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18 Pips per Day (3% per week) Trading System

  • #261
  • Dec 12, 2014 6:09am Dec 12, 2014 6:09am
Quoting Eur Usd
at the moment it seems fine, but what wonders me is why it failed on first week - have you done any changes since? Seems like maybe it works only in certain market conditions? This week currencies were trending so maybe this is why performance is better? Do you think it will work fine in sideways markets?
I have another Version which works only on Ranging Markets and it is still in Dev.This one works only when there are trends , either way , both of the EAs should make 5% ROI per week
  • #262
  • Dec 12, 2014 6:24am Dec 12, 2014 6:24am
Tafa, what is your EA TP settings, how do you determine your take profit cos you might be giving away your profit often..
  • #263
  • Dec 12, 2014 7:28am Dec 12, 2014 7:28am
Quoting macsoj
Tafa, what is your EA TP settings, how do you determine your take profit cos you might be giving away your profit often..
The below is my aim

Quoting tafadzwa02
Starting Monday 08-12-2014 {bettingtrades.com EA Auto (Demo Acc Auto_Pilot)} This is a Demo Account and it is a full auto pilot.There is no manual intervention. {bettingtrades.com EA (Live Acc 5% Target Per Week)} This is a Live Spreadbetting Account and it is has a target of 5% per session, i.e , every time I enable the EA based on the trading analysis, I target 5% growth for that session and close all trades when I reach my 5% growth, ideally the session = a week. {bettingtrades.com EA Auto (Demo Acc 5% per Week Target)} This is a Demo Account...
  • #264
  • Dec 12, 2014 8:29am Dec 12, 2014 8:29am
Now I don't want to take it as attack on you, but the method of last explorer is not so perfect, or not yet. The way I see it is you had 2 trades with massive profit. Rest seems to be random. The trades get profit and then go for loss. Maybe you should take profit manually once you see it? For example 0.5% is a good profit - better take it and let the EA still run?
On my way to financial independence - if others can do it - I can do it
  • #265
  • Dec 12, 2014 10:28am Dec 12, 2014 10:28am
btw. This is how my method works:
10 % profit this month, but it's due to strong trends. There will be times when it will be hard to get 1% in same period of time.
87% win rate. I need to test it to end of February to add anything to account (only if successful)
and most of times I cash 0.2-0.4% profit trades.
Attached Image
On my way to financial independence - if others can do it - I can do it
  • #266
  • Dec 14, 2014 2:11am Dec 14, 2014 2:11am
Quoting tafadzwa02
... I wil be laughing all the way to the bank Told you guys , this is it and you all thought I was joking.
I am tempted to be nasty
to be more serious - you have to understand you trade for yourself and your family. Not for us - only for yourself. You don't have to prove us anything and willingness to prove something may be damaging for your trades as well (in my case it was will to show off with good profits while my explorer was visible). I would even suggest to hide explorers, focus on trading rather than attention seeking, explaining yourself. Focus on what's really important for you and write us some nice story after you succeed - I guarantee that success story will be very popular.
Always remember you don't have to prove us anything - you live for yourself
Good luck.
On my way to financial independence - if others can do it - I can do it
  • #267
  • Dec 14, 2014 4:10pm Dec 14, 2014 4:10pm
Quoting Eur Usd
{quote} I am tempted to be nasty to be more serious - you have to understand you trade for yourself and your family. Not for us - only for yourself. You don't have to prove us anything and willingness to prove something may be damaging for your trades as well (in my case it was will to show off with good profits while my explorer was visible). I would even suggest to hide explorers, focus on trading rather than attention seeking, explaining yourself. Focus on what's really important for you and write us some nice story after you succeed - I guarantee...
That's all I do anyway , I only come to the forum to get ideas on how to improve and , to be honest , I have benefited a lot on this FF.
Anyway , week 2 is continuing , the 5% per week is kicked off , the Auto is on and the Live Account is also on .I will test this for 6 more weeks and if I get 5% every week , then I am good , so far its not bad

Please find attached my performance for last week , together with my Risk Management.I restarted the Auto because the EA had some bugs and I fixed them.
Attached File(s)
File Type: xlsx Betting_Trades_WC-14-12-2014.xlsx   201 KB | 236 downloads
  • #268
  • Dec 15, 2014 4:13am Dec 15, 2014 4:13am
I am just looking at the 5% per week EA , that's the one I am more interedted in to be honest.It is losing right now , but this is only the first day , as long as it recovers and ends up with 5% profit at the end of the week , thats the most important thing .

Lets see
  • #269
  • Dec 15, 2014 4:16am Dec 15, 2014 4:16am
hey,


you are now at -5% and the day just started...do you have a limit where that EA should stop for the day like 1%..10%..etc ?
i mean, what is the point of 5%/week gain, if it loses that in a few hours..

thanks...and ill be watching closelly your progress
bradu
  • #270
  • Dec 15, 2014 6:25am Dec 15, 2014 6:25am
Quoting bradu
hey, you are now at -5% and the day just started...do you have a limit where that EA should stop for the day like 1%..10%..etc ? i mean, what is the point of 5%/week gain, if it loses that in a few hours.. thanks...and ill be watching closelly your progress bradu
I am testing this remember , it worked last week , why don't we wait and see what happens at the end, as for your question ,my limit = 50% loss then I stop for that week.
This normally works in a trending market , so If the market is not trending , I have a problem .I am working on another EA which works on a ranging market as well to see if I can use both , as of now , I still believe this will turnaround and win 5% by Friday
  • #271
  • Dec 15, 2014 6:25am Dec 15, 2014 6:25am
I think tafa needs another EA - one that brags automatically that his method is greatest ever and he'll be laughing all the way to bank, plus it needs to automatically do revenge trades on 10 lots
On my way to financial independence - if others can do it - I can do it
  • #272
  • Dec 15, 2014 6:44am Dec 15, 2014 6:44am
Quoting Eur Usd
I think tafa needs another EA - one that brags automatically that his method is greatest ever and he'll be laughing all the way to bank, plus it needs to automatically do revenge trades on 10 lots
Whatever man , why should I respond to your comments , its only Monday , we got 4 more days to go , calm down , there is still a long way to go.
  • #273
  • Dec 15, 2014 6:54am Dec 15, 2014 6:54am
Quoting tafadzwa02
{quote} Whatever man , why should I respond to your comments , its only Monday , we got 4 more days to go , calm down , there is still a long way to go.
Exactly.
It's also only the 2nd week. If you don't let this run for weeks you'll never know if it's going to work. Just watch it & learn from it. Make notes of possible changes.
  • #274
  • Dec 15, 2014 6:59am Dec 15, 2014 6:59am
so true, still 4 days to lose ;-)

BTW I got another 0.5% at 37 pips on EJ ;-)
On my way to financial independence - if others can do it - I can do it
  • #275
  • Dec 15, 2014 8:32am Dec 15, 2014 8:32am
Quoting Eur Usd
so true, still 4 days to lose ;-) BTW I got another 0.5% at 37 pips on EJ ;-)

Let me explain a bit how my system works

{bettingtrades.com EA Auto (Demo Acc Auto_Pilot)}
This is a Demo Account and it is a full auto pilot .I don’t really care what happens with this account , its mainly to check if my EA is executing ALL Trades

{bettingtrades.com EA (Demo Acc 5% Target Per Week)}
This is still a Demo Account and it is has a target of 5% per session, i.e , every time I enable the EA based on the trading analysis, I target 5% growth for that session and close all trades when I reach my 5% growth, ideally the session = a week. This is the Account I am watching closely because if it works this will be the one that will make me rich J

{bettingtrades.com EA Auto (Live Acc NO Target)}
This is a Live Account .I switch on the EA for this account when those particular pairs are due for a trend .This is based on my analysis .No target here because the market can move 1000 pips in my direction , so I let it run. This can mean a few fake breakouts and losses but mainly I will be waiting for a trend to occur on the Pairs


I hope I am clear enough
  • #276
  • Dec 16, 2014 4:10am Dec 16, 2014 4:10am
Only yesterday some prophets of doom were saying the EA is a pile of C***p .Today it is winning , like I said before , lets get it going for 6 more weeks and see if it can achieve 5% growth every week , if it can do that then we are in the money !!.So far I am happy with its performance.This EA will be given free of charge to all so don't worry , there is no rush
  • #277
  • Dec 17, 2014 9:20am Dec 17, 2014 9:20am
Today is a disaster , this EA is full of ups and down I tell you , yesterday it was 30% up at some point , now its 20% down , its all see saw.FOMIC will come to the rescue ??
  • #278
  • Dec 17, 2014 9:34am Dec 17, 2014 9:34am
am I sill prophet of doom? ;-)
On my way to financial independence - if others can do it - I can do it
  • #279
  • Dec 17, 2014 9:39am Dec 17, 2014 9:39am
Quoting Eur Usd
am I sill prophet of doom? ;-)
You will be my first customer , but seriously , I don't like these see - saws , they make me angry !!
  • #280
  • Dec 17, 2014 10:03am Dec 17, 2014 10:03am
Quoting tafadzwa02
{quote} You will be my first customer , but seriously , I don't like these see - saws , they make me angry !!
try to lower down the risk to 1% and maximum 5 trades at a time
On my way to financial independence - if others can do it - I can do it
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