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Reverse Engineering a Profitable System (REPS)

  • #221
  • Aug 27, 2015 3:43pm Aug 27, 2015 3:43pm
Quoting silverpuma
{quote} I share your frustration spyderman, though things are still looking very good. I'm still on my quest to somehow not give back large chunks of unrealised profits but not stifle the longer based trend compounding ability. Not an easy one. Let me throw out a very sketchy, unclear jumble of thoughts I'm having so others can pull apart and see if there is anything of worth. You you mentioned those 100's of pips in the green that turned red, what about banking (with some yet to be decided trigger) those 100's of pips so they cease being unrealised...
Yeah I think that's basically what we're doing. The trick is defining "when" to bank profits or stack trades. It's easy to look back and say "sheesh, I should have banked some profits when that position was up 500 pips". But in real time you have to have some criteria to tell you..."now's the time".

I think that's what we've done here. On that E/U trade that stopped out for a loss, it originally had about a 460 pip s/l. It shot up to about a +250 then retraced and stopped out at -184. So not a full loss, but I would have liked to get it to BE. I'll keep going as before but watch and see how we do on this trailing to BE.

Meanwhile my original Gbp/Cad position closed out and banked about 580 pips. Starting over on that one
  • #222
  • Aug 27, 2015 5:05pm Aug 27, 2015 5:05pm
G/N closed at partial loss
  • #223
  • Aug 27, 2015 6:17pm Aug 27, 2015 6:17pm
I've placed a limit order for a 2nd position on the Nzd/Jpy. It's using the H4 aggressive.
My original position for .02 lots will lock in 260 pips and my new position sell stop will be for .01 lots and a stoploss of 260.
So we'll be locking in 260 pips

Using the terminology we discussed earlier...
Our initial position of 1 "pipunit" will have 260 pips locked with our 2nd position of .5 "pipunits" and a 260 pip s/l

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYiH4.png Size: 60 KB
  • #224
  • Aug 27, 2015 7:57pm Aug 27, 2015 7:57pm
Gbp/Aud closed at BE. On to the next...
  • #225
  • Aug 28, 2015 1:03pm Aug 28, 2015 1:03pm
N/C and U/C moved to BE
  • #226
  • Aug 28, 2015 2:54pm Aug 28, 2015 2:54pm
Quoting spyderman
I've placed a limit order for a 2nd position on the Nzd/Jpy. It's using the H4 aggressive. My original position for .02 lots will lock in 260 pips and my new position sell stop will be for .01 lots and a stoploss of 260. So we'll be locking in 260 pips Using the terminology we discussed earlier... Our initial position of 1 "pipunit" will have 260 pips locked with our 2nd position of .5 "pipunits" and a 260 pip s/l {image}
Hope the addons trade trigger and carry on moving well for you. This will be interesting.....yum yum....:-)
  • #227
  • Aug 30, 2015 3:53pm Aug 30, 2015 3:53pm
Quoting silverpuma
{quote} Hope the addons trade trigger and carry on moving well for you. This will be interesting.....yum yum....:-)
Here's hoping.
Traders should be getting back from summer vaca soon so looking for markets to start moving.
  • #228
  • Aug 31, 2015 7:18pm Aug 31, 2015 7:18pm
U/Cad closed at BE.
  • #229
  • Aug 31, 2015 7:21pm Aug 31, 2015 7:21pm
Aud/Cad entry triggered on weekly DC break.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADiWeekly.png Size: 75 KB
  • #230
  • Sep 1, 2015 2:15am Sep 1, 2015 2:15am
You are keeping your discipline, congrats!
  • #231
  • Sep 1, 2015 7:19am Sep 1, 2015 7:19am
U/J entry triggered on aggressive H4 entry

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiH4.png Size: 55 KB
  • #232
  • Sep 1, 2015 7:19am Sep 1, 2015 7:19am
Quoting silverpuma
You are keeping your discipline, congrats!
  • #233
  • Sep 1, 2015 7:23am Sep 1, 2015 7:23am
Okay, so we have an addon entry triggered on the Nzd/Jpy.

We have our initial entry on 8/21 at 81.369 for 1 "pipunit".
We now have locked in 1/2 "pipunit" and entered at 76.576 with 1/2 "pipunit".
We've actually locked in 255 pips and our stoploss risk 225 pips so we've locked a little better than 50%.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYiH4.png Size: 62 KB
  • #234
  • Sep 1, 2015 7:31am Sep 1, 2015 7:31am
This is where it could get very interesting, hope it goes well. I should say....drops like a stone
  • #235
  • Sep 1, 2015 3:47pm Sep 1, 2015 3:47pm
Eur/Aud addon entry triggered.

Initial entry on 8/19 at 1.51412 for 1 "pipunit"
Locked in 1/2 "pipunit" and have 1/2 "pipunit" risk on addon entry at 1.60023.
Locked in 450 pips. 410 pips at risk

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDiH4.png Size: 69 KB
  • #236
  • Sep 1, 2015 3:48pm Sep 1, 2015 3:48pm
Initial entry triggere on G/A
  • #237
  • Sep 1, 2015 8:46pm Sep 1, 2015 8:46pm
Aud/Nzd closed for partial loss of 185 pips
A/N was never a solid entry. It triggered on a huge price spike on the 24th (along with N/C that I've been nursing back to BE). Didn't even close out of the cloud on the entry.
That's the way it goes sometime.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDiDaily.png Size: 78 KB
  • #238
  • Sep 4, 2015 6:43am Sep 4, 2015 6:43am
Aud/Usd addon position triggered.
163 pips at 1 "pipunit" locked in at .71330
1/2 "pipunit" order placed at .69805 with 172 pip s/l

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDiH4.png Size: 74 KB
  • #239
  • Sep 4, 2015 6:56am Sep 4, 2015 6:56am
Things progressing well spyderman, still plenty of green

How are you finding the emotional swings as the overall portfolio ebbs and flows with the significant number of live positions open. I'm especially interested in the addons trades and how you find these? What has been your biggest struggle (if any) in this area of managing your feelings and the urge sometimes to bend the rules.

Keep up the good work and have a great weekend
  • #240
  • Sep 4, 2015 10:46am Sep 4, 2015 10:46am
Quoting spyderman
Aud/Usd addon position triggered. 163 pips at 1 "pipunit" locked in at .71330 1/2 "pipunit" order placed at .69805 with 172 pip s/l {image}
Hello spyderman

Any reason for not taking the break of daily DC at 0.7047? 2 steps above the level you entered.

Also is the DC on your 4hr chart a 120 period serving as daily?
Regards
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