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

  • #341
  • Aug 9, 2015 4:27pm Aug 9, 2015 4:27pm
http://www.tradingsystemforex.com/mq...ling-stop.html
  • #342
  • Aug 11, 2015 7:06am Aug 11, 2015 7:06am
is your demo and live TE using the same strategy?
the results look very different, and noticed that the risk seem to be different too.
there is always, always another trade!!
  • #343
  • Aug 11, 2015 9:11am Aug 11, 2015 9:11am
Quoting profitfarmer
is your demo and live TE using the same strategy? the results look very different, and noticed that the risk seem to be different too.
The Demo is using a different Startegy and I intend to test that stratergy for 3 months before deciding to put money on.The only problem is that there is no stop loss on the Demo
  • #344
  • Aug 11, 2015 10:10am Aug 11, 2015 10:10am
it is big problem.
I have to admit that I don't always use SL...but I feel when I do it is lot less emotional, and feels safer.
another thing I find, that backtest/demo results can look quite different from what I encounter on live trading.

hope you recover from your losses!
but my I ask where is the point when you decide that it just doesn't work as it should be? ( not implying that not at all, but not in this current form)
I mean, August is frustrating to my system, so far, and that frustration started to second guess some entries ( even though that system every trade is with tight SL), and that lead to even worse results...took me days to recover from such stupid mistakes.
however, your system is getting into deep, serious loss territory, that probably would need some fact finding, and maybe a break until that fact finding is done.
maybe it is just a non system friendly market, but after 140 trades, it might be something more serious.
there is no point to waste good capital while something isn't up to it. and your system might not be showing its best now.
there is always, always another trade!!
  • #345
  • Aug 11, 2015 12:40pm Aug 11, 2015 12:40pm
Quoting profitfarmer
it is big problem. I have to admit that I don't always use SL...but I feel when I do it is lot less emotional, and feels safer. another thing I find, that backtest/demo results can look quite different from what I encounter on live trading. hope you recover from your losses! but my I ask where is the point when you decide that it just doesn't work as it should be? ( not implying that not at all, but not in this current form) I mean, August is frustrating to my system, so far, and that frustration started to second guess some entries ( even though...
when I get to more than 60% loss on my account I will rethink the whole strategy , I still have hope and belief because my stats tell me in one week , I can win 40% so I will wait and see.either way , if it gets to 60% loss ,I am going to change it
  • #346
  • Aug 11, 2015 1:37pm Aug 11, 2015 1:37pm
understand.
the 40% a week too.
but at this point right now you already need 50+% gains to just recover to BE...
there is always, always another trade!!
  • #347
  • Aug 12, 2015 4:41am Aug 12, 2015 4:41am
Quoting profitfarmer
understand. the 40% a week too. but at this point right now you already need 50+% gains to just recover to BE...
its a long road but i hope to get there sometime , not sure when to be honest
  • #348
  • Aug 12, 2015 6:55am Aug 12, 2015 6:55am
Quoting profitfarmer
it is big problem. I have to admit that I don't always use SL...but I feel when I do it is lot less emotional, and feels safer. another thing I find, that backtest/demo results can look quite different from what I encounter on live trading. hope you recover from your losses! but my I ask where is the point when you decide that it just doesn't work as it should be? ( not implying that not at all, but not in this current form) I mean, August is frustrating to my system, so far, and that frustration started to second guess some entries ( even though...
Do you see what happening today? 15% up , its crazy and thats the problem. I will keep going and see what happens
  • #349
  • Aug 12, 2015 7:15am Aug 12, 2015 7:15am
yes. I see.
also see that your EU positions are like 8 pips apart, so, effective that is a double position then?
I don't mind swings in equity, but lately, I prefer less swings. doesn't matter up or down, in general.
do you have a max number of open trades?
it is good to see however when things line up as should, then the winners outpace losers.
there is always, always another trade!!
  • #350
  • Aug 12, 2015 7:22am Aug 12, 2015 7:22am
Quoting profitfarmer
yes. I see. also see that your EU positions are like 8 pips apart, so, effective that is a double position then? I don't mind swings in equity, but lately, I prefer less swings. doesn't matter up or down, in general. do you have a max number of open trades? it is good to see however when things line up as should, then the winners outpace losers.
I don't have a max number of open trades , I trade every signal that comes my way , the most painful thing is when you 'know' that the signal will lose and you just have to take it regardless , I hate that .But either way , my stats tell me I will be fine in the long term and thats why I will keep going , who knows
  • #351
  • Aug 12, 2015 7:43am Aug 12, 2015 7:43am
so how many pairs?
do you care that some quite highly correlated?
there is always, always another trade!!
  • #352
  • Aug 18, 2015 10:57am Aug 18, 2015 10:57am
sad to see that August isn't looking good so far.
for a moment there was hope for that turn around you mentioned, but then it seems the system hit another low this week.
would you consider lowering risk ( if not changing system parameters) until there seem to be some sunshine that the system is once again on track?

my main system also suffers this month, and this week isn't any different so far, however, the per trade risk lowered still keeps it in game, while my pain is reduced to a level where I can easier tolerate it. my system has a target per trade risk 1-1.5% risk; nothing that August is difficult, currently it trades only at 0.5% risk per trade.

since this isn't a demo account, but hard cash,
sometimes live to fight another day is not a bad solution, I think.
at >40% DD, your hope to score a quick comeback is getting further...it takes about 75% gain just to get BE.
there is always, always another trade!!
  • #353
  • Aug 18, 2015 12:16pm Aug 18, 2015 12:16pm
Quoting profitfarmer
sad to see that August isn't looking good so far. for a moment there was hope for that turn around you mentioned, but then it seems the system hit another low this week. would you consider lowering risk ( if not changing system parameters) until there seem to be some sunshine that the system is once again on track? my main system also suffers this month, and this week isn't any different so far, however, the per trade risk lowered still keeps it in game, while my pain is reduced to a level where I can easier tolerate it. my system has a target per...
0.5% risk per trade, but how many pips that counts for SL?
It is the dust where you came from & it is the dust where you shall return
  • #354
  • Aug 18, 2015 12:55pm Aug 18, 2015 12:55pm
Quoting infernal199
{quote} 0.5% risk per trade, but how many pips that counts for SL?
not many. my system has tight SL. I trade only intraday.
a set number. say, less than 20 pips.
but since it is a hard SL, it doesn't matter the number of the pips, really. all in matters is that it isn't more or less, but only 0.5% of the equity now.
something to address the worse than usual performance numbers of August, and preserve capital.

the above comment was not per se about the risk%/trade as a number, only intended to point out that whatever risk tafadzwa02 uses, maybe if conditions adverse, should be lowered until once again the market gets more into an ideal phase.
the numbers I merely added to as an example of using half-third of usual risk profile.
there is always, always another trade!!
  • #355
  • Aug 18, 2015 2:01pm Aug 18, 2015 2:01pm
Quoting profitfarmer
{quote} not many. my system has tight SL. I trade only intraday. a set number. say, less than 20 pips. but since it is a hard SL, it doesn't matter the number of the pips, really. all in matters is that it isn't more or less, but only 0.5% of the equity now. something to address the worse than usual performance numbers of August, and preserve capital. the above comment was not per se about the risk%/trade as a number, only intended to point out that whatever risk tafadzwa02 uses, maybe if conditions adverse, should be lowered until once again...
ok your wining ratio per trade?
It is the dust where you came from & it is the dust where you shall return
  • #356
  • Edited 3:17pm Aug 18, 2015 2:38pm | Edited 3:17pm
let not lead offline this thread.
sent you a PM.
there is always, always another trade!!
  • #357
  • Aug 19, 2015 8:57am Aug 19, 2015 8:57am
Patience is a virtue.Something has happened the last 3 or so weeks and I don't belive my system can just be thrashed becasue of 3 weeks.I have faith that it will come back but it's looking really bad at the moment .Lets see how it goes , till the last penny
  • #358
  • Aug 19, 2015 9:13am Aug 19, 2015 9:13am
patience is virtue.
and so is taking action!

something has happened, maybe August has happened.
whatever did, I never suggested to ditch your system
I merely proposed to lower the risk, till things get back on track.

I know how you feel, I used to have this till the last penny attitude. Unfortunately for me, usually it had ended up exactly that way in the end...down to margin call and last penny.
I sincerely hope you have that virtue of taking action, and the flexibility to execute it, what I was lacking before.
there is always, always another trade!!
  • #359
  • Aug 19, 2015 9:45am Aug 19, 2015 9:45am
Quoting profitfarmer
pa............ I know how you feel, I used to have this till the last penny attitude. Unfortunately for me, usually it had ended up exactly that way in the end...down to margin call and last penny. ...
  • #360
  • Aug 19, 2015 10:23am Aug 19, 2015 10:23am
so what next?
there is always, always another trade!!
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