G Trades

Hi All,

Monday's Trade is live- Sell

(Note- I don't like BIG candles! They make me nervous...)

SL and TP as usual.



Trade outcome to follow....

M

Trade complete.

Full TP hit.



Til tomorrow.....

M

Hi All,

Here we go!

Tuesday's trade is live- Buy



SL and TP as usual.

Trade outcome to follow.... well it went so fast I missed it!!- LOL - I did take the trade a little early, as we had people arrive.

Full TP hit

M

Hi All,

So yesterday (aka Wednesday), I couldn't take the trade as I was caught up at work and not at the computer. So missed out on the 25 Pips . I was watching the chart on my phone, but didn't want to risk it.



I will also miss today's trade as it is my daughters b-day and we are off to celebrate.

Til tomorrow.

So, back to normal.

Took a cheeky 10 Pip scalp when we got back last night- just couldn't resist! LOL



Wonder if we will get a trade today?......

M

Hi All,

Fridays' trade is live.

Sell.

TP and SL as usual.



Update/conclusion to follow.....

Full TP hit: +25 Pips.

Account is now in positive territory!!



Have a great weekend all.

M

Good afternoon!
Let me input 2 ideas, based on mybacktest since 9.12.20015:
1. Try fixed SL=40
2. CADJPY has the same ADR as GBPJPY
Good luck!

Hi All,

Today's trade is live- Sell

TP and SL as usual.

(Note: not feeling great about the PA- selling into resistance.) Will wait and see how we go.



Trade result to follow....

M

Added:

Full TP hit



Thats got to be the quickest 25 Pips I have ever booked- 1min16sec from open to close!!

Til tomorrow...

M

Hi since80808

Thanks for your imput.

That sounds very interesting- especially the SL part- as I have been thinking about how to reduce the size of my losses. I will have a look at past trades.

Trading CAD/JPY is a possibility, but I still prefer GBP/JPY as both markets are open when I am trading- which adds to the volume and volatility, adding to my edge.

Again thanks for your input- if you trade with those parameters/markets keep us updated- always great to hear of successes!

M

You can follow my way of testing calibrating parametres.
Download this script EX4 and install it to MT4 using manual PDF.
Then start testing some period with visualisation on LOWEST speed = 0.
Then apply your system template and increase speed for fast testing
I also share here useful indi MQ4 for trading time and my TPL, based on your system.
Good luck and feel free to ask!

What we see today:
High jumps up and down.
If we have SL=last swing we loss later and need 4 TPs to cover.
If we use fixed TP we loss. BUT.
We can add, for example, WUKAR news indicator and not trade before|during news:

Hi All,

So interesting evening- I had checked the charts, and thought I 'knew' where the trigger would be. I took the trade on my phone, which meant it was a candle early, and ended up winning the trade. The trigger was 5 pips higher.

Looking at the charts now- it was clearly a stop run, before the news.

Am I happy I got the win- of course- luck plays a BIG part in life and in trading!! It could've easily gone the other way.

But I have also deviated from the plan, which has lead to a big difference between forwarded tested results and back tested results.

Since80808- I agree with your observation about the losses being around 3 to 4 times bigger than the winning trades- which I am not ecstatic about- so perhaps putting a hard stop of 40-50 pips is the answer- will look into it as soon as I get time...........



From tonights lucky trader.....til the next trade.

M

Hi All,

Wednesday's trade is live- Buy

TP and SL as usual.
It amazing how we associate the past with the present- the setup is almost identical to yesterday's- trade open at the release of high impact news- will wait and see how we do today....



Trade outcome to follow.

M

And.... we are back!!

Trade complete!

Full TP hit.



M

Hi All,

I have just done some analysis on my trading account.

And WOW!!

The account has doubled!!!

To say I am happy with the result would be an understatement.

I have doubled accounts before, but without a real trading plan I always ended up blowing the account.

What excites me the most is that this is repeatable!

Some analytics:



Number of trades: 44
Winning trades: 33 (75%)
Maximal Drawdown: 10.81%
Relative Drawdown: 14.54%



Return by month:
Nov 2015: 6.51%
Dec 2015: 43.56%
Jan 2016: 17.59%
Feb 2016 (MTD): 12.30%

I am in the process of opening a trade account, with Trade Explorer and I will link it to this thread.

Til the next trade!

Great result! Contgratz!

Hi All,

Another day, another trade. No major news today, so hoping for a nice orderly trade.

Today= Sell

TP and SL as usual.



Outcome to follow....

M

Hi All,

Trade closed- Full TP. (Looks like London is taking out SL and changing direction!)



I've had quite a nice run of 'Full TP' trades recently!



Til tomorrow's trade.

M

Double TP today: sell and buy