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Reverse Engineering a Profitable System (REPS)

  • #161
  • Aug 19, 2015 8:28am Aug 19, 2015 8:28am
Quoting PipMeUp
{quote} I hear you Ferru. But look at the chart. According to the rules it is a down trend. Do you really want to keep entering short positions in this market? {image}
If an entry is due on the lower TFs as per the rules ... Why not ? But in this precise case, the initial entry is definitively out at this level ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #162
  • Aug 19, 2015 8:49am Aug 19, 2015 8:49am
Quoting spyderman
... if we get a series ending Daily DC break, we don't go back in on that pair until we have another "series" setup as in Rule #1.
I missed this you're right.
No greed. No fear. Just maths.
  • #163
  • Aug 19, 2015 11:24am Aug 19, 2015 11:24am
Entries taken on U/Cad and G/Cad with aggressive H4 entry.

This is the 2nd position on G/Cad. 588 pips locked in with 233 at risk.
The 1st G/Cad position actually pre-dated the REPS inception and was from my previous trend following. It lines up with REPS though and was on this account so I shall go forward with it.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADiH4.png Size: 66 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADiH4.png Size: 62 KB
  • #164
  • Aug 19, 2015 11:32am Aug 19, 2015 11:32am
As the thread moves forward and more positions are discussed, I think it raises a possible terminology issue into focus, and that is the use of the term "Pip"

As shown in our E/U template we are locking in "pips" as we go along to finance further positions. But locking in 500 "pips" at .01 lots is a lot (no pun intended) different than locking in 50 pips at .5 lots.

I feel that one of the most dynamic factors in the system is the locking and stacking aspect, so I want to be clear on what we're referring to on given trades.
I also want those following along to be able to relate the process to their own trading situation. So referring to $ locked in won't have the same meaning to different size account holders.

Any ideas to keep it simple and at the same time accurate.
  • #165
  • Aug 19, 2015 1:31pm Aug 19, 2015 1:31pm
Quoting spyderman
As the thread moves forward and more positions are discussed, I think it raises a possible terminology issue into focus, and that is the use of the term "Pip" As shown in our E/U template we are locking in "pips" as we go along to finance further positions. But locking in 500 "pips" at .01 lots is a lot (no pun intended) different than locking in 50 pips at .5 lots. I feel that one of the most dynamic factors in the system is the locking and stacking aspect, so I want to be clear on what we're referring to on given trades. I also want those following...
What about normalizing in multiples of the initial risk? For instance I risk $25 on the first position, this is the unit. If I trail a series of SL to lock $53.6, I locked 2.14 units (53.6/25). It give the same value whatever your account size, whatever the SL and the size of the various entries and whatever your percent of risk is. The final result for your trade gives the effective RR of the series. This is a measure any trader understands.
No greed. No fear. Just maths.
  • #166
  • Aug 19, 2015 3:56pm Aug 19, 2015 3:56pm
Quoting PipMeUp
{quote} What about normalizing in multiples of the initial risk? For instance I risk $25 on the first position, this is the unit. If I trail a series of SL to lock $53.6, I locked 2.14 units (53.6/25). It give the same value whatever your account size, whatever the SL and the size of the various entries and whatever your percent of risk is. The final result for your trade gives the effective RR of the series. This is a measure any trader understands.

Ha...great minds think alike
I was thinking of calling them pipunits. Like in the E/U example the first position of .08 lots would be 1 pipunit. Sounds good to me.
  • #167
  • Aug 19, 2015 6:50pm Aug 19, 2015 6:50pm
Quoting PipMeUp
{quote} What about normalizing in multiples of the initial risk? For instance I risk $25 on the first position, this is the unit. If I trail a series of SL to lock $53.6, I locked 2.14 units (53.6/25). It give the same value whatever your account size, whatever the SL and the size of the various entries and whatever your percent of risk is. The final result for your trade gives the effective RR of the series. This is a measure any trader understands.
That would be the best way to define it.
MT4/MT5 EAs/Indicators/Alerts coder
  • #168
  • Aug 19, 2015 8:43pm Aug 19, 2015 8:43pm
H4 aggressive entries added on the E/C and E/A
  • #169
  • Aug 20, 2015 2:17am Aug 20, 2015 2:17am
Quoting spyderman
H4 aggressive entries added on the E/C and E/A
experimental counter-trend was stopped out on E/C. Long open with 240 pips SL. This makes the lot size small. This is good to test if the winner can cover the losers.
No greed. No fear. Just maths.
  • #170
  • Aug 20, 2015 4:29am Aug 20, 2015 4:29am
EXPERIMENTAL counter-trend E/U long with aggressive entry. Previous DC-W1 break was at 1.1098. Price a little bit above this now. DC-D1 last move was up. DC-H4 going down and just broke. SL 130 pips
No greed. No fear. Just maths.
  • #171
  • Aug 20, 2015 6:26am Aug 20, 2015 6:26am
Cad/Jpy and Gbp/Aud triggered during the night.

We have a nice mix going now...will see where it heads.
  • #172
  • Aug 20, 2015 6:14pm Aug 20, 2015 6:14pm
But, this overall looks bad...
I don't think one can compare overall profit/loss to just a day profit....
I think!..
  • #173
  • Aug 20, 2015 6:46pm Aug 20, 2015 6:46pm
E/Nzd triggered
  • #174
  • Aug 20, 2015 6:47pm Aug 20, 2015 6:47pm
Quoting noobshow
But, this overall looks bad... I don't think one can compare overall profit/loss to just a day profit.... I think!..
Not sure what you're referring to. In fact, I have no idea.
  • #175
  • Aug 21, 2015 1:12am Aug 21, 2015 1:12am
Quoting spyderman
{quote} Not sure what you're referring to. In fact, I have no idea.
What i meant was, the Overall profit/loss of this strategy seems bad.
So, is it really worth trading or you need some ideas to improve it?
  • #176
  • Aug 21, 2015 2:15am Aug 21, 2015 2:15am
Quoting PipMeUp
EXPERIMENTAL counter-trend E/U long with aggressive entry. Previous DC-W1 break was at 1.1098. Price a little bit above this now. DC-D1 last move was up. DC-H4 going down and just broke. SL 130 pips
DC-H1 is 1 pip above the entry. SL @BE
No greed. No fear. Just maths.
  • #177
  • Aug 21, 2015 8:08am Aug 21, 2015 8:08am
Quoting noobshow
{quote} What i meant was, the Overall profit/loss of this strategy seems bad. So, is it really worth trading or you need some ideas to improve it?

I would say it's a bit early to make any determination as to overall profit/loss, but thanks for contributing
  • #178
  • Aug 21, 2015 8:18am Aug 21, 2015 8:18am
Quoting spyderman
{quote} I would say it's a bit early to make any determination as to overall profit/loss, but thanks for contributing
Yea, It is early for that i know...
That's why i said, will you mind more ideas to improve it?
Thanks,
Noobshow.
  • #179
  • Aug 21, 2015 8:30am Aug 21, 2015 8:30am
Quoting noobshow
{quote} Yea, It is early for that i know... That's why i said, will you mind more ideas to improve it? Thanks, Noobshow.

I think I've been clear from the outset on the direction of the process. Many have contributed along the way and we've incorporated those into the system.
Of course I want to keep those contributions in line with the original purpose.

We're using the E/U trend from last year as the template. If you have any thoughts on how that could have been traded more profitably, than by all means, share them.
  • #180
  • Aug 21, 2015 11:46am Aug 21, 2015 11:46am
E/N and E/U both up +330 pips. Would love to move to BE but H4 DC still trailing far behind. This is where sticking to a system takes discipline
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