(binned per thread starter's request) Trading system replication

Quoting diamonddbw

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Hi Janpec. Only on pg 4 but very impressed with your in-depth analysis and enormous number of charts. Question on post 74. It appears that you include hedging in News Event pre-planning. Is this true? Being in US, I can only handle this type of trading using multiple accounts, unless you have some other way of managing I'm not aware of. I do use Oanda's proprietary platform, so at least I can remove partial trades by simply entering a short/long of smaller size, in opposite direction of initial trade. {image}

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Quoting janpec1000

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{quote} Yep i do enter oposite directions, however to be honest it happens very few times, more often my first position will be BE SL cleared or TPed into news before ill be able to find oposite setup for hedged position, so i dont think you should be worying about that. Most of time i go in news with single position. By the way i am not sure you would be able to trade M1 charts with Oanda, last time i checked their spreads were funny large.

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Quoting janpec1000

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***Managing winners vs no managing. *** Did TP study today while trading, UJ M5, 200 samples of setups. I have compared on sheet if managing the winners with different approaches or extending TPs would overperform to default 1:1 structural TP method. This was counted over 200 examples all compared across 5 different winners managing methods. Since most of profitable traders that i know of use managing of winners method (70% of them) i did a study to confirm if there is statistical edge in it. The difference however is at what percentage and distance...

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Quoting diamonddbw

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{quote} ++++++++++++++++++++++++++++++++ Funny large indeed. Not many choices left in US (that I'm aware of). Using variations of your methods, I successfully logged of 3 wins in 4 trades on GJ Friday. For a while GJ is the main pair I trade, so have become relatively familiar with it's basic movements. Also had 3 small wins on UCad. Having access to 5 second charts was quite helpful, on GJ because it helped keep my SL's more manageable, however I think 11p SL, was still the smallest. Keep up the stellar work. It is appreciated. Thanks, Darryl

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Quoting janpec1000

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{quote} Let me be clear, with Oandas spreads you will not be able to profitably trade this on low TFs, or even if you do it will be struggle becouse you would pay too much of trade size on spread. You can still trade M5 or higher but ofcourse with much less setups. I am sure there are many other much better brokers to choose as US residents, one thing for sure you can always go in futures, futures costs are even lower than what i pay on ECN broker, and future brokers are avalible alltrough US. You would have less liquidity (bit more ugly price)...

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Quoting marinecorps

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{quote} Im in the US too and curious about the futures option for lower costs. What would be the advantage to charting on MT4 versus Ninjatrsder or other futures charting software? On Ninjatrader, I can chart ticks which seems like it would be the lowest possible TF versus the M1 on MT4. Thanks.

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Quoting janpec1000

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{quote} Yep true with ticks you can get even more entries than with M1 chart. That is defenetly advantage, the other advantage are commission costs which are lower. But largest disadvantage is liqudity. And the liqudiity isnt really problematic in terms of ability to exit and enter trade quickly, or having large spread, the problem is in price action quallity. Futures will have gaps on M1 candles and structures that are harder to read than regular spot FX, which might be ok for certain trading strategies, but not for strategies that rely a lot on...

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Quoting marinecorps

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{quote} Makes sense. So Spot Forex would generally show more liquidity and better structures to which you could chart with and then execute trades on the futures platform for better costs. Would just have to put them side by side and see how well the futures follow spot price action. I used Amp Futures in the past to trade the ES mini and never had complaints. I don't remember the exact costs, but I think it was around $3-3.50 per round turn trade per 1 lot and their margin requirements were low for daily trading. I never checked the forex at Amp...

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Quoting janpec1000

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UCAD {image} UJ (SL not adjusted) {image} GJ (SL not adjusted) {image}

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