid, interesting to hear an impression of someone using the strategy. Let us know how it works for you in the future. May I ask which entry method you use and if you are also hedging, meaning open buy and sell at the exact same time? I also tried this method but I always had the problem that I did not know when or if at all to close trades. If a trade was 500 pips in profit should I allow it to go to BE? When I trailed the profits then of course it was more likely that price hit the SL. If not I had the problem described above. How do you...
I will be back to discuss, however I'd like to have some distance from the situations I am discussing. I don't wish to discuss what I am experiencing right now as it is not "processed" properly yet. I just wanted to tell everyone about the initial situation.
I am using 70% FBs like the one I showed in my post here
http://www.forexfactory.com/showthre...79#post7811879
and 30% various breakouts. Also some half-size Marion-style add-ons on 4H.
Open buy and sell at the exact same time, no. This was never discussed as far as I can remember.
Definitely have buys and sells on the same pair. In fact, almost always.
Generally, when I feel a move is over (like a trendline broken, a 20ema pierced, a ranging period, a double bottom, whatever you use), I will cash out on all the entries up to a 50-60 retrace of the said move. The good scenario is that there will be a healthy retrace and will be able to keep adding in the general direction after it is over, hoping for another leg.
  • #6,772
  • Oct 23, 2014 2:17am Oct 23, 2014 2:17am
AUD/USD finally had a little breakout. Long trade with risk of 7 points, 1/2 off at 14 and gonna see if we can get to the top end of this past weeks range. Stop out still yields a profit so happy either way. #longtail

Attached Image (click to enlarge)
Click to Enlarge Name: AUD-USD 14-10-23 (2).PNG Size: 42 KB


RT
  • #6,773
  • Oct 23, 2014 4:20am Oct 23, 2014 4:20am
Regards fellow traders,
I got highly interested in this discussion, but unfortunately seems there's no way to have a peek at EasyPips' posted charts anymore.
Does anyone please have a saved version to share?
Thank you all very much.
Rob
  • #6,774
  • Oct 23, 2014 9:14am Oct 23, 2014 9:14am
Quote
Does anyone please have a saved version to share?

I have something like this on my computer. Tomorrow I will search on other computers, maybe I will find something useful for you.
Attached File(s)
File Type: pdf Building an equity millipede Page 28.pdf   6.0 MB | 2,484 downloads
  • #6,775
  • Oct 23, 2014 2:39pm Oct 23, 2014 2:39pm
I have these pdf's but they are huge if anyone can figure out a way of sharing them, I am happy to do so.

Ccheers
  • #6,776
  • Oct 23, 2014 11:19pm Oct 23, 2014 11:19pm
Quoting Surftraders
I have these pdf's but they are huge if anyone can figure out a way of sharing them, I am happy to do so. Ccheers
4Shared has proved pretty useful for me in the past with large file storage and sharing.

RT
  • #6,777
  • Oct 23, 2014 11:21pm Oct 23, 2014 11:21pm
Quoting Razor_trader
AUD/USD finally had a little breakout. Long trade with risk of 7 points, 1/2 off at 14 and gonna see if we can get to the top end of this past weeks range. Stop out still yields a profit so happy either way. #longtail {image} RT
Stopped out and was not available much to look at the other side of the coin. Have a short in the USD/JPY but have missed opportunities to get other legs. I do look at much smaller TF's so I guess looking towards next week I will just have to isolate those areas I am looking to trade and leave some pending orders. Has been 1 of those weeks but I am positive overall this week so no complaints.

How did everyone else fair.
  • #6,778
  • Oct 24, 2014 1:29am Oct 24, 2014 1:29am
Quoting Dr_Zulu
Regards fellow traders, I got highly interested in this discussion, but unfortunately seems there's no way to have a peek at EasyPips' posted charts anymore. Does anyone please have a saved version to share? Thank you all very much. Rob
I found something like this on my other PC. It`s 700+ page pdf.

https://www.dropbox.com/s/w3u7gcyqre...raeme.pdf?dl=0
  • #6,779
  • Oct 24, 2014 3:03am Oct 24, 2014 3:03am
Here guys

Try this and let me know if it works, its pretty much all pipeasy posts, pehaps a few missing but a long read. I have read it about 5 times, so much info in it it boggles the mind

http://www.4shared.com/zip/Layoz0Z5ce/Pipeasy.html
  • #6,780
  • Oct 24, 2014 10:16am Oct 24, 2014 10:16am
Thanks guys, you're far too kind!
Gonna have a good look at those PDFs!
Thank you!
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